Business Finance
The Indian rupee is projected to weaken toward the 93 per dollar level by the end of 2026 due to capital outflows and rising import costs, according to market assessments. Rupee Outlook 2026 Currency Forecast Analysts expect pressure on the currency as global investment flows shift and domestic demand for foreign exchange increases. Capital movement […]
Business
Ola Electric reported a sharp decline in revenue for the third quarter while its net loss narrowed, reflecting changes in sales volumes and cost adjustments in the electric vehicle segment. Ola Electric Q3 Financial Results The company’s revenue dropped about 57 percent year on year during the quarter. Despite lower income, the net loss reduced […]
Business
Apple has secured a legal victory in a patent dispute with Optis over alleged infringement of 4G wireless technology patents, ending a prolonged courtroom battle over licensing obligations. Apple Optis 4G Patent Infringement Case The case centred on claims that Apple used standard essential patents related to 4G connectivity without paying appropriate licensing fees. The
Business
Reliance Industries has resumed imports of Venezuelan crude oil after receiving approval under a US sanctions license, allowing limited transactions with the sanctioned South American energy sector. Reliance Venezuelan Oil Import Details The company secured permission under a regulatory framework that allows specific energy trade with Venezuela despite broader sanctions.
Business
State Bank of India (SBI) has become the fourth most valued listed company in India after its market capitalisation surpassed that of Tata Consultancy Services (TCS) during recent trading sessions. SBI Market Capitalisation Surpasses TCS The surge in SBI’s share price lifted its valuation ahead of TCS, marking a shift in the ranking of India’s […]