Auto Industry
car&bike Team
May 31, 2022, 8:33 PM
Shares in Indian steel and iron ore groups including Tata Steel and JSW Steel slid on Monday at the steepest pace since early 2020 after the government imposed heavy export taxes on the sector, while carmakers rose on lower input costs.
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car&bike Team | May 31, 2022Indian Shares Settle Higher On Auto, Tech RallyIndian shares ended higher for a third straight session on Monday, riding on gains in technology stocks and a surge in automaker Mahindra and Mahindra after strong quarterly earnings.1 min read
car&bike Team | May 31, 2022Serbia's Vucic Says Agreed 3-Year Gas Supply Contract With PutinSerbian President Aleksandar Vucic said on Sunday he had agreed a new three-year gas supply contract in a phone call with Russian President Vladimir Putin.1 min read
car&bike Team | May 31, 2022EU's Von Der Leyen Sees Progress In Talks With Hungary on Russian Oil BanEuropean Commission President Ursula von der Leyen said on Monday she had made progress in talks with Hungarian Prime Minister Viktor Orban on a possible EU-wide ban on Russian fossil fuels.1 min read
car&bike Team | May 31, 2022Russian Importers Seek Deals With India's Smaller Firms To Sidestep SanctionsRussian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.1 min read
car&bike Team | May 31, 2022Hungary's Orban Says EU Summit Should Not Discuss Oil Sanctions Next WeekThe EU's proposed new sanctions against Russia, including an oil embargo, should not be discussed at next week's summit of the bloc's leaders, Hungarian Prime Minister Viktor Orban said in a letter to the President of the European Council.1 min read
car&bike Team | May 31, 2022Two Senior Grab Executives Quit As Company Rejigs Unit To Stem Losses - ReportTwo top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.1 min read
car&bike Team | May 31, 2022Analysis-How The Ukraine Conflict Is Reshaping Global Oil MarketsRussia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.1 min read
car&bike Team | May 31, 2022EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil ImportsEuropean Union leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year, resolving a deadlock with Hungary over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.1 min read
