Iranian envoy: India will buy oil partly in rupees

7 February 2012, 6:01 am

Iran's envoy in New Delhi says India will make 45 percent of payments for Iranian oil in rupees as Western sanctions hinder international bank transactions.... Read More »

Exclusive: Iran defaults on rice payments to India

7 February 2012, 5:04 am

NEW DELHI (Reuters) - Iranian buyers have defaulted on payments for about 200,000 tonnes of rice from their top supplier India, exporters and rice millers said on Tuesday, a sign of the mounting pressure on Tehran from a new wave of Western sanctions. The default prompted the head of the All India R... Read More »

India expects slowest growth in three years

7 February 2012, 5:03 am

NEW DELHI : India forecast on Tuesday economic growth would fall below seven percent for the first time in three years, hit by an aggressive string of interest rate hikes and economic reform paralysis.... Read More »

India firms want tax rebate on Iran oil payment

7 February 2012, 4:47 am

By Nidhi Verma NEW DELHI (Reuters) - India and Iran's new mechanism to partially settle their oil trade in rupees may remain a non-starter unless India's finance ministry exempts the payments from hefty ...... Read More »

India to make 45 per cent Iran oil payments in rupees-envoy

7 February 2012, 4:20 am

NEW DELHI: India will make 45 per cent of the payment for its oil from Iran in rupees, which Tehran will use to pay for imports from its second-biggest crude customer, the Islamic Republic’s envoy to New Delhi said on Tuesday.... Read More »

India, Iran Work Out New Mechanism For Crude Payments

7 February 2012, 3:19 am

India and Iran have worked out a new arrangement for New Delhi's crude oil purchases from Tehran, as sanctions by the U.S. and European Union threaten to disrupt the current payment process via Turkey.... Read More »

India Introduces New Policy to Curb Drugs Trafficking

6 February 2012, 8:07 pm

New Delhi: India has introduced a comprehensive national policy to help curb trafficking in narcotic drugs.... Read More »

S&P: India's investment-grade rating under pressure

6 February 2012, 10:46 am

NEW DELHI: India's prized investment-grade credit rating is facing pressure due to weak government policy-making, slower economic growth and stubborn inflation, ratings agency Standard & Poor's warned yesterday.... Read More »

Google, Facebook remove content on India's order

6 February 2012, 6:21 am

(02-06) 05:22 PST NEW DELHI, India (AP) -- Google India has reportedly removed content deemed offensive to Indian political and religious leaders to comply with a court case that has raised censorship fears in the world'...... Read More »

India needs to rebuild its telecom narrative

5 February 2012, 11:57 pm

NEW DELHI, INDIA: Telecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime to deface it.... Read More »