Microsoft suspends services to Nayara, co sues firm in Delhi High Court
'Nayara Energy has initiated legal proceedings against Microsoft following the abrupt and unilateral suspension of critical services. Microsoft is currently restricting Nayara Energy's access to its own data, proprietary tools, and products – despite these being acquired under fully paid-up licences," the company said in a statement.
The European Union earlier this month imposed sanctions on Nayara as part of a new raft of measures against Russia over its war with Ukraine.
Rosneft owns a 49.13 per cent stake in Nayara Energy Ltd, formerly Essar Oil Ltd. Nayara owns and operates a 20 million tonnes a year oil refinery at Vadinar in Gujarat, as well as over 6,750 petrol pumps.
An investment consortium SPV, Kesani Enterprises Company, holds another 49.13 per cent stake in Nayara. Kesani is owned by Russia's United Capital Partners (UCP) and Hara Capital Sarl, a wholly-owned subsidiary of Mareterra Group Holding (formerly Genera Group Holding S.p.A.).
'This decision, based solely on Microsoft's unilateral interpretation of recent European Union (EU) sanctions, sets a dangerous precedent for corporate overreach and raises serious concerns regarding its implications on India's energy ecosystem," Nayara said.
The firm said it has filed a petition before the High Court of Delhi seeking an interim injunction and resumption of services to safeguard its rights and ensure continued access to essential digital infrastructure.
'These steps are aimed at preventing any potential disruption to Nayara's ability to meet its obligations to Indian consumers and stakeholders," it said.
The firm went on to state that while the sanctions originate exclusively from the EU, Microsoft – a US-headquartered corporation – has chosen to withdraw services from Nayara Energy without any legal requirement to do so under US or Indian law.
'This action has been taken unilaterally, without prior notice, consultation or recourse, and under the guise of compliance. Such moves signal a worrying trend of global corporations extending foreign legal frameworks into jurisdictions where they have no applicability," it said.
Nayara Energy said it is a vital contributor to India's energy security, accounting for approximately 8 per cent of the country's total refining capacity, 7 per cent of its retail petrol pump network.
'Despite these external challenges that Nayara Energy is currently facing, we remain fully committed to ensuring uninterrupted service and supply to India's energy demands," the statement said. 'All of Nayara Energy's operations are fully compliant with Indian laws and regulations, and the company remains in regular engagement with Indian authorities to ensure transparency and accountability.
Nayara said it primarily caters to the domestic market through India's largest private fuel retail network, institutional sales, and partnerships with other Oil Marketing Companies (OMCs). The company is also investing in petrochemicals and clean energy, creating thousands of direct and indirect employment opportunities across India. PTI ANZ ANZ MR
view comments
First Published:
July 28, 2025, 19:15 IST
Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Fashion Value Chain
12 minutes ago
- Fashion Value Chain
Cricketer Shreyas Iyer Unveils SoBo Mumbai Falcons Yoddhas Jersey and Flags Off 13 Player Contracts to Empower Emerging Talent
National cricket sensation Shreyas Iyer today unveiled the official jersey of SoBo Mumbai Falcons Yoddhas for Upcoming Pro Govinda League Season 3, marking not just the start of a new season but a bold leap in India's evolving sports landscape. At the heart of this initiative lies a bigger purpose – a deep commitment to nurturing talent, elevating traditional formats, and pushing the boundaries of Indian sport. Cricketer Shreyas Iyer unveils the SoBo Mumbai Falcons Yoddhas jersey with team owners Ameet H Gadhoke & Pratik Thakur, joined by Kshitij Thakur, Hitendra Thakur & dignitaries While the Mumbai Falcons have already made headlines by reaching the T20 Mumbai League finals, they are now expanding their legacy beyond the boundary ropes. Iyer, who recently led his team to the IPL final, presented the first player contract to members of the Mumbai Falcons' Club and Corporate team, as part of a first-of-its-kind official contract ceremony – a significant step toward professionalizing homegrown formats and recognizing untapped potential. 'I'm proud to be associated with the Mumbai Falcons. This isn't just about sport – it's about identity, teamwork, and creating pathways for those who give their all,' said Shreyas Iyer. 'Some of our richest traditions demand as much discipline and skill as mainstream sports, and it's time they get their due.' The launch included a limited reference to the upcoming indigenous league season, where the yoddhas will complete under their new colours. However the days larger highlight was the announcement of 13 official player contracts, set to be rolled out tomorrow – selected purely on merit and performance, cutting across team boundaries to support emerging athletes across the board. Mumbai Falcons' Vision: Building the Future of Indian Sport SoBo Mumbai Falcons are not just building a team they're shaping a movement. Beyond T20: A Continued Legacy The Mumbai Falcons are redefining regional franchise models by investing in long-term athlete development, infrastructure, and high-performance environments. Contracts with Purpose The upcoming 13 contracts will offer unprecedented growth opportunities, extending to deserving individuals across different sporting disciplines – all based on pure merit. Professionalism at its Core By introducing structured contracts, Mumbai Falcons are infusing BCCI-level professionalism into newer formats, and offering world-class infrastructure and career support that rivals international systems. Setting a National Benchmark With this approach, SoBo Mumbai Falcons are becoming a blueprint for regional sporting success from cricket to culturally rooted formats offering genuine growth paths for athletes. Mumbai Falcons Yoddhas Co-owner, Pratik Thakur said, 'Whether it's Racing, cricket or cultural formats, our aim is simple to build systems that recognise skill, promote discipline, and reward perseverance. Our youth need belief, support, and structure. Mumbai Falcons are here to provide all three.' The Mumbai Falcons' evolving role in India's sporting story goes beyond seasonal wins it reflects a long-term investment in the spirit of competition, community, and culture, extending all the way to the global stage through their international racing team competing in world motorsport championships.
