Economy News - Page 19

EMI moratorium fraud: Banks asking customers to be alert, not to share OTP with imposters

In a bid to warn customers against fraudsters who may attempt to exploit the EMI moratorium scheme, leading banks are reaching out to their customers to caution them against ''EMI moratorium frauds'' and strongly advising them not to share sensitive information like OTP and PIN with imposters

Rupee ends 6 paise higher at 76.28; recovers from intra-day all-time low of 76.55 on forex inflows, firm equities

The Indian rupee settled 6 paise higher at 76.28 (provisional) against the US dollar on Thursday tracking higher equities

IIP grows 4.5% in February, highest in 7 months on higher output in mining, manufacturing and electricity

The country's industrial output grew by 4.5 percent in February, mainly on account of higher output in mining, manufacturing and electricity sector, government data showed on Thursday

Coronavirus Outbreak: Petrol, diesel demand slumps 66% in April; ATF down 90% due to nation-wide lockdown

India’s fuel consumption slumped by over 66 percent in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand

Coronavirus Outbreak: Govt to deposit Rs 1,000 in women PMJDY accounts in next two months in equal instalments

Urging people not to believe rumours, the finance ministry on Thursday said Rs 500 has been deposited in each PMJDY account held by women for April and Rs 1,000 more will be given over the next two months in equal instalments

Coronavirus Outbreak: Coal India offers deferred payment option to consumers

Coal India Ltd has offered deferred payment facility to both power and non-power consumers to provide relief and help improve their liquidity during the lockdown imposed by the government to contain coronavirus infection

Gold prices climb 1% on safe-haven demand, markets eye crucial meeting of top oil producers

Gold prices gained 1 percent on Thursday on safe-haven buying ahead of an extended weekend and a crucial meeting of top oil producers, with bullion also latching on to gains in wider markets amid hopes the coronavirus pandemic was close to peaking

Coronavirus outbreak has 'drastically altered' India's growth outlook, says RBI in Monetary Policy Report

The outlook for India’s economic recovery has been sharply altered by the coronavirus outbreak, the central bank said in its Monetary Policy Report, underlining the pandemic’s deepening impact on South Asia’s engine of growth

Coronavirus Outbreak: : Finance ministry imposes expenditure restrictions on non-essential heads

The finance ministry on Wednesday imposed spending restrictions on various ministries and departments in view of revenue constraints caused by the COVID-19 crisis

Coronavirus Outbreak: Marico says January-March quarter EBITDA may see 'modest decline' due to lockdown

FMCG major Marico said its January-March quarter EBITDA may see "modest decline" following disruptions on account of Covid-19 pandemic and associated lockdowns

Coronavirus Outbreak: To help small firms, govt seen unveiling second stimulus worth Rs 1 lakh cr

A second stimulus package India is poised to announce in coming days will be worth around Rs 1 lakh crore ($13 billion) and focus on help for small and medium businesses weathering the coronavirus outbreak, two senior officials said on Wednesday

Retail inflation likely fell to a four-month low of 5.93% in March on softer food, fuel prices, reveals poll

India’s retail inflation is expected to have dropped to a four-month low in March on softer food and fuel prices and as already slowing demand likely plummeted due to a nationwide lockdown towards the end of the month, a Reuters poll found

India's GDP for FY21 projected at 4.8%, coronavirus outbreak to have adverse economic impact globally: UN report

India's GDP growth for the current fiscal is expected to slow down to 4.8 percent, a UN report has said, warning that the COVID-19 pandemic is expected to result in significant adverse economic impacts globally

Rupee rises 23 paise to 76.11 in early trade; tracks positive opening in domestic equities

The Indian rupee appreciated by 23 paise to 76.11 against the US dollar in early trade on Thursday tracking positive opening in domestic equities

India to use low priced oil from Saudi Arabia, UAE and Iraq to fill strategic reserves

Capitalising on low global oil prices, India will fill its underground strategic oil reserves with oil from Saudi Arabia, the UAE and Iraq as it shores up supplies to meet any supply or price disruption

Coronavirus Outbreak: Finance ministry allows states to borrow Rs 3.20 lakh cr from market

The Finance Ministry has allowed all states to borrow a cumulative Rs 3.20 lakh crore from the market between April-December

Coronavirus Outbreak: Maruti Suzuki cuts production by 32% in March to 92,540 units

The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 percent in March, according to a regulatory filing by the company

Coronavirus Outbreak: Railways misses freight loading target by 15 million tonnes, earnings dip by Rs 2,129 cr

Indian Railways, which was on its way till February to not just meet but surpass its freight loading target, will end 2019-20 with 15.7 million tonnes less than the previous financial year’s 1,212.56 million tonnes, official figures show

Adani Gas cuts CNG, piped cooking gas prices in line with cut in raw material rates

Adani Gas Ltd on Wednesday announced a reduction in prices of compressed natural gas (CNG) and piped natural gas (PNG) used for cooking in household kitchens, in line with a cut in raw material rates

Coronavirus Outbreak: Centre releases Rs 14,103 cr GST compensation to states; more to be released soon

In a bid to provide further relief to states amid the coronavirus outbreak, the finance ministry has released about Rs 34,000 crore in two phases to states as compensation for their revenue loss in the goods and services tax (GST) regime

Coronavirus Outbreak: Grofers to hire 5,000 people over two weeks; will ramp up capacity to meet spike in orders

Online grocery platform Grofers is looking at hiring 5,000 employees to ramp up its capacity to meet the spike in orders amid the nationwide lockdown

Coronavirus Outbreak: BigBasket to hire 10,000 people for warehouses, delivery to clear pending orders quickly

Online grocery platform BigBasket is looking at hiring 10,000 people for its warehouses and last-mile delivery to clear pending orders quickly and meet the spike in orders on account of the nationwide lockdown

Coronavirus Outbreak: Shake-out in electric two, three-wheeler segment expected in short term, says industry body

The coronavirus pandemic and the ongoing lockdown will lead to shake-out in electric two and three-wheeler industry with smaller players unable to survive the "extreme short term" folding up, according to Society of Electric Vehicle Manufacturers (SMEV)

Coronavirus Outbreak: India's coal import drops over 27% to 16 MT in March due to restrictions imposed at various ports

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