India's fuel demand recovered sharply in June from April before slowing due to the reimposition of restrictions in certain cities because of coronavirus and flooding in some regions

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Speaking at a virtual event, Banerjee said the country's economic growth was slowing down even before the COVID-19 pandemic hit as real GDP growth had moderated from 7 per cent in 2017-18 to 6.1 per cent in 2018-19 and 4.2 per cent in 2019-20

Future Enterprises share hit lower circuit of 5% to Rs 11.20 against previous close of Rs 11.75 on BSE. The stock has lost 20.21% in the last five days

Canada's COVID-19 cases have spiked in recent days, with an average of 1,123 new cases reported daily over the past week, compared with a daily average of 380 cases in mid-August

The OERC's decision came in response to an application by the states lone bulk electricity supplier GRIDCO (Grid Corporation of Odisha) on August 21

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The lower economic activities post the COVID-19 outbreak changed the financial position of global oil giants as most of them posted losses in the last quarter

The telcos have been directed to publish details of each tariff plan for postpaid and prepaid subscribers, and offer information to subscribers at customer care centres, points of sales, retail outlets and websites, and apps with requisite disclosures

The agencies believe that since Airtel is not required to make lumpsum AGR payment to Department of Telecommunications, the telco can use some of its recently-raised funds to deleverage

Given the strong investor demand for Reliance Retail, Carlyle Group Inc and SoftBank Group Corp proposals to buy stake in billionaire Mukesh Ambani-led company have been put onto a waiting list

To calculate the petrol and diesel price for the day, base price, freight costs, excise duty, VAT, dealer commission and other costs are added

Moody's said that India's credit profile has been impacted by low growth, high debt burden and weak financial system, while these risks have been exacerbated by the coronavirus pandemic

The global research firm believes that the proposed acquisition of Future Group's retail business will fortify Reliance's retail footprint, especially in the grocery retail sub-segment

Sales of refined fuels, a proxy for oil demand, fell to 14.39 million tonnes in August, about 16% lower from a year earlier, its sixth consecutive year-on-year slide

While Goldman Sachs and Fitch estimated real GDP growth to contract 14.8 per cent and 10.5 per cent, respectively, in FY21, economists at State Bank of India projected a negative growth of 10.9 per cent

The rating incorporates weak petroleum product demand and gross refining margins (GRMs) in the near term, followed by a gradual recovery and strong marketing margins, reflecting BPCL's ability to reap some benefits from low oil prices

RBI board member Manish Sabharwal also said the country needs immediate reforms in banking, compliance, labour laws and education because \"hope is not a strategy\"

Fitch Ratings says India's GDP will contract by 10.5 per cent in FY21 vs its earlier projection of 5%; India Ratings also believes economy would contract by 11.8 per cent in FY21 against its earlier projection of 5.3%

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