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Author Articles
Tesla Cut From S&P 500 ESG Index, And Elon Musk Tweets His Fury
An S&P Dow Jones Indices executive told Reuters on Wednesday it has removed electric carmaker Tesla Inc from the widely followed S&P 500 ESG Index because of issues including claims of racial discrimination and crashes linked to its autopilot vehicles
Oil Edges Higher On Tight Supply, Rising U.S. Refining Activity
Brent crude futures for July settled up 47 cents to $114.03 a barrel, while U.S. West Texas Intermediate (WTI) crude for July delivery ended up 56 cents to $110.33 a barrel.
France Sanguine Differences Over EU Ban On Russian Oil Will Be Resolved
France's new foreign minister said she was optimistic that those still opposed to a new European Union sanctions package that would phase out Russian oil imports to the bloc could be convinced and that the bloc would reach a deal.
Tata Motors Gets Nod From Gujarat Government To Takeover Ford's Sanand Plant - Report
Tata Motors Plans to manufacture 2 lakh EVs annually at the Sanand plant by the year 2026.
Oil Steadies After Choppy Trade, U.S. Says Export Ban Not Ruled Out
Oil prices steadied on Tuesday after choppy trade as tight supply worries offset concerns over a possible recession and China's COVID-19 curbs.
Hungary Says Its Backing Of EU's Russia Oil Ban Hinges On Hundreds Of Millions Of Dollars
Hungary upped the stakes in talks about European Union oil sanctions on Wednesday, saying a deal was out of reach until Brussels offers a "solution" measured in hundreds of millions of dollars to replace Russian oil in the Hungarian economy.
Indian Government In Talks With Russian Over Cut-Price Oil Deal - Report
India is in talks with Russia over a deal to buy oil at discounted rates, the chairman of India's state-run Hindustan Petroleum Corp. said on Thursday, at a time when much of the West is shunning Russian crude over the conflict in Ukraine.
India's Crude Oil Imports Rise In March On Demand Recovery
India's crude imports rose about 4.2% in March to 19.03 million tonnes from a year earlier, government data showed on Monday, as consumption picked up in the world's third-largest oil importer after COVID-19 curbs were eased.
Enough Nickel, Lithium For 14 Million EVs In 2023 - Report
Automotive consultancy LMC has forecast global EV sales will hit 9 million in 2023 and 14.2 million in 2025.
Auto Parts Maker Aptiv Joins Rivals To Flag Earnings Hit From China Lockdowns
Aptiv has a "heavy presence" in Shanghai, a city that has been under strict lockdowns due to surging COVID-19 cases.
Uber To Cut Costs, Slow Down Hiring, CEO Tells Staff
The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc
Factbox - South Korean EV Battery Makers In $13 Billion Spree To Win U.S. Market
South Korean battery makers have stepped up their U.S. investment ambitions and cumulative spending announcements since 2018
Indian Shares Fall As Metals Tumble; Automobiles Help Cap Losses
India announced a series of changes to the tax structure levied on fuel and crucial commodities in a bid to help fight surging inflation.
Japan's Subaru To Build Its First Electric Vehicle Factory
Subaru plans to launch a mixed-production line of gasoline and electric vehicles around 2025 before opening an EV-only production line in the new factory after 2027
Ather Energy Says Damaged E-Scooter Due To Accident Caused Short-Circuit, Fire
Upon investigating a fire in the Ather Energy dealership in Chennai, Ather has pinned the cause to a crack in the battery casing of the vehicle, which was caused by an earlier accident. No injuries were reported.
Nigerian Entrepreneur Builds Electric Mini-Buses In Clean Energy Push
Nigerian entrepreneur Mustapha Gajibo is now building solar battery-powered buses from scratch in a push to promote clean energy and curb pollution.
CATL Planning EV Battery Production In United States, Vetting Sites - Report
CATL, the world's largest battery maker, is in the final stages of vetting sites in the United States to build electric vehicle batteries.
Varroc Engineering To Sell Europe, Americas 4-Wheeler Lighting Business For $631 Million
Varroc, which will retain its 4-wheeler lighting operations in Asia, said it will continue to operate its China joint venture and its other businesses in countries such as Italy, Vietnam, Poland and Romania.
Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies
Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.
Mahindra Releases Q4 FY2022 Results: Reports 28% Growth In Revenues
During Q4 FY2022, Mahindra sold a total of 2,24,262 units, with 8,06,551 units sold over the duration of FY2022.
