Category: Business

Business

Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains

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Ola Electric eyes FY27 turnaround on surging demand, cost reset and margin gains

Ola Electric Mobility is looking to enter FY27 with renewed momentum, with founder and Chief Managing Director (CMD) Bhavish Aggarwal signalling a recovery in volumes, stronger margin visibility and tighter cost discipline following recent operational reset. Speaking at the company’s Q4 and FY26 earnings conference call, Mr. Aggarwal said that Ola had used the past…

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RBI injects ₹81,590 crore transient liquidity into banking system via 3-day VRR auction

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RBI injects ₹81,590 crore transient liquidity into banking system via 3-day VRR auction

RBI said the funds were infused at a 5.26% cut-off rate. File | Photo Credit: Reuters The Reserve Bank of India (RBI) on Friday (May 22, 2206) injected ₹81,590 crore of transient liquidity into the banking system through a three-day variable rate repo (VRR) auction. Transient liquidity refers to temporary cash flow fluctuations in a…

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Demand driving growth, but economic outlook ‘somewhat clouded’ by supply issues: RBI

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Demand driving growth, but economic outlook ‘somewhat clouded’ by supply issues: RBI

The Reserve Bank of India (RBI) logo inside its headquarters in Mumbai. | Photo Credit: REUTERS While India’s domestic demand remains a key driver of growth, the near-term outlook for the economy is “somewhat clouded” due to supply side pressures brought on by the West Asia crisis, the Reserve Bank of India (RBI) said in…

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Stock markets rebound led by banks, positive global trends

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Stock markets rebound led by banks, positive global trends

This file image is used for representational purposes only. | Photo Credit: Reuters Stock market benchmark indices ended higher on Friday (May 22, 2026), helped by buying in blue-chip bank shares and a rally in global peers. Hopes of progress in the U.S.-Iran peace negotiations also added to markets’ optimism. The 30-share BSE Sensex climbed…

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RBI board approves dividend payment of ₹2,86,588 crore to government

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RBI board approves dividend payment of ₹2,86,588 crore to government

The net income, before risk provision and transfer to statutory funds, aggregated ₹3,95,972.10 crore in FY26 as against ₹3,13,455.77 crore in FY25, the RBI said in a statement. File | Photo Credit: Reuters The Central Board of Directors of Reserve Bank of India (RBI) on Friday (May 22, 2026) approved the transfer of surplus of ₹2,86,588.46…

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Rupee rises 63 paise to close at 95.73 against U.S. dollar

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Rupee rises 63 paise to close at 95.73 against U.S. dollar

At the interbank foreign exchange market, the rupee opened at 96.30 against the U.S. dollar. File | Photo Credit: Reuters The rupee rose for the second consecutive session on Friday (May 22, 2026) to close at 95.73 (provisional) against the U.S. dollar on softening of crude oil prices and supposed intervention by the Reserve Bank….

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Flipkart’s 13-minute delivery really impressive: Walmart Inc President and CEO

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Flipkart’s 13-minute delivery really impressive: Walmart Inc President and CEO

John Furner, Walmart Inc President and CEO. File | Photo Credit: ANI E-commerce major Flipkart’s 13-minute delivery services is “really impressive”, said Walmart Inc President and CEO John Furner, lauding the rapid pace of innovation and delivery execution by its Indian unit, in which it owns a controlling stake. Walmart acquired a 77% controlling stake in…

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New CEO has ‘hands full’ of challenges, says Air India’s Campbell

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New CEO has ‘hands full’ of challenges, says Air India’s Campbell

File photo of Air India Chief Executive Campbell Wilson. | Photo Credit: PTI Air India Chief Executive Campbell Wilson has said his successor will have “hands full” as the carrier struggles with a ban on using Pakistan’s airspace, fallout from the Iran war and higher operating costs due to strong U.S. dollar. Speaking at an…

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Rupee rises 18 paise to 96.18 against U.S. dollar in early trade

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Rupee rises 18 paise to 96.18 against U.S. dollar in early trade

The rupee rose 18 paise against the U.S. dollar. File | Photo Credit: Reuters The rupee rose 18 paise to 96.18 against the U.S. dollar in early trade on Friday (May 22, 2026), on slight cooling in crude oil prices, tentative signs of easing geopolitical tensions, and active RBI intervention in the market. Forex traders…

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