Finance -

Oil price today: Brent rises 1% as Middle East conflict continues Hormuz shipping disruption

TazaPulseAugust 7, 2026

Crude prices continue to rise, as traders remain cautious due to Hormuz disruption. Oil prices inched higher on Friday as traders turned cautious due to uncertainty over shipping through the Strait of Hormuz alongside US President Donald Trump’s recent remarks that the war could end “pretty soon.“Around 7:25 am IST, Brent crude was trading 84...

RBI: Defaulters’ devices can be locked gradually

TazaPulseAugust 7, 2026

RBI retained safeguards to protect borrowers even as it allowed operational flexibility MUMBAI: RBI has eased its proposed norms on device disablement for EMI-financed gadgets and relaxed disclosure requirements for recovery agents after industry feedback, while retaining safeguards for borrowers.In its revised directions on conduct of regulated entities and engagement of recovery agents, RBI has...

Next budget may see lowering of customs duties: FM

TazaPulseAugust 7, 2026

In the last few budgets, customs duty simplification has been a focus area, with fewer slabs and correction of the inverted duty structure, where tariff on a product is lower than an input in the value chain. NEW DELHI: Finance minister Nirmala Sitharaman said on Thursday that she will focus on lowering customs tariffs in...

fpis trading cos tap sebi centre for tax breather

Options volumes down over 50% on stricter rules: Sebi

TazaPulseAugust 7, 2026

The report said FPIs were net sellers of equities worth Rs 1.8 lakh crore, while they were net buyers of debt at Rs 25,807 crore. MUMBAI: Regulatory interventions by Sebi in the futures & options (F&O) segment during fiscal 2026, aimed mainly at reining in excessive speculative activities by retail investors, led to a dip...

India may see productivity gains from AI, says Nilekani

TazaPulseAugust 7, 2026

पीएम मोदी ने टेक्नोलॉजी विशेषज्ञ नंदन नीलेकणी की अध्यक्षता में एक टास्क फोर्स का गठन करने का फैसला लिया गया है। NEW DELHI: Infosys co-founder and chairman Nandan Nilekani on Thursday said that India may emerge as a principal beneficiary of productivity gains and inclusion from AI in the next decade, despite low visibility in...

ENIL EBITDA rises 42% in Q1, digital business grows

TazaPulseAugust 7, 2026

The company’s non-digital business reported a 7.4% increase in EBITDA and an 85% rise in profit after tax during the quarter NEW DELHI: Entertainment Network (India) (ENIL), which operates Radio Mirchi and audio streaming platform Gaana, reported consolidated revenue of Rs 113 crore during June quarter. Domestic revenue was estimated at Rs 111 crore, while...

Bankers unaware, government timed LIC stake sale to max receipts

TazaPulseAugust 7, 2026

The transaction was timed in a way that it took advantage of the current market situation NEW DELHI: A government department that has an operations room named Kurukshetra is clearly in battle mode. But, the merchant bankers for the LIC stake sale seemed to have missed the signal.While the offer-for-sale had been discussed for more...

108346260 1786046336064 gettyimages 2228106290 US COPPER

Copper jumps to its highest level ever. What the metal is telling us

TazaPulseAugust 7, 2026

An open-pit copper mine at Asarco’s Mission Mine Complex in Sahuarita, Arizona, US, on Friday, March 6, 2026. Rebecca Noble | Bloomberg | Getty Images Copper surged to a record high Thursday, but the latest rally comes against a more mixed growth backdrop, making the once-reliable gauge of economic health, “Dr. Copper,” harder to read....

108273437 1772632166261 gettyimages 2264737681 2s4a3863 tmqnchmk

Stocks making the biggest moves after hours: SG, ABNB, DKNG, TTD

TazaPulseAugust 7, 2026

Check out the companies making headlines after hours. Airbnb — Shares of the vacation rental company surged about 7% after Airbnb posted second quarter earnings of $1.37 per share on revenues of $3.61 billion. That outpaced the earnings of $1.25 on revenues of $3.58 billion forecasted by analysts, according to LSEG. Lyft — The ride-hailing...

Finance

United Wholesale Mortgage plunges 40%; suspends dividend, raises capital

TazaPulseAugust 7, 2026

United Wholesale Mortgage at the NYSE, January 22, 2021 Source: The New York Stock Exchange Shares in UWM Holdings, parent of United Wholesale Mortgage, plunged 40% Thursday after the biggest U.S. mortgage lender suspended its dividend and raised fresh capital. UWM announced a $2.05 billion equity investment from Oaktree Capital Management and SFS Group Capital...