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Germany's private sector slips back into contraction in April, PMI shows

GERMANY-ECONOMY/PMI:Germany's private sector slips back into contraction in April, PMI shows

world news

Published on Apr 23, 2025 01:02 PM IST

Reuters |

Japan's Aug factory activity declines slow, PMI shows

JAPAN-ECONOMY/PMI (URGENT):Japan's Aug factory activity declines slow, PMI shows

world news

Published on Aug 22, 2024 06:03 AM IST

Reuters |

Recession impact: Japan's February factory activity extends declines

Japan Recession: The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January.

Commuters walk in a passageway during a rush hour at Shinagawa Station in Tokyo. Japan.(AP)

business

Published on Feb 22, 2024 08:08 AM IST

Reuters |

These are the lucky zodiac signs this Diwali during the Venus Transit in Virgo

The planet Venus, known for happiness, and wealth moved into the Virgo zodiac sign on November 3, 2023, and will stay there until November 30, 2023.

let us explore which zodiac signs are fortunate and have favourable stars during this upcoming transit.

astrology

Published on Nov 03, 2023 05:09 PM IST

BySoumi Pyne

Tighten noose around tax evaders: Punjab minister Cheema

Punjab's Finance Minister Harpal Singh Cheema has directed the state intelligence and tax intelligence units to crack down on tax evaders in the service sector. The department has already done well in checking tax evasion in the trade of goods.

Finance, planning, excise and taxation minister Harpal Singh Cheema on Tuesday directed the department to further tighten the noose around tax evaders from service sector.

cities

Updated on May 31, 2023 12:25 AM IST

ByHT Correspondent

₹ 525-crore Kashmir medical college will offer 150 MBBS seats

In one of the biggest investments in private health sector, J&K Lt Governor Manoj Sinha on Thursday laid foundation stone of Kashmir Medical College and Super-Speciality Hospital being developed by Milli Trust, Delhi, on the outskirts of city

Jammu and Kashmir Lieutenant Governor Manoj Sinha in Srinagar on Thursday. (ANI)

cities

Updated on Apr 28, 2023 01:25 AM IST

ByHT Correspondent, Srinagar

India, Thailand discuss linking UPI with Prompt Pay Service: Report

Both sides emphasised the need for identifying new potential products and priority sectors for expanding the bilateral trade.

The issues were discussed during the 13th meeting of the India-Thailand Joint Trade Committee. (Representative)

business

Published on Apr 20, 2023 10:56 PM IST

PTI | | Posted by Yagya Sharma

India and Thailand consider expanding trade basket, address export issues

The meeting of the India-Thailand Joint Trade Committee was co-chaired by Thailand’s DG of department of trade negotiations Auramon Supthaweethum and commerce ministry’s joint secretary Indu C Nair.

The meeting on Thursday was the first physical meeting of the JTC, which was revived in 2020 after a gap of 17 years. (Twitter/DoC_GoI)

business

Updated on Apr 20, 2023 09:52 PM IST

ByHT Correspondent

Service sector activity drops to 6-month low amid inflationary pressures: Report

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March.

The survey further noted that weak external demand weighed on overall sales, with international orders declining further in September.(Bloomberg)

business

Published on Oct 06, 2022 01:46 PM IST

PTI | | Posted by Nisha Anand

Shutters down for banks as employee strike continues for second day

Services across the country have been hit as public sector bank workers revolt against privatisation.

Banks remained closed across many parts of the country on Friday following the strike(Reuters File Photo)

india news

Published on Dec 17, 2021 12:46 PM IST

PTI | , New Delhi

Services sector sees fastest expansion since February 2020

The seasonally adjusted India Services Business Activity Index surged to 56.7 in August, up from 45.4 in July, IHS Markit said.

IHS Markit attributed the service industry growth to improving vaccine access and a receding pandemic.(Bloomberg)

business

Published on Sep 04, 2021 04:51 AM IST

Livemint | ByGireesh Chandra Prasad, New Delhi

Services sector contracts for first time in 8 months in May

IHS Markit said although service providers foresee renewed activity over the next 12 months, the overall degree of optimism has weakened to the lowest since last August.

