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Given the higher NPAs and weak capitalisation of PSBs, ICRA had earlier projected private sector banks market share in the banking sector advances to increase to 38 per cent 40 per cent by 2020 from 27.5 per cent as on March 31, 2017. (Representational image)

Banks ask exporters to close Iran deals due to US sanctions

Two Indian banks have asked exporters to complete their financial transactions with Iran by August.

30 May 2018 12:44 PM IST

Trump had multiple chances to craft a DACA fix with Congress. But one never materialized, despite overwhelming public support for letting Dreamers stay. (Photo: File)

Donald Trump set to announce Iran sanctions move that may kill nuclear...

'I will be announcing my decision on the Iran Deal tomorrow from the White House at 2:00 pm (1800 GMT),' the president...

8 May 2018 8:35 AM IST

Saudi Aramco, the worlds top oil company which is preparing to go public, said on Sunday it has appointed new members to its board including a female executive.

Iran oil payment route to be blocked from November 3

SBI, the country's largest lender, has communicated to oil refiners that the euro payment route will be not available...

15 Jun 2018 3:18 PM IST

India is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo: AIndia is trying to make Chabahar Port in Iran operational by 2019, the government said in a statement on Friday, despite a threat of renewed US sanctions against Tehran. (Photo:AP)

India hopes to open Iran's Chabahar port by 2019 amid US sanctions

The port would offer easy accessibility to CIS countries, Transport and Shipping Minister Nitin Gadkari said in the...

22 Jun 2018 2:42 PM IST

Tata Steel is an arm of $103 billion Tata Group.

Thyssenkrupp seals landmark steel venture with Tata Steel

It is the largest deal in Europe's steel industry since the takeover of Arcelor by Mittal in 2006.

30 Jun 2018 11:15 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

India preparing for cut in oil imports from Iran

Dharmendra Pradhan told reporters in Mumbai that the country would attend to its interests while deciding on oil...

29 Jun 2018 11:31 AM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

US says no exemption to India on oil imports from Iran

In January 2012, Iran agreed to accept India's local currency, the rupee, to settle nearly half of its sales to India.

27 Jun 2018 2:39 PM IST

India pays its third largest oil supplier in euros using European banking channels and imports.

India looks to revive rupee payment system for Iran oil imports:...

India is looking to revive a rupee trade mechanism to settle part of its oil payments to Iran.

23 Jun 2018 11:43 AM IST

Chinese Foreign Ministry spokesman Geng Shuang (Photo: YouTube)

China warns of retaliation if US takes more trade steps

Geng Shuang, warned that Beijing will "definitely fight back" to defend its "lawful rights and interests."

1 Aug 2018 4:31 PM IST

Russia has rejected allegations levelled by the UK that Moscow was behind the deadly nerve-agent attack in the English city of Salisbury on March 4 that had left Skripal and his daughter hospitalised in critical condition. (Photo: File)

US to impose new sanctions on Russia over nerve agent attack in...

The State Department said that following a 15-day Congressional notification period, these sanctions will take effect...

9 Aug 2018 1:26 PM IST

Trump says of Germany: Were supposed to protect you against Russia and yet you make this deal with Russia. (Photo: AP)

Trump warns world against business with Iran as sanctions return

Trump's May withdrawal from a landmark 2015 nuclear deal with Tehran had spooked investors.

8 Aug 2018 4:25 PM IST

Recep Tayyip Erdogan

US tariffs to stay on Turkey, Qatar offers Ankara aid

The lira has lost nearly 40 per cent against the dollar this year.

16 Aug 2018 12:27 PM IST