Ola Electric Q4 loss widens sequentially to Rs 500 crore

IANS | May 20, 2026 4:29 PM

Mumbai, May 20 (IANS) Ola Electric Mobility Limited on Wednesday reported a sequential increase in net loss for the March quarter (Q4 FY26) as the EV-maker posted a consolidated net loss of Rs 500 crore for the January-March quarter, slightly higher than the Rs 487 crore loss reported in the December quarter (Q3 FY26).

Iran losing friends due to maximalist posturing: Report

IANS | May 20, 2026 3:41 PM

New Delhi, May 20 (IANS) While diplomacy could have reduced tensions in the Persian Gulf, Iran has chosen the path of “maximalist posturing” to choke the Gulf of Hormuz, resulting in the disruption of supply chains which have caused fuel, fertiliser and food prices to soar, leading to immense economic hardship in the developing countries, according to an article in International Business Times.

US indicts Chinese executives, major container firms over alleged global shipping price-fixing conspiracy

IANS | May 20, 2026 2:15 PM

New Delhi, May 20 (IANS) The United States Department of Justice has indicted seven Chinese executives and four of the world’s largest shipping container manufacturing companies for allegedly conspiring to restrict output and fix prices of standard shipping containers during the Covid-19 pandemic, a move authorities said inflated global prices and disrupted supply chains.

South Korea needs to bolster strategic ties with India: Report

IANS | May 20, 2026 1:36 PM

New Delhi, May 20 (IANS) South Korean President Lee Jae Myung’s recent visit to India resulted in further deepening of economic relations between the two countries, but there is a need for Seoul to seize the opportunity to build a broader strategic partnership with India, which would help mitigate its acute vulnerabilities in maritime security, supply chains, and technological resilience, according to an article in The Korea Times.