Economy news - NewsLocker

Sebi bans Rajesh Exports' CMD for fin irregularities

03-06-2026 22:48 via timesofindia.indiatimes.com

Sebi has banned Rajesh Mehta, CMD of Rajesh Exports, from dealing in the company's shares pending further orders. The regulator's investigation revealed significant manipulation of accounts, particularly overseas subsidiary revenues, inflating them by an "egregious" 97%-99%. The company also failed to reflect a Rs 1,035 crore investment in African gold mines.

RBI rejects bids for treasury bills, move signals lower rates

03-06-2026 22:44 via timesofindia.indiatimes.com

The RBI rejected bids for longer-term treasury bills, signaling discomfort with rising short-term yields ahead of its monetary policy decision. This move, aimed at softening interest rates, comes as the MPC meets to decide on rates, with a pause widely expected. Yields on government bonds subsequently fell.

Interest in India strong despite volatility: Bank of America chief

03-06-2026 22:41 via timesofindia.indiatimes.com

Despite near-term volatility, India's appeal remains strong for strategic investors due to its scale and growth prospects. While foreign institutional investor participation has declined, Bank of America's India CEO Vikram Sahu believes capital will follow as regulatory friction eases and business conditions improve. Investor sentiment is showing signs of recovery, with a growing willingness to explore current market entry points.

Govt sets aside Rs 10k crore to cap jet fuel price, keep air fares in check

03-06-2026 22:35 via timesofindia.indiatimes.com

The Indian government has allocated Rs 10,000 crore to stabilize jet fuel prices. This move aims to prevent airfares from becoming unaffordable for citizens and to support airline operations. The support will be provided as an interest-free advance to oil companies. This initiative is expected to maintain affordable air connectivity, boost tourism, and create employment opportunities across the country.

Exporters keep tabs on USTR probe, trade talks

03-06-2026 22:27 via timesofindia.indiatimes.com

Indian exporters are closely monitoring US trade investigations and bilateral deal talks, expecting an advantage over rivals. While not overly concerned about a proposed 12.5% tariff on 54 countries, they are apprehensive about the same levy on China. Exporters are confident that ongoing negotiations will lead to mutually beneficial outcomes, especially for sectors like footwear and leather.

Tech stocks slide on AI fears, oil gives Dalal Street a headache

03-06-2026 22:22 via timesofindia.indiatimes.com

Persian Gulf tensions pushed crude prices near $100, weakening the rupee and causing the Sensex to plunge over 1,100 points mid-session. Despite initial losses, banking stocks rallied, aiding a partial recovery, while IT stocks crashed due to AI disruption fears. Foreign funds saw significant outflows.

District economy data: Govt issues uniform framework for district GDP estimates with 2022-23 base year

03-06-2026 19:07 via timesofindia.indiatimes.com

The statistics ministry has released a uniform framework for district-level economic output estimates with a revised base year of 2022-23. This move aims to enhance consistency and comparability of economic data across all states and Union Territories. The guideline, incorporating stakeholder feedback, standardizes concepts, data sources, and methodologies for compiling Gross and Net District Domestic Product and per capita income.

Rupee slides 40 paise to 95.76 against dollar as tariff concerns, oil prices weigh on sentiment

03-06-2026 18:39 via timesofindia.indiatimes.com

The rupee weakened by 40 paise to 95.76 against the US dollar due to proposed US tariffs, rising crude oil prices, and foreign fund outflows. Escalating geopolitical tensions in West Asia also contributed to the decline, impacting investor sentiment. Market participants now await the Reserve Bank of India's policy decision for further cues.

India's economy shows resilience amid geopolitical uncertainty, says RBI deputy governor

03-06-2026 17:15 via timesofindia.indiatimes.com

India's economy is showing remarkable resilience amidst global challenges, driven by robust industrial and services sectors, strong demand, and improved corporate performance. RBI Deputy Governor Swaminathan highlighted the nation's strong macroeconomic footing, with inflation within limits and manageable external risks.

