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Iran issue: Pranab prefers parleys to sanctions

Gwalior, Dec 26: External Affairs Minister Pranab Mukherjee today said that discussions were a better alternative than international sanctions in dealing with the situation arising out of Iran's nuclear programme.

''Iran is our longtime ally and about 40 lakh Indians are residing in West Asia. Prior to taking any step, the programme's objective should be ascertained,'' he told journalists here.

The minister was in this citadel town to attend the Nikhil Bharat Banga Sahitya Sammelan's 79th All India Annual Literary and Cultural Convention.

''The Indo-US civil nuclear deal will not pose a threat to India's security and sovereignty and every opposition party has been thus informed through a discussion in Parliament,'' Mr Mukherjee added.

UNI

Delhi 61/3 in reply to Saurashtra's 492 all out

Rajkot, Dec 26 (UNI) Delhi were three for 61 in the first innings in reply to Saurashtra's mammoth 492 on the second day of the four-day Super League Ranji encounter at the Madhavrao Scindia Cricket Ground here. The visitors started their innings on a disastourse note after dismissing Saurashtra for 492 in the first innings. Medium pacer Sandip Jobanputra struck in his last delivery of third over and trapped Akash Chopra LBW. The visitors were one.....

Futures inch up, oil's rise may boost energy stocks

NEW YORK, Dec 26 (Reuters) US stock futures inched up on Tuesday, pointing to a slightly higher market open, as investors expected a jump in oil prices to help energy stocks gain ground in a light trading day. Shares of retail stocks were in focus after a report from Spendingpulse showed holiday sales rose by only 3 percent this year, compared with last year's 5.2 percent growth. For details, see ID:nN26340690 Investors were also waiting for.....

Oil rises to near $63, Iran bristles at sanctions

LONDON, Dec 26 (Reuters) Oil rose to around $63 a barrel on Tuesday after Iran warned it could use its oil exports as a weapon following the UN Security Council's decision to impose sanctions on its trade in nuclear goods. News Abu Dhabi was set to be the first to implement a new round of OPEC supply cuts added to the gains that followed two days of losses. U.S. crude climbed 54 cents to $62.95 a barrel.....
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