Finance -

Regional connectivity to get big boost as PM to launch modified UDAN scheme

TazaPulseJuly 3, 2026

NEW DELHI: Over nine years after it was launched, PM Modi will on Saturday launch a revamped Ude Desh ka Aam Nagrik (UDAN) that could provide a much-needed boost to this regional connectivity scheme (RCS) with an allocation of Rs 28,840 crore over a decade. The modified scheme aims to develop 100 existing airstrips across...

ToneTag eKosha to convert UPI soundboxes into banking touch points

TazaPulseJuly 3, 2026

ToneTag eKosha to convert UPI soundboxes into banking touch points MUMBAI: Bengaluru-based fintech ToneTag has launched a tech stack that allows shopkeepers to use their UPI soundboxes for conversational banking without requiring the tech savviness needed for mobile or internet banking. ToneTag’s speciality is enabling payments using sound-based contactless data transfer without a network, the...

India Services Sector Growth: India’s services sector growth falls to 17-month low as hiring stalls, demand weakens: Report

TazaPulseJuly 3, 2026

The slowdown was driven by the weakest increase in new orders in more than two-and-a-half years India’s services sector growth slowed to a 17-month low in June as weaker domestic demand, softer new business growth and subdued hiring weighed on overall activity, according to the latest HSBC India Services PMI survey released on Friday.The seasonally...

Sharp rebound! India’s crude inventory hits almost 1-year high; strong oil imports help replenish stocks depleted during US-Iran war

TazaPulseJuly 3, 2026

With the country consuming around 5 million barrels of crude each day, the current inventory is enough to meet approximately 21 days of demand. (AI image) India has replenished its crude oil stocks, with oil inventory levels now near a one-year high. India’s crude oil inventories have recovered sharply and are now close to their...

Gold, Silver Rate Today Live Updates: Gold jumps over 1% after weak US jobs data, silver advances on weaker dollar

TazaPulseJuly 3, 2026

The State Bank of Vietnam set the USD/VND mid-point at 25,203 on July 3. Interbank rates were quoted at 26,295/26,300, while unofficial market rates stood at 26,442/26,562. State-owned Saigon Jewelry Co. (SJC) quoted gold prices at 148.4 million/151.4 million dong per tael. The central bank allows the dong to trade within a ±5 per cent...

Fuel-hit Russia bought gasoline produced by India’s Nayara Energy via traders: Report

TazaPulseJuly 3, 2026

Russia bought gasoline produced by Nayara Energy through international traders (Representative image) Russia reportedly bought gasoline produced by Nayara Energy through international traders as it deals with fuel shortages caused by Ukrainian attacks on its energy infrastructure.The identity of the supplier comes a day after Reuters reported that Russia had started importing gasoline from India...

Bank of Baroda enters 5.7k crore settlement with creditors of NMC Health

TazaPulseJuly 3, 2026

MUMBAI: Bank of Baroda has agreed to pay $600 million (about Rs 5,700 crore) to the administrators of the collapsed West Asian healthcare group NMC Health in an out-of-court settlement that brings to a close years of cross-border insolvency and fraud-related litigation, with both sides making no admission of liability and courts in Abu Dhabi...

OMCs back in foreign exchange market? Spike in $ demand raises buzz

TazaPulseJuly 3, 2026

MUMBAI: The rupee closed at 95.4 against the dollar, down 15 paise from its previous close of 95.25 in the foreign exchange market, with renewed demand for dollars spurring speculation over the return of oil marketing companies (OMCs) to the forex market.To reduce market demand for dollars and stem rupee volatility, RBI had earlier this...

Carlsberg files IPO papers confidentially

TazaPulseJuly 3, 2026

MUMBAI: Danish brewer Carlsberg has confidentially filed draft IPO papers for its India unit with markets regulator Sebi earlier this week, the company said. “The progress and timing of the potential IPO will depend on a number of factors, including the regulatory review and approvals, as well as prevailing market conditions,” a global spokesperson said...

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Citadel’s hedge funds post broad first-half gains

TazaPulseJuly 3, 2026

CEO of Citadel Ken Griffin is interviewed Chairman of the Milken Institute Michael Milken (not pictured) during the Milken Institute Global Conference 2025 in Beverly Hills, California, U.S., May 7, 2025. Mike Blake | Reuters Ken Griffin’s Citadel posted positive returns across its various hedge fund strategies in the first half of 2026, led by...