Friday, September 18
India's private sector showed robust growth in July, primarily fuelled by strong manufacturing performance and international demand, the latest HSBC Flash India Composite Purchasing Managers' Index (PMI), compiled by S&P Global, showed on July 24.The index recorded a score of 60.7 in July. While slightly down from June's 61.0, it remained firmly above the 50-mark, indicating continuous expansion for the fourth consecutive year.The report highlights that total sales, export orders, and output levels experienced significant increases, with manufacturing leading the charge. The manufacturing PMI surged to 59.2, the highest level in over 17 years, while the services sector saw a slight decline in its activity index.Despite the impressive figures, the overall growth was tempered by rising i
US President Donald Trump has criticised American tech companies for building factories in China and hiring workers in India, warning that under his presidency, "those days are over". Trump made the remarks on Wednesday at the AI Summit where he signed three executive orders related to Artificial Intelligence, including a White House action plan to utilise AI. He said that for too long, much of America's tech industry pursued a "radical globalism" that left millions of Americans feeling "distrustful and betrayed." "Many of our largest tech companies have reaped the blessings of American freedom while building their factories in China, hiring workers in India and slashing profits in Ireland, you know that. All the while dismissing and even censoring their fellow citizens right here at home
Brigade Hotel Ventures (BHVL), the hospitality arm of real estate major Brigade Enterprises, has opened its Rs 759.6 crore initial public offering (IPO) for subscription today.The public issue, which is entirely a fresh issue of 8.44 crore equity shares, is priced in the band of Rs 85–90 per share, and will close on July 28.The tentative listing date is July 31 on both BSE and NSE. The IPO has a grey market premium (GMP) of around 9%.Brigade Hotel owns and operates nine upscale hotels with 1,604 keys across South Indian cities such as Bengaluru, Chennai, Kochi, Mysuru, and GIFT City in Gujarat.These are managed under global hospitality brands like Marriott, Accor, and IHG, with an average occupancy rate of 76.8% in FY25, significantly above the industry average of 64.5%.The company plans
