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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......

Rs 86,000-cr Essar Oil-Rosneft deal cleared

The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction. A consortium of 23 lenders led by State Bank of India on......

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......

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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Russian c.bank - Otkritie may need up to $6.9 billion in extra capital

By Elena Fabrichnaya and Oksana Kobzeva MOSCOW (Reuters) - Russia's Otkritie bank has a hole in its balance sheet that could be as large as $6.9... ...

http://www.sify.com/finance/exclusive-russian-cbank---otkritie-may-need-up-to-69-billion-in-extra-capital-news-default-rjbxwXgfbfief.html
Russia bank rescue eases market concerns about contagion

By Andrey Ostroukh and Zlata Garasyuta MOSCOW (Reuters) - A central bank rescue of Russian bank Otkritie has eased market concerns that other banks... ...

http://www.sify.com/finance/russia-bank-rescue-eases-market-concerns-about-contagion-news-default-ri3xwcfigagej.html
Despite new U.S. sanctions, Russian oil traders say it's business as usual

By Katya Golubkova and Gleb Gorodyankin MOSCOW (Reuters) - Russian oil companies will quickly find ways to work around tighter restrictions imposed... ...

http://www.sify.com/finance/despite-new-us-sanctions-russian-oil-traders-say-its-business-as-usual-news-commodities-ri3tcMadbciah.html
Rs 86,000-cr Essar Oil-Rosneft deal cleared

The agreement came in after the Ruias agreed to clear most of the Rs 26,000-crore dues to the lenders on completion of the transaction. A... ...

http://www.rediff.com/money/report/rs-86000-cr-essar-oil-rosneft-deal-cleared/20170623.htm

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