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Audio Interview: How AI Can Enhance Travel and Working Abroad: For Automotive Industry Professionals In this GlobalAutoIndustry.com "How AI Can Enhance Travel and Working Abroad: For ", Ron Hesse speaks with Allen Koski, President of Insured Nomads, the first insurtech in global benefits. Previously Allen was a Senior ... |
Tesla vs Tata Motors: Elon Musk's USD 56 bn salary more than TaMo revenue shareholders recently approved CEO 's USD 56 billion remuneration package for the second time at a crucial annual shareholder meeting, following a prior invalidation by a Delaware court earlier this year. This eye-popping sum alone is more than t... |
Airbus fits electric truck with airliner cockpit to study safer taxiing is showing off an unusual vehicle - a truck fitted with basic airliner controls - that it hopes can demonstrate how will make airports safer as concern grows over a spate of jetliners colliding on the ground. The converted at , Europe's biggest tec... |
Tesla cuts prices in China for some Model Y versions Inc has cut prices in China for its and performance versions starting on Aug. 14, the company said in a notice on Monday. The car company dropped the starting prices of both models by 14,000 yuan (USD 1,934.58). The Model Y Long Range's starting price drops 4.5% to 2... |
PM to release national logistics policy on Sep 17 New Delhi: Prime Minister Narendra Modi will release the on September 17, which is aimed at promoting seamless movement of goods across the country, said on Tuesday. The policy is expected to focus on several areas such as process re-engineering, digitisation, and . In ... |
Most small SUVs flunk updated insurance industry crash tests DETROIT - Most small SUVs flunked the latest done by the insurance industry, but oddly enough, they're just as safe as they were before. That's because the Insurance Institute for Highway Safety updated the test so it places more emphasis on keeping back-seat... |
40% of the vehicle's width hits the barrier on the driver's side. Some of the SUVs tested have more sophisticated rear safety belts, but the timing has to be worked out to function better in the milliseconds before and after a crash, Harkey said. "Now they've got to go back and figure out are they firing at the right t... |
Renault India extends support to flood-hit TN customers New Delhi: In the wake of the devastating cyclone 'Michaung', has collaboratively joined hands with other OEMs to extend comprehensive support to its customers in the affected regions in Tamil Nadu. In conjunction with its dealerships, India has swiftly implemente... |
Price cap on Russian refined fuels set to disrupt trade The 's ban on imports of products, including and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more than an embargo on crude oil. Although Western sanctions could force Russia to cut crude production and refining runs, wh... |
Drivers land better incentives in a crowded ride-hailing space Increasing competition in the ride-hailing space has resulted in better incentive structures for in the sector as platforms experiment with their business models or tweak the way they charge commissions from drivers. Swiggy-backed bike-taxi platform has int... |
for these benefits upon reaching certain milestones. During the programme’s pilot, the company witnessed a reduction in churn of drivers with the platform. Scaling up For the platforms operating on a SaaS model, industry insiders questioned the scalability of the offering even while acknowledging an improvement in gig ... |
India's Russian oil import hits 12-month low but long-term appetite remains intact New Delhi: India's fell for a second straight month in January to its lowest in 12 months but the nation's insatiable appetite for Russian crude remains for the long term, according to data from energy cargo tracker and industry official... |
will continue to buy Russian crude oil as long as they make economic sense," an official said. Indian state firms buy Russian crude oil on a delivered basis, meaning the supplier has to make arrangements for shipping and the buyer pays only when oil is delivered at the receiving port. This is unlike sourcing from the M... |
Govt panel finds defect in battery cells in almost all EV fires New Delhi: In what could put EV two-wheeler manufacturers in a tough spot, the preliminary findings from the government-constituted probe committee on electric vehicle (EV) fires have found issues with battery cells/design in nearly all of the electric two... |
