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Index Inclusion May Fuel Only Short Term Gains In Indian Rupee, Bonds - DBS
The addition of Indian bonds to global indexes could fuel only short-term gains in rupee and bonds, with focus shifting to other factors after the announcement, DBS said.
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Libya Fuel Blast Injures 17
A fuel tank exploded in a massive blast in the southern Libyan city of Sebha late, injuring 17 people, the health ministry said in a statement.
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Sri Lanka's Economy Shrinks 8.4% Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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India's BPCL Signs MoU With Petrobras To Diversify Oil Sourcing
India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras to help it diversify its crude oil sourcing.
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Fire At E-Scooter Showroom In India Kills Eight In Deadliest Such Incident
A fire that started at an electric scooter showroom in India killed at least eight people and injured 11, police said, in what is the deadliest such incident involving electric vehicles in the country.
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EV Charging Startup TeraWatt Infrastructure Raises $1 Billion
San Francisco startup TeraWatt Infrastructure has raised more than $1 billion from investors to expand a network of charging centers focused on electric vehicle fleet customers, the company said.
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Indian Automaker Mahindra In Talks To Rise Up To $500 Million For EV Push - Report
Indian automaker Mahindra & Mahindra is in talks with global investors to raise between $250 million and $500 million to accelerate its plans to build electric vehicles (EVs), a source with direct knowledge of the matter told Reuters.
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Oil Prices Jump After U.S. Crude, Fuel Stocks Drop, Dollar Weakens
Oil prices rose for a second day, rebounding from recent losses as the U.S. dollar eased off recent gains and U.S. fuel inventory figures showed larger-than-expected drawdowns and a rebound in consumer demand.
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Stellantis And Uber Join Forces On Electric Vehicles Market In France
Carmaker Stellantis and Uber announced a partnership along with the company Free2Move to focus on the French electric vehicles market.
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Lilium Aims To Build 400 Air Taxis A Year, Seek Grants
German air taxi developer Lilium Air Mobility plans to set up industrial capacity to make some 400 of its electrically powered Lilium Jet flying shuttles a year, while tapping schemes that provide public research support, its new chief executive said.
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Group Of Countries Push EU For Gas Price Cap
A group of European Union countries are pushing Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a letter seen by Reuters late.
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Greece Proposes European Fund To Address Soaring Gas Prices
Greece has proposed a multibillion-euro European fund partly financed by a gas levy on power producers to support households and businesses struggling with soaring energy costs and help Europe replace Russian gas, its energy ministry said.
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U.S. VP Harris To Meet With Japanese Chip Firms
Vice President Kamala Harris will meet in Japan with heads of semiconductor-related businesses as the Biden administration works to boost U.S. chips manufacturing, according to a senior administration official.
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India's Blade Signs Order For Up To 200 Electric Aircraft From Embraer's Eve
Brazil's Eve Holding Inc said that Blade India has signed a purchase order for up to 200 of its electric vertical take-off and landing (eVTOLs), allowing it to expand its urban air mobility ecosystem in the Asian country.
Read More →Group Of Countries To Push EU For Gas Price Cap
A group of European Union countries want to push Brussels to produce plans this week for a bloc-wide cap on the price of gas, according to a draft letter seen by Reuters.
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India's Hero MotoCorp, HPCL Partner For EV Charging Network
Indian bikemaker Hero MotoCorp said it would partner with state-run Hindustan Petroleum Corp to set up electric vehicle (EV) charging infrastructure across the country.
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China EV Maker Leapmotor Set To Raise $800 Million In Hong Kong IPO
Chinese electric vehicle (EV) maker Zhejiang Leapmotor Technology is set to raise $800 million by pricing its shares at HK$48 ($6.12) each in its Hong Kong initial public offering (IPO), said two sources with direct knowledge of the matter.
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Indian Shares End Flat As Auto, Metals Offset IT Gains
Indian shares stayed rooted to two-month lows, with gains in IT and consumer companies offset by losses in auto and metal stocks, as worries over economic growth festered ahead of the central bank's policy decision later this week.
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U.S. VP Harris Pledges To Consult S.Korea Over EV Subsidy Concerns
U.S. Vice President Kamala Harris told South Korea's prime minister that Washington will work to address Seoul's concerns over recently enacted electric vehicle (EV) subsidies that could disadvantage Asian automakers.
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U.S. Approves 50 States' EV Charging Plans
The U.S. Transportation Department (USDOT) said it has approved the electric vehicle charging station plans for all 50 states, Washington and Puerto Rico covering about 75,000 miles (120,700 kms) of highways.
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