Economy news

• Amrit Bharat 3.0: AC coaches with Vande Bharat-style features for common man soon. Why it matters

  22-08-2026 15:54 via timesofindia.indiatimes.com
  
  Introduced in 2023, over 60-plus Amrit Bharat trains run across the Indian Railways network. The fares are around Rs 500 per 1,000 kilometres for sleeper class travel - the aim clearly being affordability.
  
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• NBFCs stay on growth track as asset quality remains stable: Report

  22-08-2026 11:46 via timesofindia.indiatimes.com
  
  Non-banking financial companies anticipate steady growth ahead. Credit demand remains robust despite global geopolitical uncertainties. NBFC earnings showed strong growth in the first quarter of FY27. Vehicle financiers experienced accelerated asset under management growth. Gold financiers saw moderated growth and yield pressures.
  
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• 29 states vs Meta: How a landmark child safety trial could reshape Facebook, Insta

  22-08-2026 10:03 via timesofindia.indiatimes.com
  
  Twenty-nine US states are suing Meta, alleging exploitative product design targeting young users. The lawsuit claims Meta concealed internal research about potential harms to teenagers. States seek substantial financial penalties and court-ordered product redesigns for Facebook and Instagram. A former Meta engineer will testify as a key witness in the ongoing trial. This case could significantly influence future social media platform regulations globally.
  
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• US-Canada trade standoff: 50% tariff kicks in as Ottawa vows 'dollar-for-dollar' response

  22-08-2026 07:40 via timesofindia.indiatimes.com
  
  Trade negotiations between the United States and Canada fell apart after a three-day face-off. Canada called a halt to discussions, criticizing the US for presenting proposals that were both unfair and detrimental. In a dramatic move, the US introduced hefty tariffs on Canadian goods, prompting Canada to respond with an equal retaliatory measure. This failure to reach an agreement casts uncertainty over North American trade relations moving forward.
  
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• 'Unfair': Canada suspends trade talks with US, PM Carney says will match tariffs 'dollar for dollar'

  22-08-2026 05:51 via timesofindia.indiatimes.com
  
  In response to unfair trade terms imposed by the United States, Canada has decided to suspend its trade negotiations. With significant tariffs on Canadian imports set to take effect at midnight, Prime Minister Carney announced that Canada will retaliate with equivalent tariffs. Negotiators are being recalled to Ottawa, reflecting the uncertainty in discussions as Canada now shifts its focus towards boosting domestic economic growth and seeking new international trade opportunities.
  
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• US Navy aircraft transits Taiwan Strait before planned Xi-Trump meeting

  22-08-2026 04:41 via timesofindia.indiatimes.com
  
  In a groundbreaking move, China has launched an extensive automotive recall, impacting 4.3 million vehicles across multiple manufacturers including Tesla. Safety regulators have raised alarms about the potential difficulty occupants may face in opening doors during emergency situations. Tesla is responsible for almost three million of these recalls, focusing on solutions such as software enhancements and additional warning labels.
  
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• Apple expected to expand manufacturing beyond iPhones: Govt

  22-08-2026 00:14 via timesofindia.indiatimes.com
  
  Google May Shift Share Of Production From China To India
  
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• PSBs losing share in high-value business: Report

  22-08-2026 00:02 via timesofindia.indiatimes.com
  
  Falling Behind Private & Foreign Banks In Credit Cards, Getting Contracts From GCCs
  
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