Economy news - NewsLocker

After Senate, US House passes Russia sanctions bill; 100% tariff threat looms for India

17-09-2026 00:40 via timesofindia.indiatimes.com

The US House has successfully passed a sanctions bill aimed at Russian officials and the energy sector. This new legislation empowers President Trump to impose tariffs on significant buyers of Russian oil. India might encounter a staggering 100 percent tariff on its imports due to its energy dealings with Russia. The bill also broadens sanctions against Russia and prolongs measures against Iran for an additional five years.

At board meet, Noel to push to keep Tata Sons private

16-09-2026 23:54 via timesofindia.indiatimes.com

Wants To Comply With RBI Order, But Sans Listing

‘We're the best credit’: Trump calls for lower US interest rates after first Fed hike in 3 years

16-09-2026 23:13 via timesofindia.indiatimes.com

The Federal Reserve has set a new target range by increasing its benchmark interest rate, marking its first hike since 2023. President Donald Trump has called for a substantial reduction in interest rates, advocating for lower borrowing costs given the country's robust credit status. However, officials have stated that ongoing inflation remains a significant factor driving this adjustment.

Govt lowers export levies on petrol, diesel and aviation turbine fuel amid fortnightly review

16-09-2026 21:56 via timesofindia.indiatimes.com

India's government has reduced export levies on petrol, diesel, and aviation fuel.The revised rates for these petroleum products took effect from September sixteenth.Export duty on petrol decreased by one rupee to zero point five rupees per litre.Diesel export levies were lowered by five rupees to twenty rupees per litre.These changes reflect a reversal of higher rates implemented earlier this month.

US Federal Reserve chair Kevin Warsh-led FOMC hikes interest rate to 3.75-4% range; first time since 2023

16-09-2026 20:02 via timesofindia.indiatimes.com

The US Federal Reserve's hike decision comes on the back of persistent inflation and a broader increase in global borrowing costs. Inflation has remained stubbornly elevated, while borrowing costs around the world have moved higher.

He moved to US for work, missed ITR; taxman imposes Rs 8.9 lakh penalty - what ITAT said

16-09-2026 18:26 via timesofindia.indiatimes.com

The individual maintained that he had not deliberately attempted to evade tax. His case was that he had simply missed the ITR deadline while dealing with his relocation and new job in the US.

Who is Zhang Yiming? Meet TikTok billionaire who has overtaken Gautam Adani as Asia’s richest person

16-09-2026 17:02 via timesofindia.indiatimes.com

Zhang, 43, is now worth more than $105 billion, according to the Bloomberg Billionaires Index. His rise comes after he weathered a prolonged regulatory battle over TikTok that at one point threatened to shut down the social media platform in the US.

Land sold for Rs 6.95 crore, sister-in-law got Rs 72 lakh; Delhi HC orders Rs 1.01 crore more plus interest

16-09-2026 16:01 via timesofindia.indiatimes.com

The property dispute was related to four women who jointly purchased land. Each held one-fourth undivided share. One of them later gave her brother-in-law a general power of attorney (GPA) because she was living in West Bengal, while he was based in Delhi.

How your income and credit score shape your loan approval chances

16-09-2026 12:53 via timesofindia.indiatimes.com

Your income is an important criterion that determines your loan approval, but lenders look beyond your gross income while analysing your loan application. Your income stability and continuity, employer profile, employment type, industry type, etc. are also considered.

Cabinet approves raising EPFO wage ceiling from Rs 15,000 to Rs 25,000; all you need to know

16-09-2026 11:49 via timesofindia.indiatimes.com

The EPFO wage limit had remained unchanged between 2004 and 2014. It was raised to Rs 15,000 in September 2014. The latest decision follows the same approach of periodically updating the ceiling, with the new Rs 25,000 limit intended to account for wage growth.

