Economy news

• Economy grew 7.8% in Q1 despite Iran crisis and El Nino conditions

  31-08-2026 23:22 via timesofindia.indiatimes.com
  
  India's economy recorded impressive growth of 7.8% during the April to June quarter, driven by a thriving manufacturing sector and a strong services industry. Domestic demand surged, bolstered by significant increases in investment and exports. Reflecting this positive trend, the government has upgraded growth projections for prior financial years, showcasing the economy's robust resilience in the face of global challenges.
  
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• Gold pledged for loan stolen in bank robbery: How borrower won case for full value

  31-08-2026 18:35 via timesofindia.indiatimes.com
  
  So, what happens if gold jewellery pledged against a gold loan is stolen from the bank? For a borrower, the loss can raise a bigger question than simply recovering the value of the gold. Should the bank pay only for the metal, or should the compensation also cover making charges and the value of stones?
  
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• Bank credit growth nearly doubles to 19.1% in July as lending picks up across sectors

  31-08-2026 18:06 via timesofindia.indiatimes.com
  
  The month of July 2026 witnessed a remarkable surge in non-food bank credit. Lending to various sectors, particularly services, industry, and agriculture, experienced significant growth. In particular, the growth in services credit was more than double that of the previous year, while industry lending also showed notable improvements. Additionally, personal loans peaked with impressive overall growth rates.
  
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• NSE's closing auction sees Rs 39,718 crore rush on first index rebalancing day

  31-08-2026 18:02 via timesofindia.indiatimes.com
  
  The National Stock Exchange faced an exciting challenge on Monday as its closing auction mechanism tested its mettle. Investors were actively reshaping their portfolios ahead of index changes, leading to impressive trading volumes. Now celebrating its first month, the mechanism has confirmed its role in enhancing transparency and fairness in the closing price process, proving invaluable for passive investors.
  
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• New NPS PoP Charges: PFRDA sets Rs 200 onboarding fee, 0.20% annual PoP charge

  31-08-2026 15:50 via timesofindia.indiatimes.com
  
  Under the new fee structure, subscribers registering for NPS through a PoP will be charged a one-time onboarding fee of Rs 200 for each Permanent Retirement Account Number (PRAN). However, the entire Rs 200 will not be taken from the subscriber’s account at once.
  
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• India's rice bowl gets global audience as 3,317 buyers sign up for BIRC 2026

  31-08-2026 12:31 via timesofindia.indiatimes.com
  
  India's rice exporters look forward to a significant boost in international trade opportunities this October. With participation from over 3,300 buyers across 138 countries, the Bharat International Rice Conference is poised to be a game-changer. Key regions like Africa and the Gulf show heightened interest, and the event will introduce an app-based matchmaking platform to facilitate business collaborations, alongside discussions on global supply, demand, and expansion prospects.
  
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• What’s forced Russia to import 1 million barrels in 2 months from India

  31-08-2026 12:20 via timesofindia.indiatimes.com
  
  Russia’s seaborne gasoline imports climbed to a record level of around 125,000 barrels per day (kbd) in August, which would amount to about 470,000 tonnes for the month. Reports suggest that Indian refiners supplied as much as 1 million barrels of gasoline to Russia over the past two months.
  
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• AI could be the next growth engine for Indian IT from FY27: Anand Rathi

  31-08-2026 12:19 via timesofindia.indiatimes.com
  
  Indian IT firms expect a surge in growth as global investments pivot towards enterprise AI deployment. Starting in fiscal year twenty twenty-seven, this monumental shift from infrastructure development will fuel demand for services in data preparation and system integration. Notably, companies will seek robust cybersecurity measures and AI agent management solutions, significantly widening the market for IT service providers.
  
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• No internet needed: PhonePe brings UPI payments to over 200m feature phone users

  31-08-2026 11:58 via timesofindia.indiatimes.com
  
  PhonePe has launched UPI 123Pay, enabling feature phone users to transact digitally. This service extends UPI payment capabilities to over two hundred million Indian feature phone users.The platform allows peer-to-peer and peer-to-merchant payments, and balance checks.It also offers an AI-powered helpline for first-time users in multiple languages.Future updates will introduce utility bill payments and mobile recharges.
  
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• Big four-tracking push! Railways to expand on 7 high-density routes - why it matters

  31-08-2026 10:14 via timesofindia.indiatimes.com
  
  India’s seven high-density railway routes, covering about 11,000 km, are being expanded to four tracks to handle more passenger and freight traffic across the country, Vaishnaw said recently.
  
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• Stocks to buy: What's the outlook for Nifty for August 31-September 4 week? Check list of top stock recommendations

  31-08-2026 09:21 via timesofindia.indiatimes.com
  
  Stock market recommendations: Glenmark Pharmaceuticals, and Ramkrishna Forgings are the top stocks to buy recommended by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities on August 31, 2026.
  
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• Gold price prediction today: Where are gold prices headed? Check outlook for August 31, 2026 week

  31-08-2026 08:54 via timesofindia.indiatimes.com
  
  Gold price prediction today: The medium-term case for investment in gold remains intact, despite recent fall in prices, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
  
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• Rupee falls 13 paise to 95.56 as crude rises, Fed hike bets strengthen dollar

  31-08-2026 06:33 via timesofindia.indiatimes.com
  
  On Monday, the Indian rupee began its trading session lower versus the US dollar. The decline was influenced by rising crude oil prices and increasing geopolitical tensions. Furthermore, the prospect of a Federal Reserve rate hike has strengthened the dollar. In response, the Reserve Bank of India is taking measures to stabilize the rupee, while domestic stocks face downward pressure from foreign investors offloading shares.
  
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• Top stocks to buy: Stock recommendations for August 31, 2026 week - check list

  31-08-2026 05:08 via timesofindia.indiatimes.com
  
  Stock market recommendations: Titan, and L&T Finance - Motilal Oswal Wealth Management Research Desk has identified these two as the top stocks to buy for the week starting August 31, 2026:
  
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• Oil prices jump over 2% after US-Iran direct conflict re-ignites after a month of pause

  31-08-2026 04:13 via timesofindia.indiatimes.com
  
  Following a U.S. military strike on Iranian launchers in the strategic Strait of Hormuz, oil prices have surged. In retaliation, Iran launched attacks on two U.S. air bases in Jordan. Jordan's military successfully intercepted eight missiles aimed at its territory early Monday, escalating the ongoing conflict in the Middle East, now entering its sixth month. Shipping activities through the Strait of Hormuz have notably dipped due to rising tensions.
  
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• ‘Losing $60 billion a year’: Trump slams Canada as ‘worst' trade 'abuser', urges firms to move to US

  31-08-2026 03:45 via timesofindia.indiatimes.com
  
  Donald Trump is escalating trade conflicts with Canada by levying substantial tariffs, which he claims are necessary due to the billions the U.S. allegedly loses from Canadian trade policies. He is urging Canadian firms to move their operations to the U.S. immediately. This action follows stalled trade negotiations, leading both Canada and the U.S. to impose retaliatory tariffs that affect various sectors and logistics.
  
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• ‘We’ll see more Japanese portfolio flows’

  31-08-2026 03:10 via timesofindia.indiatimes.com
  
  Japanese investors are showing strong confidence in India's economic growth potential.Political and policy certainty in India is encouraging more Japanese capital to flow.India's growing economy offers tremendous returns, attracting significant overseas investment.Japanese household money is expected to increase investments in India's market.This trend signifies a positive shift towards greater financial integration between nations.
  
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