Economy news - NewsLocker

New Tamil Nadu plant to power JLR's ambitions in India

09-02-2026 23:55 via timesofindia.indiatimes.com

Tata Motors and Jaguar Land Rover have inaugurated a new greenfield facility in Tamil Nadu, set to become a key assembly hub for JLR vehicles, including electric models. This Rs 9,000 crore investment aims to scale production to 2.

Proxy advisory firm flags 'crisis' at Zee Ent, co rejects claims

09-02-2026 23:51 via timesofindia.indiatimes.com

Shareholder advisory firm InGovern has urged Zee Entertainment to appoint a professional MD and conduct a forensic audit of related-party transactions, citing a governance vacuum. Despite promoters holding less than 4% equity, they maintain operational control, a situation InGovern deems a crisis of confidence. Zee has refuted the allegations as factually incorrect and misleading.

As Centaur awaits end, Leela takes over Srinagar property

09-02-2026 23:44 via timesofindia.indiatimes.com

The Centaur Srinagar, one of the last two Centaur Hotels, has been taken over by The Leela Palaces, Hotels and Resorts for a 60-year lease. Leela is investing Rs 300 crore in a major renovation, aiming to reopen the property with 170 larger rooms and branded houseboats by the end of next year.

Coforge, Persistent outperform mid-tier peers amid slowdown

09-02-2026 23:36 via timesofindia.indiatimes.com

Coforge and Persistent Systems are bucking a trend of slowing growth in mid-tier IT, reporting robust double-digit revenue increases. While others like Tata Technologies and Cyient face headwinds from industry slowdowns and delayed R&D, Coforge leverages BFSI strength and acquisitions, and Persistent benefits from AI investments and product engineering. This divergence highlights strategic agility in the competitive IT landscape.

Fewer forms & filings: New I-T law to ease compliance load

09-02-2026 23:33 via timesofindia.indiatimes.com

New income tax rules aim to simplify compliance by reducing forms and declarations, especially for seniors over 75 who may no longer need to file returns. The changes also significantly cut down on non-PAN declarations and speed up PAN issuance. Transaction limits for quoting PAN have been raised for cash deposits, vehicle purchases, and property transactions.

Starbucks' cold brews ride the protein wave

09-02-2026 23:28 via timesofindia.indiatimes.com

Brands are introducing protein-rich products to meet growing health consciousness in India. Starbucks now offers protein-infused cold foam for iced drinks. This move aims to integrate wellness into daily routines. A standard iced coffee already contains significant protein, and the added foam boosts it further. Starbucks is also providing zero-sugar options. This trend targets health-aware consumers who value their lifestyle.

Govt must monitor unfairly priced steel imports, says Tata Steel CEO TV Narendran

09-02-2026 20:12 via timesofindia.indiatimes.com

Tata Steel expects domestic steel prices to rise this quarter, while its CFO highlights margin protection amidst a challenging year. The EU's carbon border tax is seen as a positive for Tata Steel's European operations, leveling the playing field for carbon costs.

India adopts quota-based auto duty cuts, alcohol tariff relief under US pact; export access widens

09-02-2026 17:37 via timesofindia.indiatimes.com

India will grant duty concessions on automobiles and offer market access for alcoholic beverages under a trade pact with the US. Tariffs on $30.94 billion of Indian exports will be reduced, with reciprocal tariffs on $10.03 billion eliminated, significantly boosting price competitiveness.

‘Remember Trump was right…’: US President cheers Dow Jones at record high; sees index doubling to 100,000 on ‘great tariffs’

09-02-2026 17:01 via timesofindia.indiatimes.com

Trump has repeatedly argued that his tariff policies have helped rebalance global trade, contributed to international stability, and boosted economic prosperity in the United States through increased revenue from abroad.

8th Pay Commission: Who can give feedback & by when as website goes live? Check details

09-02-2026 16:15 via timesofindia.indiatimes.com

The 8th Pay Commission was first announced in January 2025, and it was formally notified later through a Ministry of Finance notification issued on November 3, 2025.

Trump executive order: Will India’s imports of Russian crude oil drop significantly? ‘Will maintain multiple…’

09-02-2026 14:58 via timesofindia.indiatimes.com

On its part the Trump administration has claimed that India has committed to ending both direct and indirect imports of oil from the Russian Federation. The executive order by Trump says that the tariffs on Indian exports to the US could be increased if such crude imports resume.

