The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) was at 54.9 in February, up from 54.0 in January, signalling a stronger improvement in the sector's health. The February PMI data pointed to an improvement in overall operating conditions for the eighth straight month. In PMI parlance, a print above 50 means expansion, while a score below 50 denotes contraction.
JD-U chief whip Shravan Kumar said those defying the whip "will lose their membership" even as he maintained that it was a "routine exercise that takes place ahead of every assembly session".
The governor of a state has to act on the recommendation of the council of ministers, the Supreme Court said on Friday while dismissing an appeal challenging the decision of the Madras high court refusing to consider a petition against the continuance of V Senthil Balaji as a minister in the Tamil Nadu government despite his arrest.
The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime.
The yatra, which is scheduled to begin on January 14, will cover 6,713 kilometres and the participants will travel on buses and foot.
'Historically, the markets tend to perform well during election years as governments aim to increase spending and call attention to growth.'
'As of now, there's no update from the Railways. The scheduled time (of departure) here is 4am but we doubt the train will start from Chennai tonight'
'In the short term the relationship will get worse.'
The message is clear: The 60-year-old wise uncles need to handhold the 40-year-old entrepreneurs when, obsessed with ambition and greed for growth, they become a victim of hubris, points out Tamal Bandyopadhyay.
Manufacturing activities in India touched a three-month high in November as new orders and exports expanded boosted by demand resilience and substantial easing of cost pressure, according to a monthly survey released on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) stood at 55.7 in November, up from 55.3 in October, signalling the strongest improvement in operating conditions in three months. The November PMI data pointed to an improvement in overall operating conditions for the 17th straight month.
The net inflows into active equity mutual fund (MF) schemes registered more than a twofold month-on-month rise in August, crossing Rs 20,000 crore, the highest in five months. This rise in net inflows was boosted by an 18 per cent growth in gross investments, driven by a record Rs 15,800 crore inflow through the systematic investment plan (SIP) route and Rs 5,000 crore collected by seven new fund offers (NFOs) in the active equity space, reveals data released by the Association of Mutual Funds in India (Amfi). Moreover, redemptions moderated in August, declining by 19 per cent to Rs 24,580 crore, after staying elevated in the previous three months owing to profit booking.
As we celebrate women achievers who are excelling in their careers, here are incredible tales of hard work and perseverance to inspire you this week.
For the country's maiden offshore mineral mining auction, the Centre is planning to relax the rules on the number of chances for bidding. Under the newly announced draft Offshore Areas Mineral (Auction) Rules and Offshore Areas (Existence of Mineral Resources) Rules, the ministry of mines is planning to offer three chances to potential bidders in its forthcoming inaugural offshore mining auction. If a single bid is not received during the second attempt, the plan is to initiate a new round of bidding for the third time.
'If a poor voter sees Modi's picture on ration bags, it is natural he will vote for Modi and the BJP.'
In a relief to FMCG major Dabur, two of its foreign subsidiaries, Dabur International and Dermoviva Skin Essentials, have been removed as a defendant in multiple lawsuits filed in a US court over allegations that their hair-relaxer products caused ovarian cancer, uterine cancer and other related health issues. However, lawsuits filed against its third international subsidiary Namaste Laboratories LLC, would continue before the US District Court for the Northern District of Illinois, according to a statement from Dabur on Wednesday. Dabur International and Dermoviva were removed and got relief in the multiple suits due to lack of jurisdiction as they have not either manufactured, marketed, distributed or sold hair relaxer products in the US, it added.
'If such a practice were feasible, every state would seek additional funds, posing a significant risk to the overall health of the economy.'
'It's dull because this time the election is spread over such a long period.'
India is headed for general elections early next year, and the DIA is expected to be legislated only after the 2024 polls and the formation of the government.
The Varanasi district court arrived at the decision of allowing 'puja' in a Gyanvapi mosque cellar in "haste", the All India Muslim Personal Law Board (AIMPLB) said on Friday, asserting it would pursue the matter right up to the Supreme Court.
