Intel Corp's CEO said on Monday it could take several years for a global shortage of semiconductors to be resolved, a problem that has shuttered some auto production lines and is also being felt in other areas, including consumer electronics.
Prices of petrol and diesel have yet again reached new highs today, and Pune has become the newest city to cross the Rs. 100 per litre mark. Today, on May 31, the price of petrol in Pune stands at Rs. 100.09 per litre, while diesel has reached Rs. 90.66 per litre mark.
Carmakers in the Indian automobile hub of Chennai will be allowed to keep operating, the state government said on Saturday, amid protests by workers who fear catching COVID-19 in one of the country's hardest-hit states.
Workers at the Renault-Nissan plant in southern India will not report for work on Monday over coronavirus-related safety concerns, according to a union letter to the company seen by Reuters, and two sources familiar with the matter.
The deal will raise $330 million in proceeds for Wejo, the companies said. That includes $230 million from Special-Purpose Acquisition Company (SPAC) Virtuoso and another $100 million referred to as Private Investment in Public Equity (PIPE).
