Near 5-year low! India’s manufacturing growth slows, but HSBC PMI stays in expansion territory

Despite softer demand in the domestic market, export orders strengthened in July. India’s manufacturing sector saw its slowest pace of activity expansion in nearly five years in July, according to HSBC India Manufacturing Purchasing Managers’ Index (PMI) data released on Monday.However, the manufacturing activity remained in expansion territory with the seasonally adjusted HSBC India Manufacturing…

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Saudi’s Yanbu port sees busy days despite Houthi threats; crude transits as oil tankers go dark

Some tankers, including those carrying Russian crude, continue to transit the Bab el-Mandeb Strait. (Reuters photo) Saudi Arabia’s key Red Sea export terminal at Yanbu appeared to witness its busiest day since Houthi threats disrupted regional shipping, while additional vessels continued transiting the Bab el-Mandeb Strait with their tracking systems switched off.While some tankers, including…

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Stock Market Today Live Updates: Dalal Street opens on strong note; BSE Sensex jumps over 500 points, NSE Nifty50 above 24,550

Stock market today: BSE Sensex adds over 500 points in opening trade, Nifty50 soars above 24,550 Benchmark indices open August on a firm note, extending the positive momentum seen in the previous session. BSE Sensex climbed 551.13 points, or 0.71 per cent, to trade at 78,645.77, while NSE Nifty 50 gained 168.45 points, or 0.69…

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Education needs more capital, fewer curbs: Noel Tata

BENGALURU: Tata Trusts chairman Noel Tata on Sunday questioned restrictions on for-profit education, saying they discouraged investment in a sector where India needs far more quality colleges and universities.Speaking at IIMBue, an IIM Bangalore alumni meet in Bengaluru, Tata said only a small fraction of students secure admission to the country’s top institutions, forcing many…

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RBI expected to hold rates on Aug 5

High frequency indicators, including industrial output and GST collections, point to resilient domestic activity. MUMBAI: RBI is expected to leave interest rates unchanged at its monetary policy committee meeting on August 5 as economists see little case for an immediate policy move despite rising inflation risks, with rupee being stable, resilient domestic growth and uncertainty…

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