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Russian bank VTB to lend Essar $1 billion

Russian banks have faced difficulties in refancing due to Western sanctions. Russian bank VTB will open a $1 billion credit line to India's Essar Group, chief executive Andrei Kostin said on......

VTB, 1st Russian bank to open branch in India

VTB Bank on Tuesday became the first Russian Bank to open its full service branch in the country to service corporate clients. "The branch will mostly serve corporate clients and is designed to......

Essar not exiting oil & gas business: Ruia

The exploration and production assets of Essar Oil will not be part of the Rosneft deal and would continue to remain with the Group After striking the deal to sell its oil refinery to Russia's......

Russia's Rosneft-led group acquires Essar Oil for nearly Rs 88,000 crore

Russia’s state-controlled oil giant Rosneft and its partners on Saturday took over India’s second biggest private oil firm Essar Oil in an all-cash deal valued at about $13 billion (Rs......

5,275 wilful defaulters (+ Mallya) owe banks Rs 56,621 crore

India’s five leading wilful defaulters are Winsome Diamonds & Jewellery Ltd and associate Forever Precious Jewellery & Diamonds, Zoom Developers, Kingfisher Airlines, Beta Naphthol and Raza......

Asian Games: Poonia settles for bronze

A below par Krishna Poonia had to settle for bronze in the women's discus throw on the third day of track and field competitions at the Asian Games in Guangzhou on Tuesday.Poonia, who had won a......

CWG is not Tintu's main target: P T Usha

Her protege Tintu Luka has already broken the two-minute barrier in 800m and legendary P T Usha feels the best is yet to come for the 21-year-old who can be a bet for an Olympic medal that eluded......

Luka sets new national 800m record

Rising Indian middle distance runner Tintu Luka shattered the 15-year-old women's 800m national record as she clocked 1:59.17 to finish a creditable fifth in the VTB Bank Continental Cup in Split,......
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Standard Chartered may take a hit on Essar loan

NEW DELHI: Standard Chartered Bank may have to take a haircut on its exposure of more than $3 billion in Essar Global, the group holding company ,... ...
Rosneft's partner in Essar deal says may sell stake within 5 years

A woman walks past the Essar headquarters building in Mumbai April 8, 2010. REUTERS/Rajesh Nirgude/Files By Katya Golubkova | MOSCOW... ...
Russia Buys Essar Oil For $13 Billion In India's Largest FDI Deal Ever!

India's second biggest private oil company is now under Russian control. In what will be the largest FDI deal in the history of the country,... ...
Stress But Not Too Much, Part 3

The recent announcement of the sale of Essar Group's entire holding in Essar Oil and Vadinar port to Rosneft, Trafigura and UCP will allay the... ...
Saudi Bank stress builds as kingdom's cash injection falls short

By Arif Sharif Saudi Arabia has work to do to ease pressure in the kingdom's banking system. The interest rate banks charge one another for... ...

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