Economy news

• BIS, comm min will work to support high-tech industries

  26-08-2026 01:15 via timesofindia.indiatimes.com
  
  Commerce and industry minister Piyush Goyalsaid that clarifications related to SEZ notification, which were flagged by some players, will also be looked at. He also said that govt is committed to making India a manufacturing base for electronics and semiconductors and offered to roll out the red carpet, including creating social infrastructure for Japanese companies and their expat employees.
  
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• On F&O expiry day, sensex sees wild swings during Closing Auction Session

  28-08-2026 00:41 via timesofindia.indiatimes.com
  
  On Thursday, within a five-minute window after the start of CAS on BSE—between 3.18pm and 3.23pm—sensex crashed over 2,200 points and then within the next seven minutes—between 3.23pm and 3.30pm—it recovered nearly 2,000 points. It finally closed at 76,934 points, down 539 points from its Wednesday close. On NSE, things were relatively quiet. Between 3.18pm and 3.22pm, Nifty slid over 100 points.
  
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• HDFC looks to appeal 99.97% haircut on claims against Zee’s Chandra

  28-08-2026 00:33 via timesofindia.indiatimes.com
  
  Assenting creditors (80.8%) contested allegations of being related parties and argued that Rs. 6.5-crore plan offered a better outcome compared to pushing the personal guarantor into bankruptcy, since Chandra’s net worth according to the resolution professional was only Rs. 31.8 crore, of which Rs. 25 crore was his mortgaged house. Chandra has disputed the Rs. 22,000-crore liability, stating it reflected historical claims filed in 2022.
  
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• HDFC shares drop 2% over CEO uncertainty, legal woes

  28-08-2026 00:28 via timesofindia.indiatimes.com
  
  HDFC Bank CEO Sashidhar Jagdishan’s tenure is set to expire on Oct 26. “There are just 2 months left and there is still no clarity about his extension/renewal. Markets have been worried about succession issues at HDFC Bank for some time now, as a result of which the stock has been weak,” said Suresh Ganapathy, an analyst with Macquarie.
  
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• Centre goes all-out to woo Japanese companies for investment

  28-08-2026 00:26 via timesofindia.indiatimes.com
  
  India, officials said, is seen to be a reliable player, which has a democracy and rule of law, in addition to a large and growing market. The pitch is also that a base in India will also help tap the large talent pool as well as traditional trade relations with West Asia and Africa, which also boasts of a large Indian diaspora.
  
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• Gaana, Fenix360 tie up to boost engagement

  28-08-2026 00:23 via timesofindia.indiatimes.com
  
  Streaming changed how the world listens to music. But for a long time, the relationship between artists and fans has largely stopped at the play button. Discovery happens on one platform, community happens on another and monetisation happens somewhere else if it happens at all. This partnership aims to close that gap. The wider ecosystem will also introduce new monetisation opportunities for artists.
  
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• ‘Govt to focus on easing processes to boost FDI’

  28-08-2026 00:20 via timesofindia.indiatimes.com
  
  Goyal said govt was keen that investment model should not only focus on large companies but the entire value chain that leads to downstream indigenisation. In paints, for instance, import of titanium dioxide, a key input, is of the tune of $1 billion and govt wants it to be manufactured in India, he said.
  
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• Daikin lines up Rs 2,800 crore fresh investment

  28-08-2026 00:16 via timesofindia.indiatimes.com
  
  During his meeting, commerce and industry minister Piyush Goyal is learnt to have suggested to Daikin Industries president and COO Naofumi Takaneka that the Japanese company should go beyond assembling compressors to also manufacture them in India, including their components. Takaneka is learnt to have responded by saying that the R&D centre will seek to develop products that are conducive for Indian climate.
  
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• India emerges as global production, innovation hub: FM

  28-08-2026 00:13 via timesofindia.indiatimes.com
  
  At a joint presser with her Canadian counterpart François-Philippe Champagne, FM said she discussed practical avenues for cooperation in the financial sector, including cross border payments, financial stability, fintech and capital markets. “We (also) explored opportunities for wider international and multilateral cooperation on issues of interest, such as critical minerals and energy security.”
  
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• Will carefully consider AI’s capital request: SIA

  28-08-2026 00:10 via timesofindia.indiatimes.com
  
  SIA made its stand clear after a Singapore opposition MP Kenneth Tiong opposed using state investor Temasek’s funds to meet AI request for more fund infusion from its twin promoters. Since Temasek owns most of SIA, the opposition Workers’ Party legislator said in a social media post Wednesday AI’s request was “not only a question for private shareholders.”
  
