NEW DELHI: India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) was at 55.5 in April, little changed […]
Taipei: Russia is turning to multiple Chinese firms to manufacture the Sputnik V coronavirus vaccine in an effort to speed up production as demand soars for its shot. Russia has announced three deals totaling 260 million doses with Chinese vaccine companies in recent weeks. It’s a decision that could mean quicker access to a shot […]
New Delhi: Gold jumps Rs 310 to Rs 46,580 per 10 gram in the national capital on Monday reflecting recovery in global precious metal prices and rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,270 per 10 gram. Silver also jumped Rs 580 to Rs 67,429 […]
New Delhi: The second wave of coronavirus sweeping the nation has pummelled fuel sales in April as local restrictions clamped to curb the spread of inflection stifled demand, preliminary data showed. “At the end of April, overall fuel demand is down by about 7 per cent from pre-Covid level of April 2019,” Arun Singh, Director […]
SRINAGAR: In order to ensure the availability of different agricultural inputs (seeds, fertilizers, pesticides etc.) and to take on field assessment of different agricultural activities, Director Agriculture Kashmir Chowdhary Mohammad Iqbal today visited different areas of Srinagar district. During the visit Director Agriculture said special times need special approach. He asked the officers and field […]
New Delhi: THDC India Ltd said Vijay Goel has assumed the additional charge as its chairman and managing director. “Vijay Goel assumed the additional charge of chairman and managing director of THDC India Limited from May 1, 2021, (Saturday),” the company said in a statement. Goel is also discharging the responsibility of director (personnel) of […]
New Delhi: State Bank of India (SBI) will try to keep the interest rates benign as long as possible with a view to supporting the economic growth, its chairman Dinesh Kumar Khara has said. On the impact of the second wave of COVID-19 on non-performing assets of the bank, the SBI chief said that as […]
New Delhi: As many as 462 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.36 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,737 such projects, 462 reported […]
NEW DELHI: Snapping their six-month buying spree, foreign investors turned net sellers in April and pulled out Rs 9,659 crore from Indian equities, spooked by the intense second wave of coronavirus and its fallout on the economy. If the fears of COVID-19 increases among foreign investors, we can witness further redemptions, which can result in […]
New Delhi: GST collections crossed the Rs 1 lakh crore mark for the seventh month in a row and touched a record high of over Rs 1.41 lakh crore in April, indicating economic recovery, the Finance Ministry said on Saturday. The Goods and Services Tax (GST) collections, which directly reflect the state of economic activity, […]