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    More Planes, Flights, Airports To Brighten Indian Aviation In 2025; Supply Chain Shadows Remain

    Domestic Air Traffic Touches New Single-Day High; Crosses 4.71 Lakh Passengers

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    New Delhi- Domestic air traffic touched a new single-day high of 4,71,751 passengers on Sunday, according to official data.The traffic on Sunday was more...
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    India Can Become 3rd Largest Economy By Skilling Youth: PM

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    Ahmedabad- Prime Minister Narendra Modi on Monday said skilling the youth holds the key to India becoming the third-largest economy in the world from...
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    J&K Bank Makes Account Opening Facility Online

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    We have taken an important step in our digital journey: MD &CEO Srinagar- Adding yet another prominent product to enrich its digital portfolio, J&K Bank...
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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 Falls To 18-Month Low In Dec On Softer Rise In...

    HOT NEWS Bazar Observer -
    New Delhi- 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...
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    Around 1.62 Crore Tourists Visited J&K This Year: Govt

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    SRINAGAR- After three decades, Kashmir is attracting lakhs of tourists which Tourism players say is the return of golden era of Kashmir tourism, as...
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    Govt May Relax 45-Day Payment Rule For MSMEs In Budget

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    New Delhi- The government may relax the requirement of making payments to MSMEs within 45 days of buying goods and services to check large...
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    Adani Indictment: Share Investors Lose Rs 2.45 Lakh Cr In A Day

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    New Delhi- Adani group stocks faced heavy drubbing during the morning trade on Thursday, with the combined market valuation of all the listed firms...
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    Wholesale Inflation Eases To 2.05% In March On Cheaper Food Items

    Retail Inflation In Nov Eases To 5.48% As Food Prices Moderate, Creates Headroom For...

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    New Delhi- Retail inflation declined in November to 5.48 per cent and came within the Reserve Bank's comfort zone mainly due to easing food...
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    Pak, IMF Reach Agreement To Complete Review Of Aid Package To Restore USD 6...

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    Islamabad- Pakistan and the IMF have reached a staff-level agreement to complete the sixth review of an assistance package needed to restore the stalled...
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    Airtel Announces 20-25% Tariffs Hikes For Prepaid Offerings

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    New Delhi- Telecom operator Bharti Airtel on Monday announced 20-25 per cent tariff hikes for various prepaid offerings, including tariffed voice plans, unlimited voice...
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