Economy news

• Iran blacklists 45 tankers over Strait of Hormuz rules amid fresh US sanctions threat

  24-08-2026 18:10 via timesofindia.indiatimes.com
  
  Iran has blacklisted 45 tankers for breaching its navigation regulations in the Strait of Hormuz. The repercussions for vessels engaging in ship-to-ship transfers with these tankers could be dire, including hefty fines and detentions. This move intensifies the existing tensions in the vital waterway amid rising conflicts and sanctions, as the Persian Gulf Strait Authority warns of strict enforcement in light of threats from the United States.
  
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• Infosys pays average 70% bonus for first quarter; employees await clarity on salary hikes

  24-08-2026 16:54 via timesofindia.indiatimes.com
  
  Infosys reported a 12% year-on-year rise in consolidated net profit to Rs 7,769 crore for the April-June quarter last month, even as it reduced its revenue growth guidance for the full year.
  
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• US stock market today: Wall Street subdued ahead of key earnings; bond market in focus

  24-08-2026 16:19 via timesofindia.indiatimes.com
  
  On Monday, the yield on the 10-year Treasury fell to 4.70%, from 4.74% late Friday. It was also back below its level from late Tuesday, before the US Treasury Department unveiled its unexpected buyback announcement.
  
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• UPI instant payments network grows from 1.78 cr annual transactions to 24,162 crore

  24-08-2026 13:28 via timesofindia.indiatimes.com
  
  India's Unified Payments Interface (UPI) is currently facilitating an impressive 66 crore transactions each day. Since 2016, the growth in its transaction volume has skyrocketed by an astounding 13,000 times. UPI has established itself as a foundational component of India's digital public infrastructure and has been recognized by the International Monetary Fund as the leading real-time payment system globally.
  
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• No relief for Rial: Iranian currency sinks to record low as US works on new sanctions

  24-08-2026 12:43 via timesofindia.indiatimes.com
  
  Iran's rial reached a record low as the United States prepared new economic sanctions.Existing restrictions and a naval blockade have already severely impacted Iran's economy.The currency's decline has not yielded concessions from the US President.Iran and Oman are reportedly nearing an agreement on managing the Strait of Hormuz.The United Arab Emirates suspended all trade with Iran following discussions with the US.
  
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• 'No sugar shortage': ISMA says India has enough stocks, expects prices to cool down soon

  24-08-2026 12:30 via timesofindia.indiatimes.com
  
  Industry representatives from India's sugar sector have assured that there is no shortage of sugar in the domestic market. The surge in retail prices is attributed to stockpiling speculation and adverse weather impacting production. To mitigate this, the government is facilitating duty-free sugar imports, particularly from Brazil, with some raw sugar expected to arrive before mid-October. Current domestic supplies are predicted to meet future demands adequately.
  
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• ‘Most expensive in years’: Iran war, Hormuz closure forces India to pay high prices for LNG

  24-08-2026 11:20 via timesofindia.indiatimes.com
  
  State-backed energy companies are increasingly going to the spot LNG market and bidding up prices as the government seeks to support fertilizer producers that use natural gas.
  
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• 81-year-old mother allegedly forced to leave house: SC restores son's eviction under Senior Citizens Act

  24-08-2026 09:32 via timesofindia.indiatimes.com
  
  A Bench of Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe set aside the Allahabad High Court's orders holding that authorities under the 2007 Act had no power to order eviction.
  
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• ‘75% global trade will be covered’: India negotiating trade deals with 8-9 more groups of countries

  24-08-2026 09:19 via timesofindia.indiatimes.com
  
  Speaking to business representatives from India and Japan, Goyal said India has a sizeable domestic market while also opening itself to the global economy through nine free trade agreements signed over the past four years.
  
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• Stocks to buy: What's the outlook for Nifty for August 24-August 28 week? Check list of top stock recommendations

  24-08-2026 08:48 via timesofindia.indiatimes.com
  
  Stock market recommendations: Viyash Scientific, and AU Small Finance Bank - have been picked as the top stocks to buy on August 24, 2026 by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.
  
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• Gold price prediction today: Worst of gold price dips over? Check outlook for August 24, 2026 week

  24-08-2026 08:29 via timesofindia.indiatimes.com
  
  Gold price prediction today: Looking ahead, market participants will closely monitor further developments in US Treasury operations, fiscal policy discussions, and upcoming economic data releases, which are expected to remain key drivers for gold prices in the near term.
  
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• Rupee climbs to 95.64 against US dollar; Iran sanctions, crude prices in focus

  24-08-2026 06:30 via timesofindia.indiatimes.com
  
  The rupee began the trading day on a stronger note against the US dollar, appreciating by seven paise to 95.64. Nonetheless, concerns over geopolitical tensions and steady demand from importers curbed significant gains. Compounded by elevated Brent crude prices, the rupee traded cautiously. Investors are particularly attentive to anticipated sanctions impacting Iran's oil sector. Notably, India's foreign exchange reserves saw a remarkable rise in the latest reporting week.
  
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• KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook

  24-08-2026 06:06 via timesofindia.indiatimes.com
  
  KPMG Australia is set to cut around five percent of its workforce, a move triggered by a scandal involving breach of client confidentiality. The firm projects a challenging economic landscape lasting until 2028. Revenue has dipped by one percent, with a striking decline in consulting services. This restructuring is part of KPMG's efforts to streamline operations while under government investigation.
  
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• Weekly Stock Buys: Motilal Oswal Wealth backs Crompton Greaves, ICICI Prudential AMC; upside up to 35%

  24-08-2026 04:40 via timesofindia.indiatimes.com
  
  Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026:
  
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• Top stocks to buy: Stock recommendations for August 24, 2026 week - check list

  24-08-2026 04:40 via timesofindia.indiatimes.com
  
  Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026:
  
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• Oil prices slip over $1 as US weighs ‘D-Day’ Iran sanctions; Strait of Hormuz shipping risks in focus

  24-08-2026 03:59 via timesofindia.indiatimes.com
  
  In the lead-up to impending US sanctions on Iran, oil prices fell as investors capitalized on recent gains. As Washington prepares to unveil its most stringent measures Monday, the potential for disruptions in Middle Eastern oil supply looms large. Iran's rejection of these sanctions, coupled with its threat to cut oil exports from the Gulf, adds a layer of uncertainty to global energy markets that stakeholders are closely monitoring.
  
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• Cost pressure: Carmakers see strong sales but lower profits

  24-08-2026 01:11 via timesofindia.indiatimes.com
  
  Rising Commodity Prices, Adverse Forex Movements Take Toll
  
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