Planning to get your first loan or credit card? How lenders evaluate new-to-credit customers - explained

03-06-2026 16:29 via timesofindia.indiatimes.com

Not having any credit accounts is a big disadvantage when looking to access new credit. But what can help is your existing relationship with banks, particularly those that hold your salary or savings account.

US stock markets today (June 3, 2026): Oil nears $100 amid Iran tensions, Wall Street stays close to record highs

03-06-2026 16:06 via timesofindia.indiatimes.com

US stocks saw a slight dip on Wednesday. Rising oil prices and tensions with Iran impacted the market. However, Wall Street stayed close to record levels. Investors are hopeful about the Strait of Hormuz reopening. Strong corporate earnings also provided support. Macy's and GameStop reported positive results. Palo Alto Networks saw a decline despite a profit beat.

Ford recalls nearly 4.2 lakh vehicles over seat belt defect linked to injury risk

03-06-2026 15:48 via timesofindia.indiatimes.com

Ford is recalling nearly 4.2 lakh Expedition and Lincoln Navigator vehicles (2018-2022) in the US due to a seat belt defect. The issue can cause seat belts to lock unexpectedly, hindering retraction or extension, potentially leading to injuries in crashes. Ford will replace affected front seat belt retractors free of charge.

Why did TCS shares crash over 8% today? Stock logs worst single-day fall since Covid-era rout

03-06-2026 14:11 via timesofindia.indiatimes.com

Tata Consultancy Services (TCS) experienced its steepest single-day decline since March 2020, plunging over 8% and erasing recent gains. Market experts attribute the sharp reversal to strong resistance near a key technical zone, triggering profit-booking and renewed selling pressure. Analysts are now watching critical support levels, concerned about the sustainability of any near-term recovery.

India-US trade deal within reach, final 1% remains under discussion: Sergio Gor

03-06-2026 13:27 via timesofindia.indiatimes.com

India and the US are nearing the finalization of a proposed trade agreement, with US envoy Sergio Gor expressing optimism for a resolution within weeks. Top negotiators are currently in New Delhi to iron out the remaining details of the interim pact. Gor also clarified that recent US tariffs were not specifically targeted at India, affecting numerous global economies.

Key Cabinet decisions: Rs 39,290 crore package get govt nod; ATF fund, coastal highway and Delhi-NCR vehicle scheme on list

03-06-2026 12:21 via timesofindia.indiatimes.com

The Union Cabinet approved a Rs 39,290 crore package for aviation, highways, and transport modernization. A significant Rs 10,000 crore was allocated for an Aviation Turbine Fuel Price Stabilisation Fund to manage fuel cost volatility.

US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs - how it aims to benefit airlines, passengers

03-06-2026 11:53 via timesofindia.indiatimes.com

The Union Cabinet on Wednesday approved Aviation Turbine Fuel (ATF) Price Stabilisation Fund of Rs 10,000 crore which will be made available for domestic and international operations.

Trump’s 12.5% additional tariffs move under Section 301: What does it mean for India & trade deal talks?

03-06-2026 11:33 via timesofindia.indiatimes.com

The Section 301 probe launched by the US in March 2026 is a known variable in India’s trade deal talks with America. Yet, the proposal to impose duties on around 60 countries assumes significance at a time when a delegation from the US is in India to finalise terms of the India-US trade deal.

Cheaper gold by Rs 10 lakh - 15% import duty prompts smuggling wave in India

03-06-2026 11:00 via timesofindia.indiatimes.com

A recent surge in gold import duty has fueled a wave of smuggling, with illicit gold now available at discounts of up to Rs 10 lakh per kilogram. This creates a significant price disparity with legally imported bullion, mirroring trends seen after a similar duty hike in 2013.Industry experts warn of escalating unofficial imports.

A new trade hurdle? India engaged with US over Section 301 probe linked to forced labour concerns

03-06-2026 09:26 via timesofindia.indiatimes.com

The Union government is engaging with the US concerning a Section 301 investigation into forced labor and industrial capacity. The US Trade Representative has identified India among countries with inadequate measures against goods made with forced labor, proposing potential tariffs. This occurs amidst ongoing bilateral trade deal discussions.

