Ford to cut 4,000 European jobs, cites weak EV demand and competition
Berlin: Ford announced plans to cut around 14% of its European workforce, equating to 4,000 jobs, citing weak electric vehicle (EV) demand, limited government support, and competition from subsidized Chinese automakers, media reports said.
Salesforce Ventures portfolio company A5 makes strategic expansion in Europe
Pleasanton (California): A5, a Salesforce ventures portfolio company and a multi-cloud digital transformation solutions provider, announced a strategic expansion into the European zone.
New Delhi/IBNS: The representatives of European Free Trade Association (EFTA) States, comprising Iceland, Liechtenstein, Norway, and Switzerland met with Commerce and Industry Minister Piyush Goyal on Wednesday in New Delhi to discuss the prospects of resuming their negotiations towards a Trade and Economic Partnership Agreement (TEPA).
European countries reviving coal-fired power units amid shortage of gas supply
Ahead of the winter season, many European nations are prepping up their coal-fired power plants as a last resort to cover the gap in case other sources cannot produce enough electricity, especially due to lower gas flows from Russia as a result of disputes triggered by its invasion of Ukraine, media reports said.
Ukraine War: Mukesh Ambani's RIL supplying diesel to Europe from Jamnagar refinery
Mukesh Ambani-led Reliance Industries is sending shipments of diesel to Europe amid a global energy crunch spurred by Russia’s invasion of Ukraine, media reports said.
Apollo Tyres Ltd registers Q2 consolidated net profit of Rs 174 cr
Kochi/UNI/IBNS: Apollo Tyres Limited registered a consolidated net profit of Rs 174 crore in Q2 FY21 due to sturdy sales in domestic and international markets.