Economy news

• Trump touts Venezuela oil deal, says it will drive down energy prices worldwide

  22-09-2026 17:49 via timesofindia.indiatimes.com
  
  US President Donald Trump announced a major oil deal with Venezuela. This agreement covers sixty-five billion barrels of oil and aims to lower global energy costs.The deal is expected to boost Venezuela's oil production significantly over time.Experts, however, believe immediate price changes are unlikely due to infrastructure needs.Trump also linked this policy to wider US interests in the Western Hemisphere.
  
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• Rs 1.79 lakh ITR, Rs 11.22 crore tax addition; ITAT gives chance if he plants 500 trees

  22-09-2026 16:33 via timesofindia.indiatimes.com
  
  The Assessing Officer examined the taxpayer's financial transactions and identified substantial cash deposits, unsecured loans running into crores and agricultural income of Rs 3 lakh that was not backed by supporting evidence.
  
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• Sensex swing: FIIs are selling, DIIs are buying - who is right?

  22-09-2026 13:02 via timesofindia.indiatimes.com
  
  Foreign Portfolio Investors (FPIs) are selling again even as Domestic Institutional Investors (DIIs) remain net buyers. What is driving foreign investors to be cautious on India even as domestic investors continue to bet on the stock market?
  
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• Heavy LHB bogie corrosion worries Railways; toilet leaks, saline air blamed

  22-09-2026 12:29 via timesofindia.indiatimes.com
  
  Recently senior railway engineers have raised concerns over heavy corrosion in the bogies of LHB passenger coaches, despite the use of materials that are designed to resist corrosion and efforts to strengthen cleaning and maintenance practices.
  
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• Gold jumps 60% to Rs 1.57 lakh from Rs 98,000 a year ago; sales fall 15%, coins gain

  22-09-2026 10:32 via timesofindia.indiatimes.com
  
  In Mumbai's spot market on Monday, gold was trading at Rs 1.57 lakh per 10 grams, including 3% goods and services tax. This was around 60% higher than the Rs 98,000 per 10 grams recorded on Ganesh Chaturthi last year, which fell on August 28.
  
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• Nasdaq hits record high as AI stocks rally; AMD crosses $1 trillion valuation

  22-09-2026 10:16 via timesofindia.indiatimes.com
  
  Wall Street began the week strongly as technology and AI stocks propelled the Nasdaq higher. Chipmakers led the rally, with several companies seeing significant share price increases. Easing Treasury yields and falling crude oil prices also supported the positive market sentiment. Investors watched developments in the Middle East and upcoming United States-China talks. Markets remained focused on potential future Federal Reserve interest rate decisions.
  
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• Major milestone for energy exploration: ONGC strikes gas 43 km off Odisha coast

  22-09-2026 09:07 via timesofindia.indiatimes.com
  
  For the Mahanadi Basin discovery, ONGC's next phase of work will involve additional reservoir appraisal, evaluation of recoverable resources and a commercial assessment. A decision on development will be taken only after these steps are completed.
  
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• Wife sold Rs 25 soft drink for Rs 26; husband faced case for 13 years, HC quashes it

  22-09-2026 08:17 via timesofindia.indiatimes.com
  
  The court has quashed the prosecution, which arose from an allegation that the man had sold a 600-ml bottle of cold drink for Rs 26 even though its MRP was Rs 25. The allegation concerned an overcharge of Re 1. The man was working at his wife's shop when the incident took place.
  
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• Top stocks to buy today: Stock market recommendations for September 22, 2026 - check list

  22-09-2026 05:11 via timesofindia.indiatimes.com
  
  Stock market recommendations: LIC Housing Finance, Supreme Industries, Hitachi Energy India, and Dr Reddy's Laboratories - these are the top stocks to buy on September 22, 2026 as recommended by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan on September 8, 2026.
  
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• 'No burden for consumers': Sitharaman clarifies who will pay MDR on UPI transactions

  22-09-2026 04:56 via timesofindia.indiatimes.com
  
  Finance Minister Nirmala Sitharaman addressed concerns over the Merchant Discount Rate charges, emphasizing that UPI users will face no additional financial burden. These charges apply solely to payment operators and do not treat consumers as taxpayers. The revised rule targets only high-value Person-to-Merchant UPI transactions, meaning most users will transact without incurring extra fees. The government has expressed its commitment to this decision, ruling out any changes.
  
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• Oil remains above $100 per barrel as traders await potential US-Iran talks

  22-09-2026 03:50 via timesofindia.indiatimes.com
  
  Oil prices climbed above one hundred dollars a barrel as Middle East tensions intensified. Traders weighed signs of possible US-Iran talks against continuing tensions in the Gulf. Yemen's Houthis conducted attacks on Riyadh and a Saudi Aramco facility. Traffic through the Strait of Hormuz has dropped sharply due to ongoing conflict. The US and Iran have traded threats for over six months now.
  
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