guna@fastura.com

The manufacturing PMI for India improved to 58.6 in August, the highest level since May, while employment growth slowed.

According to the S&P Global monthly survey, India’s manufacturing sector experienced its quickest rise in three months in August, powered by a significant increase in new orders and output. The manufacturing sector’s health improved by the second-best amount in nearly three years in August, according to the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’…

The services sector leads India’s economy to its fastest annual growth rate.

guna@fastura.com2 years ago03 mins

India’s economy is anticipated to do well in its most recent assessment due to robust growth in the services sector and an uptick in manufacturing despite high-interest rates. According to the consensus estimate in a Bloomberg survey conducted before the release of the data on Thursday, the gross domestic product increased by 7.8% over the…

The rupee rises 6 paise and closed at 82.74 against the US dollar.

guna@fastura.com2 years ago02 mins

In response to a weakening US dollar on international markets on Wednesday, the rupee gained 6 paise to settle at 82.74 (provisional). Analysts claim that while rises in crude oil prices restrained the rupee’s upward potential, FII inflows into the capital market and robust equity markets supported the local currency. In the face of overnight…

Revenue growth in the IT services sector may drop to 3% in FY24, according to ICRA

guna@fastura.com2 years ago04 mins

According to a domestic ratings business, the revenue growth of the Indian IT services sector will decrease to 3% in the current fiscal year from 9.2% in the prior fiscal year. According to ICRA Ratings, this fiscal year’s profitability would also suffer, and the operating profit margin will drop to 20–21%, a reduction of up…

Rupee fell by 8 paise as crude oil prices and the dollar strengthened on international markets.

guna@fastura.com2 years ago02 mins

Due to a recovery in the price of crude oil and the dollar on international markets, the rupee fell 8 paise to end the day at 82.71 (provisional) against the US dollar on Tuesday. According to FX dealers, foreign fund withdrawals from the equity markets also affected the outlook for the rupee. In the face…

Chemical Industry faces challenges from short-term policy and poor infrastructure

guna@fastura.com2 years ago02 mins

Chemical industry operators are shifting their focus to specialty chemicals in an effort to increase margins in light of the current slowdown in the chemical sector. According to recent industry data, the chemical industry as a whole has experienced negative growth over the last three quarters. In contrast, the specialized chemicals industry has experienced expansion…

Dollar increases for six weeks while the rupee’s short-term trend strengthens; traders focus on India’s manufacturing and GDP data.

guna@fastura.com2 years ago04 mins

In response to statements of intervention by the central bank and inflows of foreign capital, the rupee defied a four-week downturn by rising by more than half a percentage point. However, in light of rising food prices and unequal rainfall distribution that call for vigilant monitoring, the RBI’s minutes sounded hawkish. While local benchmark indices…

FDI equity inflows fell 34% to $10.94 billion in April-June 2023.

guna@fastura.com2 years ago03 mins

According to government data, foreign direct investment (FDI) into India decreased 34% to USD 10.94 billion during April to June 2023–24, with fewer inflows in computer hardware and software, telecom, auto, and pharma being the main drivers. During April to June 2022–2023, FDI inflows totaled USD 16.58 billion. The amount of inflows between January and…

The rupee is trading lower at 82.64 to the dollar ahead of Jackson Hole’s speech today.

guna@fastura.com2 years ago02 mins

Prior to Federal Reserve Chairman Jerome Powell’s address later that day in Jackson Hole, Wyoming, the rupee entered the day on August 25 slightly down against the dollar, reflecting declines in its Asian counterparts. The domestic currency was trading at 82.64 per dollar in the morning session, down 0.10 percent from its previous close of…

Suzlon Group gets order for 31.5 MW wind power project from Integrum Energy Infrastructure Pvt Limited

guna@fastura.com2 years ago03 mins

On Thursday, Suzlon Group announced that it has received a new contract for the building of a 31.5 MW wind power project for Integrum Energy Infrastructure Private Limited. Suzlon stated in a regulatory filing that it would install 15 of its S120-140m wind turbine generators (WTGs) with a Hybrid Lattice Tubular (HLT) tower with a…

The manufacturing PMI for India improved to 58.6 in August, the highest level since May, while employment growth slowed.

The services sector leads India’s economy to its fastest annual growth rate.

The rupee rises 6 paise and closed at 82.74 against the US dollar.

Revenue growth in the IT services sector may drop to 3% in FY24, according to ICRA

Rupee fell by 8 paise as crude oil prices and the dollar strengthened on international markets.

Chemical Industry faces challenges from short-term policy and poor infrastructure

Dollar increases for six weeks while the rupee’s short-term trend strengthens; traders focus on India’s manufacturing and GDP data.

FDI equity inflows fell 34% to $10.94 billion in April-June 2023.

The rupee is trading lower at 82.64 to the dollar ahead of Jackson Hole’s speech today.

Suzlon Group gets order for 31.5 MW wind power project from Integrum Energy Infrastructure Pvt Limited

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