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    Wholesale Inflation Inches Up Marginally To 0.53% In March

    HOT NEWS Bazar Observer -
    New Delhi- Wholesale inflation in the country rose marginally to 0.53 per cent in March compared to 0.20 per cent in the preceding month...
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    FinMin For Enhanced KYC, Due Diligence For Merchants & Banking Correspondents To Check Fraud

    HOT NEWS Bazar Observer -
    New Delhi- In a bid to check the incidence of BoB World app scams and other such financial frauds, the finance ministry makes a...
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    Domestic Air Passenger Traffic Touches Record High On Nov 19

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

    HOT NEWS Bazar Observer -
    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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    GST Revenues Hit Record Rs 2.10 Lakh Cr In April On Strong Eco Momentum,...

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    New Delhi- Goods and Services Tax collections grew 12.4 per cent to a record high of Rs 2.10 lakh crore in April, aided by...
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    ‘Markets May Extend Rally This Month On Strong Domestic Eco, Current Govt’s Potential Re-Election’

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    Mumbai- Stock markets may continue their winning run in May after registering gains in the past three months as investors' sentiment are upbeat amid...
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    DGCA Deregisters Bankrupt Go First’s 54 Planes

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    New Delhi- Aviation watchdog DGCA has deregistered all the 54 planes leased by Go First, days after a court allowed lessors to take back...
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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 April Manufacturing PMI Sees 2nd-Best Improvement In Operating Conditions In Three-And-A-Half Years

    HOT NEWS Bazar Observer -
    New Delhi- India's manufacturing sector activity moderated in April, but still recorded the second fastest improvement in operating conditions in three-and-a-half years supported by...
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