Economy news

• Husband died in 2006, widow got PF and gratuity; why HC rejected pension claim

  08-09-2026 17:54 via timesofindia.indiatimes.com
  
  On April 27, 2010, Bank of Maharashtra introduced a one-time option allowing a specified category of serving employees, retired employees and families of deceased employees to join the Pension Scheme, subject to the prescribed terms and conditions.
  
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• Flipkart widens lead against Amazon as quick commerce surges

  08-09-2026 17:38 via timesofindia.indiatimes.com
  
  Flipkart is growing its user base faster than Amazon in India.This expands its lead in online retail significantly over recent years.Flipkart's quick-commerce business, Flipkart Minutes, is also scaling up rapidly.It is now handling millions of orders daily, nearing established rivals.The company's user base growth contrasts with Amazon's contracting numbers.
  
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• Crypto goes abroad, returns as gift cards for Indians to buy groceries & gold

  08-09-2026 16:12 via timesofindia.indiatimes.com
  
  The mechanism involves leading fintech and e-commerce platforms incorporated in Sweden, Germany and Singapore. Individuals can use these platforms to obtain gift cards or vouchers, which effectively serve as proxy money, by transferring stablecoins from their private e-wallets to overseas entities.
  
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• Why just Russian oil? US supplies over 50% of India’s LPG imports - what it means

  08-09-2026 15:34 via timesofindia.indiatimes.com
  
  Even as Russia remains India’s largest crude oil supplier, the US has emerged as the biggest LPG exporter for India and the trend is likely to continue despite higher costs if Middle East supplies remain uncertain.
  
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• NSE IPO may open on Sept 18, list on Sept 25; Rs 30,000 crore issue in sight: Report

  08-09-2026 15:28 via timesofindia.indiatimes.com
  
  The National Stock Exchange's Rs 30,000-crore initial public offering is anticipated to open for subscription on September 18. This offering will be an offer for sale, with existing shareholders selling nearly 15 crore equity shares. The SBI group is identified as the largest seller in this significant upcoming public issue. This IPO follows years of regulatory hurdles, including co-location and dark-fibre cases.
  
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• Robust GDP, record forex: Why economic boom is still taking a bite out of your breakfast

  08-09-2026 15:04 via timesofindia.indiatimes.com
  
  India's economy grew strongly, yet everyday food prices are increasing. Sugar and edible oil costs have risen significantly, impacting household budgets. Packaged food companies face higher input costs and may increase prices. Global food prices are also showing upward pressure, affecting domestic markets. This situation highlights a disconnect between economic growth and consumer affordability.
  
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• Indian startup unveils testing & manufacturing hubs to validate reusable rocket stages

  08-09-2026 13:34 via timesofindia.indiatimes.com
  
  Indian space startup Agnikul Cosmos inaugurated two new facilities in Chennai. These facilities will support testing and manufacturing of reusable rocket stages. The company aims to develop reusable launch vehicle technology for future missions. Agnikul Cosmos already designs and manufactures its own rocket engines. This expansion marks a significant step in India's space program capabilities.
  
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• Gold soars, but China buys 650,000 ounces; adds most precious metal since 2023

  08-09-2026 11:32 via timesofindia.indiatimes.com
  
  Large economies like India and China have been buying gold for the last few years. While India’s purchases have somewhat reduced, China has increased its gold reserves by the largest amount since 2023 in August, stepping up purchases even as bullion prices climbed sharply during the month.
  
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• Rs 20,700 crore, 326 km more: India completes its Dedicated Freight Corridor network

  08-09-2026 09:42 via timesofindia.indiatimes.com
  
  The Ministry of Railways undertook the construction of two Dedicated Freight Corridors. The Eastern Dedicated Freight Corridor (EDFC) runs from Ludhiana to Sonnagar and covers 1,337 km, while the Western Dedicated Freight Corridor (WDFC) connects Dadri with Jawaharlal Nehru Port Terminal (JNPT) over 1,506 km.
  
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• Gold price prediction today: Will gold prices continue to drop? Check September 8, 2026 outlook

  08-09-2026 08:24 via timesofindia.indiatimes.com
  
  Gold would have slumped hard on strong US nonfarm payroll report and the Fed Chair Warsh’s hawkish speech at Jackson Hole Symposium; however, dovish commentaries by the NY Fed President Williams and the Fed Governor Waller in the first week of September
  
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• Pink slips: Samsung India cuts 80-100 jobs, more layoffs expected after Diwali

  08-09-2026 08:08 via timesofindia.indiatimes.com
  
  Those affected include director-level officials and team leads at the company's headquarters, as well as branch and area managers working across its operating branches, according to the executives.
  
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• Rupee falls 10 paise to 94.66 against US dollar as crude nears $98

  08-09-2026 06:33 via timesofindia.indiatimes.com
  
  On Tuesday morning, the Indian rupee struggled against the US dollar, influenced by climbing crude oil prices and unrest in the Middle East that affected investor confidence. The rupee began lower and consistently declined. Forex experts pointed out its limited movement, attributed to RBI's dollar interventions. Attention turns to upcoming CPI data from the US and India, as well as the FOMC meeting.
  
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• Iran doubles petrol price for heavy users as currency touches record low

  08-09-2026 05:56 via timesofindia.indiatimes.com
  
  Iran has recently increased its petrol price for consumers who surpass a monthly limit of 110 litres. This price hike is intended to boost government revenue, which officials assure will be allocated to support households. Amid ongoing inflation and a declining national currency, experts caution that this rise in fuel costs could exacerbate the existing financial strain on everyday citizens.
  
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• Top stocks to buy or sell today: Stock market recommendations for September 8, 2026 - check list

  08-09-2026 05:22 via timesofindia.indiatimes.com
  
  Stock market recommendations: Life Insurance Corporation of India, Tata Steel, and Bank of India are the top stocks to sell as per Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on September 8, 2026.
  
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• Brent crude climbs beyond $97 as Hormuz disruptions choke global oil supplies

  08-09-2026 03:57 via timesofindia.indiatimes.com
  
  With the ongoing conflict in the Middle East escalating, oil prices are experiencing a significant uptick as global supplies come under threat. Iran has issued warnings of retaliation against US actions, heightening fears surrounding energy infrastructure. As tensions rise in the Strait of Hormuz, traders are incorporating a risk premium into oil costs.
  
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