India’s services sector growth hits 11-month low in December amid slow expansion in new businesses

  Rates of expansion in incoming new work and output eased to the slowest in 11 months, with companies refraining from recruiting additional staff   New Delhi: India’s services sector growth declined to an 11-month low in December amid slow expansion in new businesses, according to a private survey on Tuesday. The seasonally adjusted HSBC…

GST rate rejig in reforms to benefit common man, farmers, middle class: FM Nirmala Sitharaman tells Group of Ministers

These “next generation GST reforms” are aimed at making India Aatmanirbhar, she told to the GoM during a meeting, adding that the Centre committed to building broad-based consensus with states on next-gen GST reforms. Finance Minister Nirmala Sitharaman on Wednesday told a Group of Ministers that the rate rejig in GST reforms will provide relief…

Sensex, Nifty extend losing streak to 3rd session; financials drag; mid-, small-caps rise over 1%

Concerns over sluggish earnings growth, premium valuations, and uncertainty surrounding U.S. trade policies fueled the sell-off.   India’s benchmark indices, Sensex and Nifty, ended marginally lower for the third session on February 20, dragged lower by financial stocks as global trade tensions weighed on investor sentiment. Concerns over sluggish earnings growth, premium valuations, and uncertainty…