Business -

Create 30-day strategic LPG reserve, govt instructs OMCs

TazaPulseMay 30, 2026

NEW DELHI: Drawing lessons from the disruption in energy supplies because of the West Asia conflict, govt has asked oil marketing companies to work on creating a 30-day strategic reserve of LPG.Petroleum ministry joint secretary Sujata Sharma said the reserve would be over and above the 45-day rolling stock maintained by oil retailers to meet...

US stock markets today (May 29, 2026): S&P 500, Nasdaq extend record run as Dell jumps 33% on AI demand

TazaPulseMay 30, 2026

US stocks opened higher on Friday, extending their record-setting rally as strong earnings and growing optimism around artificial intelligence outweighed concerns about inflation and the economic impact of the conflict involving Iran.The S&P 500 rose 0.4 per cent in morning trade, building on six consecutive gains and putting the benchmark index on track for a...

Over 40L households now benefit from rooftop solar systems under Surya Ghar Yojana

TazaPulseMay 29, 2026

New Delhi: More than 40 lakh households now benefit from rooftop solar systems under PM Surya Ghar Yojana, contributing to the nation’s clean energy transition, against a target of having one crore homes covered by March next year.Launched in Feb 2024, the scheme aims to bring rooftop solar to one crore Indian homes by March...

Govt asks oil firms to build 30-day LPG reserves; says no distributor has run dry

TazaPulseMay 29, 2026

The government has asked state-run fuel retailers to expand liquefied petroleum gas (LPG) storage capacity to cover at least 30 days of demand, as supply disruptions linked to the West Asia conflict highlighted the need for larger reserves, PTI reported.“We are working on the strategic reserves. Oil marketing companies have been asked to work out...

IndiGo swings to Rs 2,537 crore Q4 loss as rupee depreciation, disruptions weigh on earnings

TazaPulseMay 29, 2026

India’s largest airline IndiGo reported a consolidated net loss of Rs 2,536.9 crore for the March quarter compared with a profit of Rs 3,067.5 crore a year earlier, as sharp rupee depreciation and a challenging operating environment weighed on its performance, PTI reported.The airline’s total income rose more than 3 per cent to Rs 23,830.7...

US stock markets today (May 30, 2026): S&P 500, Nasdaq extend record run as Dell jumps 33% on AI demand

TazaPulseMay 29, 2026

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Replimune to resubmit melanoma drug after FDA’s Makary leaves

TazaPulseMay 29, 2026

Thomas Fuller | Lightrocket | Getty Images Replimune plans to resubmit its melanoma drug to the Food and Drug Administration for review after a leadership exodus at the agency, the company said Friday. The FDA twice rejected Replimune’s melanoma treatment under the previous FDA leadership, including former Commissioner Marty Makary, who stepped down earlier this...

Forex reserves fall $7.5 billion to $681.4 billion as gold, foreign currency assets decline

TazaPulseMay 29, 2026

India’s foreign exchange reserves fell by $7.511 billion to $681.384 billion in the week ended May 22, extending their decline for a second consecutive week, according to data released by the Reserve Bank of India (RBI) on Friday, reported PTI. The reserves had dropped by $8.094 billion in the previous reporting week to $688.894 billion....

Asian grocery brands are evolving beyond the ‘ethnic aisle’

TazaPulseMay 29, 2026

When Candice Choi launched her Korean seaweed snack brand, Geem, in 2023, she thought the company would be strictly direct-to-consumer, with its marketing strategy relying primarily on TikTok. But within three months, the seaweed snacks were on the shelves of grocery stores, including some Whole Foods locations, where Geem chips sit next to kale chips...

Subsidy bill set to spike due to fertliser payouts, cooking gas payouts

TazaPulseMay 29, 2026

NEW DELHI: The Centre is staring at a massive surge in its subsidy bill during the current fiscal year as fertiliser payouts may reach Rs 3.8 lakh crore – more than twice the budgeted level – against govt’s total budgeted subsidy bill of Rs 4.1 lakh crore for 2026-27.For cooking gas too, the budgeted subsidy...