Activity in India's dominant services sector rose at its fastest pace in five months in August as demand remained resilient amid easing inflationary pressures, a survey showed. The HSBC final India Services Purchasing Managers' Index, compiled by S&P Global, rose to 60.9 in August, up from July's 60.3 and exceeding a preliminary estimate of 60.4. … Read more
The Indian rupee was little changed on Wednesday, as a slump in oil prices and the dovish Federal Reserve outlook countered the poor risk mood. The rupee was at 83.9575 to the U.S. dollar at 10:40 a.m. IST compared with 83.9625 in the previous session. Brent crude dipped in Asia, adding to Tuesday's near 5% … Read more
The FIIs as per Tuesday's data were net buyers in both equity and debt-general limit segments, according to data released by the NSDL. In equity segment, the gross buying was of Rs 18158.61 crore against gross selling of Rs 12398.80 crore. Thus, FIIs stood as net buyers of Rs 5759.81 crore in equities. In the … Read more
Mansukh Mandaviya, Union Minister for Labour and Employment and Youth Affairs and Sports, has said that employment generation is a top priority for the government, and the Employment Linked Incentive (ELI) Scheme is a step in the right direction to achieve this goal. Government is committed to working closely with stakeholders to design a scheme … Read more
GR Infraprojects is currently trading at Rs. 1622.00, up by 15.85 points or 0.99% from its previous closing of Rs. 1606.15 on the BSE. The scrip opened at Rs. 1604.70 and has touched a high and low of Rs. 1622.00 and Rs. 1603.70 respectively. So far 301 shares were traded on the counter. The BSE … Read more
Hiring in several sectors like artificial intelligence-machine learning (AI-ML), pharma, and FMCG demonstrated resilience and growth in August, according to a report on Tuesday. The report by job portal Naukri showed that AI-ML led the sectors in hiring with a robust 14 per cent year-on-year increase, followed by FMCG (+11 per cent), Pharma/Biotech (+9 … Read more
The government-run Open Network for Digital Commerce (ONDC) is now enabling more than 1.2 crore orders per month, with over six lakh sellers live on the network, it was announced on Tuesday. ONDC was awarded the prestigious gold award under the category ‘application of emerging technologies for providing citizen-centric services’ in the National Awards for … Read more
With the World Bank revising India’s growth outlook from previous forecast of 6.6 per cent to 7 per cent in the current fiscal, industry leaders said on Tuesday that the country is continuously increasing its resilience despite many uncertainties at the global front. According to the World Bank, the Indian economy continues to grow at … Read more
The safe-haven Japanese yen rallied on Wednesday while riskier currencies like the Australian dollar and sterling languished as traders ran for cover following the worst sell-off in almost a month on Wall Street. The catalyst was ostensibly some soft U.S. manufacturing data, which fanned worries about a hard landing for the world's biggest economy, with … Read more
Oil prices fell on Wednesday, extending the previous day's more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session. … Read more