The US has slapped sanctions against a number of international companies and individuals for evading sanctions against Iran and for providing support for its contentious nuclear programme.

Iran can now unlock $4.2 billion of payments for its oil stuck with major clients including India, China, Japan and South Korea after it reached an interim deal with six world powers in November over its nuclear programme.

High taxes on the jet fuel, which goes up as high as 40 per cent in some states, coupled with higher airport charges in the form of user development and airport development fee, which have cascading effect on the air fares, have had a negative impact on the domestic passenger demand in India.

Turkey's state-run Halkbank can only resume processing Indian oil payments to Iran once Western sanctions are officially lifted following an interim deal in Geneva last month, a senior Halkbank official said on Wednesday

When asked about the possibility of talks getting extended for another day, World Trade Organization spokesperson Keith Rockwell said: "The concept of time is flexible in WTO."

The WTO has already significantly lowered its sights since a decade of Doha talks broke down, forcing the body to focus on a much less ambitious set of reforms.

As hard bargains continue for the next four days at the picturesque tourist resort of Indonesia, the ministers., including from the influential developed countries will try and reach agreements on providing windows to the developing nations for their food security programmes and a pact to free the global trade from the procedural hassles at the customs.

ndia has become the world's second largest market of asbestos as the government backed by powerful corporate lobby turns a blind eye to diseases related to the use of the hazardous chemical.

India's involvement in the port development was not strictly under the international sanctions that had been imposed on Iran.

The Geneva agreement is a signal, which at least Saudi Arabia and Israel are so reading, that normalisation of relations between US and Iran is not merely about the nuclear fuel cycle, says K C Singh.

The implications of the interim deal between Iran and the world's big powers go far beyond the nuclear programme, says Nitin Pai

According to the final draft of the negotiating texts, seen by Business Standard, there are a few binding commitments in the chapter on TFA, under Article 13, which talks of Customs cooperation.

Specific difficulties and last-minute backtracking now can only be overcome by trade ministers at a biennial meeting on Dec 3-6.

Of all auto event, this one in Japan is favourite of car makers to unveil their concepts.

The White House has warned lawmakers that tightening sanctions on Iran could push the US on a "march to war" and derail a diplomatic push to limit Tehran's nuclear programme.

Three civilians were injured as Pakistani troops opened fire and shelled 17 border out posts and hamlets along the International Border in Jammu and Samba districts overnight, resulting in heavy exchanges till the wee hours on Friday.

'By pursuing this case, Captain Saurabh Kalia and the five soldiers will not come back to us, but this is the least I can do as a humble citizen of India to honour Indian soldiers,' says Dr N K Kalia on his struggle for justice for his son who was brutally tortured, killed and mutilated by the Pakistan army in the Kargil war.

Hague-based Organisation for the Prohibition of Chemical Weapons was awarded the 2013 Nobel Peace Prize on Friday for its extensive efforts to eliminate chemical weapons.

While India has scored well on parameters like workforce and employment, it has fared poorly for health and wellness of its labour force, WEF said.

Opposing any external military intervention in Syria, India today said all parties to the conflict should join an inclusive political dialogue to find a comprehensive political solution to the crisis.

The United Nations said on Friday it has received documents from Syrian government on joining the chemical weapons convention, which outlaws their production and use.

The United States has said that it has given up trying to work with the United Nations Security Council on Syria, holding Russia responsible for preventing the world body from protecting security of Syrian people.

Tata displayed its facelifted Aria and Safari Storme Mountain Rescue concept cars at the Geneva Motor Show.

Here are 10 cars from the 2013 Geneva Motor Show that you simply cannot afford to miss.

Let's take a look at the 2013 Geneva Auto Show.

When the focus at Europe's premier auto show is firmly on Ferrari and McLaren's hypercars rather than regular, mass driven cars, you know something's amiss.

I-T, FinMin approach Switzerland and France for access to full transaction activity of these entities from the period accounts were opened.

Rejecting allegations of stashing away unaccounted money in Swiss accounts, Jet Airways on Friday said there is no account in the name of its Chairman Naresh Goyal in HSBC Bank, Geneva, though he is entitled to have bank accounts outside India as he is a Non-Resident Indian.

Carmakers from across the world have displayed some of the best concept and production models and the ongoing Geneva Motor Show.

The Geneva Motor Show highlights the green vision of the world's biggest automibile companies.