Business -

Gold falls 1.4% as high yields, strong $ weigh

TazaPulseMay 20, 2026

Gold prices fell by more than 1% on a firmer US dollar and as persistent inflation fears kept interest rate hike expectations and US treasury yields high. Spot gold was down 1.4% at $4,504 per ounce. Prices fell to their lowest level since March 30 earlier in the session. US gold futures for June delivery...

PepsiCo bets bigger on India with 5,700cr expansion plan

TazaPulseMay 20, 2026

NEW DELHI: PepsiCo will ramp up investments in India with a Rs 5,700-crore expansion by 2030 as the snacks and beverages maker bets bigger on one of its fastest-growing markets after a strong performance last year. The company reported a second consecutive year of double- digit growth, with a revenue of Rs 9,798 crore, up...

PepsiCo to invest Rs 5,700 crore in India by 2030 to expand manufacturing capacity

TazaPulseMay 20, 2026

Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, with the planned spending largely aimed at expanding manufacturing capacity across its foods business, PTI reported.The investment will primarily support facilities in Madhya Pradesh, Assam and Tamil Nadu as the company looks to strengthen its footprint in one of...

Central bank board to meet on May 22 amid expectations of record payout

TazaPulseMay 20, 2026

The Reserve Bank of India (RBI) board is set to meet on May 22 to consider a potentially record surplus transfer to the government for FY27, with economists estimating the payout in the range of Rs 2.7 lakh crore to Rs 3 lakh crore, ET reported citing people familiar with the matter.The expected surplus transfer,...

Sebi proposes STP overhaul to cut costs and reduce concentration risks

TazaPulseMay 20, 2026

With a decentralised Application Programming Interface (API)-based model aimed at reducing costs, lowering latency and improving service delivery for market participants, market regulator Sebi on Tuesday proposed a major overhaul of the existing Straight-Through Processing (STP) framework seeking to replace the current centralised hub-based structure, PTI reported.In a consultation paper, Sebi proposed removing the current...

IBBI rolls out new empanelment rules for insolvency professionals

TazaPulseMay 20, 2026

The Insolvency and Bankruptcy Board of India (IBBI) has introduced fresh guidelines for empanelment of insolvency professionals to streamline and speed up appointments in corporate insolvency and bankruptcy proceedings, PTI reported.The revised framework lays down procedures for preparing a panel of insolvency professionals (IPs) who can serve as Interim Resolution Professionals (IRPs), Resolution Professionals (RPs),...

108304891 1778499909366 gettyimages 2274954568 US HOME SALES

Mortgage rates surge to highest level since July

TazaPulseMay 19, 2026

Homes in Rancho Cucamonga, California, US, on Saturday, May 9, 2026. Kyle Grillot | Bloomberg | Getty Images Growing concern over the trajectory of the war with Iran has bond yields rising and mortgage rates following suit. The average rate on the 30-year fixed loan rose 7 basis points Tuesday to 6.75%, according to Mortgage...

Currency falls to 96.70 against dollar after eighth straight session of losses

TazaPulseMay 19, 2026

The rupee extended its losing streak for an eighth consecutive session on Tuesday, tumbling 50 paise to close at a record low of 96.70 against the US dollar amid elevated crude oil prices, persistent foreign fund outflows and a stronger dollar driven by global risk aversion, PTI reported.The rupee, which has emerged as Asia’s worst-performing...

Banks may have to disclose detailed capital, liquidity and risk data under Basel III norms

TazaPulseMay 19, 2026

The Reserve Bank of India (RBI) on Tuesday proposed a revised disclosure framework under Basel III norms that would require banks to publish more detailed information on capital adequacy, leverage, liquidity and risk exposure, in a move aimed at strengthening transparency and market discipline, PTI reported.Under the proposed framework, banks would be required to make...

108307909 1778874916946 gettyimages 674680702 aaaoffimg 0828

Why car wash real estate is cleaning up

TazaPulseMay 19, 2026

Key Points The 100% bonus depreciation passed by the Trump administration is delivering a boost to car wash real estate. The car wash business has evolved markedly over the last decade as private equity investors flock to the recurring revenue. Typically, private equity buys the car wash business and then sells the property to an...