Newsmakers: India-Iran ties, India's GDP, Nokia, Bajaj Finance and more
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Newsmakers: India-Iran ties, India's GDP, Nokia, Bajaj Finance and more

Key business news events for the day
India seeks rights to operate Iran oil field

India has sought a discovered oilfield from Iran for raising crude oil imports from the Persian Gulf nation as part of efforts to widen economic and energy ties post lifting of sanctions. Indian Oil Corp (IOC), the nation's largest oil firm, has proposed to Iran that it be given rights to operate and produce crude oil from the discovered field to help move away from buyer-seller relationship to a strategic partnership, sources privy to the development said. The oil produced from the field can then be shipped home, the IOC has said.

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