Economy news

• Fertiliser ministry seeks doubling of Rs 1.71 lakh crore FY27 subsidy allocation

  09-06-2026 17:11 via timesofindia.indiatimes.com
  
  The Fertiliser Ministry is requesting a 100% increase in the subsidy budget for FY27, seeking to double it to Rs 1.71 lakh crore. This surge is driven by rising global fertiliser prices and import costs due to the West Asia conflict, potentially pushing the subsidy bill over Rs 3 lakh crore this fiscal.
  
  Read more

• ATF price stabilisation plan: Jet fuel prices rise 10% as oil retailers roll out scheme

  09-06-2026 16:59 via timesofindia.indiatimes.com
  
  Aviation turbine fuel prices rose by 10% as a government-backed price stabilization scheme locks in rates for airlines at Rs 115 per litre for up to three years. This voluntary scheme aims to shield carriers from global oil price volatility, with the government providing interest-free advances to oil companies if benchmark prices exceed Rs 86.32 per litre.
  
  Read more

• US stock markets today (June 9, 2026): AI stocks rebound, easing oil prices lift Wall Street

  09-06-2026 16:05 via timesofindia.indiatimes.com
  
  Indian markets saw a positive trend as US stocks rallied, driven by a strong comeback in AI-linked technology shares. Lower oil prices provided further relief, boosting airline stocks and easing bond market pressure. Investors are now keenly awaiting crucial US inflation data, with expectations of a potential Federal Reserve rate hike later this year.
  
  Read more

• AI sell-off deepens as tech stocks drag Wall Street lower despite oil relief

  09-06-2026 16:05 via timesofindia.indiatimes.com
  
  Indian markets saw a positive trend as US stocks rallied, driven by a strong comeback in AI-linked technology shares. Lower oil prices provided further relief, boosting airline stocks and easing bond market pressure. Investors are now keenly awaiting crucial US inflation data, with expectations of a potential Federal Reserve rate hike later this year.
  
  Read more

• Advertisement

• BRICS agriculture meet begins in Indore; food security, climate-smart farming on agenda

  09-06-2026 15:41 via timesofindia.indiatimes.com
  
  A five-day BRICS meeting commenced in Indore, focusing on food security, climate-resilient agriculture, and farmer welfare. Officials are deliberating on enhancing cooperation and jointly addressing challenges like climate change's impact and agricultural financing. The discussions aim to boost trade and technology exchange among member nations.
  
  Read more

• Oil shock to inflation risk: How the Iran war is reshaping India's economic outlook

  09-06-2026 15:19 via timesofindia.indiatimes.com
  
  India's economic outlook is darkening due to rising oil prices, fertilizer costs, and supply disruptions from the Iran conflict. Economists warn of escalating inflation, slower growth, and strained government finances. The nation, heavily reliant on oil imports, faces significant economic challenges as global energy prices surge, impacting its balance of payments and fiscal health.
  
  Read more

• Russian crude here to stay? Why India-US energy ties may be more about LPG, LNG than oil despite Trump’s push

  09-06-2026 14:36 via timesofindia.indiatimes.com
  
  Geopolitical developments in the last few months have dictated India’s energy supplies. Be it crude oil, LPG or LNG, India is largely dependent on the world to meet its needs, and the US-Iran war has disrupted supplies via the Strait of Hormuz.
  
  Read more

• 'GDP momentum intact, no need for extra borrowing': Centre plays down impact of Middle East crisis

  09-06-2026 14:04 via timesofindia.indiatimes.com
  
  Despite global economic headwinds from the Middle East crisis, India's government remains optimistic about growth, citing strong domestic consumption and intact GDP momentum. Officials confirm no immediate need for extra borrowing, with fiscal targets holding firm.Disinvestment plans are progressing, and further FDI measures are anticipated.
  
  Read more

• Advertisement

• SpaceX IPO: Elon Musk's firm sees massive oversubscription as institutional orders top $10 billion

  09-06-2026 13:27 via timesofindia.indiatimes.com
  
  SpaceX's IPO has garnered over $10 billion in institutional orders, signaling immense demand for what could be the largest public offering in history. The company is set to price its shares at $135, aiming to raise $75 billion and achieve a $1.8 trillion valuation. Retail investors can still participate in the heavily oversubscribed offering.
  
  Read more

• China's exports jump 19.4 per cent in May, driven by tech and EV demand

  09-06-2026 12:18 via timesofindia.indiatimes.com
  
  China's exports surged 19.4% in May, exceeding forecasts, driven by robust demand for semiconductors and electric vehicles. Shipments to the US saw a significant rebound, growing over 35%. This strong trade performance is expected to support China's economic growth targets for the year.
  
  Read more

• Coal market reform: Government notifies rules for setting up coal exchanges

  09-06-2026 12:16 via timesofindia.indiatimes.com
  
  The government has notified rules for setting up coal exchanges to improve price discovery and transparency in the coal market. These exchanges will facilitate market-driven trading, offering commercial and captive miners wider buyer access. This initiative aims to modernize the coal supply chain and enhance energy security.
  
