Fuel demand contracts 9.1% in FY21; first since 1998-99India's fuel demand contracted by a massive 9.1 per cent in the financial year ended March 31, the first in more than two decades, as a stringent lockdown imposed to curb the spread of the pandemic pummelled economic activity, government data showed on Friday. This is the first time that the fuel consumption has contracted since 1998-99, the most historical year for which government data is available. The demand contraction was led by di...

The second wave could dent the sluggish recovery in consumer and corporate confidence, and further, suppress banks' prospects for new business, the global credit rating agency said on Friday

The Finance Ministry said that the central government has decided minimum threshold default of Rs 10 lakh for initiation of resolution process by MSME corporate debtor.

Japan has twice declared a state of emergency that covered most of the country in the past year, most recently just after New Year as the pandemic's third and most deadly wave struck

Stock Market News Update Today: Out of 30 stocks on BSE, 25 ended in red, with Bajaj Finance, IndusInd Bank, State Bank of India, Axis Bank, Bajaj Finserv emerging as top losers, dropping between 4-6 per cent

Particularly within SBI Card, now, more than 53 per cent of the spends actually come from online payments which used to be around 44 per cent earlier,\" said SBI Card MD and CEO Rama Mohan Rao Amara

Till about February, hoteliers were expecting recovery to continue in FY22, but the second wave has turned out to be a dampener. Most large hotel chains are expected to close FY21 with net losses

Saying that the livelihood cost of a lockdown is too high, Vyas said average household incomes fell by 9.2 per cent in March 2020 and by 27.9 per cent in April 2020 as a result of the lockdown.   

Started as a two-wheeler bike-sharing service in December 2015, Rapido has expanded its services in logistics. When mobility had gone to a standstill during the first three months of lockdown last year due to COVID-19 pandemic, Rapido leveraged its logistics business

Significantly, 45 per cent of global CEOs don't expect to return to normalcy in 2021, while only one-third (31 per cent) are anticipating a return to normal in 2021.

Just 17% of chief executives plan to cut back on offices, down from 69% in the last survey in August

Speculations regarding the blocking of IP addresses have come at a time when reports have already surfaced that the Centre will table Cryptocurrency and Regulation of Official Digital Currency Bill, 2021 in the Parliament very soon

Stock Market News Update Today: Tech Mahindra, Tata Consultancy Services, Sun Pharmaceutical Industries, Dr. Reddy's Laboratories and Infosys were among notable gainers, while IndusInd Bank, Power Grid Corporation of India, ICICI Bank, HDFC Bank, Axis Bank, Reliance Industries were among top losers

During the first day of the bank strike, services such as cash withdrawals, deposits, cheque clearing, and business transactions remained impacted across the country

The company, which had hiked prices in October and January to offset the impact of rising commodity rates, is looking at taking a similar step in April in the wake of continued increase in steel and other raw material prices

COVID-19 vaccination: Technical glitches in Co-WIN, hesitancy led to low coverage, says Health Ministry At the start of the Covid-19 vaccination drive, fewer beneficiaries than planned attended inoculation sessions due to transient technical issues in the Co-WIN portal, vaccine hesitancy etc, which have progressively been addressed, Rajya Sabha was informed on Monday. The rate of vaccination coverage has subsequently increased, the ministry has further added. India 'at forefront' in fight...

Fitch Ratings said the state-owned banks are more vulnerable than private banks, given their participation in relief measures, while their earnings and core capital buffers are weak.

The contraction hitting the services sector comes as a state of emergency for Tokyo and three surrounding prefectures put in place in part to take pressure off the nation's medical system is set to end on Sunday

Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.

Insurance has become the most-preferred financial product to protect the family against health emergencies post the COVID-19 pandemic, according to a survey from Tata AIA Life Insurance.