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Rupee Posts Tenth Monthly Decline On Weak Asian Peers, Oil Price Worries
The Indian rupee chalked up its tenth straight monthly fall after slipping versus the dollar, on concerns over oil prices and in line with losses in most other Asian currencies.
India State Retailers To Marginally Cut Petrol, Diesel Prices From Tuesday
Nov 27, 2022 01:55 AM
India's top fuel retailer Indian Oil Corp will marginally cut petrol and diesel prices from Tuesday.
Oil Falls On U.S. Output Gains, Chinese Demand Doubts
Nov 27, 2022 01:55 AM
Oil prices fell on expectations that U.S. production could rise and as weaker economic data out of China and the country's widening COVID-19 curbs weighed on demand.
Japan To Seek U.S. Flexibility On EV Purchase Incentives, Kyodo Reports
Nov 27, 2022 01:55 AM
Japan will ask the United States to be more flexible on EV purchase incentives for non-American carmakers.
VW's SEAT Says Spain's Subsidy For Battery Plant, EV Production 'Not Sufficient'
Nov 27, 2022 01:55 AM
The chief of Volkswagen's Spanish unit SEAT said the subsidies offered by Spanish authorities for a battery factory construction and electric vehicle production "is not sufficient", but voiced optimism about finding a solution.
Stellantis To Refocus China Strategy With Jeep, Maserati Brands
Nov 27, 2022 01:55 AM
Stellantis sees its future as a niche player in China through its premium brand Jeep and luxury brand Maserati, its chief financial officer said.
Lyft To Lay Off 683 Employees In Cost-Cutting Push
Nov 27, 2022 01:54 AM
Lyft Inc said it would lay off 13% of its workforce, or about 683 employees, in the ride-hailing firm's latest cost-cutting step to cope with a weakening economy.
AI Chip Startup SiMa.ai Launches Auto Business With Former Bosch, Mercedes Executive
Nov 27, 2022 01:54 AM
SiMa.ai said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at top tier auto supplier Bosch and Mercedes Benz, to lead that business.
Delhi Wrestles With 'Hazardous' Air Pollution, Primary Schools Shut
Nov 27, 2022 01:54 AM
Authorities in New Delhi ordered primary schools to shut from Saturday, and told schools to stop outdoor activities for older children as air in the world's most polluted capital had become a severe risk to health.
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