Get App
Domestic demand growth rate of non-ferrous metals is expected to remain healthy at about 9% for the next two financial years and the domestic demand growth is likely to outpace the expected rate of global demand growth, according to rating ...
Cyient DLM plans to raise Rs 592 crore through initial public offering (IPO). The subscription for the IPO opens on June 27 and closes on June 30, 2023. The price band is fixed at Rs 250–265 per share. The IPO ...
India Ratings and Research (Ind-Ra) said in a report that it estimates steel demand to grow in the range of 7%-9% YoY for FY24 compared to 12% in FY23. The growth is primarily driven by a continued rise in government ...
A slew of important economic data was released this week. Let us take a look at the economic indicators. Gross Domestic Product (GDP) India’s economic growth slowed down to 6.3% in the July-September quarter of FY23, as manufacturing output contracted. ...
India’s economy represented by gross domestic product (GDP) grew 6.3% in the July-September quarter of FY23, helped by strong activity in the services sector, despite manufacturing output contracting unexpectedly. In comparison, the economy had expanded 13.5% in the June quarter ...
India’s business conditions improved in March, even though factory orders and production grew at a slower pace. S&P Global’s data showed renewed decline in new export orders.The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) fell to 54 in March ...
Recently released macro economic data on India points to a strong recovery across various sectors and the economy is expected to expand in the coming months.IHS Markit released India’s manufacturing and services PMI data for the month of September. The data ...
Metal index was badly battered as heavyweights like Tata steel, Jindal Steel and SAIL, etc. fell between 6 to 8% on a weekly basis. Nifty Metal dropped 3.3% and BSE Metal lost 3.5%.The steel industry has been impacted due to ...
India’s manufacturing and service sector make up about 84% of the country’s GDP and the performance of these two sectors are very important for the development of the country.IHS Markit, a financial information provider and analytics company, recently, released a ...