Industry - general

Oil prices dip on surprise U.S. inventory build and geopolitical jitters

By Axel Miller | 22 May 2025

Oil prices continued their downward drift on Thursday, marking a third consecutive session of losses.

Disney Sets Sights on Abu Dhabi for First Middle East Theme Park with Miral Partnership

08 May 2025

Walt Disney is making a bold move into the Middle East, announcing plans to open its first-ever theme park in the region—right in the heart of Abu Dhabi

Oil prices poised for second weekly drop amid US-China trade tensions

11 Apr 2025

Oil markets are heading for another weekly decline as ongoing trade tensions between the United States and China cast a long shadow over global demand forecasts.

Tesla enters Saudi Arabia: A cautious debut amid high ambitions and lingering challenges

10 Apr 2025

Tesla has officially launched sales in Saudi Arabia, marking its long-awaited entry into a country with bold electric vehicle ambitions—but daunting logistical and political hurdles.

Aerospace industry in turmoil: Tariff shockwaves trigger global contract battles

08 Apr 2025

Global aerospace giants — from suppliers to airlines — are locked in a fierce battle over rising tariffs, dissecting billions of dollars’ worth of contracts to shield themselves

India’s coal production surpasses 1 billion tonne mark in FY25

22 Mar 2025

India has set a milestone in coal production, surpassing one billion tonnes (as of 20 March 2025) in the financial year 2024-25.

NASA’s SpaceX Crew-9 back on Earth after 286-day science mission

19 Mar 2025

A SpaceX Dragon spacecraft carrying NASA astronauts Nick Hague, Sunita Williams, Butch Wilmore, and Roscosmos cosmonaut Aleksandr Gorbunov splashed down in the water off the coast of Tallahassee

Tesla applies for homologation of Model 3 and Model Y in India

17 Mar 2025

Elon Musk’s Tesla Motors, which recently opened its first showroom in Mumbai, is reported to have now applied for homologation of two cars – Model Y and Model 3 – tht are planned to be first introduced in India.

Sweden’s top EV battery maker Northvolt files for bankruptcy

12 Mar 2025

Swedish battery maker Northvolt AV has filed for bankruptcy, done down by rising capital costs, geopolitical instability, supply chain disruptions, and shifts in market demand, marking one of the largest corporate

India’s telephone subscriber base estimated at 1,189.92 million at end-December 2024

12 Mar 2025

The number of telephone subscribers in India increased from 1,187.15 million at the end of November 2024 to 1,189.92 million at the end of December 2024

KG Basin arbitral award a sham, says Delhi High Court

16 Feb 2025

The Delhi High Court has held the arbitral award passed in favour of Reliance Industries Ltd in the Krishna-Godavary Basin dispute as patently wrong and illegal

Honeywell to split into 3, spin off automation and aerospace businesses

07 Feb 2025

Honeywell on Thursday announced the completion of a comprehensive portfolio review, which would lead to the hiving off of its automation and aerospace businesses.

The cost of neglecting water transport

03 Feb 2025

Inland water transport is widely recognised as a cheaper and environment friendly mode of transport and, as per a report prepared by RITES

ABB, Skoda Group tie up to supply new battery-electric trains for Czech railways

24 Jan 2025

Electrical and instrumentation group ABB has entered into a long-term agreement with transportation group Skoda, under which ABB will supply its Pro Series battery packs

Hindenburg founder to close short-seller behind Adani, Nikola selloffs

16 Jan 2025

One man who is bound to be very happy with the news of Hindenburg Research closing down will be Gautam Adani

Oil edges upward, but ambiguity over sanctions restrains momentum

15 Jan 2025

Oil prices rose on Wednesday, reversing a part of an earlier session’s decline. The reason – apprehensions over potential disruptions tied to sanctions on Russian oil tankers

EU revisits antitrust scrutiny on Apple, Google, and Meta

14 Jan 2025

In what could become a dramatic turnaround, the European Union is reevaluating its scrutiny of tech behemoths, including Apple, Meta, and Google.

Oil prices rise as US sanctions target Russian exports to China and India

13 Jan 2025

Oil prices continued their upward trajectory for the third consecutive session on Monday, with Brent crude crossing $80 per barrel for the first time in over four months.

Berger, JSW look to acquire Akzo Nobel’s decorative paints business in India

11 Jan 2025

Berger Paints and JSW Paints are looking at acquiring Akzo Nobel, the maker of Dulux paints, as the Dutch multinational has started a review if its decorative pains business in South Asia.

Australia's Telstra ties up with Musk's StarLink for remote area connectivity

11 Jan 2025

Telstra, Australia’s top telecom service provider, on Thursday announced a collaboration with Elon Musk’s StarLink, to bring satellite-to-mobile phone connectivity to provide connectivity to customers in remote regions.

Tesla unveils redesigned Model Y in China to outpace competitors

By Cygnus | 10 Jan 2025

Tesla has launched a revamped version of its popular Model Y in China, aiming to strengthen its position in the highly competitive electric vehicle (EV) market.

Saudi Aramco and Sonatrach announce significant LPG price cuts

09 Jan 2025

In a move set to impact global energy markets, Saudi Aramco and Algeria’s Sonatrach have announced substantial price cuts for liquefied petroleum gas (LPG)

BP Eyes 44% boost in oil production from India’s largest field, says ONGC

09 Jan 2025

India’s largest oil and gas field, located off the country’s west coast, is set for a major output surge, as energy giant BP commits to ramping up oil production

Hyundai Motor Group announces record $16.7 billion investment in South Korea for 2025

By Axel Miller | 09 Jan 2025

Hyundai Motor Group, South Korea’s automotive giant, is set to make a landmark domestic investment of 24.3 trillion won ($16.65 billion) in 2025,

Mahindra sets up integrated EV and battery manufacturing facility at Chakan

09 Jan 2025

Mahindra & Mahindra has set up a dedicated manufacturing facility for electric vehicles (EVs) and an assembly line for batteries at its Chakan complex in Pune