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  • Sales of manufacturing companies rose 31 percent in January-March, helped by base effects: RBI Jul 16, 2021 06:41 PM IST

    Sales of manufacturing companies rose 31 percent in January-March, helped by base effects: RBI

    Sales growth of IT sector companies accelerated to 6.4 percent in Q4FY21.

  • Services PMI falls for first time in 8 months as domestic demand disappears, export orders nosedive Jun 03, 2021 12:07 PM IST

    Services PMI falls for first time in 8 months as domestic demand disappears, export orders nosedive

    Export orders nosediving to 6-month lows and lack of domestic demand led to the first decline in sales since September 2020 for services companies. As a result, the sector lost jobs for the sixth straight month.

  • India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21 May 31, 2021 06:21 PM IST

    India GDP data | Trade, hotel and transport slump 18.2% for full year, contract 2.3% in Q4FY21

    The sector had reported a massive contraction of 47.6 percent in the first quarter. I

  • Jobs data shows COVID hit services, construction sectors; agriculture shines May 17, 2021 08:55 PM IST

    Jobs data shows COVID hit services, construction sectors; agriculture shines

    A report by CEDA shows that employment in non-financial services increased 16 percent between 2016-17 and 2019-20, before falling 8 percent because of COVID-19. Real estate of construction jobs contracted 11.8 percent the four years preceding 2020-21, and showed a similar drop in the pandemic-hit fiscal year.

  • PMI at 54.6: Lower footfall, COVID-19 restrictions, rising expenses dampen services activity in March Apr 07, 2021 12:03 PM IST

    PMI at 54.6: Lower footfall, COVID-19 restrictions, rising expenses dampen services activity in March

    While domestic business continued to rise for service providers, export orders remained contractionary for the 13th straight month in March. Job losses also continued in the sector.

  • Services could be the engine of India’s growth, finds Yale Research Mar 25, 2021 09:09 AM IST

    Services could be the engine of India’s growth, finds Yale Research

    Productivity growth in sectors such as retail, hospitality, or transportation account for one third of welfare growth between 1987 and 2011

  • India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister Mar 23, 2021 07:18 PM IST

    India's merchandise and services exports may dip by 10% in FY21 : Commerce Minister

    In the previous financial year of 2019-20, services exports had risen by 4 percent while merchandise exports had shrunk by 4.7 percent.

  • Economy returns to growth in Q3 after two quarters of contraction Feb 26, 2021 05:46 PM IST

    Economy returns to growth in Q3 after two quarters of contraction

    Growing 0.4 per cent in the October-December quarter of FY21, India's GDP managed to marginally overcome record level contractions that had gripped it over the previous two quarters. But going forward, uncertainties in private consumption and slow growth in manufacturing, key services sectors pushed down FY21's official forecast to an 8 percent contraction.

  • India Sotheby’s International Realty launches full-service platform White Glove Feb 19, 2021 01:34 PM IST

    India Sotheby’s International Realty launches full-service platform White Glove

    On offer are services such as tax and wealth advisory, design, mortgage, relocation, home renovation, furniture consignment, asset valuation and even redevelopment

  • India services PMI at 52.3 in December against 53.7 in November Jan 06, 2021 12:09 PM IST

    India services PMI at 52.3 in December against 53.7 in November

    Price data showed a pick-up in input cost inflation, the strongest since February, but a renewed fall in selling prices as some firms sought to beat competition and secure new work

  • Housing.com launches full-stack rental and allied services platform Jan 04, 2021 02:30 PM IST

    Housing.com launches full-stack rental and allied services platform

    Tie-ups with Urban Company, RentoMojo, Livspace, HappyLocate and AuthBridge to provide quality home renting related services; over Rs 600 crore rent processed through its rental payment platform

  • HDFC Bank outage: A timeline of the bank’s run-ins with digital disruptions and what RBI has done Dec 03, 2020 12:38 PM IST

    HDFC Bank outage: A timeline of the bank’s run-ins with digital disruptions and what RBI has done

    HDFC Bank has had multiple failures in regards to digital services with customers complaining of inability to conduct credit and debit card transactions, internet banking, UPI, IMPS, and other modes of payment

  • The rise in wholesale price inflation is a sign of economic recovery Nov 17, 2020 10:34 AM IST

    The rise in wholesale price inflation is a sign of economic recovery

    As demand comes back, deflation in manufactured products is coming down

  • Why private trains alone will not be enough to modernise the railways Jul 06, 2020 12:10 PM IST

    Why private trains alone will not be enough to modernise the railways

    Moving forward, many more reforms are needed to make the railways a truly competitive industry

  • PMI data suggest V-shaped recovery unlikely in India Jun 03, 2020 11:50 AM IST

    PMI data suggest V-shaped recovery unlikely in India

    Business sentiment in the services sector was the worst since the survey began in 2005.

  • FinMin may develop app to file GST, set up facilitation centres: Report Dec 18, 2019 12:36 PM IST

    FinMin may develop app to file GST, set up facilitation centres: Report

    The ministry is also looking at a new app-based solution for filing returns

  • Delhi Metro services to run as usual on Independence Day Aug 13, 2019 01:09 PM IST

    Delhi Metro services to run as usual on Independence Day

    Entry and exit at four stations of Violet Line to be restricted; parking at stations to be shut from 6 am on Aug 14 until 2 pm on Aug 15.

  • Mastercard rolls out new tech to replace OTP step for online transactions: Report Aug 07, 2019 04:25 PM IST

    Mastercard rolls out new tech to replace OTP step for online transactions: Report

    For transactions below Rs 2,000, the new solution provides sellers with customer details automatically after the first purchase, while for those above Rs 2,000 users can create a unique transaction PIN

  • Economic Survey 2019: Services sector records moderate 7.5% growth in 2018-19 Jul 04, 2019 06:26 PM IST

    Economic Survey 2019: Services sector records moderate 7.5% growth in 2018-19

    Despite the recent growth moderation, services sector growth continued to outperform agriculture and manufacturing sector growth, and contributed more than 60 percent to total GVA growth

  • How has the structure of the economy changed under the Modi government? Mar 22, 2019 02:18 PM IST

    How has the structure of the economy changed under the Modi government?

    Agriculture's share in the economy had declined, with government and private sector gaining

  • Japan October services PMI rises to more than two-year high as new orders accelerate Nov 06, 2017 09:22 AM IST

    Japan October services PMI rises to more than two-year high as new orders accelerate

    The Markit/Nikkei survey released on Monday showed its Japan Services Purchasing Managers Index (PMI) rose to a seasonally adjusted 53.4 from 51.0 in September.

  • GST Reform: Placing services under four rate slabs is a paradigm shift May 27, 2017 12:13 PM IST

    GST Reform: Placing services under four rate slabs is a paradigm shift

  • ESIC flush with funds but service not up to the mark: Parliamentary panel Mar 31, 2017 10:56 PM IST

    ESIC flush with funds but service not up to the mark: Parliamentary panel

  • 1001 Startup Ideas - Property Management for room sharing aggregators Mar 20, 2017 11:00 AM IST

    1001 Startup Ideas - Property Management for room sharing aggregators

    This weeks 1001 Startup Idea is to establish a company that provides property management services room sharing aggregators.

  • Tourism & education could be new areas for investment: Jaitley Feb 16, 2017 09:32 PM IST

    Tourism & education could be new areas for investment: Jaitley

    Union Finance Minister Arun Jaitley today said Jharkhand has a stable government and tourism and education could be the areas for new investments in the state.

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