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.
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corporation, has begun drilling for oil in Farshi offshore block of Iran.
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.
The inking of the commercial contract to build and run the strategic port will help India win access to Afghanistan, Russia and Europe
India plans to further cut imports from Iran by 13 per cent next fiscal even though easing of US and western sanctions has made buying crude oil from the Persian Gulf nation easier.
The government on Monday informed that the European Union ban on single hull oil tankers of over 23 years of age would not impact privatisation-bound Shipping Corporation of India.\n\n\n\n
Finance Minister Jaswant Singh said on Thursday that the country's economy had successfully weathered the impact of volatility in world oil prices because of the war in Iraq and that the worst was over.
A group of US soldiers, including a marine stationed in the Persian Gulf, their parents and six members of Congress have filed a suit to block any invasion of Iraq unless the US Congress issues an outright declaration of war.
Gold prices zoomed to set another record level on the bullion market on Monday on brisk buying and gained another Rs 50 to touch Rs 6,020 per ten gram, triggered by heightened concerns over possible US attack on Iraq.
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 trilateral alliance between India, Afghanistan and Iran on the strategic Chabahar port is a security threat to Pakistan, defence experts in Islamabad have said and asked the government to use diplomatic manoeuvres to avert falling into an "abyss of isolation".
US sanctions against Iran kick in from November 4, which will block payment routes. Sources said India and Iran are discussing reverting to rupee trade after November 4.
Shipping Corporation of India's oil tanker, MT Desh Shanti, which was detained in Iran for 26 days, arrived at Visakhapatnam port in the early hours on Wednesday, sources said.
'The global situation is not very good.'
To this end, India has recently committed USD 400 million in steel to construction of the railway connecting Chabahar and Zahedan, near Afghan border, the report said.
"We will be guided by our national interest," he said.
Modi held several bilateral and trilateral meetings with world leaders.
Replacing Iran, which is India's third largest oil supplier behind Iraq and Saudi Arabia, will not be a problem but margins will be hit as Tehran offers the best commercial terms
Putin made these remarks on Tuesday while speaking at the Plenary session of the 8th Eastern Economic Forum in Vladivostok, a major port city in sanctions-hit Russia's Far East region
State Bank of India, the nation's largest lender, has stopped processing transactions of Russian entities that have been sanctioned by the West over Moscow's invasion of Ukraine, sources said. To effect this, SBI has issued a circular as it fears that any transaction with entities or sectors under sanction will invite sanction on it as well, sources said. No transactions involving entities, banks, ports or vessels appearing on a US, European Union or United Nations sanctions list would be processed irrespective of the currency of the transaction, they said. Payments due to such entities have to be processed by other mechanism rather than through the banking channel, sources added.
His business successes which started with the international distribution rights for the Bollywood blockbuster movie 'Sangam' in 1964 made him one of the richest in Britain but it was the Bofors scam that made Srichand Parmanand Hinduja famous, or rather infamous, back home. SP Hinduja, as he was known, died in London on Wednesday after a prolonged illness. He was 87, a family spokesperson said. Born in a business family in Karachi, British India, he and his two younger brothers were accused of receiving payments totalling Rs 64 crore in illegal commissions to help Swedish gunmaker AB Bofors secure an Indian government contract.
The Chabahar port, located in the Sistan-Balochistan province on the energy-rich Persian Gulf nations southern coast, lies outside the Persian Gulf and can be easily accessed from India's western coast, bypassing Pakistan.
TROPEX-23 this year witnessed the participation of approximately 70 Indian Navy ships, six submarines and over 75 aircraft.
This Web series is more about wine, opium, sex, more sex, gay love and incest, rues Syed Firdaus Ashraf.
India and Iran on Monday decided to jointly combat terror, radicalism and cyber crime as the two strategic partners signed 12 agreements including a "milestone" pact on developing the key Chabahar port for which India will provide $500 million.
Invoking India's "civilisational ties" with Iran, Prime Minister Narendra Modi flew in to Tehran on Sunday on a two-day visit, saying his talks with the Iranian leadership would provide him an opportunity to advance the "strategic partnership" between the two countries.
