ONGC buys 15% stake in Russia's Vankor oil field for $1.35 bn

Last Updated: Friday, September 4, 2015, 10:59

ONGC has bought a 15 percent stake in Russia's second- largest oil field from Rosneft for about USD 1.35 billion.

Weak ruble helps Gazprom second-quarter profits

Last Updated: Tuesday, September 1, 2015, 04:39

The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.

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.

Watch: China's stock market falls, EU pressure on Russia

Last Updated: Wednesday, August 19, 2015, 18:27

China's stock drop sharply on Wednesday amidst continuing worries for their economic growth. Over the last 13 months, nearly 1 trillion dollar is said to have flowed out of the country.

Ukraine`s debt faces `high risks`: IMF

Last Updated: Wednesday, August 5, 2015, 01:06

The IMF, which recently released a loan installment for Ukraine, said Tuesday it views the country`s debt as sustainable but facing "exceptionally high" risks linked notably to the pro-Russian conflict.

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.

Russia announces creation of credit rating agency

Last Updated: Friday, July 24, 2015, 22:50

Russia's central bank said Friday it would launch a new credit rating agency by the end of the year in an apparent bid to rival US firms that recently downgraded the country's sovereign debt.

India, Russia sign customs pact to boost trade

Last Updated: Sunday, July 19, 2015, 17:34

With bilateral trade extremely low, India and Russia have initiated steps to remove the hindrances and boost commerce by signing an agreement in the area of customs and moving to liberalise business visas.

Russia chooses Reliance Group for 'Make in India' frigates

Last Updated: Thursday, July 16, 2015, 13:45

They will be upgraded versions of Talwar-class ships, or the Russian equivalent of Krivak-III.

BRICS voices concern over 'fragile' global growth

Last Updated: Thursday, July 9, 2015, 23:34

BRICS countries, including India, Thursday voiced concern over the "fragile recovery" of global growth and the potential spillover effects from the "unconventional monetary policies" of the developed countries and felt that the BRICS Development Bank will serve as a powerful instrument for financing infrastructure investment.

Narendra Modi proposes 10-point initiative for BRICS nations

Last Updated: Thursday, July 9, 2015, 20:15

Calling it 'Das Kadam: Ten Steps for the Future', Modi put forward new initiatives for the BRICS grouping that is formed by major emerging economies.

PM Modi, FM Jaitley interact with business leaders in Russia

Last Updated: Thursday, July 9, 2015, 11:12

Prime Minister Narendra Modi on Thursday interacted with business leaders in Russia. Also present at the interaction was Union Finance Minister Arun Jaitley.