Economy news

• Loans set to get dearer as RBI hikes repo rate after 44 months

  07-10-2026 23:21 via timesofindia.indiatimes.com
  
  The Reserve Bank of India has announced a 25 basis points increase in the repo rate to 5.5%. This decision reflects growing inflation pressures and stronger than anticipated economic growth. The rise in interest rates will lead to higher loan EMIs, impacting consumption during the festive season. Banks are expected to increase fixed deposit rates following this policy change.
  
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• RBI’s big move: Your consolidated account statement will now have details of MFs, stocks & FDs!

  07-10-2026 18:27 via timesofindia.indiatimes.com
  
  For individuals who receive a CAS, this means information on their mutual funds, stocks and, going forward, fixed deposits (FDs) can be viewed together in one place. The change will allow demat account holders to see details of their demat holdings as well as bank deposit accounts together in a single CAS.
  
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• Woman got Rs 12.28 lakh, but sought maintenance from granddaughter & son’s widow; Court rejects plea

  07-10-2026 16:31 via timesofindia.indiatimes.com
  
  An 83-year old retired woman in Kerala filed a case seeking monthly maintenance payment of Rs 15,000 and also claimed a share in the widow family pension. The woman is a retired employee of the Kerala Government Fisheries Department and receives a pension following her retirement. The court said it was unable to understand the basis for such an argument.
  
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• Housing society sought defaulter tag over Rs 1.42 lakh dues; court gives doctor interim protection

  07-10-2026 13:27 via timesofindia.indiatimes.com
  
  The man, a doctor in Mumbai, owns a ground-floor unit in Building No. 1 of the housing society. He said he was willing to pay the maintenance charges, but the society had not issued him any bills since 2014. By April 2015, the outstanding maintenance amount had risen to Rs 1.42 lakh. The housing society told the court that it was seeking recovery of the dues along with 18% simple interest.
  
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• After 3.5 years, RBI hikes repo rate: How does it impact your EMIs & loan interest payout? Explained

  07-10-2026 12:56 via timesofindia.indiatimes.com
  
  Why does a hike in repo rate hit your pocket? Does the repo rate hike mean an automatic increase in your loan EMIs? Is it better for you to opt for an EMI hike or an extension of your loan tenor? And how does this step from RBI help people looking to invest in fixed deposits? We decode:
  
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• Dinar Weakens Against Dollar: Iraq resets rate to 1,500 per US dollar; market crosses 1,700

  07-10-2026 12:19 via timesofindia.indiatimes.com
  
  Iraq has officially established a new currency conversion rate of 1,500 dinars for every dollar, responding to recent market instability. The reality, however, shows the market rate has surged past 1,700 dinars due to persistent economic obstacles. Factors including the US-Iran tensions and shipping disruptions through the Strait of Hormuz have intensified the crisis.
  
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• Starlink gets India-ready with 20 gateway sites, local data controls

  07-10-2026 11:15 via timesofindia.indiatimes.com
  
  Starlink has completed a major ground infrastructure with 20 gateway sites and hundreds of antennas in India. The company has developed security controls to keep Indian users’ data within India while engaging with local regulators. Starlink has been granted licenses to operate in India after five years of collaboration with industry stakeholders. Lauren Dreyer highlighted India's digital advancements during her speech at the India Mobile Congress.
  
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• RBI governor Sanjay Malhotra on what happens if India-US trade deal is not finalised

  07-10-2026 09:22 via timesofindia.indiatimes.com
  
  India-US trade dea: Asked about the possible impact on the economy if the India-US trade deal is not finalised, RBI governor Sanjay Malhotra said, “The impact depends on what extent tariffs are going to be applied. So it's premature to answer. But obviously, it will have some negative impact. At the same time, we have had a number of trade agreements now in the recent past."
  
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• Why RBI hiked repo rate by 25 basis points to 5.5% in the MPC review

  07-10-2026 08:55 via timesofindia.indiatimes.com
  
  Two factors worked to decide MPC’s move: inflationary pressures persist and growth is beating estimates. Hence, a hike in repo rate, while helping keep inflation in check, is unlikely to substantially impact GDP growth. The Indian economy has remained robust, with growth momentum spread across various segments. The committee expects the economy to retain its resilience.
  
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• Gold price prediction today: Where is gold headed on October 7, 2026?

  07-10-2026 08:10 via timesofindia.indiatimes.com
  
  Gold price prediction today: The big event is the Fed's September meeting minutes, due out Wednesday, which should offer more clarity on how policymakers are thinking about further rate hikes. Markets are already leaning dovish for October, but December hike odds remain high at over 85%, so any hawkish surprise in the minutes could shift sentiment quickly.
  
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• Man’s VRS payout of Rs 65.21 lakh taxed as salary; ITAT Pune says it is capital receipt

  07-10-2026 06:44 via timesofindia.indiatimes.com
  
  The man had been employed in Aurangabad. During FY 2018-19, his employer shut down its Aurangabad plant and introduced a financial scheme for its employees. The man opted for voluntary retirement under the scheme and received a total payment of Rs 65,21,105. The amount consisted of ex-gratia/severance pay, early bid and group participation incentives, and payment towards the notice period.
  
