Economy news

• Crypto challenge unresolved, need partners beyond regulators: FATF VP

  10-09-2026 15:02 via timesofindia.indiatimes.com
  
  Vivek Aggarwal highlighted the ongoing challenges posed by virtual assets and technology-driven fraud. He urged for enhanced collaboration among stakeholders to combat these growing threats. It is essential for both regulatory bodies and private companies to modernize their frameworks and invest in innovative solutions. India is strengthening its approach to cybercrime nationwide, emphasizing the importance of industry collaboration for effective self-regulation and risk management.
  
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• Brics nations to have a common currency? Here’s what MEA said

  12-09-2026 16:56 via timesofindia.indiatimes.com
  
  Brics nations are discussing local currency trade settlements to reduce transaction costs. There is currently no proposal for a common Brics currency among member states. This initiative aims to complement existing global payment systems and improve trade efficiency. Leaders also addressed trade barriers and the need for a strong WTO. Discussions followed eight months of work under India's Brics chairship.
  
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• Canada 'wants to make a deal very badly,' says Donald Trump

  12-09-2026 16:43 via timesofindia.indiatimes.com
  
  President Trump stated Canada desires a trade deal soon and wants farmers treated better. He also expressed a wish for Ireland to be unified eventually. Trump met with Irish Prime Minister Micheal Martin and President Catherine Connolly. The visit included engagements and a stop at his golf resort. Protests occurred in Dublin and western Ireland during the president's visit.
  
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• Data centre boom: India’s infrastructure opportunity could hit $90 billion

  12-09-2026 12:23 via timesofindia.indiatimes.com
  
  India's data centre industry is poised for a substantial $90 billion opportunity by FY35, catalyzed by rising demand for construction, cooling, and power infrastructure. The surge in artificial intelligence will further heighten energy and cooling requirements. While domestic firms can tap into this market, they will still rely on imports for specialized components. Strategic collaboration is crucial to transforming this potential into functional capacity.
  
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• CAS closing price under review: Sebi proposes 2 options for expiry settlement

  12-09-2026 11:55 via timesofindia.indiatimes.com
  
  The Securities and Exchange Board of India (Sebi) is actively exploring modifications to how derivative settlement prices are calculated. Two alternative methods are currently up for review, inviting stakeholder feedback. These revisions aim to alleviate concerns related to the price from the closing auction session. Stakeholders have until October 3rd to share their insights on adopting a blended VWAP or maintaining the status quo with the existing methodology.
  
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• Minor had Rs 1.17 crore interest income, father faced Rs 12.83 lakh penalty; what ITAT did

  12-09-2026 10:36 via timesofindia.indiatimes.com
  
  The ruling arose from the tax dispute involving a man in New Delhi. He filed his income tax return on November 4, 2022, reporting total income of Rs 8.43 crore. The case was subsequently reopened by the Income Tax Assessing Officer (AO) at Jhandewalan on March 22, 2025.
  
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• Nvidia weighs $10 billion investment in Anthropic’s mega IPO: Report

  12-09-2026 06:49 via timesofindia.indiatimes.com
  
  Anthropic, an artificial intelligence firm, is gearing up for a landmark initial public offering that could reshape the tech landscape. Reports indicate that Nvidia is eyeing a sizable investment in this IPO, which could fortify their strategic partnership. With heavyweight support from industry leaders like Amazon and Google, Anthropic aspires to achieve a remarkable valuation of two trillion dollars by the year's end.
  
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• Ice cream to defence: How Canada’s tariff war with US is boosting local businesses

  12-09-2026 05:45 via timesofindia.indiatimes.com
  
  Canadian businesses are experiencing increased sales due to a 'buy Canadian' movement. Local ice cream and gift shops report significant sales boosts from consumers. Wineries also saw demand rise after American alcohol was removed from shelves. Defence manufacturers are finding new opportunities and looking beyond the US market. However, some retailers face price pressures and increased operational costs.
  
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• US diesel prices at record $6: American farmers feel the heat as harvest season begins

  12-09-2026 04:29 via timesofindia.indiatimes.com
  
  With diesel prices hitting unprecedented levels, US farmers are grappling with steep fuel expenses that have doubled. This dramatic rise is disrupting essential operations for corn and soybean harvests, jeopardizing profitability and financial health. Additionally, the elevated diesel costs are hindering the logistics of moving harvested crops to market. Consequently, many farmers are contemplating delaying their tasks in hopes that prices will decrease soon.
  