Gross NPAs of Scheduled Commercial Banks for domestic operations reach historic low of 2.15% as of September 2025

09-02-2026 14:18

They were at a historic low of 2.15 per cent as at the end of September 2025 (provisional data), which is lower than 2010-11 level, Minister of State in the Ministry of Finance Pankaj Chaudhary in a written reply to a question in Lok Sabha said on Monday.

PSB earnings surge: Public sector banks post Rs 52,603 crore Q3 profit; SBI leads record growth

09-02-2026 13:50 via timesofindia.indiatimes.com

Public sector banks achieved a record profit of over Rs 52,000 crore in the third quarter. This marks an 18 percent increase year-on-year. State Bank of India led the performance, contributing significantly to the overall earnings. Several other banks also reported strong profit growth. The aggregate profit for the nine months crossed Rs 1.45 lakh crore.

EPFO May Introduce Performance-Linked Incentives for Fund Managers to Boost PF Returns

09-02-2026 13:08

Under the plan being considered, fund managers who deliver better investment performance could receive larger allocations of funds, encouraging stronger results in portfolio management.

Equity markets rally to start week, Sensex climbs 485 points

09-02-2026 12:25

The BSE Sensex ended the session at 84,065.75, gaining 485.35 points (0.58 percent), while the NSE Nifty closed at 25,867.30, up 173.60 points (0.68 percent).

Good news for auto loan borrowers! Bank of Baroda reduces car loan interest rates to 7.60%

09-02-2026 11:31

Bank of Baroda's floating rate now starts from 7.60% p.a, down from 7.90% p.a.

Budget 2026: Strengthening farm incomes through smarter price risk management

09-02-2026 11:24 via timesofindia.indiatimes.com

The recent India–US trade engagement signals deeper agricultural trade integration ahead. As markets open further, Indian farmers will be more exposed to global price movements — both opportunities and risks.

IT stocks crash! Rs 2.5 lakh crore erased in 3 Days — What should investors do?

09-02-2026 10:43 via timesofindia.indiatimes.com

Indian IT shares have plummeted, losing Rs 2.5 lakh crore as AI automation threatens traditional outsourcing. New tools from Anthropic and Palantir, capable of rapid SAP migrations, have spooked investors. Analysts predict a significant revenue hit, though historical disruptions have ultimately spurred industry growth. Investors are now cautiously assessing the sector's AI-driven future.

IT stock crash! Rs 2.5 lakh crore erased in 3 Days — What should investors do?

09-02-2026 10:43 via timesofindia.indiatimes.com

Indian IT shares have plummeted, losing Rs 2.5 lakh crore as AI automation threatens traditional outsourcing. New tools from Anthropic and Palantir, capable of rapid SAP migrations, have spooked investors. Analysts predict a significant revenue hit, though historical disruptions have ultimately spurred industry growth. Investors are now cautiously assessing the sector's AI-driven future.

Vedanta Chairman Anil Agarwal calls for Oil & Gas exploration push to cut import dependence

09-02-2026 10:40

In a tweet On X (formerly Twitter) Highlighting India’s vulnerability, Agarwal said the country currently imports about 90 percent of its oil and gas needs, making energy independence a critical national priority.

Vedanta Chairman Anil Agarwal calls for Oil & Gas exploration push to cut import dependence

09-02-2026 10:40

In a tweet On X (formerly Twitter) Highlighting India’s vulnerability, Agarwal said the country currently imports about 90 percent of its oil and gas needs, making energy independence a critical national priority.

India adopts phased tariff cuts up to 10 years while shielding sensitive farm sectors: Centre

09-02-2026 10:38 via timesofindia.indiatimes.com

India has adopted a phased tariff reduction approach for select products under the India-US trade deal, allowing duty elimination over 10 years for some items. Highly sensitive agricultural sectors, including meat, dairy, and certain fruits and pulses, remain fully protected. This strategy aims to boost Indian exports to the US while safeguarding domestic farmers.

How Budget 2026 promotes ease of compliance for taxpayers

09-02-2026 09:53 via timesofindia.indiatimes.com

In line with expectations, the new Income Tax Act 2025, which supersedes the long-standing Act of 1961, will now be effective from 1 April 2026. The new Act was drafted with a valiant attempt at simplification of provisions by reducing jargon and using layman language instead for easier comprehension.

