Finance -

Liberty Mutual hikes stake in Indian arm

TazaPulseMay 19, 2026

AI representational image Boston headquartered Liberty Mutual Insurance has increased its stake in its Indian venture Liberty General Insurance to 74% as of May 18, after raising its shareholding from 49% to 55.4% in Sept 2025. The Indian insurance firm had started as a joint venture between Liberty and the Videocon Group.Videocon exited the joint...

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How much does petrol and diesel cost today? Check rates in your city

TazaPulseMay 19, 2026

Petrol and diesel prices across the country registered another increase on Tuesday, rising by around 90 paise per litre. This marks the second hike in fuel rates in less than a week.Diesel prices have gone up by 91 paise per litre, while petrol has become costlier by 87 paise per litre. The latest revision follows...

India’s current account deficit may widen to 2.3% in FY27 as oil prices rise: HSBC

TazaPulseMay 19, 2026

India’s current account deficit (CAD) is likely to widen sharply to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26 amid elevated oil prices and external sector pressures, according to a report by foreign brokerage HSBC, PTI reported.The report also projected the balance of payments (BoP) deficit to widen to $65...

Six reasons why India will continue to buy Russian crude oil despite Trump sanctions

TazaPulseMay 19, 2026

With waiver lapsing, flows are likely to remain broadly stable, although they could ease modestly from March levels. (AI image) The Donald Trump administration may have allowed the sanctions waiver on Russian crude to expire on May 16, but India has made it clear that it will continue to procure oil from Moscow. The sanctions...

Wall Street turns mixed as Treasury yields ease and oil prices retreat

TazaPulseMay 19, 2026

US stock indexes traded mixed on Monday as easing Treasury yields and lower oil prices helped calm some investor concerns after last week’s bond-market selloff, according to a Reuters report.The Dow Jones Industrial Average gained 139.25 points, or 0.28 per cent, to 49,665.42 in early trading. The S&P 500 edged up 3.27 points, or 0.04...

Big win for Gautam Adani as US Justice Department drops charges, closes securities and wire fraud case permanently

TazaPulseMay 19, 2026

In a significant relief for Gautam Adani, the US Justice Department has withdrawn criminal charges and closed the securities and wire fraud against the billionaire businessman, according to a court filing cited by PTI.“The Department of Justice has reviewed this case and has decided, in its prosecutorial discretion, not to devote further resources to these...

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Will Jensen Huang talk ‘Trump’ and China chips after Xi summit?

TazaPulseMay 18, 2026

A netizen is using a computer and smartphone to view the NVIDIA logo and webpage in Suqian City, Jiangsu Province, China on April 29, 2026. Cfoto | Future Publishing | Getty Images All eyes are on Nvidia, the world’s most valuable company and artificial intelligence trade darling, as it is set to report fiscal first-quarter...

Warren Buffett teased to CNBC a ‘tiny purchase’ in March. Berkshire filing may have revealed it

TazaPulseMay 18, 2026

Warren Buffett speaks with CNBC during the Berkshire Hathaway Annual Shareholders Meeting in Omaha, NE on May 2, 2026. David A. Grogan | CNBC Billionaire investor Warren Buffett hinted in March that Berkshire Hathaway had made a small addition to its portfolio. A new regulatory filing may have just revealed what he was referring to....

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Stocks making the biggest moves midday: REGN, D, MBLY, VIK

TazaPulseMay 18, 2026

Check out the companies making the biggest moves in midday trading: Dominion Energy — Shares popped more than 9% after NextEra Energy announced a deal to acquire the company in an all-stock transaction. NextEra said the combination of the two companies will create the world’s largest regulated electric utility business. NextEra shares were down about...

RBI sees no signs of excess credit risk, keeps countercyclical capital buffer inactive

TazaPulseMay 18, 2026

The Reserve Bank of India (RBI) on Monday decided against activating the countercyclical capital buffer (CCyB), indicating that current financial and credit conditions do not warrant an additional capital requirement for banks, PTI reported.The central bank said the decision followed a review and empirical assessment of indicators used under the CCyB framework.“Based on review and...