Three Iranian Banks to Open India Branch

Three Iranian private banks, namely Saman Bank, Parsian Bank and Bank Pasargad, plan to open branches in India, of which Pasargad’s request is in the final stage of approval, India’s ambassador to Iran announced, AVA Diplomatic reports. Read More »

Confederation of Indian Industry inaugurates Tehran bureau

On Tuesday, the Confederation of Indian Industry (CII) opened a bureau in Tehran with the aim of expanding business and trade ties with Iran. The Indian ambassador to Tehran, the vice chairman of Tehran’s chamber of commerce, and CEOs or representatives of seven well-known Indian businesses attended the inauguration ceremony, AVA Diplomatic reports. Read More »

India denies decline in oil imports from Iran

Indian ambassador to Tehran, while disavowing claims of a cut in his country’s oil purchases from Iran, said the oil sale process has become even more trouble-free thanks to improvements in banking ties, AVA Diplomatic reports. Read More »