Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India
The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks
Tata Motors on Wednesday reported a 82.69 percent decline in total sales to 12,924 units in March
GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy
India's sugar production dropped by 22 percent to nearly 233 lakh tonnes in the first half of the current marketing year ending September on lower cane production, industry body ISMA said on Wednesday
The impact of the coronavirus outbreak in India will be "much smaller and manageable" as the big decision of nationwide lockdown and travel restrictions were put in place much before other countries, a NITI Aayog member said on Wednesday
India's top oil firm IOC has declared force majeure on crude purchases from four of its biggest suppliers - Saudi Arabia, Iraq, UAE and Kuwait - as refinery run rates have been cut down in view of plummeting fuel demand following a nationwide lockdown
The government is likely to extend the 30 April deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said
State-run engineering firm BHEL on Wednesday said the company and its employees have contributed a total of Rs 15.72 crore to the PM-CARES Fund to fight the COVID-19 pandemic
Honda India Foundation, the Corporate Social Responsibility (CSR) arm of Honda group companies in India, on Wednesday pledged Rs 11 crore aid towards COVID-19 relief and prevention measures
Wipro Ltd, Wipro Enterprises Ltd and Azim Premji Foundation have together committed Rs 1,125 crore towards tackling the unprecedented health and humanitarian crisis arising from the COVID-19 outbreak in the country
The Reserve Bank of India (RBI) on Wednesday announced more measures, including the extension of the period for realisation and repatriation of export proceeds, to deal with the economic fallout of the Covid-19 pandemic
In a relief to foreign doctors, including from India, whose visas were set to expire in October this year, the UK government has extended the deadline by one year amid the country's fight against the coronavirus pandemic
State-owned banks Punjab National Bank (PNB) and Indian Overseas Bank on Tuesday announced a reduction in their lending rates linked to the repo rate by 75 basis points, effective 1 April
The government has missed the collection target for the current financial year from CPSE disinvestment set in the Revised Estimates of Budget by about Rs 14,700 crore
Traders' body CAIT on Tuesday said India's retail trade has incurred losses to the tune of whopping $30 billion (about Rs 2.2 lakh crore) in the last fortnight alone due to the coronavirus pandemic
The country's largest carmaker Maruti Suzuki India (MSI) on Wednesday reported a 47 percent decline in sales at 83,792 units in March
Factory activity contracted sharply across most of Asia in March as the coronavirus pandemic paralyzed economic activity across the globe, with sharp falls in export power-houses Japan and South Korea overshadowing a modest improvement in China
Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC) and other public sector oil companies have contributed over Rs 1,000 crore to the Prime Minister CARES Fund to help in the fight against COVID-19 pandemic
The government will borrow Rs 4.88 lakh crore in the first half of fiscal 2020-21 starting April 1 to shore up resources amid a war it is wagging to contain economic fallout of coronavirus pandemic, DEA Secretary Atanu Chakraborty said on Tuesday
Eight core sector industries recorded a growth of 5.5 percent in February, highest in 11-months, mainly due to healthy expansion in output of coal, refinery products and electricity, according to a government data released on Tuesday
The government's fiscal deficit touched 135.2 percent of the full-year target at February-end mainly due to slower pace of revenue collections, according to an official data released on Tuesday
To help authorities and people increase preparedness against Covid-19, electronic majors Samsung and LG have pledged to offer products and protective equipment like surgeon gown, face masks, glove, refrigerators, water purifiers, among others, to hospitals
The Indian rupee settled for the day on a flat note at 75.60 (provisional) against the US dollar on Tuesday, even as the domestic equities witnessed heavy buying on the last day of trading of 2019-20 fiscal
Budget carrier SpiceJet has decided to cut up to 30 percent salary of its employees in March with Chairman Ajay Singh opting for the highest 30 percent trimming in compensation, the airline said in an e-mail communication to the staff on Tuesday
Piramal Group on Tuesday said it has pledged Rs 25 crore towards the Prime Minister's Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) to fight against COVID-19 pandemic
The Finance Ministry on Tuesday extended the validity of all lower withholding tax orders by three months till 30 June in view of hardships caused due to COVID-19 pandemic
The RBI is likely to cut benchmark interest rate by another 100 bps in 2020-21 fiscal and continue to employ all policy tools at its disposal to support growth and financial stability to contain the impact of Covid-19 pandemic on the economy, Fith Solutions said Tuesday
With many getting payment reminders, confusion prevails among borrowers, term-plan investors and credit cardholders over the implementation of the three-month moratorium on all loan repayments amid disruptions caused by the coronavirus outbreak
The Centre has asked all states and Union Territories to ensure normal functioning of banks and ATMs during the lockdown period as the Rs 27,500-crore financial package announced under the Prime Minister Garib Kalyan Yojana will be disbursed in coming days