charged at home. The incident also left the Kotakonda Siva Kumar's wife and two daughters with severe burn injuries. To date, three Pure EV, one Ola, three Okinawa and 20 Jitendra EV scooters have caught fire in the country, raising burning questions about their safety. Several EV makers have recalled the faulty batche... |
'Zero fatality corridor': Crash deaths down by 58.3% on Mumbai-Pune E-way since 2016, says report The " " initiative has led to a 58.3% reduction in on the since 2016 and 32% since 2022, according to a report. Describing the reduction as "unprecedented", the report stated that this marks a "significant stride towards a... |
Piyush Tewari, said, "This is the result of the multi-agency collaborative approach of the programme. The success seen on this expressway has encouraged authorities across India to replicate this effort to save lives." "By scientifically understanding the causes of road crash fatalities, over 3,500 road engineering iss... |
Stop illegal bike taxis plying in city, RTO tells Uber The (RTO), Nagpur, has issued a show-cause notice to for illegally operating bike taxi services. Issuing a warning to terminate its licence for Nagpur city, the has asked the latter to stop the services immediately. Deputy regional transport officer Ravindra Bhuyar... |
Murugappa plan to split group into 3 hits a bump A plan to divide the equally among three family groups that’s been over two years in the making has got stuck, said people with knowledge of the matter. The Chettiar family had been negotiating an amicable split of the diversified business empire with over USD 9 billion ... |
Cholamandalam Finance. Coromandel International, formerly Coromandel Fertilisers, is the second largest manufacturer and marketer of phosphatic fertiliser in India. All three companies are steered by Vellayan Subbiah, executive vice-chairman of TII, who is also chairman of Cholamandalam Investment. He and his second co... |
are still in private domain. “It’s like punishing excellence.” Others working closely with the other camp are of the opinion that every branch of the family has at different points in history had a role to play in the success of each of the companies, especially the bigger ones. Earlier, all the family members were put... |
Russia offers India help in leasing and building large-capacity ships to overcome G7's oil price cap Russia has welcomed India's decision to not support the announced by and its allies and offered it cooperation on leasing and building large-capacity ships to overcome the ban on insurance services and tanker chartering... |
from handling Russian oil sold above the price cap. However, ships loaded with Russian oil before December 5 and unloaded at their destination before January 19, will not be subject to the price cap. A top government official said India can continue to buy Russian oil if it can send ships, cover insurance and devise a ... |
VinFast set to drive into India with locally assembled cars Vietnamese maker will enter the Indian market with locally assembled models, marking a shift from its earlier strategy of initially selling only imported EVs in the world's third-largest automobile market, said a person with knowledge of the plans. The revised... |
its memorandum of understanding with the Tamil Nadu government. VinFast is hoping that local assembly and competitive pricing will allow it to attain peak capacity of 50,000 units in the first year of its operations. It envisages India's nascent electric car market to end the current calendar year with 150,000 units, u... |
Michael Perschke, ex-Audi India MD, joins on the Board of Goldstone Technologies New Delhi: , founder-CEO of , on Saturday joined (GTL), as Director on the Board. He was also a Senior Director at , Managing Director at , and Director Steering of the at the . He has also worked for in Europe, and Mercedes- Benz in India... |
Swiggy disbursed INR 102 crore in loans to delivery partners in last 12 months platform on Tuesday said that in the last 12 months, it has facilitated the disbursement of loans worth INR 102 crore, of which INR 10.1 crore was disbursed in November alone. Swiggy has partnered with Betterplace and to enable such loans. T... |
Your connected car knows you. The tussle for that data's hitting high gear Where you go. What you pass. Where you stop. What you listen to. What you watch. Your good habits. Your bad habits. Companies in Europe and beyond are vying for control of the crown jewels of the : your vehicle's data. The contest is entering a ... |
