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

According to new findings, published in the Lancet Psychiatry journal on April 6, 34% of COVID-19 survivors were diagnosed with psychological or neurological conditions within six months of their infection

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.

While the RBI has kept the repo rate unchanged, hinting at short-term interest rates to remain low, the risk from ultra-loose monetary policy is certainly on the rise as the future inflation trajectory has an upward bias

Sectors more susceptible to automation have seen steeper decline in employment with fall in the share of employed workers with lower skills, IMF said in its latest World Economic Outlook report

Citing data from RBI, CMIE said household financial savings in India shot up to 21 per cent of GDP in the first quarter of fiscal year 2020-21 after averaging 7.2 per cent in 2018-19.

As of Tuesday, over 8.31 crore people have been immunised against COVID-19, with more than 43 lakh people getting the life-saving jabs in the last 24 hours

The dip in output by around Rs 40,000 crore in the case of Maharashtra would lead to a decline in Gross value added (GVA) growth by 0.32% at the overall domestic economic level

The RBI had said two months ago that urban demand and demand for contact-intensive services are expected to strengthen with the substantial fall in COVID-19 cases but things have changed since then. Here's what the central bank will have to factor in while announcing GDP and inflation projections

COVID-19 vaccination: Uddhav Thackeray asks PM Modi to reduce eligible age to 25 yrsMaharashtra Chief Minister Uddhav Thackeray has written a letter to Prime Minister Narendra Modi asking to reduce the age for getting COVID-19 vaccination to 25 years. Saying that the second wave of the coronavirus is much stronger than the first wave in the state, Thackeray said Maharashtra is taking up vaccination at a rapid pace and is the number 1 state in the country in terms of COVID-19 vaccine doses adm...

Despite the surge in cases, it said, the recovery in economy is resilient with sustained improvement in majority of high frequency indicators.

The 30-share BSE benchmark index plummeted 1,449.03 points to 48,580.80 in morning trade

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

COVID-19 surge: Cannot rule out possibility of lockdown, says Uddhav Thackeray Maharashtra Chief Minister Uddhav Thackeray on Friday said he cannot rule out the possibility of a fresh lockdown if COVID-19 cases continue to rise in the state. While a lockdown is fatal, the state is caught in a peculiar situation where it has to look after the economy as well as save lives of people, he said. India strongly pitches for cuts in crude oil productionIndia on Friday strongly pitched for easing...

Gadkari added that the achievement was noteworthy as it was accomplished despite limitations in the wake of the coronavirus pandemic

March GST receipts were more than Rs 10,000 crore higher than the February 2021 collection of Rs 1.13 lakh crore and the highest since the introduction of the indirect tax regime

A sharp increase in global crude oil prices has pushed retail rates of petrol and diesel to historic highs. Taxes are partly to be blamed, but reducing excise duties may not be easy for a cash-strapped government

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.