Brent crude oil may hit $80 per barrel: Indian refiners may struggle – how will unavailability of Russian oil impact prices? | India Business News

[ad_1] Brent crude prices could climb to $80 per barrel in the coming months amid escalating tensions between the United States and Russia, predicts oil market analysts. The forecast came after US President Donald Trump issued a deadline for Russia to end the war in Ukraine, threatening additional sanctions and secondary tariffs of up to…

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Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports | India Business News

[ad_1] Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of petrol and diesel after Western sanctions on Russia’s oil and energy sector, according to a senior industry official, reported Economic Times.Nayara Energy is India’s…

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Amid Trump tariff threat, PM Modi pledges to protect farmers, MSMEs & youth | Lucknow News

[ad_1] VARANASI: Amid the tariff stalemate with the USA, Prime Minister Narendra Modi on Saturday sent a strong message to the world that protecting India’s economic interest was paramount.Speaking in his parliamentary constituency on Saturday, the PM emphasised that the “top priority of the government remains the welfare of farmers, small industries and employment for…

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Trump’s tariff reset: From Canada to Laos, even dealmakers face higher costs as legal fight brews; US allies & rivals hit with steep import taxes

[ad_1] US President Donald Trump’s sweeping new tariff regime, set to take effect August 7, has triggered a wave of economic disruption across the globe, from low-income nations like Laos and Algeria to wealthy trade partners such as Canada and Switzerland.Under the new policy, countries face steep new import duties unless they agree to revised…

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Trump tariff drag on Warren Buffett’s business: Berkshire Hathaway profit halves after $3.76bn Kraft Heinz writedown; Q2 net slips to $12.37bn from $30.25bn YoY

[ad_1] Warren Buffett’s Berkshire Hathaway reported a sharp 59% drop in second-quarter profit to $12.37 billion, hit by a $3.76 billion writedown on its investment in Kraft Heinz as the food company reconsiders undoing its 2015 merger.The company earned $8,601 per Class A share in the June quarter, down from $21,122 per share, or $30.25…

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Mahindra-SML deal: M&M acquires 58.96% in SML Isuzu for Rs 555 crore, renames it SML Mahindra

[ad_1] Mahindra & Mahindra Ltd (M&M) on Saturday said it has completed the acquisition of a 58.96% controlling stake in commercial vehicle maker SML Isuzu Ltd from Japan’s Sumitomo Corporation and Isuzu Motors for Rs 555 crore.Following the buyout, the company has been renamed ‘SML Mahindra Ltd’, M&M said in a statement. The reconstituted board…

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