The Indian services sector growth touched a six-month high in December, supported by a robust intake of new work and favourable market conditions, a monthly survey said on Wednesday. The seasonally adjusted S and P Global India Services PMI Business Activity Index rose from 56.4 in November to 58.5 in December, highlighting the strongest rate of expansion since mid-2022. For the 17th straight month, the headline figure was above the neutral 50 threshold.
Posts tagged Rediff
Microsoft is very committed to India: Satya Nadella (04-01-2023)
Microsoft chairman and CEO Satya Nadella on Wednesday highlighted the importance of driving inclusivity and empowerment through technology and economic growth and asserted that the company is “very committed to India”. He was speaking at Microsoft’s Tech for Good and Education showcase, an event that highlighted the impact created by technology in the areas of philanthropic work and education. Nadella did a walk through, interacting with teachers, students and professionals who are making a difference in the society, by leveraging various Microsoft programs, initiatives and tools.
Google told to pay 10% of Rs 1,337.76 cr CCI penalty (04-01-2023)
The National Company Law Appellate Tribunal on Wednesday directed Google to pay 10 per cent of the Rs 1,337.76-crore penalty imposed on the tech giant by fair trade regulator CCI. A two-member bench, however, declined to grant any immediate stay the operations of Competition Commission of India (CCI) penalty and said it would pass any order after hearing out other parties. The appellate tribunal has issued notices to CCI and directed to list the matter on February 13, for hearing over interim stay.
Railways readies plan to meet 2030 net-zero target (04-01-2023)
Focuses on meeting non-traction demand through renewables.
Nov exports to key markets bounce back after Oct dip (04-01-2023)
Exports had recovered in November to grow at 0.59 per cent from a 12 per cent contraction in October.
Top Carmakers See Double-Digit Export Growth (04-01-2023)
Clock 11% growth in the first 11 months of 2022.
SBI To Raise Rs 10,000 cr More Via Infra Bonds (04-01-2023)
UCO Bank mulls AT1 offering to raise Rs 1,000 cr.
‘Keep booking profits with market highs’ (04-01-2023)
‘We suggest investors with suitable risk appetite to consider allocating 40-50 per cent in large-caps, 25-30 per cent of funds in quality mid and small-caps and the rest in debt and high yield products.’
NCLT stays Hinduja’s revised offer for Reliance Cap (03-01-2023)
The insolvency process of debt-ridden Reliance Capital Ltd (RCL) on Tuesday hit a roadblock as the NCLT Mumbai has stayed the resolution process on the plea of Torrent Group. The stay order was issued by the National Company Law Tribunal (NCLT) as the Ahmedabad-based Torrent Group challenged the revised bid from Hinduja Group, sources said. Torrent Group, which emerged as the highest bidder with an Rs 8,640 crore offer, had moved the NCLT-Mumbai against Hinduja Group’s late revised bid, which it had submitted after the completion of the e-auction process on December 21.
Rs 48.15 cr notice to Malvinder and Shivinder Singh (03-01-2023)
Sebi on Tuesday sent a notice to 7 entities, including Malvinder and Shivinder Mohan Singh, asking them to pay Rs 48.15 crore within 15 days in a fund diversion case of Religare Finvest. Sebi also warned of attachment of assets and bank accounts, if they fail to make the payment. The notice came after the entities failed to pay the fine imposed on them by the Securities and Exchange Board of India (Sebi).