India manufacturing growth eases in May
India's manufacturing sector growth slowed in May but remained in expansion, with the PMI at 57.5, driven by strong global sales despite reduced working hours due to heatwaves and rising production costs.News Arena Network - New Delhi - UPDATED: June 3, 2024, 01:32 AM - 3 mins read
May recorded the highest level of positive sentiment among manufacturing firms in just under a decade, resulting in increased job creation.
Economy
See All![Representational Image. Representational Image.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fhoodanaijpg_1720445416058.jpg&w=3840&q=8)
July 8, 2024, 06:30 AM - 2 mins read
"In Delhi markets, spot gold prices (24 carats) are quoted at Rs 73,410 per 10 grams, up by Rs 100 from the Friday’s afternoon price.
Read more![PM Modi at the Eight meeting of the NITI Aayog governing council. PM Modi at the Eight meeting of the NITI Aayog governing council.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fnitiaayognaijpg_1720442742628.jpg&w=3840&q=8)
July 8, 2024, 05:45 AM - 2 mins read
"Ahead of the Council meeting, Finance Minister Nirmala Sitharaman will likely give a glimpse of the Viksit Bharat vision and action plan in the Budget on July 23," the official said.
Read more![Indian benchmark indices ended the trading session on a flat note today, following a day of volatile market activity. Indian benchmark indices ended the trading session on a flat note today, following a day of volatile market activity.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fimg_4314jpeg_1720439975164.jpeg&w=3840&q=8)
July 8, 2024, 04:59 AM - 1 min read
Among the top Nifty gainers were ONGC, ITC, HDFC Life, HUL, and Tata Consumer Products. Conversely, the top losers included Divis Labs, Titan Company, BPCL, Shriram Finance, and Adani Ports. Sectorally, capital goods, FMCG, and oil & gas sectors witnessed gains of 0.6-1.5 percent.
Read more![Finance Minister Nirmala Sitharaman has concluded consultations with various stakeholders, marking a significant step in the preparations for the upcoming FY25 budget. Finance Minister Nirmala Sitharaman has concluded consultations with various stakeholders, marking a significant step in the preparations for the upcoming FY25 budget.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fnirmalasitharamanjpg_1720430194833.jpg&w=3840&q=8)
July 8, 2024, 02:16 AM - 2 mins read
The series of pre-budget consultations, held between June 19 and July 5, 2024, involved over 120 invitees from ten key stakeholder groups. These groups included farmer associations, trade unions, representatives from the education and health sectors, employment sectors, MSMEs, industry experts, economists, financial markets, and infrastructure sectors.
Read more![Benchmark indices Nifty and Sensex experienced a sluggish start on July 8, reflecting the previous session's trend as profit booking, particularly in bank stocks, weighed on the market. In contrast, the FMCG and Pharma indices traded in the green, offering some support. Benchmark indices Nifty and Sensex experienced a sluggish start on July 8, reflecting the previous session's trend as profit booking, particularly in bank stocks, weighed on the market. In contrast, the FMCG and Pharma indices traded in the green, offering some support.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1720421174201.jpg&w=3840&q=8)
July 7, 2024, 11:46 PM - 2 mins read
Among sector trends, FMCG and Pharma sectors were the bright spots. The FMCG index emerged as the frontrunner, led by gains in Hindustan Unilever, ITC, and Marico stocks. Conversely, the Nifty Bank index traded lower, slipping 0.6 percent, with major laggards including ICICI Bank and Bank of Baroda.
Read more![With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said. With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fkeir0jpg_1720360811678.jpg&w=3840&q=8)
July 7, 2024, 06:54 AM - 3 mins read
With the new government taking charge in Britain, senior officials of India and the UK will hold the next round of talks this month for the proposed free trade agreement to resolve the pending issues and close the negotiations, an official has said.
