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    Fearing West’s Wrath, Russia’s Rich Look To Stash Wealth In Dubai

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    DUBAI- Rich Russians are trying to shift some of their wealth from Europe to Dubai to shield assets from a tightening wave of Western...
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    Petrol, Diesel Price Increase On Wait-And-Watch Mode; CNG Rates Hiked

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    NEW DELHI- CNG price in the national capital and adjoining cities on Tuesday was hiked by Rs 0.50 per kg, while an imminent increase...
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    J&K Among Top States, UTs In Farm Income: LG

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    Announces Handholding Of 500 Enterprising Farmers To Harness Potential Of Organic Produce Jammu- The Jammu and Kashmir Lieutenant Governor, Manoj Sinha said on Monday that...
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    J&K Takes Giant Leap In Ease of Doing Business

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    Integrates Single Clearance Window Portal With NSWS Jammu- After a dismal performance for over seven decades in the industrialization sector, Jammu and Kashmir has entered into...
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    How Cakemaker’s Digital Diligence Is Driving New-Age Kashmir Enterprise

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    Challenging the monopoly of some established and traditional bakery houses in Kashmir, the new-age social media driven bakers are now emerging as the new...
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    Income Tax Refunds Of Over Rs 1.83 Lakh Crore Issued So Far This Fiscal

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    NEW DELHI- The income tax department on Wednesday said it has issued refunds worth over Rs 1.83 lakh crore to more than 2.09 crore...
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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 Activities Expand In Feb As Output, New Orders Rise Amid Favourable Demand:...

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    New Delhi- India's manufacturing sector activities expanded in February as output and new orders grew at accelerated rates, supported by favourable demand conditions, a...
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    Oil Market Hits 2014 Peak On Ukraine Crisis

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    Paris- World oil prices jumped Tuesday with WTI crude hitting a fresh 2014 peak, as traders fretted over fallout from key producer Russia's invasion...
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    GST Collection Up 18% At Over Rs 1.33 Lakh Cr In Feb; Omicron Impact...

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    New Delhi- GST collections in February grew 18 per cent to over Rs 1.33 lakh crore in February even as the Omicron wave dented...
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    Commercial LPG Prices Hiked By Rs 105

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    New Delhi- Price of commercial LPG, used by hotels and other commercial establishments, was on Tuesday hiked by Rs 105 to its second-highest level...
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