Industry - general

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

SEBI warns Ola Electric over disclosure violations

By Cygnus | 08 Jan 2025

India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued a stern warning to Ola Electric for failing to follow disclosure norms.

Oil prices surge amid Russian and OPEC supply cuts, US crude stocks decline

08 Jan 2025

Oil prices climbed on Wednesday as tightening supplies from Russia and OPEC members combined with a drop in US crude oil inventories.

ONGC partners with BP to boost production at Mumbai High Field

08 Jan 2025

India’s biggest oil and gas explorer, Oil and Natural Gas Corporation (ONGC), has teamed up with global energy giant BP to enhance oil and gas production from the Mumbai High offshore field

Tata Punch emerges 2024 top selling car, ends Maruti’s unbeaten 40-year run

08 Jan 2025

Tata Motors SUV Punch emerged the highest selling passenger car in India, with a sales volume of 2.02 lakh units in 2024

CSIR develops antibiotic for drug-resistant bacteria, indigenous formula for Paracetamol

08 Jan 2025

Council of Scientific and Industrial Research (CSIR) has reported important breakthroughs, which include development of an anti-biotic to fight drug-resistant bacteria

Bajaj Auto overtakes Ola Electric, becomes India’s biggest EV scooter brand

07 Jan 2025

Bajaj Auto, one of India’s oldest two-wheeler brands, has taken a 25 per cent share in the country’s electric two-wheeler market in December 2024

Boeing faces continued scrutiny after 737 MAX incident, says outgoing US transport secretary

By Cygnus | 07 Jan 2025

Outgoing US transportation secretary Pete Buttigieg has stated that Boeing still has substantial work ahead in improving its corporate culture and safety protocols.

India’s metro rail network is now world’s third largest, and growing

06 Jan 2025

India’s metro rail system has grown to a 1,000 km network covering 23 cities across 11 states, emerging as the third-largest metro system in the world.