German Manager Magazin: China’s industrial profits plummet002513

Chinese industrial companies’ profits plummeted in the first four months of 2023. This is according to official data published on Saturday in China were published. According to data from the National Bureau of Statistics (NBS), January-April earnings fell 20.6 percent from the same period last year, compared with a 21.4 percent decline in the first… Continue reading German Manager Magazin: China’s industrial profits plummet002513

Getaround Expands Executive Leadership Team

Getaround has named Eduardo Iniguez, senior vice president of Finance & Strategy, and AJ Lee, vice president of Gig Marketplace. Iniguez and Lee both join Getaround following the Company’s acquisition of HyreCar’s assets, a U.S. gig carsharing marketplace. Through this acquisition, Getaround expects to accelerate its path to profitability, while unlocking additional earning potential for hosts… Continue reading Getaround Expands Executive Leadership Team

AI Use in Car Rental Agencies: Top Security Concerns

Federal laws and regulations are needed to prevent cyber attacks. Pixabay As artificial intelligence (AI) advances and becomes more prevalent among rental car companies, it is likely the industry will see more cases involving its abuse or misuse. There have already been some notable cases where AI was involved in computer crimes. In 2019, the US… Continue reading AI Use in Car Rental Agencies: Top Security Concerns

ONGC sees INR 248 crore loss in Q4

New Delhi: Oil and Natural Gas Corp (ONGC) has swung to a loss of INR 248 crore in the fourth quarter after it provided for disputed taxes on royalty. It had reported a profit of INR 8,860 crore in the year-ago quarter. Revenues rose 5 per cent year-on-year to INR 36,293 crore in the fourth… Continue reading ONGC sees INR 248 crore loss in Q4

BP, Petronas in race to invest in Greenko founders’ new platform

BP is competing with Petroliam Nasional Bhd or Petronas, the Malaysian state-owned energy company, to invest USD 1.5-2 billion for a significant minority stake in a new platform wholly owned by the two founders of Greenko, Anil Chalamalasetty and Mahesh Kolli, said people aware of the development. Discussions have advanced with both parties and Greenko… Continue reading BP, Petronas in race to invest in Greenko founders’ new platform

Gujarat: ONGC asked to pay damages for crude oil leak in Bharuch district

Updated On May 27, 2023 at 09:41 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals Bharuch: The Gujarat Pollution Control Board (GPCB) has ordered the Oil and Natural Gas Corporation (ONGC) to pay INR 50 lakh in damages for the spillage of crude oil from its pipeline in Bharuch district, an… Continue reading Gujarat: ONGC asked to pay damages for crude oil leak in Bharuch district