financetom
Business
financetom
/
Business
/
Russia-backed Nayara taps Indian IT firm after Microsoft suspends service, sources say
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russia-backed Nayara taps Indian IT firm after Microsoft suspends service, sources say
Jul 29, 2025 1:31 AM

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 the U.S.

tech giant Microsoft ( MSFT ) suspended IT services, three

sources familiar with the matter said.

Nayara, which has condemned the sanctions, said on Monday it

had filed a case against Microsoft ( MSFT ) in the Delhi High Court over

its withdrawal of services.

Nayara, a major buyer of Russian oil that is 49% owned by

Russian oil major Rosneft, has struggled with

disruptions since coming under European Union sanctions this

month targeting Russia over its war in Ukraine, including

trimming refinery runs.

Sources told Reuters that since last Tuesday, Microsoft ( MSFT )

had halted services for Nayara, and that employees' Outlook

email and Teams messaging accounts had not been working.

The Rediff.com service can facilitate communications

among Nayara employees but cannot retrieve data and previous

emails stored on Microsoft's ( MSFT ) cloud, sources said.

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.

Mumbai-based Rediff offers online consumer services and also

provides cloud-based email services for businesses.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Academy Sports and Outdoors Board Approves $700 Million Share Buyback Program; Stock Rises After Hours
Academy Sports and Outdoors Board Approves $700 Million Share Buyback Program; Stock Rises After Hours
Dec 4, 2024
05:13 PM EST, 12/04/2024 (MT Newswires) -- Academy Sports and Outdoors ( ASO ) said late Wednesday its board approved a new $700 million share repurchase program, effective for a three-year period. The company said its previous buyback program, which had $423 million remaining, was replaced. Academy Sports' board kept its quarterly cash dividend at $0.11 per share, payable Jan....
Walmart Insider Sold Shares Worth $277,419, According to a Recent SEC Filing
Walmart Insider Sold Shares Worth $277,419, According to a Recent SEC Filing
Dec 4, 2024
05:09 PM EST, 12/04/2024 (MT Newswires) -- John D Rainey, Executive Vice President, on December 02, 2024, sold 3,000 shares in Walmart ( WMT ) for $277,419. Following the Form 4 filing with the SEC, Rainey has control over a total of 375,165 shares of the company, with 375,165 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/104169/000112760224028654/xslF345X05/form4.xml ...
Adeia, Sharp Renew Media IP Licensing Agreement
Adeia, Sharp Renew Media IP Licensing Agreement
Dec 4, 2024
05:13 PM EST, 12/04/2024 (MT Newswires) -- Adeia ( ADEA ) late Wednesday said Sharp has renewed its global license, ensuring continued access for the consumer electronics seller to Adeia's ( ADEA ) media intellectual property portfolio. The companies, which have partnered for around 25 years, did not provide financial terms or other details for the multi-year agreement. ...
Globe Life Insider Sold Shares Worth $1,560,179, According to a Recent SEC Filing
Globe Life Insider Sold Shares Worth $1,560,179, According to a Recent SEC Filing
Dec 4, 2024
05:09 PM EST, 12/04/2024 (MT Newswires) -- Frank M Svoboda, Director, Co-Chairman & CEO, on December 03, 2024, sold 14,340 shares in Globe Life ( GL ) for $1,560,179. Following the Form 4 filing with the SEC, Svoboda has control over a total of 163,225 shares of the company, with 16,396 shares held directly and 146,829 controlled indirectly. SEC Filing:...
Copyright 2023-2026 - www.financetom.com All Rights Reserved