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Reuters
Aug 29, 2022, 10:48 PM
India opened its first factory to produce ethanol from rice straw or stubble on Wednesday as part of measures to reduce its reliance on oil imports and meet its net zero carbon goal.
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Reuters | Aug 29, 2022SAIC Motor's Ridehailing Unit Raises 1 Billion Yuan In Series B FundingMomenta's investment in SAIC's ridehailing unit comes as startups have been pouring billions of dollars into autonomous technology, aiming to take an early lead in commercializing autonomous driving1 min read
Reuters | Aug 29, 2022India Buys Discounted Venezuelan Petcoke To Replace CoalIndian companies are importing significant volumes of petroleum coke from Venezuela for the first time, trade sources and shipping data show, as the OPEC nation boosts exports not specifically targeted by U.S. sanctions.3 mins read
Reuters | Aug 29, 2022SAIC Motor's Robotaxi Unit Raises 1 Billion Yuan In Series B FundingA robotaxi unit of China’s state-owned SAIC Motor has raised more than 1 billion yuan ($147.37 million) in a second round of fundraising from its autonomous technology partner Momenta and several other institutions, according to a Momenta statement and a person familiar with the matter.1 min read
Reuters | Aug 29, 2022China's CATL To Build $7.6 Billion Hungary Battery Plant To Supply Mercedes, BMWChina's CATL said it would build a 7.3 billion euro ($7.6 billion) battery plant in Hungary, Europe's largest so far, as the world's biggest electric vehicle battery maker gears up to meet growing demand from global automakers.2 mins read
Reuters | Aug 29, 2022Oil Falls 2% On Expectations That U.S. Gulf Supply Disruption Will EaseOil prices plunged around 2%, on expectations that supply disruptions in the U.S. Gulf of Mexico would be short-term, while recession fears clouded the demand outlook.2 mins read
Reuters | Aug 29, 2022Russia-Backed Indian Refiner Nayara Energy Posts Record ProfitIndia's Nayara Energy, part owned by Russian oil major RosneftMM>, posted a record quarterly profit in April-June as its margins improved due to higher intake of discounted Russian oil and fuel exports.2 mins read
Jaiveer Mehra | Aug 29, 2022MG Gloster Facelift Launch on August 31, 2022The teaser reveals little about the update aside from calling the updated SUV, the ‘Advanced Gloster’.2 mins read
Reuters | Aug 29, 2022Hope For Smaller Rate Rises To Lift Wall Street, Oil GainsWall Street headed for another day of gains as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September.3 mins read



























































