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Nifty IT index closed down 1.98% at 27846.8 today. The index has lost 4.00% over last one month. Among the constituents, Tata Consultancy Services Ltd fell 2.47%, Mindtree Ltd shed 2.40% and L&T Technology Services Ltd slipped 2.39%. The Nifty IT index has decreased 18.00% over last one year compared to the 2.73% spike in benchmark Nifty 50 index. In other indices, Nifty Energy index […]

On 6 September 2022

Business Wire India Mr. Bose K. Varghese, Senior Director — ESG Practice, Cyril Amarchand Mangaldas Mr. Bose K. Varghese has joined Cyril Amarchand Mangaldas (cam) as a Senior Director – ESG Practice. He will be spearheading the Firm’s ESG practice across offices and will be based at Mumbai. Mr. Varghese has over 32 years of experience. Before joining the Firm, he was with Infosys Limited as […]

The Reserve Bank of India showed credit growth to industry accelerated to 10.5 per cent in July 2022 from 0.4 per cent in July 2021. Size-wise, credit to large industry grew by 5.2 per cent against a contraction of 3.8 per cent a year ago. Medium industries recorded credit growth of 36.8 per cent in July 2022 as compared with 59.0 per cent last year, […]

On 2 September 2022

The S&P Global Eurozone Manufacturing PMI? fell to 49.6 in August, down from 49.8 and further beneath the 50.0 mark that separates growth from contraction. Overall, this was the lowest reading since June 2020 and signaled a second successive deterioration in manufacturing operating conditions. The eurozone manufacturing sector continued to contract midway through the third quarter. Output fell at a similar pace to that seen […]

In July 2022, the euro area seasonally-adjusted unemployment rate was 6.6%, down from 6.7% in June 2022 and from 7.7% in July 2021. The EU unemployment rate was 6.0% in July 2022, down from 6.1% in June 2022 and from 6.9% in July 2021. These figures are published by Eurostat, the statistical office of the European Union. Eurostat estimates that 12.959 million men and women […]

The seasonally adjusted S&P Global / CIPS UK Manufacturing Purchasing Managers Index? (PMI?) fell to 47.3 in August, down from 52.1 in July but above the flash estimate of 46.0. This is the first sub-50.0 PMI reading since May 2020. August saw manufacturing production suffer its steepest contraction since May 2020. Companies experienced a sharp reversal in new orders, with demand from domestic and overseas […]

Eicher Motors total motorcycles (Royal Enfield) sales soared 53% to 70,112 units in August 2022 as against 45,860 units sold in the same period last year.

To 6 September 2022