New Delhi, May 6 (IANS) India’s services sector activity strengthened in April, with the Purchasing Managers’ Index (PMI) rising to a five-month high of 58.8, because of robust domestic demand and increased business activity, the HSBC India Services PMI data showed on Wednesday.The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 57.5 in March to 58.8 in April, which is the strongest pace of expansion since November.Moreover, new business inflows also grew at the f…
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New Delhi, May 4 (IANS) India’s manufacturing PMI rose to 54.7 in April, up from 53.9 in March, as output, new orders (including exports) and employment all grew moderately, pointing to continued resilience in India’s manufacturing sector, the HSBC Flash India PMI data showed on Monday.April data showed mild recoveries in growth of new business intakes and production among Indian manufacturers, but rates of increase were still the second-weakest since 2022. Exports was a bright area, with fi…
New Delhi, April 23 (IANS) Private sector activity in India accelerated in April, supported by capacity expansion, better demand conditions, rising intakes of new work and tech investment, the HSBC ‘Flash India PMI Composite Output Index’ showed on Thursday.The seasonally-adjusted index, that measures the month-on-month change in the combined output of India’s manufacturing and service sectors – was up from a final reading of 57.0 in March to 58.3 in April.New orders rose at a quicker pace t…
New Delhi, April 14 (IANS) Around 100 per cent of Indian companies are planning to expand globally and are increasingly willing to take calculated risks despite rising geopolitical tensions, according to a new report.According to a survey conducted by HSBC, 98 per cent of Indian firms plan to increase cross-border trade and investment over the next five years which is the highest among all markets surveyed even as global uncertainty persists.Meanwhile, 94 per cent of Indian respondents said they…
New Delhi, April 9 (IANS) Entertainment conglomerate Walt Disney is planning to cut up to 1,000 jobs in the coming weeks, with a significant number of layoffs likely in its marketing division, according to a report.The Wall Street Journal said, citing sources, that the plans for the job cuts were initiated before Josh D’Amaro took over as the company’s chief executive officer in March.The layoffs are expected to impact less than 1 per cent of Disney’s total workforce. The company had aroun…
New Delhi, April 6 (IANS) India’s services sector continued to expand in March, supported by strong international orders and rising business confidence even as domestic new‑business growth eased, a report said on Monday.The HSBC India Services PMI report compiled by S&P Global said that India Services PMI or the headline figure remained above its long‑run average of 54.4.The seasonally adjusted HSBC India Services PMI Business Activity Index eased from 58.1 in February to 57.5 in March…
New Delhi, April 2 (IANS) India’s manufacturing PMI eased to 53.9 in March as disruptions linked to the conflict in the Middle East are reverberating through the global economy and weighing on Indian manufacturers, the HSBC Flash India PMI data showed on Thursday.Firms also faced an intensification of cost pressures, the steepest since August 2022. That said, companies mostly absorbed added expenses, as indicated by a modest uptick in selling charges that was the least pronounced in two years,…
New Delhi, March 30 (IANS) Finance hub GIFT City on Monday announced that banking assets at its International Financial Services Centre have crossed $106.7 billion as of February 2026, marking over seven‑fold surge from $14 billion in September 2020.The huge surge indicated a rapid scale‑up of India’s offshore banking ecosystem and reflected increasing global and domestic participation in India’s international financial services ecosystem, it said.The growth has been supported by an expa…
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
New Delhi, March 24 (IANS) The Reserve Bank of India (RBI) may ‘stay on hold’ in its upcoming monetary policy review (April 6-8), with global developments expected to weigh more on growth than inflation in the near term, according to economists on Tuesday.As the central bank has announced the Monetary Policy Committee (MPC) meetings schedule for FY27, economists at leading investment bank HSBC noted in their report that the current situation is “likely to be more of a growth shock than a price…