Indian state-run refiner makes its first rupee payment for Iran oil; Payment, equivalent to $482.19 mln, in settlement of last year's imports; Other Indian refiners expected to follow suit this week or the next
June 19, 2012 5:25
Iran's Bank Parsian has stopped issuing payment guarantees for Iranian importers who buy Indian goods, because its account that was set up to skirt Western sanctions does not have the necessary funds in rupees.
June 12, 2012 5:43
Iraq has awarded Indian steel production firm Jindal SAW Ltd. a $198 million contract to build and operate a factory for manufacturing oil and gas pipelines in the south, a senior investment official said on Monday.
June 11, 2012 5:44
India's Spicejet has been approached by several Gulf-based and Southeast Asian airlines but will not jump into negotiations until the government reaches a crucial decision on foreign investment, its chief executive said on Wednesday.
April 19, 2012 9:43