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Essar Group Plans Rs. 40,000 Cr. Petrochemical Complex In Odisha
Essar Group plans to set up a Rs. 40,000 cr. petrochemical complex in the eastern state of Odisha in a tie-up with a global player.
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G7 Coalition Agrees $60 Per Barrel Price Cap For Russian Oil
G7 nations and Australia said they had agreed a $60 per barrel price cap on Russian seaborne crude oil.
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Oil Prices Climb On Tight Supply Worries
Oil prices rose by as much as $1 per barrel after dropping below key technical support levels in the previous session, as an energy standoff between Europe and Russia focused investor minds on how tight fuel supply may become.
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Chip Maker Wolfspeed To Build New U.S. Factory To Meet Surging EV Demand
Wolfspeed will build a new multi-billion dollar factory in Chatham County, North Carolina to make the raw materials used for chips that power things like electric vehicles.
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Oil Rises 4% On Supply Threats, Still Set For Weekly Drop
Oil prices rose about 4% supported by real and threatened cuts to supply, although futures posted a second weekly decline.
Read More →U.S. Commerce Aims To Seek Chips Funding Proposals By February
The U.S. Commerce Department said it hopes by February to begin seeking applications for $39 billion in government semiconductor chips subsidies to build new facilities and expand existing U.S. production.
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India's BPCL Plans To load Sokol Cargo In Sept - Report
Indian state-refiner Bharat Petroleum Corp is re-attempting to charter a ship to load 700,000 barrels of Russia's Sokol crude oil this month, sources familiar with the deal said.
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Shenzhen Shuts Most Public Transport As China Battles Multiple Outbreaks
The main districts of Chinese tech hub Shenzhen shut down public transport and extended curbs on public activities as cities across China battled COVID-19 outbreaks that have dampened the outlook for economic recovery.
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Oil Climbs Ahead Of OPEC+ Meeting Next Week
Oil prices rose on expectations that OPEC+ will discuss output cuts at a meeting on Sept. 5, though concern over China's COVID-19 curbs and weakness in the global economy loomed over the market.
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SoftBank Plans $35 Million Bet On India's GoMechanic - Report
Vision Fund's early-stage talks with GoMechanic are being held around a valuation of $600-700 million, with Malaysian sovereign fund Khazanah and existing investor Tiger Global also planning to invest in the $100 million funding round.
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GM Startup Cruise Recalls And Revises Self-Driving Software After Crash
General Motors startup Cruise LLC said it had recalled and updated software in 80 self-driving vehicles after a June crash in San Francisco that left two people injured.
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Resigned Riders Of Gasoline-Fueled Motorbikes Pay For Parking In Paris
Paris's town hall decision to make gasoline-fueled motorcycles pay for parking kicked in this Thursday, triggering reactions from riders ranging from resignation to dissatisfaction.
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Piedmont To Build Lithium Plant In Tennessee For EV Market
Piedmont Lithium will build a lithium processing plant in Tennessee to supply the rapidly-growing electric vehicle (EV) industry.
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EV Maker Lucid Files For New Offering To Raise $8 Billion In Stages
Lucid filed for a new offering of up to $8 billion as the luxury electric-vehicle maker looks to beef up working capital at a time when supply snarls have crimped its production.
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China Says Automakers Must Have Licences For Mapping Data In Smart Cars
China has said that automakers must apply for licences to collect geographic data using sensors on their intelligent vehicles.
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Musk Sends Fresh Letter To Scrap Twitter Deal After Whistleblower Claims
Musk has sent an additional letter of deal termination to Twitter Inc to include a recent whistleblower complaint.
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Polestar Revenue Doubles As It Rides Electric Car Boom
Polestar's revenue nearly doubled in the first half of 2022 on soaring demand and it may have to raise its prices further if material costs continue to rise.
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Bosch To Invest $200 Million To Make Fuel Cell Stacks In South Carolina
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.
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Stocks Eye 3% Weekly Loss, Dollar Sky High Before U.S. Jobs Data
World stocks were heading for a 3% loss on the week while the dollar hit 24-year highs against the yen for a second day ahead of key U.S. jobs data, as investors brace for aggressive rate hikes from the Federal Reserve.
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Oil Gains Ahead Of OPEC+ Meeting; Russian Oil Price Cap Looms
Oil prices climbed on bets that OPEC+ will discuss output cuts at a meeting on Sept. 5, though fears of China's COVID-19 curbs and weak global growth continued to limit gains and a potential cap on the price of Russian exports loomed.
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