Latest News

The Indian government has cut a windfall tax on domestically produced crude oil to 8,000 rupees per tonne from 10,500 rupees per tonne.

Malaysian state oil firm Petronas said it would contest any claims on its assets by the heirs of a former Southeast Asian sultan, who are seeking $15 billion in compensation.

Oil prices dipped choppy trading but notched their first weekly gain in five.

The upward revision will see the auto-rickshaw fare increase by Rs. 5, while the per kilometre charge for AC and non-AC taxis have gone up by Rs. 4 and Rs. 3 respectively.

The Autonomous Vehicle Industry Association (AVIA) has tapped Jeff Farrah as its first executive director.

Volvo Cars will temporary close one of its factories due to a chip shortage, the company told newspaper Goteborgs-Posten on Tuesday.

The IPO values Mobileye at $16.7 billion, a far cry from the $50 billion valuation that Intel was initially hoping to achieve.

The EV investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is more than twice the most recent calculation published just a year ago.