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13.01.26 - 13:42
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Russian oil trade: India slips to third-largest buyer in December (Times of India)
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India has slipped to third place in Russian fossil fuel imports for December 2025, with Reliance Industries and state refiners significantly cutting crude oil purchases. Turkiye now ranks second, while China remains the top buyer. This shift follows new US sanctions on Russian oil producers, impacting India's previously high reliance on discounted Russian crude....
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27.11.25 - 13:42
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Reliance Venture to Build $11 Billion AI Data Center in India (Bloomberg)
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Digital Connexion, a joint venture between Mukesh Ambani's Reliance Industries Ltd., Brookfield Asset Management Ltd. and Digital Realty Trust Inc. has signed a pact to invest $11 billion by 2030 for developing a data center in southern India, marking the latest investment in one of technology's fastest-growing arenas....
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21.11.25 - 01:01
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India′s Reliance To Stop Processing Russian Oil At Giant Jamnagar Refinery (ZeroHedge)
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India's Reliance To Stop Processing Russian Oil At Giant Jamnagar Refinery
India's Reliance Industries said it would stop processing Russian oil at part of its giant Jamnagar oil refinery as US sanctions force the company to shy away from dealings with Moscow, Bloomberg reported.
The export-focused part of the refinery took its last shipment of Russian crude on Thursday, the company said in statement adding that some purchases bought before the US put sanctions on Russia's two largest oil companies would discharge at another part of the facility.
Starting Friday, four of Russia's top producers - accounting for as much as 80% of the country's exports to India - are under sanction, leaving counterparties at risk of secondary sanctions.
Reliance's plant at Jamnagar can process more than 1.4 million barrels a day of crude and in turn supply products to both the domestic market and overseas.
Jamnagar refinery at night
In a sign that Trump's sanctions on Russian oil may finally be wor...
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20.11.25 - 10:12
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India Conglomerate Bajaj′s Investment Arm Hires CIO from Kotak (Bloomberg)
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The alternative investment management arm of the Bajaj Group, one of India's oldest conglomerates, hired a chief investment officer from Kotak Alternate Asset Managers Ltd, according to people familiar with the matter, underscoring an intensifying talent battle in the $169 billion asset management industry....
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12.11.25 - 21:03
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US Sanctions Push Indian Refiners Away From Russian Crude (ZeroHedge)
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US Sanctions Push Indian Refiners Away From Russian Crude
By Charles Kennedy of OilPrice.com
All but two Indian refiners have skipped placing orders for Russian crude for December after the U.S. sanctioned Russia's top oil producers, Rosneft and Lukoil, sources with knowledge of the purchases told Bloomberg on Tuesday.
India's refiners, which have come to rely on cheap Russian crude in the past three years, have withdrawn from the December purchasing window which typically closes by November 10.
Five large refiners, including state-owned Bharat Petroleum Corporation Limited (BPCL), Hindustan Petroleum Corporation Limited (HPCL), and Mangalore Refinery and Petrochemicals Limited (MRPL), and private firms Reliance Industries Ltd and HPCL-Mittal Energy Ltd, have not requested any Russian crude for December.
Combined, these five firms have imported two-thirds of all Russian crude oil into India year to date, according to Kpler data cited by Bloomberg.
Only India's biggest state-held...
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