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OMCs may be losing Rs 5/L on petrol, Rs 23 on diesel: ICRA

TazaPulseSeptember 10, 2026

OMCs may be losing Rs 5/L on petrol, Rs 23 on diesel: ICRA NEW DELHI: A surge in global crude prices due to renewed hostilities has started hitting the oil marketing companies, with state-owned fuel retailers estimated to be losing around Rs 5 per litre on petrol and Rs 23 on diesel, ratings agency ICRA...

Cognizant’s green card filings suspended amid probe by US

TazaPulseSeptember 10, 2026

BENGALURU: Cognizant’s US green-card filings have been suspended amid an investigation into potential fraud and misuse of employment visa programmes, Anthony D’Esposito, inspector general at US Department of Labor, said in a post on X. “Fighting fraud is a Team Sport…..Threats to American workers will not be tolerated. Alongside @WHFraudTF, we’re following facts, fraud and...

Sensex tanks 813 points as crude spikes

TazaPulseSeptember 10, 2026

MUMBAI: Rising geopolitical tensions in the Persian Gulf region pushed up Brent prices above the $100-per-barrel mark for the first time since July on Wednesday. This, in turn, led to the weakening of the rupee, which fell below the 95/$ mark and settled at 95.1 at close. Dalal Street, too, felt the jitters courtesy of...

RBI flags tech concentration risks, warns of disruptions

TazaPulseSeptember 10, 2026

MUMBAI: RBI deputy governor Rohit Jain flagged concentration risk among banks as most of them become dependent on a few cloud, technology and model providers, warning that a common technology dependency could allow a disruption at one provider to spread across multiple financial institutions.Speaking at the Global Fintech Fest in Mumbai on Wednesday, Jain said...

NSE cuts IPO size, may raise 23.5k crore

TazaPulseSeptember 10, 2026

MUMBAI: IPO-bound National Stock Exchange (NSE), the largest stock exchange in India by turnover and profits, is reducing the size of its offering to about 5.3% of its equity base, from 6% planned earlier. The stocks will be offered in a price band of Rs 1,700 to Rs 1,785 per share, people in the know...

Skoda Auto, JSW sign MoU to explore PV joint venture

TazaPulseSeptember 10, 2026

NEW DELHI: Skoda Auto and JSW Green Mobility have signed a non-binding agreement to explore a joint venture that could develop, manufacture and sell passenger vehicles in India and overseas, the companies announced on Wednesday. The proposed partnership will span internal combustion engine vehicles, electric vehicles, plug-in hybrids and hybrids, signalling that the discussions extend...

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What the 2026 summer box office reveals about theatrical shifts

TazaPulseSeptember 10, 2026

“Spider Man: Brand New Day” and “The Odyssey.” Sony (L) | Universal (R) Hollywood has a new summer record. The domestic box office tallied $4.76 billion in ticket sales during the period between May 1 and Sept. 7, the highest haul in cinematic history. The key moviegoing season, which starts the first weekend in May...

LA Rams President Kevin Demoff touts Australia push ahead of 49ers game

TazaPulseSeptember 9, 2026

MELBOURNE, Australia — The Los Angeles Rams will play the first-ever regular-season NFL game Down Under this week, but the team has been quietly building its profile in the country for the past five years. “We basically have full activation rights here in many ways that we would … in Los Angeles,” Kevin Demoff, president...

Govt eyes ethanol blending beyond E20 with flex-fuel vehicles, says PM advisor

TazaPulseSeptember 9, 2026

India’s ethanol production capacity has surpassed the requirements for blending, prompting the government to explore additional uses for the surplus. The government is looking to move beyond the 20 per cent ethanol-blending target as flex-fuel vehicles are expected to enter the market, advisor to the Prime Minister Tarun Kapoor said on Wednesday.Speaking at The India...

brent crude oil price nears 100 as attacks on tankers threaten to worsen supply shock

Govt-owned fuel retailers lose Rs 5 per litre on petrol, Rs 23 on diesel as oil tops $100 per barrel: Report

TazaPulseSeptember 9, 2026

Higher crude prices could raise costs across fuel, transport and other energy-intensive sectors, adding to domestic inflation pressures. State-owned fuel retailers are losing around Rs 5 per litre on petrol and Rs 23 per litre on diesel as renewed tensions in West Asia pushed international crude oil prices above $100 a barrel, analysts said on...