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• Amazon Prime becomes 'permanent home' for Emmy Awards as 'Wheel Deal' system ends

  07-10-2026 05:32 via timesofindia.indiatimes.com
  
  The Emmys are set to make a major shift by 2027, transitioning entirely to streaming on Amazon's Prime Video. This move marks the end of a long-standing tradition of major networks sharing broadcast duties. For global audiences, the awards ceremony will be accessible live and free of charge without needing a Prime subscription, showcasing the industry's response to changing viewing preferences.
  
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• Top stocks to buy today: What are the stock recommendations for October 7, 2026?

  07-10-2026 04:28 via timesofindia.indiatimes.com
  
  Stock market recommendations: Zensar Technologies, Netweb Technologies India, and Nippon India ETF Nifty IT - these are the top stocks to buy today on October 7, 2026 as recommended by Mehul Kothari, DVP of Technical Research at Anand Rathi Shares.
  
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• Brent crosses $101 as Saudi attacks, US storm add to oil supply concerns

  07-10-2026 03:49 via timesofindia.indiatimes.com
  
  Rising oil prices, now exceeding 1%, raise alarms over potential storm disruptions affecting U.S. oil production and refineries. With Brent crude passing $101 per barrel and WTI crude hitting $90.38, concerns are amplified by supply issues from Saudi Arabia and mixed signals on U.S. inventories. Coupled with ongoing tensions between Saudi Arabia and Yemen's Iran-aligned Houthis, analysts predict sustained high prices unless significant diplomatic progress is made.
  
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• Cabinet OKs 10,000 crore SME growth fund

  07-10-2026 03:28 via timesofindia.indiatimes.com
  
  The Union Cabinet has approved the establishment of a Rs 10,000 crore SME Growth Fund for small and medium enterprises. This initiative aims to provide equity, liquidity, and professional support to foster growth. Existing funds typically support early-stage micro enterprises, leaving a gap for SMEs needing growth capital. The fund will focus on enterprises in Tier II and Tier III industrial clusters.
  
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• 4G mobiles make a comeback on costlier 5G smartphones

  07-10-2026 02:49 via timesofindia.indiatimes.com
  
  India is experiencing a noticeable slowdown in the shift to 5G smartphones due to rising costs. As a result, the demand for 4G devices is increasing, especially in the Rs 10,000-20,000 segment. More smartphone brands are now offering 4G models as consumers seek better specifications without the 5G price tag. Analysts indicate that this shift to 4G may persist as component costs remain high.
  
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• Volatility triggered by CAS surges on NSE on expiry day

  07-10-2026 02:36 via timesofindia.indiatimes.com
  
  The Closing Auction Session faced volatility as weekly derivatives contracts expired in Indian markets. Nifty surged over 300 points and then dropped significantly while Sensex also fluctuated. This market movement occurred due to falling Brent crude oil prices and global market cues. Investors remained cautious ahead of the RBI policy decision on inflation and potential tightening.
  
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• World Bank raises India's FY27 growth forecast to 7.1%

  07-10-2026 02:27 via timesofindia.indiatimes.com
  
  The World Bank has revised India's economic growth projection to 7.1% for 2026-27, up from an earlier estimate. Strong domestic demand and exports are expected to support this growth despite global challenges. The Indian economy's performance in the first quarter of the current financial year has led to upgrades from various global entities. Agricultural output may be affected by sub-par monsoons, impacting rural demand and food inflation.
  
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• FMCG Q2: Margins under pressure

  07-10-2026 02:15 via timesofindia.indiatimes.com
  
  Fast-moving consumer goods companies are experiencing increased commodity costs, alongside the impact of weak monsoons on consumption. Despite these challenges, companies are projecting revenue and volume growth for the quarter. However, analysts expect profitability pressures to continue, which may limit earnings surprises. Selective price hikes have negated some benefits from GST cuts in the domestic market. Overall, the outlook remains cautious as companies monitor inflationary conditions clo
  
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• E-way bills point to fertiliser diversion

  07-10-2026 02:12 via timesofindia.indiatimes.com
  
  The introduction of the e-way bill has significantly improved the tracking of fertiliser movement across India. Preliminary checks during the fertiliser crisis revealed diversion of goods meant for designated locations. The government is keen to combat such activities, especially following the increased pressure on fertiliser prices. A parliamentary committee highlighted instances of leakage and unauthorized movement during transportation.
  
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• Most GST refunds may be processed within 17 days

  07-10-2026 02:04 via timesofindia.indiatimes.com
  
  The GST Council intends to shorten the refund processing period to around 17 days for businesses. It will also work to automate registering for a GST number to speed up the process. For small businesses operating in multiple states, avoiding repetitive registrations will be considered. Additionally, the proposal includes eliminating physical verification for registration cancellations. Changes will allow input tax credit on various business-related expenses to facilitate smoother operations.
  
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