Finance -

Silent layoffs: Around 35,000 tech jobs may be eliminated this year; India’s IT sector sees AI shift

TazaPulseJuly 9, 2026

The latest trend reflects a new phase in the restructuring of India’s IT services industry, which is valued at over $315 billion. (AI image) Silent layoffs and job cuts are becoming the new norm in India’s technology and software services industry. As a result, as many as 35,000 jobs could be cut during the current...

prime minister narendra modi and australian prime minister anthony albanese

India-Australia-Canada form tech triangle: New pact to boost AI, critical minerals and supply chains

TazaPulseJuly 9, 2026

India, Australia and Canada are set to strengthen cooperation in technology and innovation, with the three countries signing the Australia–Canada–India Technology and Innovation (ACITI) Partnership Memorandum of Understanding (MOU), on Thursday.The agreement is set to boost collaboration in critical and emerging technologies while complementing existing bilateral initiatives between the three countries. The new tech triangle...

India flags inconsistencies in US approach to Section 301 forced labour law, points to selective exemptions

TazaPulseJuly 9, 2026

India has poked holes in US’s plans to impose another tariff series linked to alleged forced labour, arguing that its own approach is inconsistent and the issue be dealt with through bilateral trade negotiations instead of unilateral action. Speaking before a panel of the US Trade Representative (USTR) earlier on Wednesday, Brij Mohan Mishra, joint...

prime minister narendra modi with australian prime minister anthony albanese

India-Australia ties: Early trade pact, AUD 500 million investment, clean energy and more —Top highlights from PM Modi’s visit

TazaPulseJuly 9, 2026

India and Australia have stepped closer on the trade and bilateral front as Prime Minister Narendra Modi on projected India as a long-term investment destination during his visit to Australia, urging businesses to deepen economic engagement as the two countries seek to expand cooperation in trade, infrastructure, clean energy and emerging sectors.Alongside Australian Prime Minister...

Mercedes, BMW see highest-ever sales in H1, EVs drive growth

TazaPulseJuly 9, 2026

Logos of BMW and Mercedes NEW DELHI: India’s luxury car market remained resilient in first half of 2026, with Mercedes-Benz and BMW Group reporting highest-ever Jan-June sales, driven by strong demand for electric vehicles (EVs), premium SUVs and top-end luxury models.Market leader Mercedes-Benz retailed 9,768 cars in first six months of the year, up 9%...

Crude chaos: Oil nears $80 a barrel again after Trump declares US-Iran ceasefire ‘over’

TazaPulseJuly 9, 2026

After a brief spell of calm, global oil markets are once again facing chaos. Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was “over.” At the same time, fresh US military strikes...

Citing high crude, IMF, ADB trim growth forecast for India

TazaPulseJuly 9, 2026

NEW DELHI: The International Monetary Fund (IMF) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India’s growth projections for the current financial year.IMF’s latest World Economic Outlook pegged India’s growth for 2026-27 at 6.4%, as against 6.5%...

‘Banks opt to deepen card usage within existing base’

TazaPulseJuly 9, 2026

MUMBAI: Banks are increasingly issuing multiple credit cards to existing customers rather than onboarding new borrowers, a shift that has resulted in just 5.2 crore unique cardholders against 10.7 crore cards in circulation as of March 2026.According to the report ‘Beyond the Swipe’ by TransUnion Cibil, the Indian credit card market has shifted fundamentally over...

Finance

Michael Burry bets on sportsbooks DraftKings, Flutter

TazaPulseJuly 9, 2026

Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from...

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Fed minutes June 2026: officials split on rates

TazaPulseJuly 9, 2026

Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh‘s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned...