‘Mayank Yadav was born to terrorise batters, pace can't be bought in market’: Kagiso Rabada
“Mayank Yadav doesn't need to change the working formula. It's about having the right balance of trying to be a step ahead…”, said Kagiso Rabada. | Cricket Key Points
Hindustan TimesBusiness activity in Feb accelerated to seven-month high on solid demand
Indian business activity expanded in February at its fastest pace in seven months, according to HSBC's flash India Composite Purchasing Managers' Index (PMI), which rose to 61.5 from January's final reading of 61.2. The data showed strong demand for both manufacturing and services, with new export orders rising sharply. Key Points
Economic TimesIndia crush South Africa by eight wickets in opening ODI
India's pace bowlers, Arshdeep Singh and Avesh Khan, dominated as they led their team to an eight-wicket victory over South Africa in the opening One-Day International at the Wanderers. Avesh Khan took 4 wickets for 27 runs, and Arshdeep Singh claimed 5 wickets for 37 runs as South Africa were bowled out for 116 in 27.3 overs. Key Points
Economic TimesNasa pace mission is set to unravel how smoke, dust shape Earth's climate
Aerosols — tiny airborne particles such as sea salt, smoke, dust, and pollutants — play a critical role in shaping our planet's climate. They scatter and absorb sunlight, influencing how much solar energy reaches the Earth's surface. Key Points
India TodayIndia's manufacturing PMI hits 31-month high, as factory orders surge on robust demand conditions
Manufacturing sector in India continues to grow from strength to strength as data showed that factory output expanded at the quickest pace in the last 31 months on strong demand and output. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, rose to over a 2-1/2 year high of 58.7 in May from April's 57.2. Key Points
Economic Times
India's May factory activity grows at fastest pace since October 2020
India Business News: India's Manufacturing Purchasing Managers' Index rose to 58.7 in May, its highest level since October 2020, driven by strong demand and output. Firms Key Points
Times Of IndiaIndia's manufacturing PMI at 4-month high in April on output & new orders' growth
India's factory activity expanded at its quickest pace in four months in April, driven by solid growth in new orders and output, a private survey showed on Monday, signaling resilient demand and an encouraging outlook. The survey results suggest India will continue to be one of the fastest-growing major economies despite slowing global growth that has undermined momentum across several other countries. Key Points
Economic TimesIndia business growth at four-month high in January: PMI
India's business activity expanded at the fastest pace in four months in January, according to HSBC's flash India Composite Purchasing Managers' Index (PMI). The PMI rose to 61.0, its highest since September, indicating economic growth. The manufacturing PMI increased to 56.9, and the services industry PMI rose to 61.2, both showing accelerated activity. Key Points
Economic TimesIndia's capex cycle isn't on a durable mode yet: Report
The pace of new investment projects announced in India slowed in Q2 2023, with the Centre for Monitoring the Indian Economys data showing it decreased to around Rs 6 trillion from Rs 12.2 trillion in Q1. Nomura analysts Sonal Varma and Aurodeep Nandi noted that quarterly fluctuations aside, new investments remained low by historic standards. Key Points
Economic TimesUS fourth quarter economic growth handily beats expectations
International Business News: The US economy grew faster than expected in the fourth quarter amid strong consumer spending, defying recession predictions. Gross domestic product in the last quarter increased at a 3.3% annualized rate. Find out more about the factors contributing to the economy's resilience. Key Points
Times Of India
Chetan Sharma resigns after TV sting operation
Former India pace bowler Chetan Sharma has resigned from the post of chairman of the senior selection committee following a sting operation by a news channel. “Chetan has tendered his resignation to BCCI secretary Jay Shah. His position had become untenable. He resigned voluntarily,” a B Key Points
The Tribune IndiaUS economy grows 5.2% in third quarter; higher interest rates eroding momentum
Gross domestic product increased at a 5.2% annualized rate last quarter, revised up from the previously reported 4.9% pace, the Commerce Department's Bureau of Economic Analysis (BEA) said in its second estimate of third-quarter GDP Key Points
Business TodayIndia’s factory employment crossed pre-pandemic level in FY22, investment also picked up pace
