Economy news

• SpaceX IPO tomorrow: Could Elon Musk become world's first trillionaire? Decoding the math

  11-06-2026 14:00 via timesofindia.indiatimes.com
  
  Elon Musk may soon become the world's first trillionaire. This is due to the upcoming initial public offering of his company SpaceX. The IPO is expected to be the largest in history. If valuations hold true, Musk's personal fortune could surge past the trillion-dollar mark. This event could reshape global wealth rankings and create new millionaires.
  
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• Countries protecting domestic industries, India no exception: Piyush Goyal on global trade

  11-06-2026 19:47 via timesofindia.indiatimes.com
  
  India navigates global trade challenges by fostering dialogue and partnerships, even as nations increasingly protect domestic industries like steel. Minister Piyush Goyal highlighted that despite a less effective WTO, international trade largely operates under its framework. India is actively pursuing free trade agreements to boost market access and attract significant investments, underscoring a commitment to innovation and long-term global integration.
  
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• Seeds of change: How India’s agriculture went high-output in 12 years

  11-06-2026 19:30 via timesofindia.indiatimes.com
  
  India's agriculture sector has seen remarkable growth over the past decade, fueled by increased government investment and record foodgrain production. Policies now prioritize productivity, market access, and farmer income security. This transformation, marked by doubled GVA and enhanced crop yields, aims for a resilient, technology-driven farm economy crucial for national development.
  
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• India retains growth edge with 6.6% growth, World Bank forecasts; cuts global outlook

  11-06-2026 16:57 via timesofindia.indiatimes.com
  
  Global growth forecasts are down to 2.5% for 2026, with the Middle East conflict and rising energy prices cited as key reasons. Despite this, India is set to remain the world's fastest-growing major economy, projected at 6.6% in fiscal year 2026-27. However, higher energy costs may moderate India's growth, while fiscal deficits are expected to widen across South Asia.
  
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• Wipro Rs 15,000 crore buyback opens - what it means for retail investors

  11-06-2026 12:42 via timesofindia.indiatimes.com
  
  Wipro's Rs 15,000 crore share buyback is now open, offering shareholders Rs 250 per share, a significant premium over the current market price. The offer, valid until June 17, presents a potential arbitrage opportunity for retail investors. However, analysts suggest limited gains, with acceptance ratios expected around 20%, and caution about risks associated with unaccepted shares.
  
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• Boost for litchi exports! Assam’s GI-tagged Tezpur litchi reaches Dubai, Singapore

  11-06-2026 11:56 via timesofindia.indiatimes.com
  
  Assam's prized Tezpur litchi has made its international debut with the first export consignment reaching Dubai. This milestone, facilitated by APEDA, highlights efforts to boost Northeast agricultural exports. The GI-tagged fruit, celebrated for its exceptional taste and aroma, fetched farmers higher prices, promising enhanced livelihoods and opening new global markets for this century-old cultivation legacy.
  
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• Are you a contract worker? What new labour codes mean for your wage safety, overtime & other benefits - explained

  11-06-2026 10:30 via timesofindia.indiatimes.com
  
  At its core, the law defines a contract labour as someone who is hired through a contractor to work in connection with the business of an establishment.
  
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• 'LPG well covered, crude not a problem': How much energy supplies is India left with?

  11-06-2026 09:20 via timesofindia.indiatimes.com
  
  Indian refiners have secured sufficient crude oil and LPG supplies to last through August and mid-July respectively, mitigating concerns from the ongoing Middle East crisis.Purchases from ADNOC and other suppliers, including significant crude acquisitions from the UAE and Brazil, have bolstered inventories.India and the UAE are also expanding strategic oil reserves to enhance energy security.
  
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• 30 million barrels of oil storage: India, UAE work to expand strategic reserves - here’s why it’s significant

  11-06-2026 08:28 via timesofindia.indiatimes.com
  
  As India moves to strengthen its energy security amid persistent geopolitical risks in the Middle East, New Delhi and Abu Dhabi have started implementing initiatives announced during PM Modi's visit to the UAE last month.
  