Read more![Image for representative use. Image for representative use.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fcargonaijpg_1720254992313.jpg&w=3840&q=8)
July 6, 2024, 01:36 AM - 2 mins read
The airport's integrated cargo terminal was formally launched on Friday in the presence of officials from AAHL Cargo, Mangaluru International Airport, Customs, IndiGo, Air India Express, and CISF.
Read more![Benchmark stock market indices ended Friday's trading session on a weak note as banking and financial stocks declined. Benchmark stock market indices ended Friday's trading session on a weak note as banking and financial stocks declined.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fsensexxjpg_1720176949345.jpg&w=3840&q=8)
July 5, 2024, 03:55 AM - 2 mins read
Despite the dip in major indices, most broader market indices ended in positive territory as volatility declined. Among sectoral indices, Nifty Financial Services and Nifty Bank were the top losers, primarily due to a significant 4.5% drop in HDFC Bank shares.
Read more![The average cost of a vegetarian thali saw a significant increase of 10% in June, driven primarily by the rising prices of onions, potatoes, and tomatoes, according to Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report released on Friday. The average cost of a vegetarian thali saw a significant increase of 10% in June, driven primarily by the rising prices of onions, potatoes, and tomatoes, according to Crisil Market Intelligence and Analysis' monthly "Roti Rice Rate" report released on Friday.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fveg-food-indianjpg_1720173333445.jpg&w=3840&q=8)
July 5, 2024, 02:55 AM - 2 mins read
The report highlighted that the cost of a vegetarian thali, which includes roti, vegetables (onions, tomatoes, and potatoes), rice, dal, curd, and salad, rose to Rs 29.4 per plate in June. This marks an increase from Rs 26.7 in the same period last year and from Rs 27.8 in May 2024.
Read more![Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience. Swiggy, the prominent online food and grocery delivery platform, has introduced its own UPI (Unified Payments Interface) service, aiming to reduce reliance on external payment apps, minimize payment failures, and streamline the checkout experience.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fswiggyjpg_1720166062178.jpg&w=3840&q=8)
July 5, 2024, 12:54 AM - 2 mins read
A source revealed that Swiggy has been testing the UPI service with its employees for the past month and plans to gradually roll out the service to all users in phases over the coming months. The UPI Plugin, launched by the National Payments Corporation of India (NPCI) in 2022, allows merchants to offer UPI payment services within their apps without needing a TPAP license.
Read more![The ninth Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi and comprising state chief ministers, is expected to convene in August to deliberate on the ‘Viksit Bharat @2047’ vision document. The ninth Governing Council meeting of Niti Aayog, chaired by Prime Minister Narendra Modi and comprising state chief ministers, is expected to convene in August to deliberate on the ‘Viksit Bharat @2047’ vision document.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fmodi-meeting-niti-ayogjpg_1720160479750.jpg&w=3840&q=8)
July 4, 2024, 11:21 PM - 2 mins read
Sources reveal that ahead of the Council meeting, Finance Minister Nirmala Sitharaman will provide an initial overview of the ‘Viksit Bharat’ vision and action plan in the upcoming Budget later this month. The ambitious goal includes positioning India as a $30 trillion economy by 2047, driven by significant policy reforms and governance changes by 2030.
Read more![In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory. In a positive session for the Indian stock market, both the Sensex and Nifty indices ended the day in green territory.](/_next/image?url=https%3A%2F%2Fapi.newsarenaindia.com%2F%2Fuploads%2Fbull-bse-nsejpg_1720091173090.jpg&w=3840&q=8)
July 4, 2024, 04:06 AM - 2 mins read
Top gainers of the day included Tata Motors, HCL Tech, ICICI Bank, Sun Pharma and TCS. On the flip side, the day's laggards were HDFC Bank, Bajaj Finance, Adani Entertainment, Wipro, and Tech Mahindra. Sectoral indices showed a mixed performance. Financial services, FMCG, media, and metal ended the day in red.
Read more