TazaPulse

Centre, Ladakh representatives agree to create elected UT body | India News

TazaPulseMay 23, 2026

NEW DELHI: In a significant breakthrough, the Centre and Ladakh representatives Friday agreed on creation of an elected body at UT level “with full legislative, executive and financial powers”, apart from having similar bodies in each of the seven districts.The two sides – which resumed talks after a gap of over three months, with environmentalist...

Shareholders’ no to Swiggy’s board changes

TazaPulseMay 23, 2026

BENGALURU: Swiggy shareholders have voted against proposed changes to the company’s Articles of Association, preventing the planned appointments of CFO Rahul Bothra and cofounder Phani Kishan Addepalli to the board. The special resolution received 72.4% shareholder support, falling short of the 75% threshold required for approval, according to an exchange filing on Thursday.Swiggy said the...

RBI approves 2.9 lakh crore dividend to government, up 6.7% from last year

TazaPulseMay 23, 2026

MUMBAI: The Reserve Bank of India board on Friday okayed a dividend of Rs 2.87 lakh crore to govt, 6.7% more than last year’s Rs 2.69 lakh crore, even as it sharply raised transfers to its contingency risk buffer amid a surge in earnings and balance sheet expansion.The higher dividend came despite a transfer of...

Why quota for kids of well-off parents, asks SC | India News

TazaPulseMay 23, 2026

NEW DELHI: Supreme Court on Friday raised a question on why children of economically and educationally advanced families within backward classes be allowed to avail the benefit of reservation under OBC category.“If both parents are IAS officers, why should they have reservations? With education and economic empowerment, there is social mobility. So then again to...

Gold demand may hit 10-year low in FY27

TazaPulseMay 23, 2026

MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new pieces and only stick to essentials. While sales volumes or the amount of gold sold are dropping, sales value, driven by...

Forex spends by Indians drop 2% to $29 billion in FY26

TazaPulseMay 23, 2026

MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded in FY25. This downward trajectory highlights that visa restrictions are impacting overseas education spending, which plummeted 20.9% from $2.9 billion to $2.3 billion, alongside a 3.1% dip in international...

SC to hear PIL against CBSE’s 3-language policy | India News

TazaPulseMay 23, 2026

NEW DELHI: Supreme Court on Friday agreed to hear a PIL by parents and teachers in NCR and Chennai challenging the validity of CBSE‘s recent policy mandating three languages, two of which must be Indian for Class 9 and said it would lead to chaos and confusion.Seeking urgent hearing of the PIL, senior advocate Mukul...

Warsh takes the Fed’s helm as inflation climbs

TazaPulseMay 23, 2026

Will lead a central bank oriented toward reform, says new chair WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a...

Centre sets up panel to unclog port bottlenecks | India News

TazaPulseMay 23, 2026

NEW DELHI: Govt has stepped in to unclog piling up of containers at India’s busiest container port, Jawaharlal Nehru Port Authority (JNPA) (Mumbai), and has set up a panel of top officials to remove bottlenecks at all the 12 major ports. It will meet every week or fortnight to address concerns faced by businesses.The issue...

ITC sees 5% Y-o-Y net profit rise at over Rs 5k cr despite West Asia conflict | Kolkata News

TazaPulseMay 23, 2026

Kolkata: ITC Ltd has reported a 5% year-on-year rise in standalone net profit from continuing operations for the fourth quarter of the last fiscal, at Rs 5,113.3 crore. The growth came despite a higher GST rate and a steep increase in excise duties, while West Asia conflict weighed on profitability.The Kolkata-headquartered company had seen a...