Search For "services sector"
India's composite PMI growth slows in September, marking slowest growth in
Updated : 1 year, 5 months ago IST
India's combined output in the manufacturing and services sectors experienced a decline in September, with the HSBC Flash India Composite PMI Output Index falling to 59.3, down from 60.7 in August, according to the survey released on Monday.
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India's services sector sees strongest growth of five months in August, ri
Updated : 1 year, 6 months ago IST
Pranjul Bhandari, Chief India Economist at HSBC, commented on the findings, stating, "The Composite PMI for India continued to show strong growth in August, driven by accelerated business activity in the service sector, which experienced its fastest expansion since March.
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TerraPay Strengthens Leadership Team with Appointment of Ralph Koker as Gl
Updated : 1 year, 6 months ago IST
London [UK], September 3: TerraPay, a leading global money movement company, proudly announces the appointment of Ralph Koker as the Global Head of Products. Ralph joins TerraPay with over two decades of experience and expertise in product strategy and development within the financial servic
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Anand Rathi anticipates Q1 FY25 GDP growth at 7 pc, a little lower than RB
Updated : 1 year, 6 months ago IST
The services sector is expected to be the primary driver of GDP growth in Q1 FY25. Despite reduced government spending ahead of the elections, which is likely to dampen growth in some service sectors, financial, real estate, and professional services are expected to have performed well.
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India's Manufacturing and services sector's performance reflected in Purch
Updated : 1 year, 6 months ago IST
The Purchasing Managers' Index (PMI) for Manufacturing, stood at 58.1 in July 2024. This figure is not only significantly above the long-term average but also among the highest recorded in recent years. The sector's expansion has been primarily driven by strong demand and a surge in producti
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Merchandise exports to hit USD 111.7 bn, non-oil exports at USD 89.8 bn in
Updated : 1 year, 7 months ago IST
Quarterly report of Exim Bank suggests that the country's economy continues to demonstrate strong activity, driven by sustained momentum in both the manufacturing and services sectors. Additionally, expected global monetary easing and improving demand prospects from trading partners are like
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India's services sector experiences robust business growth in July: PMI
Updated : 1 year, 7 months ago IST
The services sector in India experienced a further upturn in terms of business activity during July, according to HSBC India Services PMI data released on Monday.
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Shriram Finance Offers Fixed Deposit Plans Tailored for Senior Citizens
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], July 13: Shriram Finance, a leading name in the financial services sector, is now offering fixed deposit plans designed to meet the financial needs of senior citizens. This initiative comes at a pivotal time when the financial security of the elderly is becoming
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360 ONE appoints Raghav Iyengar as CEO designate of asset business
Updated : 1 year, 8 months ago IST
Mumbai (Maharashtra) [India], July 11: 360 ONE has announced the appointment of Raghav Iyengar as CEO designate of its asset management business (360 ONE Asset), subject to necessary approvals. Raghav comes with a rich experience of over three decades in the financial services sector. Prior
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SBI Caps report highlights optimistic outlook for the Indian economy, desp
Updated : 1 year, 8 months ago IST
State Bank of India (SBICAPS) report titled "Indian Economy: Maintaining Momentum on a Deteriorating Global Pitch" observed a positive demand momentum in major sectors of the economy.
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India's PMI surges in June, steel and services sectors drive economic grow
Updated : 1 year, 8 months ago IST
Concurrently, the Eight Core Industries Index expanded by 6.5 per cent year-on-year in the first two months of FY25, buoyed primarily by increased activity in essential sectors such as coal, natural gas, and electricity.
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Expansion in new businesses and exports fuel India's service sector growth
Updated : 1 year, 8 months ago IST
India reported sustained growth in services sector output in June, with the rate of expansion quickening from May's five-month low amid a stronger rise in new orders, according to HSBC India Services PMI survey released on Wednesday.
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