The Barack Obama administration is likely to open North America's doors to India for its energy needs as it pushes New Delhi to reduce its energy dependence on \"nuclear armed\" Iran.

The head of the International Atomic Energy Agency pressed Iran over inspections during a visit to Tehran on Monday. But there was no signs of breakthrough deal.

Indian External Affairs minister S M Krishna and his counterpart from UAE Sheikh Abdullah bin Zayed Al Nahyan held wide-range of discussions, including on ways to boost trade ties.

Succumbing to US pressure, India has decided to cut crude oil import from Iran by over 11 per cent this fiscal to 15.5 million tons.

\"We respect the UN sanctions (on import of oil from Iran) against any country,\" Petroleum Minister Jaipal Reddy said, adding embargoes by other countries were not binding on India.

US Secretary of State Hillary Clinton also said: \"India has reduced its dependence on Iranian oil (and) we appreciate the steps that India has taken, and continue to consult with them.\"

US Secretary of State Hillary Clinton said United States and India share the goal of preventing Iran from becoming a nuclear weapons state.

US Secretary of State Hillary Clinton has said countries like India were being pressurised to reduce their oil imports from Iran to make Tehran change its nuclear policy.

The India Meteorological Department (IMD) has said shocks were felt along the eastern part of India and a tsunami alert had been issued along coast.

Richard Fenning, CEO of risk consultancy Control Risks, makes a living by advising companies on risks associated with business in an unfamiliar environment.

Employers pulled back sharply on hiring last month, a reminder that the US economy may not be growing fast enough to sustain robust job growth. The unemployment rate dipped, but mostly because more Americans stopped looking for work.

India, the third biggest consumer of natural gas in Asia, is looking beyond its borders to meet its ever-growing demand.

US President Barack Obama says in his presidential determination that he will will closely monitor the situation to assure that the market can continue to accommodate a reduction in purchases of petroleum and petroleum products from Iran.

Mahindra Satyam's CEO C.P. Gurnani and Tech Mahindra's Vice Chairman and MD Vineet Nayyar announce the merger of the two companies in Mumbai.

Benchmark oil for May delivery was down 26 cents to $106.77 in electronic trading on the New York Mercantile Exchange.

After a quarter of the Sensex was shaved off during 2011 when it dipped over 5,000 points to close the year at 15,455, came the sudden surge that took it 20 per cent higher in 36 trading sessions. What should you expect next?

The 15 per cent Sensex rally in the first two months of 2012 seems to have stoked the embers back to life when hope was dying at the end of 2011 after a year of slide in stock indices.

Besides India are nine other major importers of Iranian oil, including China and South Korea, that could face sanctions.

IMF Managing Director Christine Lagarde also said the multilateral agency is keen on implementing quota reforms that would provide more voting rights for India.

This marks the biggest monthly budget imbalance in history, and is $9.2 billion higher than the previous record of $222.5 billion registered in February 2011.