Finance -

buoyant revenues give room to sustain govt capex push fiscal consolidation icici bank report

Redefine affordable housing parameters, banks tell govt; ‘rising ticket sizes, interest costs need to be considered’

TazaPulseMay 9, 2026

MUMBAI: Banks have asked govt to review the definition of affordable housing by revising property value and size thresholds to reflect inflation and changing requirements, as rising ticket sizes and interest costs render existing limits less relevant.“We are the market leaders in housing finance and our home loan portfolio has grown by 13.7%. Our average...

China’a trade figures: Exports jump 14.1% in April, ahead of Trump-Xi visit

TazaPulseMay 9, 2026

China’s trade stepped up pace in April, with exports surging well beyond expectations even as the Iran war and elevated US tariffs continued to cast uncertainty over global markets.Official data released on Saturday showed Chinese exports climbed 14.1% compared with a year earlier, a substantial jump from March’s 2.5% rise and a performance that outpaced...

What will it take to free 1,600 stranded ships from Hormuz deep waters?

TazaPulseMay 9, 2026

For thousands of sailors stranded on nearly 1,600 ships in the Strait of Hormuz, “Project Freedom” turned out to be more of a pit stop than passage. US President Donald Trump’s much-talked-about plan to help commercial vessels cross one of the world’s most dangerous waterways lasted just 48 hours, with only two ships making it...

India emerging as a hub for app innovation: Apple

TazaPulseMay 9, 2026

NEW DELHI: Blind users struggle with navigating unfamiliar indoor spaces, reading signs or understanding visual cues. And, most people take this for granted. This problem is what pushed 20-year-old Nimar Sharma, a student at Chitkara University on the outskirts of Chandigarh, to build Blind Bridge, an accessibility-focused app that aims to make everyday navigation easier...

Air India Layoffs: Middle East crisis: Air India says no layoffs planned, asks staff to cut discretionary spending

TazaPulseMay 9, 2026

Air India has told employees that it does not anticipate layoffs despite mounting financial pressures linked to the Middle East conflict, while also directing teams to sharply reduce costs and suspend discretionary spending.During a townhall meeting on Friday, Air India chief human resources officer Ravindra Kumar GP assured staff that job cuts were not expected...

25% ethanol blending in petrol likely in calibrated manner

TazaPulseMay 9, 2026

NEW DELHI: The West Asia conflict is pushing govt to look at a faster transition towards renewable energy, including the possibility of increasing ethanol blending in petrol from 20-25%, although in a calibrated manner. This will come along with increased refining capacity within the country, so that there is a buffer in the system and...

Hero Fincorp Ipo: IPO-bound Hero FinCorp banks on AI strategies for value creation

TazaPulseMay 9, 2026

File photo: Abhimanyu Munjal, MD & CEO, Hero FinCorp MUMBAI: IPO-bound Hero FinCorp, one of the leading NBFCs in India, is betting on ‘AI strategies’ for growth in the coming years. In addition to the usage of artificial intelligence (AI) in its operations, its two other focus areas are Aspiring India, and Asset inclusion as...

Finance

Michael Burry says the market today feels like ‘the last months of the 1999-2000 bubble’

TazaPulseMay 9, 2026

Michael Burry attends “The Big Short” New York screening Ziegfeld Theater on Nov. 23, 2015 in New York City. Astrid Stawiarz | Getty Images Michael Burry of “Big Short” fame is warning that the stock market’s fixation on artificial intelligence is beginning to resemble the final stages of the dot-com bubble. “Absolutely non-stop AI. Nobody...

Finance

How much further can this Teflon market go? Here’s what traders say

TazaPulseMay 9, 2026

Traders work on the floor of the New York Stock Exchange during morning trading on May 4, 2026 in New York City. Michael M. Santiago | Getty Images The S&P 500 brushed off Thursday headlines about the U.S. and Iran trading blows in the Strait of Hormuz and continued marching higher in Friday trading, crossing...

Urban Company’s InstaHelp losses widen as it steps up battle with Pronto, Snabbit

TazaPulseMay 8, 2026

BENGALURU: Urban Company’s push into instant domestic services dragged the company deeper into losses in the March quarter, as the home services platform ramped up spending to compete with fast-growing rivals such as Pronto and Snabbit in the emerging category.The Gurugram-based company reported a consolidated loss of Rs 161 crore for the March quarter, compared...