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GM profit surges to $2.98 billion on sales of higher-margin trucks

Read more about GM profit surges to $2.98 billion on sales of higher-margin trucks on Business Standard. General Motors first-quarter net income surged to $2.98 billion as strong US consumer demand and higher prices offset production cuts brought on by a global shortage of computer chips ....

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Here's how Biden can gain upper hand against Putin

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In his second telephone conversation with Putin, Biden “made clear that the United States will act firmly in defense of its national interests in response to Russia’s actions, such as cyber intrusions and election interference.”
Tough talk, but Biden ended the conversation with a surprise (and inappropriate) invitation to a summit. A summit that Putin has so far declined to accept, even as he continues to mass troops along the Ukraine border and block seaways to that nation.
This repudiation of Biden’s ill-prepared offer to meet with the “killer” Putin is humiliating. As is Biden’s decision to recall two U.S. warships that had been en route to the Black Sea as a show of force. Putin barked, warning the U.S. to stay clear of the area “for their own good,” and Biden blinked. ....

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ONGC's share in India's oil, gas production rises to 70% from 53%

State-owned ONGC, which is often perceived as a drag on the crude oil and natural gas produced in the country, has actually seen its contribution to the national production jump to over 70 per cent from under 53 per cent a decade back, petroleum ministry data showed.
While Oil and Natural Gas Corporation (ONGC) maintained production levels, output by other operators has dropped, leading to an overall fall in India s output and a sharp rise in import dependency.
Its standalone production at 47.51 million tonnes of oil and oil equivalent gas in 2010-11 was 52.8 per cent of a total of 89.91 million tonnes of oil and gas produced in the country that year, the data showed. ....

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OPEC Says India's 2021 GDP Growth Forecast Revised Up To 9% From 7.5%

Read more about OPEC Says India s 2021 GDP Growth Forecast Revised Up To 9% From 7.5% on Business Standard. The Organization Of Petroleum Exporting Countries (OPEC) stated in a monthly update yesterday that the current reading signalling a further expansion in the services sector in India, which makes up more than 50% of India s gross domestic product, ....

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India's Primary Energy Consumption Seen Almost doubling Over Next Two Decades Says IEA

Read more about India s Primary Energy Consumption Seen Almost doubling Over Next Two Decades Says IEA on Business Standard. India will overtake the European Union as the world s third-largest energy consumer by 2030, the International Energy Agency (IEA) said on Tuesday as it estimated India accounting for the biggest share of energy demand growth over the next two ....

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