Auto Industry
Sameer Contractor
Aug 8, 2022, 5:36 AM
Tata Passenger Electric Mobility and Ford India have signed a Unit Transfer Agreement for the acquisition of the latter's Sanand manufacturing plant, which includes entire land and buildings, manufacturing facility and all eligible employees.
3 Min
Reuters | Aug 7, 2022Swiss Adopt New EU Sanctions On Russia, Allow Oil PaymentsThe Swiss government imposed further sanctions against Russia over the war in Ukraine, in line with the European Union's latest measures on gold and gold products, the cabinet said.1 min read
Reuters | Aug 7, 2022Oil Prices Hit Lowest Since Ukraine Invasion Amid Recession FearsGlobal oil prices dropped on Thursday to their lowest levels since before Russia's February invasion of Ukraine, as traders fretted over the possibility of an economic recession later this year that could torpedo energy demand.2 mins read
Reuters | Aug 7, 2022U.S. Targets Chinese, UAE Firms In New Iran Oil SanctionsThe United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.2 mins read
Reuters | Aug 7, 2022Moldova's Ex-President Calls For Snap Elections Over Gas PriceMoldova's pro-Russian opposition leader called for snap presidential and parliamentary elections on Tuesday and told the pro-Western government to go to Moscow to negotiate cheaper natural gas from Russia as prices soar.2 mins read- Reuters | Aug 7, 2022Oil Edges Up Ahead Of OPEC Meeting Despite Recession WorriesOil futures edged up less than 1% on Tuesday ahead of a meeting of OPEC+ producers this week that may not lead to a further boost in crude supply amid concerns a possible global recession could limit energy demand.2 mins read
- Reuters | Aug 7, 2022Oil Sinks About 4% After Weak Factory Data Sparks Demand ConcernsOil prices dropped about 4% as weak manufacturing data in several countries weighed on the demand outlook while investors braced for this week's meeting of OPEC and its producer allies on supply.2 mins read
Mihir Barve | Aug 7, 2022Bank Of America Offers Rs. 2.95 Lakh Incentive Towards Purchase Of An EV For Its EmployeesAs a part of its new global electric vehicle program for teammates, Bank of America is offering an incentive of Rs. 2.95 lakh for a purchase and Rs. 1.47 lakh for a lease of a new EV to its employees.2 mins read- Reuters | Aug 7, 2022Russian Crude Prices Recover On Strong India, China DemandSpot prices for Russia's key export crude grade ESPO Blend to Asia have rebounded from all-time lows amid strong demand from top buyers India and China and easing concerns about possible sanctions, several traders said.3 mins read
