India's fuel demand to rise 9.8% in year to March 2022 : Bulletin: Business Today
Business Today

India's fuel demand to rise 9.8% in year to March 2022

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Rashi Bisaria | March 3, 2021

India's fuel demand to rise 9.8% in year to March 2022

India's fuel consumption could rise by 9.8% in the year to March 2022, its highest pace of growth in six years, driven by robust demand for gasoline and gasoil in Asia's third largest economy, according to initial government projections. Higher expectation of fuel consumption, a proxy for oil demand, points to a sharp recovery in industrial activity in the economy hit hard by the pandemic.

Economic recovery lost steam in Jan-Feb: Axis Bank

Leading key indicators suggest loss of momentum during January and mid-February, with the recovery in Indian economy entering a consolidation phase, according to a recent report. Leading and concurrent high frequency indicators are showing signs of plateauing at about 3 per cent below pre-lockdown levels, which is a cause for worry, says Axis Bank.

Elon Musk richest person in world; Mukesh Ambani wealthiest Indian

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COVID-19 vaccine: UK to get 10 million doses of AstraZeneca jab from India

The UK will receive 10 million AstraZeneca COVID-19 vaccine doses made by the Serum Institute of India (SII), the UK government said in a statement on Tuesday. SII, the world's largest vaccine manufacturer by volume, is mass producing the AstraZeneca vaccine, developed with Oxford University, for dozens of poor and middle-income countries.

Jio buys spectrum worth Rs 57,123 crore in all 22 circles

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Flipkart expands grocery services to more than 50 cities

Homegrown e-commerce giant Flipkart has expanded its grocery services to more than 50 cities through its pan-India marketplace. The e-commerce platform said that this expansion will provide customers from seven metro cities and over 40 neighbouring cities access to high-quality grocery products. They are also offering savings and offers, and quick deliveries.

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