Service sector expands at fastest rate since August
The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December.
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FDI inflow still tilted in favour of services sector: India Ratings
Foreign direct investments (FDI) are still highly skewed in terms of states and sectors.
Service sector output grows at slowest rate in six months
The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September from 57.2 in August.
Marginal growth in India’s service sector in Feb; job losses continue
The marginal growth in India's services PMI was attributed by panellists to greater bookings, better demand conditions and the retreat of the pandemic.
Budget 2022: Agri trumps Covid slowdown, services struggle
Agriculture accounts for 18.8% of the GVA, whereas the same for industry stands at 28.2% and that for services at 5.3%.
Industrial growth slips even as corporate profits soar to historic highs
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.
Economic recovery: India’s arduous ascent
The signs of a pick-up hold out hope, but regaining lost ground is the tough task ahead.
Warburg Pincus-backed CAMS files for IPO
The Chennai-based CAMS, one of the largest technology-driven financial infrastructure and services providers, has filed its draft red herring prospectus with SEBI for an IPO.
Clouds over the Street
Stock markets hit new highs after the NDA returned to power. Now, there are more questions than answers about the future of the economy and corporate earnings, which drive the indices.
UrbanClap raises $75 million from Tiger Global, others
The company, which is looking to expand operations, has raised about $110 million in total from investors such as Accel Partners, Steadview Capital, and Bessemer Venture Partners before this round.
