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Why PM Modi wants Indians to avoid buying gold for a year

TazaPulseMay 11, 2026
A day after Prime Minister Narendra Modi urged Indians to stop buying gold for a year in the national interest, GTRI backed the appeal, saying surging gold imports are straining India’s foreign exchange reserves and widening its trade imbalance. In its report, the think tank said, “GTRI has supported Prime Minister Narendra Modi’s appeal asking...
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Gold, Silver Rate Today Live Updates: Gold prices fall to $4,684.32 per ounce in international market amid rising geopolitical tensions

TazaPulseMay 11, 2026
Gold prices slipped on Monday as uncertainty over stalled US–Iran peace talks and rising oil prices fuelled fresh inflation concerns, reducing expectations of near-term interest rate cuts. Spot gold fell 0.6% to $4,684.32 per ounce, while US gold futures for June delivery declined 0.8% to $4,692.70. The weakness came as escalating Middle East tensions pushed...
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Nitin Gadkari inaugurates Multi Lane Free Flow tolling on UER-II in Delhi: How will it help commuters?

TazaPulseMay 11, 2026
Union minister for road transport and highways Nitin Gadkari on Monday inaugurated Multi Lane Free Flow tolling on Delhi’s Urban Extension Road-II (UER-II), bringing the capital’s latest transport corridor into India’s expanding barrier-less toll network. The move is aimed at boosting connectivity while easing travel for adjoining villages and surrounding habitations. The UER-II rollout follows...
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Oil prices today: Crude jumps after Trump rejects Iran’s latest offer; Strait of Hormuz remains shut

TazaPulseMay 11, 2026
Oil prices surged sharply on Monday after tensions in the Middle East intensified and the strategically crucial Strait of Hormuz continues to stay shut, with disruptions now having crossed 70 days. Meanwhile, the Middle East conflict has continued to intensify as US President Donald Trump rejected Tehran’s response to Washington’s peace proposal and Iran issued...
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Loans outrun deposits, margins dip

TazaPulseMay 11, 2026
MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure...
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Novartis seeks to deepen India innovation play

TazaPulseMay 11, 2026
NEW DELHI: Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology and immunology, after divesting its stake in its listed arm earlier this year.Significantly, India increasingly contributes to nearly every molecule that Novartis commercialises globally, and is moving further up the value chain,...
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