Auto Industry
Reuters
Jul 30, 2022, 9:58 PM
India meets 85% of its crude oil needs through imports, so the rupee's depreciation has added to the retail cost of petrol, diesel and cooking gas.
3 Min
Reuters | Jul 30, 2022Exxon Posts Record-Breaking Second-Quarter ProfitOil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an already under-supplied global market.2 mins read
Reuters | Jul 30, 2022Taiwan Says 'Key Position' In Semiconductors Won't Be Shaken As US Passes Chip ActThe U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.2 mins read
Sameer Contractor | Jul 30, 2022Edelweiss General Insurance Introduces Switch 'Pay as you Drive' Add-on Motor Insurance suiteEdelweiss General Insurance says its new add-on product allows customers to get an attractive discount on their Own Damage premium by up to 25 per cent. Customers can choose from three slabs for annual car insurance.2 mins read
Jaiveer Mehra | Jul 30, 2022Ferrari Unveils 296 GT3 Race CarFerrari 488 GT3 successor to compete in races from the 2023 season and marks the return of V6-powered models to Ferrari's GT racing program.2 mins read
Pratik Rakshit | Jul 31, 2022Mahindra Scorpio-N Clocks Over 25,000 Bookings In A Minute, Registers 1 Lakh Bookings On Opening DayThe deliveries of the new Mahindra Scorpio-N will begin September 26, 2022, onwards, as over 20,000 units are planned for delivery by December 2022.2 mins read
Reuters | Jul 30, 2022Tesla's High-Profile Autopilot Executive DepartsThe departure of Karpathy, who provided no reason for leaving, comes at a critical time as Tesla Chief Executive Elon Musk races to achieve full self-driving capability this year, after missing earlier targets several times.2 mins read
Reuters | Jul 30, 2022Why India Ramped Up Russian Oil Imports, Easing Pressure On MoscowIndian refiners have done the opposite, snapping up more Russian crude while the government explores ways to protect domestic oil firms from punishment should they fall foul of sanctions.7 mins read
Reuters | Jul 30, 2022Oil Rises As Tight Supply Trumps Recession FearsEuro zone inflation hit yet another record high in June, strengthening the case for rapid European Central Bank rate increases, while U.S. consumer sentiment hit a record low.2 mins read
