The services sector expanded at its fastest pace in more than a decade to meet growing demand despite rising inflation. The survey-based IHS Markit Services Purchasing Managers’ Index (PMI) acce...

The output of eight core sectors grew 9.4 per cent in July mainly due to a low base effect and an uptick in production of coal, natural gas, steel, cement and electricity, official data showed.  ...

The Centre on Wednesday announced yet another loan outreach programme in October, with bank credit growth remaining as flaccid as ever after the Modi government’s much tom-tommed loan mela less ...

Banks have restructured loans of around Rs 35,000 crore under the Reserve Bank of India’s Resolution Framework 2.0 that allows lenders to implement a resolution plan for eligible borrowers in a ...

The country's gross domestic product (GDP) growth is likely to be 8.8 to 9 per cent in the current financial year, driven by agriculture and industry sectors, Care Ratings said in a report. The c...

Industrial output surged 29.3 per cent in May, backed by a low-base effect and good performance by manufacturing, mining and power, but remained below the pre-pandemic level. The manufacturing sector...

A mismatch between credit and deposit growth rates is hurting banks who are finding no fresh investment commitments in the private sector to turn around the low credit demand. The rise in overall dep...

The fiscal deficit for 2020-21 stood at 9.3 per cent of GDP, 0.2 per cent lower than the finance ministry’s revised estimate of 9.5 per cent of GDP. In absolute terms, fiscal deficit stood at R...

The National Statistical Office (NSO) will put out its provisional estimates for GDP (gross domestic product) in 2020-21 on Monday amid rising speculation that the economy will contract  about 7....

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