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Volvo to end diesel car production by 2024, to become all-electric carmaker

Sales of diesel models have declined rapidly in Europe since Volkswagen's emission-cheating scandal.

Huawei unit ships Chinese-made surveillance chips in fresh comeback sign

The shipments to surveillance camera manufacturers from the company's HiSilicon chip design unit started this year

Ola Electric eyes IPO filing by end-October in expedited listing plan

Backed by investors including Singapore's Temasek and Japan's SoftBank, Ola Electric was valued at $5.4 billion in a recent fund raising

GIC, TPG healthcare fund buys major stake in AINU hospital chain for $72 mn

The acquisition marks Asia Healthcare's foray into urology and nephrology segments after oncology, women and child care through Motherhood Hospitals and infertility treatment via Nova IVF Fertility

Uber Eats to roll out AI assistant to help find deals, more payment options

Uber Eats will get a dedicated section to showcase promotional offers called "Sales Aisle". The new features are set to roll out this year or in 2024

Govt to sell up to 4.92% stake in utility company SJVN from Thursday

The sale of the federal government's 4.92% in the state-run hydro power generation firm could earn it about 13.34 billion rupees ($160.81 million)

Russia's Alrosa suspends diamond supply for Sept-Oct to aid weak prices

Shah also said the GJEPC had communicated with top diamond producer De Beers, a unit of Anglo American, which had pledged to "provide complete flexibility to all their clients."

Govt plans over $2 billion in incentives for new manufacturing sectors

A fraction of the PLI incentives has been claimed so far, prompting the government to allocate unused funds to new sectors

India to find 'pragmatic solutions' on tobacco rules for streaming firms

To curb tobacco use, India in May ordered streaming platforms to insert static health warnings during smoking scenes and at least 50 seconds of anti-tobacco disclaimers at the start

Akasa flying less after some pilots quit abruptly: CEO Vinay Dube

The company has initiated legal action against the pilots that have quit without serving their mandatory contractual notice period, Dube said

Willing to wait to regain oil from Russian project, says ONGC Videsh

Putin last year removed an Exxon Mobil subsidiary as operator of the Sakhalin-1 oil and gas project in Russia's Far East and transferred it to a new operator

Vladimir Putin and Xi Jinping to meet in Beijing in October, says Russia

Putin will attend the third Belt and Road Forum after an invitation by Xi during a high-profile visit to Moscow in March

India will receive heavy monsoon rains in September, says weather chief

The monsoon, the lifeblood of India's $3 trillion economy, delivers nearly 70% of the rain needed to water its farms and recharge reservoirs and aquifers

Instacart valuation zooms above $14 billion after stock pops 43% in debut

The IPO gave Instacart a valuation of nearly $9.9 billion, a fraction of the $39 billion it was worth in 2021, the company's last funding round

India names ex-govt official, former WhatsApp exec as new antitrust members

The new members appointed are Anil Agrawal, a former police official who recently worked at India's commerce ministry and worked on various startup initiatives

Oil imports fall for third month in row in Aug on lower Russian shipments

Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and Analysis Cell (PPAC) data showed

Amazon plans to hire 250,000 US workers for holiday shopping season

Its boost in hiring comes after it added 50 new fulfillment centers, delivery stations and same-day delivery in the US

Newest laptop chips, software will handle GenAI chatbot, says Intel

ntel executives also expect to say that the company is on track to deliver a successor chip called "Arrow Lake" next year, and that Intel's manufacturing technology will rival the best

Global debt hit record $307 trn in Q2 despite rising interest rate

The financial services trade group said in a report that global debt in dollar terms had risen by $10 trillion in the first half of 2023 and by $100 trillion over the past decade

HSBC hires eight former Credit Suisse bankers to global equities unit

The appointments have been made to the bank's high touch and portfolio trading desks, across several locations including London, New York, Hong Kong and Mumbai