Business -

Government plans new indices to track informal mfg, services

TazaPulseJune 3, 2026

NEW DELHI: Soon after the overhaul of index of industrial production (IIP) for the formal sector, govt machinery is preparing to enter the statistical blind spot of the vast informal economy. The statistics ministry is finalising plans to launch an entirely new index designed to measure monthly industrial production, specifically for the country’s vast informal...

India slips to seventh in global market capitalisation ranking

TazaPulseJune 3, 2026

MUMBAI: On Tuesday, India slipped to the seventh spot in terms of stock market valuation as South Korea marched to sixth. In the last two years, India has slipped three places in the rankings after Hong Kong, Taiwan and South Korea overtook it, historical data showed.Nearly unabated foreign fund selling since Sept 2024 (when the...

Wealth Co enters pact with NSE for EGR

TazaPulseJune 3, 2026

MUMBAI: The Wealth Co, the assets management arm of domestic financial services group Pantomath, on Tuesday signed an agreement with NSE to offer Electronic Gold Receipts (EGR), a product that the bourse launched recently. EGRs are exchange-traded products backed by physical gold. Source link

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Ulta Beauty (ULTA) Q1 earnings 2026

TazaPulseJune 3, 2026

An Ulta Beauty store in Colma, California, US, on Wednesday, Dec. 3, 2025. David Paul Morris | Bloomberg | Getty Images Ulta Beauty on Tuesday reported quarterly results that beat on the top and bottom lines and hiked its earnings outlook as the retailer saw a strong start to its fiscal year. Shares of the...

Producer price index, revised wholesale price index set to come on June 15

TazaPulseJune 3, 2026

NEW DELHI: Nearly two decades after a working group was formed to compile producer price index (PPI), govt Tuesday finally laid out a road map for its introduction. On June 15, govt will unveil the revised wholesale price index, with 2022-23 base, and along with it will come PPI.In five years, govt intends to phase...

US again throws India over the Russian oil barrel

TazaPulseJune 3, 2026

TOI correspondent from Washington: US Secretary of State Marco Rubio has renewed pressure on New Delhi’s purchases of Russian oil, telling Congress on Tuesday that the Trump administration wants to end “as soon as possible” sanctions waivers and special arrangements that have allowed countries such as India to import Russian oilRubio’s remarks during a Senate...

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Markets in ‘greed’ mode as AI firms ready IPOs

TazaPulseJune 2, 2026

Goldman Sachs CEO David Solomon said Tuesday that investors have shifted decisively into “greed” mode as markets are poised to test an unprecedented fundraising wave for giant artificial intelligence firms. Asked by CNBC’s Leslie Picker whether markets could support a string of massive equity offerings from the upcoming IPOs of OpenAI, Anthropic and SpaceX, Solomon...

Petrol, diesel price hikes could push up inflation and transport costs, says Crisil

TazaPulseJune 2, 2026

Rising petrol and diesel prices could rekindle inflationary pressures in the economy by increasing transportation, logistics and manufacturing costs, with the impact likely to be felt across food and consumer goods categories in the coming months, according to a Crisil report released on Tuesday.Petrol and diesel prices have risen by around Rs 7.5 per litre...

Oyo parent Prism gets Sebi nod for Rs 6,650 crore IPO

TazaPulseJune 2, 2026

Mumbai: Prism, the parent company of Oyo, has secured markets regulator Sebi’s nod to go ahead with its IPO in what will be its third attempt at going public, said people aware of the matter. The company is seeking to raise up to Rs 6,650 crore through fresh issues of shares and is targeting a...

US stock markets today (June 2, 2026): Alphabet slides on $80 billion stock sale plan, Wall Street rally loses steam

TazaPulseJune 2, 2026

Wall Street’s record-breaking rally slowed on Tuesday as shares of Alphabet fell sharply after the Google parent announced plans to raise fresh capital to fund its growing investments in artificial intelligence.The S&P 500 slipped 0.1 per cent after hitting another all-time high a day earlier. The Dow Jones Industrial Average rose 65 points, or 0.1...