Latest News
Chipmaker Qualcomm Says Automotive Future Business Expands To $30 Billion
Qualcomm said the automotive market size it is targeting could grow to as large as $100 billion by 2030.
Canadian Pension Fund OTPP To Buy 30% Stake In India's Mahindra Renewables Assets
Dec 1, 2022 05:24 AM
Canadian pension fund Ontario Teachers' Pension Plan has agreed to buy a 30% stake for 23.71 billion rupees ($297.5 million) in Indian automaker Mahindra's renewable power assets, an exchange filing showed.
Indian Ride-Hailing Firm Ola To Cut 10% Engineering Jobs
Dec 1, 2022 05:24 AM
India's Ola will cut about 200 engineering jobs to reduce redundancy across its two main businesses of ride-hailing and electric vehicle manufacturing, the SoftBank Group-backed company said.
India Slashes Taxes On Aviation Fuel Exports, Domestic Crude Oil
Dec 1, 2022 05:24 AM
Indian government lowered taxes on aviation turbine fuel exports to 5 rupees per liter from 9 rupees per liter, a government notification said.
Oil Prices Up After Basra Spill, But Log Weekly Decline
Dec 1, 2022 05:24 AM
Oil prices rose slightly as a spill at Iraq's Basra terminal appeared likely to constrain crude supply, but remained down on the week on fears that hefty interest rate increases will curb global economic growth and demand for fuel.
Putin Tells Europe: If You Want Gas Then Open Nord Stream 2
Dec 1, 2022 05:23 AM
President Vladimir Putin denied Russia had anything to do with Europe's energy crisis, saying that if the European Union wanted more gas it should lift sanctions preventing the opening of the Nord Stream 2 pipeline.
India's August Crude Imports Fall m/m On Monsoon Demand Lull
Dec 1, 2022 05:23 AM
India's crude oil imports fell more than 13% in August month-on-month, government data showed, as monsoon rains restricted activity and slowed consumption in the world's third-biggest oil consumer.
Oil Edges Up As Supply Woes Outweigh Demand And Rate Hike Worries
Dec 1, 2022 05:23 AM
Oil prices edged slightly higher in volatile trading, as worries of tight supplies outweighed fears that global demand could slow due to a strong U.S. dollar and possible large increases to interest rates.
Elon Musk Accuses Twitter Of Security Lapses In Court Filing
Dec 1, 2022 05:23 AM
Billionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security, which the entrepreneur said should allow him to end his $44 billion deal for the company, according to a court filing.
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