The Fed’s survey, known as the “Beige Book,” was conducted in April, when non-essential businesses were shut down in much of the country, through 18 May, when some states had started to loosen restrictions.
India's first quarter GDP growth likely to be weakest since 2012; coronavirus, lockdown halted economic activity: Poll
Forecasts for gross domestic product (GDP) data, due to be released on 29 May, ranged between +4.5 percent and -1.5 percent, underscoring the widespread uncertainty on the impact of the coronavirus on the economy at that stage.
COVID-19 Impact: Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings
While bad loans from the corporate sector may rise by Rs 3.4 lakh crore, for non-corporate segments it may increase by Rs 2.1 lakh crore in FY21, India Ratings and Research said in the report
UP, MP ease labour laws: India needs to ride this wave focussing on employee health, safety and correct 'miserable' record in this matter
Labour regulations such as 8 hours work days were brought in after years of protests against exploitation.
Indian Oil Corp, the country’s top refiner, has raised crude processing at its plants to 60 percent capacity and aims to reach 80 percent by the end of this month, it said in a statement on Monday
The auto industry is already reeling, with sales of cars, SUVs, trucks and motorbikes falling 18 percent last fiscal year to 21.5 million vehicles due to an economic slowdown.
The auto major has commenced production at the facility adhering to 100 percent compliance of safety and social distancing norms, Hyundai Motor India said
Coronavirus impact: Fuel demand nearly halves in April as lockdown, travel curbs erode economic activity
Consumption of fuel, a proxy for oil demand, totalled 9.93 million tonnes-its lowest since 2007, government data showed on Saturday.
Coronavirus Impact: Retail inflation likely fell to a five-month low in April over sluggish demand, says report
Retail inflation eased to a five month low in April as the nationwide lockdown imposed to try to quell the spread of the coronavirus and subsequent sluggish demand drove price pressures down, a poll surveys revealed.
JSPL said the outbreak of pandemic began impacting economic activity by the third week of March, leading to the announcement of the nationwide lockdown.
The SBI Chairman said the nationwide lockdown should only be lifted once the situation is fully under control.
Govt brushes off officers' proposal for wealth, coronavirus tax on super rich; terms IRS report 'irresponsible'
The suggestions are part of a paper titled 'Force', which stands for 'Fiscal Options & Response to the COVID-19 Epidemic', submitted by the Indian Revenue Service (IRS) Association to CBDT (Central Board of Direct Taxes) Chairman P C Mody,
Banking declared as public utility service for six months till 21 October; employees will not be able to go on strikes
All public sector banks, old generation private sector banks like HDFC Bank, ICICI Bank, Axis Bank and Federal Bank are members of IBA
Inland logistics players' volume may fall 10-15% in current financial year; operational recovery to be gradual: India Ratings
The agency pointed out that between 2016-17 and 2018-19, the logistics space in India experienced a large amount of consolidation and the share of integrated logistics players increased substantially.
US oil plunged below $0 a barrel on Monday: Here's all you need to know about negative crude futures and what it means for consumers
The price of a barrel of benchmark US oil plunged below $0 a barrel on Monday for the first time in history, a troubling sign of an unprecedented global energy glut
Getting India back in the fast lane: Factories, industrial units should be allowed to resume under supervision, writes Naveen Jindal
Many industrial units in India have their own townships. Whether in Bokaro, or Greater Noida, or in Tuticorin, they are often self-contained.
IAMAI said that e-commerce services can facilitate delivery from producers and sellers to more than 75-100 million active customers on various platforms across 19,000 pincode areas.
Bank shares tank after Moody''s changes outlook on Indian banks to negative; deterioration in banks' asset quality expected
Banks were the biggest drag for the 30-share BSE barometer which ended 674.36 points lower at 27,590.95.
Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, IndusInd top losers
Bank shares on Friday dropped up to 15 percent after Moody's Investors Service changed the outlook for the Indian banking system to negative from stable
COVID-19 impact: Moody's changes outlook on Indian banks to negative from stable; move triggered by disruption in economic activity
Moody's said Banks' asset quality will deteriorate across the corporate, small and medium enterprises and retail segments, leading to pressure on profitability and capital.