India's factory employment grew by 7% in FY22, surpassing the pre-COVID level, as per the Annual Survey of Industries. Investments and output also increased, indicating the country's recovery from the pandemic. The manufacturing sector showed resilience after the adverse effects of the pandemic, with a marginal fall in employment in 2020-21. Key Points
Economic TimesUS hiring cooler than expected in July, unemployment dips
Job creation in the United States was lower than anticipated in July, according to government data released Friday, hovering at the slowest pace since late 2020 in encouraging news for policymakers. The world's biggest economy added 187,000 jobs last month, slightly above the 185,000 figure in June after a downward revision, said the Department of Labor. Key Points
Economic TimesS&P Global PMI signals Indian manufacturing hit a four-month peak in April
For India’s manufacturing sector, new orders and production levels recorded their strongest growth so far in 2023 during April as per the seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index (PMI), which rose to 57.2 from 56.4 in March. Key Points
The Hindu
Business activity rises to 8-month high in March
The HSBC Flash India Composite PMI Output Index rose to 61.3 in March from 60.6 in February. The increase was led by manufacturing output, which expanded at its fastest pace of 63.5 in nearly three and a half years from 60.7 in February. Manufacturing PMI, which represents private activity in the sector, rose to 59.2 compared with 56.9 in the previous month. Key Points
Economic TimesIndia's March business activity ends fiscal year on strong note
India's economy surged in March, marking its fastest expansion in eight months per HSBC's PMI. Manufacturing led growth, hitting its highest level since 2008, with robust demand and strong exports. Despite rising prices, optimism for the year ahead increased, fostering hiring. However, inflationary pressures may deter rate cuts by the Reserve Bank. Key Points
Economic TimesIndia’s economy remains resilient despite global economic slowdown. Here’s proof
India's factory activity expanded at its quickest pace in four months in April, according to a private survey. This was driven by strong growth in new orders and output and signals resilient demand and an encouraging economic outlook. Key Points
India TodayHow pace battery ensuring Team India's dream run in this Cricket World Cup
This is probably the best pace bowling attack in the world at the moment, and has given a great opportunity to captain Rohit Sharma to bolster Team India's chances to win this World Cup. Former Sri Lanka batter and current batting coach Naveed Nawaz showered praise on India's pace attack. Nawaz said, Bumrah, Siraj, and of course Shami. They're very skillful. They always get the batsman to play, and the stumps are always attacked. They can swing the ball both ways. It may be one of the best bowling attacks for India in recent times. Key Points
Economic TimesNASA’s New pace Observatory Searches for Clues to Humanity’s Future
They may be tiny, but phytoplankton and aerosols power pivotal Earth systems. Scientists are about to learn a whole lot more about them at a critical time. Key Points
WIRED
US third-quarter economic growth revised up to 5.2%
The U.S. economy's third-quarter growth was revised upwards to a 5.2% annualized rate, exceeding the previously reported 4.9%. The Commerce Department's Bureau of Economic Analysis released the second estimate, indicating the fastest expansion since Q4 2021. The revision was attributed to upgrades in business investment, state and local government spending, and residential investment. Key Points
Economic TimesSamvat 2080: Why Reliance & Poonawalla Fincorp are top picks for Dharmesh Kant
“Any cut in the interest rate will further fuel the lending side of the business and that is the reason why we have picked it up. From a target perspective, around Rs 450 is the target we are expecting on Poonawalla Fincorp from at least a year of holding. Price to book, it is expensive but that is how it is with the companies which are growing at a scorching pace.” Key Points
Economic TimesIndia's services growth defies inflation pressures but falls to 61.2 in May from 62 in April
The services sector accounts for more than 50% of India's GDP. Asia's third-largest economy expanded 6.1% in the March quarter, one of the fastest-growing emerging markets. Key Points
ThePrintApple set for record high ahead of mixed-reality headset launch
Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. Key Points
mintFresh batting blues for Prithvi Shaw
The young DC opener was praised as being set for a big IPL season by coach Ponting. All that confidence has dissipated after failing in his first three innings. | Cricket Key Points
Hindustan Times
India's March manufacturing activity hits 3-month high even as job cuts resume