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• Gold, silver price prediction: Will gold, silver rates continue to move down? Check outlook on June 11, 2026

  11-06-2026 07:31 via timesofindia.indiatimes.com
  
  Gold and silver price prediction today: Gold prices are seeing a bearish structure with the downtrend in place. Silver prices are trading cautiously, though with a negative bias, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.
  
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• Trump asked if he is concerned about the latest inflation numbers. His answer: 'I love it'

  11-06-2026 06:42 via timesofindia.indiatimes.com
  
  President Trump expressed an unexpectedly positive view on recent inflation data, "loving" the rise in consumer prices despite it being the fastest annual pace in over three years. He attributed the increase primarily to energy costs linked to the Iran conflict, claiming his administration's actions would stabilize oil markets and ease inflationary pressures.
  
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• ITR filing FY 2025-26: What is Form 26AS & what if it has errors? Things taxpayers should do to avoid getting a tax notice

  11-06-2026 06:16 via timesofindia.indiatimes.com
  
  First, let’s understand what Form 26AS is – it’s essentially a tax statement that is linked to the taxpayer’s PAN. It shows details of tax dedicated at source and tax collected at source. It’s a key document that is essential for taxpayers when filing their income tax return.
  
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• Top stocks to buy or sell today: Stock recommendations for June 11, 2026 - check list

  11-06-2026 05:08 via timesofindia.indiatimes.com
  
  Top stock market recommendations: Bank of India, and Gail (India) Ltd have been recommended as buy calls, whereas Bajaj Auto is a sell recommendation by Aakash K Hindocha, Vice President - Research, Nuvama Professional Clients Group/Nuvama Wealth Management for June 11, 2026.
  
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• India slashes excise duty on ethanol-blended petrol: Key details

  11-06-2026 04:38 via timesofindia.indiatimes.com
  
  India has waived excise duty on blended petrol containing 22-30% ethanol as part of a push to increase ethanol usage. This move coincides with rising fuel prices due to the Middle East crisis, prompting plans for discounted E85 fuel and continued availability of E20 petrol nationwide.
  
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• ‘Rajesh Exports will not contest Sebi order’

  11-06-2026 04:04 via timesofindia.indiatimes.com
  
  Chairman Rajesh Mehta says co cooperating in Rs 15.2 lakh crore inflated revenue probe
  
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• Markets shaky, investments in equity funds drop sharplyMarkets shaky, investments in equity funds drop sharply

  11-06-2026 04:01 via timesofindia.indiatimes.com
  
  Signs of slowdown: Net inflows dive to lowest in over a year
  
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• Crude on boil: Oil prices jump over 2% as Iran closes Strait of Hormuz to all vessels

  11-06-2026 03:59 via timesofindia.indiatimes.com
  
  Global crude benchmarks surged over 2% as Iran declared the Strait of Hormuz closed to all vessels following fresh US military strikes. Brent crude rose to $95.40 and WTI to $92.63 a barrel. Iran's IRGC warned any vessel attempting to transit the strait would be targeted amid escalating regional tensions.
  
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• AI windfall for the public? Trump signals shake-up for tech giants

  10-06-2026 19:54 via timesofindia.indiatimes.com
  
  US President Trump is pushing for major AI firms to "give back" to the public, potentially through government stakes or benefit mechanisms. He plans to meet top tech executives soon to discuss this proposal, aiming to enrich citizens and boost AI's popularity. Discussions about a "Public Wealth Fund" model, distributing AI investment returns, are reportedly already underway.
  
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• Markets dumped India for AI stars. BlackRock says that’s a mistake

  10-06-2026 19:22 via timesofindia.indiatimes.com
  
  BlackRock believes India's equity market is unfairly penalized for its limited direct AI exposure and oil price sensitivity. Despite record foreign outflows and a challenging macro environment, the asset manager remains constructive on India's medium- to long-term prospects, citing strong demographics, infrastructure, and financial sector strength. They see potential for indirect AI-related opportunities and favor sectors like financials.
  
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• US stocks today: Wall Street mixed as tech stocks slide, Iran tensions weigh on sentiment

  10-06-2026 17:25 via timesofindia.indiatimes.com
  
  Indian markets mirrored global trends with a mixed opening as tech stocks faced renewed selling pressure. Investors are also wary of escalating Middle East tensions and the possibility of prolonged high interest rates. Inflation data, while meeting expectations, added to concerns, while oil prices climbed amid supply worries. Global markets also saw declines.
  
