8 bn rubles of Indian oil firms stuck in Russia

As much as 8 billion rubles (about Rs 1,000 crore) of dividend income belonging to Indian oil firms is stuck in Russia after the Putin administration clamped down on dollar repatriation, officials......

Russia will play a major role in India's energy sector

Old timers in Oil and Natural Gas Corpora­tion (ONGC) still remember how in early 2000 its overseas subsidiary, ONGC Videsh Ltd (OVL), was on the verge of closure. Though OVL was set up in......

India Inc braces for fallout of Russia-Ukraine crisis

Stocks of Indian companies with exposure to Europe fell on Tuesday amid concerns about the impact on their sales in case the Russia-Ukraine crisis worsens and the US and its allies impose economic......

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......