Economy news

• Irdai plan to help check mis-selling, raise returns

  03-10-2026 04:30 via timesofindia.indiatimes.com
  
  Irdai has introduced proposed guidelines aimed at reshaping the commission and expense structures for insurance distribution. This shift focuses on reducing reliance on high commission models, favoring a more customer-oriented strategy. Key proposals include imposing limits on commissions for products and introducing remuneration based on distributors' efforts. This pivotal change could greatly affect brokers and online platforms, with shares already experiencing a decline.
  
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• South Korea ships over 150,000T fuel to Russia while backing Ukraine financially

  06-10-2026 07:21 via timesofindia.indiatimes.com
  
  In a nuanced twist, South Korea has been sending considerable quantities of diesel fuel to Russia even as it lends support to Ukraine amidst the ongoing invasion. Recent months have seen multiple shipments, indicating a complex dynamic between the two nations. Notably, this fuel trade continues despite South Korea's promise to aid Ukraine with essential military support and humanitarian assistance.
  
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• Man gets 6 flats under builder deal, transfers 5 to wife; gets tax notice for Rs 4.14 crore additions

  06-10-2026 06:48 via timesofindia.indiatimes.com
  
  The assessing officer made two major additions in this case. The first, Rs 1,93,78,293, was treated as long-term capital gains on the ground that the man had converted a capital asset into stock-in-trade. The second, of Rs 2,20,98,985, was treated as business income arising from the alleged sale of that stock-in-trade.
  
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• Google nears $1 billion-plus nuclear power deal with Constellation amid AI boom

  06-10-2026 05:51 via timesofindia.indiatimes.com
  
  Google is close to finalizing a deal to procure nuclear power from Constellation Energy to support its data centres. This agreement, anticipated to exceed $1 billion, aims to provide reliable electricity amid rising demands from artificial intelligence. In recent months, Google has secured deals with other nuclear firms to enhance its energy capacity. The renewed interest in nuclear power arises from the growing need for sustainable electricity sources.
  
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• Which are the top stocks you should buy or sell on October 6, 2026?

  06-10-2026 05:12 via timesofindia.indiatimes.com
  
  Stock market recommendations: Dixon Technologies, GAIL, and Prestige Estates Projects have been identified as the top stocks to sell bySomil Mehta, Head of Retail Research, Mirae Asset ShareKhan on October 6, 2026.
  
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• Oil prices hover near $100 as Middle East supply holds up, Gulf risks persist

  06-10-2026 04:34 via timesofindia.indiatimes.com
  
  Oil prices are currently around $100 a barrel as stable Middle Eastern exports ease supply concerns. However, ongoing regional conflicts, including Houthi attacks, raise risks of disruptions. Officials indicate that rebuilding global oil stockpiles could take years due to significant withdrawals. Industry executives predict that demand recovery may not occur until 2028 or 2029. Prices may stabilize at around $70 a barrel depending on future production levels.
  
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• Trump signs order to ease diesel costs, ‘save millions of dollars’ for farmers

  06-10-2026 03:47 via timesofindia.indiatimes.com
  
  In response to rising diesel prices, US President Donald Trump has enacted an executive order designed to alleviate financial pressures across multiple sectors. This order is anticipated to substantially cut fuel costs for farmers and truck drivers, ultimately contributing to lower grocery prices. Additionally, it urges states to expand access to tax-free red-dyed diesel and consider lifting specific fuel taxes.
  
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• Pete and Jim, this should absolutely ensure your election, I guarantee you that

  06-10-2026 03:47 via timesofindia.indiatimes.com
  
  In response to rising diesel prices, US President Donald Trump has enacted an executive order designed to alleviate financial pressures across multiple sectors. This order is anticipated to substantially cut fuel costs for farmers and truck drivers, ultimately contributing to lower grocery prices. Additionally, it urges states to expand access to tax-free red-dyed diesel and consider lifting specific fuel taxes.
  
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• Flying to get costlier as IndiGo hikes fuel surcharge

  06-10-2026 03:10 via timesofindia.indiatimes.com
  
  IndiGo plans to raise its fuel surcharge due to rising aviation turbine fuel prices and increasing operational costs. The surcharge increase for domestic flights will be between Rs 100 and Rs 350 per sector, effective from October 6, 2026. International flights will see surcharges increase by up to Rs 2,500 per sector. Other airlines are expected to implement similar price hikes in response to these changes.
  
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• RBI swap scheme boosts private banks' Q2 business numbers

  06-10-2026 03:03 via timesofindia.indiatimes.com
  
  Private banks witnessed considerable credit and deposit growth in the second quarter of FY27. This growth was driven by the RBI's concessional dollar-rupee swap facility for FCNR(B) deposits. Major banks like Axis Bank, Kotak, and HDFC Bank reported varying growth figures, showing the impact of international branches. Although headline numbers appeared strong, underlying growth was more moderate after adjustments.
  
