Business -

Business

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo. Ut elit tellus, luctus nec ullamcorper mattis, pulvinar dapibus leo.

Coffee giant to lay off 300 workers across US in $400 million restructuring

TazaPulseMay 16, 2026

Starbucks is once again trimming its workforce, laying off about 300 US-based roles set to go as the coffee giant reshapes its operations in a bid to get back to what it calls “durable, profitable growth”.The job reductions, according to Reuters, will affect regional support offices, with Starbucks also moving to consolidate its US office...

India-Brics trade booms to $416 billion, but deficit keeps rising

TazaPulseMay 16, 2026

India’s trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country’s imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher.A report by Rubix Data Sciences said India’s bilateral trade with...

Why your next meal may cost more?

TazaPulseMay 16, 2026

Your next biryani bowl, burger or that cheesy treat may soon cost a little extra. With fuel prices rising, India’s restaurants and delivery apps are bracing to make food 5-10% pricier from next week, as an industry already battling LPG shortages, soaring gas costs and staff crunches adds yet another expense to the menu.With LPG...

Oil stocks slide as price hike fails to offset losses

TazaPulseMay 16, 2026

MUMBAI: Despite a hike in retail fuel prices for petrol and diesel, stocks of oil marketing companies (OMCs) were deep in the red as market players said the price hike was not enough to offset daily losses these companies are incurring. Reports from Crisil and ICRA indicated that more price hikes are expected. Among the...

Rupee breaches 96/$ before closing at new low

TazaPulseMay 16, 2026

MUMBAI: The rupee hit a record low of 96.14 against the US dollar on Friday before settling at 95.97, one paise lower than its previous close, as global and domestic pressures weighed on the currency.The decline comes amid a widening current account deficit, continued selling by foreign investors, and broader macroeconomic pressures, while global developments...

‘India, UK work on steel issue for trade pact rollout’

TazaPulseMay 16, 2026

NEW DELHI: India and the UK are working on a “unique and creative solution” to address issues arising from Britain’s recent steel safeguard measure, which is delaying the operationalisation of the Comprehensive Economic and Trade Agreement (CETA).The two countries, on July 24, 2025, signed the pact, under which 99% of Indian exports would enter the...

Household essentials set to become costlier

TazaPulseMay 16, 2026

NEW DELHI : Your daily consumption basket, including staples, packaged foods and household essentials, could become more expensive in the months ahead as rising fuel prices push up supply chain and input costs. The fuel price revision, amid the ongoing West Asia conflict, is expected to add fresh pressure on FMCG companies, prompting them to...

Why the Indian currency breached 96 against US dollar

TazaPulseMay 16, 2026

Rupee slipped past the crucial 96-mark and hit a fresh all-time low of 96.14 against the US dollar in intraday trade on Friday, as soaring crude oil prices, escalating tensions in West Asia and persistent foreign capital outflows intensified pressure on the currency.At the interbank foreign exchange market, the rupee opened at 95.86 and weakened...

7 crucial deals inked by PM Modi in UAE

TazaPulseMay 16, 2026

NEW DELHI: India and the United Arab Emirates (UAE) on Friday signed seven key agreements during Prime Minister Narendra Modi’s brief stopover in the Gulf nation, the first leg of his five-country tour that will now take him to Europe.“Substantive outcomes that will add further vigour to the India-UAE friendship,” PM Modi posted on X...

Profit more than doubles to Rs 2,965 crore; India operations drive growth despite global headwinds

TazaPulseMay 16, 2026

Tata Steel on Friday reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, supported by higher revenues from its India operations and improved volumes, PTI reported. The company had posted a consolidated net profit of Rs 1,201 crore in the corresponding quarter of the...