Fri, Jul 5, 2024 7:42 PM
Bank of Baroda to raise ₹7,500 crore via debt instruments
A Flip by Shubhangi Gupta
G7 sanctions aimed at reducing Russian petrodollars have not driven up the cost of delivering Russian oil, with the price of delivering Urals crude to Asia from Russia's Black Sea port falling to its lowest since October. The cost has dropped to $7.2 million per million-barrel cargo, with the theoretical cost attributable to sanctions plunging to $2.8 million.
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BlackBuck's valuation has been marked down ahead of its planned initial public offering (IPO). The Indian startup, valued at $1 billion or more in 2021, had joined the prestigious unicorn club during a period of high investor interest in the Indian market. The markdown comes as a setback, impacting the company's financial worth, and raises concerns about its upcoming IPO.
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Warren Buffett's Berkshire Hathaway has invested heavily in three key stocks, which remain smart investments today. Coca-Cola, a 35-year holding, is valued at over $25 billion, with a 3% dividend yield. Occidental Petroleum, a newer addition, is valued at $16 billion, with potential for massive growth in carbon capture technology. Berkshire Hathaway itself is also a good investment, with a prof...
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