A waiter wearing a face mask, gloves and shield serves diners at Town Hall restaurant as lockdown restrictions ease, in Khan Market. (Biplov Bhuyan/ Hindustan Times)

business

Updated on Jun 04, 2021 04:46 AM IST

ByAsit Ranjan Mishra, Livemint, New Delhi

Services activity declines in April

Data released by analytics firm IHS Markit showed that the Purchasing Managers’ Index (PMI) for the services sector declined to 54 in April from 54.6 in the preceding month.

PMI for the services sector declined to 54 in April. (ANI Photo)

business

Published on May 06, 2021 06:21 AM IST

ByAsit Ranjan Mishra, New Delhi

India’s services sector loses more steam in December, job cuts resume

Asia’s third-largest economy has been gradually recovering from a coronavirus-induced recession but is not expected to return to pre-pandemic levels soon, especially within the service industry - the engine of economic growth and jobs in the country.

Demand from abroad remained firmly in contraction territory as many countries reimposed lockdown measures to contain a fresh spike in Covid-19 cases.(HT Photo)

business

Published on Jan 06, 2021 10:46 AM IST

Bengaluru | ByReuters | Posted by Srivatsan K C

Labour ministry seeks feedback on draft model standing orders for manufacturing, mining, service sectors

All three model standing orders encourage employers to use information technology in the dissemination of information to the workers through electronic mode.

The model standing orders adopted in respect of an industrial establishment will also be applicable to all other units of the industrial establishment irrespective of location.(PTI file photo)

business

Published on Jan 02, 2021 02:23 PM IST

New Delhi | ByPress Trust of India | Posted by Deepali Sharma

Chitkara University hosts leadership talk on Atmanirbhar Bharat

Top industry leaders were invited to layout challenges and share a potential roadmap for creating a self-sufficient nation with respect to industrial output, skill enablement, and service-sector growth

The leadership talk was an outcome of Chitkara University’s focus on nation-building through knowledge dissemination in the backdrop of the Prime Minister’s nationwide call for building a self-reliant (atmanirbhar) nation.(HT File Photo)

cities

Updated on Nov 22, 2020 12:48 AM IST

Hindustan Times/Chandigarh | ByHT Correspondent, Chandigarh

Lockdowns fuelled a splurge on Rolex watches and Dior handbags

Demand for expensive handbags, cars and watches bounced back once affluent consumers could emerge from their homes and spend some of the money they saved during lockdown.

Until recently, stock markets have rebounded strongly, which typically encourages U.S. consumers to spend.(Unsplash)

lifestyle

Updated on Oct 17, 2020 01:08 PM IST

ByBloomberg | Posted by Jahnavi Gupta

‘Green shoots of economic revival seen across sectors’: Finance ministry

The finance ministry said positive signs were visible across sectors like agricultural procurement, fertiliser sales, energy consumption, freight movement, digital transactions and forex earnings.

Even though most sectors show an upswing in activities, agriculture remains the foundation of this economic growth. (AP file photo)

india news

Updated on Jun 23, 2020 05:45 PM IST

Hindustan Times, New Delhi | ByRajeev Jayaswal | Edited by Ashutosh Tripathi

Govt, RBI’s prompt policy measures helped reinvigorate economy with minimal damage: Finance Ministry

To contain the spread of coronavirus the government had imposed nationwide lockdown from March 25. From June 1, India has started phased resumption of services and businesses.

Due to timely tracing, treatment and reporting, the number of people recovering from the virus is continuously rising and the active cases, as on date, are 41 per cent of the total cases in the country.(PTI)

business

Published on Jun 23, 2020 01:56 PM IST

New Delhi | ByPress Trust of India| Posted by Susmita Pakrasi

Services PMI picks up from record low

Still, activity picked up a shade in May with the services Purchasing Manager’s Index (PMI) reading at 12.6, slightly better than the record 5.4 low reported in April, but still well below the 50-mark that separates contraction from expansion, according to data released by IHS Markit.

