Economy news

• Oil infra hit by Ukraine, Russia gets 70% of its fuel from India

  13-09-2026 22:24 via timesofindia.indiatimes.com
  
  August marked a milestone for Russia as it imported record levels of oil products, with Indian exports accounting for nearly seventy percent. The gasoline supplied by India was produced from Russian crude at a shared refinery. While India remains the second-largest importer of crude oil from Russia, its overall imports have seen a decline compared to recent months, with China still leading the ranks.
  
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• Fed, crude, dollar and Iran war: 4 factors that could move gold next week

  13-09-2026 18:28 via timesofindia.indiatimes.com
  
  Gold and silver prices are expected to remain volatile next week. The US Federal Reserve's interest rate decision will be a key global event. Crude oil movements and the US dollar will also influence market sentiment. Other central banks' monetary policy and inflation data will be closely watched. Geopolitical developments and economic data will drive precious metals' direction.
  
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• Stock market today: Are NSE, BSE closed for trading on Ganesh Chaturthi?

  13-09-2026 17:22 via timesofindia.indiatimes.com
  
  On September 14, stock markets will halt trading in observance of Ganesh Chaturthi. While equity derivatives will remain suspended for the day, the commodity market will only partially close during the morning session. Trading will pick back up in the evening session. Investors should keep these adjustments in mind as they plan their trading activities around the festival.
  
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• Stock market holiday: Are NSE, BSE closed for trading on Ganesh Chaturthi?

  13-09-2026 17:22 via timesofindia.indiatimes.com
  
  On September 14, stock markets will halt trading in observance of Ganesh Chaturthi. While equity derivatives will remain suspended for the day, the commodity market will only partially close during the morning session. Trading will pick back up in the evening session. Investors should keep these adjustments in mind as they plan their trading activities around the festival.
  
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• Bank holiday on Ganesh Chaturthi: Where are banks closed on September 14? Check state-wise list

  13-09-2026 17:05 via timesofindia.indiatimes.com
  
  On September 14, banks in various Indian states will shut down in observance of Ganesh Chaturthi. It's important for customers to check their specific branch's holiday hours, as additional regional holidays may also affect bank operations throughout the month. However, ATMs and online banking will still be available, so planning ahead can help ensure you maintain access to necessary banking services.
  
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• India completes its 2,843 km Dedicated Freight Corridor network; why it’s a game-changer for railways

  13-09-2026 15:36 via timesofindia.indiatimes.com
  
  India's Dedicated Freight Corridor project has finally reached a milestone that was years in the making. With the commissioning of the last remaining sections of the Western Dedicated Freight Corridor, the country's 2,843-km dedicated freight network is now fully operational.
  
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• India’s semiconductor sector attracts $1.4 billion in funding across 281 companies

  13-09-2026 13:52 via timesofindia.indiatimes.com
  
  India's semiconductor sector has attracted $1.4 billion in equity funding across many companies.Nearly half of this investment occurred since 2025, showing rapid growth.The nation is preparing to host SEMICON India 2026, a major industry event.Bengaluru leads as the primary semiconductor hub, attracting substantial investment.Acquisitions remain the dominant exit strategy for companies in this sector.
  
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• FPIs turn sellers again: Rs 13,138 crore pulled out of Indian equities

  13-09-2026 13:02 via timesofindia.indiatimes.com
  
  In 2023, foreign portfolio investors have pulled out an astonishing Rs 2.37 lakh crore from Indian equities. The latest round of selling experienced in early September is attributed to global uncertainties and increasing US bond yields. Rising crude oil prices, driven by heightened geopolitical tensions, are also affecting investor mood.
  
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• Stock market outlook: Fed, crude prices and more to guide Dalal Street this week

  13-09-2026 12:54 via timesofindia.indiatimes.com
  
  Dalal Street is gearing up for a condensed trading week, with investors keenly awaiting pivotal global and domestic data. The focus will be on the US Federal Reserve's interest rate decision and outlook on policy. Domestic inflation trends and fluctuations in crude oil prices will influence market dynamics. Additionally, geopolitical tensions in the Middle East could affect oil supplies, adding further pressure on Indian equities after last week's substantial sell-off.
  
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• India supplies 70% of Russia’s record fuel imports as Ukrainian drones hit refineries

  13-09-2026 11:59 via timesofindia.indiatimes.com
  
  In August, India became Russia's largest supplier of fuel amidst significant disruptions to Russia's domestic production caused by drone attacks from Ukraine. Remarkably, India accounted for seventy percent of the fuel imported by Russia during this period. Concurrently, Russia's oil product exports faced a notable slump, while China maintained its position as Russia's primary customer for fossil fuels.
  
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• India’s gem exports rise 3.14% in August as studded gold jewellery shipments surge

  13-09-2026 06:40 via timesofindia.indiatimes.com
  
  India's gem and jewellery exports saw a 3.14% increase in August, reaching $2.30 billion. This growth was primarily fueled by a significant rise in studded gold jewellery shipments. Diamond export volumes also contributed positively to the overall export performance during the month. Plain gold jewellery exports experienced a decline due to rising gold prices and input costs. The industry is evolving into a global hub for design and value addition.
  
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• Brics 2026: Piyush Goyal hails unanimous adoption of New Delhi Declaration

  13-09-2026 05:33 via timesofindia.indiatimes.com
  
  At the latest summit, BRICS leaders unanimously endorsed the New Delhi Declaration, marking a significant step toward a resilient strategic partnership. This declaration focuses on fostering cooperation in emerging technologies and strengthening digital infrastructure. Additionally, it aims to bolster the New Development Bank and enhance supply chain resilience, all while underscoring the leaders' commitment to solidarity and mutual respect.
  
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• HDFC Bank sends names of 2 CEO candidates to RBI

  13-09-2026 00:56 via timesofindia.indiatimes.com
  
  HDFC Bank has presented two candidates to the RBI for the upcoming role of managing director and CEO. The board has also sanctioned the promotion of Jimmy Tata to executive director while seeking an extension for V Srinivasa Rangan. This move will elevate the count of whole-time directors to four, enhancing oversight across its subsidiaries. Final approval for these transitions now lies with the Reserve Bank of India.
  
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• RBI rejects Tata Sons' bid to stay private, directs listing

  13-09-2026 00:44 via timesofindia.indiatimes.com
  
  Tata Sons' bid to relinquish its core investment company registration has been turned down by the Reserve Bank of India, pushing the Tata Group's holding firm nearer to a public stock offering. Tata Trusts, the majority owner, aims to preserve the company's private nature for sustained stewardship. In contrast, the Shapoorji Pallonji Group is advocating for a public float.
  
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