Ford Closes Indian Manufacturing Ventures As Its Indian Dream Gets Shattered

Last week. Ford became the latest foreign car maker to leave the Indian market following a disappointing period for it in terms of gaining market share in the country. But the company was apparently full of expectance when it had entered the market and built its first factory in India in the mid-1990s. Indian auto…

Semiconductor Supply Has Tightened Further, Says Daimler Truck Unit Chief

The supply crunch of semiconductor chips for vehicles at Daimler AG’s truck business, the largest in the world, has become acute further in recent weeks, said the division’s chief executive was quoted as saying in a report published in Frankfurter Allgemeine Sonntagszeitung. “Since the summer months the situation has intensified again,” Martin Daum told the…

Twitter’s New Feature Allow Self-Labelling Of  ‘Good’ Bot Accounts

Twitter has rolling out announced a new feature that will allow accounts to identify themselves as bots by adding a label on their profile. Twitter stated that the update was based upon research that revealed that its users wanted greater context on non-human accounts. The company also provided several examples of “good robots”, including accounts…

Kroger’s Profit Margin Impacted By Shipping Delays And Discounts

Kroger Co, the US supermarket chain, reported a drop in its main measure of profitability on Friday. It blamed discounts, wastage, and the significant squeeze on global supply chains as being the causes of the drop in profitability. This plunge sent Kroger’s shares plummeting by 6.4 per cent. US retailers spent more this year on…

Ford Motor To Shut Factories In India, Following Similar Decision By GM And Harley  

Ford Motor Company was one of the first carmakers to enter India’s market after liberalization in 1991. And now it is the latest one to leave the market in terms of local production.  According to the American company, it had suffered losses exceeding $ 2 billion over the past 10 years and that approximately 4,000…

Chevron Corp plans on selling sustainable aviation fuel to Delta Air Lines

In a statement Chevron Corp and Delta Air Lines said, the former plans on producing a test batch of sustainable aviation fuel (SAF) and sell the same to Delta Air Lines at the Los Angeles International Airport, as part of a partnership the companies announced with Google to track SAF test batch emissions data using cloud-based technology.…

Crypto change CrossTower enters India despite uncertainty

In a significant development U.S.-headquartered digital currency exchange CrossTower has set up a local unit in India and has launched a trading platform to increase its traction in the burgeoning domestic crypto market. The development comes at a time when the fate of cryptocurrency is still unclear in India. CrossTower India has hired 35 people…