Economy news

• Merchant charges for UPI soon? LS passes bill authorising govt to allow banks to levy fees - top facts

  06-08-2026 16:40 via timesofindia.indiatimes.com
  
  This empowers the government to allow banks and other payment service providers to impose charges on transactions conducted through the unified payments interface (UPI) and other electronic payment modes that may be notified.
  
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• US stock market today: Wall Street mixed as earnings reports drive key indices

  06-08-2026 16:25 via timesofindia.indiatimes.com
  
  The S&P 500 gained 0.2%, remaining close to the record high it reached on Tuesday. By 9:53 a.m. Eastern time, the Dow Jones Industrial Average was down 21 points, or less than 0.1%, while also trading near its all-time high. The Nasdaq composite advanced 0.2%.
  
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• Crèche benefits under India’s Labour Codes: What employers and working parents need to know

  06-08-2026 15:11 via timesofindia.indiatimes.com
  
  While the requirement to provide a crèche is not new for many employers, the Labour Codes introduce a more comprehensive framework governing how such benefits may be provided, administered and accessed by employees.
  
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• India eyes LNG import alternatives: Cabinet approves Rs 23,731 cr GOBARdhan scheme for compressed bio-gas

  06-08-2026 12:54 via timesofindia.indiatimes.com
  
  GOBARdhan or the Galvanizing Organic Bio- Agro Resources Dhan scheme aims to push for the production of compressed bio-gas. The scheme has six pillars: assured offtake, price stability, capex support, pipeline infra development, credit guarantee, and challenge fund for innovation.
  
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• Taxation bill to promote electronic manufacturing clears LS; allows provision for MDR on UPI transactions

  06-08-2026 12:13 via timesofindia.indiatimes.com
  
  Under the proposed changes, the Central government would be empowered to specify, through a notification, the electronic payment modes or transactions that must continue to remain free of charges.
  
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• 100% tariffs: Why India may ignore Trump threat to continue buying Russian crude oil

  06-08-2026 10:06 via timesofindia.indiatimes.com
  
  A year since the whole penal tariff cycle began - India now faces uncertainty related to its Russian crude purchases. A new Russia related sanctions bill in the US may see the light of the day if passed this year implying that Trump would have the power to impose tariffs on India again.
  
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• 100% tariffs: Why India may ignore Trump threat and continue buying Russian crude oil

  06-08-2026 10:06 via timesofindia.indiatimes.com
  
  A year since the whole penal tariff cycle began - India now faces uncertainty related to its Russian crude purchases. A new Russia related sanctions bill in the US may see the light of the day if passed this year implying that Trump would have the power to impose tariffs on India again.
  
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• Trump administration refunds $100 billion in tariffs struck down by US Supreme Court

  06-08-2026 09:58 via timesofindia.indiatimes.com
  
  In a significant move, the Trump administration has reimbursed nearly one hundred billion dollars in tariffs after the Supreme Court ruled against wide-ranging duties. By July, around sixty percent of these tariffs were refunded to importers. The court's decision emphasized that the existing law did not provide blanket authority for imposing tariffs. Moving forward, Trump is leveraging alternative legal channels to impose new tariffs.
  
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• Gold, silver price prediction: Is gold, silver price rise sustainable? Check outlook on August 6, 2026

  06-08-2026 08:27 via timesofindia.indiatimes.com
  
  MCX Gold has breached from its consolidation and is heading toward the recent swing highs, pointing to an intermediate bullish move underway. Silver has stepped out of its consolidation and is now aligning with the base trend, a near-term recovery looks well on the cards. Much like gold’s positive trend, silver is expected to hold its positive bias and push higher from current levels.
  
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• Oil prices today: Crude slips as Iran-Oman talks fuel hopes of peace deal, Hormuz reopening

  06-08-2026 05:00 via timesofindia.indiatimes.com
  
  Oil prices edged lower as investors assessed Iran-Oman talks for peace. Brent crude futures fell, and US West Texas Intermediate also declined. Market sentiment focused on diplomatic efforts to resolve tensions between Tehran and Washington. Fresh US inventory data showed crude oil stockpiles increased significantly. Geopolitical risks remain elevated with warnings of retaliatory attacks.
  
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• Top stocks to buy today: Stock recommendations for August 6, 2026 - check list

  06-08-2026 04:55 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Ambuja Cements, Asahi India Glass, and Pfizer - these stocks have been identified as the top buy calls for August 6, 2026 by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management. The expert has also shared outlook on Nifty50 and Bank Nifty:
  
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• Government mops up 31.5k cr from LIC share sale

  06-08-2026 03:26 via timesofindia.indiatimes.com
  
  The government has successfully divested a 6.5% stake in LIC, generating an impressive Rs 31,552 crore. The strong demand during the offer for sale led to shares being priced at Rs 383.69 each. This monumental fundraising achievement marks the largest public offering in the history of the Indian stock market. Following this divestment, public shareholding in LIC has reached 10%, showing a significant advance ahead of the expected timeline.
  
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