Oracle India may cut 3,000 jobs; routine Indian sector IT roles face pressure

16-09-2026 10:45 via timesofindia.indiatimes.com

Reports of the layoffs have also surfaced on X and Reddit, where some users identifying themselves as Oracle employees in India discussed the job cuts. Some said they were given little advance notice before being informed that their positions had been eliminated.

MDR on UPI: What stays free, what attracts Rs 5 flat fee, and what 0.4% rate?

16-09-2026 08:44 via timesofindia.indiatimes.com

The new MDR will take effect from October 15. However, UPI payments between individuals, including transfers made to friends, will continue to remain outside the charge. Auto-debits and UPI mandates will also not attract MDR.

Gold price prediction today: Will gold continue bearish trend? Check September 16, 2026 outlook

16-09-2026 08:07 via timesofindia.indiatimes.com

The dominant catalyst is today’s FOMC decision and Fed Chair Kevin Warsh's press conference. The rate hike itself is largely priced in and discounted; what matters more is the guidance

Top stocks to buy today: Stock recommendations for September 16, 2026 - check list

16-09-2026 05:52 via timesofindia.indiatimes.com

Stock market recommendations: PN Gadgil Jewellers, Mankind Pharma, and BEML are the top stocks recommended by Ganesh Dongre, Senior Manager - Technical Research, Anand Rathi Shares and Stock Brokers Limited for September 16, 2026.

Tata Group stocks soar after RBI listing decision

16-09-2026 02:49 via timesofindia.indiatimes.com

Amid Renewed Buzz Around Tata Sons' IPO, Stocks Shine On Gloomy Day On D-St

Hear us first if Tata Sons files any plea: RBI caveat in HC

16-09-2026 02:36 via timesofindia.indiatimes.com

Hear us first if Tata Sons files any plea: RBI caveat in HC

India’s exports to US, China surge in August amid stronger global trade

15-09-2026 18:34 via timesofindia.indiatimes.com

India's merchandise exports to the US and China saw significant growth in August. Shipments to the US increased by over twenty-one percent while China saw a fifty-two percent rise. Overall exports climbed by more than twenty-six percent, driven by key sectors. Imports also grew, with electronics and crude oil shipments increasing substantially. This performance narrowed the merchandise trade deficit to its lowest in five months.

His flat faced water leaks for 8 years; court orders neighbour to allow repairs

15-09-2026 18:04 via timesofindia.indiatimes.com

This water leakage problem between two neighbours in a housing society turned into an eight-year legal battle, with the Maharashtra Co-operative Appellate Court eventually directing the owner of the first-floor flat to allow repairs in his home.

MDR on person-to-merchant UPI payments above Rs 2,000: Who pays and what changes for you? FAQs answered

15-09-2026 16:11 via timesofindia.indiatimes.com

Merchant Discount Rate (MDR) is essentially a fee that a merchant incurs when accepting payments for goods or services through credit or debit cards. It is important to note that person-to-person transactions will continue to be free with no MDR applicable.

Russian oil squeeze, China competition, Saudi pipeline shut: Why India faces a crude triple whammy

15-09-2026 14:25 via timesofindia.indiatimes.com

Where does that leave India, a country that imports around 90% of its crude oil? If crude oil prices continue to rise due to global supply constraints and Russian crude discounts ebb, will India’s crude oil bill manage another hit within months?

Rs 3.25 lakh meant for father went to wrong account; Karnataka HC orders refund

15-09-2026 13:43 via timesofindia.indiatimes.com

The court passed the order after hearing a petition filed by the woman who said she had intended to transfer the money to her father but inadvertently sent it to another account. The account belonged to M/s Standard Engineering Works and, according to the petitioner's case, was dormant.

India’s exports jump 25.4% in August, narrowing overall trade deficit to $9.41bn

15-09-2026 12:37 via timesofindia.indiatimes.com

India's overall trade deficit narrowed to $9.41 billion in August 2026. Exports grew 25.41% year-on-year to $82.68 billion, while imports rose to $92.09 billion. Merchandise exports increased 26.12% to $43.81 billion, showing strong performance. Services exports also registered robust growth, contributing to the positive trend. This export momentum accelerated further, indicating a positive trade outlook.

