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Author Articles
Oil Traders To Cut Russian Oil Purchases From May 15 - Report
Major global trading houses are planning to reduce crude and fuel purchases from Russia's state-controlled oil companies as early as May 15
Indian Oil Removes Russian Urals From Latest Tender: Report
Indian Oil Corp (IOC) has excluded several high-sulphur crude grades, including Russian Urals, from its latest tender
India's March Fuel Demand Hits 3-Year High, Petrol Sales At Record Peak
India's fuel demand rose to a three-year high in March, with petrol sales hitting an all-time peak, as the market accumulated supplies foreseeing price spikes.
BlackRock, Mubadala To Invest Rs. 4000 Cr. In Tata Power's Renewable Energy Unit
Tata Power said that BlackRock Real Assets and Abu Dhabi's Mubadala Investment Company would invest Rs. 4000 crore ($525.76 million) in the company's renewable energy unit for a 10.53% stake.
Automakers Accelerate Drive To Secure Battery Raw Materials
A spike in demand for electric vehicles (EV) in the global markets is encouraging automakers such Tesla Inc, Volkswagen and Stellantis NV to secure raw materials needed for making batteries.
Some Banks Stop Credit For Oil Imports By Rosneft-Owned India Refiner Nayara - Report
HDFC Bank and some foreign banks have stopped offering trade credit for oil imports to Nayara Energy, a Russian-backed refiner, and some suppliers are seeking payment upfront to avoid potential problems resulting from western sanctions against Moscow
Indian Oil Corporation Buys 7 Million Barrels Of Crude Via Tenders - Report
Indian Oil Corp, the country's top refiner, has purchased a total of 7 million barrels of crude via tenders for May and June loading
Honda To Spend $64 Billion On R&D As It Revs Up Electric Ambitions
Japan's Honda Motor Co Ltd plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.
Tata Motors To Manufacture 2 Lakh EVs Annually At Ford's Sanand Plant: Report
The report further states that Tata Motors intends to invest an additional Rs 2,000 crore and wants to achieve this 2 lakh EVs manufacturing milestone by 2026.
Goldman Sachs, Morgan Stanley To Lead Intel's Mobileye IPO - Report
The stock market flotation could value Mobileye at as much as $50 billion.
BMW CEO Warns Against Electric-Only Strategy
BMW CEO Oliver Zipse said that there is still a market for combustion engine cars and that manufacturers should not focus solely on EV technology.
Toyota GR Supra Will Get A Manual Gearbox Soon
Toyota has confirmed the new GR Supra will be available with a manual gearbox with the model expected to debut in the coming months
India's Mandatory Airbag Proposal Will Hurt Sales, Says Maruti Chairman RC Bhargava
Maruti Suzuki India's Chairman, R.C. Bhargava has said that the Government of India's plan to make six airbags mandatory in passenger vehicles will make cars more expensive and drive out a chunk of potential buyers.
Nissan Acquires e.dams Formula E Race Team
Nissan to continue racing the Le Mans-based team in the sport for the current season with the brand also committed to racing for the next three seasons.
Musk's Twitter Play Sparks Concerns About Distraction, Stock Sales At Tesla
The idea of Musk working to close that deal, possibly by selling even more of his Tesla stake, and then overseeing yet another company has Tesla observers worried. Elon Musk targeted Twitter Inc on Thursday with a $43 billion takeover offer.
Subaru Suspends Shipment Of Some Models Over Engine Sensor Malfunction
Japan's Subaru Corp has suspended shipment of some of its three main automobile models over an engine sensor malfunction and also plans to temporarily halt production of the models, the company said on Friday.
2022 Maruti Suzuki Ertiga Launched In India; Prices Begin From Rs. 8.35 Lakh
The updated Ertiga gets minor cosmetic updates, added equipment and a new DualJet petrol engine and 6-speed automatic gearbox.
Automaker Stellantis To Use Qualcomm Tech In Its Vehicles
Stellantis brands to use Qualcomm's vehicle cockpit and 5G telematics technology starting in 2024
Trouve Motor Teases New H2 Maxi Scooter Ahead Of Opening Bookings
Trouve claims the H2 will hit 60kph in 4.3 seconds and have a range of up to 230km.
Elon Musk Offers To Buy Twitter For $41 Billion
Musk's offer price of $54.20 per share represents a 38% premium to Twitter's April 1 close.
