Business -

Stock Market Live Updates: Sensex drops over 800 points, Nifty50 below 23,700 as oil prices soar above $100 on fragile US-Iran talks

TazaPulseMay 12, 2026

“Indian equity markets are expected to open on a cautious negative note, with Gift Nifty trading at 23,650, down by 136 points. Global equities traded mostly firmer after mild gains on Wall Street, where the S&P 500 and Nasdaq touched fresh record highs. However, elevated crude oil prices and persistent geopolitical concerns continued to cap...

Oil & gas royalty rejig: What govt big upstream reform means

TazaPulseMay 12, 2026

NEW DELHI: The government announced the rationalisation of royalty rates and methodologies for crude oil, natural gas and casing head condensate (a light hydrocarbon liquid obtained during gas production), in a move aimed at simplifying regulations and boosting India’s upstream energy sector.Union petroleum and natural gas minister Hardeep Singh Puri said the decision would bring...

US, UK sanctions target Iran-linked network accused of plotting attacks and moving funds

TazaPulseMay 12, 2026

The United States and the United Kingdom on Monday announced seperate sanctions aimed at increasing pressure on Iran by targeting individuals, companies and networks accused of facilitating oil sales, financial transactions and “hostile activities”.The US measures focus on disrupting Iran’s oil exports to China and cutting off funding linked to the Islamic Revolutionary Guard Corps,...

Us Sanctions On Russia: India turns down Russia’s sanctioned LNG despite supply concerns driven by Middle East tensions

TazaPulseMay 12, 2026

India has reportedly turned down Russia’s offer to sell liquefied natural gas (LNG) cargoes that are under US sanctions, despite rising energy concerns linked to tensions in the Middle East.The decision has left at least one Russia-linked LNG shipment stranded near Singapore while discussions continue over what supplies India can legally purchase.According to a Reuters...

India should resist EU, US pressure on data exclusivity in farm-chemicals: GTRI flags

TazaPulseMay 12, 2026

The European Union and United States are urging India to accept “data exclusivity” provisions in free trade agreements, but a GTRI report has warned otherwise. Think tank Global Trade Research Initiative (GTRI) has cautioned that such commitments could damage its agrochemical industry, increase dependence on imports and raise costs for farmers. Furthermore, it could also...

Sensex tumbles 1,313 pts as West Asia tensions reignite

TazaPulseMay 12, 2026

MUMBAI: Fresh tensions between the US and Iran affected global investor sentiment on Monday, pushing up crude oil prices, weakening the rupee to a level below the 95-to-the-dollar mark, and leading to a sell-off on Dalal Street. As a result, sensex lost over 1,000 points in early trade, recovered some ground by mid-session, but fresh...

groww shares hit all time high jump 18 in just 3 sessions whats driving the surge

Four Groww investors to sell 4.3% in co, eye $500 million

TazaPulseMay 12, 2026

MUMBAI: Four early investors in Billionbrains Garage Ventures that operates the leading fintech platform Groww, are together selling 4.3% stake worth about $500 million (close to Rs 4,800 crore) in the recently-listed company. Peak XV, Sequoia, Y Combinator and Ribbit, the selling shareholders, have mandated Kotak Securities and JP Morgan India to sell the shares...

No reform complacency, to ensure macro stability: Shaktikanta Das

TazaPulseMay 12, 2026

NEW DELHI: Govt is steadfast in pursuing reforms along with policy certainty, which will ensure that India not only maintains macroeconomic stability but also emerges as a globally competitive economy, principal secretary to PM Shaktikanta Das said Monday, while listing out seven strategies that the corporate sector may adopt to build resilience.Addressing the CII annual...

Equity MFs see net inflows of ‘38.4k crore, slight fall in April

TazaPulseMay 12, 2026

MUMBAI: Investors continued to invest in equities, debt and gold through the mutual fund route despite volatile markets due to geopolitical tensions. In April, net inflows in equity funds were at Rs 38,440 crore, down marginally from Rs 40,450 crore in March while the corresponding figure in debt funds showed a huge reversal with a...

India must build its own AI models: Sarvam AI

TazaPulseMay 12, 2026

NEW DELHI: India cannot afford to remain a passive consumer in the AI era and must urgently build its own frontier-scale artificial intelligence models if it wants to shape global technology rules, according to Pratyush Kumar, co-founder of Sarvam AI.Speaking at the CII Business Summit, Kumar said Sarvam is now preparing to train its first...