Services Sector Activity
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South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
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India's Service Sector Growth Second-Highest In 13 Years
India's services sector growth eased slightly in May, but registered the second-strongest rate of growth in close to 13 years, on favourable demand conditions and new client wins, a monthly survey said on Monday.
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India's Economy Is Buzzing But Weaker Exports Could Be A Drag
India's economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment.
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Mudrex Crypto Firm Enters Italy, Lauds Appealing ‘Regulatory Clarity’ in EU
Mudrex has bagged legal recognition in Italy that officially allows it to offer its services in one part of the European Union (EU). The announcement was released on Monday, May 15. Mudrex has lauded the clarity in crypto-related regulations in the EU, which, the company says, makes it easy to conduct business in.
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India's Services Sector Growth Dips Slightly In January
For the 18th straight month, S&P Global India Services PMI Business Activity Index was above the neutral 50 threshold. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion.
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Budget 2023: India's Buzzing Economic Activity Belies Fears Of A Slowdown
Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
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Services Sector Growth Touches 6-Month High In December
"December saw a welcome expansion in Indian services activity, underscoring the resilience of demand as 2022 came to an end," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
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India's Services Sector Optimism In October Highest Since Early 2015
Activity in India's dominant services industry gathered pace in October despite high inflationary pressures, a private survey showed.
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Services Firms' Activity Slips To 4-Month Low In July As Inflation Remains High
Growth in India's dominant services industry slowed sharply in July, squeezed by high inflationary pressures and weaker demand, leading to a further fall in business expectations, a private survey showed.
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Services Firms' Activity Growth Fastest In Over 11 Years
India's dominant services industry expanded at the fastest pace in over eleven years in June amid strong demand.
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Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In 2021-22: Report
Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 lakh crore on the back of improvement in overall economic activities and banks' renewed focus on the NBFC sector following improvement in their balance sheets, says a report.
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India's Services Sector Activity At Five-Month High In April Despite Inflation Worries
Activity in India's dominant services sector grew at its fastest pace in five months in April on strong demand, prompting firms to add jobs for the first time since November, a private survey showed.
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India's Services Sector Activity Expands At Fastest Pace So Far This Year In March
India's services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand, but elevated inflationary pressures clouded business confidence, a private survey showed.
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"As Son Grows Older, He Acquires Father's Business": Deepak Parekh On HDFC-HDFC Bank Merger
Deepak Parekh, Chairman of the mortgage lender HDFC said that he had spent "two sleepless nights" prior to the big development
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India's Services Sector Activity Slows To 6-Month Low In January
India's dominant services sector expanded at its slowest pace in six months in January as restrictions due to a new wave of Covid-19 cases and surging prices weighed on demand, a private survey showed.
-
South Korea Initiates Crackdown on Suspicious Crypto Activities
On Thursday, July 4, the Financial Supervisory Service of Korea released a statement alerting all crypto exchanges to ramp up transaction monitoring on their respective platforms. This move from South Korea comes as the country’s Virtual Asset User Protection Act is ready to go into effect on July 19.
-
India's Service Sector Growth Second-Highest In 13 Years
India's services sector growth eased slightly in May, but registered the second-strongest rate of growth in close to 13 years, on favourable demand conditions and new client wins, a monthly survey said on Monday.
-
India's Economy Is Buzzing But Weaker Exports Could Be A Drag
India's economic activity picked up pace in April on record tax collections and a booming services sector though rising unemployment and weaker trade metrics could sap some sentiment.
-
Mudrex Crypto Firm Enters Italy, Lauds Appealing ‘Regulatory Clarity’ in EU
Mudrex has bagged legal recognition in Italy that officially allows it to offer its services in one part of the European Union (EU). The announcement was released on Monday, May 15. Mudrex has lauded the clarity in crypto-related regulations in the EU, which, the company says, makes it easy to conduct business in.
-
India's Services Sector Growth Dips Slightly In January
For the 18th straight month, S&P Global India Services PMI Business Activity Index was above the neutral 50 threshold. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion.
-
Budget 2023: India's Buzzing Economic Activity Belies Fears Of A Slowdown
Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.
-
Services Sector Growth Touches 6-Month High In December
"December saw a welcome expansion in Indian services activity, underscoring the resilience of demand as 2022 came to an end," said Pollyanna De Lima, Economics Associate Director at S&P Global Market Intelligence.
-
India's Services Sector Optimism In October Highest Since Early 2015
Activity in India's dominant services industry gathered pace in October despite high inflationary pressures, a private survey showed.
-
Services Firms' Activity Slips To 4-Month Low In July As Inflation Remains High
Growth in India's dominant services industry slowed sharply in July, squeezed by high inflationary pressures and weaker demand, leading to a further fall in business expectations, a private survey showed.
-
Services Firms' Activity Growth Fastest In Over 11 Years
India's dominant services industry expanded at the fastest pace in over eleven years in June amid strong demand.
-
Bank Credit To NBFCs Rises 10% To Rs 10.5 Lakh Crore In 2021-22: Report
Bank credit to NBFCs grew in double digit in FY22 with outstanding bank credit to them rising by 10.4 per cent to Rs 10.5 lakh crore on the back of improvement in overall economic activities and banks' renewed focus on the NBFC sector following improvement in their balance sheets, says a report.
-
India's Services Sector Activity At Five-Month High In April Despite Inflation Worries
Activity in India's dominant services sector grew at its fastest pace in five months in April on strong demand, prompting firms to add jobs for the first time since November, a private survey showed.
-
India's Services Sector Activity Expands At Fastest Pace So Far This Year In March
India's services sector expanded at its fastest pace so far this year in March as an easing of Covid-19 restrictions boosted demand, but elevated inflationary pressures clouded business confidence, a private survey showed.
-
"As Son Grows Older, He Acquires Father's Business": Deepak Parekh On HDFC-HDFC Bank Merger
Deepak Parekh, Chairman of the mortgage lender HDFC said that he had spent "two sleepless nights" prior to the big development
-
India's Services Sector Activity Slows To 6-Month Low In January
India's dominant services sector expanded at its slowest pace in six months in January as restrictions due to a new wave of Covid-19 cases and surging prices weighed on demand, a private survey showed.
