Business -

Explained: How India’s transition from WPI to PPI will strengthen inflation measurement – what it means for policy making

TazaPulseJune 27, 2026

PPI captures the prices relevant for the production process without being complicated by inclusion of indirect taxes net of subsidies or wholesalers’ margins. (AI image) By DK Srivastava, Chief Policy Advisor, EY IndiaConventionally, in India, two major price indices namely Wholesale Price Index (WPI) and Consumer Price Index (CPI) have been prepared periodically. The WPI...

Make use of FTAs, other schemes to boost shipments, government tells businesses

TazaPulseJune 27, 2026

Make use of FTAs, other schemes to boost shipments, government tells businesses NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export...

Exporters flag concerns over revised Fema rules

TazaPulseJune 27, 2026

Exporters flag concerns over revised Fema rules Exporters have flagged at least half-a-dozen concerns on the revision in Fema rules that come into effect later this year, with the Reserve Bank of India considering several of the proposals favourably, industry executives said. RBI governor Sanjay Malhotra had met industry bodies on Thursday. Federation of Indian...

Goldman, EY upbeat on India growth on lower crude prices

TazaPulseJune 27, 2026

Goldman Sachs and EY on Friday said that the easing of West Asia crisis and lower energy prices will be positive for the Indian economy, supporting growth, easing inflationary pressure and helping rein in fertiliser subsidy, which was seen to be double the budgeted level. “…with the recent downward revision in the oil price forecast…...

HDFC review finds no evidence backing ex-chairman’s charges

TazaPulseJune 27, 2026

MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records. “The minutes of the meetings Mr. Chakraborty attended were a product of a comprehensive drafting, review and approval process that...

Humble Re 1 retains coining glory despite rise of digital payments

TazaPulseJune 27, 2026

Humble Re 1 retains coining glory despite rise of digital payments NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match. Yet, despite a steady drop in its value, Re 1 remains the most...

India’s AI services revenue touches $12 billion as adoption moves beyond pilots: Nasscom

TazaPulseJune 27, 2026

Speaking at the Nasscom US CEO Forum in New York, industry leaders said AI is creating fresh growth opportunities for technology services rather than replacing traditional IT work. India’s technology services industry is already generating an estimated $10-12 billion in revenue from artificial intelligence (AI) services, with nearly a quarter of companies moving AI projects...

1782508581 ai generated image used only for representational purpose

US waives sanctions on Iranian crude: Here’s why Indian refiners are still hesistant to buy it

TazaPulseJune 27, 2026

A temporary US sanctions waiver has put Iranian oil back on the table, but will Indian refiners return as buyers?While Washington has given Iran a 60-day window to export crude, Indian refiners are unlikely to rush back for those barrels. Most of their oil purchases for the coming months have already been booked, with state-run...

108327653 1782501260103 gettyimages 2246999085 263 11192025 bulls trailblazers browne 0743

Walmart heir Lukas Walton buys minority stake in Chicago Bulls

TazaPulseJune 27, 2026

The Chicago Bulls celebrate during the game after Nikola Vucevic #9 of the Chicago Bulls scores the game winning buzzer beater against the Portland Trail Blazers on Nov. 19, 2025 at the Moda Center Arena in Portland, Oregon. Cameron Browne | National Basketball Association | Getty Images Walmart heir Lukas Walton and his wife, Samantha,...

India’s forex reserves rise to $672.59 billion after gold holdings jump

TazaPulseJune 27, 2026

India’s foreign exchange reserves rose by $963 million to $672.587 billion in the week ended June 19, reversing the previous week’s sharp decline, as a surge in gold reserves more than offset a fall in foreign currency assets, according to RBI data released on Friday, PTI reported.The country’s forex reserves had declined by $9.985 billion...