By Nidhi Verma NEW DELHI (Reuters) – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification assets, the conglomerate said in a presentation. Owned by billionaire Mukesh Ambani, Reliance has in the past year unveiled plans to reduce its dependence…
(Reuters) -Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. Data on Thursday showed U.S. consumer prices rose at their fastest pace since the early 1980s, fuelling market speculation for…
NEW YORK (Reuters) – The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large U.S. banks also dropped their mask requirements at their U.S. offices. The NYSE, which is owned by Intercontinental Exchange Inc, is now making masks optional on the…
(Reuters) -Network gear maker Cisco Systems Inc has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The offer was made recently and the companies are not in active talks, the newspaper said https://www.wsj.com/articles/cisco-made-20-billion-plus-takeover-offer-for-splunk-11644622277?page=1, citing some of…
(Reuters) – Raytheon Technologies Corp said it is a target of a U.S. Department of Justice investigation into hiring practices in the aerospace industry, the U.S. aerospace and defense firm said in a filing on Friday. No criminal charge has been filed against the company or its affiliates, the company added. Raytheon had received a…
FRANKFURT (Reuters) – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly newspaper. “After hybridisation, we will wait to see whether it will be possible to offer vehicles with an internal combustion engine beyond 2030,” he…
SACRAMENTO, Calif. (AP) — California would mandate that all businesses require their employees and independent contractors to receive the COVID-19 vaccine under legislation announced Friday by Democratic state lawmakers that was immediately criticized by Republicans as government overreach. Employees or contractors who qualify for medical or religious exemptions would have to be regularly tested under…
By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis is recalling 19,808 plug-in hybrid minivans and urged owners to stop recharging them, after reports of 12 fires in parked vehicles. The automaker said the recall covers 2017-2018 Chrysler Pacifica Hybrid vehicles. All were parked and turned off, while eight were connected to chargers. Stellantis said it…
FRANKFURT (Reuters) – Allianz on Friday said it will pay about 207 million euros ($235 million) to acquire Greek insurer European Reliance, a move that will create the country’s fifth-largest insurer based on gross written premiums. The 7.80 euros per share bid represents a 15.7% premium to Friday’s closing price, Allianz said, adding it was…
By Hannah Lang and Herbert Lash WASHINGTON (Reuters) -The dollar rose along with other safe-haven assets on Friday after the United States said Russia has massed enough troops near Ukraine to launch a major invasion. A Russian attack could begin any day and would likely start with an air assault, White House national security adviser…
