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BusinessPhoto: Business Standard

Reliance Responds to Musk, Affirms Equal Rules for All Companies

Reliance Industries responded to Elon Musk's criticism about delays in launching Starlink in India, stating it has never feared competition. The company emphasized that India's regulatory framework treats domestic and foreign companies equally and that Reliance's own satellite services are also awaiting approvals. Reliance highlighted India's openness to investment and innovation under the rule of law, citing the growth of its telecom business since 2016.

Business Standard·

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Business

Tech Mahindra Announces 1:1 Bonus Shares and ₹15 Dividend Amid 33% Profit Rise

Tech Mahindra declared a 1:1 bonus share issue and a ₹15 dividend per share after reporting a 33% profit increase to ₹1,586 crore in Q2. This is the first bonus share announcement in 11 years. The company maintained its margin targets following better-than-expected quarterly revenue. The stock rose 5-7% after the earnings report, with HSBC and CLSA setting target prices.

Hindustan·

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Health

Critical Health Supplies Destroyed in Russian Attacks on Ukraine

Ongoing Russian attacks in Ukraine have destroyed critical health supplies, severely impacting medical aid and healthcare services. The destruction of these essential resources poses a significant challenge to Ukraine's ability to provide necessary medical care amid the conflict, according to UN reports.

UN News·

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Technology

Apple Launches HomeView Dashboard for Smart Home Control

Apple has introduced the HomeView dashboard, consolidating its smart-home capabilities into a single interface. The new HomeView features a 7-inch display and integrates Siri AI, enhancing user control over smart home accessories. This launch is part of Apple's broader Home Collection lineup, aiming to compete with Google and Amazon in the smart home market.

Dezeen·

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Business

India's Rupee Expected to Weaken Toward 100 per Dollar Despite RBI Efforts

India's rupee is forecasted to weaken toward the 100-per-dollar level despite the Reserve Bank of India's efforts to support the currency. The RBI has widened its defence to rates cautiously, while the rupee recently rose 20 paise to 94.79 against the U.S. dollar in early trade. The RBI also clarified the scope and calculation of the Foreign Exchange Risk Reserve amid market disruptions.

CNBC·

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Business

India Retains Top Position in Global Flexible Office Market

India continues to hold the leading position in the global flexible office market, according to Cushman & Wakefield. The country's flexible office sector remains robust, reflecting strong demand and growth in flexible workspace solutions. This leadership highlights India's expanding role in the evolving global office real estate landscape.

Cushman & Wakefield·

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