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Author Articles
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.
Tesla Shanghai Plant Plans To Make Less Than 200 Cars On Tuesday - Report
Tesla Inc will run part of its production lines at the Shanghai plant to produce less than 200 vehicles on Tuesday.
G7 Can Spearhead Climate Fight By Agreeing To Phase Out Coal, Germany Says
The Group of Seven countries can spearhead the fight against climate change and accelerate a pivot away from fossil fuels by agreeing to phase out coal power generation, Germany's economy minister Robert Habeck said.
Startups Apply Artificial Intelligence To Supply Chain Disruptions
Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries.
GTA Publisher Take-Two Signals Drop In Demand From Pandemic Highs
Take-Two Interactive Software became the latest U.S. gaming company to forecast annual sales below estimates, as demand starts to plateau in a post-pandemic world.
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 now total some $13 billion.
Car Tech Firm ECARX To Go Public In $3.8 Billion Blank-Check Deal
ECARX Holdings said it would go public through a merger with a blank-check firm in a deal that values it at $3.82 billion.
Volkswagen CEO Sees Production Rebound
Volkswagen CEO Herbert Diess said he sees "clear improvement" in semiconductor supplies and expects the automaker's global production can recover during the rest of this year.
U.N. Seeks $144 Million To Offload Decaying Yemen Oil Tanker
David Gressly, the UN Resident and Humanitarian Coordinator for Yemen, said he hoped a donors conference held with the support of Netherlands in the Hague would quickly mobilise funds to avert a catastrophe on the Red Sea coast and its region.
Oil Settles Mixed Amid Beijing Lockdown Fears, Tight Supplies
A pending European Union ban on oil from Russia, a key supplier of crude and fuels to the bloc, is anticipated to further tighten global supplies.
Russia Jumps To 4th Position As Oil Supplier To India
Russia's share in India's oil purchases rose to a record 6%, about 277,000 barrels per day (bpd) in April, up from about 66,000 bpd in March, when it was in 10th position, according to the data, which was supplied by trade sources.
Tesla Rules Out Manufacturing Or Even India Entry Without Sops
Responding to a Twitter user, Tesla CEO Elon Musk, said that Tesla will not put up a manufacturing unit in any location unless it is allowed to sell and service cars first. But the Indian govt. hasn't stopped the company from selling fully imported cars in India.
India To Launch 20% Ethanol-Mixed Gasoline In Some Parts From April: Report
Hit hard by rising oil prices, India has expedited efforts to boost local output of oil and a transition to alternative fuels to cut its import bill. The source said India has been mixing about 10.5% ethanol with gasoline for the last three months.
India's April Crude Oil Imports At 3-1/2 Year High On Cheap Russia Supply
Crude oil imports increased by about 9.7% from March and were up about 14.3% from a year earlier at 20.87 million tonnes, the highest since October 2018, according to Petroleum Planning and Analysis Cell data on Friday.
Nepal Raises Retail Fuel Price, Stoking Inflation Fears
State monopoly Nepal Oil Corporation (NOC) said in a statement that the price for one litre of petrol was raised 5.8% to 180 Nepali rupees ($1.45) from 170 rupees a week earlier.
Iraqi Kurdish Leader Says Rejects Federal Court Oil And Gas Ruling
Iraq's federal court has deemed an oil and gas law regulating the oil industry in Iraqi Kurdistan unconstitutional and demanded that Kurdish authorities hand over their crude supplies.
Norwegian Software Venture Targets Rising Cyber Attack Risks
Norwegian firms Telenor, Aker ASA and Cognite say a new software security company they plan to launch this year will help companies protect their industrial assets from an increased cyber attack risk since Russia's invasion of Ukraine.
Oil Edging Higher Supported By The Prospect Of A Tight Market
U.S. petrol stocks fell by 482,000 barrels last week to 219.7 million barrels, U.S. Energy Information Administration said on Wednesday. The start of summer driving season in the United States normally entails increased consumption.
Stellantis Boss Expects Chip Supply To Remain Tight This Year
"Semiconductor supply is still very short, the situation is very similar to that of 2021. I would say 2022 would not bring a major improvement," Chief Executive Carlos Tavares said at an event in Como to promote Alfa Romeo's new sport utility vehicle (SUV) , the Tonale.
EV Firm Atlis Plans U.S. Stock Market Listing Amid IPO Drought
Atlis is developing an electric truck that it says can match the towing and payload capabilities of diesel-powered vehicles and will be optimal for use in the agriculture, utility and construction industries.