Employment continued to fall in response to weak demand.

business

Published on Jun 04, 2020 05:10 AM IST

Hindustan Times, New Delhi | ByAsit Ranjan Mishra

How coronavirus is stalling China’s military modernisation plans | Opinion

The epidemic has hit the PLA’s recruitment drive, and stalled production at weapons manufacturing institutes

People wearing masks, walk in a subway station, in Hong Kong, Friday, Feb. 7, 2020.(AP file photo)

analysis

Updated on Feb 19, 2020 06:44 AM IST

ByJayadeva Ranade

E-tail: Look at consumer- and employee-interest

The government must also intervene if firms are exploiting vulnerable workers

According to a research note by CARE Ratings, e-tail accounted for $24 billion, just 3% of the total retail market in 2018, with the latter being dominated by mom-and-pop stores(AFP)

editorials

Updated on Jan 20, 2020 08:13 PM IST

Hindustan Times | ByHT Correspondent

Goa stares at huge losses as GST revenue deficit touches 26%

The recent reductions in GST rate will cost the Goa government ₹100 crores. Reduction in GST rates for restaurants connected with hotels will only add to the burden.

Goa Chief Minister Pramod Sawant has assured that despite the deficit in GST revenue, Goa will bridge the gap generated currently and increase revenue.(PTI)

india news

Updated on Sep 26, 2019 01:43 PM IST

Panaji | ByHT Correspondent

RBI sees economy headed for cyclical downswing

The central bank has slashed rates by 110 basis points this year to spur growth.

RBI has indicated that there is a cyclical downswing going on in several sectors like trade, hotels, transport, communication and broadcasting, and financial, real estate and professional services.(HT FILE)

business

Updated on Jun 23, 2020 09:25 PM IST

New Delhi | ByShayan Ghosh and Gopika Gopakumar

The next steps in Jammu, Kashmir and Ladakh | Opinion

The government should create new capitals in both UTs. Construction and tourism will be the big sectors for now

Kick-starting development in the two UTs will require the creation of new cities, which will trigger a construction boom and provide employment opportunities(Prashanth Vishwana/Bloomberg)

analysis

Updated on Aug 11, 2019 07:07 PM IST

ByAlok Bansal

Puneri 2.0: Flying high, with touch of green

The recently released Environment Status Report (ESR) for 2018-19 by Pune Municipal Corporation states that residents prefer air travel over train and bus.

The initiatives carried out by Pune Municipal Corporation have also seen a rise in housing societies adopting green measures like rainwater harvesting, vermiculture, solar panel installation and use of non-conventional energy sources.(HT FILE)

cities

Published on Aug 02, 2019 06:27 AM IST

Hindustan Times, Pune | ByAbhay Khairnar

Economic Survey 2019 Highlights: Economy@5trillion, job creation and other features

Economic Survey 2019: Finance Minister Nirmala Sitharaman tabled the Survey in Rajya Sabha a day before the maiden Union Budget of the new Narendra Modi government.

Economic Survey 2018-19 was tabled in Parliament by Minister for Finance and Corporate Affairs Nirmala Sitharaman.

budget

Updated on May 28, 2020 03:54 AM IST

New Delhi | ByHT Correspondent

GDP issue: Ex-CEA cherry-picked data for growth paper, says PM’s council

In a research paper, Subramanian, who stepped down last year, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17.

Subramanian was the CEA in the finance ministry for nearly four years from October 2014.(Ramesh Pathania/ File Photo)

india news

Updated on Jun 19, 2019 11:50 PM IST

Hindustan Times, New Delhi | ByGireesh Chandra Prasad

Build an ecosystem, not just industrial islands

One big hurdle is the availability of the right kind of talent. Therefore, it is critical to reskill the existing workforce

Our approach should be that of building an ecosystem, not industrial islands. For the manufacturing sector to thrive, we would need connected and efficient value chains spanning raw material providers, technology providers, trained workforce at all levels, multi-speciality service providers, research and development centres and the crucial logistics infrastructure(Ramesh Pathania/MINT)

analysis

Updated on Jun 13, 2019 06:37 PM IST

ByKishore Jayaraman

India’s economy showed signs of slowing in December

While overall demand remained subdued, expectations of a financial package for farmers in the government’s February 1 interim budget is stoking hopes for a revival in rural consumption. Here’s a breakdown of the dashboard:

budget

Updated on Jan 30, 2019 11:27 AM IST

Bloomberg | ByAnirban Nag

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service sector news

Latest from service sector

GERMANY-ECONOMY/PMI:Germany's private sector slips back into contraction in April, PMI shows

JAPAN-ECONOMY/PMI (URGENT):Japan's Aug factory activity declines slow, PMI shows

Japan Recession: The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January.