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• AI corners 80% of all global equity funding in March quarter

  12-09-2026 01:03 via timesofindia.indiatimes.com
  
  Global funding for AI reached a remarkable $226 billion by the end of March this year, accounting for nearly eighty percent of the total equity funding landscape. Companies like OpenAI and Anthropic attracted significant investments earlier this year, but they are also facing increasing scrutiny regarding ethical considerations and the risks associated with AI technologies. Investors are now honing in on the critical intelligence layer within the AI stack.
  
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• FM calls for tech body for stronger global voice

  12-09-2026 00:59 via timesofindia.indiatimes.com
  
  In a bold move for India's tech sector, Finance Minister Nirmala Sitharaman has unveiled a federated industry platform designed to amplify the industry's global presence. This platform will proactively liaise with international governments and regulators while fostering collaboration on data and cybersecurity standards. The goal is to equip Indian companies with the tools needed to confidently expand into new markets and assert their place on the world stage.
  
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• Days after Bhatt, another director quits Coforge board

  12-09-2026 00:46 via timesofindia.indiatimes.com
  
  Coforge has experienced a shakeup as independent director DK Singh resigns amid tensions over the board’s strategy. His departure follows the resignation of chairman OP Bhatt, sparked by an internal audit that uncovered issues with the evaluation report. The audit revealed that important evaluation findings were not shared with all directors, spotlighting serious governance weaknesses that KPMG has flagged, which the company now needs to rectify.
  
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• NSE reduces public offer size to 22.6k crore, issue opens Sept 17

  12-09-2026 00:27 via timesofindia.indiatimes.com
  
  Bourse's Shares Slotted To Be Listed On BSE On Sept 24
  
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• RBI moves to suck out excess liquidity

  12-09-2026 00:15 via timesofindia.indiatimes.com
  
  As Forex Reserves Swell To All-Time High Of $786Bn, RBI Announces Sale Of 1L Cr Bonds
  
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• 2 homebuyers paid Rs 1.16 crore, got no flats; RERA orders builder to refund with interest

  11-09-2026 19:02 via timesofindia.indiatimes.com
  
  The Maharashtra Real Estate Regulatory Authority has directed the developer to refund the amounts paid, along with applicable interest, after noting that the project remained incomplete and its registration had lapsed without an extension.
  
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• US stocks today: Wall Street inches higher as oil prices ease, inflation data calms markets

  11-09-2026 17:43 via timesofindia.indiatimes.com
  
  On Friday, US stocks saw a rise, buoyed by a decline in oil prices and inflation data that matched analysts' projections. The S&P 500 and Nasdaq composite both recorded gains, while the Dow Jones Industrial Average also improved. Despite inflation remaining high, it fell in line with expected rates, prompting speculation about a Federal Reserve interest rate hike.
  
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• India's forex reserves surge record $44.9 billion to all-time high of $785.7 billion

  11-09-2026 16:57 via timesofindia.indiatimes.com
  
  India has achieved a remarkable milestone with its foreign exchange reserves soaring to an impressive $785.706 billion. This upswing comes on the heels of a notable rise in the previous week, primarily fueled by robust foreign currency assets. The central bank's proactive steps attracted more than USD 136 billion in fresh inflows. Conversely, there was a slight dip in the value of India's gold reserves during that period.
  
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• In 2010, India launched Aadhaar Card; 16 years later UIDAI says work underway to take Aadhaar global

  11-09-2026 15:26 via timesofindia.indiatimes.com
  
  Speaking during a fireside chat at Global Fintech Fest 2026, UIDAI CEO Saurabh Vijay said his objective is to build Aadhaar into a best-in-class digital identity infrastructure that can support its expansion internationally.
  
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• Uber exits Nigeria, Uganda: Why Africa's ride-hailing market is getting tougher

  11-09-2026 13:34 via timesofindia.indiatimes.com
  
  Uber has officially ended its operations in Nigeria and Uganda, marking a significant retreat from these markets. This decision comes as a result of escalating operating expenses and fierce competition, which have negatively impacted ride-hailing fares and driver earnings. Rising costs for fuel and vehicle upkeep weighed heavily on drivers' incomes. Despite this setback, Uber continues to prioritize other sub-Saharan African markets where growth seems promising.
  
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• ‘AI a double-edged sword’: FM Sitharaman flags innovation risks, urges efficiency without fragility

  11-09-2026 12:55 via timesofindia.indiatimes.com
  
  Finance Minister Nirmala Sitharaman addressed artificial intelligence risks at the Global Fintech Fest 2026. She highlighted technology's potential to influence public opinion and electoral outcomes. The Reserve Bank of India recognized the Unified Fintech Forum as a self-regulatory organization. Sitharaman emphasized balancing innovation with necessary risk mitigation measures. India's young population is driving innovation and economic growth, she stated.
  
