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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...

    MARKETS Bazar Observer -
    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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    Mcap Of BSE-Listed Firms Hit New All-Time High Of Rs 455 Lakh Crore

    Sensex Hits 63k Mark For First Time; Nifty Ends At Fresh Lifetime High

    MARKETS Bazar Observer -
    Mumbai- Benchmark BSE Sensex settled above the 63,000-level for the first time on Wednesday, extending its winning momentum to seventh day amid a largely...
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    Core Sector Output Growth Slows To 20-Month Low Of 0.1% In October

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    New Delhi- The growth rate in the production of eight key sectors slowed down to a 20-month low of 0.1 per cent in October...
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    S&P Cuts India’s Growth Forecast To 7% For FY23

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    New Delhi- S&P Global Ratings on Monday cut India's economic growth forecast for current fiscal year to 7 per cent, but said the domestic...
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    Mcap Of 9 Of Top 10 Firms Climbs Rs 79,798 Cr; TCS, Infosys Biggest...

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    New Delhi- Nine of the top 10 valued firms together added Rs 79,798.3 crore in market valuation last week, with IT majors Tata Consultancy...
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    India, UAE Central Banks Discuss Rupee, Dirham Trade

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    New Delhi- The central banks of India and UAE are discussing a concept paper on promoting bilateral trade in rupee and dirham with a...
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