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SEPTEMBER MANUFACTURING DATA
India's manufacturing PMI hits 7-month high in September as domestic, export demand strengthenIndia’s manufacturing activity accelerated to a seven-month high in September, with the HSBC PMI rising to 55.1 from 52.8 in August as stro...- GST collections remain strong, but faster import growth needs watching: Tax expertsIndia's GST collections remained strong, rising to Rs 2.04 lakh crore in September, however experts express concern over the wide gap in ta...
- Eurozone factory growth hits four-year high in September on strong demandEurozone manufacturing growth accelerated to a four-year high of 52.9 in September, driven by robust demand for capital goods and rising ex...
- Foreign capital is slipping away. Can India lure investors back?India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manuf...
- India's Gross GST collection ticks up 14.7% in September to Rs 2.04 lakh croreThe Indian government reported a 14.7% increase in GST collections for September 2023 compared to last year. Maharashtra topped the states ...
- Gold prices flat ahead of US jobs dataAs Asia's trading day commenced, gold prices remained steady while market participants awaited the critical US jobs data release. This info...
- Electric two-wheeler sales cross 15 lakh in just nine months as adoption rocketsE2W registrations rose 7.7% month-on-month to 1.97 lakh units in September, taking cumulative registrations in January-September to 15.61 l...
- Avalon Tech block deal: Promoters divest 6% stake worth Rs 871 croreAvalon Technologies saw an Rs 870.6 crore bulk deal as three promoter entities sold 40.08 lakh shares, representing 6% equity. Kotak Mahind...
- Tesla lines up $30 billion credit lines as capex, AI push accelerateTesla has now secured credit agreements amounting to $30 billion to finance its upcoming projects. The company plans to invest heavily in A...
- Global Market: China factory activity returns to growth in September as AI boom supports industrial sectorChina’s factory activity returned to growth in September, with the official manufacturing PMI rising above the expansion threshold. Strong ...
- Avalon Tech shares fall 6% after Rs 883 crore block deal; 3 promoter entities likely sellersAvalon Technologies shares sharply on Wednesday after an Rs 883 crore block deal involving 6.06% of the company’s equity. Three promoter en...
- AI infra firm Accelevation, shareholders raise $540 million in US IPOAccelevation and selling shareholders raised $540 million in a US initial public offering, the private equity-backed data center infrastruc...
- China factory activity returns to growth in September as AI boom supports industryChina's manufacturing sector showed signs of recovery with a manufacturing purchasing managers' index of 50.1 in September. This marks an i...
- Gold heads for monthly decline, US inflation data loomsOn Wednesday, gold prices remained stable, although they are poised for a monthly decline. Market participants are scrutinizing US inflatio...
- IIP growth comes in at 8% in August compared with 7.4% in JulyManufacturing set a record by growing at 8% or more in the past three consecutive months.
- Indian rupee, bonds vulnerable to oil pangs on waning Iran diplomacy hopesThe Indian rupee and government bonds are set to face challenges as oil prices climb. Global bond yields have surged to multi-year peaks, c...
- How AMD went from Intel’s smaller rival to a $1 trillion AI contenderAMD achieved a $1 trillion market capitalisation as of September 21. The company’s rise is attributed to its success in AI computing and pr...
- US business activity expands fastest in five yearsRespondents primarily blamed higher fuel and transport costs, though a pickup in wages was also noted by many firms. "Business is clearly b...
- Global Market: UK business growth cools as inflation pressures build in SeptemberBritish business activity weakened in September, with the services PMI falling to a three-month low while inflationary pressures intensifie...
- UK business activity cools as inflation pressure ramps up, PMI showsBritish business activity growth has slowed this month amidst pressures of inflation, showed a S&P Global survey on Wednesday. Prices charg...
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