COVID 19 cases - Latest News, Analysis, Opinion - BW Businessworld

The country's GDP contracted by 7.3 per cent. Last week, the Reserve Bank of India (RBI) had projected real GDP growth at 9.5 per cent in 2021-22.

Kangana Ranaut Claims She Is Late In Paying Tax Due To 'No Work'

The National Award-winning actor will also headline movies 'Tejas' and actioner 'Dhaakad', while 'Manikarnika Returns: The Legend Of Didda' and a film on former Prime Minister Indira Gandhi are in the pipeline.

Maruti Suzuki Total Sales Decline 71 % In May Over April

Sales of compact segment vehicles, including Swift, Celerio, Ignis, Baleno and Dzire, declined by 72 per cent to 20,343 units from 72,318 cars in April.

Barclays Cuts India's FY22 GDP Estimate To 9.2 Pc On Second Wave, Slow Pace Of Vaccinations

Health

India's vaccination programme has slowed significantly, given persistent supply constraints and logistical challenges, the British brokerage said, adding the situation will only improve in the September quarter.

Bosch Suspends Production At Nashik Plant Till May 23

The company's Nashik plant caters to common rail systems with a key portfolio of injectors and nozzles for passenger cars, heavy and commercial vehicles, and tractor segments.

COVID Impact: Passenger Vehicle Sales In India Dip 10 % Month-On-Month In April

Companies & Markets Sector Reports Auto

Vehicle sales across categories declined by 30 per cent to 12,70,458 units last month, as against 18,19,682 units in March.

Rupee Falls 17 Paise To 73.51 Against US Dollar In Early Trade

At the interbank foreign exchange, the domestic unit opened lower at 73.51 against the dollar, registering a fall of 17 paise over its previous close.

Tata Motors Extends Free Service Period Amid Pandemic

Companies & Markets Sector Reports Auto

The company had recently announced that it has set in motion a comprehensive 'Business Agility Plan' to protect and serve the interests of its customers, dealers and suppliers

Sensex Jumps 296 Pts; Nifty Ends Above 14,900

Domestic equities continued to defy concerns of rising COVID-19 cases and extended mobility restrictions by several states by extending gains for the fourth consecutive trading day

Economic Activity Down In April, May But Shock Less Severe Than 2020: Fitch

Economy India

RBI has also allowed funding by small finance banks to smaller microfinance institutions (MFIs) for on-lending to be classified as priority-sector lending.

Flipkart Announces Measures To Support Sellers Amid COVID-19

Flipkart will bear a 100 per cent premium of COVID insurance extended to all sellers, which covers hospitalisation and consultation between Rs 50,000 to Rs 3 lakhs.

India's Sovereign Rating To Remain At Current Level For Next 2 Years: S&P

Fitch projected a 12.8 per cent recovery in GDP in the fiscal year ending March 2022, moderating to 5.8 per cent in FY23, from an estimated contraction of 7.5 per cent in 2020-21.

India To Breach Fiscal Deficit Target In FY22: Fitch Solutions

Central government expenditure is likely to be around the project of Rs 34.8 lakh crore as it looks to maintain its high pandemic-period spending so as to bolster pace of economic recovery.

Hero Motocorp Q4 Net Jumps 44 % To Rs 885 Cr