Services activity slows again in October, PMI at 49.2
Although the IHS Markit Services Purchasing Managers' Index rose to 49.2 last month from 48.7 in September, it remained below the 50-mark threshold that separates contraction from expansion. “The degree of optimism observed in October was among the weakest seen in the near 14-year survey history,” IHS Markit said in the report.
PM Modi's Trumpian trade exit may be a tactical retreat for India
Like Trump, Modi govt is now selling refusal to join RCEP as a victory for ...
Utility vehicles may race ahead of hatchbacks next year
Utility vehicles accounted for 40% of the total passenger-vehicle segment in Sept, dr...
Toyota pips Tata Motors to become 4th biggest carmaker
The maker of premium utility vehicles such as Innova and Fortuner recorded a market share of 4.86% in the first half of FY20, posting an increase of 23 basis points, compared with a 4.63% market share in the same period last fiscal.
Sensex plunges 434 pts; RBI growth forecast cut and other factors that weighed on D-Street
RBI slashed FY20 GDP growth forecast sharply to 6.1 per cent from 6.9 per cent.
Manufacturing activity stagnant in September, PMI same as August at 51.4
The Nikkei Manufacturing Purchasing Managers' Index , compiled by IHS Markit, was 51.4 in September, unchanged from August.
Tesla turns super-efficient, plans to create cars that run on lithium-ion batteries
These vehicles with lithium-ion batteries can achieve over 16 lakh miles.
Corporate tax cut to improve India's competitiveness in Asia: IHS
The decision to implement the sweeping corporate tax reform measures reflects the slowdown in economic growth momentum, it said.
German industrial recession drags economy deeper into slump
Factory activity is shrinking at the fastest pace in a decade and growth in services is softening.
Indian IT firms pay better than local companies in US
Report says average wage paid by Indian cos 2% higher than median wage of $94,800.
Oil prices surge as attack on Saudi facility disrupts output
US crude oil jumped $5.61 per barrel, or 10.2%, to $60.46 per barrel in electronic trading on the NYSE.
Service activity slows in August, PMI declines to 52.4 on weak jobs creation
The fall in services growth, alongside manufacturing growth at a 15-month low, pushed a composite index down to 52.6 in August from 53.9.
August PMI manufacturing activity slows to 15-month low
The survey comes after official figures showed India's economy grew at an annual rate of 5.0% last quarter.
Market Movers: What changed for D-Street while you were sleeping
Here is breaking down the pre-market actions.
India to pull down global light vehicle sales for 2019
If the Indian market slides into double digit decline, then the country may slip behind Germany to the fifth position in passenger vehicle sales in 2019.
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