Economy news

• US firms training AI using Chinese examples: Beijing

  28-07-2026 03:28 via timesofindia.indiatimes.com
  
  China's commerce ministry accused American artificial intelligence firms of using Chinese models. This statement follows recent US threats of sanctions against Chinese technology companies. Beijing stated that many US AI companies distilled Chinese models during their development processes. The ministry defended distillation as a common industry practice while criticizing US actions. China vowed to take necessary measures to protect its own economic interests.
  
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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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• Gold price prediction today: Worst of gold price dips over? Check outlook for August 24, 2026 week

  24-08-2026 08:29 via timesofindia.indiatimes.com
  
  Gold price prediction today: Looking ahead, market participants will closely monitor further developments in US Treasury operations, fiscal policy discussions, and upcoming economic data releases, which are expected to remain key drivers for gold prices in the near term.
  
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• Rupee climbs to 95.64 against US dollar; Iran sanctions, crude prices in focus

  24-08-2026 06:30 via timesofindia.indiatimes.com
  
  The rupee began the trading day on a stronger note against the US dollar, appreciating by seven paise to 95.64. Nonetheless, concerns over geopolitical tensions and steady demand from importers curbed significant gains. Compounded by elevated Brent crude prices, the rupee traded cautiously. Investors are particularly attentive to anticipated sanctions impacting Iran's oil sector. Notably, India's foreign exchange reserves saw a remarkable rise in the latest reporting week.
  
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• KPMG Australia to cut 5% of workforce amid scandal, weak growth outlook

  24-08-2026 06:06 via timesofindia.indiatimes.com
  
  KPMG Australia is set to cut around five percent of its workforce, a move triggered by a scandal involving breach of client confidentiality. The firm projects a challenging economic landscape lasting until 2028. Revenue has dipped by one percent, with a striking decline in consulting services. This restructuring is part of KPMG's efforts to streamline operations while under government investigation.
  
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• Weekly Stock Buys: Motilal Oswal Wealth backs Crompton Greaves, ICICI Prudential AMC; upside up to 35%

  24-08-2026 04:40 via timesofindia.indiatimes.com
  
  Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026:
  
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• Top stocks to buy: Stock recommendations for August 24, 2026 week - check list

  24-08-2026 04:40 via timesofindia.indiatimes.com
  
  Stock market recommendations: Crompton Greaves, and ICICI Prudential AMC- these are the top stocks that have been picked by Motilal Oswal Wealth Management Research Desk as stock recommendations for the week starting August 24, 2026:
  
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• Oil prices slip over $1 as US weighs ‘D-Day’ Iran sanctions; Strait of Hormuz shipping risks in focus

  24-08-2026 03:59 via timesofindia.indiatimes.com
  
  In the lead-up to impending US sanctions on Iran, oil prices fell as investors capitalized on recent gains. As Washington prepares to unveil its most stringent measures Monday, the potential for disruptions in Middle Eastern oil supply looms large. Iran's rejection of these sanctions, coupled with its threat to cut oil exports from the Gulf, adds a layer of uncertainty to global energy markets that stakeholders are closely monitoring.
  
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• Cost pressure: Carmakers see strong sales but lower profits

  24-08-2026 01:11 via timesofindia.indiatimes.com
  
  Rising Commodity Prices, Adverse Forex Movements Take Toll
  
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• India’s derivatives market gets a Gen Z makeover, but losses pile up: Sebi

  23-08-2026 18:10 via timesofindia.indiatimes.com
  
  Recent trends indicate that traders aged under thirty now make up an impressive forty-three percent of all participants in the derivatives sector. Interestingly, individuals earning less than five lakh rupees a year are leading the market's activities. Moreover, there has been a notable rise in investors from smaller towns engaging in derivatives trading. A significant portion of these traders entered the market without prior investments in cash equities.
  
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• FPIs turn buyers again: Foreign investors pour Rs 23,544 crore into Indian equities in August

  23-08-2026 17:46 via timesofindia.indiatimes.com
  
  In August, foreign portfolio investors made a notable comeback to Indian equities, infusing a substantial Rs 23,544 crore. This resurgence follows earlier trends where significant amounts were pulled out. Positive quarterly earnings and a stable rupee have rekindled enthusiasm for Indian stocks. Nonetheless, yearly outflows remain high, and crude oil prices along with geopolitical tensions could sway market movements.
  
