Economy news

• Rs 30 lakh salary, missed ITR after job switch; why ITAT cancelled Rs 3.74 lakh tax penalty

  02-09-2026 18:20 via timesofindia.indiatimes.com
  
  What appeared to be a filing lapse eventually turned into a tax penalty of Rs 3.74 lakh. The Income Tax Department took a strict view of the matter, maintaining that had the non-filing not been detected, Aggarwal might not have filed his ITR at all. This, in turn, would have meant that his salary and interest income remained unreported.
  
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• Indians cash in idle gold: Rs 20 lakh for a home, Rs 80 lakh for US degree & business

  02-09-2026 17:17 via timesofindia.indiatimes.com
  
  What is changing is what a younger generation wants it to do with idle gold. For some, the jewellery in the locker is no longer something to preserve indefinitely. It can become a house, an education, a business or an investment.
  
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• Yolo meets SIP: How Gen Z is rewriting money rules & mistakes they should avoid

  02-09-2026 15:28 via timesofindia.indiatimes.com
  
  Gen Z is one of the more financially aware generations, focusing on financial independence and investing rather than just saving. YOLO? Sure. But Gen Z is also thinking, “How do I make my money work for me?”
  
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• Uber lays off 3,300 employees as it restructures for faster growth

  02-09-2026 14:19 via timesofindia.indiatimes.com
  
  Uber is cutting approximately ten percent of its global workforce, impacting about thirty-three hundred employees. This major restructuring aims to reduce management layers and simplify company operations. Resources will be reallocated towards core ride-hailing, delivery, and robotaxi businesses. The company is also tightening remote-work policies, requiring most staff to return to offices. These changes are intended to foster growth and innovation in key areas.
  
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• 'To bring more clarity': Centre issues FAQs after oppn red flags GDP figures

  02-09-2026 13:15 via timesofindia.indiatimes.com
  
  The government released FAQs to explain its GDP estimation methods.This clarification addresses opposition concerns regarding recent growth figures.The government said the updated annual and quarterly GDP estimates, based on the 2022-23 base year, were released on August 31 using new data sources and methodologies, including the new series of the Output Producer Price Index (PPI) and Banking Services Price Index.
  
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• First Vande Bharat in 2019, sleeper version came in 2026; now 260 trains in works

  02-09-2026 10:21 via timesofindia.indiatimes.com
  
  The first pair of Vande Bharat sleeper trains was launched earlier this year between Guwahati and Howrah. The second pair is undergoing trials and is expected to enter service soon. Reports suggest it may run between Bengaluru and Mumbai, though an official confirmation is awaited.
  
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• Won Rs 15 lakh chit prize, payout delayed; how he won relief against company’s claim

  02-09-2026 08:49 via timesofindia.indiatimes.com
  
  Kapil Chits attributed the delay to Eashwar’s late submission of the required sureties, saying the documents had to be verified before the prize money could be released. The Telangana State Consumer Commission, however, found that the company’s own records showed the sureties had been submitted on March 28, 2019.
  
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• Gold price prediction today: Will gold, silver prices continue to fall? Check September 2, 2026 outlook

  02-09-2026 07:45 via timesofindia.indiatimes.com
  
  Gold price prediction today: For the near-term, the outlook for both silver and gold remains bearish, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• Top stocks to buy today: Stock recommendations for September 2, 2026 - check list

  02-09-2026 04:46 via timesofindia.indiatimes.com
  
  Stock market recommendations: NLC India, Deepak Nitrite, and Hindustan Copper have been picked as the top stocks to buy today on September 2, 2026 by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares:
  
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• 5-member NCLT bench stays Subhash Chandra '6.5cr repayment order

  02-09-2026 00:57 via timesofindia.indiatimes.com
  
  Personal guarantor, P 12
  
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• TCS pips Accenture to take over Best Buy's India GCC ops

  02-09-2026 00:39 via timesofindia.indiatimes.com
  
  Five-Year Deal Size Estimated At 2k Cr, To Deepen Cos' Ties
  
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