Economy news

• For global scale banks, EAC-PM seeks mergers

  26-08-2026 01:22 via timesofindia.indiatimes.com
  
  Beyond consolidation, banks need to narrow the credit-deposit gap, mobilise stable low-cost deposits and curb concentration in high-risk unsecured retail loans while expanding credit to MSMEs, infrastructure and green investments. To measure efficiency, the study treated banks as institutions that use resources such as fixed assets, borrowed funds, operating expenses and employee costs to generate loans, deposits, investments and net profits.
  
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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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• 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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• India’s 1st hydrogen train travels 6,000 km; cuts 36,444 kg CO2 emissions

  26-08-2026 09:56 via timesofindia.indiatimes.com
  
  India’s first hydrogen train consists of 10 coaches and can accommodate 2,600 passengers. It operates between Jind and Sonipat in Haryana with a maximum operating speed of 75 kmph, although the train has been designed to reach 110 kmph.
  
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• Gold price prediction today: Why gold prices are rising? Check August 26, 2026 outlook

  26-08-2026 07:54 via timesofindia.indiatimes.com
  
  Gold price prediction today: Gold prices are showing a positive bias, and while short-term news related fluctuations may occur, the long-term outlook is bullish, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• Top stocks to buy today: Stock recommendations for August 26, 2026 - check list

  26-08-2026 07:46 via timesofindia.indiatimes.com
  
  Stock market recommendations: Tata Steel, Max Healthcare Institute, and Narayana Hrudayalaya - these are the top stok picks from Mehul Kothari, DVP - Technical Research at Anand Rathi Shares for August 26, 2026:
  
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• Bank holiday today: Are banks open or closed on August 26? Check state-wise details

  26-08-2026 06:00 via timesofindia.indiatimes.com
  
  Mark your calendars: many bank branches will observe closures on Wednesday, August 26, for the Id-E-Milad and Thiruvonam festivals. Although branches will be closed, customers can still use ATMs and online services. Don’t forget that banks will also shut down for a regular holiday on Sunday, August 30, followed by Raksha Bandhan closures on August 28.
  
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• Stock market operations on August 26: Are NSE, BSE open or closed today for Eid-e-Milad?

  26-08-2026 05:30 via timesofindia.indiatimes.com
  
  On Eid-e-Milad, the Indian stock market will continue its trading operations as usual. However, it's important to note that August 26 marks a settlement holiday for all stock exchanges. This implies that while daily trading activities proceed, the processing of funds and securities will be temporarily halted, leading to a one-day delay in eligible trade settlements. The commodity markets will function regularly, but the currency markets will be closed.
  
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• Businesses concerned over India, Japan trade deal: Ficci president Anant Goenka

  26-08-2026 01:29 via timesofindia.indiatimes.com
  
  The comments came a day after commerce and industry minister Piyush Goyal’s nudge to Japanese steel makers to source products from India, wherever it was available. Goenka also flagged challenges faced by pharma companies in registering their products in Japan. “That issue was raised as well, this is a challenge that is there… Pharma companies cannot even register their products yet in Japan.”
  
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• Zee moves SAT, seeks one-day extension for warrant subscription

  26-08-2026 01:25 via timesofindia.indiatimes.com
  
  SAT had earlier allowed Zee to raise funds through warrants and gave the broadcaster a week to complete the subscription. That deadline fell on Aug 21. Zee allotted about 21 crore warrants at Rs 126 apiece to Sunbright Mauritius Investments, a promoter group entity, on that date. Sunbright had paid 25% of the amount — about Rs 660 crore — at allotment.
  
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• 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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• RBI turns net buyer of dollars in June

  26-08-2026 01:12 via timesofindia.indiatimes.com
  
  The shift narrowed RBI’s cumulative net sales for the fiscal year to -$14.5 billion and reduced its outstanding forward short position to -$103.3 billion. In the currency futures market, purchases and sales were balanced at $2.9 billion each, leaving zero net outstanding futures. The dollar purchases came as resident Indians increased outward remittances under the Liberalised Remittance Scheme.
  
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• Federal Bank shares fall post merger talks

  26-08-2026 01:09 via timesofindia.indiatimes.com
  
  Jana Small Finance Bank has sought a universal banking licence from RBI. RBI returned its initial application in June 2025, leaving the lender open to making a future submission. Jana was among the microfinance lenders that received a specialised banking licence in 2017. It began operations as a small finance bank in March and went public in Feb 2024.
  
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• RBI flags price risks, 2nd time in August

  26-08-2026 01:05 via timesofindia.indiatimes.com
  
  Industrial activity also remained supportive. PMI data showed that firms’ expectations for future output improved, pointing to a positive outlook for demand and new business opportunities. The economy, the article said, “continued to display strength notwithstanding these headwinds”, while retail inflation in Q1:2026-27 reflected limited pass-through of cost pressures and growth remained resilient.
  
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