India’s services sector expanded at its fastest pace in 15 years in August, driven by strong demand and rising international orders, according to the HSBC India Services Purchasing Managers’ Index (PMI), compiled by S&P Global.The index rose to 62.9 in August from 60.5 in July, marking the sharpest growth since June 2010. A reading above…
Civil aviation minister Ram Mohan Naidu Kinjarapu on Monday said the Centre aims to build 350 airports across India by 2047 as part of its vision for a ‘Viksit Bharat’, more than doubling the current tally of 162 airports, ANI reported.Speaking at the Eastern Region Ministers’ Conference on Civil Aviation, Kinjarapu said civil aviation was…
This is an AI generated image. NEW DELHI: The Shimla Municipal Corporation (SMC) has launched a major drive to monitor stray dogs by equipping them with GPS-enabled collars and QR codes.SMC, one of India’s oldest civic bodies, has also started vaccination and sterilisation campaigns to prevent rabies and reduce human-dog conflicts.The initiative comes a day…
The government has already committed about Rs 62,900 crore — nearly 97 per cent of the Rs 65,000 crore earmarked for semiconductor manufacturing incentives — leaving room only for a handful of smaller projects, a top official said on Friday.Electronics and IT Secretary S Krishnan, while briefing on the upcoming Semicon India 2025 event, said…
Union Minister Nitin Gadkari on Tuesday said the government’s aim is to make India’s automobile industry the number one in the world within the next five years.Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the outlook for the express industry is also promising.“The size of Indian automobile…
India’s unemployment rate eased to 5.2% in July, from 5.6% in June, according to the government’s latest labour force survey, released on Monday.The Periodic Labour Force Survey (PLFS), conducted by the Ministry of Statistics and Programme Implementation (MoSPI), showed that the unemployment rate in May had also stood at 5.6%.Data collected under the current weekly…
Independence Day discounts gave India’s retail sector a much-needed boost, with footfalls and sales rising by 8-10% year-on-year across key shopping destinations. Industry executives say the revival in entry-to-mid segment demand has raised hopes of a strong festive season ahead.Electronics, particularly in affordable categories, along with groceries and apparel have seen healthy growth. Restaurants, too,…
The initial public offering (IPO) of BlueStone Jewellery and Lifestyle Ltd, which sells contemporary jewellery under its flagship brand ‘BlueStone’, was subscribed 39% on the first day of bidding on Monday.According to NSE data, the three-day issue received bids for 63,89,570 shares against 1,65,14,421 shares on offer, reported PTI. The quota for qualified institutional buyers…
Election Commission of India (File Photo) NEW DELHI: The Election Commission of India (ECI) has delisted 334 Registered Unrecognised Political Parties (RUPPs) as part of its ongoing efforts to streamline and clean up the country’s electoral system. The decision was announced in a press note issued on Saturday after the Commission reviewed reports and recommendations…
NEW DELHI: West Bengal chief ministerMamata Banerjee on Thursday alleged that the BJP-led central government is attempting to strip citizens of their rights under the guise of revising the state’s voter list. Her remarks came after the BJP demanded a Special Intensive Revision (SIR) of the electoral rolls in the state.Speaking at a public meeting…