Finance -

Mercedes, BMW see highest-ever sales in H1, EVs drive growth

TazaPulseJuly 9, 2026

Logos of BMW and Mercedes NEW DELHI: India’s luxury car market remained resilient in first half of 2026, with Mercedes-Benz and BMW Group reporting highest-ever Jan-June sales, driven by strong demand for electric vehicles (EVs), premium SUVs and top-end luxury models.Market leader Mercedes-Benz retailed 9,768 cars in first six months of the year, up 9%...

Crude chaos: Oil nears $80 a barrel again after Trump declares US-Iran ceasefire ‘over’

TazaPulseJuly 9, 2026

After a brief spell of calm, global oil markets are once again facing chaos. Crude oil prices surged another 1% on Thursday after already recording a 5% jump in the previous trading session, as US President Donald Trump declared that the ceasefire agreement with Iran was “over.” At the same time, fresh US military strikes...

Citing high crude, IMF, ADB trim growth forecast for India

TazaPulseJuly 9, 2026

NEW DELHI: The International Monetary Fund (IMF) and the Asian Development Bank (ADB) on Wednesday cautioned that higher oil prices due to the West Asia conflict will hurt most economies and also lowered India’s growth projections for the current financial year.IMF’s latest World Economic Outlook pegged India’s growth for 2026-27 at 6.4%, as against 6.5%...

‘Banks opt to deepen card usage within existing base’

TazaPulseJuly 9, 2026

MUMBAI: Banks are increasingly issuing multiple credit cards to existing customers rather than onboarding new borrowers, a shift that has resulted in just 5.2 crore unique cardholders against 10.7 crore cards in circulation as of March 2026.According to the report ‘Beyond the Swipe’ by TransUnion Cibil, the Indian credit card market has shifted fundamentally over...

Finance

Michael Burry bets on sportsbooks DraftKings, Flutter

TazaPulseJuly 9, 2026

Michael Burry attends the premiere of “The Big Short” at Ziegfeld Theatre on Nov. 23, 2015 in New York. Dimitrios Kambouris | Getty Images Michael Burry of “The Big Short” fame said he bought shares of regulated sports-betting operators DraftKings and Flutter Entertainment, anticipating regulators will eventually crack down on prediction markets after competition from...

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Fed minutes June 2026: officials split on rates

TazaPulseJuly 9, 2026

Federal Reserve officials were split last month about the future of interest rates, with policymakers entertaining scenarios in either direction, according to meeting minutes released Wednesday. In Kevin Warsh‘s first meeting June 16-17 as chairman of the Federal Open Market Committee, participants saw outcomes where inflation could ease and allow lower rates, while others envisioned...

US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire ‘over’

TazaPulseJuly 8, 2026

US stocks today: Oil jumps nearly 5%, shares tumble as Trump declares Iran ceasefire ‘over Global stock markets fell and oil prices surged on Wednesday after US President Donald Trump cast doubt on the temporary truce in the Iran conflict, raising fears that renewed fighting could disrupt global energy supplies.Wall Street opened lower after Trump...

‘India-US trade deal will unleash animal spirits’: Economist Surjit Bhalla sees China benefitting if doesn’t happen

TazaPulseJuly 8, 2026

According to Surjit Bhalla, the significance of an India-US trade agreement extends well beyond the issue of trade balances. (AI image) The comprehensive India-US trade deal can reshape India’s economic growth path, economist and author Surjit Bhalla has said. According to him, the significance of an India-US trade agreement extends well beyond the issue of...

Bot calls, AI chat generated Rs 5520 crore loans in FY26: Sanjiv Bajaj

TazaPulseJuly 8, 2026

Bot calls, AI chat generated Rs 5520 cr loans in FY26: Sanjiv Bajaj MUMBAI: An avalanche of automated calls, often dismissed as an irritant, is being recast as a powerful lending engine at Bajaj Finance. In his letter to shareholders, Sanjiv Bajaj, chairman and managing director of Bajaj Finserv, has laid out how conversational data...

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Kalshi traders think Hormuz traffic won’t return to normal this year

TazaPulseJuly 8, 2026

Vessels off the coast of the Khor Fakkan Container Terminal, the only natural deep-sea port in the region and one of the major container ports in Sharjah Emirate, along the Gulf of Oman on June 28, 2026. – | Afp | Getty Images President Donald Trump said the ceasefire with Iran is “over” after the...