News
India's Ola And Uber Deny Report Of Merger Talks
The two companies have been slugging it out in an intensely competitive Indian market and have spent billions in incentives and discounts to passengers.
Big Oil's Q2 Profits Hit Record $50 Billion - With BP Yet To Come
Jul 30, 2022 10:09 PM
The world's largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide.
Factbox - Indian Importers Feel Heat As Rupee Depreciates Over 7%
Jul 30, 2022 09:58 PM
India meets 85% of its crude oil needs through imports, so the rupee's depreciation has added to the retail cost of petrol, diesel and cooking gas.
Exxon Posts Record-Breaking Second-Quarter Profit
Jul 30, 2022 09:47 PM
Oil and natural gas prices have scaled multi-year highs this year as Western sanctions against major exporter Russia squeezed an already under-supplied global market.
Taiwan Says 'Key Position' In Semiconductors Won't Be Shaken As US Passes Chip Act
Jul 30, 2022 09:23 PM
The U.S. House of Representatives passed the sweeping legislation on Thursday to subsidise the domestic semiconductor industry as it competes with Chinese and other foreign manufacturers.
Edelweiss General Insurance Introduces Switch 'Pay as you Drive' Add-on Motor Insurance suite
Jul 30, 2022 08:55 PM
Edelweiss General Insurance says its new add-on product allows customers to get an attractive discount on their Own Damage premium by up to 25 per cent. Customers can choose from three slabs for annual car insurance.
Upcoming New Car Launches And Unveils In August 2022
Jul 30, 2022 12:00 AM
We’ve got a lot of action both in the domestic market as well as on the International scene in the month of August 2022. And so, we take you through each one of them.
Yellen Says She Had 'Productive' Meetings On Russian Oil Price Cap
Jul 30, 2022 06:25 PM
Yellen said her bilateral meetings and the overall G20 sessions in Indonesia focused on the human and economic cost of Russia's invasion of Ukraine, with the United States and other countries "unequivocal in condemning their (Russia's) shameful actions."
Libya's Tripoli Government Installs New Oil Company Head Despite Opposition
Jul 30, 2022 06:22 PM
The tussle over NOC has opened cracks in both the loose eastern and western camps whose rivalry has fuelled Libya's conflict for years and risks undermining the company's longstanding independence from the factional infighting.