RBI rolls out stricter norms for high-value transactions

It was conceived as a way of improving the quality and accuracy of financial data systems for better risk management post the 2008 financial crisis.

published on : 6th January 2021

Withdrawal norms, RTGS timings changed

First, the Reserve Bank in its policy review announcement made last week, announced that starting December 14, the Real Time Gross Settlement (RTGS) System will be available 24x7. 

published on : 7th December 2020

RTGS to be available 24X7 from December: RBI Governor

RTGS is meant for large-value instantaneous fund transfers while NEFT is used for fund transfers of up to Rs 2 lakh.

published on : 9th October 2020

Venezuela gives Russia's oil major Rosneft gas field concessions

Venezuela has awarded licences to a unit of Russian oil major Rosneft to develop two offshore gas fields, Rosneft said in a statement.

published on : 18th December 2017

CEO of Russian oil giant Rosneft fails to appear as witness in Alexei Ulyukayev bribery case trial

Igor Sechin, the head of Russian oil giant Rosneft and a close ally of President Vladimir Putin, failed to appear as a witness Monday in the bribery trial of former economy minister Alexei Ulyukayev.

published on : 13th November 2017

China invests USD 9.1 billion in Russian oil major Rosneft as Glencore, Qatar cut stakes

Rosneft's market capitalisation stands at $57 billion and the deal makes it one of the largest investments ever made by China into Russia.

published on : 9th September 2017

After USD 12.9-billion Rosneft deal, Essar Group to pay additional Rs 75.48 to ex-shareholders

The issue of additional payout to the ex-minority shareholders came up after criticism rose that the promoters enriched themselves too much with the delisting.

published on : 22nd August 2017

Russia's Rosneft consortium acquires India's Essar Oil for USD 12.9 billion

Rosneft will get a 49.13 percent stake in Essar and the Trafigura-UCP consortium via Kesani Enterprises Company Limited will get another 49.13 percent stake.

published on : 21st August 2017

Massive ransomware attack targets multinational companies worldwide, India maybe at risk

IT experts identified the virus as "Petrwrap", a modified version of the Petya ransomware which hit last year and demanded money from victims in exchange for the return of their data.

published on : 27th June 2017

All you need to know about Ransomware and how to protect your systems

The attacking tool is believed to be ransomware of the so-called Petya malware type, which earlier affected firms in Russia including oil giant Rosneft and Ukraine. Here's how you protect your system

published on : 27th June 2017

Cash-strapped Venezuela negotiating Russian help for PDVSA debt payments: Sources

Venezuela's leftist government has grown increasingly close to Russia's Vladimir Putin.

published on : 1st April 2017