of value creation and innovation", adding that customers have "full control" over it, citing vehicle security and customer sovereignty as its main focuses. BMW rejected suggestions it was withholding data. The German company said it can share nearly 100 data points with third parties if drivers requested it and could m... |
as you cannot leave this in the hands of car manufacturers," said Nicolas Jeanmart, industry group Insurance Europe's head of personal and general insurance. "It should be for each driver to decide what they want to do with their data." FIGIEFA's Gotzen said that would allow car owners to link their preferred repair sh... |
Tesla plans to slash production in its Shanghai plant in January plans to run a reduced production schedule at its plant in January, extending the reduced output it began this month into next year, according to an internal schedule reviewed by Reuters. Tesla will run production for 17 days in January between Jan. 3 to ... |
Why auto companies are feeling lost this festive season India’s Motown is feeling a bit lost this festival season. Multiple long-term and short-term factors are giving it a bumpy ride, including policy adrift, the electric vehicle (EV) versus hybrid battle, muted consumer sentiments, Kerala flood, rising interest rates... |
for other carmakers. The other problem is easier to fix. In India, market share is calculated on the basis of factory dispatches rather than dealership sales. Consequently, original equipment makers follow a push, rather than pull, strategy. This increases dealer inventory and working capital needs. It is time Motown f... |
in the initial outgo. From September, buyers of new vehicles will have to shell out more money, as an insurance policy released by the government has mandated that car and two-wheeler buyers must also purchase a three-year and five-year insurance cover, respectively , instead of an annual cover like now. Earlier, insur... |
and the top two have close to 70 per cent. Meanwhile, market leader Maruti Suzuki rolled out a “routine” management reshuffle in summer, which some industry sources say is not so routine. Oversight has been made tighter, with Japanese executives shadowing their Indian counterparts at even the mid-level and in many new ... |
How free-wheeling Texas became the self-driving trucking industry's promised land FORT WORTH, Texas - For companies working to make self-driving trucks a near-term reality, all roads lead to Texas. Vast highways, a booming freight market and, crucially, the least restrictive laws governing autonomous vehicles (AVs) in ... |
of Texas A&M University's Transportation Institute, said he saw no indication companies were rolling out their technology irresponsibly. Winfree, also part of the state-led AV task force, is now working on campaigns to inform Texans about the technology that will soon be among them. "We need to get to a point where see... |
Chinese EV-makers rush in and upend a country's entire auto market Ma Haiyang and eight of his colleagues arrived in Thailand a year ago to establish the first overseas operation for , an electric vehicle maker from China. They had no office, no factory, no local employees and, basically, no clue. The Aion team set up ... |
as the "Detroit of Asia," it serves as a regional manufacturing hub. Its proximity and strong trade ties to China also allow Chinese cars to be imported quickly and inexpensively. "It's a beachhead market," said Tu Le, a managing director of the consultancy Sino Auto Insights. "It suits a lot of Chinese brands because ... |
the grandchildren of Siam Motors' founder, control Rever Automotive, which is the exclusive distributor for BYD cars in Thailand. BYD, China's leading EV company, competes directly with Siam Motors' longtime partner, Nissan. BYD sold more cars in Thailand than Nissan did last year, even though the Chinese automaker had... |
conditions. On his desk at Aion's offices in a Bangkok high-rise, Ma displayed a miniature model ship that captures the spirit of Chinese automakers prospecting for customers. Written on the ship's sails is a Chinese phrase: "Ride the wind, cleave the waves and return with a full load." |
Castrol India reports second quarter results for 2023 New Delhi: has announced its results for the second quarter ended 30 June 2023. The Company follows the calendar year (January to December) for its financial reporting. For the quarter (2Q) from April to June 2023, the company registered revenue from operations at I... |
Warren Buffett says Berkshire not planning to buy Occidental Petroleum said on Saturday that Inc is not planning to acquire but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected speculation that Berkshire would buy Occidental after having ac... |
