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Tata Sons stays, 4 more PSUs enter NBFC upper layer

TazaPulseAugust 7, 2026

Four public sector infrastructure and development finance institutions have been added to the primary list MUMBAI: Reserve Bank of India on Thursday released the revised list of upper layer NBFCs for FY27 under the scale-based regulation framework, expanding the pool with the addition of public sector infrastructure financiers while retaining Tata Sons on the list...

rbi set to bar nbfcs from offering revolving credit

Rbi: RBI bars NBFCs from offering revolving credit facilities

TazaPulseAugust 7, 2026

According to draft directions issued by the central bank, NBFCs will be barred from offering revolving credit products and will be required to offer only credit facilities in the nature of term loans MUMBAI: RBI has proposed a sweeping overhaul of credit facility norms for non-banking financial companies, mandating a shift to term-loan structures while...

Rupee slips to 95.28 against US dollar as oil, treasury yields remain elevated

TazaPulseAugust 7, 2026

Rupee slips to 95.28 against US dollar as oil, Treasury yields remain elevated Rupee began Friday in red, falling 6 paise to 95.28 against the US dollar in early trade as a firmer greenback and higher US Treasury yields put pressure on the currency.The currency began the session at 95.27 at the interbank foreign exchange...

Will you have to pay to use UPI? FM Sitharaman clarifies who bears MDR

TazaPulseAugust 7, 2026

Union finance minister Nirmala Sitharaman speaking during the Monsoon session of Parliament Finance minister Nirmala Sitharaman on Thursday pushed back Congress leader Jairam Ramesh’s claims that ordinary people could end up paying more for using the Unified Payments Interface (UPI), clarifying that any Merchant Discount Rate (MDR) on digital transactions would be levied on merchants...

Stock Market Today Live Updates: Where are BSE Sensex and NSE Nifty50 headed today? Oil prices, global cues and more in focus

TazaPulseAugust 7, 2026

Benchmark equity indices ended on a mixed note in the previous trading session, with BSE Sensex outperforming NSE Nifty as buying in heavyweight stocks offset broader caution. The 30-share Sensex climbed 373.76 points, or 0.48%, to settle at 78,954.76 after remaining in positive territory throughout the day. Meanwhile, Nifty 50 traded in a narrow range...

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EU cracks down on Caribbean golden passport programs with visa threat

TazaPulseAugust 7, 2026

View over the clear turquoise waters of the harbor from verdant hilltop viewpoint above the village, Marigot Bay, Castries, St. Lucia. David C Tomlinson | The Image Bank | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign...

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Megayacht Amadea sold for $187M to Dubai billionaire with Trump ties

TazaPulseAugust 7, 2026

A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, straight to your inbox. A megayacht once valued at more than $300 million was sold by the U.S. government for $187 million to an Emirati billionaire whose...

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American Airlines will stop upgrading some flyers on long flights

TazaPulseAugust 7, 2026

An American Airlines Boeing 737-823 passneger aircraft moves along the tarmac at Chicago O’Hare International Airport (ORD) on August 23, 2024 in Chicago, Illinois. Daniel Slim | AFP | Getty Images American Airlines elite frequent flyers have to say goodbye to the free coach-to-business leap on several long-haul domestic routes. Starting Aug. 25, American said...

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Sweetgreen cuts full-year outlook as cyclospora fears weigh on sales

TazaPulseAugust 7, 2026

Pedestrians pass by a Sweetgreen restaurant on Aug. 4, 2026 in San Francisco, California. Heather Diehl | Getty Images Sweetgreen on Thursday cut its full-year outlook and is now projecting steeper same-store sales declines due to diner fears of eating fresh produce during the ongoing cyclospora outbreak. Shares of the salad chain fell more than...

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Savers Value Village thrift store launches new AI tool to price items

TazaPulseAugust 7, 2026

Savers Value Village is launching a new platform leveraging artificial intelligence to help optimize product pricing, the company told CNBC exclusively, as the tricky-to-price thrift segment gains traction around the world. The new platform, called ThriftIQ, uses AI to reduce the work needed to price items across the men’s and women’s apparel assortment and bring...