Auto Industry
car&bike Team
Apr 28, 2022, 5:39 AM
Oil prices were down about 5% in volatile trading on Tuesday on demand concerns after the International Monetary Fund (IMF) cut its economic growth forecasts and warned of higher inflation.
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car&bike Team | Apr 28, 2022Analysis-Musk's Tweets Fuel Mining Industry's Hopes Of A Buyout By TeslaElon Musk's recent musings that high lithium prices may force Tesla Inc to make its own supply of the electric vehicle battery metal have fueled hopes by some that the billionaire entrepreneur will instead opt for a buyout of an established mining company.1 min read
car&bike Team | Apr 28, 2022Tech Stocks Drag Indian Shares Lower; Infosys Hits 8-Month LowIndian shares touched three-week lows on Monday, hammered by losses in IT stocks after Infosys crashed 9% on missing March-quarter profit estimates, while inflation concerns globally also weighed on investors' sentiment.1 min read
car&bike Team | Apr 28, 2022India's Russian Oil Purchases Since Ukraine Invasion More Than Double 2021 TotalIndia has bought more than twice as much crude oil from Russia in the two months since its invasion of Ukraine as it did in the whole of 2021.1 min read
car&bike Team | Apr 28, 2022Uber's Mideast Unit Says It's In Talks With Saudi To Ease Ride-Hailing RestrictionsUber Technologies Inc's subsidiary in the Middle East, Careem, says it is in talks with authorities in Saudi Arabia to ease restrictions, including those that have limited driver numbers and led to long waits for rides.1 min read
car&bike Team | Apr 28, 2022Oil Rises On News EU May Phase In A Ban On Russian Oil ImportsOil prices settled higher after an early decline as investors covered short positions ahead of the long weekend and on news that the European Union might phase in a ban on Russian oil imports.1 min read
Seshan Vijayraghvan | Apr 28, 2022Jaguar Land Rover To Form New Partnerships For Next-Gen TechnologyWith this initiative, JLR plans to form new partnerships with start-ups, scale-ups and like-minded external organisations, and work on electrification, connectivity, digital services, metaverse, intelligent enterprise, manufacturing, supply chain and sustainability1 min read
car&bike Team | Apr 28, 2022Bajaj Auto Q4 FY 2022 Results: Net Profit Rises 10 Per Cent To Rs. 1,469 CroreDespite a decline in domestic and overseas sales in the quarter, Bajaj reported highest ever annual turnover, and highest-ever annual exports in FY 2022.1 min read
car&bike Team | Apr 27, 2022Musk's Twitter Deal Could Test Tesla Executive BenchInvestors are uncertain how the move to buy Twitter could affect Tesla's performance if Musk's attention is further divided by the social media platform aside from SpaceX, Neuralink and the Boring Company.1 min read
