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    FIU Imposes Rs 5.49 Cr Fine On Paytm Payments Bank For PMLA Violations

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    New Delhi- Financial Intelligence Unit-India (FIU-IND) has imposed a Rs 5.49 crore penalty on Paytm Payments Bank for violating anti-money laundering rules, the Finance...
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    CS Fixes All Time High Target Of Realizing ₹4000 Cr Investment During Current FY

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    Also launches online NOC & Pvt Land Bank Modules on SWP JAMMU- In a review meeting of the Industries & Commerce Department chaired by the...
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    Kashmir Willow Bat Shines In Shark Tank, Srinagar’s Innovators Score Big 

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    By Syed Mohammad Burhan Srinagar- The entrepreneurial spirit of Kashmiri youth made waves on the latest episode of Shark Tank India 3 as Srinagar-based ‘Tramboo Sports’...
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    Atal Pension Yojana Design Best; Guarantees Minimum 8% Return, Says Sitharaman

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    New Delhi- In a strong rebuttal to Congress charges, Finance Minister Nirmala Sitharaman on Tuesday said Atal Pension Yojana (APY) is designed based on...
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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

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    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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    Carpet Export Picks Up Pace After Launch Of GI Tag

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    Jammu- The launch of Geographical Indication (GI) for the famed hand-knotted Kashmiri Carpets by Lieutenant Governor, Manoj Sinha, to revive the sheen and glory of...
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    India’s Service Activity Growth In April Among Fastest In 14 Years: PMI

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    New Delhi- India's services sector growth eased slightly in April but growth of new business and output remained sharp and among the fastest in...
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    Market Capital Of Seven Of Top-10 Valued Firms Tumbles Over ₹1.54 Lakh Cr

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    New Delhi-  Seven of the top-10 valued firms suffered a combined erosion of Rs 1,54,477.38 crore in market valuation last week, with IT majors...
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    J&K Exported Handicrafts Worth ₹ 729 Cr In 3 Months: LG Manoj Sinha

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    Srinagar- The Union Territory Lieutenant Governor, Manoj Sinha said on Saturday that the handicraft sector in Jammu and Kashmir has recorded an unprecedented growth...
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    ₹ 130 Crore Loss From Government-Opposition Parliament Deadlock: Report

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    New Delhi: More than ₹ 133 crore in taxpayer money has been lost because of parliament disruptions in the monsoon session as the deadlock...
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