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EU, UK Hit Russia With New Sanctions

Financial Express Lucknow

|

July 19, 2025

Crimping Kremlin's Revenue

- Alberto Nardelli, Andrea Palasciano & Ellen Milligan

The UK joined the European Union's efforts to diminish Russia's revenues further by lowering the price cap on its crude oil, extending a broader push to pressure the Kremlin for continuing the war in Ukraine.

The cap on Russian oil, currently set at $60 per barrel, will be lowered to $47.60 on September 2, the UK government announced on Friday. The price caps of $100 on high-value refined oil products, such as diesel and petrol, and $45 on low-value refined oil products, such as fuel oil, remain unaffected.

Financial Express Lucknow से और कहानियाँ

Financial Express Lucknow

Want to make 4700BC ₹500-cr biz: Marico MD

MARICO IS LOOKING to scale up snack brand 4700BC—which it recently acquired from PVR Inox— to a ~500-crore business over the next three years, banking on rising premium in-home snacking and wider distribution, managing director and chief executive officer Saugata Gupta tells.

time to read

1 min

January 30, 2026

Financial Express Lucknow

CAPITAL COST A CHALLENGE

IMPROVE SELF-RELIANCE RATHER THAN SEEKING PROTECTIVE TRADE SHELTERS, SAYS SURVEY

time to read

2 mins

January 30, 2026

Financial Express Lucknow

L&T poised to exceed FY26 order growth guidance

L&T delivered order inflows of ₹1.36 lakh crore, up 17% YoY due to 26% jump in orders in the infrastructure segment

time to read

1 mins

January 30, 2026

Financial Express Lucknow

Quick commerce appetite bites into Swiggy’s profits

Instamart orders soar 103% YoY

time to read

1 mins

January 30, 2026

Financial Express Lucknow

US trade deficit gap widens

THE US TRADE deficit widened in November from the lowest level since 2009 as imports rebounded and exports fell, highlighting wide monthly swings in response to Trump administration’s vacillating tariffs.

time to read

1 min

January 30, 2026

Financial Express Lucknow

Indices gain for 3rd straight day

SHARES ROSE FOR the third straight session on Thursday as upbeat commentary in the Economic Survey lifted the sentiment ahead of the Budget.

time to read

1 min

January 30, 2026

Financial Express Lucknow

Adani eyes $1.5-bn yen debt

ADANI GROUP IS seeking to raise as much as $1.5 billion worth of yen-denominated debt in the next year and a half, in a bid to diversify its financing, according to sources.

time to read

1 min

January 30, 2026

Financial Express Lucknow

Rupee breaches 92

THE RUPEE ON Thursday breached the 92-level for the first time, pressured by dollar demand linked to the maturity of non-deliverable forward positions, corporate hedging, global uncertainty and foreign funds outflow.

time to read

1 min

January 30, 2026

Financial Express Lucknow

ONGC plans global tender to dilute stake in OPaL

STATE-RUN OIL and Natural Gas Corporation (ONGC) plans to issue a global tender to dilute its stake in petrochemicals subsidiary ONGC Petroadditions (OPaL), as part of the government’s asset monetisation programme, a senior company official said at India Energy Week 2026.

time to read

1 min

January 30, 2026

Financial Express Lucknow

Gold investment demand up 73%

AT A TIME when the overall demand for gold fell 11% to 710.9 tonne in 2025, the total value of gold held by Indian households have risen to a whopping $6 trillion.

time to read

2 mins

January 30, 2026

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