The Indian manufacturing sector maintained strong growth momentum at the start of the third quarter amid ongoing buoyant demand. Rates of expansion in output and new orders were only marginally softer than in June, with firms expanding their employment and purchasing activity accordingly. Cost inflationary pressures remained relatively muted. The seasonally adjusted S&P… Continue reading India’s July manufacturing PMI comes at 57.7 on sustained improvement
Tag: July
China’s manufacturing contracts in July dragging down Asia factories
By Bloomberg News China’s manufacturing contracted in July, rippling through factories across Asia and signaling any turnaround in the region could still be far off. The Caixin manufacturing purchasing managers index declined to a six-month low of 49.2 in July from 50.5 in June, below the key 50 level that marks… Continue reading China’s manufacturing contracts in July dragging down Asia factories
Electric two-wheeler registrations recover in July but very modestly
Even though electric two wheeler (e2W) companies saw a slight recovery in July of 12 per cent with 49,518 registrations — after a wash out in June because the government slashed the FAME 2 subsidy by a third — registrations are still lower for the second month in a row compared to April FY24.… Continue reading Electric two-wheeler registrations recover in July but very modestly
Registration of properties in Mumbai set to fall 9-10% annually in July
Registration of properties in Mumbai municipal area is estimated to fall by 9-10 per cent year-on-year in July to more than 10,200 units, according to Knight Frank India. The registration of properties in Mumbai city (area under BMC jurisdiction) has crossed 10,200 units by 7 pm evening on Monday. As many as… Continue reading Registration of properties in Mumbai set to fall 9-10% annually in July
Rupee continues to remain stable in July, ends flat at 82.25 a dollar
The rupee weakened 0.26 per cent against the US dollar in July, remaining largely stable, even as bouts of volatility prompted the Reserve Bank of India (RBI) to intervene. On the last trading day of the month, the rupee closed almost flat at 82.25 a dollar, as compared to 82.26 on Friday. Rupee… Continue reading Rupee continues to remain stable in July, ends flat at 82.25 a dollar
China factory activity shrinks in July, adds to pressure to reverse slump
Demand for Chinese exports weakened after U.S. and European interest rates were raised to cool record-breaking inflation | Photo: Bloomberg Chinese factory activity contracted in July as export orders shrank, a survey showed Monday, adding to pressure on the ruling Communist Party to reverse an economic slowdown. A purchasing managers’ index issued by… Continue reading China factory activity shrinks in July, adds to pressure to reverse slump
Stock of this smallcap industrial products company has zoomed 90% in July
Shares of Lloyds Steels Industries hit a record high of Rs 44.74, as they rallied 16 per cent on the BSE in Monday’s intraday trade amid heavy volume. The stock of industrial products company quoted higher for the third straight day, surging 35 per cent during the period. Thus far in the month of July,… Continue reading Stock of this smallcap industrial products company has zoomed 90% in July
Top News headlines, July 31: Walmart buys more stake in Flipkart, no-confidence motion
Walmart buys Tiger Global’s stake in e-com giant Flipkart for $1.4 billion Walmart Inc. paid $1.4 billion to buy Tiger Global Management’s remaining stake in Flipkart, boosting its bet on the Indian retailer and helping the money manager provide distributions to investors at a time when accessing liquidity is tough. The transaction, which took… Continue reading Top News headlines, July 31: Walmart buys more stake in Flipkart, no-confidence motion
Top Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL
Stocks to Watch on Monday, July 31: Asia-Pacific markets rose on Monday even as China’s factory activity for July remained in contraction territory for the fourth straight month. Hong Kong’s Hang Seng index surged over 1.71 per cent, China’s Shanghai Composite was up 1.27 per cent, Japan’s Nikkei 225 popped 1.83 per cent, and… Continue reading Top Stocks to Watch today, July 31: Adani Green, Maruti, Power Grid, NTPC, PEL
After reasonable surplus monsoon in July, El Nino clouds over August rains
IMD disagrees with Skymet, says India will have a normal monsoon this year Top headlines: Monsoon on track, India to start FTA talks with SACU Govt holds meetings to prepare for adverse monsoon, works on action plans Monsoon covers India six days ahead of the schedule, shows IMD data Delayed rains cause for concern, but… Continue reading After reasonable surplus monsoon in July, El Nino clouds over August rains