Volta Trucks to debut all-electric Volta Zero at ACT Expo in California has confirmed the US launch and first public display of the all-electric Volta Zero at the (ACT) Expo between May 1 and 4, as Volta Trucks further develops its launch plans for the US market. The ACT Expo takes place near Los Angeles in Anaheim, Ca... |
the vehicle on either side, always onto the sidewalk for their own safety, and through sliding rather than swinging doors, to also ensure the safety of passing cyclists. All Volta Zeros benefit from the same world-class safety standards, as well as zero-tailpipe emission powertrains, eliminating not only CO2 emissions ... |
EVRE upgrades its EV hubs with fast charging ecosystem, other amenities New Delhi: electric vehicle (EV) charging Infratech will enable all its 52 EV charging hubs with . The upgrade will enable the charging hubs with AC chargers (3.3 KW IndustrialT and CCS) for all its consumers including EV fleets and retail customer... |
We are living in a golden age of supply chain innovation: Uber Freight’s Lior Ron Logistics moves the global economy in the 21st century, says Lior Ron, Co-Founder and Head, . “It is more than 10% of the global GDP. It is a $4-trillion global market, with almost $1 trillion in the United States. Each one of us is order... |
But it is getting better as peak supply is much more than before. It is easier with the demand but there is still a lot of volatility. It is going to get better towards the end of this year but it is still going to be an unknown territory. Technology can play a very important role.” Delving more on the , Ron said it wa... |
Popular Vehicles IPO subscribed 45% on day two of offer The initial share sale of Limited got subscribed 45% on the second day of subscription on Wednesday. The INR 601.55 crore-Initial Public Offer ( ) received bids for 65,31,800 shares against 1,44,15,110 shares on offer, as per NSE data. The portion for (RIIs) attra... |
Minda Corp exits Pricol with 15% stake sale, rakes in INR 260 cr profit After almost a year of investing in Ltd, Minda Corporation exited the maker by selling its entire 15.7% stake through the open market on Wednesday. sold 1,91,22,458 shares of Pricol at an average price of INR 345 apiece for approximately INR 660 cr... |
GC&C Italy, Pirelli, and Aon agree on new insurance solution (GC&C) Italy, , and have signed an agreement on an innovative solution linked to the Sustainable Development Goals (SDGs) of the , taking up a further challenge in the ESG sphere, aimed at enhancing risk quality for stakeholders. The insurance solution, devel... |
journey. Aligned with the UN Sustainable Development Goals guidelines, this project strives for continuous improvement of employee and product-related health and safety initiatives”. Marco Dubini Daccò, Executive Chairman of Aon S.p.A . , said, “We are pride in collaborating with Pirelli and Generali GC&C Italy to deve... |
Six Sense Mobility raises seed round from Piper Serica VC company has successfully raised INR 6 crore in a seed round from , an angel investment firm in Mumbai. Previously, the company had received funding from Saurabh Nayyar of Docbel Group. The funds will be utilized to expand the team, enhance production capacity, a... |
having a great founding team and a strong customer traction,” said Ajay Modi, Director of Investments at Piper Serica Angel Fund. Six Sense Mobility's commitment to enhancing vehicle safety through advanced technology sets it apart in the smart mobility sector. The recent investment by Piper Serica VC underscores the c... |
CNH Industrial's striking Wisconsin workers to vote down offer: Union By Bianca Flowers at a plant in are expected to vote against ratifying the latest contract offer from the construction and maker, possibly extending an eight-month long strike, a union representative said on Wednesday. Local members of the (UAW) unio... |
Ashok Leyland introduces ‘Sarathi Suraksha Policy’ for drivers New Delhi: , the Indian flagship of the Hinduja Group and one of the country’s leading , Monday launched ‘ ,’ a comprehensive insurance policy for safeguarding the driver community. The "Sarathi Suraksha Policy" provides coverage of up to INR 10 lakh per ch... |
Analysis: Glencore coal deal shows power of fossil fuels - even on their way out Glencore's deal to buy ' steelmaking coal unit shows how cheap fossil fuels can be a lucrative option for companies - for a decade or two at least - even as they are phased out in favour of renewable energy. Western companies may be loathe... |
