Economy news

• Wipro sounds out graduates for full-time positions

  05-02-2026 21:10 via timesofindia.indiatimes.com
  
  WILP offers fresh BCA and BSc graduates an opportunity to begin their careers while pursuing a fully sponsored MTech degree. The programme combines academic learning with hands-on industry experience, enabling participants to build practical skills as they enter the workforce. Under the WILP programme, candidates receive a monthly stipend starting at Rs 15,000 in the 1st year, along with a joining bonus of Rs 75,000.
  
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• LIC eyes higher yields from real estate

  05-02-2026 21:10 via timesofindia.indiatimes.com
  
  Addressing a press conference after the board meeting, the corporation’s MD & CEO R Doraiswamy said LIC has decided to go slow on its earlier announced plan of entering the health insurance business, which was announced by his predecessor. For the quarter ended Dec 2025, the corporation reported standalone net profit of Rs 12,958 crore, up 17.2% from Rs 11,056 crore in the corresponding year-ago period.
  
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• Tata Motors PV posts quarter 3 loss of Rs 3,483 crore

  05-02-2026 21:05 via timesofindia.indiatimes.com
  
  JLR, which contributes nearly 80% of TMPV’s revenue, was forced to halt production for five weeks until early Oct following the cyberattack. The incident resulted in loss of $228.5 million in July-Sept and prompted the UK govt to step in with a loan guarantee of $2.04 billion to support the luxury carmaker's supply chain.
  
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• Stocks, metals bleed on weak economic data

  05-02-2026 21:05 via timesofindia.indiatimes.com
  
  On Thursday, across Asia, the Nikkei index in Japan closed 0.9% lower while the Shanghai Composite in China and sensex in India each closed 0.6% lower. In Europe in late trades, FTSE in the UK was down 0.8% while Dax in Germany was down 1%. In early trades in the US, the tech-heavy Nasdaq Composite was down 1.6%, Dow Jones index was down 1.1% and S& was down 1.2%.
  
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• Timely boost: Govt expands scope of startup recognition

  05-02-2026 20:58 via timesofindia.indiatimes.com
  
  Besides, a new sub-category of deep tech startup has been introduced covering entities working on cutting-edge and breakthrough technologies. The eligibility criteria for such startups has also been broadened with the age limit extended from 10 years to 20 years from the date of incorporation or registration, and the turnover limit increased to Rs 300 crore.
  
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• AI upends software economics, raises ‘SaaSpocalypse’ concerns

  05-02-2026 20:58 via timesofindia.indiatimes.com
  
  Advances in GenAI, autonomous agents and AI-assisted coding are forcing a rethink of long-held assumptions about SaaS defensibility, pricing power and growth. Tasks that once required large engineering teams can now be executed faster and at far lower costs, raising concerns that many software products may become easier to replicate and much harder to monetise.
  
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• HNIs, family offices fuel India’s private credit engine

  05-02-2026 20:53 via timesofindia.indiatimes.com
  
  What’s fueling the rise of private credit in the first place is the fact that banks are not being able to fulfil all kinds of requirements, leaving a funding gap for mid-market structured credit, said Dhedhi. “Private credit can provide non-dilutive capital that can be tailored to specific needs of each borrower.
  
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• India, six Gulf nations set stage to launch FTA talks

  05-02-2026 20:47 via timesofindia.indiatimes.com
  
  Gulf Cooperation Council— comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE — is a key trade and investment partner for India, with exports of nearly $57 billion and imports of around $122 billion, accounting for over 15% of India’s total global trade. Trade with GCC has grown at an average annual rate of about 15% in the last five years.
  
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• No more misleading ads: Supreme Court makes self-declaration mandatory before every advertisement

  05-02-2026 18:03 via timesofindia.indiatimes.com
  
  The Supreme Court highlighted that the misleading advertisements are not a minor regulatory issue but a direct consumer rights concern inherently connected with the health of people and trust in society
  
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• Budget 2026 update: No change in Income Tax slabs? Here’s what you need to know

  05-02-2026 16:02
  In Budget 2026, the Finance Minister chose to keep income tax slabs unchanged under both the old and the new tax regimes for the Financial Year 2026–27 (Assessment Year 2027–28).
  
