Russian ruble rebounds slightly after record plunge

Last Updated: Wednesday, December 17, 2014, 13:18

Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.

India, Russia to explore oil and gas; aim for $30 bn trade

Last Updated: Thursday, December 11, 2014, 21:46

The two sides agreed to step up efforts for enhancing bilateral trade in goods and services and set a target of USD 30 billion by 2025, it said adding "it is expected that the level of mutual investments by then will be over USD 15 billion each way."

Tata Power, RDIF to explore investment opportunities in Russia

Last Updated: Thursday, December 11, 2014, 20:17

"RDIF and Tata Power will co-operate on identifying and targeting investment opportunities in the energy sector across Russia in order to develop mutually beneficial transactions," Tata Power said in a statement. The pact has been inked during the visit of Russian President Vladimir Putin.

Modi, Putin assure industry of steps to boost bilateral trade

Last Updated: Thursday, December 11, 2014, 19:35

Russian President Vladimir Putin and Prime Minister Narendra Modi on Thursday assured industry leaders from the two countries of measures to enhance bilateral trade and investments.

Essar Group signs $10 bn pact to import oil from Russia's Rosneft

Last Updated: Thursday, December 11, 2014, 17:13

In one of the biggest oil deals, Essar Group Thursday signed a USD 10 billion contract to import crude oil from Russia over a 10-year period.

Russia to supply diamonds worth $2.1 billion to India

Last Updated: Thursday, December 11, 2014, 16:21

Russia is the world's largest producer of diamond, while India is the world's biggest manufacturing centre for cut and polished diamonds.

Russian bank VTB to lend $1 bn credit to Essar Group

Last Updated: Thursday, December 11, 2014, 15:46

The agreement to this effect was signed by Essar co- founder Shashi Ruia and VTB Chairman Andrey Kostin in presence of Prime Minister Narendra Modi and Russian President Vladmir Putin Thursday.

Essar Oil to sign 10-year deal with Rosneft to import crude from Russia

Last Updated: Wednesday, December 10, 2014, 19:56

Essar Oil will on Thursday sign a 10-year deal to import crude oil from Russia as President Vladimir Putin pushes to deepen energy ties with India to counter to US sanctions.

ONGC to acquire stake in two Siberian oilfields

Last Updated: Thursday, December 4, 2014, 14:39

OVL is interested in expanding its presence in Russia as it looks to source one million barrels per day of oil and oil-equivalent gas from Russia.

EU says new energy sources crucial after South Stream

Last Updated: Tuesday, December 2, 2014, 18:05

The sudden announcement by Russia that it will shelve the huge South Stream gas pipeline project shows the need for the EU to find new energy sources, European Commission vice president Kristalina Georgieva said Tuesday.

Ukraine President returns to work as protests persist

Last Updated: Monday, February 3, 2014, 11:43

Ukrainian President Viktor Yanukovych returns to work on Monday from four days of sick leave after opposition leaders appealed for Western assistance.

Thousands march in Russia to demand prisoners` release

Last Updated: Monday, February 3, 2014, 04:22

Thousands of demonstrators marched through Moscow on Sunday to demand Russia free eight prisoners jailed after a 2012 protest against President Vladimir Putin.