India seeks stake in Russian oil fields in oil quest

India on Tuesday pitched for a stake in vast oil and gas fields as well as LNG terminals in the frozen Arctic of Far East Russia as it looked to import more oil from the former Soviet republic as......

Raghuram Rajan, SBI chief among most influential policy makers

Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.  He stabilised the......

IOC renews deal to buy up to 2 MT of oil from Russia's Rosneft

Indian Oil Corporation (IOC), the nation's largest oil firm, has renewed a deal to buy up to 2 million tonnes of crude oil in 2022 from Russia's Rosneft, the Russian oil producer said. IOC had in......

Russian energy giant Rosneft appoints first Indian on its board

Russian energy giant Rosneft has appointed a former Indian Oil Corporation (IOC) director to its board in signs it may be looking at boosting trade links with India. Photograph: Maxim......