Economy news

• US airstrikes: Iran is rushing its oil exports out as conflict resumes, but who will buy?

  09-07-2026 18:02 via timesofindia.indiatimes.com
  
  The 11 million barrels shipped over the past day are roughly equal to Iran's pre-war crude exports for an entire week. It remains uncertain, however, whether buyers will be available for those cargoes.
  
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• Strait of Hormuz toll proposal: What are the key waterways in the world & is there a fee to transit them?

  09-07-2026 16:34 via timesofindia.indiatimes.com
  
  The possibility of imposing transit charges in the Strait of Hormuz has drawn fresh attention to the dependence of global supply chains on a small number of strategically important waterways.
  
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• Nilekani’s Fundamentum launches Rs 2,200 crore Fund III

  09-07-2026 16:12 via timesofindia.indiatimes.com
  
  Fundamentum Partnership has launched its third fund with a Rs 2,200 crore target corpus. Nandan Nilekani anchors this fund, marking his largest venture capital commitment. The firm focuses on Series B investments in Indian technology companies ready for scaling. Fundamentum will invest Rs 100-150 crore in eight to ten portfolio companies. This new fund prioritizes consumer technology, fintech, and AI-native businesses.
  
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• Stationary vehicle does not escape liability if improperly parked; Calcutta High Court enhances compensation for deceased homemaker

  09-07-2026 15:58 via timesofindia.indiatimes.com
  
  Justice Biswaroop Chowdhury partly allowed an appeal filed by Bajaj Allianz General Insurance Company Limited and enhanced compensation payable for the death of a homemaker from Rs.9.17 lakh to Rs.11 lakh, while dismissing the insurer's challenge to a separate award of Rs.2.10 crore granted for the death of her husband in the same accident.
  
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• US stock market today: Wall Street, oil prices steady after sharp swings yesterday

  09-07-2026 15:43 via timesofindia.indiatimes.com
  
  Before the Iran war began, Brent was trading near $72 per barrel. More recently, optimism surrounding an interim peace agreement had pushed prices back to roughly their pre-war levels.
  
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• TCS Q1 FY27 results: Tata Consultancy Services reports 5% y-o-y increase in net profit to Rs 13,349 crore

  09-07-2026 12:53 via timesofindia.indiatimes.com
  
  TCS said its annualised AI revenue run rate reached $2.6 billion in the first quarter of FY27, reflecting a 13.6% sequential increase. The company added that it won multiple AI-focused contracts spanning IT operations, software engineering.
  
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• ITR filing FY 2025-26: What Part A and Part B of Form 16 tell salaried taxpayers - explained

  09-07-2026 12:32 via timesofindia.indiatimes.com
  
  ITR filing FY 2025-26: The deadline to file ITR for salaried taxpayers is July 31, 2026. In case you are confused about what details your Form 16 has and what are the top things to check in it, we have you covered.
  
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• New EPF Scheme 2026: 10 questions employees are asking about contributions, withdrawals and retirement savings

  09-07-2026 11:32 via timesofindia.indiatimes.com
  
  EPF Scheme 2026: The good news is that many core features of the provident fund system remain familiar. Existing PF accounts continue, contribution rates broadly remain unchanged and accumulated balances remain protected.
  
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• Silent layoffs: Around 35,000 tech jobs may be eliminated this year; India’s IT sector sees AI shift

  09-07-2026 10:32 via timesofindia.indiatimes.com
  
  The latest trend reflects a new phase in the restructuring of India's IT services industry, which is valued at over $315 billion. Companies are continuing to rationalise the workforce built up during the pandemic hiring surge after grappling with weaker business conditions over the past three years.
  
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• Gold rush: India’s holdings of US Treasuries fall to near 6-year low; points to shift in RBI strategy

  09-07-2026 08:51 via timesofindia.indiatimes.com
  
  The strategic importance of gold came into sharper focus in 2022 after Western sanctions led to the freezing of a substantial portion of Russia's foreign exchange reserves. The episode underscored gold's value as a reserve asset.
  
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• India-Australia-Canada form tech triangle: New pact to boost AI, critical minerals and supply chains

  09-07-2026 08:23 via timesofindia.indiatimes.com
  
  India, Australia, and Canada will enhance technology and innovation cooperation through a new partnership. This pact aims to boost collaboration in critical and emerging technologies for mutual benefit. The agreement will focus on green energy, resilient supply chains, and critical minerals development. Leaders also discussed deepening defense, security, and economic ties between India and Australia. Future meetings will advance these collaborative efforts and explore new areas of partnership.
  
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• India flags inconsistencies in US approach to Section 301 forced labour law, points to selective exemptions

  09-07-2026 07:21 via timesofindia.indiatimes.com
  
  India questions US plans for new tariffs linked to alleged forced labor practices. New Delhi argues the US approach contains inconsistencies and prefers bilateral trade negotiations. Proposed tariffs could increase costs for Indian exporters and American consumers alike. India maintains its constitutional framework prevents forced labor and refutes US claims. The US Trade Representative is considering additional tariffs on imports from sixty economies.
  
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• India-Australia ties: Early trade pact, $500 million investment, clean energy and more —Top highlights from PM Modi's visit

  09-07-2026 05:45 via timesofindia.indiatimes.com
  
  India and Australia are strengthening economic ties and bilateral cooperation. Prime Minister Modi invited Australian businesses to invest in India's expanding economy. AustralianSuper announced a significant new investment in India's infrastructure fund. Discussions covered opportunities in clean energy, critical minerals, and technology sectors. Both nations aim to expand cooperation in trade and emerging sectors.
  
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• Crude nears $80 a barrel again after Trump declares US-Iran ceasefire ‘over’

  09-07-2026 04:20 via timesofindia.indiatimes.com
  
  Global oil markets are experiencing renewed chaos as crude prices surged significantly. US President Donald Trump declared the ceasefire agreement with Iran was over. Fresh US military strikes on Iranian targets heightened fears of supply disruptions. Maritime authorities raised the threat level for vessels transiting the strait. The rise in oil prices renews concerns over inflation and potential interest rate hikes.
  
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• Startup IPO Valuation Pushback: Investors resist lofty pricing; Zepto, PhonePe rethink plans

  09-07-2026 02:16 via timesofindia.indiatimes.com
  
  Investors Get Selective About Valuations, May Affect Cos In Line For Listing This Year
  
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