Gold price prediction today: Will gold, silver prices continue to be stuck in a range? Check June 3, 2026 outlook

03-06-2026 08:11 via timesofindia.indiatimes.com

Gold price prediction today: While gold and silver prices are seeing some weakness, in the domestic market gold has managed to exhibit some resilience, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

US proposes action against 60 countries over forced labour concerns: Why India is on the list

03-06-2026 08:03 via timesofindia.indiatimes.com

The US Trade Representative has proposed additional tariffs on goods from 54 economies, including India, over concerns about forced labor in supply chains. This move, stemming from a Section 301 investigation, could impact India's exports, particularly those relying on Chinese inputs, despite existing domestic prohibitions on forced labor.

Why is stock market down today? BSE Sensex, Nifty50 crash around 1% - top reasons for fall

03-06-2026 07:09 via timesofindia.indiatimes.com

Both the Sensex and Nifty declined more than 1% as investor sentiment weakened amid growing concerns over the Iran-US conflict, continued foreign institutional investor (FII) outflows and a host of other market challenges.

'Economic Fury' on Iran: US seizes Tehran's biggest crypto network amid peace talks

03-06-2026 06:17 via timesofindia.indiatimes.com

The US has imposed sanctions on Iran's largest cryptocurrency exchange, Nobitex, and its executives, accusing them of aiding the Iranian government and sanctioned entities in bypassing Western restrictions. This move, dubbed 'Economic Fury,' aims to increase economic pressure on Tehran amid ongoing conflicts.

More Trump tariffs? Amid trade deal talks, US names India in its Section 301 findings; proposes additional duties

03-06-2026 05:28 via timesofindia.indiatimes.com

The USTR released the outcome of 60 investigations conducted under Section 301, identifying India among 54 economies that, according to its assessment, do not have adequate measures in place to prohibit or effectively prevent the import of goods allegedly produced using forced labour.

Top stocks to buy today: Stock recommendations for June 3, 2026 - check list

03-06-2026 04:42 via timesofindia.indiatimes.com

Stock market recommendations: JSW Energy, Adani Energy Solutions, and IFCI have been picked by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares as the top stocks that you can consider buying on June 3, 2026:

Month four of Hormuz blockade: Oil prices jump after Iran attacks Kuwait, Bahrain

03-06-2026 03:43 via timesofindia.indiatimes.com

Middle East tensions surged as Iran launched missiles towards Kuwait and Bahrain, prompting US retaliatory strikes. Despite ongoing peace talks, no breakthrough has occurred, and the Strait of Hormuz remains disrupted for 96 days.Meanwhile, US crude inventories saw a significant drop for the seventh consecutive week, adding to market volatility.

Godrej starts wealth management business

02-06-2026 22:36 via timesofindia.indiatimes.com

Godrej Industries Group has unveiled its new wealth management venture, Godrej Wealth, aiming for a substantial Rs 1,00,000 crore in assets under management by 2031. This expansion into financial services targets affluent clients with investable assets of Rs 2 crore and above, offering comprehensive services including succession planning and global investments.

Kotak prods India Inc to start investing again

02-06-2026 22:30 via timesofindia.indiatimes.com

Billionaire Uday Kotak urged Indian businesses to invest in the future, highlighting a global lag in AI technology. He cited Google's massive $80 billion AI infrastructure investment, noting its scale dwarfs India's entire listed market. Kotak called this a wake-up call for companies to prioritize future growth, especially after the IPL season concludes, emphasizing the 'business of business'.

India slips to seventh in global market capitalisation ranking

02-06-2026 22:27 via timesofindia.indiatimes.com

India has dropped to seventh in global stock market valuation, overtaken by South Korea and Taiwan. This decline, attributed to sustained foreign fund selling and muted corporate earnings, contrasts with the AI chip leadership of South Korean and Taiwanese firms. Despite a recent Sensex uptick driven by domestic buying, foreign investors remain net sellers, impacting India's market cap.