India's manufacturing sector expanded at its quickest pace in three months in March on improved output and new orders, although firms shed jobs for the first time in over a year, a private business survey showed. The Manufacturing Purchasing Managers' Index compiled by S&P Global increased to 56.4 in March from February's 55.3 Key Points
Economic TimesDe Kock fifty, Mayank Yadav's fiery pace give LSG 28-run win over RCB
In the IPL match between Lucknow Super Giants and Royal Challengers Bengaluru, Quinton de Kock's fifty and pace sensation Mayank Yadav's youthful brilliance led to a 28-run victory for the hosts. Lucknow's 181 for five was built around De Kock's 81 and Nicholas Pooran's unbeaten 40. RCB threatened to scale 182 briefly, but Mayank's three-wicket haul of 3/14) was not to be denied. Lucknow's chase never really took off, partly due to their own follies and partly due to the excellence of Lucknow bowlers. Key Points
Economic TimesIndia’s manufacturing growth hits 18-month low in December
Demand softened slightly last month and the new orders sub-index fell to 57.3 since June 2022. At the same time, the output rose at the slowest pace in 14 months. Key Points
India TodayUS economy expands by robust 4.9% in Sept qtr
The US economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. The Commerce Department said the economy expanded last quarter at the fastest pace in more than Key Points
The Tribune IndiaIndia to be a developed nation, modernising infra at rapid pace, says R K Singh
Union Minister R K Singh on Friday said India is poised to become a developed nation, as the country is modernising its infrastructure at a rapid pace. Addressing a press conference Singh said, Now we are transforming ourselves into a developed country. We will be a developed country. Key Points
Economic Times
Technical Analysis: Nifty down, but not out
The US economy would eventually slow down and may enter a mild recession. India, on the other hand, would continue to grow at a robust pace and stand out among the larger global economies. Key Points
FinancialexpressKings get the crown! PBKS make it two in two as they defeat RR in nervy win at Barsapara
The ‘men in pink’ suffered major setbacks in powerplay itself. Superb pace attack by Arshdeep Singh got rid of both openers. Key Points
FinancialexpressIhsanullah: The boy from Swat in Pakistan who’s hit stardom at the speed of 152.65 kph
In a land blessed with perennial fast-bowling surplus, a mid-140 kph pacer isn't very unique. But super-fast Ihsanullah is slowly turning heads, one shattered stump at a time. The Multan Sultan pacer, who bowled the fastest ball of PSL, can also be the highest wicket-taker Key Points
The Indian ExpressIndia manufacturing PMI growth in February at slowest pace in 4 months
S&P Global India Manufacturing Purchasing Managers’ Index (PMI) was at 55.3 in February, little-changed from 55.4 in January Key Points
mint‘Tech sector at $254bn in year of uncertainty’
India’s technology and tech services industry is expected to end FY24 with $253.9 billion net revenues, up by 3.8% from a year earlier in a difficult year for bellwether IT services companies Key Points
mintIndia's Jan services PMI hits 6-month high amid strongest upturn in new business since mid-2023
New Delhi, Feb 5 (PTI) The services sector growth in India rose to a six-month high in January as new business expanded at a faster pace amid buoyant demand from domestic and external clients, a monthly survey said on Monday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose to 61.8 in January, […] Key Points
ThePrintIndia’s services activity books fastest growth rate in 13 years on strong demand: PMI data
S&P Global's India services purchasing managers' index rose to 62.3 in July from June's 58.5, confounding expectations in a Reuters poll for a dip to 58.0. While Indias manufacturing sector PMI dipped to 57.7 in July, robust services activity propelled the overall S&P Global India Composite PMI Output Index to a 13-year high of 61.9. Key Points
Economic TimesJapan's service activity maintains firm pace as demand picks up: PMI
The final au Jibun Bank Japan Services purchasing managers' index (PMI) fell to a seasonally adjusted 54.0 last month from a record-high 55.9 in May. Key Points
Business TodayIndustrial growth slows to a three-month low of 3.7% in June
“The sequential slowdown was led by the manufacturing sector, while the mining and electricity sectors witnessed an improvement in their growth performance amid deficient rainfall in the month,” said Aditi Nayar, chief economist, Icra. Manufacturing, which has a weight of 77.6% in the Index of Industrial Production, grew at its slowest pace of 3.1% in three months, even as electricity and mining outperformed, showed a government data release on Friday. Key Points
Economic TimesIPL 2024: pace sensation Mayank Yadav gets golden advice from Ishant Sharma, says 'never compromise on speed..'
