Dharampal Gulati
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India’s Manufacturing PMI Hits 57.6 in May, Says HSBC
While down slightly from April's 58.2 reading, the index was well above the 50-point mark, signaling consistent growth in plant activity, according to numbers tallied by S&P Global.
HSBC: Low Inflation to Strengthen India’s Purchasing Power and Fiscal Health
Though higher real purchasing power and lower input costs are the more direct impacts, the report also points to an important less-obvious upside—fiscal balance relief for the government.
Government Confirms 8.25% Interest Rate on PF Deposits for FY 2024-25
Earlier this February, the Employees' Provident Fund Organisation (EPFO) had declared that it would maintain the EPF interest rate unchanged at 8.25% for FY25. This was done in a meeting of the EPFO's Central Board of Trustees, which took place in the national capital.
IndusInd Bank Posts Rs 2,329 Crore Q4 Loss, Plans Fresh CEO Nominations
This major loss is in the context of a derivatives accounting shortfall that has taken an enormous toll on the bank's net value.
April Sees Steady Growth in India's Services Sector; Composite PMI Hits 8-Month Peak
This reflects steady growth, with a PMI above 50 indicating expansion, and the index tracing an upward path reflecting steady improvement in the sector.
HSBC Report Highlights Strong Expansion in India's Manufacturing and Services Sectors in April
The PMI in April posted a healthy 60, higher than the March reading in spite of lingering trade-related risks. A reading of 50 marks the level between expansion and contraction.
India's Services Sector Maintains Strong Growth in March
Meanwhile, the HSBC India Composite PMI Output Index rose to a seven-month high of 59.5, from February's 58.8, as another month of strong growth was recorded.
India's Manufacturing Sector Sees Strong Growth and Increased Hiring in March: HSBC
The HSBC Flash India Composite Output Index was unchanged at 58.6 in March, marginally below February's final reading of 58.8. The figure for March was still comfortably higher than the long-run average of 54.7, though, indicating still strong growth.
RBI May Cut Interest Rates Next Month as Inflation Eases: HSBC
The RBI has already started a rate-cutting cycle and will have to come out with another 25 basis points (bps) cut in its April monetary policy committee (MPC) meeting, reducing the repo rate to 6%," the report added.
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