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Finance

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US crude bound for Israel for first time since 2023

TazaPulseAugust 1, 2026

Malta-flagged Aframax tanker Captain John loaded crude at Enbridge’s Ingleside terminal near Corpus Christi, Texas and is bound for Israel’s southern port of Ashkelon A cargo of US West Texas Intermediate (WTI) crude oil is headed to Israel for the first time in nearly three years, according to ship-tracking data.The Malta-flagged Aframax tanker Captain John...

GST collections jump 15.4% to over Rs 2.11 lakh crore in July

TazaPulseAugust 1, 2026

GST collections rise to over Rs 2.11 lakh crore, driven by imports and domestic demand NEW DELHI: India’s gross Goods and Services Tax (GST) collections rose 15.4 per cent year-on-year to over Rs 2.11 lakh crore in July, driven by higher revenues from both domestic transactions and imports, according to government data released on Friday.Gross...

Gold loans jump 94% y-o-y, fuel bank credit growth in Q1

TazaPulseAugust 1, 2026

MUMBAI: Gold loans drove a sharp acceleration in personal lending and overall bank credit, with the segment expanding 93.8% year on year at the end of June 2026, as banks added Rs 74,171 crore in Q1FY27 to take the gold loan book to Rs 5.4 lakh crore.The expansion in gold loans accounted for 13.1% of...

Zepto to delay IPO by 2-3 quarters, CEO tells staff

TazaPulseAugust 1, 2026

MUMBAI: Zepto will defer its public listing by two to three quarters, co-founder & CEO Aadit Palicha told employees in a town hall on Friday, people familiar with the matter said. The quick commerce startup which was initially eyeing a listing around July has stalled the process after getting a tepid response from investors over...

FIFA abandons $4.2-billion World Cup stake sale plan after global backlash

TazaPulseAugust 1, 2026

President Donald Trump holds up a red card during a meeting with FIFA president Gianni Infantino FIFA has abandoned its controversial plan to sell a minority stake in its commercial operations, including the FIFA World Cup, following strong opposition from football federations and internal criticism.FIFA President Gianni Infantino announced on Friday that the proposal would...

‘Buy $5-10 billion yen’: Bessent’s ‘to-do’ note hints at US plan to back Japanese currency

TazaPulseAugust 1, 2026

The latest addition to the United State’s to-do list is Japanese currency, yen.Signs that Washington was preparing to back Japan’s currency came to light on Friday after a photograph from US President Donald Trump’s cabinet meeting at Camp David showed US treasury secretary Scott Bessent weighing purchases of between $5 billion and $10 billion worth...

Commercial LPG prices cut by over Rs 200: Check 19-kg cylinder rates in Delhi, Kolkata

TazaPulseAugust 1, 2026

Prices of commercial LPG cylinder will now be Rs 2,728 while it will cost will be at Rs 2,872.50 in Kolkata NEW DELHI: The prices of commercial Liquefied Petroleum Gas (LPG) cylinders have been reduced effective August 1, with cuts announced in Delhi and Kolkata.The price of a 19 kg commercial LPG cylinder has been...

Bloomberg delays India’s bond index inclusion

TazaPulseAugust 1, 2026

MUMBAI: Bloomberg Index Services has delayed the inclusion of India’s sovereign bonds in its global bond indices, saying recent market reforms need more time to be tested in practice before a decision can be taken.The index provider said that while India has made meaningful progress in improving access for foreign investors, the changes are still...

GST rate cuts slow down Q1 tax collection growth

TazaPulseAugust 1, 2026

NEW DELHI: Centre’s fiscal deficit hovered around 18% of the full year’s estimate at the end of the first quarter, despite elevated capex and a slower growth in tax revenue due to the impact of GST rationalisation.During April-June, the Centre’s tax revenue was 3.7% higher at just over Rs 9 lakh crore, compared with a...

Top investment ideas as interest rate uncertainty grips market

TazaPulseAugust 1, 2026

Bond market investors may want to shift their focus toward the front of the yield curve, according to Allspring Global Investments’ Noah Wise. The bottom line: Focus exposure on short-term Treasurys over long duration. Wise, the firm’s head of global macro strategy and a senior portfolio manager, sees the strategy as part of a diversified...