From coronavirus' impact on Surat's diamond industry to Russia's largest oil producer, Rosneft, evincing interest in the acquisition of BPCL, here are the day's top headlines
But weak market conditions keep firms spooked and business optimism low
From Tata-Mistry fight to December PMI, read today's top headlines here
Solid growth in demand was despite output prices rising at the fastest rate in nearly three years
Although business conditions in the Indian manufacturing sector improved in November, the rise, however, remained subdued
Total new orders shrank at their fastest pace since December 2012, while factory orders and future output were also in contraction
The index fell to 48.7 in September from 52.4 in August due to subdued demand.
On the prices front, input cost inflation moderated to one of the lowest rates seen in over a decade
Rising expectations for further monetary policy easing and recent measures announced by the government boosted business expectations to a 12-month high, the survey showed
April PMI data indicated that softer increase in new orders restricted growth of output, employment and business sentiment
Optimism among manufacturing firms ebbed in April as they remain concerned about what policies the new government will adopt when it takes office by end-May
Should augur well for Q3 GDP growth, tweets Economic Affairs Secretary Subhash Garg
The expansion in total new orders was supported by greater sales to international markets
In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction
Purchasing managers index - manufacturing and services data of United States, and more
The services sector, which is a dominating part of India's economy, may record a gradual recovery in the fourth quarter after hit hard by demonetisation in the third quarter, showed Nikkei's purchasing managers' index (PMI) survey. However, the services sector firms still laid off workforce in February as the recovery was fragile and not broad-based. PMI for services rose to 50.3 points in February, which meant expansion, after three months of remaining below 50, which signified contraction.PMI averaged 49.3 points in the third quarter of the current financial year, while it stood at 49.5 points in the first two months of the fourth quarter. While the turnaround was seen in the business activity and inflows of new work in the financial intermediation, most other sectors saw declines in February. Nonetheless, rates of contraction softened in all cases.It should be noted that financial, real estate and professional services growth slowed down sharply to 3.1 per cent in the third ...
A score above 50 denotes expansion and one below this level means contraction
Composite PMI, which measures both services and manufacturing, rose to 49.4 in Jan from 47.6 in Dec
The author takes a close look at economic indicators for better understand of what's going on
"Shortages of money in the economy steered output and new orders in the wrong direction