Auto Industry News
India's Adani Power To Buy DB Power For Rs. 7,000 Cr.
Adani Power Ltd are set to buy thermal power plant operator DB Power for an enterprise value of Rs. 7017 Crore ($879.14 million) as India's largest private thermal power producer looks to expand operations.
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Aug 29, 2022 10:42 PM
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
Bhutan Bans Import Of Most Vehicles As Foreign Exchange Reserves Plummet
Aug 29, 2022 10:42 PM
Bhutan will ban the import of all vehicles except utility vehicles, heavy earthmoving machines and agriculture machinery to save dwindling foreign exchange reserves.
Oil Prices Down 1.5% For The Week On Recession Jitters
Aug 29, 2022 10:42 PM
Oil prices fell for the week on a stronger U.S. dollar and fears that an economic slowdown would weaken crude demand.
Apple Supplier Foxconn To Invest $300 Million More In Northern Vietnam - Report
Aug 29, 2022 10:42 PM
Foxconn has signed a $300 million memorandum of understanding with Vietnamese developer Kinh Bac City to expand its facility in the north of the country to diversify and boost production.
ONGC Signs Agreement With ExxonMobil For Deepwater Exploration In India
Aug 29, 2022 10:42 PM
ONGC said it signed a HoA with global petroleum giant ExxonMobil for deepwater exploration in the country's East and West coasts.
India Eases Russian Oil Buying In July, Boosts Saudi Imports - Report
Aug 29, 2022 10:41 PM
India's crude oil imports from Russia fell for the first time since March.
India Hikes Taxes On Fuel Exports, Slashes Windfall Tax On Local Crude
Aug 29, 2022 10:41 PM
India raised fuel export taxes despite only cutting them a little over two weeks ago, and slashed a windfall tax on locally produced crude oil, according to a government notification.
Oil Up 3% On Robust U.S. Fuel Consumption, Tight Supply Outlook
Aug 29, 2022 10:41 PM
Oil prices gained about 3% as positive U.S. economic data and robust U.S. fuel consumption offset concerns that slowing economic growth in other countries could undercut demand.
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