Officials said no price range has been decided yet, however one person familiar with the process said the cap will be determined in line with the historical average of $63-64 a barrel - a level that could form a natural upper limit.
U.S. climate envoy John Kerry has asked Democratic Republic of Congo to withdraw some of the oil blocks it has put up for auction in order to protect forests.
The Society of Indian Automobile Manufacturers (SIAM) appoints Vinod Aggarwal as its new president for 2022-23. He is currently serving as the MD & CEO of Volvo Eicher Commercial Vehicles Ltd.
Speaking at the Society of Indian Automobile Manufacturers' (SIAM) 62nd annual convention, Union Minister Nitin Gadkari said, “On September 28, I am going to launch a Toyota Flex-Fuel vehicle that will run on Ethanol.”
Nitin Gadkari, Minister of Road, Transport and Highways (MoRTH), Govt. of India urged Indian automakers to come up with alternative solutions to increase exports and reduce imports.
At the 62nd Annual SIAM Conference, Union Minister for Road Transport and Highways, Nitin Gadkari, said that one crore 20 lakh vehicles have been identified for scrappage, but need more centres and focus on cost reduction of automotive components by means of recycling.
Speaking at the 62nd SIAM Annual Convention, Anurag Jain, Secretary, Department for Promotion of Industry, and Internal Trade said some global auto brands are willing to enter India but are looking for the right local partner.
This launch comes after receiving feedback from these early riders who were bound by NDAs. The company is now deploying a fleet of Chrysler Pacifica minivans.
Buyers are more optimistic due to improved visibility on a longer-term economic recovery and reversal of pay cuts as corporate spending normalises from 2020.
For the first time, diesel price in Rajasthan's Sri Ganganagar has breached Rs. 100 per litre mark, retailing at Rs. 100.05 per litre. Petrol, on other hand, costs more than Rs 107 a litre.
Mahindra & Mahindra has appointed Pratap Bose as the Executive Vice President and Chief Design Officer to lead its newly formed Global Design organisation.
Toyota Motor Corp will aim to make all its global factories carbon neutral by 2035, a senior executive said on Friday, pulling forward the goal by 15 years from 2050.
Pitstop introduces a new 'Car Revive pack' for owners whose vehicles have been not in use for a long time, due to lockdowns in various parts of the country. Prices for the Car Revive pack start at Rs. 1,399.
