Business -

Export diversification push adds $202 million in FY26 as India expands into 1,821 new global markets

TazaPulseMay 19, 2026

India’s export diversification strategy gained momentum in FY26, with ships, boats, telecom instruments, pulses, marine products, graphite and explosives emerging as key growth drivers as exporters entered new markets and added fresh product-country combinations, according to an ET report.According to an analysis by the commerce department, India expanded its export footprint through 1,821 new principal...

US Treasury reaches $275 million settlement with Adani Enterprises over Iran sanctions violations

TazaPulseMay 19, 2026

The US Treasury Department on Monday said it had reached a $275 million settlement with Adani Enterprises over the company’s potential civil liability linked to 32 apparent violations of US sanctions involving Iran, according to a Reuters report.The US Treasury’s Office of Foreign Assets Control (OFAC) said Adani Enterprises had purchased shipments of liquefied petroleum...

How India’s LPG shortage & fuel export restrictions are raising gasoline prices in California

TazaPulseMay 19, 2026

US-Iran conflict impact: The global energy shock triggered by the US-Israeli conflict with Iran is now rippling through economies far beyond the Middle East, exposing how deeply interconnected fuel supply chains have become. For example, in India, shortages of cooking gas are emerging, while in California, gasoline prices have surged to nearly $6 per gallon....

Elon Musk loses lawsuit against OpenAI

TazaPulseMay 18, 2026

A federal court on Monday dismissed Elon Musk’s claims against OpenAI and its top executives, bringing an end to a closely watched legal battle over the company’s transformation from a nonprofit research lab into one of the world’s most valuable AI firms.The nine-person jury found that Musk waited too long to file his lawsuit and...

‘Reduce China’s ability to stockpile discounted oil’: Trump admin extends sanctions waiver on Russian crude

TazaPulseMay 18, 2026

With a sanctions waiver in place, India has in the last two months aggressively stepped up purchases of Russian crude oil. (AI image) In a U-turn on its earlier decision, the Donald Trump administration has extended the sanctions waiver on purchase of Russian crude oil at sea. The move comes two days after the earlier...

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JPMorgan’s 2026 summer reading list

TazaPulseMay 18, 2026

JPMorgan summer reading list Courtesy: JPMorgan The latest JPMorgan Summer Reading List, an annual favorite among the wealthy, includes books on artificial intelligence, longevity, Keith Haring and lemon recipes. The list is compiled each year with suggestions from JPMorgan client advisors around the world and has become a popular guide for the wealthy looking for...

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May homebuilder sentiment improves on late spring surge in demand

TazaPulseMay 18, 2026

Higher mortgage rates, rising gas prices and continued economic uncertainty over the war with Iran are all still weighing on potential homebuyers. Builders, however, are feeling slightly better about their businesses, seeing a potential late spring surge. After a sharp drop in April, homebuilder sentiment in the market for single-family homes rose 3 points in...

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Lululemon proxy war with Chip Wilson goes public, sets annual meeting

TazaPulseMay 18, 2026

Lululemon is showing its teeth. The Vancouver, British Columbia-based athleticwear company is taking its battle with activist founder Chip Wilson public, writing in a letter to shareholders on Monday he has “outdated perspectives” and “troubling conflicts of interest” that will derail its turnaround plan, materials reviewed by CNBC show. The letter, Lululemon’s first major public...

OMCs still under-recovering Rs 750 crore daily on petrol, diesel and LPG: Govt

TazaPulseMay 18, 2026

New Delhi: Oil marketing companies are under-recovering Rs 750 crore a day on the sale of petrol, diesel and domestic LPG cylinders below market prices, govt said on Monday.Before the price of petrol and diesel was raised by Rs 3 per litre late last week, the under-recoveries incurred by OMCs were estimated at Rs 1,000...

Indian Railways reveals proposed bullet train design

TazaPulseMay 18, 2026

This is how India’s first bullet train would look (Courtesy: Indian Railways via ANI) NEW DELHI: Indian Railways has unveiled the design of the country’s first bullet train, set to run between Mumbai and Ahmedabad, displaying an image of the train at the Ministry of Railways in the national capital.Also Read: India’s first ‘swadeshi’ bullet...