  Read more

• Strait of Hormuz closure: Why high oil prices may be a temporary shock only - explained

  09-06-2026 10:39 via timesofindia.indiatimes.com
  
  “Oil prices will be lower if Hormuz reopens earlier. Uncertainty remains high regarding the timing of Hormuz reopening, and oil prices will remain volatile as a result,” Fitch says.
  
  Read more

• Fitch trims India's growth forecast to 6.4% as Middle East turmoil clouds outlook

  09-06-2026 10:12 via timesofindia.indiatimes.com
  
  Fitch Ratings has lowered India's FY27 GDP forecast to 6.4% due to rising costs from Middle East conflict impacting consumer spending. While domestic demand remains a driver, higher prices are expected to reduce purchasing power, with the most visible impact in Q2 and Q3 of FY27.
  
  Read more

• ITR filing FY 2025-26: What is Form 16 and where do you get it from? Top things salaried taxpayers should know

  09-06-2026 08:40 via timesofindia.indiatimes.com
  
  Apart from Form 16, other important documents that you should keep handy are Form 26AS, Annual Information Statement (AIS), bank account interest earnings, any investment related documents etc.
  
  Read more

• Zoji La tunnel's major 'breakthrough' milestone! World's longest bi-directional road tunnel at high altitude an engineering marvel; stunning pics

  09-06-2026 08:37 via timesofindia.indiatimes.com
  
  The tunnel, a key strategic project that will ensure year-round connectivity between Kashmir and Ladakh, is set to reach a major milestone on Tuesday with the scheduled "breakthrough" blast.
  
  Read more

• More measures on gold coming? Finance Ministry asks banks for information on gold metal loans

  09-06-2026 08:26 via timesofindia.indiatimes.com
  
  Despite a lower import volume of 721 tonnes compared with the previous year, India's gold import bill rose 24% to a record $71.9 billion in 2025-26.
  
  Read more

• Rupee rebounds 20 paise to 95.41 against US dollar

  09-06-2026 07:48 via timesofindia.indiatimes.com
  
  The Indian rupee strengthened by 20 paise against the US dollar in early trade on Tuesday, opening at 95.47. This gain was attributed to easing oil prices, a weaker US dollar index, and a de-escalation of tensions between Israel and Iran. Domestic equity markets also traded higher, reflecting positive sentiment.
  
  Read more

• SpiceJet's cash crunch deepens: Many pilots unpaid since March, airline seeks emergency loan

  09-06-2026 07:36 via timesofindia.indiatimes.com
  
  SpiceJet pilots and employees are still awaiting salaries owed since March, as the airline seeks an emergency government-backed loan. Internal messages reveal significant financial strain, with employees struggling to manage daily expenses. The airline acknowledges payment delays, attributing them to operational challenges and the Middle East crisis.
  
  Read more

• Gold price prediction today: Gold falls to nearly 11-week low before recovering; check June 9, 2026 outlook

  09-06-2026 07:17 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices continue to be under pressure as crude oil prices remain high, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
  
  Read more

• Commercial LPG shortage impact: IRCTC forced to resume cooking onboard trains; deploys induction stoves

  09-06-2026 05:41 via timesofindia.indiatimes.com
  
  To maintain catering services across 1,400 trains serving around 1.7 million meals daily, the railway catering arm has begun preparing food inside Linke Hofmann Busch (LHB) pantry cars using electricity.
  
  Read more

• Oil prices ease as Iran and Israel pause attacks; Brent, WTI retreat from recent highs

  09-06-2026 05:20 via timesofindia.indiatimes.com
  
  Oil prices dipped Tuesday as Iran and Israel paused attacks, easing immediate supply disruption fears. This followed a sharp rise on Monday amid renewed Middle East tensions. Despite the de-escalation, concerns linger over the Strait of Hormuz and Houthi actions impacting Red Sea shipping. OPEC+ agreed to boost output, but analysts doubt its effectiveness due to production struggles.
  
  Read more

• Top stocks to buy or sell today: Stock market recommendations for June 9, 2026 - check list

  09-06-2026 05:01 via timesofindia.indiatimes.com
  
  Stock market recommendations: Kalyan Jewellers India, and Interglobe Aviation (IndiGo) are sell calls by Somil Mehta, Head of Retail Research at Mirae Asset ShareKhan for June 9, 2026. He recommends buying Fortis Healthcare.
  
  Read more

• OpenAI IPO: ChatGPT maker files paperwork, set to hit Wall Street soon

  09-06-2026 04:10 via timesofindia.indiatimes.com
  
  AI giant OpenAI has confidentially filed paperwork for an initial public offering (IPO) with the SEC, signaling a potential Wall Street debut. While details remain undisclosed, the move aligns with a wave of anticipated tech listings, offering investors a chance to buy into leading AI firms.
  
  Read more

Follow @India_Economy_ on Twitter!