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• Govt plans to manufacture 260 Vande Bharat Sleeper trainsets: Ashwini Vaishnaw

  05-02-2026 14:05
  The Indian government has initiated a large-scale manufacturing programme for Vande Bharat Sleeper trainsets, with plans to produce 260 rakes to enhance long-distance travel across the country.
  
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• Hyundai i20 becomes Rs 87,000 cheaper: Now starts at Rs 5.99 lakh - Best time to buy?

  05-02-2026 13:21
  Hyundai i20 Price Cut: Hyundai Motor India has made the i20 more affordable by cutting prices for several variants. Now the premium hatchback is more accessible to buyers with a starting price of Rs 5.99 lakh (ex-showroom).
  
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• Nissan Tekton spy images reveal Interior, exterior and key details of midsize SUV

  05-02-2026 13:06
  Nissan Tekton launch: Nissan Tekton, the upcoming midsize SUV by Nissan, was spotted testing once again on Indian roads, and this time it has revealed its interior for the first time. 
  
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• Bengaluru Metro fares to go up by 5% from next week; Check the latest price

  05-02-2026 13:05
  BMRCL announced its first annual Namma Metro fare revision from February 9, 2026, raising ticket prices by up to ₹5 across all zones.
   
  
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• Amit Shah launches Bharat Taxi: Zero commission model for drivers

  05-02-2026 12:55
  According to the Ministry of Cooperation, Bharat Taxi has seen encouraging traction even during its pilot run. Over 3 lakh drivers have joined the platform, while around 1 lakh users have registered so far. The service is currently clocking more than 10,000 rides daily across Delhi-NCR and Gujarat.
  
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• Honda launches two new 125cc special editions - Check prices and more

  05-02-2026 12:47
  Honda Special Editions: Honda Motorcycle & Scooter India (HMSI) has launched two new special-edition models in the 125cc segment, the Dio 125 X Edition and the Shine 125 Limited Edition.
  
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• Indian stocks settle in red on profit booking; Sensex dips 504 points

  05-02-2026 12:10
  Sensex closed at 83,313.93 points, down 503.76 points, or 0.60 per cent, while Nifty closed at 25,642.80 points, down 133.20 points or 0.52 per cent, respectively.
  
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• Gold price today: How much 22K, 24K gold costs in your city today?

  05-02-2026 11:10 via timesofindia.indiatimes.com
  
  Precious metals experienced a sharp downturn on Thursday, reversing recent gains as futures faced significant selling pressure. Weak global sentiment and a stronger US dollar contributed to the decline. Silver futures on MCX plunged by 10%, while gold futures also saw a notable drop, erasing previous recovery.
  
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• Budget 2026: Who can claim standard deduction in FY 2026–27? Check eligibility

  05-02-2026 10:44
  Under the current income tax rules, salaried individuals can claim the standard deduction under whichever tax regime they opt for. In the new tax regime, a salaried person can claim a standard deduction of up to Rs 75,000 in a financial year. 
  
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• Budget 2026: 3 Big updates regarding provident fund accounts you need to know

  05-02-2026 10:14
  Retirement fund body EPFO has hailed the Budget proposal to rationalise Income Tax regime for provident fund trust. 
  
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• 8th Pay Commission February 2026 Update: MoS Finance Says Commission will make its recommendations within...

  05-02-2026 10:08
  On February 3, 2026, Minister of State for Finance Pankaj Chaudhary responded in writing to Rajya Sabha member Javed Ali Khan's question about whether the 8th CPC has started functioning on a regular basis. 
  
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• Alphabet's annual revenues exceed $400 billion first time in 2025

  05-02-2026 09:30
  The tech giant also saw a year-on-year growth of 17 per cent in search engine. "Search saw more usage in Q4 than ever before, as AI continues to drive an expansionary moment," the earnings report highlighted. Google Cloud saw its revenues grow 48 per cent, now on an annual run rate of over USD 70 billion.
  
