New Delhi, March 4 (IANS) India’s services sector continued to expand at a healthy pace in February, even as growth in new orders slowed amid rising competition, according to the latest data from the HSBC India Services PMI Business Activity Index.The Services Purchasing Managers’ Index (PMI) stood at 58.1 in February, slightly lower than the 58.5 recorded in January.A reading above 50 indicates expansion, which means the sector remained firmly in growth territory as the current financial ye…
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New Delhi, March 4 (IANS) Longer‑tenor government securities are looking attractive with much of the “uncertainty already priced in,” and the risk–reward balance in Indian markets is better due to strong domestic growth, a report said on Wednesday.The report from Bajaj Finserv AMC said domestic growth traction, supportive policy changes and improved global exposure through trade agreements have led to “the risk–reward balance appearing meaningfully better.”Though the asset management firm …
New Delhi, March 3 (IANS) Prime Minister Narendra Modi on Tuesday said that as global supply chains are being reshaped, Indian companies who are making clean and green energy investments will be able to reach better markets worldwide.Addressing a post-budget webinar, PM Modi highlighted that this year’s Union Budget reinforces our commitment to sustaining and strengthening economic growth.“Sustainability, carbon capture, utilisation and storage missions are important steps. Sustainability ne…
New Delhi, March 3 (IANS) Prime Minister Narendra Modi will address a Post-Budget Webinar on the theme “Sustaining and Strengthening Economic Growth” on Tuesday at 11:15 a.m. via video conferencing.The webinar is part of the government’s continued outreach following the Union Budget and aims to focus on turning budget announcements into effective action on the ground.The event will bring together policymakers, industry leaders and other stakeholders to discuss ways to accelerate growth and…
New Delhi, March 2 (IANS) India and the United States can unlock new opportunities in biotechnology and advanced manufacturing by building a structured partnership between India and the US state of Delaware, Union Minister Dr Jitendra Singh said on Monday.The meeting took place at Seva Teerth and focused on expanding cooperation in pharmaceuticals, biotechnology, clean energy and innovation-driven industrial growth.“Science, technology and biotechnology remain key pillars of the India–US com…
New Delhi, March 2 (IANS) India’s GDP growth for FY27 is likely to touch 7.2 per cent and FY26 growth could be revised up to 7.8 per cent from 7.6 per cent in the subsequent GDP estimates from the government, a report said on Monday.The report from HDFC Bank said the new GDP series with base year 2022‑23 confirms India’s healthy growth performance in this fiscal, adding the growth estimates will rise going forward given strong high‑frequency indicators in Q4.The nominal growth for FY27 is …
Guwahati, March 2 (IANS) Assam Chief Minister Himanta Biswa Sarma on Monday said the state has emerged as a fast-expanding industrial hub, moving far beyond its traditional identity as a tea-producing region. In a post on social media platform X, CM Sarma said that while Assam continues to be a major producer of tea, its industrial base has significantly diversified in recent years, spanning sectors ranging from semiconductors and hydrocarbons to manufacturing, hospitality and allied industries….
New Delhi, Feb 28 (IANS) India’s revised GDP series not only present a larger economic base but also highlights the rising strength of manufacturing as a key growth driver, even as Q3FY26 growth moderated to 7.8 per cent, a new report said on Saturday.India’s economic growth eased to 7.8 per cent in the third quarter of FY26, down from 8.4 per cent in Q2, under the newly revised GDP series, data compiled by SBI Research showed.For the full financial year FY26, growth is estimated at 7.6 per …
New Delhi, Feb 27 (IANS) India and Israel, in their key meetings this week, have placed technology and innovation at the centre of the partnership which aligns closely with India’s ambition of building a $500 billion electronics manufacturing economy by 2030–31, industry experts said on Friday.Prime Minister Narendra Modi and his Israeli counterpart, Benjamin Netanyahu, have elevated the bilateral relationship to a ‘Special Strategic Partnership for Peace, Innovation and Prosperity’, ref…
Guwahati, Feb 26 (IANS) Assam Chief Minister Himanta Biswa Sarma on Thursday said that the state government’s industrial push under the Unnati initiative is providing strong momentum to the state’s growth story, with significant investments being put into manufacturing and infrastructure.Taking to social media platform X, the Chief Minister highlighted that 35 industrial units worth ₹5,067 crore have been approved, while 26 industrial estates have been sanctioned across the state.Sarma said …