Economy news

• India's forex reserves hit all-time high of $729.33bn after $12.42bn jump

  28-08-2026 18:00 via timesofindia.indiatimes.com
  
  India's foreign exchange reserves reached an all-time high of $729.328 billion. This surge marks eight consecutive weeks of significant increases in reserves. Foreign currency assets and gold holdings were the primary drivers of this substantial rise. Measures to attract overseas dollar inflows contributed to the record accumulation of reserves. The Reserve Bank of India's interventions also played a role in managing these inflows.
  
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• IndiGo Ventures invests in Sarvam to enhance Artificial Intelligence in aviation

  28-08-2026 17:10 via timesofindia.indiatimes.com
  
  IndiGo Ventures is investing in Sarvam, an Indian AI company. This investment supports Sarvam's Series B funding round. The partnership aims to enhance customer experience and operational workflows. Both companies will develop AI applications for a modern airline infrastructure. This collaboration seeks to accelerate innovation and maximize stakeholder value.
  
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• Why India and China are betting on the Northern Sea Route & why it matters

  28-08-2026 15:58 via timesofindia.indiatimes.com
  
  India’s interest in the Northern Sea Route is being shaped by two factors: its commercial potential and the need to broaden trade connectivity. The NSR also offers a clear geographical advantage on certain Asia-Europe trade lanes.
  
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• From Suez to Russia’s Arctic: Why India, China are betting on Northern Sea Route & why it matters

  28-08-2026 15:58 via timesofindia.indiatimes.com
  
  India’s interest in the Northern Sea Route is being shaped by two factors: its commercial potential and the need to broaden trade connectivity. The NSR also offers a clear geographical advantage on certain Asia-Europe trade lanes.
  
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• Jio Platforms gets Sebi nod for $3.8bn IPO, potentially India’s biggest listing

  28-08-2026 13:55 via timesofindia.indiatimes.com
  
  Jio Platforms secured Sebi approval for its substantial $3.8 billion initial public offering.This significant approval paves the way for India's potentially largest stock market listing.The company plans to offer new shares, raising approximately $4 billion for its operations.Proceeds will primarily be used to reduce debt at its telecom unit, Reliance Jio Infocomm.This listing occurs amidst a strong revival in India's primary market activity.
  
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• Oil prices today: Crude heads for weekly losses as Hormuz flows remain choppy

  28-08-2026 13:28 via timesofindia.indiatimes.com
  
  Oil prices remained largely steady on Friday. Both Brent and WTI benchmarks were set for sharp weekly declines. Stalled US-Iran diplomatic talks and uneven Hormuz crude flows influenced traders. India's MCX crude futures also traded lower on Friday. Market sentiment shifted as economic sanctions replaced military pressure.
  
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• Govt achieves 78% of FY27 disinvestment, asset monetisation target in 5 months

  28-08-2026 12:50 via timesofindia.indiatimes.com
  
  The government has raised over Rs 62,000 crore through disinvestment and asset monetisation. This figure represents 78% of the full-year budget target for FY27. The Life Insurance Corporation stake sale contributed significantly to these proceeds. Other public sector entities also saw stake dilutions by the government. The strategic sale of IDBI Bank is currently being pursued by authorities.
  
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• Top stocks to buy today: Stock market recommendations for August 28, 2026 - check list

  28-08-2026 06:44 via timesofindia.indiatimes.com
  
  Stock market recommendations: Siemens, Laurus Labs, and BHEL - Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One has picked these as the top stocks to buy today on August 28, 2026:
  
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• On F&O expiry day, sensex sees wild swings during Closing Auction Session

  28-08-2026 00:41 via timesofindia.indiatimes.com
  
  On Thursday, within a five-minute window after the start of CAS on BSE—between 3.18pm and 3.23pm—sensex crashed over 2,200 points and then within the next seven minutes—between 3.23pm and 3.30pm—it recovered nearly 2,000 points. It finally closed at 76,934 points, down 539 points from its Wednesday close. On NSE, things were relatively quiet. Between 3.18pm and 3.22pm, Nifty slid over 100 points.
  
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• HDFC looks to appeal 99.97% haircut on claims against Zee’s Chandra

  28-08-2026 00:33 via timesofindia.indiatimes.com
  
  Assenting creditors (80.8%) contested allegations of being related parties and argued that Rs. 6.5-crore plan offered a better outcome compared to pushing the personal guarantor into bankruptcy, since Chandra’s net worth according to the resolution professional was only Rs. 31.8 crore, of which Rs. 25 crore was his mortgaged house. Chandra has disputed the Rs. 22,000-crore liability, stating it reflected historical claims filed in 2022.
  
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• HDFC shares drop 2% over CEO uncertainty, legal woes

  28-08-2026 00:28 via timesofindia.indiatimes.com
  
  HDFC Bank CEO Sashidhar Jagdishan’s tenure is set to expire on Oct 26. “There are just 2 months left and there is still no clarity about his extension/renewal. Markets have been worried about succession issues at HDFC Bank for some time now, as a result of which the stock has been weak,” said Suresh Ganapathy, an analyst with Macquarie.
  
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• Centre goes all-out to woo Japanese companies for investment

  28-08-2026 00:26 via timesofindia.indiatimes.com
  
  India, officials said, is seen to be a reliable player, which has a democracy and rule of law, in addition to a large and growing market. The pitch is also that a base in India will also help tap the large talent pool as well as traditional trade relations with West Asia and Africa, which also boasts of a large Indian diaspora.
  
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• Gaana, Fenix360 tie up to boost engagement

  28-08-2026 00:23 via timesofindia.indiatimes.com
  
  Streaming changed how the world listens to music. But for a long time, the relationship between artists and fans has largely stopped at the play button. Discovery happens on one platform, community happens on another and monetisation happens somewhere else if it happens at all. This partnership aims to close that gap. The wider ecosystem will also introduce new monetisation opportunities for artists.
  
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• ‘Govt to focus on easing processes to boost FDI’

  28-08-2026 00:20 via timesofindia.indiatimes.com
  
  Goyal said govt was keen that investment model should not only focus on large companies but the entire value chain that leads to downstream indigenisation. In paints, for instance, import of titanium dioxide, a key input, is of the tune of $1 billion and govt wants it to be manufactured in India, he said.
  
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• Daikin lines up Rs 2,800 crore fresh investment

  28-08-2026 00:16 via timesofindia.indiatimes.com
  
  During his meeting, commerce and industry minister Piyush Goyal is learnt to have suggested to Daikin Industries president and COO Naofumi Takaneka that the Japanese company should go beyond assembling compressors to also manufacture them in India, including their components. Takaneka is learnt to have responded by saying that the R&D centre will seek to develop products that are conducive for Indian climate.
  
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• India emerges as global production, innovation hub: FM

  28-08-2026 00:13 via timesofindia.indiatimes.com
  
  At a joint presser with her Canadian counterpart François-Philippe Champagne, FM said she discussed practical avenues for cooperation in the financial sector, including cross border payments, financial stability, fintech and capital markets. “We (also) explored opportunities for wider international and multilateral cooperation on issues of interest, such as critical minerals and energy security.”
  
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• Will carefully consider AI’s capital request: SIA

  28-08-2026 00:10 via timesofindia.indiatimes.com
  
  SIA made its stand clear after a Singapore opposition MP Kenneth Tiong opposed using state investor Temasek’s funds to meet AI request for more fund infusion from its twin promoters. Since Temasek owns most of SIA, the opposition Workers’ Party legislator said in a social media post Wednesday AI’s request was “not only a question for private shareholders.”
  
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