Sensex closed 28.35 points higher at 48,832 and Nifty rose 36.40 points to 14,617 in choppy trade today

While the reading will be heavily skewed by the plunge in activity a year earlier, the expected jump would be the strongest since at least 1992, when official quarterly records started, according to the median forecasts of 47 economists polled by Reuters

Stock of Wipro climbed 3.38% to Rs 432.8  against previous close of Rs 418.65 on BSE

On a quarterly basis, the impact will be much higher -- a 140 bps loss of nominal GDP in the first quarter, Barclays said in the report

The RBI adopted multiple regulatory forbearance measures and ultra-loose monetary policy to counter economic headwinds. Now it has to work out an exit roadmap

COVID-19 surge: No lockdown in Maharashtra; strict restrictions imposed from 8 PM todayMaharashtra government has decided not to impose lockdown in the state, but strict restrictions will be in place to curb the recent surge of coronavirus cases, announced Chief Minister Uddhav Thackeray. All limitations will remain in effect from 8 PM on April 14 till 7 AM on May 1, with only essential services exempted from their ambit. Hotels and restaurants will continue to observe the extant restriction...

Saying that the second wave presents a risk to India's growth forecast, Moody's said the Indian economy is still likely to grow in double-digits in 2021.

Analysts in a Reuters poll had forecast year-on-year exports growth of 35.5% after shipments surged 154.9% in February

Sensex crashed 1,707  points or 3.44 per cent to end at 47,883 and Nifty plunged 524.05 points or 3.53 per cent to finish at 14,310

Nomura says revision in GDP forecast reflects impact second Covid-19 wave could have on Indian economy. It expects second wave to result in weaker sequential momentum in Q2 (Q1FY22)

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

While the volume gains in January-March are attributable to low base of March 2020, there has also been a sequential recovery in demand across sectors.

The International Monetary Fund (IMF) on Tuesday raised its growth forecast for Indian economy by 100 basis points to 12.5 per cent for fiscal year 2021-22. The IMF said it expects India's GDP to grow 12.5 per cent in FY22, the highest among emerging and advanced economies. GDP growth for FY23 is pegged at 6.9 per cent. The projections also say that India is the only country expected to register a double-digit growth this fiscal. But how will the projections play out considering the country is witnessing an unprecedented surge in COVID cases all across the country. To answer this, IMF chief economist in conversation with India Today, tells us how she arrived at this number and what gives her confidence that India would be the fastest growing emerging economy in the world. Watch the video for details.

Eligible participants are required to submit their bids in electronic format on the RBI Core Banking Solution (E-Kuber) system between 10 am and 11 am on April 15. The apex bank said that physical bids will be accepted only in the event of a system failure

Gartner forecasts IT spending in India to grow 7.3 per cent this year. However, it's lower than the global average of 8.4 per cent

IMF this week raised its growth forecast for the Indian economy by 100 basis points to 12.5 per cent for the fiscal year 2021-22. It expects India's GDP to grow 12.5 per cent in FY22, the highest among emerging and advanced economies

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

Global recovery underway after worst recession since WW-2: IMF head A day after the International Monetary Fund forecast a global growth of six per cent for this year, IMF Managing Director Kristalina Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. The outlook, she asserted, is brighter because millions of people are benefitting from vaccinations and because of further policy support, especially in the US. SEBI fines Mukesh Am...

There's the good news that there is faster global growth driven primarily by the US, China, and India, having strong rebounds, World Bank president David Malpass

Without them, without those fiscal and monetary measures, the global contraction last year would have been three times worse. This could have been another Great Depression, IMF Managing Director Kristalina Georgieva noted