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PSUs look to buy oil...

NEW DELHI: India's state-run oil companies...

Market Share: General insurance: PSU...

MUMBAI: For the first time, state-owned...

PSUs look to buy oil with $600 million stuck in Russia

NEW DELHI: India's state-run oil companies are examining the option of utilising about $600 million dividend income from investments in Russia to buy Russian oil as they are unable bring the money home due to western banking curbs on Moscow. "We are examining legal and financial implications of options to utilise the stranded money. We are mindful of the sanctions and do not want to do anything that may in any way amount to a breach," one official in the know said on Thursday.One of the options on...
Karl Jörg -
Business Profiles

PSUs look to...

NEW DELHI: India's state-run oil companies are examining the option of utilising about $600 million dividend income from investments in Russia to buy...
Karl Jörg -
Business Profiles

Market Share: General...

MUMBAI: For the first time, state-owned general insurers account for less than a third of the industry, with the larger private non-life companies...
Karl Jörg -
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