Finance -

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Traders share Pope Leo’s worries on AI’s job market impact

TazaPulseMay 26, 2026

Pope Leo XIV holds his weekly general audience at St. Peter’s Square in Vatican City, Vatican, on June 11, 2025. Massimo Valicchia | Nurphoto | Getty Images Pope Leo warned over the weekend about a “social calamity” that could come from mass unemployment due to the adoption of artificial intelligence technologies. Prediction market traders appear...

Rupee slides 44 paise against dollar as rising oil prices and Middle East tensions weigh

TazaPulseMay 26, 2026

The rupee weakened by 44 paise to close at 95.70 against the US dollar on Tuesday, pressured by renewed geopolitical tensions in West Asia, rising crude oil prices and a stronger American currency, PTI reported.Forex traders said weak domestic equities also added pressure on the local currency.At the interbank foreign exchange market, the rupee opened...

Insurers told to link top management’s pay with claim response, grievance handling: Irdai

TazaPulseMay 26, 2026

Insurance regulator Irdai has directed insurers to link the remuneration of managing directors (MDs), chief executive officers (CEOs) and other senior executives to customer-centric outcomes, including claim responsiveness, grievance redressal and the overall financial health of the company, PTI reported.The Insurance Regulatory and Development Authority of India (Irdai) issued amendments under the IRDAI (Corporate Governance...

US stock markets today (May 26, 2026): Wall Street rises as Iran deal hopes lift sentiment, tech stocks lead gains

TazaPulseMay 26, 2026

Wall Street moved higher on Tuesday as investors reacted to signs of progress in negotiations over the Iran conflict, while technology stocks extended gains and easing bond yields provided additional support, AP reported.The S&P 500 rose 0.5 per cent after trading resumed following Monday’s holiday. The Dow Jones Industrial Average gained 53 points, or 0.1...

India in Flux: You earn well, so why does life still feel expensive? The new middle-class dilemma

TazaPulseMay 26, 2026

AI image used for representative purposes A Rs 25 lakh annual package once symbolised stability, success and the promise of a comfortable life. Today, for many young professionals in India’s cities, it often feels like survival with better branding. The country’s new middle class is earning more than previous generations could have imagined, boosted by...

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Stocks making the biggest moves premarket: RACE, LEA, LUNR, MU

TazaPulseMay 26, 2026

Check out some of the companies making headlines before the stock market’s opening bell: Autozone — The automotive parts distributor dropped more than 5% after AutoZone CEO Phil Daniele said international sales were challenged in its most recent quarter, even as domestic sales continued to do well. The company posted third-quarter revenue of $4.84 billion,...

Union Bank plans Rs 8,000 crore fund raise, board clears Rs 3,000 crore equity issue

TazaPulseMay 26, 2026

State-run Union Bank of India on Tuesday approved plans to raise up to Rs 8,000 crore through a mix of debt and equity instruments, PTI reported.In a regulatory filing to the BSE, the bank said its board had approved raising debt capital of up to Rs 5,000 crore through Basel III-compliant Additional Tier-1 bonds and/or...

Trump’s big move hits Indians: Over 7 lakh green card seekers face uncertainty; top challenges explained

TazaPulseMay 26, 2026

Data from USCIS shows that nearly 540,000 family-sponsored green card applications and about 170,000 employment-based applications are currently pending. (AI image) Green card hopefuls in the US have been handed over a fresh challenge by the Donald Trump administration: most immigrants seeking green cards have to leave the United States and complete the application process...

Textile companies look to tap into prospects offered by FTAs | Chennai News

TazaPulseMay 26, 2026

CHENNAI: Free trade agreements offer the Indian textile industry a significant opportunity to expand its share in the EU, UK, and other markets, as they boost competitiveness. Large players, including Gokaldas Exports, KPR Mill, Arvind, Welspun Living, Vardhman Textiles, and Pearl Global Industries, have signaled export growth in these markets. Some, such as Trident and...

Explained: Why Taiwan has overtaken India to become world’s fifth largest stock market

TazaPulseMay 26, 2026

Global investors have sold nearly $24 billion worth of Indian equities so far this year as capital shifted towards the artificial intelligence-driven rally in Taiwan. (AI image) After months of AI-led rallies, Taiwan has finally overtaken India in terms of total stock market valuation, driven largely by the sharp rally in shares of Taiwan Semiconductor...