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• IndiGo shares tumble! InterGlobe Aviation stock plunges 3% as CCI launches detailed probe

  05-02-2026 09:29 via timesofindia.indiatimes.com
  
  InterGlobe Aviation shares tumbled as the Competition Commission of India (CCI) launched a detailed probe into IndiGo for alleged unfair business practices. The regulator suspects the airline misused its dominant market position by cancelling thousands of flights, creating artificial scarcity and restricting consumer access to air travel.
  
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• 'Limitless potential!': Sergio Gor hails India-US ties; points to ongoing high level engagements

  05-02-2026 08:54 via timesofindia.indiatimes.com
  
  India and the US are set to deepen their bilateral ties, with Ambassador Gor highlighting readiness for elevated engagement. External Affairs Minister S Jaishankar's recent meetings with US officials, including Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, covered trade, energy, defense, and critical minerals, signaling a robust economic and strategic partnership ahead.
  
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• Gold, silver price prediction today: Gold, silver on track for gains? Here's the outlook

  05-02-2026 06:45 via timesofindia.indiatimes.com
  
  Gold and silver price prediction: Gold and silver prices have resumed their upward momentum after the recent crash, signalling bullish momentum, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:
  
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• Gen Z employee responds to manager's email on 'strict office rules' for virtual meeting, netizens all hearts on the viral post

  05-02-2026 06:15
  Sharing a post about the conversation between two employees on X, a user said the Gen Z employees are not the heroes we deserved but the heroes we needed.
  
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• Rupee inches 7 paise to reach 90.40 against US dollar

  05-02-2026 06:02 via timesofindia.indiatimes.com
  
  The Indian rupee opened marginally higher at 90.45 against the US dollar on Thursday, recovering slightly after a dip in the previous session. Mixed market sentiment prevails as traders await official confirmation of the India-US trade deal, with crude oil price volatility also influencing currency movements.
  
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• Nifty, Sensex open flat as IT stocks drag markets in consolidation phase, Silver down by 9%

  05-02-2026 05:32
  The cautious market mood followed the recent rally triggered by the India-US deal, even as fresh concerns weighed on specific sectors.
  
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• Asian stocks today: Markets trade in red as tech stocks tumble; Kospi falls 4%, Nikkei down 600 points

  05-02-2026 05:18 via timesofindia.indiatimes.com
  
  Asian markets opened lower, mirroring losses in US technology stocks that dampened investor confidence. Despite modest gains in US stock futures, a mixed close on Wall Street and falling oil prices contributed to the regional retreat. Technology shares, particularly software companies, faced pressure amid concerns over AI competition.
  
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• Stock market today: Nifty50 opens in red; BSE Sensex down over 150 points

  05-02-2026 04:48 via timesofindia.indiatimes.com
  
  Stock market today: Nifty50 and BSE Sensex, the Indian equity benchmark indices, opened in red on Thursday. While Nifty50 went below 25,750, BSE Sensex was down over 150 points.
  
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• Stock market today: Nifty50 falls 133 points; BSE Sensex tumbles 503 points to settle at 83,313

  05-02-2026 04:48 via timesofindia.indiatimes.com
  
  Indian stock markets opened lower today, with Nifty50 and BSE Sensex experiencing declines. While IT stocks faced a sell-off due to automation fears, domestic consumption-driven sectors showed resilience. Analysts remain cautiously optimistic, awaiting FII buying trends and positive impacts from recent trade deals and budget announcements.
  
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• Top stocks to buy today: Stock recommendations for February 5, 2026 - check list

  05-02-2026 03:44 via timesofindia.indiatimes.com
  
  Top stock market recommendations: According to Aakash K Hindocha, Deputy Vice President - WM Research, Nuvama Professional Clients Group, the top buy calls for today are: Petronet, MRPL, and CCL. Here’s his view on Nifty, Bank Nifty, and the top stock picks for February 5, 2026:
  
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• US households become increasingly strained in diverging economy

  05-02-2026 03:29 via timesofindia.indiatimes.com
  
  Around the crack of dawn, a line begins forming at a strip mall in Hyattsville, Maryland, as residents ranging from students to delivery workers and federal contractors wait to sign up for food assistance. - 'Scraping' - Salih Taylor, a federal worker, said he had not considered visiting a food drive until speaking with his church's pastor.
  
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