‘July services sector PMI signals rapid fall in output’

The IHS Markit India Services Business Activity Index registered 34.2 in July. Even after rising slightly from 33.7 in June, it signalled a further rapid reduction in service sector output, it said.Want to know more on ‘July services sector PMI signals rapid fall in output’ click here go to market news source. Market news summary from The Indian Express Market News.Author:

Global rally in precious metals, safe-haven demand push gold above Rs 55,000 mark

In global markets, gold prices had hit a new high by rising above the psychological $2,000 mark. Analysts said a weaker dollar, expectations of more stimulus and rising coronavirus cases boosted the safe-haven demand of gold.Want to know more on Global rally in precious metals, safe-haven demand push gold above Rs 55,000 mark click here go to market news source. Market news summary from The Indian Express Market...

DGFT in ‘overhaul’ mode to address trade issues

The body is working in consultation with the industry to augment domestic manufacturing and boost exports in several electronics and hardware items, especially those in the healthcare and pharmaceutical sector.Want to know more on DGFT in ‘overhaul’ mode to address trade issues click here go to market news source. Market news summary from The Indian Express Market News.Author:

Uber to hire 140 engineers in India for expanding tech, product teams

In May, Uber had announced laying off about 600 employees in India - about a quarter of its staff in the country - as business had taken a major hit amid COVID-19 pandemic.Want to know more on Uber to hire 140 engineers in India for expanding tech, product teams click here go to market news source. Market news summary from The Indian Express Market News.Author:

Bridgestone to cut almost $2 billion in costs to ride out virus

Half of the reductions will come from reduced advertising and events, and another half from fewer investments this year, we all as other cuts, Bridgestone Corp's Chief Executive Officer Shuichi Ishibashi said in a recent interview.Want to know more on Bridgestone to cut almost $2 billion in costs to ride out virus click here go to market news source. Market news summary from The Indian Express Market News.Author:

Mahindra & Mahindra to launch an all-new version of Thar on August 15

The all-new Thar will be a quantum leap in terms of technology, comfort and safety features compared to the previous generation without compromising on the vehicle's core promise - off-road capability and its iconic design, M&M said in a statement.Want to know more on Mahindra & Mahindra to launch an all-new version of Thar on August 15 click here go to market news source. Market news summary from...

Rupee surges 17 paise to 74.87 against US dollar in early trade

At the interbank forex market, the domestic unit opened at 74.93 against the US dollar, gained further ground and touched 74.87 against the US dollar, registering a gain of 17 paise over its previous close.Want to know more on Rupee surges 17 paise to 74.87 against US dollar in early trade click here go to market news source. Market news summary from The Indian Express Market News.Author:

India’s services activity contracted for fifth straight month in July – PMI

The Nikkei/IHS Services Purchasing Managers' Index increased to 34.2 in July from 33.7 in June, however, it was still well below the 50-mark separating growth from contraction.Want to know more on India’s services activity contracted for fifth straight month in July – PMI click here go to market news source. Market news summary from The Indian Express Market News.Author:
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