Finance -

SC clears RIL of making illegal gain charge in 2007 RPL trading

TazaPulseMay 30, 2026

NEW DELHI: The Supreme Court on Friday cleared Reliance Industries (RIL) of the charge of making an illegal and undue gain of Rs 447 crore in 2007 while trading in Reliance Petroleum (RPL) shares by allegedly manipulating prices and set aside Securities Appellate Tribunal’s order allowing disgorgement of the profit.RIL had earned Rs 5,013 crore,...

RBI’s income rose 26% to ‘4.3 lakh crore over dollar gains in FY26

TazaPulseMay 30, 2026

MUMBAI: RBI’s record surplus transfer of nearly Rs 2.9 lakh crore reflects a year in which gains from dollar investments, forex market intervention and robust domestic bond income combined to lift RBI’s total income by 26% to about Rs 4.3 lakh crore in FY26, up from Rs 3.4 lakh crore a year earlier.A large share...

Fuel price hikes to be passed on, says IndiGo

TazaPulseMay 30, 2026

New Delhi: The hike in jet fuel prices will be passed on to both domestic and international consumers as increased airfares, IndiGo said Friday after flying into the red with a loss of Rs 2,537 crore in the fourth quarter of the 2026 fiscal, compared to a profit of Rs 3,067 crore in the same...

Only 1% work left on India-US trade deal: US ambassador Sergio Gor

TazaPulseMay 30, 2026

NEW DELHI: US ambassador Sergio Gor said Friday no partnership is better placed than India and the US to work together on critical and emerging technologies that are reshaping the global balance of power.Speaking days after secretary of state Marco Rubio’s visit, which was aimed at addressing the rupture in ties although Rubio maintained the...

Finance ministry urges spending discipline, resilience amid global uncertainties; banks post record Rs 1.98 lakh crore profit

TazaPulseMay 30, 2026

The finance ministry on Friday asked public sector banks (PSBs) to adopt prudent expenditure and austerity measures at all levels while maintaining resilience amid evolving global uncertainties, even as it reviewed their record financial performance in FY26, PTI reported.Financial Services Secretary M Nagaraju, while chairing a meeting to review the financial performance of PSBs, advised...

Sebi slaps Rs 28.95 crore penalty on Suzlon, promoters over misleading financial disclosure

TazaPulseMay 29, 2026

Capital markets regulator Sebi has imposed penalties totalling Rs 28.95 crore on Suzlon Energy, its chairman and managing director Vinod R Tanti, promoter Girish R Tanti and others for alleged misstatements in the company’s financial disclosures spanning several years, PTI reported.In a 96-page order issued on Friday, Sebi said Suzlon Energy Ltd’s financial statements did...

107380684 1709241555094 gettyimages 2040800689 europapress 5784984 dell technologies ceo michael dell speak

Stocks making the biggest moves midday: NXT, ASTS, DELL, NTAP

TazaPulseMay 29, 2026

Check out the companies making the biggest moves midday: Energy stocks — The group fell for a fourth straight day after President Donald Trump said he was close to making ” a final determination ” on a deal to end the U.S.-Iran war. OneOK led the S & P 500 energy sector lower, losing more...

How government aims to save billions in forex with ethanol blended petrol

TazaPulseMay 29, 2026

With a biofuel in the mix, E20 petrol aims at lowering emissions, at the same time reducing the requirement of petrol in the fuel mix. (AI image) For a country that imports over 85% of its crude needs, any savings in the oil imports bill is important. With the Middle East conflict and the US-Iran...

Bloodbath on D-Street: Investors lose Rs 5.77 lakh cr in final hours of trade today

TazaPulseMay 29, 2026

Investor wealth shrank by Rs 5.77 lakh crore on Friday as a sharp bout of selling in the final hour of trade dragged benchmark indices deep into the red amid concerns over a weaker monsoon outlook and geopolitical uncertainty.The BSE Sensex plunged 1,092.06 points, or 1.44 per cent, to settle at 74,775.74. During the session,...

108210000 1760020804626 gettyimages 2239539292 FED BANK CONFERENCE

Fed’s Bowman warns against hiking interest rates due to inflation spike

TazaPulseMay 29, 2026

Michelle Bowman, vice chair for supervision at the US Federal Reserve, during the Federal Reserve Board Community Bank Conference in Washington, DC, US, on Thursday, Oct. 9, 2025. Eric Lee | Bloomberg | Getty Images Federal Reserve Governor Michelle Bowman on Friday cautioned against raising interest rates to address the current spike in prices. With...