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Finance

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AI regulation consultation paper next month, says IT minister Vaishnaw; focus on safety, deepfakes

TazaPulseOctober 8, 2026

Vaishnaw said the government had reached a stage where India needed a regulatory framework for AI, but stressed that legislation alone would not be enough. Union minister Ashwini Vaishnaw on Friday said that government is working on bringing AI regulations starting with releasing a Consultation paper next month.The paper will focus on AI safety, harms...

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China’s real estate market may be set for a turnaround, S&P says

TazaPulseOctober 8, 2026

A real estate project under construction in Hangzhou, Zhejiang Province, China, on September 15, 2026. Nurphoto | Nurphoto | Getty Images BEIJING — An end is in sight for China’s yearslong property market slump, S&P Global Ratings analysts said in a report distributed Thursday. Residential real estate prices may hit a bottom in the third...

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Huawei doubles down on smartphones as EV sales slow

TazaPulseOctober 8, 2026

Huawei Mate 90 series smartphones on display in Hai’an City, Jiangsu Province, China on October 4, 2026. Cfoto | Future Publishing | Getty Images BEIJING — Faced with a slowdown in the smartphone and car markets, Huawei’s consumer business is choosing to focus on phones with homegrown chips. The Chinese tech giant worked overtime to...

Gold, silver price prediction: Will MCX Gold trade with negative bias; check outlook on October 8, 2026

TazaPulseOctober 8, 2026

MCX Gold is likely to remain range-bound with a negative bias in the near term, as the overall price structure continues to indicate weakness Gold and silver price prediction today: Gold and silver prices are expected to trade with a negative bias in the coming days, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama...

Premium spirits sales soar past cheaper liquor: Report

TazaPulseOctober 8, 2026

BENGALURU: Premium spirits are growing several times faster than cheaper liquor in India, with higher-priced products gaining a larger share of sales, according to a report by industry body International Spirits and Wines Association of India (ISWAI).Sales volumes in the premium segment grew at a compound annual rate of 10.2% between 2022 and 2025. That...

Consolidated account statements to reflect deposits in banks

TazaPulseOctober 8, 2026

MUMBAI: Individuals may soon find it easier to see their financial assets in one place. RBI on Wednesday announced two measures: making account aggregators interoperable and allowing bank-deposit information to be added to the monthly consolidated account statement (CAS), which currently captures holdings such as shares, mutual funds and pensions. The move will make it...

us mortgage rate climbs to three year high

US mortgage rates jump to 7.49%, hit highest level in nearly 3 years

TazaPulseOctober 8, 2026

US mortgage rate climbs to three year high US mortgage rates have soared to their highest level in nearly three years, with the sharp rise in borrowing costs adding to pressure on the housing market as Americans head towards November 3 elections.The average rate for a 30-year fixed-rate mortgage rose 19 basis points to 7.49%...

Stock Market Today Live Updates: GIFT Nifty signals mildly negative start for BSE Sensex, NSE Nifty50

TazaPulseOctober 8, 2026

BSE Sensex and NSE Nifty50 ended Wednesday on a lower note, after two straight sessions of gains, with the RBI’s 25-basis-point repo rate increase and its shift to a “calibrated tightening” stance weighing on sentiment. The 30-share BSE Sensex fell 429.11 points, or 0.59%, to 72,638.70, with 26 constituents closing lower and four higher. The...

Oil remains beyond $100 per barrel as Middle East supply concerns persist

TazaPulseOctober 8, 2026

Crude oil prices continue to rally Oil prices inched higher on Thursday as concerns over supply from the Middle East intensified amid a rise in attacks on vessels in the Gulf and the Strait of Hormuz.Brent crude was trading at $101.50 a barrel, up $1.32 or 1.32%, while WTI crude stood at $89.28, gaining $1...

Rbi Governor Sanjay Malhotra: Rupee may be undervalued, markets can be irrational: RBI governor Sanjay Malhotra | India News

TazaPulseOctober 8, 2026

File photo: Reserve Bank of India (RBI) Governor Sanjay Malhotra MUMBAI: Reserve Bank of India governor Sanjay Malhotra said the rupee was undervalued and the central bank would intervene to ensure orderly movement in the currency market even as it closed at 96.78 on Wednesday, down 36 paise from its previous close, after falling to...