Finance -

rbi rejects religare demerger co to engage with bank offer clarifications

Religare’s demerger nixed by RBI

TazaPulseAugust 8, 2026

In a filing dated Aug 7, Religare said RBI, in a communication dated Aug 6, informed the company that its application seeking no-objection or prior approval for the scheme “has been examined and that the request has not been acceded to” MUMBAI: Religare Enterprises’ proposed demerger of its financial services business into Religare Finvest has...

hindalco profit jumps to record 7000 cr as aluminium prices soar

Hindalco Q1 net jumps 75% to over 7,000 crore

TazaPulseAugust 8, 2026

The company had reported a net profit of Rs 4,004 crore in the first quarter of the preceding 2025-26 fiscal, the Aditya Birla Group entity said. NEW DELHI: Hindalco Industries on Friday said its net profit rose over 75% year-on-year to Rs 7,013 crore in Q1FY27, backed by strong performance across all business segments. The...

Hero MotoCorp Q1 PAT down 17% at 1.4k cr

TazaPulseAugust 8, 2026

The company had posted a consolidated net profit of Rs 1,706 crore in the corresponding period of previous fiscal. NEW DELHI: Leading two-wheeler maker Hero MotoCorp has reported a 17% decline in consolidated profit after tax to Rs 1,418 crore in the first quarter ended June 30 due to high base effect. The company had...

‘UPI infra mostly shared, costs can’t be singled out’

TazaPulseAugust 8, 2026

According to NPCI data, State Bank of India recorded 631.6 crore UPI transactions in June 2026. Of these, only 2.3 crore transactions were carried out through its own apps MUMBAI: State Bank of India chairman CS Setty on Friday said it is not possible to quantify the increase in operating costs due to UPI causing...

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Onion, oil or chicken: What made your thali costlier in July

TazaPulseAugust 7, 2026

Why your home-cooked veg and non-veg meals cost more in July Your home-cooked thali may have been a little less pocket-friendly in July.The price of a home-cooked vegetarian thali rose 4 per cent from a year ago, while a non-vegetarian thali became 9 per cent costlier, according to a report released on Friday. Higher prices...

More hirings than firings: Nomura report tests ‘ground zero’; says AI creating more jobs in India than cuts

TazaPulseAugust 7, 2026

India added 83,100 AI-related jobs during the period, compared with 31,921 positions lost through layoffs and attrition. Is artificial intelligence taking away jobs or is it leading to hirings? A new report by Nomura suggests that in India, AI is creating more jobs than cuts. India, long regarded as the global back office for multinational...

US stock market today: Wall Street rallies as 23,000 job cuts boost hopes of softer Fed policy

TazaPulseAugust 7, 2026

The weaker-than-expected employment report strengthened expectations that the Federal Reserve could have more room before increasing interest rates to curb inflation. US stock market today: Wall Street stocks traded higher on Friday morning, while Treasury yields declined after government data showed US employers unexpectedly eliminated 23,000 jobs last month.The S&P 500 advanced 0.4%, remaining close...

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Odds the Fed hikes in September tumble following big July jobs miss

TazaPulseAugust 7, 2026

An eagle is seen framed though construction fence on the Marriner S. Eccles Federal Reserve Board Building, the main offices of the Board of Governors of the Federal Reserve System on September 16, 2025 in Washington, DC, U.S. Kevin Dietsch | Getty Images News | Getty Images The U.S. economy surprisingly shed jobs in July,...

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Atlassian Corporation, Wendy’s, Vista Corp, First Solar, Airbnb & more

TazaPulseAugust 7, 2026

Check out the companies making the biggest moves premarket: Atlassian — Shares were up more than 29% in premarket trading after the company beat FactSet consensus on revenue and guidance for its fourth-quarter earnings. The company expects revenue growth at 13% year over year, short of FactSet’s expectation of 13.4%. Wendy’s — Shares dropped 2%...

Why stock market’s close is now an auction – explained

TazaPulseAugust 7, 2026

The old average had a basic flaw. An index fund promises to match the index, and the index is built on closing prices. From August 3, 2026, the closing price of every stock in the F&O segment comes from an auction instead of a 30-minute average. Long-term investors need to do nothing. Traders, index funds...