Hit by global sanctions, Russia offers deep discounts to India on oil purchases: Report
New Delhi: Russia is offering India deep discounts on the direct sale of oil as most of its importers have backed out amid sweeping Western sanctions, including its exclusion from the cross-border payment system SWIFT, following the invasion of Ukraine, Bloomberg reported citing sources.
Ukraine War: Economy in 'shock' from unprecedented economic war, admits Russia
Moscow: Russia has admitted that the country's economy is in a shock and it is taking measures to resist the impact of what it described as an "absolutely unprecedented" economic war waged against Moscow, media reports said.
As Russia's invasion of Ukraine enters the 14th day, three more companies - McDonald's, Coca-Cola and Starbucks - have announced closure of business in Russia, joining the growing list of international businesses leaving the country, media reports said.
RBI may have sold $2 bn to control fluctuations in rupee: Report
The Reserve Bank of India (RBI) is estimated to have offloaded $2 billion in the local currency market to control wild fluctuations in the exchange rate, the biggest central bank intervention in the aftermath of Ukraine-Russia war, ET reported citing market sources.
Hikes in petrol, diesel prices likely to start from next week: Report
New Delhi/IBNS: Petrol and diesel prices are likely to increase after assembly elections in five states get over next week to cover the Rs 9 a litre gap caused by international oil prices that zoomed past $100 a barrel.
The initial public offering of state-run insurance behemoth Life Insurance Corporation of India (LIC) can be pushed to the next financial year, media reports said, noting that the government is likely to hold a meeting to reassess the IPO timing amid the Russia-Ukraine war.
New Delhi: State-run Indian refiner Bharat Petroleum is seeking to import crude oil from the Middle Eastern producers to meet the requirements for April, fearing that the Western sanctions on Russia can disrupt the deliveries of Urals crude, Reuters reported citing sources.
Russia-Ukraine War: SBI halts trade with sanctioned Russian entities
State-run lender State Bank of India has said it has suspended transactions involving Russian entities in the wake of international sanctions, media reports said.
BP exits its 20 pc stake in Russian oil giant Roseneft in wake of Ukraine invasion
British energy giant BP said Sunday it plans to offload a 19.5 percent stake in oil Russian company Rosneft (ROSN.MM) in the wake of Russia's invasion of Ukraine, media reports said.
Ukraine-Russia conflict: Indian govt could lose Rs 1 trillion revenue, says SBI report
Kolkata/UNI: The Indian Government could incur a revenue loss of Rs 95,000 crore to Rs 1 lakh crore for FY23 because of rising oil prices in the backdrop of the continuing Russia-Ukraine conflict, a State Bank of India research report said on Friday.
Russia's Ukraine blitz sends oil prices soaring, dampening hopes of post-Covid economic recovery
Crude oil prices crossed the $100 per barrel mark after Russia launched a military attack on Ukraine on Thursday, media reports said.
Russia-Ukraine crisis: Crypto markets feel the heat
While the economies across the world are bracing for a tough period following the Russia-Ukraine crisis, the global crypto markets are already feeling the heat, sliding more than 11 percent, said media reports.
Indian pharma companies worried over impact of Russia-Ukraine crisis
The Indian pharma sector may take a hit because of Russia-Ukraine crisis and and sanctions against Russia by many western countries including the US, media report said.
Ukraine-Russia situation can hit oil & gas, essential commodities: Ex-RBI governor Raghuram Rajan
Former RBI governor Raghuram Rajan in an exclusive interview to CNBC-TV18 said Russia's invasion of Ukraine can create difficulties for countries dependent on supply of gas and commodities from the region.