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.
Business & Economics
Adani Enterprises back in black, records Rs 820-crore profit in Q3
New Delhi (TIP)- Adani Enterprises’ (AEL) good third quarter numbers led to a rebound in its stocks after three days of selloff but seven of the Group’s listed companies were trading in the red with […]
Business & Economics
Inflows into MFs fall in Aug; SIPs, retail folios at peak
Mumbai (TIP): Even as the stock markets hit record highs, the mutual fund (MF) sector reported a decline in inflows into equity and debt schemes while balanced advantage funds mobilised a higher amount through new […]
United States
India Celebrates 74th Republic Day in Guatemala
GUATEMALA CITY (TIP): Embassy of India, Guatemala celebrated the 74th Republic Day with great fervor. Ambassador Manoj Kumar Mohapatra unfurled the tricolor on 26th January 2023. As a part of AzadiKaAmritMahotsav celebrations, Ambassador Manoj Kumar […]
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