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• EPFO delayed retiree’s Rs 14.06 lakh PF claim by 35 days; court orders 6% interest

  11-09-2026 12:46 via timesofindia.indiatimes.com
  
  A consumer court has ordered the Employees' Provident Fund Organisation (EPFO) to pay 6 per cent annual interest to a retired employee after finding a 35-day delay in the settlement of his provident fund claim worth more than Rs 14 lakh.
  
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• UPI now dominates merchant payments: Are cards becoming less useful?

  11-09-2026 12:36 via timesofindia.indiatimes.com
  
  UPI now dominates Indian merchant payments, significantly reducing card usage. Debit cards are primarily used for cash withdrawals, not shopping. Credit cards are specializing in larger purchases and e-commerce transactions. RuPay credit cards can now link directly to UPI apps. The QR code scan is becoming the default checkout method for everyday purchases.
  
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• No-stop toll plazas by March 2027? Nitin Gadkari sets deadline for barrier-free system

  11-09-2026 12:27 via timesofindia.indiatimes.com
  
  India is set to roll out a barrier-free digital tolling system by early 2027, allowing vehicles to glide past toll booths without stopping. The integration of number-plate recognition with existing FASTag technology promises to streamline the toll collection process even further. Motorists will experience a new level of convenience as the One Tag system is introduced, significantly reducing wait times and enhancing overall travel efficiency.
  
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• IRCTC books record 20.06 lakh train tickets in a day amid festive rush

  11-09-2026 11:32 via timesofindia.indiatimes.com
  
  According to IRCTC, its website handled a huge rush on September 7, 2026. The ticket booking websiteregistered its highest-ever single-day booking, with 20,06,353 tickets booked. The record was achieved amid festive-season ARP booking.
  
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• Gold price prediction: Is it time to buy gold on dips? Check September 11, 2026 outlook

  11-09-2026 09:13 via timesofindia.indiatimes.com
  
  Gold has recovered sharply from the lower portion of its recent trading range and is now moving towards the upper side of the short-term structure.
  
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• Indian in Kuwait sent Rs 1.09 crore, no ITR; ITAT deletes Rs 5.52 lakh, checks Rs 2.5 crore

  11-09-2026 08:49 via timesofindia.indiatimes.com
  
  The absence of an original ITR became a key issue. Although the department had information about the substantial sums held in his Indian accounts, there was no tax return on record explaining their nature and source.
  
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• Top stocks to buy today: Stock market recommendations for September 11, 2026 - check list

  11-09-2026 07:50 via timesofindia.indiatimes.com
  
  Stock market recommendations: Finolex Cables, Adani Ports, and Emmvee Photovoltaic Power are the top stocks to buy today on September 11, 2026, identified and recommended by Hitesh Rathi, Technical Analyst (Equity & Derivatives) at Angel One
  
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• Rupee tumbles 27 paise against US dollar as crude prices hold firm above $108 per barrel

  11-09-2026 06:39 via timesofindia.indiatimes.com
  
  The Indian Rupee weakened against the US dollar on Friday, extending its previous day's losses.High crude oil prices and foreign portfolio outflows continued to exert downward pressure.Supportive factors like forex reserves and RBI intervention were insufficient against these headwinds.Investors now await US and Indian inflation data for market direction.Domestic stock markets also experienced declines as foreign investors sold shares.
  
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• ‘Key growth engine’: IMF hails India’s 7.8% growth, backs GDP estimate changes

  11-09-2026 05:42 via timesofindia.indiatimes.com
  
  India's economy showcased remarkable resilience by achieving a robust 7.8 percent GDP growth for the April-June quarter, surpassing forecasts. The strength of the services and export sectors contributed significantly to this success. The International Monetary Fund lauded India's economic achievements and its pivotal role as a global growth driver, also acknowledging improvements in macroeconomic statistics and data quality. This comes amid ongoing evaluations of India's latest GDP figures.
  
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• Oil touches $107 per barrel as Hormuz remains choked for over six months

  11-09-2026 04:03 via timesofindia.indiatimes.com
  
  This week, oil prices surged past a hundred dollars per barrel amidst growing worries over supply disruptions caused by attacks on shipping routes in the Middle East. US fuel prices reflect this trend as supply chains experience strain. The trajectory of future oil prices will heavily depend on China's import choices, with OPEC adjusting its global oil demand growth forecast for 2026.
  
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