India, UK to narrow gaps to roll out trade deal

02-06-2026 22:24 via timesofindia.indiatimes.com

India and the UK are working to resolve outstanding issues, including steel quotas and duties, to expedite the implementation of their bilateral trade agreement. Discussions between Commerce Minister Piyush Goyal and UK Secretary of State Peter Kyle focused on overcoming these sticking points to advance economic engagement and strengthen the partnership.

Government plans new indices to track informal mfg, services

02-06-2026 22:18 via timesofindia.indiatimes.com

The government is developing new indices to measure industrial and service sector production in India's vast informal economy. These will draw from extensive surveys to provide a clearer picture of the unorganized sector, moving beyond proxy methods that distorted data, especially post-pandemic. The new metrics aim to improve policymaking for millions reliant on this sector.

Citi: India's AI advantage needs better articulation

02-06-2026 22:14 via timesofindia.indiatimes.com

Citi's Vis Raghavan notes muted FDI in India due to energy dependency and AI uncertainty, despite strong domestic sentiment. He highlights the need for India to articulate its AI-driven global economy position, emphasizing its cost advantage in compute and potential as a global AI hub.

IPO plans: Oyo gets nod, Coke eyes listing of bottler's parent

02-06-2026 22:08 via timesofindia.indiatimes.com

Despite challenging global markets, several major Indian companies are pushing ahead with IPO plans. Oyo's parent, Prism, received regulatory approval for a Rs 6,650 crore offering. Coca-Cola is also exploring a $1 billion listing for its Indian bottling arm, Hindustan Coca-Cola Holdings, in 2027. Other notable firms like Zepto and Manipal Hospitals are also preparing to go public.

High costs dampen summer for beverage companies

02-06-2026 22:03 via timesofindia.indiatimes.com

Companies are facing rising costs for both cans and glass bottles this summer, impacting beer and soft drink manufacturers. Supply disruptions from West Asia for aluminium cans and increased LPG costs have led to price hikes of 15-20% for packaging. Distributors anticipate a Rs 10 price increase for 300 ml Diet Coke cans.

Producer price index, revised wholesale price index set to come on June 15

02-06-2026 21:57 via timesofindia.indiatimes.com

India is set to introduce a Producer Price Index (PPI) on June 15, alongside a revised Wholesale Price Index (WPI). The government plans to phase out WPI within five years, adopting PPI as the primary measure for factory gate inflation. This move aligns India with global standards, offering a more comprehensive inflation metric.

Skilled worker shortage poses challenge to government’s major PNG expansion drive

23-05-2026 18:04 via timesofindia.indiatimes.com

India's ambitious piped natural gas expansion is significantly hampered by a severe shortage of certified gas plumbers. Despite government targets, only a fraction of the required household connections are being made daily. This bottleneck leaves millions waiting for installations, even with pipelines at their doorstep, impacting the nation's energy goals.

Petrol, prices and pressure: How the Iran war is hitting American households

23-05-2026 15:43 via timesofindia.indiatimes.com

Escalating tensions in the Strait of Hormuz have triggered a surge in US fuel prices, pushing inflation to a three-year high and eroding wage gains. While the US economy has shown resilience with steady consumer spending and job growth, persistent inflation threatens household budgets and consumer sentiment, with higher bond yields signaling deeper economic worries.

'Potential to diversify': US state secretary Rubio pushes for US energy supplies to India in meeting with PM Modi

23-05-2026 15:29 via timesofindia.indiatimes.com

US Secretary of State Marco Rubio affirmed Washington's commitment to preventing geopolitical disruptions from impacting global energy markets, particularly amid tensions linked to the Iran conflict. He highlighted US energy exports as a tool to strengthen partnerships, especially with India, aiming to diversify its supply and reduce reliance on other sources.

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

23-05-2026 13:45 via timesofindia.indiatimes.com

In fact, ⁠IT has been the worst-performing major sector in the Indian market over the past 12-18 months. In May, 2026, the Nifty IT index touched a near 3-year low, losing more than a fourth of its value since the start of the year.