In the run-up to Apple CEO Tim Cook's visit to India, government officials are finalising the talk points with the Cupertino-headquartered tech major. Officials said that the government would like Apple to "deepen" the company's engagement in the manufacturing and assembly of iPhones in the country and not limit itself only to the minimum commitments made under the production-linked incentive (PLI) scheme for mobile devices. The conversations between the two sides are likely to focus on that.
'If people don't see you, they might be hesitant, but once they see you, they are confident that this is the person they will vote for,' says political debutant Shambhavi Choudhury, 25, alumnus of the Lady Sriram College and the Delhi School of Economics.
Ravi Mittal, CEO, Quack Quack, explains how casual dating will pave the way for manifest dating and more serious relationships in 2024.
Eleven companies have launched their initial public offerings (IPOs) in December 2023, making this month the second-best December for public offerings since 1996. Collectively, they are raising Rs 8,182.7 crore this month. In December 2021, 11 companies raised Rs 9,534 crore. However, excluding December 2021, this month marks the best December for IPOs since 1996.
'Adani can attract vessels at a much lower cost to Vizhinjam as he has the financial muscle to do so.'
New Zealand have nothing to lose. It is India who will be under pressure in Sunday's knock-out crossover match against the Black Sticks in the men's Hockey World Cup, says Graham Reid, the home side's head coach.
'This bitterness will be more in Jammu area than in Kashmir.'
'In the BJP I realised they are a different people with different mindset. They had a different ideology which was more rigid, and somewhere I was not comfortable.'
In 2024 so far, 20 startups have already visited the campus with 80 placements.
The Reserve Bank on Wednesday allowed inbound travellers from G20 nations arriving at select airports to use the popular UPI for making payments in the country. Later, the RBI also proposes to extend the Unified Payments Interface (UPI) facility to travellers from all countries. UPI is a system that powers multiple bank accounts into a single mobile application, merging several banking features, seamless fund routing & merchant payments into one hood.
Now that the economy is growing at a higher-than-expected rate, it is time to accelerate the pace of fiscal consolidation, and the Budget could be a good starting point, argues Rajesh Kumar.
'They are happy for the Hindu community as Ram Lalla is consecrated in Ayodhya.'
The Supreme Court on Friday deferred the hearing for January 4 2024, of the habeas corpus petition filed on behalf of Nikhil Gupta, accused by the United States of conspiring to assassinate Gurpatwant Singh Pannun, a India designated terrorist, against his arrest and ongoing extradition proceedings in the Czech Republic.
On speculations of Priyanka Gandhi contesting in the 2024 election, Rai said that Priyanka Gandhi will contest from wherever she wants to.
Draft Red Herring Prospectus (DRHP) filing continued to be robust in October, signifying the optimism in the initial public offer (IPO) market despite the recent turbulence in equities. In October, 17 companies filed their offer documents for IPOs. The rush in filings has made August-October 2023 the best three-month period for DRHP filings since July-September 2021.
2023 has been the year of redemption for Virat Kohli, the stalwart Indian batter.
'The allegations of government involvement in targeted assassinations abroad are likely to help, not hurt, the ruling party.' 'True or false, they convey a sense of muscularity and, in some quarters, are celebrated as a harbinger of 'great power' status.'
Average housing prices have increased in the range of 13-33 per cent in the last three years across seven major cities on high demand, according to real estate consultant Anarock. Hyderabad's Gachibowli recorded the highest 33 per cent increase in average residential prices in the past three years. In Gachibowli, the average residential prices as of October 2023-end stood at Rs 6,355 per square feet as against Rs 4,790 per square feet in October 2020.
Market participants attribute the stability to the Reserve Bank of India's timely intervention in the foreign exchange market, both in terms of selling and buying dollars.
Cruelty by the husband (or his relatives) accounted for about 40 per cent of these cases. Delhi reported the highest number of cases of crimes against women (12,552) followed by Mumbai with over 5,000 cases.
Virat Kohli moves up in record books following 48th ODI ton against Bangladesh
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