Business -

Cash handling companies seek more for ATM refills

TazaPulseMay 27, 2026

MUMBAI: Cash logistics companies, which replenish ATMs, have approached banks seeking measures to offset a sharp rise in operating costs, warning that a combination of fuel inflation, wage hikes and compliance expenses could push industry costs up by 15-20% in the near term. An increase in fees is likely to require a revision in ATM...

Exceptionally early heat wave shatters records, brings deaths in Europe

TazaPulseMay 27, 2026

LONDON: Temperature records toppled as a spring heat wave continued to scorch parts of Western Europe on Tuesday, triggering government warnings about risks to life. Several drownings were reported in Britain and France as people tried to cool down. London recorded a rare “tropical night”, defined as one in which the temperature does not fall...

India crude processing falls 8.9% in April; Middle East supply shifts weigh on refiners

TazaPulseMay 26, 2026

India’s crude processing by refiners fell in April as supply disruptions linked to the Middle East conflict changing crude sourcing patterns and maintenance shutdowns weighed on refinery operations, according to provisional government data reviewed by Reuters.India processed 5.23 million barrels per day (mbpd), or 21.39 million metric tonnes of crude oil in April, down 8.9...

Will bank fixed deposit rates rise soon? Higher CD costs signal better returns for savers

TazaPulseMay 26, 2026

Savers could see higher returns on bank deposits in the coming months as the cost of certificates of deposit (CDs), which had been viewed as a leading indicator for broader deposit rates, surged sharply in May amid tighter liquidity conditions and stronger demand for funds.One-year CD rates are currently quoting at 7.70 per cent, up...

Petrol pain: How fuel price hike complicates RBI’s inflation fight

TazaPulseMay 26, 2026

Fuel price hikes impact the common man through several channels, leading to lower disposable income in hand, higher cost of travel. (AI image) Almost three months after the start of the US-Iran war, the economic fallout from the Middle East is beginning to hit home. Finance Minister Nirmala Sitharaman has expressed concern on 3Fs: fuel,...

Centre to offload up to 2% stake in Coal India through OFS, sets floor price at Rs 412 per share

TazaPulseMay 26, 2026

In a posh to raise around Rs 5,000 crore for the exchequer, the government will sell up to a 2 per cent stake in Coal India through an offer for sale (OFS), with a floor price of Rs 412 per share, PTI reported.The sale comprises a base offer of 1 per cent equity and an...

Tata Sons board meeting ends amid focus on leadership and group performance concerns

TazaPulseMay 26, 2026

A board meeting of Tata Sons, the holding company of the Tata Group, concluded in Mumbai on Tuesday amid reports of discussions around leadership and concerns over the performance of some group businesses, PTI reported.Directors, including Tata Trusts chairman Noel Tata, arrived at the group’s headquarters, Bombay House, in the morning and left in the...

Oil giant BP chairman removed over ‘governance concerns’, interim chief named

TazaPulseMay 26, 2026

British oil giant BP has removed Albert Manifold as chairman less than a year after he took over the role, citing what it described as “serious concerns” over governance, oversight and conduct at the company, AFP reported.The company announced on Tuesday that board member Ian Tyler has been appointed interim chairman with immediate effect.“The board...

Silver rally comes with a dark shine: Counterfeit bars, coins flood Indian markets

TazaPulseMay 26, 2026

Rising silver prices are not just pushing investment demand, they are also opening the door to a surge of impure silver bars and coins in the Indian market. The trend has raised concerns among industry stakeholders over widespread counterfeiting and lapses in quality standards. Precious metal refiners have now stepped up calls for the Bureau...

Sebi may ease disclosure rules for debt issuers, bond tokenisation pilot on cards

TazaPulseMay 26, 2026

Capital markets regulator Sebi will examine whether disclosure requirements for debt-only listed entities need to be relaxed as part of broader efforts to deepen India’s corporate bond market, Chairman Tuhin Kanta Pandey said on Tuesday, PTI reported.Speaking at an event organised by CareEdge Ratings in Mumbai, Pandey said the regulator would also launch a pilot...