Sensex

up-green-arrow

Nifty

up-green-arrow

USDINR

down-red-arrow

GBPINR

down-red-arrow

EURINR

down-red-arrow

Economy News
Close

News on Indian Economy and Sectors, which have impacts in the market.

 
India Services growth subdued despite spike
03-Sep-26 11:28Hrs IST

India’s services sector saw an improvement in business activity in August, with the HSBC India Services PMI Business Activity Index rising to 54.1 from 53.3 in July. Despite this increase, the growth was among the weakest in over four years and remained below the long-run average of 54.5. New business inflows strengthened due to customer demand and marketing efforts, while international demand held steady, and new export orders rose at the same pace as in July. Employment rose to a 15-month high as companies hired to enhance customer service and digital operations. The HSBC India Composite PMI Output Index stayed at 54.3, indicating moderate private-sector growth. Aggregate employment increased significantly, and input cost inflation dropped to a seven-month low, though charge inflation picked up to its highest level since April.

Attention Investor :

"Prevent unauthorised transactions in your account ; Update your mobile numbers/email IDs with Us. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day” - Issued in the interest of Investors"

"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."

"No need to issue cheques by investors while subscribing to Equity IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

"Contents which are exclusively for Non-Broking Products/Services, "Mutual Fund, Mutual Fund-SIP, Research reports, Insurance, etc. where the Member is just a distributor. These are not Exchange traded product and the Member is just acting as distributor. It should also state that all disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism."

A Muthoot M George Enterprise