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Oil Edges Higher On Russian Supply Concerns In Volatile Trade
Oil settled nearly 1% higher paring earlier gains as the market focused on Russian oil supply concerns.
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Fisker To Sell Electric SUV In India With View To Local Production
Sales of electric cars in India will gather pace by 2025-26, Henrik Fisker said in an interview in New Delhi, adding that the company wants to secure a first-mover advantage.
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Oil Prices Down, Investors Expect Big Fed Rate Hike
Oil prices dipped following other risk assets lower, as the dollar stayed strong and investors anticipated more central bank interest-rate hikes designed to quell inflation.
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Rampant Nigeria Oil Theft Is 'Treason', House Speaker Says
Crude oil theft in Nigeria, which is blamed for throttling output and exports, is tantamount to treason that should be punished by the stiffest possible penalty, the Speaker of the House of Representatives said.
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Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike Worries
Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed the rest.
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Ola Electric Ventures Abroad, To Enter Nepal Next Quarter
Ola is looking to take its e-scooters global, starting with Nepal, as it seeks to tap into a growing international market for electric vehicles.
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Faraday Future Says 'Misinformation Campaign' Hurt Fundraising Efforts
Faraday Future said a "misinformation campaign" has affected its fundraising efforts.
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Mahindra In Talks To Raise Up To Rs. 4,000 Crore For EV Push - Report
Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build EVs.
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Tesla Recalls Nearly 1.1 Million U.S. Vehicles To Update Window Reversing Software
Tesla is recalling nearly 1.1 million U.S. vehicles because the window automatic reversal system may not react correctly after detecting an obstruction, increasing the risk of injury.
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California Regulator Sees 2035 EV Mandate As 'Sweet Spot'
California's choice of 2035 as the deadline to end gasoline-only new car sales was the "sweet spot", the head of the state's clean air regulator said.
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Sports Car Maker Lotus's Tech Arm Valued At $4.5 Billion In Fundraising
Lotus Technology had completed a fundraising that valued the business at nearly $4.5 billion.
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Elon Musk Faces Skeptics As Tesla Gets Ready To Unveil 'Optimus' Robot
Musk blamed overreliance on factory robots for sending the electric carmaker to "production hell" four years ago.
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Automakers Tackle Patent Hurdle In Quest For In-Car Tech
Over a dozen automakers have signed up with a platform for patent licences from 51 tech companies, aiming to simplify access to wireless technology and avoid costly legal battles.
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India Road Ministry Issues Draft Rules For Mandatory Rear Seat Belt Alarms
India's road transport ministry has issued draft rules to make it mandatory for car makers to install alarm system for rear seat belts.
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Chipmaker Nvidia Launches New System For Autonomous Driving
Nvidia unveiled its new computing platform called DRIVE Thor that would centralize autonomous and assisted driving as well as other digital functions including in-car entertainment.
Read More →Factbox - The Challenges Automakers, And Now Tesla, Face With Humanoid Robots
Tesla's CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises.
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Fisker To Sell Electric SUV In India With View To Local Production
Fisker will begin selling its Ocean electric SUV in India next July.
Read More →Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears
Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.
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Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report
Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.
Read More →India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.
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