Rupee falls 0.4% to 95.96 against dollar, sharpest single-day drop in two months

15-09-2026 12:15 via timesofindia.indiatimes.com

The Indian rupee experienced its sharpest single-day fall in two months. Rising oil prices and higher US interest rate expectations pressured the currency. Attacks on Saudi Arabian energy infrastructure boosted crude oil prices significantly. The Reserve Bank of India's dollar sales helped limit the rupee's losses. Bond yields rose as inflation and rate-hike bets grew.

Gold price prediction today: Will bearish bias continue? Check outlook for September 15, 2026 week

15-09-2026 08:16 via timesofindia.indiatimes.com

Gold remains under corrective pressure after the sharp rejection from the recent Rs 164,000–166,000 zone, with prices currently trading near Rs 151,000.

Real estate businessman lost Rs 34.21 lakh in F&O, got a notice; what ITAT did

15-09-2026 07:53 via timesofindia.indiatimes.com

The AO invoked the Explanation to Section 73 and consequently refused to allow the loss to be set off against the taxpayer’s regular business income. The assessment relied on the Delhi High Court ruling in CIT v. DLF Commercial Developers Ltd.

Top stocks to buy: Stock recommendations for September 15, 2026 week - check list

15-09-2026 05:03 via timesofindia.indiatimes.com

Stock market recommendations: Emcure Pharmaceuticals, and Cholamandalam Investment & Finance Company Ltd - Motilal Oswal Wealth Management Research Desk has identified these as the top stocks to buy in the holiday-shortened trading week starting September 18, 2026:

Solar Industries acquires South African company for 13,000 crore

15-09-2026 02:01 via timesofindia.indiatimes.com

To Create One Of World's Most Integrated & Largest Blasting Solutions Player With Omnia

4 buyers paid Rs 2.08 crore each for flats, but pool, spa, gym missing; RERA orders Rs 10 lakh

14-09-2026 18:32 via timesofindia.indiatimes.com

A reputed builder has been asked to pay Rs 10 lakh compensation to four homebuyers after a joint inspection and photographs showed that several amenities promised in the project, including a senior citizen park, open gym, spa, amphitheatre and sports facilities, had not been delivered.

Stocks to buy: What's the outlook for Nifty for September 15-September 18 week? Check list of top stock recommendations

14-09-2026 17:21 via timesofindia.indiatimes.com

Stock market recommendations: Emcure Pharmaceuticals, and VA Tech Wabag are the top stocks to buy on September 15, 2026, recommends Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.

Global AI stocks slide as warnings over rapid development trigger investor concerns

14-09-2026 16:00 via timesofindia.indiatimes.com

Global AI stocks plunged Monday after industry leaders urged slower development. Warnings from Anthropic, OpenAI, and xAI leaders sparked investor concerns. This led to significant declines in major chip and technology companies worldwide. The calls raised questions about continued massive investments in the sector. Investors remain divided on the long-term impact of these warnings.

EPFO launches WhatsApp channel for PF updates; here’s how to join

14-09-2026 15:17 via timesofindia.indiatimes.com

The EPFO, in a social media post on X (formerly Twitter), said that members who join the WhatsApp channel can stay informed about the organisation’s latest updates. In its post on X, the EPFO said, “Join EPFO's official WhatsApp Channel to get important updates and useful information. Click on the link to join.”

India’s retail inflation rises to 4.82%, wholesale inflation climbs to 9.92%

14-09-2026 14:19 via timesofindia.indiatimes.com

India's retail inflation rose to 4.82% in August, while wholesale inflation neared double digits. Food inflation increased to 5.95% at the consumer level and 7.05% wholesale. Fuel and power inflation surged sharply to over 22% on the wholesale price index. Economists anticipate continued upward pressure on prices due to global factors. The Reserve Bank of India's monetary policy outlook remains a key focus.

