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Author Articles
China's Annual Auto Sales Climb For First Time Since 2017
Overall sales in the world's biggest car market rose 3.8% year-on-year, after monthly sales of 2.79 million vehicles in December brought total sales for 2021 to 26.28 million
BMW Brand Delivers Record 2.21 Million Vehicles In 2021
The BMW Group delivered 2.52 million vehicles, an 8.4% increase from last year.
U.S. Hybrid Electric Car Sales Hit Record Highs
U.S. sales of hybrid vehicle sales jumped 76% to 801,550 vehicles last year, accounting for 5% of U.S. light vehicle sales, according to data from analytics firm Wards Intelligence.
Dassault Systemes Raises Targets For 2022, Sets Out Succession Plan
French software maker Dassault Systemes on Wednesday raised its annual profit forecast and reported first-quarter earnings that topped estimates, boosted by its industrial and clinical trial businesses.
Tata's Air India Proposes To Buy AirAsia India
Tata Group-owned Air India has proposed to buy the entire equity share capital of low cost carrier AirAsia India, in which Tata has a majority stake, to merge into a single airline, according to an application with India's competition commission.
China Lockdowns Raise Earnings Risk For Chip Firms, Automakers, Industrials
Industrial firms including GE, chipmakers such SK Hynix and automaker Mercedes Benz warned that China's strict COVID-19 curbs were intensifying supply chain disruptions and raising uncertainty about the business outlook.
Oil Prices Fall 5% After IMF Cuts Growth Outlook
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
Analysis-Musk's Tweets Fuel Mining Industry's Hopes Of A Buyout By Tesla
Elon Musk's recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by some that the billionaire entrepreneur will instead opt for a buyout of an established mining company.
Tech Stocks Drag Indian Shares Lower; Infosys Hits 8-Month Low
Indian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment.
India's Russian Oil Purchases Since Ukraine Invasion More Than Double 2021 Total
India has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021.
Uber's Mideast Unit Says It's In Talks With Saudi To Ease Ride-Hailing Restrictions
Uber Technologies Inc's subsidiary in the Middle East, Careem, says it is in talks with authorities in Saudi Arabia to ease restrictions, including those that have limited driver numbers and led to long waits for rides.
Oil Rises On News EU May Phase In A Ban On Russian Oil Imports
Oil prices settled higher after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.
Bajaj Auto Q4 FY 2022 Results: Net Profit Rises 10 Per Cent To Rs. 1,469 Crore
Despite a decline in domestic and overseas sales in the quarter, Bajaj reported highest ever annual turnover, and highest-ever annual exports in FY 2022.
CapitaLand, Rushowl Partner To Offer Last-Mile Transport At ITPG
Tie up will allow employees at the International Tech Park Gurgaon (ITPG) to book shared taxis and rickshaws to 3 nearby metro stations.
Mercedes-Benz C-Class Production Commences In India
New C-class will be launched in India on May 10 and will be available with a choice of petrol and diesel engines.
TVS Motor Company Signs MoU With Rapido To Promote Hyperlocal Mobility
The strategic partnership will allow the two companies to collaborate across topics of mutual interest to further deepen the commercial mobility ecosystem, a statement from TVS said.
Musk's Twitter Deal Could Test Tesla Executive Bench
Investors are uncertain how the move to buy Twitter could affect Tesla's performance if Musk's attention is further divided by the social media platform aside from SpaceX, Neuralink and the Boring Company.
China Dismisses Speculation It May Try To Influence Twitter Via Tesla
China's foreign ministry said there was no basis to speculation that Beijing could try to use leverage over Tesla Inc in order to influence Twitter
2022 Triumph Tiger 1200 India Launch Soon
New Tiger 1200 is expected to be available in GT Pro, GT Explorer, Rally Pro and Rally Explorer spec with a launch expected by end-May
Skoda Kushaq Monte Carlo Edition Spotted At A Dealer Yard Ahead Of Launch
The new Skoda Kushaq Monte Carlo Edition promises a major update for the SUV bringing several new features along with cosmetic upgrades.
