Business -

Rupee tumbles 27 paise against US dollar as crude prices hold firm above $108 per barrel

TazaPulseSeptember 11, 2026

Rupee falls 27 paise against US dollar Rupee began Friday on a weak note, falling 27 paise to extend its decline against the US dollar. In early trading, the currency touched 95.79 as high crude oil prices and foreign portfolio outflows continued to weigh it down.Rupee began the session at 95.70 against the dollar at...

imf hails indias 78 growth calls economy a key global growth engine

‘Key growth engine for the world’: IMF hails India’s 7.8% growth, backs GDP estimate changes

TazaPulseSeptember 11, 2026

IMF hails India’s 7.8% growth, calls economy a key global growth engine India’s economy has stayed on the growth track despite the energy price shock, with real GDP rising 7.8% in the April-June quarter. The IMF hailed the stronger-than-expected performance, saying that the growth was boosted by better-than-expected activity in services and exports.At a press...

May tweak F&O settlement price mechanism: Sebi chief

TazaPulseSeptember 11, 2026

MUMBAI: Sebi chairman Tuhin Kanta Pandey on Thursday said that the newly introduced Closing Auction Session (CAS) will stay but the regulator is studying if the mechanism to arrive at derivatives settlement prices could be changed. Pandey also said that MSCI, one of the largest index service providers in the world, has acknowledged that even...

‘Building tomorrow’s market today with tokenised bonds’

TazaPulseSeptember 11, 2026

MUMBAI: RBI governor Sanjay Malhotra said early experiments with financial asset tokenisation were helping the regulator test the infrastructure for future markets as he launched a pilot enabling instant settlement of tokenised corporate bonds through the eRupee.Malhotra on Thursday launched the Demat 2.0 pilot with Sebi chairman Tuhin Kanta Pandey at the Global Fintech Fest....

Small towns power Quick-commerce biz for Flipkart

TazaPulseSeptember 11, 2026

MUMBAI: Small towns are fueling the growth of Flipkart’s quick commerce business Minutes. Cities such as Siliguri, Ambala, Barabanki, Bhagalpur and Durgapur are seeing huge consumer adoption with the overall customer base growing nearly 25 times year-on-year across such regions, the Walmart-owned company said.The broader Minutes business has expanded four times y-o-y since its launch...

Gross SIP flows, fund industry assets at record high

TazaPulseSeptember 11, 2026

MUMBAI: Discounting volatility in the stock market, investors poured in money through the mutual fund route that led to a record Rs 32,297 crore in gross monthly inflows through the systematic investment plan (SIP) route in Aug. This, combined with strong buying across most equity mutual fund categories, lifted the total assets managed by the...

Shopping online? From January, you’ll see the discount margin

TazaPulseSeptember 11, 2026

NEW DELHI: From Jan, e-commerce entities will have to display both the “reduced price” and “prior price” whenever they announce a price cut, including during festive sale seasons. The “prior price” will be the lowest price at which the product was offered up to 30 days before the announcement of discount.The provision is part of...

‘Mutually beneficial, win-win in nature’: China on trade ties with India

TazaPulseSeptember 10, 2026

China on Thursday described its economic and trade cooperation with India as “mutually beneficial and win-win in nature” and urged New Delhi to provide a fair, transparent and non-discriminatory business environment for Chinese companies operating in the country.Chinese foreign ministry spokesperson Guo Jiakun made the remarks at a press briefing when asked about reports that...

Ford announces $1 billion investment at Kentucky plant

TazaPulseSeptember 10, 2026

A worker at Ford’s Kentucky Truck Plant on April 30, 2025. Michael Wayland | CNBC DETROIT — Ford Motor on Thursday announced a $1 billion investment to build a new paint shop at its crucial truck plant in Kentucky. The announcement comes two days after Transportation Secretary Sean Duffy expressed “profound concern” about the automaker’s...

League could rework TV packages

TazaPulseSeptember 10, 2026

Roger Goodell, commissioner of the National Football League (NFL), at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023. Dustin Chambers | Bloomberg | Getty Images MELBOURNE, Australia — NFL Commissioner Roger Goodell said he will consider reworking game packages when the league inks its next media rights deal...