Brics leaders call for reliable supply chains for critical minerals

14-09-2026 13:54 via timesofindia.indiatimes.com

India is actively seeking critical mineral supplies through international partnerships and domestic initiatives.Discussions are underway with Argentina, Australia, and Chile for lithium acquisition.The government launched a mission to boost exploration, processing, and overseas asset acquisition.Strategic collaborations with the US and Australia aim to secure supply chains.Domestic parks will develop processing capabilities for essential minerals.

Char Dham rail boost: Rishikesh-Karnprayag line hits 41 tunnel breakthroughs

14-09-2026 13:27 via timesofindia.indiatimes.com

The Rishikesh Project Implementation Unit of RVNL achieved the breakthrough on Friday after completing the full 10.847-km length of Escape Tunnel 1. The tunnel is the second-longest on the project.

Nitin Gadkari: 100% barrier-free FASTag tolls soon; to deliver Rs 25,000 crore benefit

14-09-2026 10:33 via timesofindia.indiatimes.com

The Road Transport and Highways Minister said the government plans to make all toll booths on national highways barrier-free by March 2027. FASTag adoption has already increased toll collections by 10%, or around Rs 7,000 crore, taking total toll booth revenue to more than Rs 82,000 crore, according to Gadkari.

Record $44.9 billion jump takes India’s forex reserves to lifetime high of $785.71 billion

14-09-2026 09:25 via timesofindia.indiatimes.com

India's forex reserves had been under pressure since the West Asia conflict began earlier this year. The rupee came under sustained pressure during the period, prompting the RBI to intervene in the foreign exchange market through dollar sales.

Rs 6.42 lakh business travel paid via wife’s card and reimbursed, man gets tax notice; what ITAT said

14-09-2026 07:48 via timesofindia.indiatimes.com

The Income Tax Appellate Tribunal (ITAT) Mumbai has provided partial relief to a businessman after the income tax department disallowed Rs 6.42 lakh of his travel expenses because the payments had been made using his wife's credit card.

Oil infra hit by Ukraine, Russia gets 70% of its fuel from India

13-09-2026 22:24 via timesofindia.indiatimes.com

August marked a milestone for Russia as it imported record levels of oil products, with Indian exports accounting for nearly seventy percent. The gasoline supplied by India was produced from Russian crude at a shared refinery. While India remains the second-largest importer of crude oil from Russia, its overall imports have seen a decline compared to recent months, with China still leading the ranks.

Fed, crude, dollar and Iran war: 4 factors that could move gold next week

13-09-2026 18:28 via timesofindia.indiatimes.com

Gold and silver prices are expected to remain volatile next week. The US Federal Reserve's interest rate decision will be a key global event. Crude oil movements and the US dollar will also influence market sentiment. Other central banks' monetary policy and inflation data will be closely watched. Geopolitical developments and economic data will drive precious metals' direction.

Stock market today: Are NSE, BSE closed for trading on Ganesh Chaturthi?

13-09-2026 17:22 via timesofindia.indiatimes.com

On September 14, stock markets will halt trading in observance of Ganesh Chaturthi. While equity derivatives will remain suspended for the day, the commodity market will only partially close during the morning session. Trading will pick back up in the evening session. Investors should keep these adjustments in mind as they plan their trading activities around the festival.

Stock market holiday: Are NSE, BSE closed for trading on Ganesh Chaturthi?

13-09-2026 17:22 via timesofindia.indiatimes.com

On September 14, stock markets will halt trading in observance of Ganesh Chaturthi. While equity derivatives will remain suspended for the day, the commodity market will only partially close during the morning session. Trading will pick back up in the evening session. Investors should keep these adjustments in mind as they plan their trading activities around the festival.

Bank holiday on Ganesh Chaturthi: Where are banks closed on September 14? Check state-wise list

13-09-2026 17:05 via timesofindia.indiatimes.com

On September 14, banks in various Indian states will shut down in observance of Ganesh Chaturthi. It's important for customers to check their specific branch's holiday hours, as additional regional holidays may also affect bank operations throughout the month. However, ATMs and online banking will still be available, so planning ahead can help ensure you maintain access to necessary banking services.

