TazaPulse

Rupee breaches 96/$ before closing at new low

TazaPulseMay 16, 2026

MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.The decline comes amid a widening current account deficit, continued selling by foreign investors, and broader macroeconomic pressures, while global developments...

SC quashes Sengar’s bail, asks HC for fresh hearing

TazaPulseMay 16, 2026

NEW DELHI: Supreme Court on Friday set aside Delhi high court order which suspended the jail sentence and granted bail to former BJP MLA Kuldip Singh Sengar, convicted of raping an alleged minor in Unnao in Uttar Pradesh, and asked HC to hear the politician’s bail plea afresh during pendency of his appeal against conviction.Sengar’s...

After FPIs raise concerns, Sebi, CBDT ease onboarding rules

TazaPulseMay 16, 2026

MUMBAI : Markets regulator Sebi and the Central Board of Direct Taxes (CBDT) have removed some of the Income Tax Permanent Account Number (PAN)-related difficulties that foreign funds were facing in order to register themselves in India. The move is part of Sebi’s ease of investing initiative to simplify registration process for foreign portfolio investors.After...

‘India, UK work on steel issue for trade pact rollout’

TazaPulseMay 16, 2026

NEW DELHI: India and the UK are working on a “unique and creative solution” to address issues arising from Britain’s recent steel safeguard measure, which is delaying the operationalisation of the Comprehensive Economic and Trade Agreement (CETA).The two countries, on July 24, 2025, signed the pact, under which 99% of Indian exports would enter the...

Stay clear of Aravalis till we decide its definition, says SC

TazaPulseMay 16, 2026

NEW DELHI: Five months after staying its judgment accepting the controversial 100 metre-elevation definition for Aravali hills, Supreme Court on Friday said not an inch of Aravali would be allowed to be used for mining till an expert committee, to be constituted by the apex court, redefined what constitutes Aravali hills and ranges.As lawyers appearing...

App based gig workers call for nationwide strike

TazaPulseMay 16, 2026

Gig workers have called for a temporary nationwide strike on Saturday, asking app-based drivers and delivery workers to cease services from 12 pm to 5 pm to protest against rising fuel prices and low payment rates.The Gig and Platform Services Workers Union (GIPSWU) has appealed to workers to join the shutdown, arguing that increasing petrol...

Household essentials set to become costlier

TazaPulseMay 16, 2026

NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push up supply chain and input costs. The fuel price revision, amid the ongoing West Asia conflict, is expected to add fresh pressure on FMCG companies, prompting them to...

Monsoon likely to hit Kerala on May 26: IMD

TazaPulseMay 16, 2026

NEW DELHI: Monsoon is likely to arrive in Kerala on May 26, IMD said Friday, forecasting an early start to the rainy season in India. Monsoon normally sets in over Kerala on June 1, give or take seven days.“This year, the southwest (summer) monsoon is likely to set in over Kerala on May 26 with...

Tata Trusts ordered to defer today’s board meets

TazaPulseMay 16, 2026

Maharashtra’s charity commissioner has ordered Tata Trusts to defer board meetings and launched an inquiry into complaints filed by vice-chairman Venu Srinivasan and advocate Katyayani Agrawal, stating that “the issues highlighted by them are serious and require due consideration.” The development deepens a governance dispute at one of India’s most influential philanthropic institutions where Srinivasan...

BJP stages protest outside Omar’s residence for liquor prohibition in Kashmir

TazaPulseMay 16, 2026

SRINAGAR: BJP Friday staged a protest outside J&K CM Omar Abdullah’s residence, demanding prohibition of liquor in Kashmir Valley.The party said it would launch protests from Qazigund town in south Kashmir to Karnah area on Line of Control in north Kashmir in the second phase of protests in near future if the National Conference govt...