Economy news

• Fitch retains India’s credit rating at BBB-, sees strong economy; warns of fiscal risks due to protests

  11-08-2026 17:59 via timesofindia.indiatimes.com
  
  The ratings agency said the Indian economy continues to demonstrate resilience despite the energy shock arising from the conflict in West Asia, supported by a strong growth outlook and sound external financing fundamentals.
  
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• Direct tax collections rise sharply to Rs 8.11 lakh crore; non-corporate taxes lead

  11-08-2026 17:29 via timesofindia.indiatimes.com
  
  India's direct tax collections have surged impressively, seeing an increase of over twenty-three percent. As of August 10, gross direct tax collections reached a staggering Rs 9.55 lakh crore. The bulk of these collections stemmed from non-corporate tax receipts, while both corporate tax collections and Securities Transaction Tax experienced notable year-on-year growth. Nevertheless, government-issued refunds only saw a slight uptick during this period.
  
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• US stock market today: Wall Street near record high as inflation data in focus; oil prices swing

  11-08-2026 16:15 via timesofindia.indiatimes.com
  
  Investors are now focused on Wednesday's release of the latest US inflation data. Economists expect the report to show that inflation remained elevated in July but eased slightly to 3.4% from 3.5% in June.
  
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• What is MDR that is being proposed for UPI transactions, who pays the final cost? Explained

  11-08-2026 15:25 via timesofindia.indiatimes.com
  
  The government has clarified that UPI will continue to remain free for consumers and no transaction charges will be applicable to person-to-person payments. The government has also said that if an MDR is introduced in the future it will only be applicable to a limited category of merchant transactions.
  
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• Relief for Adani group: US court permanently dismisses criminal case; what Gautam Adani said

  11-08-2026 13:37 via timesofindia.indiatimes.com
  
  Responding to the ruling, Gautam Adani said, "Truth has prevailed," adding that he respected the judicial process and expressed gratitude to those who had supported the Adani Group during the proceedings. He also reaffirmed the conglomerate's commitment to "nation-building" and "long-term value creation."
  
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• RBI guv asks banks to build human oversight, says blaming technology is 'unacceptable'

  11-08-2026 13:36 via timesofindia.indiatimes.com
  
  Reserve Bank governor Sanjay Malhotra stressed human accountability for AI decisions. Banks must ensure technology supports human judgment, not replaces it entirely. Meaningful human oversight is crucial from the AI design stage. Cyber security and model bias present significant risks for lenders. Banks must maintain an inventory of AI models and governance policies.
  
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• Rs 10, Rs 20 polymer notes get field-trial nod: What will change from paper currency?

  11-08-2026 12:27 via timesofindia.indiatimes.com
  
  India is preparing to roll out polymer banknotes for initial trials shortly. The Reserve Bank of India plans to launch one billion pieces each of Rs 10 and Rs 20 denominations. These innovative polymer notes will coexist with current paper currency, with the goal of improving the longevity of lower denomination notes. Additionally, parliament discussions included topics on inflation and taxation strategies.
  
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• India’s oil imports from Russia hit new record; refineries big exporters to countries sanctioning Moscow

  11-08-2026 12:20 via timesofindia.indiatimes.com
  
  The US sanctions waiver on Russian crude has expired and a fresh tariff threat of up to 100% looms as the Trump administration pushes for a Russia sanctions bill that gives the American president powers to impose tariffs on biggest oil importers from Moscow.
  
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• Gold price prediction today: Should you chase rally or buy gold on dips? Check August 11, 2026 outlook

  11-08-2026 08:14 via timesofindia.indiatimes.com
  
  Gold prices may not be that much sensitive to higher oil prices as has been the case in the last few months unless oil surges sharply higher. However, as the Middle East situation remains volatile, gains in gold could be limited unless oil falls. Buying the dips is preferred over chasing the rally.
  
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• Rupee slips 8 paise against US dollar as crude prices continue to rise

  11-08-2026 07:45 via timesofindia.indiatimes.com
  
  On Tuesday, the Indian rupee began its day lower against the US dollar, reflecting a sense of caution in global markets due to concerns over the ongoing West Asia crisis. The rise in crude oil prices, combined with declines in domestic equity markets, has further pressured the rupee. However, support came from foreign institutional investor inflows and intervention from the RBI, with the rupee trading at 95.
  
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• $500 bn AI boom: Nvidia, Wall Street giants join hands for chip, data centre push

  11-08-2026 06:11 via timesofindia.indiatimes.com
  
  Nvidia has joined forces with six prominent financial institutions to enhance AI infrastructure funding. The collaboration will see these firms create platforms aimed at financing companies that purchase Nvidia hardware. The goal is to harness over $500 billion in external capital, positioning AI chips as a fresh asset class that encourages the growth of AI technology and data centers.
  
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• Trump Media Q2 results: US president-led media venture posts $238 m loss

  11-08-2026 04:38 via timesofindia.indiatimes.com
  
  In the second quarter, Trump Media faced a dramatic loss of $238 million despite seeing its revenue more than double. However, operating losses expanded significantly, prompting the company to abandon new ventures like online betting and cryptocurrency. Their focus has shifted to the Truth API service, aimed at trading firms, while a nuclear fusion project with TAE Technologies remains on track.
  
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• Trump Media Q2 results: US president led media ventrue posts $238 million loss as crypto holdings tumble

  11-08-2026 04:38 via timesofindia.indiatimes.com
  
  In the second quarter, Trump Media faced a dramatic loss of $238 million despite seeing its revenue more than double. However, operating losses expanded significantly, prompting the company to abandon new ventures like online betting and cryptocurrency. Their focus has shifted to the Truth API service, aimed at trading firms, while a nuclear fusion project with TAE Technologies remains on track.
  
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• Top stocks to buy today: Stock market recommendations for August 11, 2026 - check list

  11-08-2026 04:37 via timesofindia.indiatimes.com
  
  Mazagon Dock Shipbuilders, ICICI Lombard General Insurance, JSW Energy, and DLF - Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan has identified these as the top stocks
  
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• Oil prices hold near one-week high as Strait of Hormuz reopening remains in limbo

  11-08-2026 04:03 via timesofindia.indiatimes.com
  
  Oil prices are hovering near recent highs as prospects for a US-Iran agreement fade. On Tuesday morning, both WTI and Brent crude benchmarks experienced slight upticks. The situation is complicated by US demands for compensation, hindering the potential reopening of the crucial Strait of Hormuz. Iran insists that sanctions must be lifted for the vital waterway to function, amidst ongoing geopolitical tensions that are influencing market volatility and supply issues.
  
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