Russia-backed Nayara taps Indian IT firm as Microsoft suspends service, sources say
By Nidhi Verma
NEW DELHI, July 29 (Reuters) - Russia-backed Indian refiner Nayara Energy, recently sanctioned by the European Union, has turned to domestic firm Rediff.com after tech giant Microsoft MSFT.O suspended services, three sources familiar with the matter said.
Nayara, which has condemned the sanctions, said on Monday it had filed a case against U.S.-based Microsoft in the Delhi High Court over its withdrawal of services.
The sources spoke on condition of anonymity as they were not authorised to speak to media.
Nayara and Rediff did not immediately respond to requests for comment.
Incorporated in 1996, Rediff India, headquartered in the commercial capital of Mumbai, aims to provide world-class online consumer service offerings, from news and email to an online shopping marketplace, the company says on its website.
Related Articles
UK July GDP Commentary: Can GBP Break Through Its Current Fluctuation?
After considering multiple factors, given the evident weakness on both sides of this currency pair, we expect the GBP/USD exchange rate to maintain its current fluctuation trend in the short term.
[Reuters Breakingviews] China has yet to win the global power struggle
By Hugo Dixon LONDON, Sept 14 (Reuters Breakingviews) - Back-to-back spectacles this month may have given the impression that Beijing’s superpower struggle with the United States is all but over. First, India’s Narendra Modi and Vladimir Putin of Russia held hands as they walked to meet Xi Jinpin
Apple's New Products May Help the Stock, but Services Matter Most Heading Into Fiscal 2026
Key PointsApple's latest iPhones and wearables refresh the lineup, but the higher-margin services business is doing the real heavy lifting.Services now account for close to one-third of the tech giant's revenue, with materially higher margins than hardware.The stock's premium valuation means the inv
Investing in Specialized Real Estate
TradingKey - Niche assets like data centers, logistics, healthcare, and cold storage thrive on structural drivers, not traditional property cycles Specialized real estate benefits from secular trends like digitalization, demographics, and supply chain innovation
Fed to Cut Rates: All Asset Prices Up!
TradingKey - The Federal Reserve is almost certain to restart its interest rate cut cycle on 17 September this year. After in-depth research, we have concluded that cryptocurrencies, the broader U.S. stock market, and short-term U.S. Treasury bonds will all go up.
