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BusinessToday.In
New Delhi, April 10, 2021
Westlife Development, which operates McDonald's restaurants in the southern and western region in India, on Friday said the quick-service brand's restaurants will operate 24/7 for contactless delivery from select stores in Mumbai; India's second wave of coronavirus infections poses heightened risks for the country's fragile economic recovery and its banks, Fitch Ratings said on Friday; Prince Philip, the husband of Britain's Queen Elizabeth II, passed away at the age of 99 on Friday. Watch this and more on News Blast.Also Read: COVID 'negative' certificate necessary for IPL audience in Wankhede


Shailendra Shukla
New Delhi, April 10, 2021
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...


Reuters
April 10, 2021
This is the first major deal by Aramco since its listing in late 2019 when the Saudi government sold a minority stake in the firm for $29.4 billion in the world's biggest initial public offering


Niti Kiran
April 9, 2021
\"The robust revenue growth rides on a low base of the corresponding quarter a year ago, besides higher government capital expenditure, and higher realisations amid a commodity upcycle, among others,\" the report said


PTI
April 9, 2021
India consumed 194.63 million tonnes of petroleum products in 2020-21 as compared with 214.12 million tonnes demand in the previous year, according to the latest data released by the oil ministry's Petroleum Planning and Analysis Cell (PPAC)


Reuters
April 9, 2021
The April 5-8 poll of more than 50 economists showed retail inflation rose to 5.40 per cent in March from a year earlier as opposed to 5.03 per cent in February. Forecasts ranged from 4.60% to 6.11 per cent


Reuters
April 9, 2021
Brent crude futures for June edged down 2 cents to $63.18 a barrel by 0450 GMT, while U.S. West Texas Intermediate (WTI) crude for May was at $59.70 a barrel, up 10 cents, or 0.2%


PTI
April 9, 2021
India accelerated work in early 2021 and the port is expected to be declared operational no later than May 2021, said the US Congressional Research Services report


BusinessToday.In
April 8, 2021
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.


PTI
April 8, 2021
On the Multi Commodity Exchange, crude oil for April delivery eased by Rs 35, or 0.79 per cent, to Rs 4,409 per barrel with a business volume of 5,938 lots


BusinessToday.In
New Delhi, April 8, 2021
New COVID-19 strains are suspected in Maharashtra as \"some patients are showing behaviours other than routine ones,\" said state Health Minister Rajesh Top; A major fire broke out on Wednesday at an oil refinery run by Petroleos Mexicanos (Pemex) in the eastern city of Minatitlan by the Gulf of Mexico, though there were no immediate reports of fatalities, Mexican media and authorities said; IMF Managing Director Kristalina Georgieva has said that after the worst global recession since the Second World War, the recovery is underway. Watch this and more news on News Blast.


Rashi Bisaria
New Delhi, April 8, 2021
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...


Reuters
April 8, 2021
The blaze started on Wednesday afternoon, according to media reports, and Mexico's safety, energy and environment regulator ASEA said it was monitoring the situation


Nevin John
April 7, 2021
Instead of the average monthly import order of 14.8 million barrels, the Indian state-run oil refiners have placed orders for just 9.5 million barrels of Saudi oil in May


Anand Adhikari
April 7, 2021
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


PTI
April 7, 2021
The central bank kept its key policy repo rate unchanged at 4 per cent, but warned that the recent surge in COVID-19 infections has created uncertainty over economic growth recovery


BusinessToday.In
April 6, 2021
Baseline projections show a return of inflation to its long-term average as the remaining slack subsides only gradually and commodity-driven base effects fade away, IMF said.


BusinessToday.In
New Delhi, April 6, 2021
Backed by vaccinations and the experience from controlling the first wave of coronavirus pandemic, the Indian economy is well prepared to handle any downside risks posed by the second wave of COVID-19 cases, said FM Nirmala Sitharaman; Indian state refiners will buy 36% less oil from Saudi Arabia in May than normal, three sources said, in a sign of escalating tensions with Riyadh even after the Kingdom supported the idea of boosting output from OPEC and allied producers last week; Indian social commerce platform Meesho has entered the unicorn club after raising $300 million in the latest round of funding. Watch this and more on News Blast.Also Read: Covishield 90% effective if doses given after gap of 2-3 months: Adar Poonawalla


Anand Adhikari
April 6, 2021
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


Rashi Bisaria
New Delhi, April 6, 2021
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...


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