Business -

bank credit growth may slow as companies turn to bonds overseas borrowing careedge

Banks add Rs 7 lakh crore deposits in last fortnight of Q1FY27

TazaPulseJuly 11, 2026

MUMBAI: Aggregate deposits with banks rose to Rs 265.4 lakh crore as on June 30, 2026, with the system recording a sharp fortnightly increase of about Rs 7 lakh crore, or 2.7%, driven by a balanced rise across both demand and time deposits. The last fortnight surge has taken the year-on-year deposit growth for Q1FY27...

India building strategic oil reserves: ONGC board approves plan for 1.75-million-tonne storage capacity

TazaPulseJuly 10, 2026

ONGC said the proposed facility, along with related infrastructure, will be developed as the Phase-I expansion of the existing strategic petroleum reserve at Mangaluru. (Reuters photo) As the world faces turmoil with the ongoing Middle East situation, state-run Oil and Natural Gas Corporation (ONGC) on Friday announced that its board has granted in-principle approval for...

US stocks today: Market trades flat, heads towards subdued end to week; oil prices stable

TazaPulseJuly 10, 2026

Next week marks the start of a busy earnings calendar. (AI image) Wall Street today: US stocks and oil prices were largely flat on Friday, heading toward a subdued end to the week after the sharp swings seen earlier as investors assessed the potential impact of the Iran conflict on global crude supplies.The S&P 500...

Bank of Maharashtra net profit up 27% to Rs 2023 crore

TazaPulseJuly 10, 2026

MUMBAI: Bank of Maharashtra reported a net profit of Rs 2,023 crore in Q1FY27, up 27% from Rs 1,594 crore in the corresponding quarter a year earlier, driven by higher net interest income and non-interest income as loan growth lifted interest earnings while other income streams strengthened. The increase in net profit was driven by...

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Private chef salaries reach $300,000 as the rich seek Michelin stars

TazaPulseJuly 10, 2026

Azmanjaka | E+ | Getty Images Private chefs are making up to $300,000 a year, and butlers can earn as much as $180,000 as the wealthy hire more household staff to manage their increasingly complex lives, according to a new study. Demand for chefs, personal assistants, butlers, nannies, housekeepers, chauffeurs and estate managers have reached...

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Delta Air Lines (DAL) Q2 2026 earnings

TazaPulseJuly 10, 2026

Boarding1now | Istock Editorial | Getty Images Delta Air Lines CEO Ed Bastian said the carrier’s original profit goal is in reach this year as the airline passes higher fuel bills along to customers and expects that pricing power to last even as oil prices drop from multi-year highs. “I think it’s sustainable,” Bastian told...

India-Us Trade Negotiations: India should avoid early trade concessions to US, test Washington’s resolve: SBI Ecowrap

TazaPulseJuly 10, 2026

The report argues that the US has increasingly adopted a negotiation strategy built around uncertainty (Representative image) India should avoid making early concessions in its ongoing trade negotiations with the United States and instead remain patient as Washington’s bargaining position evolves, according to the latest SBI Ecowrap report.The report argues that the US administration has...

Nilekani’s Fundamentum launches Rs 2,200 crore Fund III | Bengaluru News

TazaPulseJuly 10, 2026

BENGALURU: Fundamentum Partnership, the growth-stage investment firm co-founded by Infosys co-founder Nandan Nilekani and veteran entrepreneur-investor Sanjeev Aggarwal, has launched its third fund with a target corpus of Rs 2,200 crore, including a Rs 400 crore greenshoe option.Nilekani will anchor the fund as a limited partner (LP). Fundamentum said this marks his largest commitment to...

KKR-backed Lighthouse to buy Gurugram-based Pathways School

TazaPulseJuly 10, 2026

Pathways School, Gurgaon, one of India’s prominent IB schools, is in the process of being acquired by KKR-backed Lighthouse Learning Group, formerly EuroKids International, for about Rs 1,500 crore. It is being counted among the largest transactions yet in India’s school education sector.Pathway Gurgaon is a single campus spread across 10 acres with 4.5 lakh...

Centre looks to tap more global giants for GCCs

TazaPulseJuly 10, 2026

India having 5,000 GCCs by 2030 is realistic, achievable: Sitharaman NEW DELHI: India is planning to tap into the growing global capability centre (GCC) market to make itself indispensable to the world’s knowledge economy, as finance minister Nirmala Sitharaman Thursday reiterated that the goal of building an ecosystem capable of supporting around 5,000 GCCs by...