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• Markets shake, money slows: Equity mutual funds see sharp dip in inflows

  10-06-2026 16:41 via timesofindia.indiatimes.com
  
  Investor caution gripped the Indian mutual fund market in May, with equity fund inflows plummeting to a one-year low. Geopolitical tensions and rising oil prices dampened sentiment, leading to a significant drop in net inflows. While SIPs offered stability, the broader industry saw substantial outflows, primarily from debt schemes, as investors adopted a wait-and-watch approach.
  
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• 'Avoid trading this like the plague': Should you invest in SpaceX IPO?

  10-06-2026 16:35 via timesofindia.indiatimes.com
  
  SpaceX's highly anticipated stock market debut could be historic, with a massive valuation and a significant portion of shares reserved for individual investors. While many are drawn to Elon Musk's vision and the company's potential, analysts and investors are divided over the lofty valuation and potential volatility.Concerns linger about profitability and whether peak optimism has already passed.
  
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• Cost of conflict: US inflation hits 3-year high as Iran war fuels energy shock

  10-06-2026 15:49 via timesofindia.indiatimes.com
  
  US inflation hit a three-year high in May, soaring to 4.2% due to surging energy prices, particularly gasoline, driven by Middle East supply disruptions. This rise, the third consecutive monthly increase, pressures the Federal Reserve and poses a political challenge for the Trump administration ahead of midterm elections. Core inflation showed mixed signals, while energy costs are expected to cool.
  
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• How to protect your wealth when rupee is falling

  10-06-2026 15:27 via timesofindia.indiatimes.com
  
  Is the rupee’s fall eating into your investment returns? What should investors do to protect their portfolio in the current scenario? The first thing to understand is that fundamentally, a falling rupee does not have a direct impact on your investments.
  
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• Ahmedabad Metro expansion: Cabinet approves Rs 2,169-crore airport corridor

  10-06-2026 13:04 via timesofindia.indiatimes.com
  
  The Union Cabinet has greenlit Phase 2A of the Ahmedabad Metro Rail Project, a 6.032-km corridor costing Rs 2,169.04 crore. This new line will connect Koteshwar Road to Ahmedabad Airport, featuring five stations and expanding the metro network to 77.63 km. The project aims to boost connectivity, support potential sports events, and is expected to generate significant employment.
  
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• Chinese investors blocked from SpaceX IPO: How they are finding alternative routes to gain exposure

  10-06-2026 10:27 via timesofindia.indiatimes.com
  
  Chinese investors are seeking indirect exposure to SpaceX's IPO due to direct participation being blocked. They are exploring offshore accounts, proxy stocks, and domestic A-share investments linked to the commercial space sector. This surge in interest is driving speculative buying in Chinese space-related companies.
  
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• ITR filing FY 2025-26: What documents are required to file your income tax return? Quick checklist

  10-06-2026 08:59 via timesofindia.indiatimes.com
  
  ITR filing FY 2025-26: Think of your documentation as evidence; the income tax department already has digital footprints of your transactions, and your job is to match them accurately.
  
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• Another blow! After Japan, Nepal restricts mango imports from India

  10-06-2026 08:30 via timesofindia.indiatimes.com
  
  Authorities said the decision was driven by reports of high pesticide content in imported mangoes as well as inadequate quarantine arrangements in border regions, particularly in Madhesh province.
  
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• Gold price prediction today: Will gold, silver prices continue to be under pressure? Check June 10, 2026 outlook

  10-06-2026 07:54 via timesofindia.indiatimes.com
  
  Gold price prediction today: The outlook for gold and silver prices remains cautious due to ongoing geopolitical pressures, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.
  
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• Reliance and Meta to develop AI-enabled data centre in Jamnagar

  10-06-2026 06:06 via timesofindia.indiatimes.com
  
  Reliance Industries and Meta Platforms are joining forces to build a massive 168 MW AI-powered data centre in Jamnagar, Gujarat. This significant collaboration marks India's first built-to-suit facility for Meta, aiming to bolster global AI infrastructure. Reliance will manage the entire project, ensuring renewable energy and advanced cooling, positioning India as a key player in the AI revolution.
  
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