RANGE FUELS
Uber's profit forecast disappoints as driver shortages, Middle East conflict hurt
The company is responding by spending more to recruit and retain drivers, a cost that will be watched closely because it comes as the company also funds a major push into autonomous vehicles and a string of acquisitions.
Nitin Gadkari says new Toyota Innova to be launched on November 26, running cost to be just Rs 25 per liter
Union Minister Nitin Gadkari has announced that Toyota will launch a new bioethanol-powered Innova in India on November 26. The vehicle will run entirely on 100% bioethanol and generate nearly 60% of its power through electricity while driving. Gadkari claims its effective running cost could be equivalent to just Rs 25-30 per litre of petrol, potentially offering significant savings to motorists. The announcement comes as the government promotes alternative fuels to reduce India's dependence on conventional petrol and diesel.
Coca-Cola HBC raises 2026 revenue growth forecast on strong demand
Coca-Cola HBC has upgraded its annual organic revenue growth outlook, driven by successful pricing strategies and heightened consumer demand. In the third quarter, the company achieved a notable 9% organic revenue growth, surpassing the anticipated 8%. This surge was propelled by effective promotional initiatives tied to the FIFA World Cup and increased summer demand.
Indian oil refiners expect healthy margins amid global supply disruptions
A combination of these factors offer Indian refiners an opportunity to capitalise on stronger diesel, gasoline and aviation turbine fuel (ATF) cracks. Reliance Industries (RIL), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation and Hindustan Petroleum Corporation (HPCL) reported record refining performances in the September quarter (Q2) and expect the run to continue.
DuPont raises annual profit forecasts on strong healthcare, aerospace demand
DuPont has raised its full-year profit forecasts and projected fourth-quarter earnings exceed analyst estimates. The company experienced strong demand in healthcare, aerospace, and industrial water markets during the third quarter. DuPont's healthcare and water technologies segment reported nearly 4% growth year-over-year, reaching $865 million in net sales. Additionally, the company recently concluded a $250 million share repurchase program and plans to buy back an additional $250 million of shares.
Harley-Davidson Sprint 440 unveiled at EICMA 2026, that looks like Royal Enfield 350: Check engine, features, specifications and colours
Harley-Davidson has unveiled the Sprint 440 at EICMA 2026, introducing a new entry-level motorcycle developed with Hero MotoCorp. The 440cc model produces 27 hp and 38 Nm of torque and features a TFT display, dual-channel ABS and a 671 mm seat height. Global market launches are scheduled to begin in 2027.
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Singapore's Grab lifts 2026 forecasts on strong ride-hailing, delivery demand
Singapore's Grab lifted its annual forecasts on Tuesday, helped by steady growth in its ride-hailing unit, while demand for its delivery services benefited from promotional offers and expansion into categories beyond groceries.
Marico profit jumps 31%, flags rising input costs amid West Asia woes
Marico has reported a 13% increase in consolidated revenue, driven by strong volume growth in India and international markets. The company highlighted challenges from rising input costs due to geopolitical tensions and adverse weather circumstances. Managing director Saugata Gupta expressed awareness of potential inflation effects, especially in rural areas. Marico aims for mid-20% EBITDA growth by FY27 and expects annual revenue to exceed ₹15,000 crore.
Cement companies bet on price hikes to revive profitability in H2
Cementmakers in India are experiencing a weak first half of the fiscal year due to rising costs. They expect price increases and seasonal construction activity to improve profitability. Price stability is noted after recent increases, which may help offset costs. Cement prices have risen and are expected to stay high in the coming months. The market leaders remain optimistic about further price improvements in the near future.
Budget 2027: Customs duty relief on 118 goods under review
The Indian government is currently reviewing customs duty concessions applicable to 118 products set to expire. This review involves input from respective line ministries and industry stakeholders regarding these exemptions. Goods under review include materials for power projects and certain medical devices. A focus is on correcting the inverted duty structure to support local manufacturing initiatives. The outcomes of this review will influence the upcoming budget for 2027-28.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
Yemen's Houthis advance to within 80 km of Aden, sources say
The advance brings the Houthis closer to Aden than at any point since the early months of the war in 2015, when they briefly entered the city before being driven out. The latest offensive has opened a volatile new front in the wider US-Israeli war on Iran, drawing both the Houthis and Saudi Arabia deeper into the regional conflict.
IndiGo to consider hedging fuel as it ventures on long haul routes
IndiGo is evaluating the possibility of hedging fuel costs as it plans for long-haul international operations. The airline's planned introduction of the Airbus A350 aircraft will enhance its overseas expansion strategy. Despite previously avoiding fuel hedging, management is now reassessing this approach in light of market competition. IndiGo's dominant position in the domestic aviation market facilitates its long-term growth aspirations.
Oil Price Today (November 2): Crude oil falls to $111 as Iran-Qatar talks continue to end war. What are experts saying?
Crude oil price : Oil prices have plummeted dramatically, impacting Brent and WTI crude significantly. As Iranian and Qatari officials engage in talks to mitigate tensions from the US-Israeli conflict regarding Iran, the situation is further aggravated by security threats and oil tanker assaults in the Strait of Hormuz. Experts warn of ongoing price instability post-US midterm elections, creating an unpredictable environment for global energy supply chains and market responses.
US Stock Market prediction: S&P 500, Nasdaq, Dow Jones, Russell 2000 set for surprise opening on Monday, Apple, AMD, Palantir, Qualcomm other stocks to follow
Wall Street today: U.S. war with Iran has been ongoing since February and has essentially shut down the vital Strait of Hormuz.
