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Oil prices tumbled around 3% on Wednesday as investors worried that rate hikes by the Federal Reserve could push the U.S. economy into recession, dampening demand for fuel. Brent crude futures fell $2.91, or 2.5%, to settle at $111.74 a barrel. The global benchmark hit a session low of $107.03, its lowest since May 19. U.S. West Texas Intermediate (WTI) fell $3.33, or 3%, to settle at $106.19 a barrel. The session low was $101.53, its lowest since May 11. Investors assessed on Wednesday how interest rate hikes designed to cool soaring inflation might stall an economic recovery. Oil prices pared losses, however, during the session after Fed Chair Jerome Powell pledged an "overarching focus" on bringing down inflation and reiterated that ongoing increases in the central bank's policy rate would be appropriate, with the pace depending on the economic outlook. "Powell seemed to change the mood of the market by seeming confident about the U.S. economy," said Phil Flynn, analyst at … [Read more...] about Oil Falls Around 3% As Investors Eye U.S. Fed Rate Hikes

This is a carousel. Use Next and Previous buttons to navigate 3 The Russian military will soon exhaust its combat capabilities and be forced to bring its offensive in Ukraine's eastern Donbas region to a grinding halt, according to Western intelligence predictions and military experts. "There will come a time when the tiny advances Russia is making become unsustainable in light of the costs and they will need a significant pause to regenerate capability," said a senior Western official, speaking on condition of anonymity to discuss a sensitive issue. The assessments come despite continued Russian advances against outgunned Ukrainian forces, including the capture on Friday of the town of Severodonetsk, the biggest urban center taken by Russia in the east since launching the latest Donbas offensive nearly three months ago. The Russians are now closing in on the adjacent city of Lysychank, on the opposite bank of the Donetsk river. The town's … [Read more...] about Russia will soon exhaust its combat capabilities, Western assessments predict

The interior of a Hyundai Motor Co Ioniq 5 electric vehicle (EV) automotive robo-taxi displayed in the Gangnam district of Seoul, South Korea, on June 9, 2022. (Photo: Bloomberg) Pipe down for a second Elon, the hottest things in the auto industry — the most electric electrics — now come from Hyundai Motor Co. Earlier this year, the South Korean carmaker rolled out two new battery-powered cars — the Hyundai Ioniq 5 and its sibling, the Kia EV6 — which promptly tore up the sales charts, passing the Nissan Leaf, Chevrolet Bolt and every other electric vehicle on the market not made by Tesla. In the United States this year through May, Hyundai sold 21,467 of these two machines, besting even the white-hot Ford Mustang Mach-E, which was snapped up by 15,718 drivers. “From an EV perspective, they’re really just kind of cleaning the floor,” said Edmunds analyst Joseph Yoon. “I honestly don’t know if any dealers around me have any in stock.” Tesla still sells far more cars, but it … [Read more...] about Sorry Elon Musk. Hyundai’s quietly dominating EV race

Actor Kartik Aryan is basking in the orange glory of his latest release -Bhool Bhulaiya 2 - quite literally. The movie is running in theatres even in its sixth week since its release and that's a major feat in today's times. Celebrating the massive success, the movie's producer Bhushan Kumar of T-Series recently gifted Aaryan a swanky new McLaren GT supercar worth ₹ 4.7 crore (ex-showroom). The actor's garage is no stranger to exotics but the new McLaren is certainly a special one and the first GT to arrive in the country. Aaryan took to Instagram to announce the arrival of his new ride and even shared images of the same. Also Read: Actor Kartik Aaryan Brings Home The Lamborghini Urus View this post on Instagram A post shared by KARTIK AARYAN (@kartikaaryan) Captioning his post, Kartik Aaryan wrote, "Chinese khaane ke liye nayi table gift mil gayi. Mehnat ka phal meetha hota hai suna tha..Itna bada hoga … [Read more...] about Bhool Bhulaiya 2 Producer Bhushan Kumar Gifts Actor Kartik Aaryan McLaren GT Worth Rs. 3.73 Crore

The 2022 Hyundai Venue facelift went on sale in India last week and has already received over 21,000 bookings. The new Venue facelift comes with quite a few significant upgrades both on the outside and inside of the SUV and is offered in six variants - E, S, S+, S(O), SX and SX(O). Ex-showroom prices start at ₹ 7.53 lakh for the base petrol trim, going all the way up to ₹ 12.57 lakh for the range-topping turbo petrol variant. Here are few Pros and Cons if you are considering buying the 2022 Hyundai Venue facelift. Also Read: 2022 Hyundai Venue Facelift Review Pros Modern Looks The 2022 Hyundai Venue facelift is a well-designed, smart urban SUV that ticks many boxes and offers great value. Photo Credit: Prashant Chaudhary The most significant update the Hyundai Venue has received is in its looks and it design is definitely more futuristic and a bit sportier compared to the outgoing model. The 2022 Hyundai Venue facelift gets a wider 'Parametric Jewel Grille' … [Read more...] about 2022 Hyundai Venue Facelift: Pros And Cons

As per the notification dated 24th June 2022, Bharat New Car Assessment Programme rating will provide consumers with an indication of the level of protection offered to occupants by evaluating the vehicle in the areas of (a) Adult Occupant Protection (AOP) (b) Child Occupant Protection (COP) and (c) Safety Assist Technologies (SAT). The vehicle shall be assigned a star rating from one to five stars, based on scoring against various tests undertaken as per the Automotive Industry Standard (AIS) 197. Also Read: Nitin Gadkari Approves Bharat NCAP; Cars In India To Get Safety Rating Based On Crash Tests With the issuance of the notification, the government has inserted a new rule 126E in CMVR (Central Motor Vehicles Rules), 1989 regarding the Bharat New Car Assessment Programme (BNCAP), the Ministry of Road Transport & Highways said in a statement on Saturday. The new rule is applicable on Type Approved motor vehicles of category M1 [motor vehicles used for the carriage of … [Read more...] about Govt Issues Notification For ‘Bharat New Car Assessment Programme’

Home Four wheelers oi-Athul By Athul Updated: Saturday, June 25, 2022, 15:43 [IST] The Ministry of Road Transport and Highways has approved the draft notification for Bharat-NCAP. This will allow the OEMs to test their vehicles in the country's own in-house test facilities - inching a step closer to becoming Aatmanirbharbharat. New Car Assessment Program, otherwise known as NCAP aims to improve the safety of automobiles. USA laid the foundation stone for what NCAP is today with a programme to let its consumers know about the crashworthiness of a new car in the US market. This programme eventually evolved and became New Car Assessment Program (NCAP). At present, there are a total of 9 different New Car Assessment Programs (NCAP) globally. This includes US NCAP, Euro NCAP, Japan NCAP, ASEAN NCAP, China NCAP, Korean NCAP, Latin NCAP, and Global NCAP. In India, more than a few new cars have voluntarily … [Read more...] about Bharat NCAP Draft Notification Approved By MoRTH: Everything You Need To Know