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Global coronavirus infections cross 4.2 mn, death toll moves past 285,000

General

12 May, 2020

Global coronavirus infections cross 4.2 mn, death toll moves past 285,000

More than 4.2 million people have been reported to be infected by the novel coronavirus globally and 285,339 have died, ......

Indian bond yields surge as government borrowing balloons

Markets

11 May, 2020

Indian bond yields surge as government borrowing balloons

India's benchmark 10-year bond yield surged on Monday following the government's decision to sharply increase market borrowing amid a major ......

Budget math changes as govt increases FY21 borrowing by 54%

Economy

08 May, 2020

Budget math changes as govt increases FY21 borrowing by 54%

The Indian government plans to borrow 12 trillion rupees ($160 billion) in the fiscal year to March 2021, up from ......

India may see 0% GDP growth this fiscal year: Moody's

Economy

08 May, 2020

India may see 0% GDP growth this fiscal year: Moody's

The impact of the coronavirus outbreak will exacerbate the material slowdown in India’s economic growth, with the country expected to ......

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How banks' credit growth slumped across sectors in the wake of coronavirus

Finance

06 May, 2020

How banks' credit growth slumped across sectors in the wake of coronavirus

In the last week of April, one month into the national lockdown, commercial banks parked more than Rs 7 trillion ......

India's services activity collapses as coronavirus cripples global demand

Economy

06 May, 2020

India's services activity collapses as coronavirus cripples global demand

India’s services activity suffered a shock collapse in April as the coronavirus lockdown crippled global demand, causing a historic spike ......

Govt hikes taxes on petrol, diesel to boost revenue

Economy

06 May, 2020

Govt hikes taxes on petrol, diesel to boost revenue

India late on Tuesday increased its taxes and duties on petrol and diesel instead of passing on the benefit of ......

India's factory activity slumped to record low in April: PMI

Manufacturing

04 May, 2020

India's factory activity slumped to record low in April: PMI

India’s manufacturing activity contracted at its sharpest pace on record in April as a lockdown to combat the rapid spread ......

Govt extends lockdown, allows relaxations in lower-risk zones

General

01 May, 2020

Govt extends lockdown, allows relaxations in lower-risk zones

India said on Friday it would extend its nationwide coronavirus lockdown for another two weeks after May 4, but would ......

Fitch warns India against further deterioration in fiscal outlook

Economy

28 April, 2020

Fitch warns India against further deterioration in fiscal outlook

India’s sovereign rating could come under pressure if its fiscal outlook deteriorates further as the government tries to steer the ......