Saudi king to skip US-Gulf summit

Last Updated: Monday, May 11, 2015, 13:05

The Saudi monarch will instead send Crown Prince Mohammad bin Naif, the deputy prime minister.

EU clears massive German wind farms investment

Last Updated: Thursday, April 16, 2015, 19:46

The EU on Thursday approved German government support for a massive investment of nearly 30 billion euros in new offshore wind farms, a key project as the country phases out nuclear energy.

India, Australia explore ways to facilitate flow of uranium

Last Updated: Tuesday, April 14, 2015, 21:02

India and Australia today explored ways for early conclusion of the Administrative Arrangements on civil nuclear cooperation to facilitate the flow of uranium amid Australian assurances that they may conclude by this year end.

L&T, Areva sign MoU for cooperation on Jaitapur nuclear plant

Last Updated: Saturday, April 11, 2015, 16:13

The MoU with Areva represents a major step forward for L&T in pressurised water reactor technology, it said.

Oil jumps 5 percent on tempered Iran view, slower US inventory rise

Last Updated: Tuesday, April 7, 2015, 02:15

Oil prices jumped more than 5 percent on Monday as traders reassessed how quickly Iran might increase exports after a preliminary nuclear deal and anticipated that a months-long rise in U.S. crude inventories may be slowing.

India to benefit from breakthrough in Iranian Nuke standoff

Last Updated: Friday, April 3, 2015, 22:40

India was paying 45 percent of bills against Iranian oil imports in rupee through a UCO Bank account.

Oil prices edge lower as Iran nuclear deadline approaches

Last Updated: Tuesday, March 31, 2015, 10:08

US benchmark West Texas Intermediate fell 69 cents to USD 47.99 while Brent eased 55 cents to USD 55.74 in mid-day trade.

Oil prices fall as Iran, world powers seek nuclear deal

Last Updated: Monday, March 30, 2015, 09:10

Brent crude oil prices fell below $56 a barrel on Monday, extending steep losses from the previous session, as Iran and six world powers tried to reach a deal that could add oil to the market if sanctions against Tehran are lifted.

India owes Iran $8.8 billion for oil - minister

Last Updated: Friday, March 20, 2015, 17:36

India owes about $8.8 billion for oil imports from Iran, India`s trade minister said on Friday, as economic sanctions imposed over Tehran`s nuclear programme have cut its access to the global banking system and hit its oil revenue.

Indian companies turn back on bank loans, issue bonds instead

Last Updated: Wednesday, February 18, 2015, 14:14

Indian corporate bond issuance this year looks set to surpass 2013 and 2014 as expensive bank loans force companies seeking funding to try their luck in capital markets. So far, they haven`t been disappointed.

John Kerry meets with Iranian foreign minister

Last Updated: Sunday, February 2, 2014, 17:34

US Secretary of State John Kerry on Sunday met with Iran`s foreign minister on the sidelines of a security conference in Germany, pressing Iran to abide by the commitments it has already made ahead of new negotiations on Tehran`s nuclear programme.

Next Iran nuclear talks set for February 18 in Vienna

Last Updated: Saturday, February 1, 2014, 06:27

World powers will hold their next talks on Tehran`s contested nuclear programme on February 18, top Iranian and European Union diplomats have agreed during talks.