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India's Oil Import Bill Could Surge $9-11 Billion Amid US Pressure on Russian Crude
India faces potential $9-11 billion increase in annual oil import costs if forced to reduce Russian crude purchases due to US pressure. The US threatens 25% tariffs on Indian goods and additional penalties for buying Russian oil. India currently sources 35-40% of its crude from Russia, up from 0.2% before the Ukraine war. Major refiners like Reliance Industries and Nayara Energy are vulnerable. Shifting away from Russian oil could lead to higher import costs, reduced refinery margins, and increased compliance risks. The government may need to consider fuel subsidies, potentially straining finances.
India Maintains Russian Oil Purchases Despite External Pressure
Bank of England Poised to Cut Rates to 4% Despite Inflation Surge
Modi Urges 'Buy Local' Amid US Tariffs and Global Economic Uncertainty
Berkshire Hathaway Takes $3.8 Billion Hit on Kraft Heinz Stake
Trump's Tariff Strategy Reshapes Global Trade, Impacting Nations and US Consumers
Microsoft Hits $4 Trillion Market Cap, Highlighting Growing Economic Concentration
Trump's 25% Tariff Proposal on Indian Exports: Limited Economic Impact Expected
US-China Trade Deal in Sight, Treasury Secretary Bessent Expresses Optimism
India Denies Halting Russian Oil Imports Despite Trump's Claims
Indian Markets Slide 1% in Fifth Consecutive Weekly Decline Amid US Tariff Concerns
Apple's Tim Cook Rallies Staff: AI Revolution 'Ours to Grab'
Central Banks Slow Gold Purchases in Q2, Yet Remain Above Historical Average
Moscow Exchange Dips Amid US-Russia Submarine Tensions
US Slaps 25% Tariff on Most Indian Goods, Spares Pharma and Tech Sectors
Figma's IPO Skyrockets 250%, Marking Largest First-Day Gain in Decades
Trump Dismisses Bureau of Labor Statistics Chief Following Weak Jobs Report
Tesla Hit with $243 Million Verdict in Fatal Autopilot Crash Case
Trump Claims India May Halt Russian Oil Purchases, Announces Tariffs on Indian Exports
U.S. Stocks Plunge on New Tariffs and Weak Jobs Data
Global Financial Developments: Trade Tensions, Fed Decision, and Corporate Earnings
Federal Reserve Governor Kugler Submits Resignation to President Biden
Tesla Hit with $329 Million Verdict in Fatal Autopilot Crash Case
US Tariff Hike to Slash Indian Shrimp Exports by 7-9%, Crisil Reports
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Decathlon India Aims for Rs 8,000 Crore Revenue by 2030 with Ambitious Expansion Plans
Decathlon India aims to achieve nearly $1 billion in sales over the next five years through double-digit annual revenue growth and significant expansion. The company plans to increase its presence from 132 stores in 55 cities to over 90 cities by 2030, opening 10-15 new stores annually. Decathlon is focusing on localization, increasing local sourcing to 70% with a goal of 90% by 2030. The retailer is expanding its product portfolio and implementing an omnichannel strategy. Decathlon has also introduced a circular business model including repair services, refurbished products, and equipment buyback programs.
Zuari Industries Secures Interim Relief on Denatured Alcohol Export Fees in Uttar Pradesh
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Lloyds Engineering Subsidiary Secures Rs 16.31 Crore Railway Escalator Contract
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