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• Trump tariffs: What India can learn from Canada’s failed trade talks with US

  23-08-2026 16:11 via timesofindia.indiatimes.com
  
  Ottawa said it would introduce “dollar-for-dollar” retaliatory tariffs from September 8. The move brought an end to talks that had started on February 1, 2025, after the first round of new US tariffs was imposed.
  
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• Market recap: Rs 87,960 crore wiped off four top-10 firms; Airtel bears biggest loss

  23-08-2026 12:29 via timesofindia.indiatimes.com
  
  Dalal Street faced a setback last week, closing lower with four prominent companies witnessing significant depreciation in market value. Notably, Bharti Airtel and TCS experienced the steepest declines, which affected overall market confidence. The benchmark indices, Sensex and Nifty, reflected this trend by finishing lower. In contrast, LIC and Reliance Industries achieved gains in their market cap amid the challenging context of global economic uncertainties and increasing crude oil prices.
  
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• Dalal Street outlook: Markets seek recovery after two-week slide

  23-08-2026 12:07 via timesofindia.indiatimes.com
  
  Following a recent downturn, Indian equity markets may enter a phase of stabilization this week. Fluctuations in crude oil prices and updates on the US-Iran situation are expected to shape investor sentiment. Additionally, all eyes will be on the upcoming Jackson Hole symposium for signals regarding US Federal Reserve interest rates. Recent US economic metrics will also shed light on the overall economic resilience.
  
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• $40tn debt, $1.8tn deficit: Why US fiscal strain is worrying global markets

  23-08-2026 12:00 via timesofindia.indiatimes.com
  
  US public debt has now surpassed forty trillion dollars, and the fiscal deficit continues to widen.Rising Treasury yields are emerging as a key market risk, potentially pressuring equities.Government spending has surged while receipts have declined, compounding financial pressures.Interest payments have become a major federal budget burden, surpassing Medicare spending.This fiscal backdrop is seen as supportive for gold prices.
  
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• Gold, silver prices likely to extend gains next week as investors await US data

  23-08-2026 11:50 via timesofindia.indiatimes.com
  
  Gold and silver prices are poised for further gains next week. Investors await crucial US inflation and economic data releases. Geopolitical developments in West Asia will also influence market sentiment. Domestic gold and silver futures saw significant increases this past week. Global bullion prices mirrored this upward trend, supported by liquidity measures.
  
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• US FTA proposal: What are the '3 American demands' that became deal breaker for Canada

  23-08-2026 06:50 via timesofindia.indiatimes.com
  
  In a significant turn of events, Canada has halted trade negotiations with the United States due to unresolved disagreements. Three critical demands from the US regarding Canada's auto industry and trade agreements proved too contentious. Additionally, restrictions concerning language and culture were deemed unacceptable. As a result, both nations are now enacting retaliatory tariffs on each other's products.
  
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• 'Masters in our own home': Canada PM Carney explains why trade talks with US were suspended

  23-08-2026 05:28 via timesofindia.indiatimes.com
  
  Canada has halted trade negotiations with the United States due to perceived inequities in demands, leading to the US imposing hefty tariffs on Canadian exports. In response, Canada has unveiled countermeasures to address these tariffs. Prime Minister Carney criticized the US for its unreasonable requests while providing insufficient concessions. This escalation raises alarms about the future of economic collaboration between the two nations.
  
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• Amrit Bharat 3.0: AC coaches with Vande Bharat-style features for common man soon. Why it matters

  22-08-2026 15:54 via timesofindia.indiatimes.com
  
  Introduced in 2023, over 60-plus Amrit Bharat trains run across the Indian Railways network. The fares are around Rs 500 per 1,000 kilometres for sleeper class travel - the aim clearly being affordability.
  
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• NBFCs stay on growth track as asset quality remains stable: Report

  22-08-2026 11:46 via timesofindia.indiatimes.com
  
  Non-banking financial companies anticipate steady growth ahead. Credit demand remains robust despite global geopolitical uncertainties. NBFC earnings showed strong growth in the first quarter of FY27. Vehicle financiers experienced accelerated asset under management growth. Gold financiers saw moderated growth and yield pressures.
  
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