New I-T tax related renumbering aims to simplify compliance for taxpayers

09-02-2026 09:41

The draft rules, released with new form templates, replace legacy form numbers that evolved over decades and will reduce ambiguity and duplication in filings for taxpayers, experts said.

Gold price today: How much 24K, 22K and 18K gold costs today? Check rates for your city

09-02-2026 09:30 via timesofindia.indiatimes.com

Gold experienced significant gains on Monday, reaching Rs 1.57 lakh per 10 grams. This surge was driven by a rebound in global markets, a weaker US dollar, and increased demand for safe-haven assets. Silver also saw substantial increases in futures trading, climbing nearly 5%.

RBI Rate Pause Jolts Bond Funds: Yields spike as rate-cut hopes fade; experts see volatility ahead

09-02-2026 09:29 via timesofindia.indiatimes.com

Long-duration and gilt categories saw their gains of the past three months wiped out in a single day. Market experts now believe that India’s rate-cutting cycle is over.

90-year-old man 'mis-sold' life insurance policy by Canara Bank branch manager; Rs 2 lakh pa premium, maturity date 2124

09-02-2026 09:26

An X post has claimed that Canara Bank branch manager sold the life insurance policy to a super-senior citizen with a premium of Rs 2 lakh per year with maturity date as 2124.

90-year-old man 'mis-sold' life insurance policy by Canara Bank branch manager; Rs 2 lakh pa premium, maturity date 2124

09-02-2026 09:26

An X post has claimed that Canara Bank branch manager sold the life insurance policy to a super-senior citizen with a premium of Rs 2 lakh per year with maturity date as 2124.

Liberty cannot be kept in limbo: Supreme court fixes timelines for bail and anticipatory bail applications

09-02-2026 09:04 via timesofindia.indiatimes.com

The Supreme Court pointed out that, although anticipatory bail under Section 438 CrPC is not a fundamental right but a statutory right, the delay in dispensing bail applications by the courts constitutes a direct implication of Article 21.

GDP growth at 6.4%! India will continue as fastest G-20 economy; banking sector to remain resilient in FY27

09-02-2026 08:46 via timesofindia.indiatimes.com

India is poised to lead G-20 economic growth, with real GDP projected to expand by 6.4% in fiscal 2026-27. Moody's anticipates a stable banking sector, supported by improving asset quality, strong capital, healthy profits, and ample liquidity. Despite challenges in deposit mobilization, government support will bolster public sector banks.

Ladki Bahin Yojana e-KYC correction deadline extended; check e-kyc new dates for monthly assistance of Rs 1,500

09-02-2026 08:22

Under Ladki Bahin Yojana, a monthly assistance of Rs 1,500 is given to eligible women in the state of Maharashtra.

Gold, silver price today: Gold recovers to Rs 1.58 lakh/kg; silver rises Rs 10,000 - top 10 things to know

09-02-2026 07:43 via timesofindia.indiatimes.com

Gold, silver price today: Gold and silver prices have rebounded on Monday after last week’s crash. The yellow metal and white metal are up both in international and domestic markets.

Gold, silver price today: Gold recovers to Rs 1.58 lakh/10 grams; silver rises Rs 10,000 - top 10 things to know

09-02-2026 07:43 via timesofindia.indiatimes.com

Gold, silver price today: Gold and silver prices have rebounded on Monday after last week’s crash. The yellow metal and white metal are up both in international and domestic markets.

Gold, silver prices jump as US dollar weakens; Gold at Rs 1,57,484 per 10 gram

09-02-2026 07:09

MCX gold February futures jumped 1.31 per cent to Rs 1,57,484 per 10 grams around 10.45 am on an intraday basis. Meanwhile MCX silver March futures climbed 4.81 per cent to Rs 2,61,900 per kg.

Tamil Nadu Govt staff who resign even on health ground won't get pension: Madras HC

09-02-2026 07:01

A few petitioners had approached the court and sought the quashing of the orders that rejected their pension claims.

Tamil Nadu Govt staff who resign even on health ground won't get pension: Madras HC

09-02-2026 07:01

A few petitioners had approached the court and sought the quashing of the orders that rejected their pension claims.

