Economy news

• Rs 25,000 salary to Rs 1 crore EPF corpus: Compounding math can make you a crorepati

  01-09-2026 18:40 via timesofindia.indiatimes.com
  
  Over time, the interest earned on the accumulated balance earns interest, allowing compounding to steadily increase your retirement savings. With regular contributions maintained over a long period, an employee can potentially build an EPF corpus of Rs 1 crore or more.
  
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• UPI gets festive boost: Digital payments hit a record 24.51 bn transactions in August

  01-09-2026 17:34 via timesofindia.indiatimes.com
  
  In August, Unified Payments Interface hit an all-time high for monthly transaction volumes, largely fueled by festive celebrations like Raksha Bandhan that encouraged peer-to-peer transfers. As transaction values approached previous peaks, the digital payment landscape continued to evolve, with UPI now being embraced in eleven countries worldwide. The potential for further growth is promising as innovative use cases, such as credit options within UPI, start to gain traction.
  
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• India’s tech jobs face another jolt: Oracle to cut 3,000, Microsoft puts 500 on PIPs

  01-09-2026 14:11 via timesofindia.indiatimes.com
  
  Global tech giant Microsoft has put around 500 employees in India on performance improvement plans (PIPs), while Oracle is preparing to cut roughly 3,000 jobs in the country as technology companies reorganise their workforces and redirect spending towards newer areas.
  
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• India’s PMI slips to 52.8 as factory growth loses steam, hits five-year low

  01-09-2026 13:10 via timesofindia.indiatimes.com
  
  In August, India's manufacturing sector experienced its most significant slowdown in five years, with production and new orders seeing a decline. This downturn marked the lowest activity level since August 2021, causing a contraction in employment for the first time in two and a half years. Although there was a slight increase in purchasing activity, overall overseas demand weakened, and while business confidence grew, it remained below historical averages.
  
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• India's GDP grows 7.8% in Q1: Factors powering the economy despite global turmoil

  01-09-2026 12:25 via timesofindia.indiatimes.com
  
  In the first quarter, India showcased impressive economic resilience with a remarkable 7.8% GDP growth. The surge was notably driven by a surge in domestic demand and the services sector. Additionally, investment activity picked up pace, enhancing the overall economic landscape. This achievement stands out amid global geopolitical tensions and market fluctuations, reinforcing India's status as the fastest-growing major economy in the world.
  
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• Rs 1 crore at 26 to Rs 7 crore net worth at 31: How Bengaluru techie achieved this

  01-09-2026 12:02 via timesofindia.indiatimes.com
  
  His financial journey, however, did not begin with a large salary or a carefully constructed investment portfolio. He claims he started investing small amounts in mutual funds soon after college, when he first became interested in financial independence.
  
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• Onion price hike: Centre expands Rs 35/kg sale to 19 cities amid supply concerns

  01-09-2026 11:40 via timesofindia.indiatimes.com
  
  The Centre has expanded its discounted onion sale to nineteen cities. Onions are now available at Rs 35 per kg, down from retail prices. Mobile vans will distribute affordable onions across Delhi's thirteen districts. This intervention aims to ensure essential food items remain accessible. The government monitors availability and prices to prevent shortages.
  
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• Cheeni Kum? Imported sugar is yet to land, so why is it getting cheaper

  01-09-2026 10:11 via timesofindia.indiatimes.com
  
  Sugar prices have surged notably, straining household budgets throughout India. This dramatic increase is attributed to lower domestic production coupled with heightened festive demand. Although government actions, such as permitting duty-free imports and implementing stock limits, have helped reduce mill gate prices, retail prices still soar as adjustments trickle through the supply chain. Looking ahead, improving future crushing seasons and imports should enhance sugar availability.
  
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• Sold home jointly owned with wife? You can claim 100% LTCG benefit - here’s how

  01-09-2026 09:36 via timesofindia.indiatimes.com
  
  The most important point to note in this matter is the proof of the financing for the first property. If you have a clear trail and adequate documentation that can establish the money to buy the first property was entirely yours, then the new property need not be purchased in joint names.
  
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• Gold price prediction today: Will gold trade with bearish bias? Check September 1, 2026 outlook

  01-09-2026 08:36 via timesofindia.indiatimes.com
  
  Gold price prediction today:Gold prices are under pressure due to the US Federal Reserve chair’s hawkish outlook, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
  
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• Namo Bharat: India’s fastest train corridor to soon meet 60% of power needs by solar

  01-09-2026 07:54 via timesofindia.indiatimes.com
  
  The Delhi-Meerut Namo Bharat corridor is set to receive power from a 110 MW captive solar plant, which is expected to fulfil nearly 60% of the corridor’s electricity needs.The National Capital Region Transport Corporation (NCRTC) has signed a power purchase agreement with NIRL NCRTC Renewables Limited (NNRL) for the project.
  
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• Rupee gains 26 paise as 7.8% GDP growth offsets global market jitters

  01-09-2026 07:04 via timesofindia.indiatimes.com
  
  On Tuesday, the Indian Rupee showcased its strength, appreciating against the US dollar. This upward shift is attributed to vigorous domestic economic growth alongside strong portfolio inflows. Notably, the rupee found temporary support from MSCI-related investments, overcoming the initial sluggishness in domestic stocks and foreign institutional selling. This performance reflects India's robust economic resilience in the face of global uncertainties.
  
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• Top stocks to buy or sell today: Stock market recommendations for September 1, 2026 - check list

  01-09-2026 05:21 via timesofindia.indiatimes.com
  
  Stock market recommendations: Indusind Bank, Computer Age Management Services (CAMS), and Dixon Technologies (India) are the top stocks to buy that have been picked by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for September 1, 2026.
  
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• Oil climbs past $90 as Middle East conflict keeps Strait of Hormuz shut

  01-09-2026 04:03 via timesofindia.indiatimes.com
  
  On Tuesday, oil prices saw a significant uptick, driven by escalating tensions between the US and Iran and looming risks to supply chains. Brent crude hit $91.04, while WTI crude climbed to $86.55 per barrel. The Strait of Hormuz is a focal point of concern for global oil supply stability. Additionally, there are efforts in Venezuela aimed at replenishing US oil reserves.
  
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