During a match wit Royal Challengers Bangalore on 2 April, Mayank delivered a ball at a speed of 156.7 kmph, which is the fastest in this IPL season. Key Points
mint
Private sector activity rises to eight month high of 61.3 in March
Indias private sector output rose to its highest level in eight months to 61.3 in March compared with 60.6 in the previous month, according to results of a private survey released Thursday. Key Points
Economic TimesJapan avoids technical recession as Q4 GDP revised up to slight expansion
Japan’s gross domestic product (GDP) expanded at an annualized pace of 0.4% in the October-December quarter, the revised data by Cabinet Office reported on Monday, better than the initial estimate for a 0.4% contraction. Key Points
mintPassenger vehicles industry to grow up to nine percent this fiscal, says ICRA
The report said that dealer inventories remain high despite strong retail sales, and the pace of growth is expected to taper off in the coming financial year. ICRA said that during the recently concluded festive season, retail sales grew six percent year-on-year. Key Points
Economic TimesThree things follow from GOI’s latest GDP figures
India's pace of economic expansion is accelerating, giving a shot in the arm to GOI's credibility, encouraging private industry, and giving RBI leeway in stabilizing the rupee. Inflation has also collapsed, and the share of food in the consumption basket has declined. The rise in investment signals economic growth sustainability. Key Points
Times Of IndiaRecession impact: Japan's February factory activity extends declines
Japan Recession: The flash au Jibun Bank Japan manufacturing purchasing managers' index (PMI) fell to 47.2 in February from 48.0 in January. Key Points
Hindustan TimesIndia's manufacturing sector growth climbs to four-month high in Jan on sharper upturn in new orders
New Delhi, Feb 1 (PTI) India’s manufacturing sector growth climbed to a four-month high in January as a sharper upturn in new orders boosted output growth amid mild cost inflation, a monthly survey said on Thursday. The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) recovered from an 18-month low of 54.9 in December […] Key Points
ThePrintIndia services PMI rises to 3-mth high in December as input inflation hits 40-month low
India's services activity increased in December 2023, driven by demand, job creation, and business optimism, according to a private survey. The HSBC India Services Purchasing Managers' Index rose to 59.0, marking 29 consecutive months of expansion. The survey cited positive economic conditions and demand trends as key determinants of output growth Key Points
Economic TimesIndia's passenger vehicle sales set to gain further momentum
After a historic 27% growth in FY23 with 3.9 million units sold, passenger vehicle (PV) sales in India are expected to grow at a moderated pace of 6-8% in FY24, according to an Olx Crisil Mobility report. Over the long term (5-year period), a healthy growth rate of 5-7% CAGR is projected. India's PV sales continue to advance at a brisk pace. For the third straight year, most other markets, which have seen sales inch up year on year, are still struggling to reach the pre-pandemic levels. Key Points
Economic TimesOil demand growth in India to taper in 2024 after bumper years
Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev. The drop will return growth near the pace seen from 2011 to 2019, he said. The International Energy Agency, meanwhile, sees growth halving to 100,000 barrels a day, as per its November report. Key Points
Economic TimesForeign funds are selling Indian stocks at fastest pace in months
Overseas funds sold $768.4 million of local shares last Thursday alone, the biggest single-day outflow since June 2022 on a net basis, according to the latest data compiled by Bloomberg. Overall, they have withdrawn $1.2 billion in the week through Oct. 26, with Fridays data yet to be released. Thats already the largest withdrawal in any week since early February. Key Points
Economic Times