Business -

CAS smooth on MSCI index rebalancing day

TazaPulseSeptember 1, 2026

MUMBAI: Monday’s Closing Auction Session (CAS) went off smoothly with Rs 39,718 crore (about $4.2 billion) worth of stocks traded on NSE alone during the session. It was also the day when MSCI emerging market index rebalancing, that was worth about $4 billion, took place during the last half-an-hour of trading, part of which overlapped...

Maruti plans small EV push, targets wider charging infrastructure

TazaPulseSeptember 1, 2026

Maruti plans small EV push, targets wider charging infrastructure NEW DELHI: Maruti Suzuki is preparing to take electric vehicles into smaller car segments, but will wait for a wider charging network before expanding beyond its first EV, the e Vitara.The company’s MD and CEO Hisashi Takeuchi said at its annual general meeting that smaller electric...

Semicon 2.0: Government bets on advanced chips, talent

TazaPulseSeptember 1, 2026

Semicon 2.0: Government bets on advanced chips, talent NEW DELHI: India plans to train one lakh semiconductor design engineers over five years under Semicon 2.0, as govt looks to build a deeper talent pool alongside its push into advanced chip technologies and manufacturing. The skilling push builds on the first phase of the programme, under...

Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

TazaPulseSeptember 1, 2026

India’s economy grows 7.8% in Q1, driven by manufacturing, services and robust domestic demand, moderating from 8.6% in previous quarter. NEW DELHI: The Indian economy grew 7.8% during April-June quarter (Q1) of the current financial year as strong growth sustained in the manufacturing and services sector along with robust domestic demand, offsetting the anticipated adverse...

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Trump to announce new drug pricing deals with drugmakers: Report

TazaPulseSeptember 1, 2026

President Donald Trump makes an announcement about lowering the cost of drug prices, at the Roosevelt Room of the White House in Washington, Dec. 19, 2025. Evelyn Hockstein | Reuters Nearly a dozen drugmakers are slated to ink deals with President Donald Trump on Monday to voluntarily sell their medications for less, MS NOW reported,...

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Mortgage rates surge to the highest since June 2025

TazaPulseAugust 31, 2026

A jump in oil prices after renewed hostilities in the Iran war is pushing bond yields higher, and mortgage rates are following suit. The average rate on the 30-year fixed loan jumped 6 basis points on Monday to 6.87%, according to Mortgage News Daily. That is the highest level since June 2025. It’s now up...

Gold pledged for loan stolen in bank robbery: Borrower gets gold value plus Rs 88,362 for making charges and stones, Rs 40,000 compensation – how he won the case

TazaPulseAugust 31, 2026

The jewellery remained in the custody of the bank branch but was subsequently robbed, according to the bank’s submission. (Image for representative purpose only) Imagine this case: You have taken a loan against your gold. That gold is lying with the bank. Then in a bank robbery the gold is stolen. Who is responsible for...

indian it could see ai led growth inflection from fy27 as spending shifts to deployment

AI could be the next growth engine for Indian IT from FY27: Anand Rathi

TazaPulseAugust 31, 2026

Indian IT could see AI-led growth inflection from FY27 as spending shifts to deployment The next phase of the artificial intelligence investment cycle could work in favour of Indian IT services companies, with global technology spending expected to move towards enterprise-level AI deployment after a period focused largely on building infrastructure, according to an Anand...

NPS charges revised from October 1, 2026: Rs 200 onboarding fee, 0.20% annual charge; e-NPS users can avoid PoP fees, check who pays and who gets relief

TazaPulseAugust 31, 2026

According to the PFRDA circular, PoPs will receive an annual charge equivalent to 0.20% of the assets under management. New NPS charges from October 1: The Pension Fund Regulatory and Development Authority (PFRDA) has updated the charges that Point of Presence (PoP) entities are permitted to levy on subscribers under the National Pension System (NPS)...

India buys record 2.6 mbd Russian crude oil, refines some of it and now sends it back as petrol: why one of world’s biggest oil suppliers Russia has been forced to import 1 million barrels in 2 months from India

TazaPulseAugust 31, 2026

India has become an important source of gasoline, or petrol, for Russia. There is a strange irony to the situation. Russia, known to be one of the world’s biggest oil exports and a country among the top 10 with highest crude reserves, is being forced to import petrol. What’s even more interesting is that the...