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The big AI shock: Have Indian IT sector stocks lost their lustre?

TazaPulseMay 23, 2026

IT stocks crash (AI image) Globally technology sector stocks are leading stock market rallies. In India, the picture is the opposite. The Nifty IT index has dropped around 23% since the start of the year, sharply underperforming the broader market decline of around 10%. In fact, ⁠IT has been the worst-performing major sector in the...

Three signs from APEC that the U.S., China remain far apart on trade

TazaPulseMay 23, 2026

China’s Commerce Minister Wang Wentao held a press conference on May 23, 2026, at the end of the APEC trade ministers’ meeting in Suzhou, China. CNBC | Evelyn Cheng SUZHOU, China — Just over a week after the U.S. and Chinese presidents met in Beijing, the world’s two largest economies are sending different messages about...

RBI steps up dollar sales to $53 billion to defend rupee in FY26

TazaPulseMay 23, 2026

MUMBAI: RBI stepped up dollar sales in FY26 to manage exchange rate volatility. The central bank recorded a total net sale of $53.1 billion over the course of the fiscal year an increase of $12 billion compared to net sales of $41.1 billion in FY25. Despite temporary periods of dollar accumulation, the central bank maintained...

‘Economy resilient, supply a worry’

TazaPulseMay 23, 2026

MUMBAI: Domestic economic activity exhibited resilience in April, with industrial and services sectors maintaining strength across several segments, even as global uncertainties and geopolitical tensions continued to cast a shadow, RBI said in its latest State of the Economy article.At the same time, the central bank struck a note of caution, stating that “India’s near-term...

Petrol, diesel prices hiked third time, sees increase by around 90 paise — check rates in your city

TazaPulseMay 23, 2026

Petrol and diesel prices were increased again on Saturday, marking the third hike in less than 10 days as global crude oil prices continue to surge amid the ongoing West Asia conflict and disruptions around the Strait of Hormuz.Petrol prices were raised by up to 87 paise per litre, while diesel prices increased by as...

Shareholders’ no to Swiggy’s board changes

TazaPulseMay 23, 2026

BENGALURU: Swiggy shareholders have voted against proposed changes to the company’s Articles of Association, preventing the planned appointments of CFO Rahul Bothra and cofounder Phani Kishan Addepalli to the board. The special resolution received 72.4% shareholder support, falling short of the 75% threshold required for approval, according to an exchange filing on Thursday.Swiggy said the...

Gold demand may hit 10-year low in FY27

TazaPulseMay 23, 2026

MUMBAI: Gold jewellery has not lost its sheen but it may be going out of reach for average Indians as high prices of the yellow metal are pushing people to spend less on new pieces and only stick to essentials. While sales volumes or the amount of gold sold are dropping, sales value, driven by...

Warsh takes the Fed’s helm as inflation climbs

TazaPulseMay 23, 2026

Will lead a central bank oriented toward reform, says new chair WASHINGTON: Kevin Warsh was sworn in as chair of the US Federal Reserve on Friday at a pivotal moment for an American economy where surging gasoline prices due to the Iran war are pushing up inflation and eroding consumer sentiment, potent ingredients for a...

ITC sees 5% Y-o-Y net profit rise at over Rs 5k cr despite West Asia conflict | Kolkata News

TazaPulseMay 23, 2026

Kolkata: ITC Ltd has reported a 5% year-on-year rise in standalone net profit from continuing operations for the fourth quarter of the last fiscal, at Rs 5,113.3 crore. The growth came despite a higher GST rate and a steep increase in excise duties, while West Asia conflict weighed on profitability.The Kolkata-headquartered company had seen a...

US stock markets today (May 22, 2026): Wall Street gains as bond market pressure eases, S&P eyes eighth straight winning week

TazaPulseMay 23, 2026

US stocks moved higher on Friday, putting Wall Street on course for an eighth consecutive weekly gain as easing pressure from the bond market lifted investor sentiment, AP reported.The S&P 500 rose 0.6 per cent and moved closer to the all-time high it touched last week. The Dow Jones Industrial Average climbed 307 points, or...

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Finance

The big AI shock: Have Indian IT sector stocks lost their lustre?

Three signs from APEC that the U.S., China remain far apart on trade

RBI steps up dollar sales to $53 billion to defend rupee in FY26

‘Economy resilient, supply a worry’

Petrol, diesel prices hiked third time, sees increase by around 90 paise — check rates in your city

Shareholders’ no to Swiggy’s board changes

Gold demand may hit 10-year low in FY27

Warsh takes the Fed’s helm as inflation climbs

ITC sees 5% Y-o-Y net profit rise at over Rs 5k cr despite West Asia conflict | Kolkata News

US stock markets today (May 22, 2026): Wall Street gains as bond market pressure eases, S&P eyes eighth straight winning week

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Never hid information on Operation Sindoor deaths: Government | India News

SpaceX to join the Nasdaq-100

Trump nominates ex-Oklahoma state trooper Lance Schroyer as ICE director

Courts can examine the correctness of answer keys, says Delhi high court | India News

‘We’re working on for first uncrewed Gaganyaan mission this year’, says Isro chief V Narayanan | India News

TMC vs TMC: Mamata loyalist lodges police complaints against rebel MLAs for using party symbol | India News

Trump nominates ex-Oklahoma state trooper Lance Schroyer as ICE director

Courts can examine the correctness of answer keys, says Delhi high court | India News

‘We’re working on for first uncrewed Gaganyaan mission this year’, says Isro chief V Narayanan | India News

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Never hid information on Operation Sindoor deaths: Government | India News

SpaceX to join the Nasdaq-100

Trump nominates ex-Oklahoma state trooper Lance Schroyer as ICE director

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