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Goldman Sachs wins $70B in asset management for Verizon, Lockheed Martin

TazaPulseJuly 9, 2026

Marc Nachmann, Goldman Sachs global head of asset and wealth management. CNBC Goldman Sachs said Thursday it won deals to manage a combined $70 billion in retirement assets for Verizon Communications and Lockheed Martin, one of the larger recent announcements in the fast-growing market for outsourced corporate investing. The mandates include about $30 billion in...

TCS Q1 FY27 results: Tata Consultancy Services reports 5% y-o-y increase in net profit to Rs 13,349 crore

TazaPulseJuly 9, 2026

TCS Q1 FY 2026-27 results: Tata Consultancy Services (TCS), India’s largest IT services company, reported a 5% year-on-year increase in consolidated net profit for the first quarter. Earnings rose to Rs 13,349 crore from Rs 12,760 crore in the corresponding period last year. The company’s board also approved an interim dividend of Rs 12 per...

Gold rush: India’s holdings of US Treasuries fall to near 6-year low; points to shift in RBI strategy

TazaPulseJuly 9, 2026

The reduction in US government debt holdings has partly been offset by a rise in gold reserves. (AI image) As the Reserve Bank of India (RBI) continues its forex diversification strategy, India’s holdings of US Treasury securities are down to almost a six year low. As per US Federal Reserve data, India’s exposure to US...

Trump’s threat makes Dalal Street nervous, Sensex falls 1,700 points

TazaPulseJuly 9, 2026

MUMBAI: Equity benchmark indices slumped over 2% on Wednesday, logging their sharpest single-day fall in over two months, after US President Donald Trump said the interim agreement with Iran was “over”.The statement, following attacks on commercial vessels in the Strait of Hormuz, triggered a 7% surge in crude oil prices to $79.1 per barrel, sparking...

Summer push: Durables eye double-digit growth

TazaPulseJuly 9, 2026

NEW DELHI: A scorching summer has spurred demand for seasonal appliances, putting India’s consumer durables sector on track to post a robust double-digit growth in the first quarter this fiscal year, one of its strongest quarterly performances in recent years. Analysts expect the sector to report over 20% year-on-year revenue growth in the June quarter,...

For startups, there is no easy road to IPO

TazaPulseJuly 9, 2026

MUMBAI: Even as IPO-bound startups are pitching their high growth models to investors to seek higher valuations, the latter are in no rush to buy into their proposals. In fact, investors are increasingly becoming choosy on the valuation front, said bankers, a dampener for startups such as Zepto which had been targeting a valuation of...

Oversight of Trai has hit us: Truecaller

TazaPulseJuly 9, 2026

NEW DELHI: Truecaller on Wednesday said users are blocking four lakh calls originating from 140-series and over 1.2 lakh calls from 1,600-series numbers everyday as it lobbied against whitelisting (verified number system).Since Oct, users have recorded 7.4 crore blocking actions on the two number series, while nearly four out of five calls from them are...

‘Tata Group eyeing $100bn in auto revenue by 2031’

TazaPulseJuly 9, 2026

Tata Sons Chairman N Chandrasekaran MUMBAI: Tata Group has set a target of $100 billion in automotive revenue by FY2031, chairman N Chandrasekaran said Wednesday, laying out an ambitious growth path for the conglomerate’s largest business vertical.The automotive portfolio spans Tata’s two listed vehicle makers-commercial and passenger-alongside its privately-held components unit.Jaguar Land Rover, the group’s...

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Levi Strauss (LEVI) Q2 2026 earnings

TazaPulseJuly 9, 2026

A view of Levi Strauss & Co. headquarters on July 8, 2026 in San Francisco, California. Heather Diehl | Getty Images Levi Strauss beat Wall Street’s quarterly expectations on the top and bottom lines on Wednesday, leading the retailer to increase its guidance and its dividend. The denim maker is now expecting full-year adjusted earnings...

Clean energy share in power mix breached 50% mark on July 6

TazaPulseJuly 9, 2026

NEW DELHI: Giving a push to its ambitious coal and lignite gasification programme, govt Wednesday floated a request for proposal (RFP) inviting companies to set up projects under its Rs 37,500-crore incentive scheme.Launched in May, the scheme aims to support the gasification of 75 million tonnes (MT) of coal and lignite by 2030 to produce...