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• Govt likely to sign BIT with Saudi Arabia

  06-10-2026 02:58 via timesofindia.indiatimes.com
  
  India plans to sign a bilateral investment treaty with Saudi Arabia, allowing quicker arbitration for investors. The exhaustion of legal remedies period has been reduced from five years to two years for Saudi Arabia. This decision is significant due to the interest of Saudi Aramco in investing in Indian refineries. The government aims to increase foreign direct investment inflows by making concessions in agreements.
  
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• Proposed GST changes positive for business: Experts

  06-10-2026 02:29 via timesofindia.indiatimes.com
  
  Proposed changes to the GST regime are expected to benefit businesses, improving cash flow and refunds. A refund on accumulated GST for input services and capital goods may help manufacturers significantly. The GST Council will discuss the rationalization of ITC, which has long been an issue for businesses. Decriminalization of certain GST provisions aims to create a more business-friendly environment in India.
  
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• Sir Dorabji Tata Trust asked to respond to Venu complaint in a week

  06-10-2026 02:22 via timesofindia.indiatimes.com
  
  Maharashtra Charity Commissioner has requested Sir Dorabji Tata Trust to provide a response by October 12. Complaints were filed by vice-chairmen Venu Srinivasan and Vijay Singh regarding governance issues. They allege the trust has overstepped its charitable mandate by interfering in Tata Sons' affairs. The commissioner may decide to hold a hearing or rule based on submitted complaints. This governance dispute could significantly impact the functioning of Tata Group companies.
  
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• Sebi keeping close watch on improper tips: Tuhin Kanta Pandey

  06-10-2026 02:18 via timesofindia.indiatimes.com
  
  To protect investors, Sebi is actively removing 6,000 to 7,000 unauthorized stock tips from social media each month. The regulatory body aims to educate investors about financial risks and prevention of fraud. Project Jagrook was launched to improve investor education and promote informed investment practices across the country. Sebi differentiates between responsible finfluencers and those who operate without regulation or engage in fraudulent schemes.
  
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• Team Noel hits back at Vijay Singh, Venu Srinivasan

  06-10-2026 02:04 via timesofindia.indiatimes.com
  
  Four trustees of Sir Dorabji Tata Trust responded to accusations from vice-chairmen Venu Srinivasan and Vijay Singh. The trustees claimed the vice-chairmen breached fiduciary duties by not discussing concerns directly with them. They emphasized that Noel Tata's merger proposal aimed to maintain Tata Sons' unlisted status. Additionally, they stated that the complaints sent by Srinivasan and Singh were not shared with co-trustees.
  
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• Woman declares Rs 67.4 lakh ancestral jewellery in ITR; tax dept sends notice, she wins in ITAT

  05-10-2026 23:23 via timesofindia.indiatimes.com
  
  The assessment threw up two separate issues. The first concerned jewellery worth Rs 67,39,949 that the woman had disclosed in Schedule AL of her income tax return. The tribunal also examined whether the Rs 12 lakh paid to the HUF represented a genuine brokerage expense when the same person, the HUF's Karta/coparcener, had already received another Rs 12 lakh for the same transaction.
  
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• Indian workers spend Rs 785 monthly on commute; urban travel cost to office 70% higher: Govt survey

  05-10-2026 20:52 via timesofindia.indiatimes.com
  
  According to the National Household Travel Survey, Indian workers spend an average of Rs 785 monthly on commuting. Urban workers face higher commuting costs, averaging Rs 1,044 compared to Rs 612 in rural areas. The survey indicates a gender gap, with male workers spending more than female workers on transportation. Students in urban areas spend Rs 617 on daily travel, while those in rural areas spend Rs 361.
  
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• PPF at 7.1%, SCSS at 8.2%, NSC at 7.7%: Check Oct-Dec post office scheme rates

  05-10-2026 18:38 via timesofindia.indiatimes.com
  
  Latest small savings schemes interest rates: The Ministry of Finance decides the interest rates for all small savings schemes every quarter. For the October to December 2026 quarter, the interest rates on all small savings schemes have been kept unchanged. The decision extends the period of unchanged small savings rates to nearly two years.
  
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• Airfares soar: Delhi-Hyderabad up 68%; IndiGo hikes surcharge by up to Rs 350

  05-10-2026 14:31 via timesofindia.indiatimes.com
  
  Data from global aviation analytics firm OAG shows that airlines have scheduled 5% fewer domestic flights for the October-December quarter than during the same period last year. However, total seat capacity has fallen by only 1.2%. This indicates that airlines are operating fewer flights while deploying larger aircraft with more seats, keeping overall capacity relatively steady.
  
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• Wall Street's $10 billion bet on Indian hospitals becomes a blame game among stakeholders

  05-10-2026 12:49 via timesofindia.indiatimes.com
  
  Wall Street has significantly invested in Indian hospitals, focusing on expanding hospital infrastructure and care capacity. This influx of foreign capital has helped private healthcare providers grow, yet costs are escalating for patients. Medical inflation is alarming, with treatment at private facilities vastly outpacing public healthcare costs. Insurers and hospitals are grappling over rising medical expenses and coverage limitations for patients.
  
