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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...

Gold, Silver Rate Today Highlights: Yellow metal hits seven-week high as oil prices lift demand

TazaPulseAugust 6, 2026

Gold prices extended their gains for a fourth consecutive session on Thursday, touching a seven-week high as weaker oil prices, a softer US dollar and lower US Treasury yields lifted demand for the safe-haven metal amid growing optimism over the reopening of the Strait of Hormuz. The rally followed modest gains on Wednesday, when a...

Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees – top facts

TazaPulseAugust 6, 2026

Government is likely to permit banks and payment service providers to levy a merchant discount rate of between 0.25% and 0.4% on UPI transactions exceeding Rs 2,000. In a step closer to possibly introducing Merchant Discount Rate (MDR) on UPI transactions, the Lok Sabha on Thursday approved a Bill amending the Payment and Settlement Systems...

Finance

Traders on Kalshi say it’s likely S&P 500 will hit 8,000 in 2026

TazaPulseAugust 6, 2026

Traders work on the floor of the New York Stock Exchange during morning trading on August 05, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 ended its more than 5.5% four-day rally on Wednesday, but the broad index’s surge to new records is recalibrating prediction market traders’ outlook for...

US stock market today: Wall Street mixed as earnings reports drive key indices

TazaPulseAugust 6, 2026

After beginning the week with strong gains that pushed major indexes to record levels, the market has settled over the past two sessions. US stock market today: Wall Street stocks moved mixed during Thursday morning trading as investors reacted to the latest round of corporate earnings from companies across a broad range of industries.The S&P...

Crèche benefits under India’s Labour Codes: What employers and working parents need to know

TazaPulseAugust 6, 2026

The crèche allowance is generally admissible for up to two children. For many working parents, one of the biggest challenges after the birth of a child is balancing childcare responsibilities with professional commitments. While employer-provided childcare facilities have existed under labour laws for many years, the newly notified Labour Codes have brought renewed focus to...

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Stocks making the biggest moves premarket: Z, PTON, SNDK, MRNA

TazaPulseAugust 6, 2026

Check out the companies making the biggest moves in premarket trading: Peloton Interactive — The connected fitness company sank nearly 14% after its fourth quarter results. Its earnings of 13 cents per share was in line with estimates, while its revenue topped expectations. Peloton also reported its active paying subscribers fell 8.8% year over year....

India eyes LNG import alternatives: Cabinet approves Rs 23,731 cr GOBARdhan scheme for compressed bio-gas

TazaPulseAugust 6, 2026

The government sees compressed bio-gas as a domestic solution to LNG. In a bid towards energy security, the Union Cabinet on Thursday approved a Rs 23,731 crore GOBARdhan scheme for bio gas. GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas.The move assumes significance in...

Taxation bill to promote electronic manufacturing clears LS; allows provision for MDR on UPI transactions

TazaPulseAugust 6, 2026

The Taxation and Other Laws (Amendment) Bill is aimed at drawing more foreign capital into India. The Lok Sabha on Thursday cleared the Taxation and Other Laws (Amendment) Bill without discussion as continued sloganeering by Opposition members over several issues disrupted proceedings. Following the passage of the legislation, which also amends the Payment and Settlement...

private life insurers outpace lic as industry new business premium rises 166 in q1

Government mops up 31.5k cr from LIC share sale

TazaPulseAugust 6, 2026

Dipam secretary said that after offloading 6.5% in LIC, public shareholding in the life insurance major is now at 10% level, MUMBAI: The government has mobilised Rs 31,552 crore by divesting a 6.5% stake in life insurance major LIC through the offer for sale (OFS) that closed on Wednesday. Compared to 82.2 crore shares that...