RBI Governor Shaktikanta Das said the rise in new COVID-19 cases has led to the re-imposition of lockdowns in several parts of the country.

Passenger vehicle sales in the country declined 49.59 per cent last month compared with the corresponding period a year ago, industry body Society of Indian Automobile Manufacturers (SIAM) said on Tuesday. That included a 57.98 per cent drop in passenger car sales in June. The latest data from SIAM highlights weakness in the country's automobile market, already strugg...

Resuming trade after two holidays, the rupee slid below the 76 mark against the dollar on Friday as the country entered the tenth day of a 21-day lockdown to curb the spread of the coronavirus pandemic. The rupee declined by as much as 48 paise - or 0.63 per cent - against the greenback in morning deals after starting the day at 75.97. Analysts say the rupee is expect...

Coronavirus: State Bank of India (SBI) has warned its employees against posting content on social media that is critical of the lender over its functioning in the wake of the countrywide lockdown to curb the coronavirus pandemic. The development comes amid rising number of coronavirus cases in the country, which entered the tenth day of a pan-India lockdown to fight t...

Domestic stock markets registered sharp losses on Monday after the government extended the world's biggest lockdown to curb the spread of the coronavirus (COVID-19) pandemic until May 17 with few relaxations. The S&P BSE Sensex index tumbled as much as 6.19 per cent - or 2,085.6 points - to hit 31,632.02 during the session, having started the day down 969.48 points at...

BSE Sensex Today: Domestic stock markets started Monday's session on a sharply higher note tracking gains in Asian peers, as the country remained in the third phase of a nationwide lockdown to curb the spread of the coronavirus (COVID-19) pandemic. The S&P BSE Sensex index jumped as much as 2.08 per cent - or 658.88 points - to touch 32,301.58 in the first few minutes...

Domestic stock markets fell more than 1 per cent in early trade on Tuesday tracking weakness in global markets, as the country remained in the third phase of an extended lockdown to curb the spread of the coronavirus (COVID-19) pandemic. The S&P BSE Sensex index dropped as much as 2.19 per cent - or 691.24 points - to hit 30,869.98 in the first half of the day, after ...

The Reserve Bank of India (RBI) expects the country's GDP or gross domestic product to contract in the current financial year, Governor Shaktikanta Das said on Friday, as he announced a reduction in the repo rate by 40 basis points to 4 per cent. GDP growth will be in the negative territory in 2020-21, Mr Das said in his first address to the media after the government...

India's gross domestic product (GDP) grew 3.1 per cent in January-March, official data showed on Friday, reflecting the partial impact of the COVID-19 lockdown on the manufacturing and services sectors. That was much better than economists' estimates, but still lower than 4.1 per cent in the previous quarter. The annual expansion in the GDP stood at 4.2 per cent in fi...

Trading in the domestic stock markets was halted for 45 minutes on Monday morning as benchmark indices plunged 10 per cent to trigger the lower circuit. after India entered a lockdown joining several countries in their fight against the deadly coronavirus (COVID-19) outbreak. The S&P BSE Sensex index froze at 27,608.80 - down 2,307.16 points from the previous close - ...

Trading in the domestic stock markets resumed after a 45-minute halt following a 10 per cent plunge each in benchmark indices S&P BSE Sensex and Nifty 50. The Sensex plunged as much as 3,974.38 points to 25,941.58 in late afternoon deals, and the Nifty dropped to as low as 7,611.15, down 1,134.3 points from the previous close. Earlier, the Sensex and Nifty had frozen ...

Finance Minister Nirmala Sitharaman on Tuesday announced a slew of relief measures for taxpayers and businesses as the country entered a second day of lockdown to curb the coronavirus (COVID-19) outbreak. Announcing a relaxation in the due dates for filing of certain income tax as well as Goods and Services Tax (GST) returns, Nirmala Sitharaman said the government is ...

Gold tends to benefit from widespread stimulus measures as it is often seen as a hedge against inflation and currency debasement.

Rupee Vs Dollar: After starting the session flat at 75.55, the rupee moved in a range of 75.54-75.77 during the day before settling at 75.73 against the greenback.

Walmart Inc's Flipkart has suspended services, a notice on thee-commerce firm's website said on Wednesday, as India began a 21-day lockdown to fight the spread of the coronavirus pandemic. Prime Minister Narendra Modi ordered the lockdown from Tuesday midnight, but agovernment advisory suggested exempting e-commerce deliveries of essentials such as food and medical eq...

State Bank of India (SBI) managing director PK Gupta also denied the report, saying: "Not true at all. There is no such plan."

Union Finance Minister Nirmala Sitharaman on Thursday said that the Centre will direct state governments to utilise the construction workers' welfare fund to support these workers against economic disruption due to the 21-day lockdown in the wake of the coronavirus crisis.

Students have staged a protest against a coronavirus lockdown at a university in eastern China as authorities across the country take baby steps away from their hardline zero-Covid policy.

China on Tuesday said it will take steps to "minimise" the impact of its draconian coronavirus lockdowns, amidst the unprecedented public protests against President Xi Jinping's stringent zero-COVID policy.

Delhi Lieutenant Governor V K Saxena has approved the withdrawal of 15 cases against 64 migrant labourers for violating lockdown measures during the pandemic, an official statement said on Tuesday.

Millions of people in Beijing stayed home on Monday as China's capital tries to fend off a Covid-19 outbreak with creeping restrictions on movement.

The tensions of lockdown have exposed divisions among Shanghai residents, pitting young against old, locals against outsiders, and above all, COVID-negative against COVID-positive people.

Residents in the major Chinese financial centre of Shanghai, with 26 million under lockdown, scrambled to secure food on Wednesday, with supermarkets shut and deliveries restricted amid another citywide COVID-19 testing programme.

The distressing case of a pregnant Chinese woman miscarrying after a strict lockdown delayed her access to medical treatment has reignited debate over the limits of China's zero-tolerance approach to Covid-19.