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• Man paid Rs 1.73 cr for Gurgaon flat, waited for a decade; commission orders refund + 12% interest

  05-10-2026 12:42 via timesofindia.indiatimes.com
  
  In 2012, the man booked the 2,600 sq ft apartment in a project located in Sector 83, Gurgaon. The basic sale price was fixed at Rs 6,428.50 per sq ft, apart from other applicable charges. The basic sale price of the apartment was stipulated at Rs 1.67 crore. Relying on the assurances given by the developer, the man obtained a home loan and ultimately paid Rs 1,72,93,048.76 towards the apartment.
  
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• Jio plans to launch IPO on October 21: Listing, face value and key details

  05-10-2026 12:13 via timesofindia.indiatimes.com
  
  Mukesh Ambani's Jio Platforms is preparing for a significant IPO to raise approximately $3.8 billion. The IPO is expected to open on October 21 and shares will debut on October 28. This IPO aims to reduce debt and will involve a fresh issue of equity shares. Jio Platforms seeks a valuation between $143 billion and $146 billion through this offering. Reliance Industries, owning about 66.
  
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• RBI Rate Hike Debate: Inflation and crude fuel calls for October move; but what about growth costs?

  05-10-2026 10:23 via timesofindia.indiatimes.com
  
  To begin with, the inflation trajectory, at least until now, has largely tracked the RBI's own projected path. Unless crude prices durably reset the RBI's forward expected inflation trajectory, it is difficult to justify a hike now that the RBI itself did not deem necessary when it published its August projections consistent with the current levels.
  
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• Tata Sons Chandrasekaran hails India’s economy, lists 3 key areas for Vikisit Bharat

  05-10-2026 09:58 via timesofindia.indiatimes.com
  
  During the IFQM Symposium 2026, N Chandrasekaran showcased India's economic resilience, pointing to robust domestic demand as a foundation for growth. He underscored the importance of investing in human resources and energy security for sustainable advancement. Highlighting key economic metrics like a low current account deficit and solid bank NPAs, he advocated for enhanced quality in manufacturing to elevate India's competitive edge and support inclusive development.
  
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• Bengaluru-Mumbai Vande Bharat sleeper set to cut 24-hour journey to under 16

  05-10-2026 09:45 via timesofindia.indiatimes.com
  
  The country's second Vande Bharat sleeper service is expected to substantially reduce the time taken to travel by rail between Bengaluru, India's technology hub, and Mumbai, its financial capital. Although the official launch date has not yet been declared, the railway zones have been asked to commence the service at the earliest convenient opportunity.
  
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• IndiGo hikes fuel charges for all flights: Here's how much more you will end up paying

  05-10-2026 09:11 via timesofindia.indiatimes.com
  
  IndiGo will implement new fuel charges for its flights starting from October 6, 2026. The increase in charges will vary based on the distance of travel for domestic flights. For international flights, the revised fuel charges will range between Rs 1,000 and Rs 10,000. This decision follows the considerable increase in aviation turbine fuel prices amid geopolitical tensions.
  
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• India-US trade talks hit ‘plateau’

  05-10-2026 08:06 via timesofindia.indiatimes.com
  
  India and the US have reached a challenging stage in their trade negotiations, according to Finance Minister Nirmala Sitharaman. She indicated that both nations must navigate a significant trade imbalance affecting their discussions. Trade talks continue, but reaching further concessions seems increasingly difficult as both sides evaluate their positions. Meanwhile, India is actively seeking bilateral agreements, especially with the European Union, to enhance market access.
  
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• Rupee hovers near 96 as oil stays above $100 per barrel, foreign selling persists

  05-10-2026 07:15 via timesofindia.indiatimes.com
  
  The rupee started off on a weaker note against the US dollar due to soaring crude oil prices and foreign investors selling off. In response, the Reserve Bank of India is stepping in to curb volatile changes, as forex reserves dwindle. Market analysts anticipate a possible interest rate increase following the upcoming monetary policy meeting, while the dollar index remains robust.
  
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• Canada ‘looking forward’ to seal trade deal with India as fifth CEPA round begins

  05-10-2026 07:01 via timesofindia.indiatimes.com
  
  India and Canada are gearing up for the fifth session of negotiations on the Comprehensive Economic Partnership Agreement, which will take place in Ottawa. The objective is to wrap up the trade deal by late 2026, with priority given to collaboration in sectors like energy, critical minerals, aerospace, and artificial intelligence.
  
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• Man sells ancestral land for Rs 8 cr, claims LTCG exemption; gets notice with Rs 6.36 cr additions

  05-10-2026 06:31 via timesofindia.indiatimes.com
  
  In the tax return that he filed, the man declared LTCG of Rs 7.73 crore after accounting for certain expenses. He claimed tax exemptions of Rs 2.64 crore under Section 54F, which relates to residential property, and Section 54B, applicable to agricultural property.However, the Assessing Officer (AO) was not satisfied with the documents that were submitted by the taxpayer to support his claims
  
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