Thermal coal prices stand at around $120 a tonne, after surging to a record high above $400 last year as countries desperately sought alternatives to Russian gas after the start of the war in Ukraine. "Asia is not going to stop burning coal any time," said an investor at a natural resources fund, adding that the compan... |
From war to business to economy, why NavIC is the tech for a rising India The story of , India's homegrown GPS alternative, is the story of how India changed from a country that depended on others for its crucial needs to the one that is confident of creating a place of its own in the global power hierarchy. With Apple... |
efficiency. Effective route planning can ensure that goods reach the destination on time; the fuel and driver costs are minimal; truck utilisation improves; and there is less vehicle wear and tear. All these factors contribute to the success or failure of a logistics operation. A desi GPS, which is better for Indian co... |
main difference is the serviceable area covered by these systems. GPS caters to users across the globe and its satellites circle the earth twice a day, while NavIC is currently for use in India and adjacent areas. The government aims to expand the coverage from regional to global to ensure availability of NavIC signal ... |
Vehicle sales in May hold on to green; but PVs, 2Ws far below previous records: SIAM New Delhi: Automobile wholesales in May 2022 were up 245% to 1,532,809 units in May 2022 and the year-on-year sales were in green across the segments, according to the latest data by the ( ). In May 2021, the industry recorded total wh... |
Ford CEO says EV prices may not drop to ICE vehicle levels until 2035 The cost to make electric vehicles may not drop to the level for gas-powered cars until after 2030 when the process becomes simpler and less labor-intensive, Motor Co Chief Executive Jim Farley said on Wednesday. At an investor conference, Farley sai... |
BikeWo appoints 25 dealers, unveils 15 multi-brand EV dealership stores pan India New Delhi: Hyderabad-headquartered today launched its flagship multi-brand electric two-wheeler dealerships pan India, starting with Telangana and . As a part of this, the company today has appointed 25 dealers and unveiled 15 dealership ... |
GrowthCap Ventures invests in Advance Mobility New Delhi: , an early-stage venture capital firm, has made its maiden investment in . The investment signals GrowthCap Ventures' commitment to fostering innovation and driving growth within the rapidly evolving mobility industry. This strategic investment signifies GrowthC... |
Magma HDI General Insurance develops specialised insurance cover for EV batteries The Poonawalla Group-owned is offering electric vehicle owners a ‘ ’ cover that protects against any damage to the battery. The company has launched this cover because prevailing insurance offerings are primarily tailored for internal com... |
Rupee plummets vs dollar, RBI seen smoothening volatility NEW DELHI: The slumped against the US dollar on Wednesday as a fresh surge in global crude oil prices deepened concerns about a wider domestic current account deficit as well as upside risks to inflation, given that India is a huge importer of the commodity. Wit... |
No 48-hour rule on reporting vehicle theft: Consumer forum No rule mandates that the theft of a vehicle should be reported by its to the within 48 hours of the incident, a city consumer court said after hearing the plea of a 52-year-old man whose scooter was stolen. The insurer had refused to compensate him, alleging t... |
Bengaluru traffic cops plan to end manual vehicle checks In good news for vehicle users, Bengaluru city traffic cops are preparing to do away with manual interception of motorists for violations and document verification, reports Niranjan Kaggere. According to the (Traffic) M A Saleem, cops will for violations through ... |
Indian consumer prioritizes experience over vehicle cost: 2023 Global Automotive Consumer Study New Delhi: In India, despite fears of inflation, consumers are opting to pay a premium for their next vehicle. Vehicle buyers in the INR 10 lakh–25 lakh price range accounted for approximately 47%. For INR 10 lakh and below,... |
have shown their trust in their servicing dealer (36%) and the manufacturer (32%), signalling the importance of these stakeholders in the customer relationship. 3.Safety is a key priority for India. Consumers are willing to share data and/or vehicle or operational data with the manufacturer or a third party to receive ... |
