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
The Indian rupee settled 6 paise higher at 76.28 (provisional) against the US dollar on Thursday tracking higher equities
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
India’s fuel consumption slumped by over 66 percent in April as a nationwide lockdown halted economic activity and travel, which eviscerated demand
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
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 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
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
The finance ministry on Wednesday imposed spending restrictions on various ministries and departments in view of revenue constraints caused by the COVID-19 crisis
FMCG major Marico said its January-March quarter EBITDA may see "modest decline" following disruptions on account of Covid-19 pandemic and associated lockdowns
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
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 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
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
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
The Finance Ministry has allowed all states to borrow a cumulative Rs 3.20 lakh crore from the market between April-December
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
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 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
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
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
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
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)
India's coal import in March stood at 15.74 million tonnes (MT), down 27.5 percent over last year, due to restrictions imposed at various ports in the wake of coronavirus outbreak in the country
The Indian rupee settled 70 paise lower at 76.34 (provisional) against the US dollar on Wednesday amid rise in coronavirus cases in the country and weak domestic equities
Essar Ports on Wednesday said its cargo handling grew over 23 percent to 49.22 million tonnes (MT) in 2019-20
The Income-Tax Department has asked taxpayers to guard against possible breach of their personal e-filing account and report such an instance to the police cybersecurity wing
Non-life insurer Reliance General Insurance on Wednesday launched a COVID-19 protection insurance scheme, which offers 100 percent of the sum-insured in lump sum on positive diagnosis of coronavirus
Oil bounced back on Wednesday, with US crude jumping over $1, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic
Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus air travel downturn, and held out against offering refunds to passengers as cash runs out