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• Rs 1.1 lakh cr to Rs 2.1 lakh cr: Why cost of 1st bullet train project has doubled

  27-08-2026 17:52 via timesofindia.indiatimes.com
  
  The bullet train project is also becoming a platform for India's own high-speed rail ambitions. BEML and ICF are developing India's first indigenous high-speed trainset, with the first expected to roll out in 2027. The trains are being designed for operating speeds of around 250 kmph, with a design speed of 280 kmph.
  
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• The big Indian IT sector shake-up: GCCs are hiring more than traditional tech; who is getting the jobs?

  27-08-2026 13:46 via timesofindia.indiatimes.com
  
  Global Capability Centres or GCCs which are essentially specialised offshore units of multinational companies are fast absorbing talent from the traditional IT sector. The trend suggests that India’s GCCs are emerging as an increasingly important engine of technology hiring.
  
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• MBAs bag higher salaries than engineers: Top B-schools average Rs 27.4 lakh

  27-08-2026 11:02 via timesofindia.indiatimes.com
  
  MBA roles for the class of 2026 offered average salaries that were 52% higher than those for engineering positions. The gap is expected to grow further, with MBA roles for students appearing for placements in 2026, or the class of 2027, projected to offer 59% higher pay than engineering roles.
  
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• MBA degree is paying more than engineering: Top 10 B-schools offer Rs 27.4 lakh average, while the salary premium of MBAs over engineering is set to rise from 52% to 59%

  27-08-2026 11:02 via timesofindia.indiatimes.com
  
  MBA roles for the class of 2026 offered average salaries that were 52% higher than those for engineering positions. The gap is expected to grow further, with MBA roles for students appearing for placements in 2026, or the class of 2027, projected to offer 59% higher pay than engineering roles.
  
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• Taxpayers alert! Weak rupee may push foreign assets above Rs 1 cr, raising tax bill

  27-08-2026 09:10 via timesofindia.indiatimes.com
  
  In fact, the rupee’s decline over the years, strict valuation requirements and the fact that many amounts exceed the prescribed lower limits are discouraging several taxpayers from disclosing previously unreported foreign income and assets.
  
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• Gold, silver price prediction: Will gold hit Rs 1.7 lakh/10 gms soon? Check outlook on August 27, 2026

  27-08-2026 07:46 via timesofindia.indiatimes.com
  
  Gold and silver price prediction today: MCX Gold has entered a consolidation phase at the start of the week after testing the May 2026 highs, but the fact that prices are continuing to hold around those levels is an encouraging sign that keeps the near-term trend firmly in bullish territory.
  
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• Top stocks to buy today: Stock recommendations for August 27, 2026 - check list

  27-08-2026 05:16 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Vedanta, Central Depository Services (India) Ltd (CDSL), and Ashok Leyland - Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth has picked these as the top stocks to buy on August 27, 2026. He has shared his views on Nifty and Bank Nifty:
  
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• JSW and SAIC discuss capital infusion to scale MG capacity

  27-08-2026 02:00 via timesofindia.indiatimes.com
  
  Tomahawk, the first MG SUV on the multi-powertrain ADAPT platform, will anchor the C-SUV strategy for seven-eight years, while Windsor anchors SUV-B. Both models are targeted to reach 70% localisation by 2027, with localisation rising 2-3 percentage points monthly. Jindal declined to say whether the additional funding by shareholders in MG Motor would alter the shareholders’ stakes.
  
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• Are IT cos simply raising capacity or adding value?

  27-08-2026 01:55 via timesofindia.indiatimes.com
  
  But the trend has also revived an old debate: are these deals about acquiring capabilities or simply adding to their capacity? The strategy is driven partly by the need to grow contract values as organic revenue expansion slows for Indian IT companies and artificial intelligence reshapes traditional technology spending. The strategy is not entirely new.
  
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• At 18k, India sees most mobile threat detections in 8 Apac markets: Report

  27-08-2026 01:46 via timesofindia.indiatimes.com
  
  Across the eight Apac markets studied, the average number of mobile threat detections per affected user increased 49% year-on-year to 7.3 in the first quarter, from 4.9 a year earlier. The increase came even as the overall number of users encountering threats declined, suggesting that cybercriminals are concentrating their efforts on a smaller set of targets and attacking them more repeatedly.
  
