Finance -

India shows ‘cautious resilience’ despite Middle East conflict: DEA

TazaPulseMay 30, 2026

India’s economic story is expected to remain on a path of “cautious resilience” in the near term, even as global uncertainties continue to grow, the department of economic affairs (DEA) said in its Monthly Economic Review for May.However, it cautioned that the ongoing conflict in the Middle East, rising crude oil prices and the possibility...

Tesla slashes Model Y price by up to Rs 9 lakh in India to spur demand

TazaPulseMay 30, 2026

Looking to buy a Tesla? your ride just got Rs 9 lakh cheaper!Tesla has slashed the price of its Model Y in India by up to Rs 9 lakh as it looks to boost demand in a market where high prices have limited the appeal of its imported electric vehicles. The EV maker has introduced...

Weak monsoon may hit consumption story

TazaPulseMay 30, 2026

MUMBAI/NEW DELHI/CHENNAI: India’s consumption looks headed for a near-term slowdown with predictions of an El Nino-weakened monsoon likely to bring the lowest rainfall in 11 years.Deficient rains may weigh on rural demand, impacting volume growth and crimping sales of a host of products ranging from soaps, shampoos, packaged food to two-wheelers and durables. For companies...

SC clears RIL of making illegal gain charge in 2007 RPL trading

TazaPulseMay 30, 2026

NEW DELHI: The Supreme Court on Friday cleared Reliance Industries (RIL) of the charge of making an illegal and undue gain of Rs 447 crore in 2007 while trading in Reliance Petroleum (RPL) shares by allegedly manipulating prices and set aside Securities Appellate Tribunal’s order allowing disgorgement of the profit.RIL had earned Rs 5,013 crore,...

RBI’s income rose 26% to ‘4.3 lakh crore over dollar gains in FY26

TazaPulseMay 30, 2026

MUMBAI: RBI’s record surplus transfer of nearly Rs 2.9 lakh crore reflects a year in which gains from dollar investments, forex market intervention and robust domestic bond income combined to lift RBI’s total income by 26% to about Rs 4.3 lakh crore in FY26, up from Rs 3.4 lakh crore a year earlier.A large share...

Fuel price hikes to be passed on, says IndiGo

TazaPulseMay 30, 2026

New Delhi: The hike in jet fuel prices will be passed on to both domestic and international consumers as increased airfares, IndiGo said Friday after flying into the red with a loss of Rs 2,537 crore in the fourth quarter of the 2026 fiscal, compared to a profit of Rs 3,067 crore in the same...

Only 1% work left on India-US trade deal: US ambassador Sergio Gor

TazaPulseMay 30, 2026

NEW DELHI: US ambassador Sergio Gor said Friday no partnership is better placed than India and the US to work together on critical and emerging technologies that are reshaping the global balance of power.Speaking days after secretary of state Marco Rubio’s visit, which was aimed at addressing the rupture in ties although Rubio maintained the...

Finance ministry urges spending discipline, resilience amid global uncertainties; banks post record Rs 1.98 lakh crore profit

TazaPulseMay 30, 2026

The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties, even as it reviewed their record financial performance in FY26, PTI reported.Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised...

Sebi slaps Rs 28.95 crore penalty on Suzlon, promoters over misleading financial disclosure

TazaPulseMay 29, 2026

Capital markets regulator Sebi has imposed penalties totalling Rs 28.95 crore on Suzlon Energy, its chairman and managing director Vinod R Tanti, promoter Girish R Tanti and others for alleged misstatements in the company’s financial disclosures spanning several years, PTI reported.In a 96-page order issued on Friday, Sebi said Suzlon Energy Ltd’s financial statements did...

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Stocks making the biggest moves midday: NXT, ASTS, DELL, NTAP

TazaPulseMay 29, 2026

Check out the companies making the biggest moves midday: Energy stocks — The group fell for a fourth straight day after President Donald Trump said he was close to making ” a final determination ” on a deal to end the U.S.-Iran war. OneOK led the S & P 500 energy sector lower, losing more...