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The monetary policy is largely on expected lines.

The purchasing managers index (PMI) for Chinas manufacturing sector came in at 50.1 in September, up from 49.4 in August, data from the National Bureau of Statistics showed Friday. The sub-index for production reached 51.5 in September, up 1.7 points from the previous month. Demand continued to improve, as the sub-index for new orders rose 0.6 points from August to 49.8. The PMI for Chinas […]

At meeting held on 30 September 2022

Industrial production in Japan was up a seasonally adjusted 2.7 percent on month in August, the Ministry of Economy, Trade and Industry reported. On a yearly basis, industrial production climbed 5.1 percent, exceeding expectations for a gain of 2.0 percent following the 1.8 percent contraction in the previous month. Powered by Commodity Insights

As per Knight Frank affordability index will deteriorate by another 2%, post today's hike.

Nestle India announced that David Steven McDaniel, Executive Director – Finance & Control and Chief Financial Officer, shall demit office effective from 1 March 2023. McDaniel will be taking up a new assignment with a Nestl? Affiliate. Svetlana Boldina, currently Head of Finance and Control, Nestl? Indonesia, has been nominated to succeed David McDaniel as ?Executive Director – Finance & Control and Chief Financial Officer? […]

Zydus Lifesciences on Friday announced that Zydus Animal Health and Investments, a wholly owned subsidiary of the firm received two observations after the pre-approval inspection by USFDA at its Ahmedabad manufacturing facility.

Heritage Foods Ltd, Schneider Electric Infrastructure Ltd, Adani Green Energy Ltd and Granules India Ltd are among the other gainers in the BSEs A group today, 30 September 2022.

The FMCG major on Friday (30 September 2022) said that David Steven McDaniel, executive director - finance & control and chief financial officer (CFO), shall demit office effective from 1 March 2023.

Announcement of a discussion paper on securitization of stressed assets, expected credit loss framework for loan loss provisioning for banks, a welcome step to develop a more robust banking culture.