Increase in companies creating employment ended a nine-month sequence of job shedding.
If the trend persists in September, it may give further boost to services growth in the country in Q2FY22
The BSE MidCap index closed 0.35 per cent higher after hitting a new peak of 24,454 in the intra-day deals
Consumption growth could be disappointing and stock prices have run up fast
The rate of contraction fell as the index rose to 45.4 in the month from 41.2 in June
IHS Markit's Services Purchasing Managers' Index plunged to 41.2 last month from an already depressed 46.4 in May. That was its lowest reading since July 2020
Employment declined in March, says report as central bank's committee meets for monetary policy.
Though growth began accelerating in December, headline figure remained below its long-run average of 53.3 and was consistent with a moderate pace of growth
That improved sentiment was in line with findings of a Reuters poll last month that predicted Asia's third-largest economy would recover from the Covid-19 crisis more strongly than previously thought
PMI fell to 52.3 in December from 53.7 in November; Companies fire workers due to liquidity problem among other factors
Growth in India's dominant services industry continued to lose momentum in December as a resurgence in coronavirus infections weighed on new business and employment
The latest reading was indicative of broadly stable output across the sector
All that happened in the markets today
From Ayodhya Ram temple Bhoomi Poojan to vaccine trials, Business Standards brings you the top headlines of the day
July was the fifth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014.
Job losses continue as domestic demand struggles as lockdowns return in states and export orders vanish
June was the fourth straight month the index was sub-50, the longest such stretch since a ten-month run to April 2014
Job losses across services sector continue as foreign orders remain missing
From oil prices hitting a three-month high, May Services PMI improving from shock collapse in April to Google facing class action lawsuit, here are the top headlines of the day
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