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.
India
Man dies, 18 injured in Mumbai building collapse
Mumbai (TIP)- A 55-year-old man was killed and 18 other people were injured after a three-storey residential building collapsed in suburban Bandra on Thursday, June 9, a civic official said, adding that two of the […]
United States
Indo-Canadian Sanjay Malaviya donates $1.2M to Olympic and Paralympic medalists
By Prabhjot Singh BRAMPTON (TIP): Sanjay Malaviya, an Indo-Canadian and a leading name in IT healthcare industry, has made a huge first of its kind donation to the Canadian Olympic and Paralympic Foundations. He has […]
Indian Americans
Indian American Baljinder Singh may lose Citizenship
The Justice Department said Baljinder Singh of Carteret did not disclose a previous deportation order on his naturalization application. NEW YORK (TIP): The United States on Sept 19 filed civil denaturalization complaints in federal court […]
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