Economy news

• Indians buying gold at Rs 5,000 per 10 grams discount on cash deals

  29-09-2026 16:33 via timesofindia.indiatimes.com
  
  For bulk purchases, such off-the-record cash deals can bring prices down by as much as 6% from prevailing market rates. Dealers who take cash can avoid certain taxes and share some of those savings with buyers. The revival of this informal market is an unintended outcome of a policy intended to reduce India’s demand for gold.
  
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• Son died, LIC denied father Rs 5 lakh over heart condition; Commission orders payout with interest

  29-09-2026 14:25 via timesofindia.indiatimes.com
  
  The Commission referred to a National Consumer Disputes Redressal Commission decision concerning "silent diseases", observing that a person may not necessarily be aware of a condition until it aggravates and symptoms become apparent. It also referred to a Punjab and Haryana High Court judgment concerning repudiation of insurance claims.
  
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• Trade irony amid Trump threat: Why Russia is buying its own oil as fuel from India

  29-09-2026 14:12 via timesofindia.indiatimes.com
  
  The underlying issue is not Russia's access to crude oil but its ability to convert crude into usable fuels.Refinery outages and infrastructure disruptions have constrained domestic production, forcing Russia to import products such as gasoline. In terms of magnitude, Russia’s import volume of oil products is not colossal. However, Russia, formerly the world’s largest oil-product exporter, now faces additional logistical costs
  
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• Nitin Gadkari: Rs 61,500 crore, 630-km highway to link Siliguri, Guwahati, Shillong

  29-09-2026 10:38 via timesofindia.indiatimes.com
  
  The project is estimated to cost Rs 61,500 crore. The road transport ministry has also initiated an expressway connectivity project between Gorakhpur in Uttar Pradesh and Siliguri. Once these projects are complete, a high-speed highway connectivity will be established between Uttar Pradesh and the North East.
  
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• Gold price outlook: Gold under extreme pressure; analyst sees rallies as opportunity to sell

  29-09-2026 09:29 via timesofindia.indiatimes.com
  
  Gold price prediction: Gold is under extreme downside pressure on exponential rise in real yields and a firmer US Dollar on robust US data and hawkish Federal Reserve. It is to be noted that the Fed officials continue to maintain a hawkish view post-FOMC decision.
  
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• Family found Gulmarg hotel missing, spent night in car at -4C; travel portal to pay Rs 48,775

  29-09-2026 08:17 via timesofindia.indiatimes.com
  
  The advocate had reportedly reserved a family room at an inn in Srinagar for December 27 and 28, 2025. He paid Rs 5,788 for the booking. For the next leg of the trip, he booked two rooms at a hotel Gulmarg for December 28 and 29 at a cost of Rs 12,987.
  
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• Sensex, Nifty extend slide: Stock market crash continues as oil and yields rattle sentiment

  29-09-2026 07:06 via timesofindia.indiatimes.com
  
  Dalal Street was also tracking the broader weakness across global markets. US stocks ended the previous session sharply lower, with the tech-heavy Nasdaq falling more than 0.9% and the S&P 500 declining around 0.8%. At around 10:25 AM, Nifty50 was trading at 22,586.60, down 194 points or 0.85%. BSE Sensex was at 72,138.99, down 633 points or 0.87%.
  
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• Infosys to shift a third of 320,000 staff into specialist roles; here’s why

  29-09-2026 06:36 via timesofindia.indiatimes.com
  
  Infosys has more than 320,000 employees, but the growing impact of AI on billing models based on the number of people deployed on projects is putting pressure on the traditional headcount-driven pricing structure. The Bengaluru-headquartered IT services company is recruiting talent from leading Indian institutes as well as US campuses, with the company often competing with AI labs for the same pool of candidates.
  
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