India's state-owned UCO Bank is expected to announce the payment mechanism in the next 10 days
1 min read6 Dec 2018State refiners Indian Oil Corporation and Mangalore Refinery and Petrochemicals Ltd (MRPL) have contracted 1.25 million tonnes of Iranian oil for import in November
4 min read9 Oct 2018Indian Oil Corp. will lift 6 million barrels of Iranian oil and Mangalore Refinery and Petrochemicals Ltd 3 million barrels in November
1 min read5 Oct 2018India's biggest oil buyers haven't booked any cargoes from Iran for November, potentially cutting imports to zero
3 min read26 Sep 2018India's attempt to keep Iranian oil flowing mirrors a step by China, where buyers are shifting nearly all their Iranian oil imports to vessels owned by National Iranian Tanker Co
2 min read3 Sep 2018A $10/barrel change in crude oil price results in 50 bps impact on India's current account deficit expressed as a percentage of GDP and 30 bps impact on inflation
2 min read23 Aug 2018India has asked refiners to look for alternative oil supplies as the nation may have to cut imports from Iran to comply with the renewed US sanctions
1 min read11 Jul 2018India is the second-largest buyer of Iranian crude after China. Iran had a 10.4% share in India's crude oil import volumes for 2017-18
3 min read29 Jun 2018India should stay firm on the S400 deal with Russiabut it may not be left with too many options on Iran
4 min read30 Jun 2018Iran is India's third-largest oil supplier behind Iraq and Saudi Arabiawould be subject to the same sanctions as those in other countries
3 min read27 Jun 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared