Economy news

• Rs 5.2 crore cash deposit, but Rs 7.65 lakh ITR: Why ITAT quashed tax notice

  28-09-2026 18:31 via timesofindia.indiatimes.com
  
  The AO issued several notices to the individual seeking an explanation for the cash deposit and details relating to his ITR. The responses did not satisfy the tax department, following which the AO passed an assessment order. Through the order, the Rs 5.2 crore deposit was treated as unexplained money under Section 69.
  
  Read more

• Tata Trusts propose merging 2 firms with Tata Sons to avoid RBI listing mandate

  28-09-2026 16:51 via timesofindia.indiatimes.com
  
  In a strategic move, Tata Trusts have put forth a plan to merge Tata Electronics Systems Solutions Pvt Ltd and Tata Consulting Engineers into Tata Sons. This restructuring aims to redefine Tata Sons' regulatory classification, thereby sidestepping extra regulatory burdens. Before any actions are taken, the proposal requires a no-objection certificate from the Reserve Bank of India.
  
  Read more

• Sensex, Nifty sink further: Indices at six‑month lows; Rs 17.17 lakh crore wiped out in a month

  28-09-2026 15:42 via timesofindia.indiatimes.com
  
  The sell-off intensified on Monday. The BSE benchmark plunged 1,124.02 points, or 1.52%, to close at 72,771.72, marking its lowest closing level since March 30, 2026. The Nifty fell 360.25 points, or 1.56%, to finish at 22,780.25, its lowest level in nearly six months. The weakness was also visible beyond the frontline indices. The BSE SmallCap Select index fell 1.90%, while the MidCap Select index declined 1.39%.
  
  Read more

• Industrial Output Accelerates: IIP jumps 8% in Aug on MoSPI data; cumulative growth hits 6.7%

  28-09-2026 14:34 via timesofindia.indiatimes.com
  
  In August 2026, India's industrial production showcased an impressive year-on-year growth of 8 percent, building on a revised growth rate from July. The manufacturing sector alone surged by 9 percent, significantly boosting overall productivity. The Electricity and Gas Supply sector excelled too, with an impressive 12.3 percent increase. Although mining faced a setback with a 5.6 percent decline, other segments displayed robust growth, culminating in a cumulative increase of 6.
  
  Read more

• Advertisement

• CBDT extends tax audit report deadline till October 21, ITR filing last date to November 21

  28-09-2026 13:53 via timesofindia.indiatimes.com
  
  The Central Board of Direct Taxes has officially updated the deadlines for income-tax return submissions, providing taxpayers who are subject to audit an extension until November 21, 2026. Additionally, the deadline for submitting audit reports has shifted to October 21, 2026. This amendment pertains to specific taxpayers outlined in the Income-tax Act, 1961. A detailed notification regarding this extension will be released shortly by the CBDT.
  
  Read more

• After hydrogen, India’s gets its first LNG train; check details

  28-09-2026 12:40 via timesofindia.indiatimes.com
  
  The dual-fuel arrangement allows LNG to substitute for around 40 per cent of diesel consumption. The move is part of the national transporter’s broader push to reduce carbon emissions and move towards more sustainable modes of transport. A full tank of LNG is expected to support around 1,600 km of operations, thereby reducing the frequency with which the train needs to refuel.
  
  Read more

• China cuts tariffs on US farm goods, but keeps soybeans on the other side

  28-09-2026 11:15 via timesofindia.indiatimes.com
  
  In a significant move, China has announced plans to lower tariffs on a variety of US agricultural products, while keeping the 10% tariff on soybeans intact. The revised list highlights items like corn, wheat, vegetable oils, and dairy. This action comes in the wake of discussions between Chinese President Xi Jinping and US President Donald Trump.
  
  Read more

• Tenant stayed after rent agreement expired; HC orders Rs 3.27 cr + interest to be paid

  28-09-2026 10:30 via timesofindia.indiatimes.com
  
  The Delhi High Court recently this very principle of mesne profits in a case involving a bank, directing the tenant to pay out, along with 6% annual interest, to the landlady for continuing to occupy the premises beyond the agreed tenancy period.
  
  Read more

• Advertisement

• Gold price prediction: What are the factors that will drive gold this week?

  28-09-2026 08:34 via timesofindia.indiatimes.com
  
  Gold price prediction: Overall, the weekly bias remains range bound. Immediate support is placed at Rs 148,000, followed by Rs 145,000 and Rs 142,000–143,000, while resistance is seen at Rs 151,000, Rs 152,300–153,600 and Rs 155,300–156,800.
  
