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Finance

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DA hike: Govt approves 2% dearness allowance raise for central government employees

TazaPulseApril 18, 2026

The Cabinet on Saturday approved a 2 per cent increase in Dearness Allowance (DA) for Central government employees, as per sources.The DA for the central government employees was last revised in October, when it was increased from 55 per cent to 58 per cent. The hike was made effective from July 1, 2025, and was...

Iran rejects ‘traditional toll’ but plans fees to secure Strait of Hormuz – what it means

TazaPulseApril 18, 2026

Iran is planning to tighten its grip over the Strait of Hormuz with new transit fees to regulate ship movement through the route. However, the country has ruled out charging any “traditional fees” on ships passing through it.Ebrahim Rezaei, spokesman for Iran’s National Security Committee told Al Jazeera that a law is being drafted to...

Oil companies, exporters, importers cheer Hormuz Strait opening

TazaPulseApril 18, 2026

NEW DELHI: Indian oil companies, fertiliser importers and exporters are cheering the opening of the Strait of Hormuz for global commercial vessels.There are 41 India-bound ships, both Indian and foreign-flagged, loaded with cargo, including crude, LPG, LNG and fertiliser, that are waiting to cross the narrow channel, where Iran has blocked normal movement since Feb...

Russian oil sanctions: US extends waiver for cargoes already at sea

TazaPulseApril 18, 2026

The US administration has decided to extend a narrow window for global buyers to purchase Russian oil shipments already at sea, despite earlier indications that such relief would not continue.Late Friday, the US Treasury Department published a new licence granting a roughly month-long waiver, which allows nations to buy Russian oil and petroleum products loaded...

Global markets rally as Iran opens shipping channel

TazaPulseApril 18, 2026

MUMBAI: The opening of the Strait of Hormuz, one of the most important shipping channels in the world for the flow of crude oil and natural gas, led to a global rally in stocks on Friday evening. This also overshadowed the muted trading witnessed during the early part of the day in all of Asia...

Indian refiners purchase Iranian oil, pay in yuan

TazaPulseApril 18, 2026

New Delhi: Using the one-month window provided by a temporary US sanctions waiver, Indian refiners purchased Iranian oil and settled payments in Chinese yuan, people aware of the development said on Friday. Iran insists on payment in Chinese yuan for oil to bypass US-led financial sanctions that restrict its access to the dollar-dominated global banking...

Rupee regains 92 levels, closes 27 paise higher

TazaPulseApril 18, 2026

Mumbai: The rupee regained 92 levels and closed at 92.93, 27 paise stronger then its previous close. The gains followed reports that the RBI has asked oil companies to not purchase dollars from the open market but to rely on a line of credit provided through SBI.Such a move would remove one of the major...

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Stocks making the biggest moves midday: RCL, XOM, CRML, NFLX

TazaPulseApril 17, 2026

Check out the companies making the biggest moves midday: Energy stocks – Shares fell sharply as oil prices sunk more than 12% after Iran opened the Strait of Hormuz for the duration of the ceasefire between Israel and Lebanon. APA Corporation declined by more than 9%, while Valero Energy fell more than 8.5%. Occidental Petroleum...

Foreign exchange reserves touch $700 billion mark again; kitty rises $3.83 billion

TazaPulseApril 17, 2026

India’s foreign exchange reserves rose by $3.825 billion to $700.946 billion in the week ended April 10, according to Reserve Bank of India (RBI) data.The reserves had increased by $9.063 billion to $697.121 billion in the previous week ended April 3. They touched an all-time high of $728.494 billion in the week ended February 27,...

Crude oil prices plunge over 10% as Iran reopens Strait of Hormuz, stocks rally

TazaPulseApril 17, 2026

Crude oil prices plunged more than 10% on Friday after US President Donald Trump and Iran announced that the Strait of Hormuz is fully open again for oil tankers carrying crude from the Persian Gulf to customers worldwide, easing fears of supply disruptions.The sharp drop in oil prices lifted global markets, with US stocks rallying...