India’s services sector activity, as measured by the Purchasing Managers’ Index (PMI), reached a 13-year high of 62 in April, according to data released by the S&P Global on Wednesday, despite rising cost pressures for the beginning month of fiscal 2023-24. The seasonally adjusted Services PMI was up from 57.8 in March, supported by healthy inflows of new businesses and favourable market conditions. The latest April value signalled the fastest pace of expansion in output since June 2010. A PMI reading above 50 indicates an expansion in services activity.
Asia
Lankan President rules out early poll
Colombo (TIP): Sri Lankan President RanilWickremesinghe on November 23 rejected the opposition’s demand for early parliamentary elections and vowed to use the military to crush any future anti-government protests aimed at regime change. Wickremesinghe, 73, […]
India
Jaya death: Inquiry panel to submit report in three months
CHENNAI (TIP): An inquiry commission, set up by the Tamil Nadu government to probe former chief minister J Jayalalithaa’s death, will look into the circumstances leading to her hospitalisation last year and subsequent treatment, the government has said. The […]
Asia
World Bank ready to provide emergency support to Sri Lanka: Report
Colombo/Washington (TIP): The World Bank is ready to provide emergency support to Sri Lanka and protect the vulnerable people amidst the unprecedented economic crisis in the country, a media report on Wednesday quoted a senior […]
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