‘Iran not disappointed with India for not importing oil from Tehran’

India has a strong political and cultural relationship with Iran where it operates a strategic port, External Affairs Minister S Jaishankar has said, rejecting reports that Tehran is disappointed at New Delhi for not buying oil from the oil-rich nation in view of the tough US sanctions. Continue Reading

Oil India Q4 net loss stands at Rs 208.54 crore

Oil India Ltd (OIL) reported a net loss of Rs 208.54 crore in the March quarter due to one-time social security payment obligations. The company had posted a Rs 866.50 crore net profit in the January-March 2018 period, it said in a statement. Continue Reading