S&P Global’s India services purchasing managers’ index rose to 61.0 last month from 60.1 in August, confounding expectations in a Reuters poll for a dip to 59.5.
Foxconn Industrial Internet (FII), plans to invest $194.45 million to build a campus in Kancheepuram district, near Chennai.
The index stated that Ahmedabad has an EMI to income ratio of 23 per cent, followed by Pune and Kolkata at 26 per cent each. The National Capital Region has a ratio of 30 per cent, and Bengaluru and Chennai 28 per cent.
The Indian government has extended its restriction on export of raw sugar, white sugar, refined sugar and organic sugar under some codes beyond October, according to an order dated Wednesday.
Andhra Pradesh and Tamil Nadu with 1,415 points each topped the index table whereas Himachal Pradesh with 1,011 points stood at the bottom.
Unveiling the bi-monthly monetary policy, Reserve Bank Governor Shaktikanta Das said domestic economic activity is maintaining resilience.
It said the new infrastructure will greatly speed up a wide range of India’s key initiatives and AI projects, including AI chatbots, drug discovery, climate research and more.
As online gaming companies are devising ingenious ways to compensate their customers for GST deductions on their deposits, industry executives say the move will force smaller firms to shut down and increase barriers for new entrants in the sector.
The Black Friday tradition began in the US but has gone global, as well as moving online. The rise of online shopping has reduced the importance of Black Friday as a single-day event.
The RBI’s Monetary Policy Committee (MPC), in its October meeting, projected consumer price index-based (CPI) inflation at 5.4 per cent for 2023-24, a moderation from 6.7 per cent in 2022-23.