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OVL seeks legal help as US curbs hit Russian oilfield with Indian stake
October 27, 2025
|Financial Express Chandigarh
ONGC VIDESH LTD (OVL) has sought legal opinion after the US imposed sanctions on a Russian oilfield in which a consortium of Indian companies holds a 49.9% stake, sources said.
US President Donald Trump on October 22 announced new sanctions against two of Russia's largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow into ending its war with Ukraine.
As part of these, the US Department of the Treasury's Office of Foreign Assets Control (OFAC) designated a number of Russia-based Rosneft and Lukoil subsidiaries in which they, directly or indirectly, held a 50 percent or more stake.
هذه القصة من طبعة October 27, 2025 من Financial Express Chandigarh.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Financial Express Chandigarh
Financial Express Chandigarh
NCLT clears Flipkart's shift from Singapore to India
THE NATIONAL COMPANY Law Tribunal (NCLT) has approved Flipkart's longpending proposal to shift its domicile from Singapore to India, clearing a critical regulatory hurdle as the Walmart-owned e-commerce major readies itself for a domestic public listing.
1 mins
December 16, 2025
Financial Express Chandigarh
Growth over last decade has been broad-based: FM
ACTUAL HOUSEHOLD CONSUMPTION data point to a decisive shift in India's growth trajectory, with the bottom 40% (B40) of the population accumulating wealth and assets far faster than the top 20% (T20), driving a sharp compression in inequality, Finance Minister Nirmala Sitharaman said on Monday.
1 min
December 16, 2025
Financial Express Chandigarh
Govt holds road shows for share sale in GIC
THE GOVERNMENT HELD road shows in London to assess investor interest for a minority stake sale in General Insurance Corp (GIC), two government sources familiar with the matter told Reuters.
1 min
December 16, 2025
Financial Express Chandigarh
Navi Mumbai airport may add 3rd runway
Feasibility study launched by CIDCO to assess rising air traffic in MMR
1 min
December 16, 2025
Financial Express Chandigarh
ICICI Pru AMC IPO fully booked on Day 2
THE INITIAL PUBLIC offering of ICICI Prudential Asset Management Company, an arm of the ICICI Bank, was fully subscribed on the second day of share sale on Monday, led by institutional investors.
1 min
December 16, 2025
Financial Express Chandigarh
Rupee slides to another record low
THE RUPEE'S DOWNWARD slide continued on Monday, ending at a new low of 90.73 against the dollar—down 31 paise—on weak market sentiment.
1 min
December 16, 2025
Financial Express Chandigarh
Nov wholesale inflation stays in negative zone
WHOLESALE PRICE INFLATION remained in negative territory for the second consecutive month in November, primarily due to a decrease in the prices of food articles, mineral oils, crude petroleum & natural gas, basic metals and electricity, the government data released on Monday showed.
1 mins
December 16, 2025
Financial Express Chandigarh
Create more space to let solar power flow
Solar power is auctioned almost every fortnight and developers are actively securing capacity, so boosting transmission network is crucial to reap benefits
3 mins
December 16, 2025
Financial Express Chandigarh
AIRBEA CALLS FOR ADEQUATE SUPPLY RBI union flags small value notes crunch
HIGHLIGHTING CONCERNS OVER an acute shortage of small denomination currency notes in the country, the All India Reserve Bank Employees Association (AIRBEA) has urged the Reserve Bank of India (RBI) to ensure adequate supply of these notes.
1 mins
December 16, 2025
Financial Express Chandigarh
Rural jobs scheme reloaded
THE RENAMED AND updated MGNREGA seeks a complete overhaul of the 2-decade-old programme to curb rampant leakages. A look at the key changes
1 min
December 16, 2025
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