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India's Services Boom Continues: June PMI Hits Ten‑Month Peak
The HSBC India Services Purchasing Managers' Index (PMI) — a seasonally adjusted series designed by S&P Global — rose to 60.4 in June, from 58.8 in May. A level above the neutral of 50.0 indicates expansion, while below points to contraction.
Updated Peak-Hour Rates & Cancellation Rules for Ola, Uber
These modifications fall under the newly released Motor Vehicle Aggregator Guidelines (MVAG) 2025, which were published on Tuesday by the Ministry of Road Transport and Highways. The new guidelines also come with cancellation penalties.
Robust Export Growth Drives India’s Manufacturing to 14‑Month Peak in June
As per the HSBC India Manufacturing Purchasing Managers' Index (PMI), released by S&P Global, the PMI at 58.4 in June was higher than 57.6 in May. This was a 14-month peak and significantly above the long-term average of 54.1, indicating an overall improvement in manufacturing conditions.
India’s Pharma Exports Surge to $4.9 Billion in April–May, Reports Pharmexcil
Pharmexcil, which operates under the Ministry of Commerce and Industry, is the official organization for promoting export of pharmaceuticals.
HSBC Predicts India’s Q2 Growth at 6.8–7%, Full-Year GDP to Be 6.3%
The report states that since 70% of the major indicators are indicating positive momentum, GDP growth during the April–June quarter (Q2) seems to be on course between 6.8% and 7%, driven by a good showing from the informal sector.
Bank NPAs in India Tumble to 2.3%, Lowest in Years
The report cites sustained enhancing of the asset quality of these banks. As of March 2025, the gross non-performing asset (GNPA) ratio fell to a multi-decade low of 2.3%, with the net NPA (NNPA) ratio declining to mere 0.5%.
US Senate Approves Trump’s Landmark Mega-Bill in Major Legislative Win
The bill passed the Senate by a narrow margin, 51–50, following a tie-breaking vote by Vice President JD Vance. Three Republican senators, Susan Collins, Thom Tillis, and Rand Paul, defied party lines and voted against the bill.
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