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BusinessPhoto: Mercom India

India's Downstream Battery Storage Capacity Reaches 86 GWh

India's operational battery energy storage manufacturing capacity is mainly in downstream manufacturing, which makes up 92% of the total 86 GWh capacity. Cell manufacturing accounts for only 8%, highlighting reliance on imported cells and materials. Currently, only 21.6% of combined operational and planned battery manufacturing capacity is active, with most cell manufacturing capacity still under development, according to Mercom India's Energy Storage Manufacturing Ecosystem Report.

Mercom India·

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BusinessPhoto: Firstpost Business

West Asia Oil Exports Recover Above 90% Despite High Fuel Costs

West Asia's crude oil exports have rebounded to over 90% of their pre-conflict levels. However, shipping costs remain eight times higher than before the conflict. Diesel profit margins are elevated, and rising gas prices continue to increase energy costs, according to Jefferies.

Firstpost Business·

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BusinessPhoto: News18 Business

Rupee Falls 57 Paise Amid High Crude Oil Prices and Geopolitical Risks

The Indian rupee fell 57 paise from its day's high due to sustained high crude oil prices above $110 per barrel and ongoing geopolitical tensions. Brent crude futures neared $111 amid supply concerns in West Asia. Despite a recent 2.45% rally supported by foreign inflows and RBI measures, the rupee faces pressure from rising oil costs and geopolitical uncertainty, impacting India's import bill and dollar demand.

News18 Business·

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EntertainmentPhoto: News18Hi Entertainment

Teja Sajja to Marry in Udaipur, Bride from US Tech Family

Teja Sajja, known for 'Hanuman,' is set to marry in Udaipur in December. Their engagement will take place in November. The bride belongs to a US-based tech business family, chosen by her parents. Teja has shared details about the wedding and guest list plans.

News18Hi Entertainment··Udaipur

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BusinessPhoto: Economic Times

Airfares Likely to Remain High for Indian Flyers Post-Festive Season

Indian air travelers may face continued high airfares after the festive season due to rising aviation turbine fuel prices, rupee depreciation, and disruptions linked to West Asian conflicts. ICRA forecasts that fares will stay elevated in the near term, with any sustained relief dependent on lower fuel costs and increased flight capacity availability.

Economic Times·

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BusinessPhoto: HT World

Thales Raises Sales Forecast on Strong Defense and Aerospace Orders

Thales increased its sales forecast for the year as orders surged in its defense and aerospace units during the first nine months. The French group reported nine-month sales of 16.42 billion euros, up 7.6% reported and 8.1% organically, exceeding analyst expectations. Orders rose 14% reported to 19.12 billion euros, driven by strong defense bookings of 11.32 billion euros amid ongoing geopolitical tensions.

HT World·

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