Here’s What to Know About Trump’s 50% Tariffs on Brazil
Latin America’s biggest economy can weather the shock of a high tariff rate. But American coffee lovers and Brazilian ranchers are likely to feel the pain. Source link
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Maruti Suzuki profit marginally up in Q1
NEW DELHI: Maruti Suzuki on Thursday posted a marginal increase in consolidated net profit to Rs 3,792 crore for June quarter, with robust overseas shipments compensating for the drop in domestic sales. The country’s largest carmaker reported a net profit of Rs 3,760 crore in the April-June period of the previous fiscal year. Source link
Amazon Reports Strong Retail Demand, but Says Future Is Less Clear
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division. Source link
Government denies oil companies told to look outside Russia
NEW DELHI: Despite pressure from the US, govt has dismissed reports that it has asked refiners to stop purchasing Russian crude, which has emerged as the top source of petroleum for Indian refineries.Since the war erupted in Ukraine, Russia has become the favourite source of oil, especially for private refiners, thanks to the hefty discount…
Trump Demands That Drugmakers Lower Some of Their U.S. Prices by September
The administration has not put forward a clear legal authority to compel drugmakers to reduce their prices. Source link
Adani Enterprises profit falls 49% on weak coal business
Adani Enterprises Ltd, the flagship company of billionaire Gautam Adani’s group, reported a 49% decline in the June quarter profit as weak coal demand offset growth in the airport and mining units. The company posted a net profit of Rs 734 crore in Q1 FY26, compared to Rs 1,458 crore earnings in Q1 FY25. Source…
Apple Surprises Investors Worried That It Had Lost Its Touch
Despite recent criticism about its product outlook, the company reported strong sales of iPhones, Macs, iPads and services. Source link
JLR CEO steps down after 3 years at helm
Jaguar Land Rover CEO Adrian Mardell is leaving the Tata Motors-owned carmaker, as it grapples with higher US tariffs and a controversial makeover of the Jaguar brand. “Mardell has expressed his desire to retire from JLR after three years as CEO and 35 years with the company,” a spokesperson said A video last year teasing…
Countries Promise Trump to Buy U.S. Gas, and Leave the Details for Later
U.S. trading partners are committing to buy more gas than they need or than the U.S. can produce, at least in the short term. Source link
Trump tariff: ‘Muted’ impact on growth, may ‘hit exports’
Donald Trump (AP file photo) NEW DELHI: US President Donald Trump’s move to impose a 25% tariff on Indian imports from August 1 and an unspecified “penalty” for buying Russian oil and defence equipment is unlikely to have a major impact on India’s overall economic growth but short-term sentiment may be dented.Growth is expected to…