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• Foxconn looks for land parcel, Gujarat on radar

  27-08-2026 01:32 via timesofindia.indiatimes.com
  
  According to top sources in govt, Foxconn executives have surveyed the plot of land near Sanand and the company will take a call on finalising the location in the coming weeks. “The company intends to set up a mobile phone and other high-end electronics manufacturing plant,” a senior state govt official said, clarifying that Gujarat is not the only state being considered by the company for the new project.
  
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• India emerges as highest-performing market for Nestle

  27-08-2026 01:28 via timesofindia.indiatimes.com
  
  “Emerging markets are driving growth for Nestlé across the board and India is leading the pack,” Nestle’s global CEO Philipp Navratil said in his first visit to the country, after taking the helm in Sept last year. At present, India is among its top 10 markets, and the potential to move up is “on the horizon’”, he said.
  
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• Uniqlo looks for expansion, to open more India outlets

  27-08-2026 01:25 via timesofindia.indiatimes.com
  
  Goyal said there is interest on both sides in growing textiles trade. While Indian textiles players were unable to crack the Japanese market for several years due to low interest level, but some headway has been made as homegrown players now understand the requirements better in terms of understanding the quality and styles required here.
  
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• Goods exports rise 15%+, top $200 billion

  27-08-2026 01:20 via timesofindia.indiatimes.com
  
  Latest available data estimated exports during the third week of Aug at over $25 billion, a senior official said, on the condition of anonymity. Commerce and industry minister Piyush Goyal has set an ambitious target of goods and services exports reaching the $1-trillion mark for the first time. Exports have been driven by petroleum products.
  
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• Sugar leaves bitter taste as retailers impose caps

  27-08-2026 01:18 via timesofindia.indiatimes.com
  
  The closing stock for sugar season 2026 (runs from Oct to Sept) is estimated at 3.9 MMT, about 25% lower than the previous year and 40% below the five-year average of 6.5 MMT, analysts at Crisil Intelligence said in a note, prompting govt to allow import of 10 lakh tonnes of raw sugar, the first such move in a decade.
  
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• India wants to review, expand 15-year-old trade pact with Japan

  27-08-2026 00:59 via timesofindia.indiatimes.com
  
  India has been seeking a review of the agreement for several years but the Japanese side was holding out. A breakthrough of sorts was achieved last month when Prime Ministers of both countries said the two sides should discuss the pact and make it more contemporary. Bilateral trade between the two countries was pegged at $27.5 billion, with India’s exports estimated at $6 billion.
  
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• Gold may hit Rs 15 lakh per 10 grams? Billionaire investor Thomas Kaplan sees gold at $50,000 an ounce, calls another tenfold rise ‘inevitable’

  26-08-2026 17:20 via timesofindia.indiatimes.com
  
  Gold prices have corrected in the last few months from their historic highs after rising meteorically the whole of 2025. This led many to question whether the bull run in the precious metal is over.
  
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• Explained: When it makes sense to take a joint home loan and when it doesn’t

  26-08-2026 12:20 via timesofindia.indiatimes.com
  
  When two earning members of a household apply together for a loan, their combined income can potentially improve loan eligibility and help manage repayment burden more efficiently. Most banks and HFCs reiterate that adding an earning family member as a co-applicant can improve their borrowing eligibility.
  
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• Rs 30 lakh a month for an intern? India’s high-speed trading firms are in a fierce talent war

  26-08-2026 11:07 via timesofindia.indiatimes.com
  
  In a bid to attract the brightest minds, high-frequency trading firms in India are ramping up intern compensation to unprecedented levels. This surge in hiring is influenced by stricter regulations on derivatives and a lull in equity market movements. Companies such as Quadeye and Graviton Research Capital are notably enhancing their internship packages, with global firms following suit to secure top quantitative talent from leading institutions.
  
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• Why India’s rice exports to Iran may survive Trump's sanctions threat

  26-08-2026 10:50 via timesofindia.indiatimes.com
  
  India's rice exports to Iran are expected to continue despite tougher US sanctions.Demand from Iran remains firm for food security reasons, ensuring continued purchases.Indian exporters utilize alternative payment channels in countries like Turkey and the UAE.Essential goods like rice and pharmaceuticals are unlikely to face disruption.Bilateral trade has significantly declined from its previous peak levels.
  
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