"There is an enormous amount of interest in investing in India," Mehra said at ICICI Bank's office in Dubai. "We could be doing at least another 10 deals over the next year".
Western sanctions aimed at crippling Iranian finances by drying up buyers for its crude oil, had last year banned insurance cover to ships carrying Iranian oil.
Emphasising its right to act independently to safeguard security interests, Israel has expressed hopes that it may not have to unilaterally carry out an attack against Iran to foil its nuclear ambitions due to an unprecedented concentration of United States forces in the Persian Gulf.
India is busy building up its naval fleet, might add frigates, aircraft carriers, planes, submarines
The United States has said it will share with India transparently the results of its probe into the naval ship shooting incident that killed an Indian fisherman in the United Arab Emirates waters, even as the survivors disputed the Pentagon's claim that they were forewarned.
The Pentagon insisted that the United States naval ship had issued several warning to a fishing boat in the Persian Gulf before it fired shots killing an Indian fisherman and injuring three others.
Amid heightened tensions in the Persian Gulf, Britain on Sunday said it would not be "wise" for Israel to launch pre-emptive military strikes on Iran's atomic installations as it would have "enormous downsides."
As tensions mounted in the Persian Gulf, Pakistan on Thursday assured Iran that it will not provide any assistance to American forces in the event of a United States attack on Tehran.
'Had a very fruitful meeting with Iranian defence minister Brigadier General Amir Hatami in Tehran. We discussed regional security issues including Afghanistan and the issues of bilateral cooperation,' Singh said in a tweet.
Thirteen Iranians were rescued by a US Navy destroyer on Thursday, more than 40 days after their boat was commandeered by suspected Somali pirates in the northern Arabian Sea.
The Obama administration is moving ahead with a 'range of steps short of war' that it hopes will forestall an Israeli attack on Iran, while forcing Tehran to take more seriously negotiations that are all but stalemated, a media report on Monday said.
Besides IOC, ONGC Videsh Ltd has also sought two discovered fields from the 16 fields that Iran is likely to put on auction shortly
India has slashed import of crude oil from Iran by over 26.5 per cent in the financial year ended March 31 as US and European sanctions made it difficult to ship oil from the Persian Gulf nation.
More than six months after a Reserve Bank of India order threw out a mechanism to pay for Iranian oil, Oil Minister S Jaipal Reddy on Tuesday said India is trying to ensure uninterrupted supplies of crude from the Persian Gulf nation.
US, EU have shut down the use of their financial systems for Iranian crude trade.
The United States is set to bolster its military presence in the Persian Gulf by posting combat forces in Kuwait to respond to a collapse of security in Iraq or a military confrontation with Iran.
The United States says its expects India to enforce United Nations sanctions against Iran but left it to that country to decide on steps to "convince" the Persian Gulf state to abandon its pursuit of nuclear weapons.
After drastically cutting imports from Iran, India is hoping to win waiver from US financial sanctions on its oil trade with Iran so as to continue to getting supplies from the Persian Gulf nation.
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.
"We have been importing 3 million barrels of crude oil per month from Iran. There is no change in that status... there has been no disruption in supplies... We continue to import same volumes (this month)," Essar Oil Managing Director and CEO Naresh Nayyar said.
State-own oil explorer Oil and Natural Gas Corporation and the Hinduja group have been offered 40 per cent stake in the development of phase-XII of the giant South Pars gas field of Iran.
In a repeat of the M V Wisdom episode, a much-smaller cargo vessel ran aground near the Juhu beach in north-west Mumbai on Sunday, officials said.
"We are exploring if Indian oil firms can open accounts in banks like Dubai-based Noor Islamic Bank so they can undertake a direct transfer of money for oil they buy from Iran," a senior government official said.
Investigators working on the Mumbai terror attack have unearthed vital information about how the terrorists managed to enter Mumbai.The interrogations of the two arrested terrorists, Abu Ismail and Ajmal Kamal, have revealed that 20 men were involved in the terror attack. While eight terrorists set up base in Hotel Trident and Taj Mahal Hotel, 12 others came to Mumbai in a boat.
After a two-year lull, India has proposed to resume talks with Iran on importing gas through a pipeline passing through Pakistan, but the Persian Gulf state wants the meeting to happen in Tehran.
Italy, Greece, South Korea, Taiwan and Turkey also figure in the list released by Pompeo, who said over 20 countries have cut their oil imports from Iran, reducing purchases by more than one million barrels per day.
Tata Steel's global footprint is spreading at a furious pace.
Billionaire investor George Soros said that although the price of oil is rising due to a combination of rise in demand from China, a weakening dollar and the reduction in supply from the Persian Gulf nations, the main reason for the unprecedented spurt in crude price is speculation.
The deal, which would allow Russia to import and store spent nuclear fuel, is likely to face stiff opposition from Congress.
The government on Friday decided to extend 'open sky' policy to all foreign airlines, including those from the Persian Gulf for three months in the peak winter season, subject to commercial arrangements with the national flag carriers.
After moving into 10 Downing Street a couple of weeks go, British Prime Minister Rishi Sunak is making his first outing on the world stage.
'The global situation is not very good.'
The tata group intends to invest Rs 1,500 crore (Rs 15 billion) in setting up 150 'value hotels' in India and abroad over the next five years.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, has begun drilling for oil in Farshi offshore block of Iran.
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