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The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline.

Russia's Rosneft keen to bid for BPCL

The government is selling all of its 53 per cent stake in BPCL in the country's biggest privatisation plan.

5 Feb 2020 7:34 AM GMT

Ex-Essar Oil shareholders to get additional Rs 75.48 per share

This is additional payout over and above price of Rs 262.80 per share paid to shareholders at the time of delisting.

22 Aug 2017 11:16 AM GMT

Essar Group says non-compete clause with Rosneft only for 3yrs

Rosneft will pay a royalty to Essar Group for using brand name of Essar Oil at over 3,500 petrol pumps.

22 Aug 2017 4:15 AM GMT

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar to trim 67 per cent of Rs 1.05 trillion debt with Rosneft deal

Essar Group director Prashant Ruia described debt reduction of Rs 70,400 crore as largest in history of corporate India.

21 Aug 2017 3:21 PM GMT

Essar Oil-Rosneft deal bars Ruias from re-entering oil refining in...

However, the Ruias will continue to run their refinery in Britain wherein they has 9 million tonne facility at Stanlow.

21 Aug 2017 2:32 PM GMT

While Bhushan Steel is in default of Rs 44,478 crore to banks, Essar Steel owes Rs 37,284 crore and Electrosteel Steels Rs 10,273.6 crore. (Representational image)

Essar Oil CEO resigns as Rosneft takes over after USD 12.9 billion...

Rosneft and its partners restructured the board of the company, packing it with their representatives.

21 Aug 2017 1:49 PM GMT

Transaction got delayed after the lenders wanted their debt worth over Rs 45,000 crore to be cleared.

Essar Oil completes sale of India assets to Rosneft for USD 12.9...

Essar Oil-Rosneft deal is the largest foreign direct investment (FDI) into the country till date.

21 Aug 2017 6:42 AM GMT

The hacker believed somebody had to stand up to those spreading hate (File Photo)

Cyber attack hits oil giant and banks in Russia and Ukraine

A Moscow cyber security firm, Group-IB, said it appeared to be a coordinated attack simultaneously targeting victims in...

27 Jun 2017 3:39 PM GMT

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

IB, Home Ministry red flag Essar-Rosneft deal

Security agencies raise objections over inclusion of Vadinar port in sellout agreement.

24 Jun 2017 4:02 AM GMT

Lenders okay sale of Rs 86,000-crore Essar Oil to Rosneft

The sale involves the Ruias almost exiting its cash cow in favour of Russian giant Rosneft and a consortium led by...

23 Jun 2017 8:31 AM GMT

The move would free private players Essar Oil and RIL, which currently follow the price set by state-owned companies, to also shift to a dynamic model.

Rosneft CEO says takeover of India's Essar is closed

Rosneft will hold 49 per cent stake; deal will allow Rosneft to increase oil refining output by 20 per cent.

22 Jun 2017 11:25 AM GMT