The planet Venus, known for happiness, and wealth moved into the Virgo zodiac sign on November 3, 2023, and will stay there until November 30, 2023.

Punjab's Finance Minister Harpal Singh Cheema has directed the state intelligence and tax intelligence units to crack down on tax evaders in the service sector. The department has already done well in checking tax evasion in the trade of goods.

In one of the biggest investments in private health sector, J&K Lt Governor Manoj Sinha on Thursday laid foundation stone of Kashmir Medical College and Super-Speciality Hospital being developed by Milli Trust, Delhi, on the outskirts of city

Both sides emphasised the need for identifying new potential products and priority sectors for expanding the bilateral trade.

The meeting of the India-Thailand Joint Trade Committee was co-chaired by Thailand’s DG of department of trade negotiations Auramon Supthaweethum and commerce ministry’s joint secretary Indu C Nair.

The seasonally adjusted S&P Global India Services PMI Business Activity Index fell to 54.3 in September, from 57.2 in August, highlighting the weakest rate of expansion since March.

Services across the country have been hit as public sector bank workers revolt against privatisation.

The seasonally adjusted India Services Business Activity Index surged to 56.7 in August, up from 45.4 in July, IHS Markit said.

IHS Markit said although service providers foresee renewed activity over the next 12 months, the overall degree of optimism has weakened to the lowest since last August.

Data released by analytics firm IHS Markit showed that the Purchasing Managers’ Index (PMI) for the services sector declined to 54 in April from 54.6 in the preceding month.

Asia’s third-largest economy has been gradually recovering from a coronavirus-induced recession but is not expected to return to pre-pandemic levels soon, especially within the service industry - the engine of economic growth and jobs in the country.

All three model standing orders encourage employers to use information technology in the dissemination of information to the workers through electronic mode.

Top industry leaders were invited to layout challenges and share a potential roadmap for creating a self-sufficient nation with respect to industrial output, skill enablement, and service-sector growth

Demand for expensive handbags, cars and watches bounced back once affluent consumers could emerge from their homes and spend some of the money they saved during lockdown.

The finance ministry said positive signs were visible across sectors like agricultural procurement, fertiliser sales, energy consumption, freight movement, digital transactions and forex earnings.

To contain the spread of coronavirus the government had imposed nationwide lockdown from March 25. From June 1, India has started phased resumption of services and businesses.

Still, activity picked up a shade in May with the services Purchasing Manager’s Index (PMI) reading at 12.6, slightly better than the record 5.4 low reported in April, but still well below the 50-mark that separates contraction from expansion, according to data released by IHS Markit.

The epidemic has hit the PLA’s recruitment drive, and stalled production at weapons manufacturing institutes

The government must also intervene if firms are exploiting vulnerable workers

The recent reductions in GST rate will cost the Goa government ₹100 crores. Reduction in GST rates for restaurants connected with hotels will only add to the burden.

The central bank has slashed rates by 110 basis points this year to spur growth.

The government should create new capitals in both UTs. Construction and tourism will be the big sectors for now

The recently released Environment Status Report (ESR) for 2018-19 by Pune Municipal Corporation states that residents prefer air travel over train and bus.

Economic Survey 2019: Finance Minister Nirmala Sitharaman tabled the Survey in Rajya Sabha a day before the maiden Union Budget of the new Narendra Modi government.

In a research paper, Subramanian, who stepped down last year, said India’s economic growth rate has been overestimated by around 2.5 percentage points between 2011-12 and 2016-17.

One big hurdle is the availability of the right kind of talent. Therefore, it is critical to reskill the existing workforce

While overall demand remained subdued, expectations of a financial package for farmers in the government’s February 1 interim budget is stoking hopes for a revival in rural consumption. Here’s a breakdown of the dashboard:

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