Business -

Rupee reverses RBI-driven gains, falls 43 paise to 95.61 against US dollar

TazaPulseJune 8, 2026

The rupee surrendered most of its previous session’s gains and fell 43 paise to close at 95.61 against the US dollar on Monday weighed down by a sharp rise in crude oil prices and a stronger greenback amid escalating geopolitical tensions in the Middle East, PTI reported.Forex traders said risk aversion in global markets, higher...

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Texas screwworm cases don’t risk food supply, Brooke Rollins says

TazaPulseJune 8, 2026

The U.S. food supply is “not at risk” from the return of the flesh-eating screwworm parasite to Texas, U.S. Department of Agriculture Secretary Brooke Rollins said on Monday. “This is not a virus, it’s not a disease, it’s just a little pest, a larva that lands in a calf’s wound, for example, and it can...

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Novo Nordisk, Eli Lilly roll out obesity pills, prepare for Medicare coverage

TazaPulseJune 8, 2026

Novo Nordisk and Eli Lilly took their GLP-1 pill battle to the preeminent obesity meeting this weekend as they prepare for the next sea change in how patients receive their drugs. Novo Nordisk on Sunday announced that prescriptions of the Wegovy pill have topped 3 million since it entered the U.S. market about five months...

Bond rally defies oil shock, yields hit one-month low despite Middle East tensions

TazaPulseJune 8, 2026

Government bonds advanced on Monday shrugging off a surge in crude oil prices triggered by escalating tensions in Middle East as optimism over the Reserve Bank of India‘s accommodative policy stance and measures to attract foreign capital supported market sentiment.The yield on the benchmark 6.48% 2035 government bond fell 2.4 basis points to 6.9532%, its...

Lavazza launches single-serve tablets to make espresso

TazaPulseJune 8, 2026

Lavazza said its Tablì tabs are made of 100% coffee, without any gelatin, coating or binders. Source: Lavazza Lavazza is bringing its espresso tablets to the U.S., aiming to loosen Keurig Dr Pepper’s grip on the single-serve coffee category. The Italian coffee giant unveiled Tablì last year and launched the new brewing system first in...

Tata-backed Small Animal Hospital sees board churn

TazaPulseJune 8, 2026

MUMBAI: The board of the Small Animal Hospital, India’s largest tertiary care veterinary facility and a cherished project of the late Ratan Tata, has been reconstituted following the exit of his close confidant Mehli Mistry, as the internal conflict engulfing Tata Trusts ripples into affiliated institutions.Sanjay Ubale, a former MD of Tata Realty & Infrastructure,...

LIC to look at long-term investment instruments

TazaPulseJune 8, 2026

Life Insurance Corporation (LIC) of India NEW DELHI: State-owned Life Insurance Corporation of India (LIC) is engaging with key financial regulators, including RBI and Sebi, to expand the availability of long-term investment instruments as inflows into its annuity products keep on rising, CEO and MD R Doraiswamy said.An annuity product converts an accumulated retirement corpus...

Germany’s security tech Giesecke+Devrient bets Rs 1,100cr on India, eyes acquisition

TazaPulseJune 8, 2026

MUMBAI: Giesecke+Devrient (G+D), the German security technology group spanning currency, digital payments and cybersecurity, is stepping up its India play with fresh investments of Rs 1,100 crore in 2026, localisation plans and a sharper focus on digital infrastructure, as it bets on the country’s dual-track growth in cash usage and digital adoption. The company is...

Gold price prediction today: Where are gold prices headed? Key levels to watch out for June 8, 2026 week

TazaPulseJune 8, 2026

Technically, gold is approaching an important support cluster between ₹153,500 and ₹154,500. (AI image) Gold price prediction today: Gold prices continue to be volatile amid geopolitical developments, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.Gold prices remained under pressure during the week, extending their corrective phase after failing to sustain...

Tata Motors to gain from scrappage push

TazaPulseJune 8, 2026

CHENNAI: With a network of 11 registered vehicle scrapping facilities (RVSFs) across 10 states, excluding the southern region, and the capacity to dismantle more than 1.9 lakh vehicles annually, Tata Motors stands to benefit from the Centre’s push to retire ageing commercial vehicles as India intensifies efforts to curb vehicular pollution.Last week, the Union cabinet...