India’s Manufacturing Sector Growth Hits 5-Month High in February on Robust Demand

India’s Manufacturing Sector Growth Hits 5-Month High in February on Robust Demand

India’s manufacturing sector growth climbed to a five-month high in February amid a sharper uptick in factory production and sales, supported by both domestic and external demand, a monthly survey said on Friday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) rose from 56.5 in January to 56.9 in February, pointing to the …

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India’s core infra sectors post slowest growth in 14 months

India’s core infra sectors post slowest growth in 14 months

NEW DELHI :The output of eight core infrastructure sectors, which accounts for two-fifths of India’s industrial output, expanded by 3.8% in December—the slowest monthly pace in 14 months. Core sector output grew at a revised 8.3% in December 2022. The latest core sector data show that coal supported the core industries’ output with a double-digit …

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Asia factory activity weakens, uncertainty on China clouds outlook

Asia factory activity weakens, uncertainty on China clouds outlook

An employee works on a production line manufacturing steel structures at a factory in Huzhou, Zhejiang province, China May 17, 2020. Picture taken May 17, 2020. China Daily via REUTERS/File Photo Acquire Licensing Rights China’s private PMI unexpectedly expands in November Manufacturing activity slumps in Japan, steadies in S. Korea Soft global demand clouds outlook …

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Oil prices rise as OPEC+ meets to discuss supply cuts

Oil prices rise as OPEC+ meets to discuss supply cuts

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. China Daily via REUTERS/File Photo Acquire Licensing Rights LONDON, Nov 30 (Reuters) – Oil prices rose by more than 1% on Thursday in anticipation of the outcome of an OPEC+ meeting with …

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China’s consumer prices back in decline as recovery wobbles

China’s consumer prices back in decline as recovery wobbles

Customers select tomatoes at a stall inside a morning market in Beijing, China August 9, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing Rights Oct CPI -0.2% y/y vs 0.0% in Sep Oct CPI -0.1% m/m vs +0.2% in Sep Oct PPI -2.6% y/y vs -2.5% in Sep BEIJING, Nov 9 (Reuters) – China’s consumer prices swung …

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As India’s manufacturing activities remain strong, small cap stock announces rights issue of 49 cr shares

As India’s manufacturing activities remain strong, small cap stock announces rights issue of 49 cr shares

Image Source : FILE PHOTO Production underway in a steel factory India’s manufacturing sector is poised for further improvement, driven by increasing infrastructure capex and government schemes for MSMEs to stimulate economic activities. The manufacturing PMI for July declined to 57.7, but remained above the expansion threshold of 50, according to a PTI report. GG …

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Hiring for white collar jobs in India falls 19% in July: Report

Hiring for white collar jobs in India falls 19% in July: Report

Image Source : REPRESENTATIVE Hiring for white collar jobs in India falls 19% in July: Report The hiring for white-collar jobs in India experienced a 19% decline in July compared to the same period last year. Various sectors, including FMCG, retail, insurance, and education, displayed cautious recruitment sentiments, as revealed by a recent report. According …

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