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Rupee hits record low again: Currency crashes 0.9% in a single day to record low of 95.31 vs US dollar

TazaPulseMay 11, 2026

In its sharpest single-day fall in more than a month, the rupee tumbled nearly 0.9 per cent to close at a record low of 95.31 against the US dollar on Monday as surging crude oil prices and escalating US-Iran tensions rattled financial markets, Reuters reported.The currency slide came after US President Donald Trump rejected Iran’s...

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Why PM Modi wants Indians to avoid buying gold for a year

TazaPulseMay 11, 2026

A day after Prime Minister Narendra Modi urged Indians to stop buying gold for a year in the national interest, GTRI backed the appeal, saying surging gold imports are straining India’s foreign exchange reserves and widening its trade imbalance. In its report, the think tank said, “GTRI has supported Prime Minister Narendra Modi’s appeal asking...

Gold, Silver Rate Today Live Updates: Gold prices fall to $4,684.32 per ounce in international market amid rising geopolitical tensions

TazaPulseMay 11, 2026

Gold prices slipped on Monday as uncertainty over stalled US–Iran peace talks and rising oil prices fuelled fresh inflation concerns, reducing expectations of near-term interest rate cuts. Spot gold fell 0.6% to $4,684.32 per ounce, while US gold futures for June delivery declined 0.8% to $4,692.70. The weakness came as escalating Middle East tensions pushed...

Nitin Gadkari inaugurates Multi Lane Free Flow tolling on UER-II in Delhi: How will it help commuters?

TazaPulseMay 11, 2026

Union minister for road transport and highways Nitin Gadkari on Monday inaugurated Multi Lane Free Flow tolling on Delhi’s Urban Extension Road-II (UER-II), bringing the capital’s latest transport corridor into India’s expanding barrier-less toll network. The move is aimed at boosting connectivity while easing travel for adjoining villages and surrounding habitations. The UER-II rollout follows...

Jewellery stocks today: Share prices sink up to 9% after PM Modi calls to cut gold purchases

TazaPulseMay 11, 2026

Jewellery segment shares fell sharply on Monday after Prime Minister Narendra Modi’s call to cut gold purchases. Share prices of Senco Gold and Kalyan Jewellerys tumbled over 8% while Titan was down over 6%.Speaking in a rally earlier on Sunday, PM Modi called citizens to help preserve foreign exchange reserves. His appeal included avoiding unnecessary...

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Oil prices today: Crude jumps after Trump rejects Iran’s latest offer; Strait of Hormuz remains shut

TazaPulseMay 11, 2026

Oil prices surged sharply on Monday after tensions in the Middle East intensified and the strategically crucial Strait of Hormuz continues to stay shut, with disruptions now having crossed 70 days. Meanwhile, the Middle East conflict has continued to intensify as US President Donald Trump rejected Tehran’s response to Washington’s peace proposal and Iran issued...

Net FPI outflows cross ‘2 lakh crore, top FY25 record within 5 months

TazaPulseMay 11, 2026

MUMBAI: Net outflow by foreign portfolio investors (FPIs) from the stock market for the current year crossed the Rs 2-lakh-crore mark for the first time ever. This also showed up in aggregate foreign holding in Indian stocks falling to a 14-year low at 14.7%, a level much below the comparative data for domestic institutions, which...

Loans outrun deposits, margins dip

TazaPulseMay 11, 2026

MUMBAI: Indian banks are navigating a paradox where credit growth is outstripping deposit growth but margins are under pressure. On paper, a scenario where credit outstrips deposit growth should be a recipe for soaring profitability. However, a deeper look into the recent earnings calls of major public sector lenders shows that margins remain under pressure...

Novartis seeks to deepen India innovation play

TazaPulseMay 11, 2026

NEW DELHI: Swiss pharma major Novartis is sharpening its strategy in India as a pure-play innovator across core therapy segments, including cardiovascular, oncology and immunology, after divesting its stake in its listed arm earlier this year.Significantly, India increasingly contributes to nearly every molecule that Novartis commercialises globally, and is moving further up the value chain,...

Crude likely to stay high: ADB economist

TazaPulseMay 11, 2026

NEW DELHI: Crude oil prices are likely to stay higher for longer due to the disruption caused by the longer-than-expected Middle East crisis, ADB Chief Economist Albert Park has said.“With a higher oil price expectation, we actually have it as USD 96 per barrel as average for 2026 as per the new reference scenario. It...

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Business

Rupee hits record low again: Currency crashes 0.9% in a single day to record low of 95.31 vs US dollar

Why PM Modi wants Indians to avoid buying gold for a year

Gold, Silver Rate Today Live Updates: Gold prices fall to $4,684.32 per ounce in international market amid rising geopolitical tensions

Nitin Gadkari inaugurates Multi Lane Free Flow tolling on UER-II in Delhi: How will it help commuters?

Jewellery stocks today: Share prices sink up to 9% after PM Modi calls to cut gold purchases

Oil prices today: Crude jumps after Trump rejects Iran’s latest offer; Strait of Hormuz remains shut

Net FPI outflows cross ‘2 lakh crore, top FY25 record within 5 months

Loans outrun deposits, margins dip

Novartis seeks to deepen India innovation play

Crude likely to stay high: ADB economist

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Micron is tech’s margin king memory crisis pushes it past Nvidia, Meta

Trump to press Boeing, Lockheed, Honeywell on weapons production

Anthropic accuses Alibaba of campaign to extract AI capabilities

JPMorgan unveils $50B buyback, Goldman Sachs raises dividend after Fed stress test

White House requests $87.6 billion supplemental spending for Iran war

‘Wrong turn’: Air India plane comes in front of IndiGo flight on same taxiway at Ahmedabad airport

Anthropic accuses Alibaba of campaign to extract AI capabilities

JPMorgan unveils $50B buyback, Goldman Sachs raises dividend after Fed stress test

White House requests $87.6 billion supplemental spending for Iran war

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Micron is tech’s margin king memory crisis pushes it past Nvidia, Meta

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