Auto Industry News
Indian Shares Rebound On Slide In Oil Prices, Dec F&O Series Expiry
Indian shares swung to gains in the final hour, on slide in oil prices due to demand concerns in China, while volatility was high in domestic market with the expiration of the December derivatives series.
Rupee Down As Oil Prices Gain Further, Forward Premiums Fall
Dec 31, 2022 05:45 PM
The Indian rupee eased slightly as oil prices rose and investors assessed China's move to ease COVID curbs while cases continued to rise in the country.
Russia's Angarsk Oil Refinery Says Fire Extinguished, Fuel Production Continues
Dec 31, 2022 05:45 PM
A fire that killed two people at Russia's Angarsk refinery has been extinguished.
Musk Tells Tesla Workers Not To Be 'Bothered By Stock Market Craziness'
Dec 31, 2022 05:45 PM
Tesla's plummeting share price has hurt the value of shares owned by the EV maker's employees. Tesla has offered stock compensation for most employees including factory workers.
India's Fuel Demand Hits Eight-Month Peak In November
Dec 31, 2022 05:45 PM
India's fuel demand climbed to an eight-month high in November.
India Orders Rickshaws Around Delhi To Run On Cleaner Fuel
Dec 31, 2022 05:44 PM
India is to ban the use of diesel autorickshaws in areas around the capital Delhi, expanding restrictions introduced in the city itself to tackle some of the worst city air quality in the world.
Tesla To Freeze Hiring, Lay Off Employees Next Quarter - Report
Dec 31, 2022 05:44 PM
The reported move comes at a time when Tesla investors have raised concerns over Chief Executive Elon Musk's distraction with managing Twitter.
India Sees No Hit To Fuel Exports From EU Feb 5 Action On Russian Imports - Oil Secretary
Dec 31, 2022 05:44 PM
Indian refiners have been gorging on Russian oil sold at a discount as some Western entities shun purchases from Moscow following its invasion of Ukraine in late February.
India's e-Bus Ambition Hits Financing Speed Bump
Jan 2, 2023 04:16 PM
India wants to deploy 50,000 e-buses in tranches over the next four to five years at an estimated cost of one trillion rupees ($12 billion).
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