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Reliance Makes Rare Buy Of Russian Naphtha, Ups Fuel Oil Imports
Reliance Industries is snapping up Russian refined fuels, including rare purchases of naphtha, after some Western buyers stopped Russian imports.
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Maruti Suzuki Plans Price Hike In January
Maruti Suzuki is planning to increase the price of its vehicles in January, prompted by continued cost pressure due to inflation and recent regulatory requirements.
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India November Auto Sales: Car, Tractor, Truck Sales Rise
The festive season helped drive strong overall sales at most Indian automakers in November.
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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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Musk Delivers First Tesla Truck, But No Update On Output, Pricing
Tesla CEO Musk delivered the company's first heavy-duty Semi to PepsiCo without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.
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India Orders Rickshaws Around Delhi To Run On Cleaner Fuel
India is to ban the use of diesel autorickshaws in areas around the capital Delhi, expanding restrictions introduced in the city itself to tackle some of the worst city air quality in the world.
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Tesla Plans To Ramp Up Model Y Production From Giga Texas In 2023 - Report
Tesla is planning to ramp up production of its Model Y cars from Gigafactory Texas next year
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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.
Read More →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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India Asks Amazon To Remove Seatbelt Alarm Blockers In Road Safety Push
The Indian government has asked online retail giant Amazon to stop selling devices designed to disable car seatbelt alarms, transport minister Nitin Gadkari told Reuters, citing potential safety risks.
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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.
Read More →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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