BUSINESS
HSBC Reports: Export Orders Drive Manufacturing Growth and Job Creation in India for October
The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index compiled by S&P Global rose from September's eight-month low of 56.5 to 57.5 in October, meaning strong and accelerated improvement in operating conditions.
India Sees 10% Rise in White-Collar Hiring in October; Fresher Jobs Increase by 6%
Roles in AI/ML saw exceptional growth at 39% year-on-year and 2% month-on-month according to data by The Naukri JobSpeak Index.
India's Manufacturing Sector Sees Growth Rebound in October, Reports PMI
Increases recorded in total new orders, international sales in higher-than-previous-level of gains fueled the jump seen as being substantial and an improvement was accelerated in conditions about production.
IMF Projects India as a Key Driver of Growth in the Asia-Pacific Region
The report stated that the IMF World Economic Outlook report released last on October 2 retains GDP growth forecasts for the economy at a robust 7 per cent and 6.5 per cent, for FY25 and FY26, respectively.
GST Collections Rise by 8.9% Year-on-Year to Rs 1.87 Lakh Crore in October
The data released by the government showed that all CGST, SGST, IGST, and cess were up in the last month. Central GST (CGST) collected Rs 33,821 crore in October while State GST (SGST) collection was at Rs 41,864 crore. The government also collected Integrated GST (IGST) at Rs 99,111 crore and cess amounting to Rs 12,550 crore.
India's Forex Reserves Reach $684.8 Billion as Gold Reserves Increase
The central bank said the gold reserves, that are a part of the foreign exchange kitty, had increased to $68.53 billion in the week ended 5 May from $67.45 billion.
Petrol, Jet Fuel, and LPG Sales Soar as Economy Gains Momentum
Petrol sales rose 7.3 percent, LPG consumption surged 7.5 percent, and jet fuel demand rose 2.5 percent during the festive season compared with the year-ago period, according to data released by the public sector oil companies on Friday.
India Reports Strong Growth in Key Mineral Production in First Half of FY25
"Iron ore accounts for about 70 per cent of the total Mineral Conservation and Development Rules (MCDR) mineral production by value. Production of iron ore was 274 million metric tonnes (MMTs) in FY 2023-24," the data showed.
UPI Achieves New Milestone with 16.58 Billion Transactions Valued at Rs 23.5 Lakh Crore in October
According to data shared by the National Payments Corporation of India (NPCI) on Friday, October saw a 10 per cent increase in volume and 14 per cent in value compared to September.
India's Coal Production Grows by 7.5% in October
The cumulative coal production for the fiscal year up to October reached 537.45 MT, higher than 506.56 MT in the same period of FY 2023-24, which was up 6.10 percent, data showed.
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