Top stocks to buy: Stock recommendations for the trading week starting February 9, 2026 - check list

09-02-2026 06:58 via timesofindia.indiatimes.com

Stock market recommendations: Motilal Oswal Financial Services Ltd recommends the top stock picks for the week starting February 9, 2026. These are: SAIL, and Ventive Hospitality. Here’s a detailed analysis:

Gold price prediction today: Will gold prices continue to be volatile in the near term? Check outlook

09-02-2026 06:49 via timesofindia.indiatimes.com

Gold price prediction today: Gold prices are likely to remain volatile this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. The expert shares his outlook for gold prices in the near term:

SBI shares soar! State Bank of India stock jumps nearly 7% today — Should you buy or sell?

09-02-2026 06:26 via timesofindia.indiatimes.com

State Bank of India's stock hit a record high following its strongest-ever quarterly profit, driven by robust loan growth and steady margins. The bank reported a significant jump in net profit, exceeding expectations. Analysts remain bullish, citing consistent performance, asset quality, and positive future outlook, with several brokerages reiterating 'Buy' ratings and raising price targets.

Domestic institutional investors surpass FIIs in Nifty50 stocks holding

09-02-2026 06:11

The data from Motilal Oswal Securities showed that as of the December 2025 quarter, domestic institutions held about 24.8 per cent of the Nifty50, marginally higher than foreign investors at around 24.3 per cent.

Why Aadhaar biometrics locking matters? How to do it in just few simple steps? Explained

09-02-2026 05:59

Aadhaar biometrics locking facility aims to strengthen privacy and confidentiality of Aadhaar number holder's Biometrics Data.

Rupee today: Currency rises 21 paise to 90.44 against US dollar

09-02-2026 05:55 via timesofindia.indiatimes.com

The Indian Rupee strengthened against the US dollar today. This rise followed positive global news and excitement over a new India-US trade agreement. The currency had opened lower but recovered as sentiment improved. The deal aims to boost trade between the two nations. Strong domestic stock markets also supported the Rupee.

Sensex, Nifty open in green over more clarity on India-US trade deal

09-02-2026 05:46

All sectoral indices traded in the green. Most notable gainers were PSU bank, up 2.45 per cent and metals, up 1.56 per cent.

Stock market today: Nifty50 opens above 25,800; BSE Sensex rallies over 500 points

09-02-2026 04:51 via timesofindia.indiatimes.com

Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened in green on Monday, rallying strongly on the back of India-US trade deal joint statement issued over the weekend, and US President Donald Trump’s executive order revoking 25% penal tariffs.

Stock market today: Nifty50 ends above 25,850; BSE Sensex rises over 480 points, crosses 84,000 mark

09-02-2026 04:51 via timesofindia.indiatimes.com

Stock market today:The 30-share BSE Sensex rose by 485.35 points, or 0.58 per cent, to finish at 84,065.75. During intraday trade, the index climbed as much as 734.28 points, or 0.87 per cent, touching a high of 84,314.68.

Minimum salary needed to live in Dubai: Single vs family cost of living in 2026 UAE emirate

09-02-2026 04:34 via timesofindia.indiatimes.com

Dubai offers a vibrant life but demands a significant income. How much money do single individuals need monthly for comfort? How much money do couples and families require given that rent, education and daily expenses are key cost drivers? Tax-free salaries are offset by high living costs, making careful budgeting crucial for a stress-free life in Dubai.

Asian stocks today: Markets inch higher tracking Wall Street's rally; Nikkei jumps 4%, HSI adds 460 points

09-02-2026 04:23 via timesofindia.indiatimes.com

Asian markets rallied, led by Tokyo, following Prime Minister Sanae Takaichi's election victory and hopes for greater political stability.Wall Street's strong performance also boosted sentiment, with Japan's Nikkei jumping significantly. Investors are optimistic about potential fiscal support and tax reductions, despite concerns over public debt.

Decoding Budget 2026-27: Delivering clarity, balance, and a long‑term vision

09-02-2026 04:19 via timesofindia.indiatimes.com

Overall, the Budget 2026–27 has been delivered with clarity, balance, and a long‑term vision. It successfully addresses expectations across sectors

Stocks to buy: What's the outlook for Nifty for February 9-13 week? Check list of top stock recommendations

09-02-2026 03:32 via timesofindia.indiatimes.com

Stock market recommendations: According to Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities, the top stock picks for the week are Bajaj Finance, and Larsen & Toubro. Here’s his view on Nifty, Bank Nifty for the week starting February 9, 2026: