Economy news

• Universal provident fund scheme: How PF for gig workers, self-employed could work & why it would be a game-changer

  22-07-2026 13:11 via timesofindia.indiatimes.com
  
  The proposed framework aims to allow unorganised sector workers and self-employed to set aside a portion of their income for deposits under a universal provident fund scheme which will earn regular interest on par with the existing EPFO scheme.
  
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• 'A whole new vibe': Ashwini Vaishnaw shares glimpse of bullet train project taking shape

  25-08-2026 17:51 via timesofindia.indiatimes.com
  
  The ambitious construction of India's inaugural bullet train segment is well underway in Thane and Palghar. Currently, over one hundred kilometers of pier work is in progress, with many piers poised for girders. This essential elevated route will host three elevated stations, while several mountain tunnels have successfully broken through. Additionally, significant bridge construction is ongoing, showcasing the country's commitment to advancing modern railway infrastructure.
  
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• Wars are now hitting more than 43% of the world’s oil supply

  25-08-2026 13:41 via timesofindia.indiatimes.com
  
  Currently, more than 40% of the world's oil supply is derived from conflict-ridden regions. Ongoing tensions in the Gulf and Ukraine have reduced refining abilities by 10%. As a result, reliance on U.S. oil has surged, leading to a depletion of global reserves after emergency releases have concluded. This situation has made rising fuel prices a significant contributor to inflation across the globe.
  
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• Trump’s Iran oil sanctions, 100% Russian crude tariff threat: Can Venezuela fill the gap for India?

  25-08-2026 12:58 via timesofindia.indiatimes.com
  
  What happens when the world stops buying Iran oil due to the threat of secondary sanctions? Where will India procure crude from if it faces tariffs of up to 100% for its Russian crude oil imports? The Middle East crisis has pushed Russia’s share in India’s crude oil basket to over 50%.
  
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• Sugar prices cool 18% after hitting record high, ex-mill rates fall to Rs 55 per kg

  25-08-2026 12:05 via timesofindia.indiatimes.com
  
  Following a surge in sugar prices to unprecedented levels last week, the market is now experiencing a decline. Government interventions aimed at curbing hoarding and speculation have contributed to this stabilization. Ex-mill sugar rates have seen a substantial decrease, and additional cuts are anticipated. Although predictions for domestic sugar output are lower, current stock levels remain adequate. Consumers are still eager for reductions in both wholesale and retail pricing.
  
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• From 600 to 5,000 packages an hour: FedEx unveils $150 million Delhi cargo hub

  25-08-2026 09:28 via timesofindia.indiatimes.com
  
  FedEx will invest $150 million to build a new air cargo hub in Delhi. This facility will significantly increase package processing capacity at the airport. The hub aims to strengthen air cargo connectivity across North and East India. The Indian government is also focusing on developing cargo hubs and logistics networks. Construction work for the new FedEx facility is expected to begin shortly.
  
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• Why Trump may have to target China to make its Iran 'economic D-Day' work

  25-08-2026 09:22 via timesofindia.indiatimes.com
  
  China is the biggest buyer of Iranian crude - around 90% of Iran’s oil exports flow to China. Will Trump’s secondary sanctions threat against any country aiding Iran economically reach China, or even have an impact?
  
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• ‘Gut punch’: What Trump’s new $103,265 H-1B visa fee proposal means for Indian aspirants

  25-08-2026 08:16 via timesofindia.indiatimes.com
  
  The H-1B programme enables US employers to hire foreign workers trained in specialised fields. It provides for 65,000 visas each year, along with another 20,000 for workers holding advanced degrees, with visas approved for periods of three to six years.
  
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• Bitcoin crosses $80,000 for first time since mid-May driven by weaker dollar, gains 28% in August

  25-08-2026 07:57 via timesofindia.indiatimes.com
  
  Bitcoin crossed the threshold of eighty thousand dollars on Tuesday, marking a significant extension of its rally. The driving forces behind this surge include a weakening US dollar and optimistic policy forecasts that have spiked cryptocurrency interest. The movements came in response to Treasury Secretary Scott Bessent's actions in the bond market.
  
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• RBI intervenes to support rupee as oil prices, dollar demand rise: Report

  25-08-2026 07:27 via timesofindia.indiatimes.com
  
  The Reserve Bank of India likely intervened in foreign exchange markets. Elevated oil prices and corporate dollar demand pressured the rupee. State-run banks offered dollars, indicating central bank action. The rupee remained range-bound for two weeks due to sustained intervention. Geopolitical tensions and equity market weakness also impacted the currency.
  
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• Rupee slips to 95.74 against US dollar as crude prices, importer demand weigh

  25-08-2026 06:49 via timesofindia.indiatimes.com
  
  On Tuesday, the Indian Rupee faced a minor decline against the US dollar, influenced by rising crude oil prices and increased demand from importers. The Reserve Bank of India stepped in to stabilize the currency, keeping its fluctuations minimal. Meanwhile, domestic equities opened softly, although foreign institutional investors maintained their purchasing momentum in the stock market.
  
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• Trump’s SpaceX stake: US President invested up to $50,000 in Musk’s company - report

  25-08-2026 06:44 via timesofindia.indiatimes.com
  
  President Donald Trump reportedly invested between fifteen thousand and fifty thousand dollars in Elon Musk's SpaceX. This financial disclosure reveals a new link between the president and a major government contractor. SpaceX completed its largest-ever US IPO, reaching a significant valuation and becoming a key player. The investment comes as the Trump administration makes decisions impacting SpaceX's business operations.
  
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• Mumbai only Indian city in global Work From Anywhere Index, ahead of London, Miami

  25-08-2026 06:36 via timesofindia.indiatimes.com
  
  Mumbai has emerged as a prime hub for remote professionals, owing to its competitive transport costs and abundant flexible workspace options. As India's flexible workspace market expands rapidly, this city leads in Asia. The increasing adoption of Work From Anywhere policies has inspired many to combine travel with work, resulting in longer vacations to accommodate remote tasks.
  
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• ‘Hire and train Americans’: JD Vance defends proposed six-figure H-1B fee

  25-08-2026 06:03 via timesofindia.indiatimes.com
  
  The US Department of Homeland Security proposed a new $103,265 fee for H-1B visa petitions. This fee aims to recover government costs for administering the immigration system. Vice President JD Vance supports the proposal, emphasizing hiring American workers. Indian professionals, a major beneficiary group, could be significantly impacted by this change. The public has thirty days to submit comments on this proposed rule.
  
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• Honey to hockey sticks: Trump's 50% tariff net catches 550+ Canadian goods

  25-08-2026 05:20 via timesofindia.indiatimes.com
  
  The United States has enacted a substantial 50% tariff on a wide range of Canadian goods, affecting more than 550 products, including common consumer items. In response, Canada intends to implement retaliatory measures that match the U.S. tariffs. This trade dispute continues to escalate further, with threats of additional tariffs on automotive products, indicating a growing conflict with severe economic implications for both nations.
  
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• Top stocks to buy today: Stock market recommendations for August 25, 2026 - check list

  25-08-2026 04:48 via timesofindia.indiatimes.com
  
  Stock market recommendations: Jindal Steel, Bajaj Auto, Engineers India, and NMDC - these have been recommended as the top stocks to buy today on August 25, 2026 by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan:
  
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• Oil price today: Brent crude stays above $90 as Middle East standoff intensifies

  25-08-2026 04:02 via timesofindia.indiatimes.com
  
  Amidst a backdrop of fresh US sanctions on Iran, oil prices held firm as investors calculated the implications. The atmosphere grew tense after an oil tanker encountered damage near Oman's shores. With the US tightening its sanctions to curtail Iran's financial resources, analysts remarked that economic pressures allayed concerns over potential Middle Eastern oil supply interruptions, coinciding with US crude reserves reaching their lowest tier since 1982.
  
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• India a safe base, Piyush Goyal tells Japanese investors

  25-08-2026 00:54 via timesofindia.indiatimes.com
  
  Cites Long List Of Trade Deals, Says Data Is Protected, Intellectual Property Is Secure
  
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• Russian President Putin says will continue fertiliser supplies to India

  25-08-2026 00:04 via timesofindia.indiatimes.com
  
  Prez
  
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• Trump’s ‘Operation Economic Outcast’ against Iran: What sanctions threat could mean for India

  24-08-2026 19:52 via timesofindia.indiatimes.com
  
  The Donald Trump administration said on Monday that the new US sanctions are intended to shut off every potential source of revenue for Iran, while warning other countries that continuing their economic ties with Tehran could expose them to retaliation.
  
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• Iran blacklists 45 tankers over Strait of Hormuz rules amid fresh US sanctions threat

  24-08-2026 18:10 via timesofindia.indiatimes.com
  
  Iran has blacklisted 45 tankers for breaching its navigation regulations in the Strait of Hormuz. The repercussions for vessels engaging in ship-to-ship transfers with these tankers could be dire, including hefty fines and detentions. This move intensifies the existing tensions in the vital waterway amid rising conflicts and sanctions, as the Persian Gulf Strait Authority warns of strict enforcement in light of threats from the United States.
  
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• Infosys pays average 70% bonus for first quarter; employees await clarity on salary hikes

  24-08-2026 16:54 via timesofindia.indiatimes.com
  
  Infosys reported a 12% year-on-year rise in consolidated net profit to Rs 7,769 crore for the April-June quarter last month, even as it reduced its revenue growth guidance for the full year.
  
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• US stock market today: Wall Street subdued ahead of key earnings; bond market in focus

  24-08-2026 16:19 via timesofindia.indiatimes.com
  
  On Monday, the yield on the 10-year Treasury fell to 4.70%, from 4.74% late Friday. It was also back below its level from late Tuesday, before the US Treasury Department unveiled its unexpected buyback announcement.
  
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• UPI instant payments network grows from 1.78 cr annual transactions to 24,162 crore

  24-08-2026 13:28 via timesofindia.indiatimes.com
  
  India's Unified Payments Interface (UPI) is currently facilitating an impressive 66 crore transactions each day. Since 2016, the growth in its transaction volume has skyrocketed by an astounding 13,000 times. UPI has established itself as a foundational component of India's digital public infrastructure and has been recognized by the International Monetary Fund as the leading real-time payment system globally.
  
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• No relief for Rial: Iranian currency sinks to record low as US works on new sanctions

  24-08-2026 12:43 via timesofindia.indiatimes.com
  
  Iran's rial reached a record low as the United States prepared new economic sanctions.Existing restrictions and a naval blockade have already severely impacted Iran's economy.The currency's decline has not yielded concessions from the US President.Iran and Oman are reportedly nearing an agreement on managing the Strait of Hormuz.The United Arab Emirates suspended all trade with Iran following discussions with the US.
  
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• 'No sugar shortage': ISMA says India has enough stocks, expects prices to cool down soon

  24-08-2026 12:30 via timesofindia.indiatimes.com
  
  Industry representatives from India's sugar sector have assured that there is no shortage of sugar in the domestic market. The surge in retail prices is attributed to stockpiling speculation and adverse weather impacting production. To mitigate this, the government is facilitating duty-free sugar imports, particularly from Brazil, with some raw sugar expected to arrive before mid-October. Current domestic supplies are predicted to meet future demands adequately.
  
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• ‘Most expensive in years’: Iran war, Hormuz closure forces India to pay high prices for LNG

  24-08-2026 11:20 via timesofindia.indiatimes.com
  
  State-backed energy companies are increasingly going to the spot LNG market and bidding up prices as the government seeks to support fertilizer producers that use natural gas.
  
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• 81-year-old mother allegedly forced to leave house: SC restores son's eviction under Senior Citizens Act

  24-08-2026 09:32 via timesofindia.indiatimes.com
  
  A Bench of Justice Pamidighantam Sri Narasimha and Justice Alok Aradhe set aside the Allahabad High Court's orders holding that authorities under the 2007 Act had no power to order eviction.
  
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• ‘75% global trade will be covered’: India negotiating trade deals with 8-9 more groups of countries

  24-08-2026 09:19 via timesofindia.indiatimes.com
  
  Speaking to business representatives from India and Japan, Goyal said India has a sizeable domestic market while also opening itself to the global economy through nine free trade agreements signed over the past four years.
  
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• Stocks to buy: What's the outlook for Nifty for August 24-August 28 week? Check list of top stock recommendations

  24-08-2026 08:48 via timesofindia.indiatimes.com
  
  Stock market recommendations: Viyash Scientific, and AU Small Finance Bank - have been picked as the top stocks to buy on August 24, 2026 by Sudeep Shah, Head - Technical Research and Derivatives, SBI Securities.
  
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