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    RBI Projects Inflation To Fall Below 6% By Mar 2023; To Keep ‘Arjuna’s Eye’...

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    New Delhi- The Reserve Bank on Wednesday projected inflation to come down below the upper threshold level of 6 per cent by March quarter...
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    Airtel Phases Out International Roaming Packs

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    New Delhi- Eyeing overseas travellers, Bharti Airtel has phased out its international mobile roaming schemes and introduced a new plan, World Pass, covering 184...
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    Global Airline Industry Set To Post $6.9 Billion Loss In 2022: IATA

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    Geneva- The global airline industry is projected to report a lower loss at USD 6.9 billion in 2022, mainly due to stronger passenger yields and cost control...
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    Market Value Top 10 Most Valuable Firms Climb By Rs 1.15 Lakh Crore; Reliance...

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    Mumbai- Eight of the top-10 most valued firms together added Rs 1,15,837 crore in market valuation last week, with Reliance Industries emerging as the...
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    Russia Rejects USD 60-A-Barrel Cap On Its Oil, Warns Of Cutoffs

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    Kyiv- Russian authorities rejected a price cap on the country's oil set by Ukraine's Western supporters and threatened on Saturday to stop supplying the...
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    Oil Min To Seek Compensation For Petrol, Diesel Losses

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    New Delhi- Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) posted a combined net loss of Rs...
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    Mcap Of BSE-Listed Firms Hit New All-Time High Of Rs 455 Lakh Crore

    Mcap Of BSE-Listed Firms At Lifetime Peak Of Rs 289.88 Lakh Cr; Investors Wealth...

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    New Delhi- The market capitalisation of BSE-listed companies reached a fresh all-time high of Rs 289.88 lakh crore on Thursday following an ongoing rally...
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    Petrol, Diesel Sales See Double-Digit Growth In Nov

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    New Delhi- Petrol and diesel sales in India saw a double-digit year-on-year growth in November as increased demand from the agriculture sector helped build...
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    ATF Price Slashed By 2.3% To Rs 1.17 Lakh Per Kilolitre

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    New Delhi- Jet fuel (ATF) price was on Thursday reduced by 2.3 per cent, reflecting softening international oil prices but petrol and diesel rates...
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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 Mfg PMI Hits 3-Month High In Nov Amid Expansion In Production, Slowdown In...

    MARKETS Bazar Observer -
    New Delhi- Manufacturing activities in India touched a three-month high in November as new orders and exports expanded boosted by demand resilience and substantial...
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