Articles for Services Sectors

Sensex, Nifty end higher as banking stocks rally on RBI rate cut hopes
3 weeks ago

Sensex, Nifty end higher as banking stocks rally on RBI rate cut hopes

India Today  

Benchmark stock market indices closed higher on Wednesday, maintaining their positive momentum fuelled by gains in banking sector stocks over a possible rate cut in the RBI MPC announcement on Friday. Vinod Nair, Head of Research, Geojit Financial Services said that the domestic market maintained a positive trajectory, despite some volatility stemming from mixed sentiments in Asian markets due to …

Market Bank Nifty Sector End Higher
Private sector activity grew at 10-month low pace in September
2 months, 3 weeks ago

Private sector activity grew at 10-month low pace in September

The Hindu  

Growth in India’s private sector activity slowed to a ten-month low this September, as per the HSBC India Composite Output Index, which slipped from 60.7 in August to 58.3 last month, as factories and services players clocked a reduction in momentum. While manufacturing sector activity mellowed in September, with factory output and sales growing at the slowest pace so far …

India Low Hsbc Output Index Services Sectors
Indian economy expected to grow at 7% in 2022-23, says government data
1 year, 11 months ago

Indian economy expected to grow at 7% in 2022-23, says government data

The Hindu  

India’s real GDP is expected to grow 7% in 2022-23, slowing from 8.7% in FY22, as per the First Advance Estimates of National Income for the year released by the National Statistical Office on Friday. For the full year, gross value added is expected to rise 6.7%, compared with 8.1% in 2021-22, with trade, hotels, transport and communication services recording …

Expected Nso Gva Grow
Manufacturing gets the Centre’s incentive nudge
4 years, 1 month ago

Manufacturing gets the Centre’s incentive nudge

Live Mint  

Despite several measures taken by the Centre to boost manufacturing, it is the services sector that has contributed most to growth. A relatively low rate of productivity and lack of adequate supply of electricity at competitive rates have also kept growth in India’s manufacturing sector depressed over the years. Lately, the government also took steps towards straightening out structural issues …

India Manufacturing Companies Centre Sector Pli
Automotive and Real Estate Sectors Need Suspension of GST For At Least 6 Months: PwC Report
4 years, 2 months ago

Automotive and Real Estate Sectors Need Suspension of GST For At Least 6 Months: PwC Report

News 18  

As the pandemic has severely hit businesses and more so in the case of automobiles, hospitality and real estate sectors, a PwC report has suggested the suspension of Goods and Services Tax on these sectors for a minimum of six months. The report titled “Reimagining GST@3" said that such a measure will provide much-needed cash liquidity to these sectors and …

Real Estate Tax Gst Sectors Pwc
Changing hiring scenario: Which industries are still going strong in the Covid-19 era?
4 years, 3 months ago

Changing hiring scenario: Which industries are still going strong in the Covid-19 era?

India Today  

The last few months has undoubtedly been the most harrowing time for businesses around the world with economic recession like never experienced before. With news, reports, and surveys coming up every other day on the changing dynamics at the hiring front, continuous spike in the unemployment rate and pay-cuts, the Covid-19 pandemic has put the entire recruitment industry under extreme …

Demand Era Changing Hiring