Iran war squeezes NRI deposits, overseas Indians pull out nearly $2 billion in March

23-05-2026 11:41 via timesofindia.indiatimes.com

Overseas Indians withdrew nearly $2 billion more than they deposited in Indian bank accounts in March, driven by a fall in Non-Resident External Rupee Accounts and Non-Resident Ordinary accounts. This trend, linked to geopolitical uncertainty from the Iran war, saw total NRI deposits decline to $165.65 billion.

After petrol, diesel, CNG prices hiked for third time by Re 1 per kg - check rates in your city

23-05-2026 05:23 via timesofindia.indiatimes.com

CNG prices have seen a third hike in under ten days, now costing Rs 81.09 per kg in Delhi. This follows recent increases in petrol and diesel prices, driven by surging global crude oil costs due to Middle East tensions. Transport operators are protesting, demanding fare revisions and a rollback of fuel surcharges.

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

23-05-2026 03:36 via timesofindia.indiatimes.com

Fuel prices have seen a third hike in under 10 days as global crude oil prices surge due to the West Asia conflict and Strait of Hormuz disruptions. State-run oil companies are facing significant losses, prompting these revisions after a period of unchanged prices. India is taking steps to secure energy supplies and urges citizens to conserve fuel.

Warsh takes the Fed's helm as inflation climbs

23-05-2026 01:43 via timesofindia.indiatimes.com

Will lead a central bank oriented toward reform, says new chair

Gold demand outlook: Import duty hike may reduce India's demand by 50-60 tonnes in 2026; WGC flags impact

22-05-2026 19:23 via timesofindia.indiatimes.com

India's gold demand is projected to drop by 50-60 tonnes in 2026, a 10% decrease, following a significant import duty hike. The World Gold Council notes this could also boost unofficial gold inflows, a trend observed historically with higher duties. Consumer sentiment and economic factors will also play a role.

India's tryst with oil shocks: How crude prices shaped economy and policy in last five decades

22-05-2026 18:09 via timesofindia.indiatimes.com

India's economy has faced significant challenges from global oil price surges over the past fifty years. From the 1973 Arab embargo to the recent Hormuz disruption, these shocks have impacted inflation and foreign exchange reserves. Policymakers have continuously adapted strategies to manage these crises, balancing economic stability with consumer needs.

RBI’s record dividend payout of Rs 2.87 lakh crore: How will it help government amid Middle East crisis?

22-05-2026 17:49 via timesofindia.indiatimes.com

Experts believe that the RBI’s record surplus transfer will offer only partial support to the government’s strained fiscal position amid the continuing crisis in West Asia.

Khosla and Desai come to the Musk-Altman party

22-05-2026 17:10 via timesofindia.indiatimes.com

The Indian VCs behind Silicon Valley’s two new religions – SpaceX and OpenAI

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

22-05-2026 17:09 via timesofindia.indiatimes.com

US stocks advanced on Friday, nearing all-time highs as easing bond market pressure boosted investor sentiment. Strong retail and tech earnings, with companies like Ross Stores and Zoom exceeding expectations, fueled the gains. Global markets also saw positive movement, with Japan's Nikkei reaching a record.

Will the US Federal Reserve hike rates again? Governor Chris Waller joins hawkish camp

22-05-2026 16:17 via timesofindia.indiatimes.com

Federal Reserve Governor Chris Waller is advocating for the central bank to signal that its next policy move might not be an interest rate cut, citing elevated inflation pressures. He proposes removing the "easing bias" language from policy statements, emphasizing a pause on rate changes for the near term while monitoring global developments.

India blocks China’s WTO panel bid over solar support measures, dispute set for next stage

22-05-2026 15:58 via timesofindia.indiatimes.com

India has blocked China's request for a World Trade Organization (WTO) dispute settlement panel concerning New Delhi's support for its solar and IT sectors. China alleged that India's measures discriminate against its goods, violating WTO provisions. India rejected these claims, asserting its measures align with WTO rules.