India today made a third payment of $550 million to Iran to take the total amount cleared over past one month to $1.65 billion.

India had since July 2011 paid in Euros to clear 55 per cent of its purchases of Iranian oil through Ankara-based Halkbank.

India had since July 2011 paid in Euros to clear 55 per cent of its purchases of Iranian oil through Ankara-based Halkbank.

BlackRock said it’s seizing an opportunity to buy Turkish stocks after political turmoil rattled other investors and drove down prices.

STC said that 70-80 companies have lined up to use the facility and negotiations are on to firm up the detailed rules of engagement.

Top Iranian leader and Speaker of Iran's Majlis (Parliament) Ali Larijani is arriving here tomorrow for discussions with the Indian leaders...

India's sole means of dollar payment to Iran for oil may be blocked if a new round of US sanctions is put in place.

Indian refiners are finding ships with insurance cover, to ferry oil from Iran. Insurance companies are refusing to cover for risk.

Finance minister Pranab Mukherjee has told US lawmakers bluntly that India won't cut oil imports from Iran, despite tough American and Euro...

New Delhi may be able to cope with the coming US, EU sanctions on Iran oil. But it has its own worries about Tehran's nuclear ambitions.

Iran is considering stepping up its purchases from India to obtain a more balanced trade and reduce the problem faced by the two countries.

Amid renewed pressure from the US to isolate Iran over nuclear row, India today said it has not asked oil refining companies to reduce crud...

BPCL has suspended crude oil purchase from Iran after Turkey refused to route its payments, sending India to scramble for alternative metho...

Fearing that fresh US sanctions may block a six-month-old conduit used for paying for Iranian crude, India wants to pay its supplier in rup...

India and Iran are working on a long-term solution to settle payments for crude oil imports

MRPL last week deposited an equivalent of $ 100 million in a rupee account which then routed euros equivalent to state-owned Turkiye Halk B...

Halkbank will then transfer that money to the account of National Iranian Oil Co (NIOC), sources involved in the process said.