Business -

Global gold demand flat at 1,269 tonnes in April-June quarter: WGC report

TazaPulseJuly 30, 2026

Global gold demand remained largely unchanged in the April-June quarter as softer prices moderated investment demand after the record rally earlier this year, according to the World Gold Council (WGC).Total gold demand stood at 1,269 tonnes in the second quarter of 2026, almost unchanged from 1,268.6 tonnes a year earlier, the WGC said in its...

Banks collected Rs 7,100 crore as ‘minimum balance’ penalty in 2025-26

TazaPulseJuly 30, 2026

Minimum balance penalty (representative image) NEW DELHI: Banks collected nearly Rs 7,100 crore as penalties from customers for failing to maintain minimum average balance (MAB) in their accounts in financial year 2025-26, up from around Rs 6,800 crore in the preceding year, government has told Parliament. Nearly 70% of the charges, adding up to Rs...

Crude prices retreat as oil continues flowing through Hormuz alternatives

TazaPulseJuly 30, 2026

After a dramatic rally in the previous session, oil prices retreated on Thursday as crude continued to move out of the Middle East even as the US-Iran war widened beyond its primary battlefronts.WTI crude slipped 0.54% to $84.00 a barrel, while Brent crude fell 0.85% to $89.97 a barrel.The decline followed a sharp rebound on...

smartphone exports rise 23 to 98bn in q1

Smartphone exports rise 23% to $9.8 billion in Q1

TazaPulseJuly 30, 2026

NEW DELHI: Smartphone exports rose 23.4% to $9.8 billion during the June quarter, with the segment accounting for nearly two-thirds of electronic shipments of about $15.2 billion during April-June.This was the highest-ever first-quarter smartphone exports by value and was driven by strong iPhone shipments to the US, reinforcing the country’s emergence as a key global...

Indian Premier League: IPL’s business value crosses $20 billion, RCB top brand: Report

TazaPulseJuly 30, 2026

BENGALURU: Indian Premier League‘s business value rose 11.4% from a year earlier to $20.6 billion in 2026, helped by growing revenues, digital viewership and record franchise transactions, according to a study by investment bank Houlihan Lokey.It also pegged Royal Challengers Bengaluru’s brand value at $312 million, 16% higher than the previous year and making it...

Mahindra Truck & Bus Division: Mahindra arm, SML combine to be 4th largest CV player

TazaPulseJuly 30, 2026

NEW DELHI: Mahindra Group has outlined an ambitious growth road map for its newly combined truck and bus business, targeting a 10-12% share of India’s heavy commercial vehicle (HCV) market by FY31 and over 20% by FY36, as it seeks to strengthen its presence across the commercial vehicle spectrum following the consolidation of Mahindra Truck...

Asian stocks trade mixed after Fed holds rates; Kospi rallies 4%, Shenzhen slips 300 points

TazaPulseJuly 30, 2026

Asian equities showed signs of stabilising on Thursday, but investors remained cautious after a turbulent week marked by a sharp AI-driven market sell-off, uncertainty over the US interest rate outlook and renewed geopolitical tensions that briefly sent oil prices soaring.Taiwan’s benchmark climbed 666.47 points to 40,705.65, up 1.66%, while South Korea’s Kospi gained 201.22 points...

Genai: ‘GenAI to reshape workforce, GCCs to cushion job impact’

TazaPulseJuly 30, 2026

BENGALURU: GenAI is poised to transform India’s labour market over the next decade, redefine job roles and accelerate the shift towards higher-value work, according to a new Goldman Sachs report.The report estimates that GenAI could automate 9-17% of tasks currently performed by India’s non-agricultural workforce. However 8-12% of jobs face a meaningful risk of substitution,...

Need to reinvent ways to deal with global challenges: Finance ministry

TazaPulseJuly 30, 2026

India’s growth momentum remains on a firm footing on the back of resilient domestic demand, despite the global challenges NEW DELHI: The finance ministry on Wednesday said that swifter policy responses and their implementation are critical to encourage foreign and domestic investment in the economy and underlined the need for reimagining responses to deal with...

Why did stock market rise today? BSE Sensex rallies 1,000 points; Nifty50 crosses 24,250 – top reasons for rally

TazaPulseJuly 30, 2026

India has comparatively fewer large listed companies directly exposed to the artificial intelligence infrastructure boom. Stock market today: Nifty50 and BSE Sensex rallied strongly in trade on Wednesday as IT sector stocks led the recovery. Sensex and Nifty each advanced over 1% even as crude oil prices jumped following escalating tensions between the US and...