Russian strikes cut power to thousands in Ukraine as drones damage Russian facility
Russian strikes on power infrastructure in Ukraine left hundreds of thousands without electricity during the ongoing conflict. President Volodymyr Zelenskiy reported high-intensity attacks in several regions caused severe disruptions to power supply. In response, Ukraine targeted the Kamensky plant in Rostov region, linked to Russian missile production. Nizhny Novgorod authorities confirmed significant damage to an industrial facility from Ukrainian drone attacks.
Kia India clocks highest-ever monthly sales of 33,462 units in October, up 13.22%
Kia India recorded its highest-ever monthly wholesales at 33,462 units in October 2026, up 13.22% year-on-year, surpassing its previous record set in September. Cumulative sales rose 21.31% to 2,86,470 units during January-October, exceeding the automaker's full-year 2025 sales, with festive demand and multiple powertrains supporting growth.
Karnataka milk price hike: Nandini rates revised from today, check new prices of milk and curd
Karnataka has introduced new pricing for Nandini milk and curd, causing a rise in expenses for consumers. The increase spans from Rs 8 to Rs 12 per litre across different milk varieties. This decision will be advantageous for an estimated 26.89 lakh dairy farmers, as the state has raised the procurement price for them. These developments follow conversations between the state government, milk unions, and farmers.
Trump's oil portfolio up 43% amid Big Oil windfall, pain at the pump
Major oil companies, including ExxonMobil, Chevron, and Shell, reported higher earnings in the third quarter. This comes as the conflict in Iran leads to increased fuel prices for American consumers. Trump's investments in oil and gas stocks have significantly appreciated during this time. More than 94% of his oil stock purchases occurred after the conflict began. Rising fuel prices serve as a crucial issue ahead of the upcoming midterm elections.
In 2007, Range Fuels broke ground on a Georgia plant designed to produce 100 million gallons of ethanol a year from wood waste; by 2011, it had closed without selling any
In Soperton, Georgia, a factory built to produce biofuels closed in 2011 without selling any product. Range Fuels was supported by $156 million in federal funding but failed due to inconsistent technology performance. The cellulosic ethanol mandate established in 2007 aimed to spur a new industry but resulted in shortfalls. Despite advancements in biofuel science, government investments must match realistic technological capabilities.
Oil prices soar 14% in October to 6-month high as US weighs fresh Iran strikes after midterms. More pain ahead?
Brent crude rose 13.6% in October to settle at a six-month high of $117.64 a barrel, as fears of fresh US strikes on Iran and threats to shipping through the Strait of Hormuz fuelled supply concerns. Analysts warn of further volatility, with Goldman Sachs flagging a possible rise to $120.
Microsoft expects to raise $25 billion in US bond sale, source says
The world's largest tech firms have turned to selling bonds and raising equity over the past year to pay for their AI spending spree, a shift in approach for the Silicon Valley giants that have typically relied on their large coffers to fund investments.
Dubai real estate company gifts Rs 4 crore Lamborghini for the best performing employee
A Dubai real estate agent received a Lamborghini Urus worth up to Rs 4 crore after closing more than $500 million in sales over two years. Richkey Properties CEO Daban Othman surprised Natalia Chavez with the luxury SUV at the firm's third anniversary gala, where she was also named its Top Performer of 2026 after winning four major awards.
These mid-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%, according to analysts
When a market is as jittery as it is right now, poor numbers are treated harshly. A new-age company in the business of buying and selling used cars reported numbers that fell short, and the street punished the stock severely. But it is not just the clear misses. Anything that is well-owned and presents disappointing numbers is seeing double-digit cuts.
US cruise ship that charged up to $120,000 per person leaves around 200 passengers stranded in Cambodia, gives them just seven hours to disembark
The Villa Vie Odyssey cruise ship has left around 200 passengers stranded in Cambodia as fuel costs continue to rise. After two years of uninterrupted sailing, the operator halted operations, granting passengers only seven hours to disembark at Sihanoukville's port. With many retirees and remote workers now in search of accommodation far from home, the operator is prioritizing the coordination of disembarkations and providing support to those affected.
After US's FORTRESS plan and UK's 'Be Ready' campaign, Japan issues advisory for households to prepare for emergencies. Here's all we know
In light of potential natural disasters such as earthquakes, Japan's government encourages its citizens to stock essential supplies for up to three days, emphasizing self-sufficiency during emergencies. Simultaneously, the UK has reintroduced its 'Be Ready' campaign to raise awareness about preparedness for various crises. The US Pentagon is also accordingly planning military bases for 90 days of self-sustainability, highlighting the crucial need for household readiness in unpredictable situations.
Delhi's pollution puzzle: New study to reveal what's changed in a decade
A comprehensive study will evaluate how pollution sources in Delhi have changed over the past decade. This initiative employs high-resolution mapping and local data to generate updated emission inventories. The project aims to provide assessments for 2030, 2035, and 2040 under various mitigation scenarios. A consortium of institutions is leading the effort to enhance air quality management in the region.
India seeks bigger share of diesel exports on refining capacity boom
India’s diesel exports are set to rise from 2027 as state-run refiners expand capacity, strengthening the country’s role as a global fuel supplier, industry officials said on Tuesday. State refiners plan to add 16.5 million tonnes of annual diesel production capacity in 2027, as India targets total refining capacity of 300 million tonnes per year by 2030.
Tata consumer Q2 net profit up despite higher costs, weak tea demand
Tata Consumer Products encountered unchanged tea volumes and decreasing revenue in the September quarter as weak demand and surging commodity costs took their toll. To counter this, the company emphasized its salt business, which saw significant revenue increases driven by volume growth and price hikes. Meanwhile, international revenue held steady despite challenges in the UK market caused by weather issues.
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