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 Philippines suspended the use of AstraZeneca shots for people under age 60 after Europe's regulator said on Wednesday it found rare cases of blood clots among some adult recipients, although it still believes that the vaccine's benefits outweighed its risks

Nomura said RBI's latest monetary policy stance is \"less dovish than meets the eye\" as it maintained GDP projection despite 2nd wave, projected CPI inflation higher and shifted view on forwarding guidance

India's debt to GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, the International Monetary Fund has said

The COVID-19 sub-committee of WHO GACVS met on Wednesday to review the recent information from the British, EMA, and other medicines regulators

The change in the 2021 forecast for India is minuscule compared to earlier projections, IMF chief economist Gita Gopinath said

The central bank had projected CPI of 5.2 to 5% in the first half (August to September) of 2021-22. The new forecast is an indicator of the hardening of inflation in the economy

RBI MPC meet announcements: GDP growth forecast for FY2021-22 has been retained at 10.5 per cent, consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4

Reserve Bank of India's Monetary Policy Committee decides to retain its 'accommodative' policy stance; projection of real GDP growth for 2021-22 is retained at 10.5%

India is the only country expected to register a double-digit growth this fiscal.

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...

Interestingly, 86 percent of the business leaders who responded to the Mckinsey survey in India said the country's economy is going to do better in the next six months

Nomura had a relationship with Hwang's Tiger Asia Management LLC before the investment firm shut down in 2012 after being punished by US and Hong Kong regulators for insider trading of Chinese stocks

Epic Games is looking to raise as much as $1.7 billion for its next round of funding through existing and new investors. With this, the evaluation of the company will reach an estimated $28 billion.

Indian investors have been investing  in global stocks via the mutual fund route. But there are risks involved in investing in the international market. Atul Shinghal , Founder and CEO of Scripbox, a full stack wealth management service provider spoke to Anand Adhikari, Executive Editor, Business Today about some of these risks, and why the Indian investor needs to tread with care. Watch the video for more.

Credit Suisse and Nomura were slower than rivals to cut their exposure to the fund. Global lenders that acted as brokers for Archegos may have to write down more $6 billion after the fund defaulted on payments

Health Minister Jens Spahn and state officials agreed unanimously to only give the vaccine to people aged 60 or older, unless they belong to a high-risk category for serious illness from COVID-19

The National Advisory Committee on Immunization had recommended the pause for safety reasons and the Canadian provinces, which administer health in the country, announced the suspension Monday

Nooyi underlined that with their innovative thinking, can-do attitude, and appetite for risk, the younger generation has begun to act on and shape their response to climate and water security