Cars

Reuters

Jul 28, 2022, 9:21 PM

Indian Shares Close At Over 1-Month High On Bank, Auto Boost

Indian shares closed at a more than one-month high on Tuesday as banking and auto companies gained, while the rupee recovered after breaching 80 against the dollar.

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  Reuters | Jul 28, 2022

  S.Korea Targets Localising 50% Of Chip Materials Supply By 2030

  South Korea said it aimed at local sourcing for half of its materials, components and equipment in semiconductor manufacturing by 2030, up from 30% currently.

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  Reuters | Jul 28, 2022

  GM's Cruise Robotaxi Unit Drives Deeper Into The Red

  General Motors Co has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating.

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  Reuters | Jul 28, 2022

  U.S. Senate Votes To Advance Sweeping Semiconductor Industry Bill

  The legislation provides about $52 billion in government subsidies for U.S. semiconductor production as well as an investment tax credit for chip plants estimated to be worth $24 billion.

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  Jaiveer Mehra | Jul 28, 2022

  Mahindra XUV400 Electric SUV Spied Testing Ahead Of September Debut

  All-electric SUV’s design doesn’t stray far from the eXUV300 concept from the 2020 Auto Expo.

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  car&bike Team | Jul 30, 2022

  Audi India Inaugurates Audi Approved: Plus Facility In Coimbatore

  Audi India recently inaugurated a new pre-owned luxury car Audi Approved: plus outlet in Coimbatore, Tamil Nadu.

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  Pratik Rakshit | Jul 28, 2022

  Tata Motors Signs MoU With EC Wheels India; To Supply 1,000 Xpres-T EVs

  The deliveries of the Tata Xpres-T electric sedans to EC Wheels India will commence in phases.

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  Reuters | Jul 28, 2022

  Nasdaq Falls With Dollar, Oil Rises; Earnings, Fed In Focus

  Nasdaq closed lower on Monday after a choppy session for U.S. equities ahead of a big week of technology earnings reports while oil prices rose and treasury yields edged higher as investors braced for a Federal Reserve interest rate hike.

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  Reuters | Jul 28, 2022

  Yellen: U.S. Talks With India On Price Cap On Russian Oil 'Encouraging'

  U.S. Treasury Secretary Janet Yellen described as "encouraging" talks with India about a proposed price cap on Russian oil that Washington is pushing to drive down oil prices and make it harder for Moscow to fund its war in Ukraine.

  1 min read