  Read more

• Gold price crash today: Why is MCX Gold down over 2% & what should you do? Explained

  28-09-2026 07:45 via timesofindia.indiatimes.com
  
  On the domestic bourse, MCX silver futures for September 2026 delivery fell Rs 6,661 to Rs 2,28,035 per kg. Gold futures for October 2026 delivery declined Rs 3,214 to Rs 1,47,667 per 10 grams.
  
  Read more

• Sensex tanks over 1,000 points: Why is stock market crashing today? Top reasons explained

  28-09-2026 07:18 via timesofindia.indiatimes.com
  
  Stock market crash today: While Sensex crashed over 1,000 points, Nifty50 went below 22,850. At 10:40 AM, Nifty50 was trading at 22,835.15, down 305 points or 1.32%. BSE Sensex was at 72,909.34, down 986 points or 1.33%.
  
  Read more

• Rupee slips 20 paise against US Dollar as crude oil tops $106, foreign outflows continue

  28-09-2026 06:50 via timesofindia.indiatimes.com
  
  Beginning the week on a down note, the rupee slipped to 95.95 against the US dollar amidst various economic hurdles. Factors contributing to this decline include a strengthening dollar, extensive foreign fund withdrawals, and escalating crude oil prices, with Brent crude futures notably rising. This surge has sparked concerns about India's overall import costs.
  
  Read more

• Stock market crashes today: Sensex tumbles over 800 points, Nifty50 trades below 23,000

  28-09-2026 05:54 via timesofindia.indiatimes.com
  
  Dalal Street opened the week with a significant decline as the BSE Sensex dropped by more than 500 points. This downturn was driven by investor apprehension over climbing crude oil prices and heightened geopolitical tensions in the Middle East. Concerns about India's import bill and inflation loom large amid ongoing foreign selling.
  
  Read more

• Stock market crashes today: Sensex tumbles over 600 points, Nifty50 opens below 23,000

  28-09-2026 05:54 via timesofindia.indiatimes.com
  
  Dalal Street opened the week with a significant decline as the BSE Sensex dropped by more than 500 points. This downturn was driven by investor apprehension over climbing crude oil prices and heightened geopolitical tensions in the Middle East. Concerns about India's import bill and inflation loom large amid ongoing foreign selling.
  
  Read more

• Stock market crashes: Sensex tumbles over 1,000 points, Nifty50 trades below 23,000

  28-09-2026 05:54 via timesofindia.indiatimes.com
  
  Dalal Street opened the week with a significant decline as the BSE Sensex dropped by more than 500 points. This downturn was driven by investor apprehension over climbing crude oil prices and heightened geopolitical tensions in the Middle East. Concerns about India's import bill and inflation loom large amid ongoing foreign selling.
  
  Read more

• Top stocks to buy: Stock recommendations for September 28, 2026 week - check list

  28-09-2026 04:28 via timesofindia.indiatimes.com
  
  Stock market recommendations: Pearl Global, and Indegene - these are the top stocks you can consider buying for the week starting September 28, 2026, as recommended by Motilal Oswal Wealth Management Research Desk.
  
  Read more

• Banks open today? Why 3-day bank strike has been deferred by unions; all you want to know

  28-09-2026 04:18 via timesofindia.indiatimes.com
  
  This means that all banks across the country will continue to function as usual for the strike period that had been announced September 28-30. This also assumes significance since it's the time for half yearly closing.
  
  Read more

• Oil Prices Rise Again: Trump rejects Iran proposal; markets stay volatile

  28-09-2026 04:09 via timesofindia.indiatimes.com
  
  On Monday, oil prices surged, driven by escalating tensions in the Middle East following Iran's recent peace proposal. U.S. President Trump's dismissal of the proposal has contributed to market volatility. Both Brent crude and U.S. West Texas Intermediate saw price increases, although worries over diesel exports continue to shape market sentiment.
  
  Read more

• Apple bets on heart-health features to win watch buyers

  28-09-2026 00:48 via timesofindia.indiatimes.com
  
  Apple is setting its sights on enhancing the health functionalities of its Watch tailored specifically for Indian users, hoping to broaden its customer base. The latest Series 12 and Ultra 4 models boast advanced heart rate monitoring capabilities that provide insights into recovery. A novel readiness score amalgamates activity, sleep, and heart metrics, guiding users on their health journey.
  
  Read more

Follow @India_Economy_ on Twitter!