The survey also showed that both input and output prices rose at a slower pace during the month.
Recent reform measures announced by the government expected to boost the sector.
However, some experts also feel that there is a case for front-loading of interest rate cut to give a push to the economy
This is the third instance when outsourcing of key oversight jobs by global banks to India has come under the regulatory scanner abroad for ineffective controls against suspicious financial transactions.
A slew of Indian firms, including Flipkart, Byju's and Zomato, is building a path to profitability and diversifying into newer business segments ahead of mega-IPO plans.
A formal sector worker can contribute towards pension scheme till the age of 58.
India on Monday got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group.
Interview with first woman president of the Ficci country head of HSBC India.
She is also a recipient of the country's prestigious civilian award Padma Shri for her contribution to trade and industry.
The services sector suffering due to slowing orders, says HSBC.
The rupee was largely rangebound for most of the trading day in the absence of any major cues ahead of the Reserve Bank of India's rate-setting meeting next week.
The pace of activity in China's vast manufacturing sector quickened for the first time in 13 months in November, a survey of private factory managers found, adding to evidence that the economy is reviving after seven quarters of slowing growth.
Weak PMI gives rise to fears of sub-8 per cent economic growth for the third quarter in a row.
Anglo-Dutch FMCG giant Unilever Plc's $ 5.4 billion open offer to increase stake in its Indian arm Hindustan Unilever Limited (HUL) to up to 75 per cent commenced on Friday.
PMI contracts as power outages hit productivity, demand for exports slips.
Special Investigation Team on black money will hold a meeting.
A shocking revelation that banking giants HSBC and Standard Chartered are suspected to have laundered money for drug cartels has prompted an in-depth inquiry by Indian investigation agencies.
HSBC PMI falls to 50.7, slow domestic demand offsets pick up from abroad.
Scores of activists of Arvind Kejriwal's India Against Corruption were on Saturday briefly detained by the police while staging a protest outside the family home of the Ambani brothers in Mumbai to demand a probe into alleged parking of black money by them in a Swiss bank.
The brothers say that the accounts were opened when they were NRIs and were legally allowed to do so.
Reliance has no illegal Swiss Bank accounts.
Activist-turned-politician Arvind Kejriwal on Friday took on the issue of hawala money stashed in Swiss bank accounts.
The new orders sub-index, which includes domestic demand as well as orders from abroad, rose to 53.2 in May
Indians want to have a little more clarity and certainty before they invest, says Naina Lal Kidwai, Executive Director, HSBC Limited and Country Head, HSBC India.
RBI has held its short-term lending (repo) rates unchanged at eight per cent since April 2012.
A million games to choose from here are a few which should certainly not be missed, chosen over others for brilliant interface, graphics and addiction of gamelplay.
Useful tips to protect users of credit and debit cards from being target of frauds.
There's need to address growth, but weak rupee putting pressure on prices.
The government on Tuesday said it cannot disclose the identity of persons involved in black money cases before initiating prosecution proceedings.
Before joining IndusInd Bank, he was the regional head of RBS' corporate solutions business in Asia Pacific region and was based in Singapore.
According to the latest data released by the Reserve Bank of India (RBI), the number of credit cards in the country increased by 128,000 in May. HDFC Bank added the most number of cards in May (69,974). State Bank of India (SBI) was next with 34,183 cards. SBI sells credit cards through SBI Cards, its joint venture with GE Capital. However, ICICI Bank and HSBC have reduced their credit card portfolios by 11,029 and 11,024, respectively.
The Reserve Bank may cut key interest rates as early as this week.
World number one Novak Djokovic eased past Greek Stefanos Tsitsipas 6-3, 6-4 to lift his fifth Dubai Tennis Championships title on Saturday, extending his unbeaten start to the 2020 season. Djokovic has now won 21 straight matches, including 18 this season, having already lifted the inaugural ATP Cup with Serbia and a record-extending eighth Australian Open title last month.
While markets are watching the rupee touch record lows, Paul Mackel, Head of Asia Currency Research-Global Research at HSBC, says the currency is not yet in a free fall.
The widely tracked HSBC Purchasing Managers' Index (PMI) rose to 54.2 points in December, the fastest in a month since April 2009.
Get Ahead reader Arun Iyer lists out three quick facts smartphone buyers must know before choosing the mobile they desire.
HSBC and Tata group were among the top companies who hired the first batch of IIM-Rohtak graduates.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances