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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.

Factbox - The Challenges Automakers, And Now Tesla, Face With Humanoid Robots
Dec 1, 2022 05:25 AM
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.

Fisker To Sell Electric SUV In India With View To Local Production
Dec 1, 2022 05:25 AM
Fisker will begin selling its Ocean electric SUV in India next July.

Oil Plunges To Eight-Month Low On Strong Dollar, Recession Fears
Dec 1, 2022 05:25 AM
Oil prices plunged about 5% to an eight-month low as the U.S. dollar hit its strongest level in more than two decades.

Indian Oil Plans Panipat Refinery Maintenance, To Revamp Naphtha Cracker - Report
Dec 1, 2022 05:25 AM
Indian Oil Corp plans a shutdown of a naphtha hydrocracker for about 80 days and half of its crude processing for about a month.

India Set To Skip Buying Russia's ESPO Crude In Sept As Freight Costs Jump
Dec 1, 2022 05:24 AM
Indian refiners are set to skip purchases of Russia ESPO crude oil this month due to higher freight rates.

Chipmaker Qualcomm Says Automotive Future Business Expands To $30 Billion
Dec 1, 2022 05:24 AM
Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.

Canadian Pension Fund OTPP To Buy 30% Stake In India's Mahindra Renewables Assets
Dec 1, 2022 05:24 AM
Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.

Indian Ride-Hailing Firm Ola To Cut 10% Engineering Jobs
Dec 1, 2022 05:24 AM
India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.
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