Sitharaman urges private sector to leverage new opportunities and invest in India New Delhi: Finance Minister on Saturday urged the private sector to increase leveraging on the opportunities created by the high capital expenditure by the government. Referring to the Union Budget 2022-23 focus on increasing the capital ... |
BPCL seeks extra Gulf oil, fearing Russian supply hit: Source State-run Indian refiner Bharat Petroleum Corp. is seeking extra oil from Middle Eastern producers for April, fearing Western sanctions against Russia could hit deliveries of Urals crude, a source familiar with the matter said. , India second-biggest state r... |
Strong competition coming Tesla way with budget segment electric cars New Delhi: Within a couple of years, will face strong competition from traditional automakers like , and , which released their ambitious plans last year, a new report said on Monday. Though it will be difficult for them to overtake Tesla sales any t... |
CCPA directs Amazon, other e-tailers to delist car seat belt alarm stopper clips Consumer protection regulator CCPA has directed 5 e-commerce companies, including and , to permanently delist all car stopper clips as the product stops the alarm beep when not wearing seat belts, thus compromising passengers' safety. Afte... |
alarm beep when not wearing seat belts can be unsafe and dangerous to the life and safety of consumers. The action taken in the present cases assumes significance given that as per the latest report published by MoRTH, more than 16,000 persons were killed in road accidents in 2021 due to not wearing seat belts, of whic... |
Oil extends gains after news of EU's Russian oil ban proposal edged higher at the start of Asian trade on Thursday, extending gains from the previous session, after the European Union proposed new sanctions against Russia that included an embargo on crude oil in six months. rose 22 cents to $110.36 a barrel by 0:02 GMT... |
Allianz warns against car ship fire risk Frankfurt -Fires on are increasingly the source of major losses, said in a study published Tuesday. "Fires on board large vessels remain the top issue for the shipping industry," said Rahul Khanna, the head of maritime risk consulting at Allianz's industrial division AGCS. The p... |
Exide Industries Q3 results: PAT rises 2.3% YoY to INR 203 cr Battery maker on Wednesday reported 2.3% increase in consolidated profit after tax at INR 202.69 crore for the third quarter ended December 31, 2023. The company had posted a consolidated profit after tax (PAT) of INR 198.14 crore in the same quarter last fi... |
LG Energy Solution opens books for South Korea's largest IPO at up to $10.8 bln HONG KONG - Korean battery maker has opened the books to investors to raise up to $10.8 billion in the country's largest initial public offering (IPO), according to a term sheet seen by Reuters. The shares will be sold in a price range of 2... |
Hyundai, Kia offer software upgrade to 8.3 mln U.S. vehicles to prevent thefts and will offer software upgrades to 8.3 million U.S. vehicles to help curb increasing car thefts using a method popularized on TikTok and other social media channels, the Korean automakers said on Monday. TikTok videos showing how to steal c... |
Surging auto insurance rates squeeze drivers, fuel inflation rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as at the consumer level steadily cooled from its 9.1% peak in the middle of that year. Consumers have had some relief as the rate of cost inc... |
in 2024. "Companies are getting a lot closer to rate adequacy now," Smolan said. "I think you'll see some flattening out of the real large increases." The process of obtaining auto insurance can be confusing and overwhelming, considering the differing mix of requirements in each state, extra options and the confusing i... |
Russia oil discount to India shrinks to USD 4, delivery charges remain opaque The steep discounts on crude oil that gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain 'opaque' and higher than normal, sources said. Russia bills Indian refiners at ... |
of months back. Sources said Indian refiners buy crude oil from Russia on a delivered basis, putting the onus on Moscow to arrange for shipping and insurance. While the invoicing for oil is at or a shade less than USD 60 per barrel, the shipping and insurance rate billed is as per quotes Russia gets from three not-so-w... |
Govt to sell up to 1.5% stake in ONGC to raise INR 3,000 cr New Delhi: The government will this week sell up to 1.5 % of its stake in the country's top oil and gas producer to raise about INR 3,000 crore. The Offer For Sale (OFS) by the government will be open on March 30 and 31, (ONGC) said in a stock exchange filing ... |
