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NAYARA BANK
PM Modi’s high stakes push for sovereign AI faces reality checkIndia is striving to build its own artificial intelligence capabilities, aiming for self-reliance and global export. However, the nation fa...- Tanker carrying Iran crude signals India after 7-year import gapA US-sanctioned tanker carrying Iranian crude is heading to India, potentially marking the country’s first such import since 2019 after it ...
- Sanctions-hit Nayara scrambles to sustain operations, with govt's helpNayara Energy, a Russian-owned refinery, is navigating significant challenges following EU sanctions. The Indian government is providing su...
- India clears ships for Nayara's domestic fuel supply; dollar trade restrictions persistIndian authorities have permitted EU-sanctioned Nayara Energy to utilize foreign ships for domestic fuel transport. However, overseas trade...
- UCO Bank gets approval to work with sanctioned refiner NayaraUCO Bank, an Indian lender, has received government approval to facilitate trade payments for Nayara Energy, which was sanctioned by the EU...
- Crude shock: Sanctions choke non-Russia oil flow to NayaraNayara Energy faces challenges due to sanctions. Crude imports are down, impacting refinery operations. Fuel exports have decreased, leadin...
- Sanctions choke crude shipments to Indian refiner NayaraNayara Energy faces significantly reduced crude imports this month due to EU sanctions, impacting refinery operations and product exports. ...
- SBI halts Nayara transactions over US tariffs, sanctions riskState Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following...
- Indian refiner Nayara seeks new local bank after EU sanctionsNayara Energy, part-owned by Russia's Rosneft, is seeking government assistance to establish a relationship with a domestic lender like UCO...
- Essar Group seeks $350 million from Russia-backed Nayara in brand pact: SourcesEssar, built by brothers Shashi and Ravi Ruia, sold Essar Oil to a group backed by Russian oil major Rosneft for about $13 billion in 2017 ...
- Exclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sourcesExclusive-Major traders, banks cut business ties with Russia-backed Indian refiner -sources
- Major traders, banks cut business ties with Russia-backed Indian refiner Nayara Energy: SourcesNayara per se has not been sanctioned as part of the international response to what Russia calls its "special military action" against Ukra...
- Russia-backed Indian refiner Nayara Energy posts record profitRefiners in India, which rarely used to buy Russian oil due to high freight costs, are snapping up Russian oil since late February after so...
- Bondholders stare at mark-to-market losses after Nayara Energy downgradedTwo sets of Nayara bonds were outstanding worth Rs 2,542 crore, according to Prime Database. Those were sold in December 2020 and August 20...
- Russia-linked Indian refiner put under credit watch, CARE Ratings saysThe rating agency however said Nayara is not at present impacted by western sanctions against Russia as it buys oil from producers in the M...
- Sanctions may delay Rosneft's India ops expansionRosneft owns a 49% stake in Nayara Energy, which operates a 20 million tonnes a year refinery in Gujarat and more than 6,000 fuel retail ou...
- Nayara Energy ties up Rs 4,000 crore in funding for petrochemical projectThe company plans to use the funds to set up a 450,000 tonnes per annum polypropylene plant at its Vadinar refinery in Gujarat, Nayara said...
- Nayara Energy achieves financial closure for foray into petrochemical bizIn 2019, Nayara Energy had first announced its plans to expand into petrochemicals at the Vibrant Gujarat Summit. "The company signed a fin...
- Nayara Energy likely to raise up to Rs 2,500 cr“Discussions are on as the company is looking to raise in the range of Rs 1,500-2,500 crore,” said one of the persons cited above.
- Nayara Energy raises $750 million via offshore loanThe erstwhile Essar Oil was sold in August 2017 to Rosneft and Trafigura.
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