Reliance set to buy Iran oil after five-year hiatus

Officials from India's biggest private refiner recently visited Iran to chalk out the details for resumption of trade ties with Tehran. Reliance Industries Ltd, owner of the world's biggest......

Iran-India $2.5 bn steel deal totters as end of sanctions looms

* $2.5 billion, three-year export deal agreed in June 2014* Iran has complained of irregular shipments* No exports since Iran stopped paying in September - source* UN nuclear watchdog poised to......

Rupee payments for Iran oil exempted from local taxes

In order to facilitate purchase of crude oil from Iran, the Finance Ministry has issued a notification exempting payments made in Indian rupee for such imports from any local tax. The......

Budget exempts Iranian oil payments from Income Tax

Clearing the way for oil refiners to pay Iran in Indian rupee, the Union Budget has exempted the payments made for crude oil purchased from the Persian Gulf nation, from any local tax. Iran had in......