Latest News

December factory activity growth hits 2024 low, PMI shows

BENGALURU, Jan 2 (Reuters) – India’s manufacturing activity grew in December at its weakest pace for the year amid softer demand and despite easing cost pressures and strong jobs growth, a survey showed, dulling the outlook for the start of 2025. That confounded a preliminary reading showing faster expansion last month in a sector that accounts for about a fifth of overall output in Asia’s third-largest economy, which grew at its weakest pace in seven quarters in July-September. The HSBC final India Manufacturing Purchasing Managers’ Index compiled by S&P Global, fell to 56.4 – the weakest since December 2023 –

27 IAS, 45 IPS and 29 IFS officers promoted in Rajasthan

Jaipur, Jan 1 (PTI) The Rajasthan government has issued orders to promote 27 IAS, 45 IPS and 29 IFS officers, according to a Department of Personnel order. The order released on Tuesday, PWD Principal Secretary Praveen Gupta and PHED Principal Secretary Bhaskar A Sawant have been promoted to the post of Additional Chief Secretary. Chief Minister’s Joint Secretary Siddharth Sihag has been promoted as Special Secretary while his wife Rukmini Riyar was promoted from junior pay scale to selection pay scale Both are 2012-batch IAS officers. Barmer Collector Tina Dabi, a 2016-batch IAS officer, and her sister Riya Dabi, a

Air India will increase its global coverage in years ahead: CEO Campbell Wilson

New Delhi, Jan 1 (PTI) Air India has covered a lot of ground since privatisation and its global coverage will further increase in the years ahead, the airline’s chief Campbell Wilson said on Wednesday. He also said the interior refit of the single-aisle fleet, serving domestic and short-haul international destinations, is underway, and will be completed by mid-2025. Loss-making Air India was acquired by the Tata Group from the government in January 2022, and is undergoing an ambitious five-year transformation plan. In 2024, Air India completed the merger of Vistara with itself as well as integration of Air India Express

Rupee ends at record closing low against US dollar for seventh straight session

MUMBAI, Jan 1 (Reuters) – The Indian rupee weakened slightly on Wednesday, pressured by dollar bids from importers, which pushed the currency to a record closing low for the seventh consecutive session and affirmed the depreciation bias on the local unit. The rupee closed at 85.6450 against the U.S. dollar, down from its close of 85.6150 in the previous session. Global cues were muted on the day, with most markets shut for the New Year holiday. While the first trading session of 2025 was relatively lacklustre, traders expect the rupee to remain under pressure in the near term due to

1 … 1,137 1,138 1,139 1,140 1,141 … 1,594