With much of the country locked down for most of the quarter, revenues were severely hit, falling 32% to Rs 24,289 crore as deliveries declined more than 20%. In one of its worst performances, Tata Steel on Thursday reported a consolidated net loss of Rs 4,609 crore for the June […]

RBI had earlier allowed lenders to restructure personal as well as corporate loans with strict barriers. Despite restructuring relief from Reserve Bank of India (RBI), credit costs are likely to more than double for most of non-banking players, Acuite Ratings and Research said on Thursday. In a discussion on non-banking […]

This suggests supply disruptions may have more than offset any demand destruction in the economy following Covid. Retail inflation spiked to 6.93% in July, against a revised 6.23% in June, despite a purported Covid-induced demand compression in the economy. While food inflation reversed an easing trajectory witnessed in May and […]