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SERVICES ACTIVITY AUGUST 2023
India services activity expands in August, but growth remains near four-year lowThe services sector in India showed an uptick in August, spurred by increased business and consumer demand. However, this expansion was onl...
Recruitment Scam: Karnataka Suspends IAS Officer Gyanendra Gangwar after CID Arrest, ED ScrutinyIn a significant move, an IAS officer has been suspended after being arrested for alleged misconduct linked to KPSC recruitment. Gyanendra ...
Strong demand boosts US services sector activity in AugustU.S. services sector activity grew in August, with new orders reaching a 3-1/2-year high. Input prices also increased, suggesting inflation...
Global Market: Eurozone services growth slows in August, but private sector remains steadyEurozone services growth eased to a two-month low in August, but resilient domestic demand and improving manufacturing activity kept overal...
India's services growth picks up in August but stays near four-year low, PMI showsIndia's services sector saw a slight acceleration in August, though new business growth remained subdued. Overall activity stayed near its ...
Gold treads water ahead of US nonfarm payrolls reportGold prices held steady during the early hours of Thursday’s Asian trading. Investors are closely monitoring the upcoming U.S. nonfarm payr...
Healthy consumption: GST collections surge to Rs 2 lakh crore, car sales jump 36%India's economic indicators showed resilience and growth in August. Goods and services tax collections rose 14.8 percent to ₹2 lakh crore. ...
US private payrolls growth slows in August, ADP report saysU.S. private payrolls saw a moderate increase in August, adding 38,000 jobs. This figure fell short of economists' expectations for job gro...
BSE shares slip 3% after exchange flags CAS-driven volume declineBSE shares fell dropped on Wednesday after the exchange acknowledged that the newly introduced Closing Auction Session (CAS) had contribute...
NSE, BSE equity derivatives turnover hits multi-month low in August amid CAS volatilityAugust saw a significant dip in equity derivatives turnover on the NSE and BSE, reaching multi-month lows. Analysts connect this downturn t...
GST, auto sales, UPI data point to resilient growth in AugustIn August, India's GST collections rose by 14.8%, totaling ₹2 lakh crore. The surge in bulk car sales by 36% indicates robust consumer enth...
India manufacturing PMI falls to 5-year low in August as demand weakensIndian manufacturing faced its lowest growth rate in five years during August, characterized by a slowdown in output and new orders amid di...
Petrol, diesel sales soar on erratic monsoon rains, LPG demand shifts to piped gasIndia’s petrol and diesel sales surged in August as erratic monsoon rainfall increased demand from farmers and motorists. Petrol consumptio...
Tata Motors commercial vehicle sales up 49% in August at 44,411 unitsTata Motors reported a forty-nine percent growth in total commercial vehicle sales. Domestic commercial vehicle sales increased by thirty-t...
India's gross GST revenue up 14.8% on year to nearly Rs 2 lakh crore in AugustIndia’s gross GST revenue rose 14.8% year-on-year to Rs 1.99 lakh crore in August 2026, up from Rs 1.74 lakh crore a year earlier. However,...
China factory output falls second straight monthThe manufacturing purchasing managers' index (PMI) stood at 49.8 in August, according to the National Bureau of Statistics, remaining below...
Microsoft Outlook down: Thousands hit by email outage as users unable to send, receive or open messagesOn Monday morning, Microsoft Outlook users encountered significant email access difficulties due to an authentication glitch linked to Exch...
Delhi's August: Above-normal rain, warm nights, and three-year high AQIDelhi received significantly more rainfall than usual this August. Day and night temperatures remained notably high throughout the month. T...
US consumer sentiment drops in August on inflation worriesIn August, U.S. consumer sentiment took a hit, largely due to ongoing inflation concerns and the escalating conflict in the Middle East. Th...
Banks & legal eagles quietly revive foreign family officeSome large private banks and law firms are assisting Indian families with offshore family offices. These institutions are navigating regula...