India completes its 2,843 km Dedicated Freight Corridor network; why it’s a game-changer for railways

13-09-2026 15:36 via timesofindia.indiatimes.com

India's Dedicated Freight Corridor project has finally reached a milestone that was years in the making. With the commissioning of the last remaining sections of the Western Dedicated Freight Corridor, the country's 2,843-km dedicated freight network is now fully operational.

India’s semiconductor sector attracts $1.4 billion in funding across 281 companies

13-09-2026 13:52 via timesofindia.indiatimes.com

India's semiconductor sector has attracted $1.4 billion in equity funding across many companies.Nearly half of this investment occurred since 2025, showing rapid growth.The nation is preparing to host SEMICON India 2026, a major industry event.Bengaluru leads as the primary semiconductor hub, attracting substantial investment.Acquisitions remain the dominant exit strategy for companies in this sector.

FPIs turn sellers again: Rs 13,138 crore pulled out of Indian equities

13-09-2026 13:02 via timesofindia.indiatimes.com

In 2023, foreign portfolio investors have pulled out an astonishing Rs 2.37 lakh crore from Indian equities. The latest round of selling experienced in early September is attributed to global uncertainties and increasing US bond yields. Rising crude oil prices, driven by heightened geopolitical tensions, are also affecting investor mood.

Stock market outlook: Fed, crude prices and more to guide Dalal Street this week

13-09-2026 12:54 via timesofindia.indiatimes.com

Dalal Street is gearing up for a condensed trading week, with investors keenly awaiting pivotal global and domestic data. The focus will be on the US Federal Reserve's interest rate decision and outlook on policy. Domestic inflation trends and fluctuations in crude oil prices will influence market dynamics. Additionally, geopolitical tensions in the Middle East could affect oil supplies, adding further pressure on Indian equities after last week's substantial sell-off.

India supplies 70% of Russia’s record fuel imports as Ukrainian drones hit refineries

13-09-2026 11:59 via timesofindia.indiatimes.com

In August, India became Russia's largest supplier of fuel amidst significant disruptions to Russia's domestic production caused by drone attacks from Ukraine. Remarkably, India accounted for seventy percent of the fuel imported by Russia during this period. Concurrently, Russia's oil product exports faced a notable slump, while China maintained its position as Russia's primary customer for fossil fuels.

India’s gem exports rise 3.14% in August as studded gold jewellery shipments surge

13-09-2026 06:40 via timesofindia.indiatimes.com

India's gem and jewellery exports saw a 3.14% increase in August, reaching $2.30 billion. This growth was primarily fueled by a significant rise in studded gold jewellery shipments. Diamond export volumes also contributed positively to the overall export performance during the month. Plain gold jewellery exports experienced a decline due to rising gold prices and input costs. The industry is evolving into a global hub for design and value addition.

Brics 2026: Piyush Goyal hails unanimous adoption of New Delhi Declaration

13-09-2026 05:33 via timesofindia.indiatimes.com

At the latest summit, BRICS leaders unanimously endorsed the New Delhi Declaration, marking a significant step toward a resilient strategic partnership. This declaration focuses on fostering cooperation in emerging technologies and strengthening digital infrastructure. Additionally, it aims to bolster the New Development Bank and enhance supply chain resilience, all while underscoring the leaders' commitment to solidarity and mutual respect.

HDFC Bank sends names of 2 CEO candidates to RBI

13-09-2026 00:56 via timesofindia.indiatimes.com

HDFC Bank has presented two candidates to the RBI for the upcoming role of managing director and CEO. The board has also sanctioned the promotion of Jimmy Tata to executive director while seeking an extension for V Srinivasa Rangan. This move will elevate the count of whole-time directors to four, enhancing oversight across its subsidiaries. Final approval for these transitions now lies with the Reserve Bank of India.