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    Enhancing Sheep Sector: J&K Advances Strategic Partnership With New Zealand

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    Srinagar- In a major advancement in the agricultural sector, Jammu & Kashmir has broadened its existing Memorandum of Cooperation (MoC) with New Zealand into...
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    Domestic Passenger Vehicle Wholesales Dip 1% To 3,56,752 Units In Sep: SIAM

    Passenger Vehicle Retail Sales Dip 1% In May As Excessive Heat, Elections Impact Demand:...

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    New Delhi- Domestic passenger vehicle retail sales declined 1 per cent year-on-year in May, as blistering summer heat and elections impacted demand, automobile dealers'...
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    RBI Raises GDP Growth Projection To 7.2% For FY25

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    Mumbai, Jun 7 (PTI) The Reserve Bank of India on Friday revised upwards the GDP growth projection for the current fiscal to 7.2 per...
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    Sensex Soars By 1618 Pts, Nifty Jumps 468 Pts To Scale Life-Time Highs As...

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    Mumbai, Jun 7 (PTI) Benchmark equity indices Sensex and Nifty climbed over 2 per cent to settle at record high levels on Friday after...
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    RBI Hikes Threshold For Bulk Deposit To Rs 3 Crore From Rs 2 Crore...

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    Mumbai- The Reserve Bank on India on Friday hiked the threshold for bulk fixed deposits to Rs 3 crore from existing Rs 2 crore...
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    Sensex, Nifty Log Biggest Single-Day Gain In 3 Yrs As Exit Polls Predict 3rd...

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    Mumbai- After the exit polls predicted the return of the Modi government for the third straight term, benchmark Sensex and Nifty zoomed more than...
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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 Growth Eases In May; Upturn In Exports Strongest In Over 13...

    HOT NEWS Bazar Observer -
    New Delhi- India's manufacturing sector saw a slower growth rate for the second straight month in May but stayed firmly in expansion mode with...
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    Chief Secretary Chairs 13th UT-Level Bankers’ Committee Meeting

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    Banks operating in J&K need to deepen their presence further in the rural spaces and sharpen their focus on lending to critical sectors...
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    India’s GDP Expands 7.8% In Q4, 8.2% In FY24

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    New Delhi- India's economy growth slowed to a four-quarter low of 7.8 per cent in the January-March period, but pushed the annual growth rate...
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    North-East States, J&K Lead In Aadhar-Enabled Transactions: Report

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    New Delhi- North-eastern states and Jammu & Kashmir are increasingly adopting Aadhar-enabled financial services, according to a report. Meghalaya topped the list with a 1000 per...
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