Hyundai Motor, Kia EVs receive top ratings in major global crash safety tests (EV) models produced by South Korea's and have received top ratings in major , the automakers said on Sunday. According to the companies, five and Kia EV models utilising the E-GMP, Hyundai Motor Group's proprietary EV platform, achieved the ... |
Most automated driving systems are lousy at making sure drivers pay attention, insurance group says Most electronic systems that take on some driving tasks for humans don't adequately make sure drivers are paying attention, and they don't issue strong enough warnings or take other actions to make drivers behave, accord... |
to steer, there should be audible and visual alerts within 10 seconds. Before 20 seconds, the system should add a third alert or start an emergency procedure to slow down the vehicle, the institute said. Automakers should also make sure safety systems such as seat belts and automatic emergency braking are activated bef... |
UAW workers to vote on CNH offer 8 months after strike began More than 1,000 striking will soon vote on an offer from the maker of construction and agricultural equipment for the first time since they walked off the job eight months ago. The union said this week that it decided to put the company's "upgraded last, best... |
Leasing model behind Europe's EV drive at risk of breakdown Low resale values for have pushed the that drive Europe's auto market to double prices over the last three years and some are threatening to quit the business altogether if regulators force them to go electric too fast, industry executives say. The jump in pri... |
to be cheap," said Gary Cambridge, a partner at used car dealer Cambridge Motors in London. "If they're expensive, people don't want them." Leasing companies approached by Reuters declined to give specific details about any losses on EV contracts from the slump in residual values. Signs of the electric pain have shown ... |
value for an asset, opened an office in Europe last year to field coverage queries. Wei Fan, RVI's executive vice president for passenger vehicles, said he'd seen more requests from Europe in the past three years - all from leasing companies and banks - than in the previous 14 years worldwide. He said he expected EV pr... |
India's new EV policy to help launch many eco-friendly premium-quality SUVs: VinFast Auto Vietnam's electric car maker on Monday said India's new policy that provides for companies setting up units in the country with a minimum investment of USD 500 million will allow it to introduce a wide variety of eco-friendly prem... |
built units attract customs duty ranging from 70-100 per cent, depending on the engine size and cost, insurance and freight value less or above USD 40,000. The policy seeks to promote India as a manufacturing destination for EVs and attract investment from reputed global EV manufacturers. |
Indian shares tread water ahead of inflation data, earnings barrage Indian shares were muted on Monday as investors awaited , due later in the day, for clues on the central bank's interest rate trajectory and ahead of a slew of corporate earnings reports. The NSE Nifty 50 index was up 0.1% to 18,366 as of 0405 GMT, whi... |
Russia to cut oil output by 500,000 bpd in March will cut by 500,000 barrels per day, or around 5% of output , in March, Deputy Prime Minister said on Friday, after the West imposed price caps on and oil products. The price of Brent crude rose on the news of the output cut from Russia, the world's second-largest oil ex... |
following a raft of new sanctions from the West, Russia is facing more challenges in selling oil, a key source of revenue for the state budget, which posted a $25 billion deficit in January. Lower export volumes shrank Russia's current account surplus by 58.2% to $8 billion in January, squeezing Russia's capital buffer... |
Russian oil price for India eased in September vs August: data The average landed price of for in September eased from August, according to Indian government data, indicating widening discounts. Spot discounts for in September started to widen as Indian refiners reduced purchases due to high prices and maintenance outa... |
Formal job creation in India slows down in August: MoSPI Formal slowed down in August after remaining buoyant for the last four months across the Employees’ Provident Fund Organisation, the Employees’ State Insurance Corporation and the . The provisional payroll data released by the and programme implementation on Tues... |
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