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    Apple Hits Setback In Dispute With European Union Over Tax Case

    MARKETS Bazar Observer -
    London- Apple might end up on the hook after all for billions of Euros in back taxes to Ireland in the latest twist in...
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    Finance Ministry Focuses On Bringing All Business Establishments Under GST Net

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    Vapi (Guj)- Finance minister Nirmala Sitharaman on Tuesday said that the finance ministry's focus is not only on increasing GST revenue but also on...
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    Services Sector Activity In India Hits 7-Month Low In Oct On Softer Increase In...

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    New Delhi- The services sector growth in India fell to a seven-month low in October on softer increase in output and new business, amid...
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    GST Collections Rise 13% To Rs 1.72 Lakh Cr In Oct; Second Highest-Ever

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    New Delhi- GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy,...
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    More Than 97% Of Rs 2,000 Notes Returned: RBI

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    Mumbai- The Reserve Bank on Wednesdays said more than 97 per cent of the Rs 2,000 banknotes in circulation have been returned to the...
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    New Delhi, Jan 3 (PTI) India's manufacturing sector growth fell to an 18-month low in December amid softer increase in factory orders and output, despite minimal inflation, a monthly survey said on Wednesday. The HSBC India Manufacturing PMI survey, conducted by S&P Global, showed that there were softer, albeit sharp, increase in factory orders and output, while business confidence towards the year-ahead outlook strengthened. The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) fell from 56 in November to an 18-month low of 54.9 in December. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction. The HSBC India Manufacturing PMI is compiled by S&P Global from responses to questionnaires sent to purchasing managers in a panel of around 400 manufacturers. "India's manufacturing sector continued to expand in December, although at a softer pace, following an uptick in the previous month. Growth of both output and new orders softened, but on the other hand, the future output index rose since November," said Pranjul Bhandari, Chief India Economist at HSBC. Despite a loss of growth momentum, the sector still expanded strongly in December. New business gains, favourable market conditions, fairs and expositions collectively induced another sharp increase in manufacturing production during December, according to panellists. The December data showed a 21st consecutive increase in international order receipts at goods producers in India. "Companies noted gains from clients in Asia, Europe, the Middle East and North America. New export sales expanded at a moderate pace that was the joint-slowest in eight months," the survey noted. On the prices front, input costs rose at the second-slowest rate in nearly three-and-a-half years and charge inflation softened to a nine-month low. Among the items reported to have been up in price were chemicals, paper and textiles. Little-changed from November, however, the rate of inflation was negligible by historical standards and was the second-weakest in just under three-and-a-half years, as per the survey. "Rates of increase in input and output prices were broadly unchanged," Bhandari added. HSBC India PMI data showed a general lack of pressure on the capacity of manufacturers at the end of the third fiscal quarter. Subsequently, employment was largely stable in December. When assessing the year-ahead outlook for production, Indian manufacturers were at their most upbeat for three months. Anecdotal evidence highlighted advertising, better customer relations and new enquiries as the main factors boosting business confidence in December, the survey said.

    India’s Manufacturing Sector Activity Falls To 8-Month Low In Oct On Softer Rise In...

    MARKETS Bazar Observer -
    New Delhi- Manufacturing activities in India decelerated in October as new orders increased at the slowest pace in a year, triggering a softer rise...
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    Govt Allows Direct Overseas Listing Of Indian Cos; Notifies Relevant Section Under Companies Law

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    New Delhi- In a significant move, the government has permitted Indian companies to list on foreign exchanges, subject to certain conditions. The corporate affairs ministry...
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    Commercial LPG Cylinder Prices Hiked By Rs 101.5

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    New Delhi- Jet fuel or ATF price on Wednesday was cut by almost 6 per cent after four rounds of monthly increases since July,...
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    Growth Momentum Strong, Q2 GDP Growth Will Surprise On The Upside: RBI Governor

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    Mumbai- Reserve Bank of India Governor Shaktikanta Das on Tuesday said the growth momentum continues to be strong, and the official data for GDP...
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    Average Airfares Around Diwali Drop 20-25% On Many Routes

    DGCA Allows Scheduled Commuter Airlines To Operate Single-Engine Aircraft At Night

    MARKETS Bazar Observer -
    New Delhi- Aviation safety regulator DGCA has allowed scheduled commuter airlines to operate their single engine aircraft at night, a move that will help...
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