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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.
India's services sector recorded robust growth in Feb: HSBC
This growth momentum also led to a significant increase in employment, with the creation of jobs at one of the highest levels since December 2005 when data collection commenced.
India's services sector growth sees sharp uptick in Feb on new work orders amid strong demand: PMI
The HSBC India Services PMI Business Activity Index rose to 59.0 in February, bouncing back sharply from January's 26-month low of 56.5, indicating a firm rate of expansion.
India's Private Sector Output Reaches 6-Month High in February: HSBC Survey
The survey also reflected an increased overall sales level, which resulted in higher operation needs and urged companies to increase the number of employees.
India’s Services Sector Sees Strong Growth in January, Hiring Surges: HSBC
Several services companies linked output growth to favorable demand conditions, new business wins, and investment in technology. However, a few firms suggested that activity levels at their units were constrained by a fall in customer numbers, the survey states.
Govt gets Rs 307 crore as dividend from Oil India Ltd
This was tweeted by the Department of Investment and Public Asset Management (DIPAM). Last week, the government had received Rs 81 crore and Rs 31 crore from IRCTC and Bhartiya Rail Bijlee Co Ltd, respectively, as dividend tranches. It had also received Rs 604 crore, Rs 450 crore and Rs 37 crore from SAIL, HUDCO and IREL, respectively, as dividend tranches last week.
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