Sputnik - Following the 2018 US unilateral withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA), also known as the Iran nuclear deal, Washington reimposed sanctions against Iran that target various sectors of the country's economic system, including energy and banking. Iran will reportedly open a branch of Bank Pasargad of India to ...

Economic Times - The Indian Steel Association (ISA), which represents top local makers of the alloy, has urged New Delhi to take immediate steps to ban imports from Iran after a near five-fold increase in shipments that might be traced back to the Persian Gulf nation. Imports have increased after the imposition of US sanctions on Tehran, the ISA ...

IRNA Indian traders are still interested in importing steel from Iran in spite of the US sanction, a leading Indian newspaper reported. Business Line newspaper wrote in its report that Indian traders prefer Iranian steel because it is heavily discounted. The first consignment of steel imports from Iran is expected in two tranches of 32,000 tonnes ...

Press TV - Indian media have quoted informed officials as saying that the country plans to speed up the development of Irans Chabahar port before the new round of US sanctions against Tehran are put into place. The Economic Times quoted unidentified officials as saying that Tehran and New Delhi would rush to complete the first berth of Chabahar ...

MARGARITA ISLAND, Sep. 18 (MNA) Iranian President Hassan Rouhani stressed that economic cooperation between Iran and India needed to develop alongside the two countries relations in all other areas. President Hassan Rouhani made the remark in a meeting with Indian Vice-President Mohammad Hamid Ansari that took place on the sidelines of the 17th ...

India is upbeat about renewed interest in Iranian natural gas flowing to India. Over last several months high-ranking Indian officials continue to keep Tehran interested in New Delhi. Irans rejection to Indias offer in 2015 to develop ofIrans Farzad-B offshore natural gas block was considered a short term set back. However, since then New Dehli has ...

Indian rice shippers rallied after the head of Irans grain buyer said its rice import ban ended. The import ban was lifted as of November, Ali Ghanbari, chief executive officer of Irans Government Trading Corp., said in an interview in Dubai. The government imposed the ban to protect domestic farmers during their harvest, he said. KRBL Ltd. climbed ...

India owes Iran $8.8 billion which is blocked in a bank account under the US-led sanctions regime, Governor spokesman Mohammad Baqer Nobakht has said. The money has piled up as India has kept purchasing oil from Iran under a nuclear agreement which allows the Islamic Republic to sell around one million barrels per day of crude. Much of Irans ...

Daily look at Irans late-breaking news and upcoming events:   Iran to emerge winner in nuclear talks: Velayati A senior advisor to Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei says Iran will emerge winner in the negotiations with the P5+1 group of world powers over its nuclear energy program.   Iran Majlis to hold vote ...

With the political inhibitions of the previous government out of the way, India has chosen to push through with its plans to invest in the Iranian port city of Chabahar, Press TV reports. Afraid of clouding relations with the United States, the previous administration of Prime Minister Manmohan Singh would not get the investment off the ground. However,...

New Delhi, Dec 8, IRNA An economic delegation to be headed by Deputy Governor of the Central Bank of Iran for Foreign Exchange Gholamali Kamyab arrive in New Delhi and is slated to hold talks with senior Indian officials on Monday. Kamyab will discuss the economic, insurance and banking issues as well as oil relations with Indian ministers of trade ...

Iran is keen on removing restrictions on banking with India and is hopeful the RBI will address the issue as the two countries try to increase trade, particularly oil imports. Trade without banking restrictions will not grow...We can have more trade if this is solved. The Indian government should facilitate it, Irans industry minister Mohammad Reza ...

Tehran, Oct 9, IRNA Indian Ambassador to Tehran D. P. Srivastava said on Wednesday that India is keen on enhanced of economic cooperation with Iran at Chabahar Free Trade Zone. India is to launch a trial program for transit of goods through Chabahar Free Trade Zone to Milak border point, he said. The Indian government is willing to invest in various ...