NDTV
12 minutes ago
- NDTV
Who Is Shailesh Jejurikar, Next CEO Of Procter & Gamble
Indian-born executive Shailesh Jejurikar will take over as the Chief Executive Officer of American Fast-Moving Consumer Goods (FMCG) giant, Procter & Gamble, effective January 1, 2026. The 58-year-old, currently serving as Chief Operating Officer, will succeed Jon Moeller as President and CEO, the company announced. An alumnus of IIM Lucknow, Mr Jejurikar joins the elite league of Indian-origin leaders at the helm of global corporations. "Shailesh Jejurikar, currently Chief Operating Officer, will succeed Jon Moeller as Procter & Gamble's President and Chief Executive Officer, effective January 1, 2026. The Board has also nominated Jejurikar to stand for election as a Director at the annual shareholder meeting in October 2025," Procter & Gamble (P&G) said in a statement. Who Is Shailesh Jejurikar? Shailesh Jejurikar was born and raised in India, spending his early years in a rural area outside Mumbai. He completed his undergraduate studies in Bombay and went on to earn an MBA from the Indian Institute of Management (IIM) Lucknow, as per his Linkedin account. Mr Jejurikar joined Procter & Gamble in 1989 as an Assistant Brand Manager in India and steadily rose through the ranks with global stints across Africa, Asia, and North America. After roles in marketing and leadership across India, Kenya, and the US, he was promoted to General Manager in 2005 and became Vice President in 2008. By 2010, he was leading Home Care in North America. In 2014, he became President of Fabric Care, North America, and later took on global responsibilities. In 2019, he was named CEO of P&G's Global Fabric & Home Care - the company's largest business unit. Since 2021, he has served as Chief Operating Officer. Mr Jejurikar will become only the second non-US-born CEO of P&G since its founding in 1837, and among the few Indian-origin leaders heading a Fortune 500 company. The first was Netherlands-origin Durk Jager, who was appointed CEO in 1998. Shailesh Jejurikar serves as Chairman of the Cincinnati Center City Development Corp and is a Board Member at Otis Elevator Co, where he also chairs the Compensation Committee. He is also on the Board of The Christ Hospital. Previously, he was Vice Chairman of the American Cleaning Institute from 2014 to 2017 and served as a Trustee at Cincinnati Country Day School between 2012 and 2017.
Time of India
12 minutes ago
- Time of India
Singapore's STB signs pact with IndiGo to boost tourism and travel
The Singapore Tourism Board and IndiGo have partnered to promote tourism between Singapore and India, capitalizing on strong visitor numbers. This year-long agreement aims to leverage IndiGo's network to boost travel to Singapore, especially as India remains a top tourism source. IndiGo will also introduce its business class offering on key routes, enhancing connectivity and catering to growing demand. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The Singapore Tourism Board has signed an initial pact with domestic carrier IndiGo to boost tourism and travel between the two countries, a statement said on the year-long strategic pact, the two partners will promote the island-city nation as a leading leisure and business destination for Indian travellers and boost bookings through the airline's extensive network, it according to STB, remains one of Singapore's top three tourism source markets, building on its strong performance in collaboration is the first memorandum of understanding (MoU) with an Indian airline, and IndiGo's first with a national tourism the first half of 2025, Indian visitor arrivals exceeded 5,00,000, supported by excellent air connectivity, as per than 270 weekly flights connect Singapore to 15 Indian cities via Changi Airport."As we celebrate 60 years of India-Singapore diplomatic relations in 2025, our expanded collaboration with IndiGo and the launch of the year-long 'Untold Singapore' campaign positions us to harness the potential of India's dynamic travel market," said Melissa Ow, Chief Executive, Singapore Tourism leveraging IndiGo's extensive network and Singapore's diverse offerings, STB is set to capture the growing demand, she Gurugram-based airline plans to launch its tailor-made business class offering IndiGoStretch on flights connecting Singapore to Delhi and Mumbai, starting August 9, coinciding with Singapore's National Day, the statement with flights from 9 destinations and seamless connections across its network, IndiGo is well positioned to cater to growing demand on these routes, it added."There is great demand for existing connectivity between the two countries and potential for more. With flights from nine destinations and seamless connections across our network, we are well positioned to cater to growing demand on these routes, With our recent introduction of IndiGoStretch," said Pieter Elbers, Chief Executive Officer, IndiGo, said.
