India’s private sector growth slowed significantly in July, reaching a four-year low. Weaker demand and services activity constrained business expansion, impacting overall economic momentum.
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India’s service sector continued to expand but at a much slower pace. The services purchasing managers’ index flash reading of 53.1 in July signalled sustained business activity, supported by new orders and resilient domestic demand, even as growth momentum softened.
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Indian shares declined on Friday as oil prices surged above one hundred dollars. Infosys and IndiGo shares dropped after reporting weaker-than-expected earnings. The benchmark Nifty 50 and BSE Sensex both experienced losses. Rising crude oil prices pose a significant risk…
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Mumbai (Maharashtra) [India], EAAA Alternatives, the alternatives arm of Edelweiss, today announced that the third series of its performing credit fund ESOF III, has returned the entire drawn investor capital, marking a significant milestone in the Fund’s lifecycle. This significant…
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Standing Committee on Finance, headed by Bhartruhari Mahtab, backs key provisions of the Securities Markets Code Bill, including raising Sebi board strength to 15 from 9, and calls for a regulatory framework for virtual digital assets
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India’s service sector continued to expand but at a much slower pace.The Services Purchasing Managers’ Index reading of 53.1 in July signalled sustained business activity, supported by new orders and resilient domestic demand, even as growth momentum softened.
Read More