Business -

RBI approves 2.9 lakh crore dividend to government, up 6.7% from last year

TazaPulseMay 23, 2026

MUMBAI: The Reserve Bank of India board on Friday okayed a dividend of Rs 2.87 lakh crore to govt, 6.7% more than last year’s Rs 2.69 lakh crore, even as it sharply raised transfers to its contingency risk buffer amid a surge in earnings and balance sheet expansion.The higher dividend came despite a transfer of...

Forex spends by Indians drop 2% to $29 billion in FY26

TazaPulseMay 23, 2026

MUMBAI: Total outward remittances under the Liberalised Remittance Scheme (LRS) witnessed a contraction in FY26, dropping about 2% to $29 billion from the $29.6 billion recorded in FY25. This downward trajectory highlights that visa restrictions are impacting overseas education spending, which plummeted 20.9% from $2.9 billion to $2.3 billion, alongside a 3.1% dip in international...

AIIB launches $10 billion support facility for countries hit by Middle East conflict, India among key shareholders

TazaPulseMay 23, 2026

The Asian Infrastructure Investment Bank (AIIB) has launched a $10 billion fund facility to support member countries affected by the economic fallout of the ongoing Middle East conflict, PTI reported. India is the second-largest shareholder in the China-led multilateral lender after China.The Beijing-headquartered bank said the newly launched Energy, Food Security and Economic Resilience Facility...

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Walmart executives depart under CEO John Furner

TazaPulseMay 23, 2026

A Walmart store is seen on Feb. 3, 2026 in Austin, Texas. Brandon Bell | Getty Images Two top Walmart executives are departing the company, nearly four months after CEO John Furner took over, CNBC learned on Friday. Tom Ward, the chief operating officer of Walmart’s warehouse Sam’s Club, is retiring, while Cedric Clark, Walmart’s...

India’s tryst with oil shocks: How crude prices shaped economy and policy in last five decades

TazaPulseMay 23, 2026

Every major oil shock has left a mark on India, sometimes through inflation, sometimes through foreign exchange pressure, and occasionally through wider economic change. The country’s 1991 balance-of-payments crisis unfolded against a backdrop of rising oil prices. High crude costs later pushed difficult conversations around subsidies, fuel deregulation and energy security. More recently, shifts in...

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The Mandalorian and Grogu’ box office preview

TazaPulseMay 23, 2026

Still from “Star Wars: The Mandalorian and Grogu.” “Star Wars” returns to the big screen for the first time in seven years this weekend, riding the contrails of a Mandalorian’s jetpack. Disney’s “Star Wars: The Mandalorian and Grogu” tallied $12 million in Thursday night preview sales, the lowest collection of advanced tickets in the franchise’s...

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Egg prices fall due to oversupply after bird flu shortages

TazaPulseMay 22, 2026

Customers shop for eggs at an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Egg prices are finally cooling in a welcome shift for consumers. But now a new challenge is sending producers scrambling: they have too many eggs at a time when their input costs are rising....

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IMAX could be for sale. Here’s who would buy it

TazaPulseMay 22, 2026

Moviegoers watch the film Ne Zha 2 at an IMAX GT Cinema on February 23, 2025 in Guiyang, Guizhou Province of China. China News Service | China News Service | Getty Images Wall Street is buzzing following reports that IMAX is exploring a sale. Shares of the movie theater technology company were up roughly 14%...

RBI’s record dividend payout of Rs 2.87 lakh crore: How will it help government amid Middle East crisis?

TazaPulseMay 22, 2026

The Reserve Bank of India (RBI) has announced a record dividend payout of Rs 2.87 lakh crore to the government for FY 2026-27. The payout comes at a time when the economy is dealing with the effects of the US-Iran war and global oil price shock. The dividend announced on Friday is the highest ever...

India blocks China’s WTO panel bid over solar support measures, dispute set for next stage

TazaPulseMay 22, 2026

India has blocked China’s request to establish a dispute settlement panel at the World Trade Organization (WTO) in a case challenging New Delhi’s support measures for the solar cells, modules and information technology sectors, PTI reported.China had earlier this month approached the WTO’s dispute settlement body seeking the formation of a panel after bilateral consultations...