Monday, August 4, 2025

Creating liberating content

Top stocks to buy (AI image) Stock market recommendations: According

Mumbai: The less, the merrier – that’s the mantra in

Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset

Mumbai: Layoffs in India’s IT sector is bad news for

Related News

Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting August 4, 2025) are Suzlon, and

Mumbai: The less, the merrier – that’s the mantra in the startup and venture capital space, where there’s an increasing shift towards building smaller teams. More investors are now also

Mumbai: The country’s oldest bad loan company, IPO-bound Arcil (Asset Reconstruction Company of India) , gives an insight into the future of loan recovery for retail loans in its offer

Mumbai: Layoffs in India’s IT sector is bad news for consumption. After IT giant TCS announced cutting more than 12,000 jobs, a spectre of uncertainty looms over the sector with

NEW DELHI: Amid a clamour for succour after Trump’s tariff announcement, govt has ruled out demands for subsidy, but suggested it is open to “innovative ways” to help industry beat

New Delhi: Mahindra & Mahindra plans to manage rare earth magnet supplies through alternative sourcing channels for the next nine months and will pursue ‘engineering efforts’ to address the raw

Trending News

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

Russia-backed Nayara Energy looks at India’s state-run oil companies to offload petrol, diesel exports Nayara Energy has approached Indian state-run oil marketing companies (OMCs) to offload its export volumes of

US President Donald Trump on Saturday claimed that he had “heard” reports of India halting Russian oil imports, hailing it as a “good step”. “I understand that India is no

India’s private sector growth touches 13-month high in May, buoyed by services: HSBC

Word Count: 647 | Estimated Reading Time: 4 minutes


India's private sector growth touches 13-month high in May, buoyed by services: HSBC

India’s private sector activity picked up pace sharply in May, reaching its fastest rate of expansion in over a year, lifted by a surge in the services sector, as per the HSBC Flash PMI data released on Wednesday.The HSBC India Composite PMI Output Index climbed to 61.2 in May from 59.7 in April, the strongest growth seen since April 2024. This expansion was fueled by service providers, which saw the fastest rise in output in 14 months.The HSBC Flash India Services PMI Business Activity Index rose sharply to 61.2 in May from 58.7 in April, fuelled by solid demand, strong inflows of new business, and renewed confidence among firms.“The increase was the most pronounced since April 2024. There was a mild loss of growth momentum in the manufacturing industry but service providers reported the fastest rise in output in 14 months,” HSBC said, quoted by ANI.While the services sector surged, the manufacturing industry showed mixed signals. The manufacturing PMI output index dipped slightly to 61.4 in May from 61.9 in April. However, the overall manufacturing PMI, which considers output, new orders, employment, delivery times, and inventories, rose to 58.3 from 58.2, indicating a healthy sector despite the mild slowdown in output.May’s upturn in private sector performance marked the strongest monthly expansion since April last year as businesses across the services sector saw faster expansion in business activity and employment.Firms reported solid inflows of news businesses including both from domestic and those overseas.Confidence among businesses also rebounded for the first time since January, which firms attributed to strong demand, investments in technology, and increased production capacity.However, rising costs remained a concern. The survey indicated that both input costs and selling prices rose at the quickest rate since late 2024, reflecting a fresh build-up in inflationary pressures.Manufacturing sector reported the slowest growth of the last three months, while the services sector dominated the momentum, propelling the overall private sector to a 13-month high in activity.





Source link

Most Popular Articles

Sign In

Welcome ! Log into Your Account