Rosneft 2Q net profit tumbles 22% to $1.99 billion

Last Updated: Monday, August 31, 2015, 16:24

Russian oil giant Rosneft on Monday said its net profit fell by 22 percent in the second quarter from a year earlier, a stronger result than expected as the weak ruble partly offset falling oil prices.

Russian economy to see positive growth in 2016

Last Updated: Tuesday, July 28, 2015, 10:50

Russia is expected to see a positive growth of 2.3 percent in its economy next year, a leading Russian official has said.

Essar Oil signs pact to sell 49% stake to Russia's Rosneft

Last Updated: Thursday, July 9, 2015, 11:17

Essar said it "signed a non-binding Term Sheet with regard to Rosneft?s participation in the equity capital of Essar Oil Limited with a share of up to 49 per cent."

Essar Oil signs pact to sell 49% stake to Rosneft

Last Updated: Thursday, July 9, 2015, 10:53

Essar Oil shares surged as much as 5.1 per cent on Thursday to Rs 198.35 after Russia's Rosneft signed a deal to acquire up to 49 per cent stake in its Vadinar oil refinery.

Lupin up 2.5% on Russia's Biocom acquisition

Last Updated: Friday, July 3, 2015, 13:43

Shares of drug major Lupin on Friday gained 2.5 percent after the company announced acquisition of Russia's Biocom, marking its foray into the Russian pharma market, which is expected to be one of the top eight in the world by 2018.

Ukraine suspends Russian gas purchases in new price row

Last Updated: Wednesday, July 1, 2015, 05:02

Ukraine has announced the immediate suspension of all Russian gas purchases after EU-mediated negotiations aimed at keeping supplies running for at least three more months broke down.

CII inks MoU with Russian counterpart to boost eco ties

Last Updated: Friday, June 19, 2015, 19:31

The chamber also said that during their interaction with Sitharaman, industry leaders raised the issue of possibility of Rupee-Rouble trade, financing for oil trade and barter trade in commodities.

World Bank improves outlook of Russia`s battered economy

Last Updated: Monday, June 1, 2015, 21:06

The World Bank on Monday said it saw some improvement in Russia`s battered economy, predicting it would shrink by 2.7 percent this year and return to growth of 0.7 percent in 2016.

Russia to pay record $800 million to savers in collapsed bank

Last Updated: Friday, May 22, 2015, 18:35

Depositors in a Russian bank that collapsed due to the economic crisis will receive a record insurance payout of nearly 40 billion rubles (USD 800 million), an official said Friday.

IMF sees less pessimistic outlook for Russian economy

Last Updated: Thursday, May 21, 2015, 20:56

The International Monetary Fund on Thursday announced a less pessimistic forecast for Russia`s economy, predicting no more than 3.4 percent contraction in 2015 and emergence from recession in 2016.

Sistema chief says held talks with RCom over joint venture, no sale planned

Last Updated: Friday, May 15, 2015, 20:39

Sistema had no plans to sell his Indian telecoms unit, Sistema Shyam Teleservices.

Vladimir Putin says Russian economy not in crisis

Last Updated: Tuesday, April 28, 2015, 23:07

Russian President Vladimir Putin said Tuesday the country's economy was not in crisis and that the worst was over, as the central bank is set to meet this week to decide whether to lower the interest rate following the ruble's rebound.