Service Industry

The index of services production released on Monday for the third time on a trial basis showed eight of 19 service categories recorded double-digit growth in June this year. The Ministry of Statistics & Programme Implementation (MoSPI) releases the Index of Services Production (ISP) for the month of June 2026 in respect of 19 sub-sectors, with base year 202425. Except for air transport, all the categories recorded positive growth in June on an annual basis, a statement by the statistics ministry said. Air transport declined by six per cent. Top sub-sectors reporting strong growth in June 2026 were Real Estate (24.7 per cent), Retail Trade (18.0 per cent), Wholesale Trade (15.1 per cent), Administrative and Support Services (14.4 per cent), IT and Computer Related Services (13.5 per cent), according to the index. The maiden sub-sectors trial ISP for April 2026 was released on July 14, 2026. The monthly ISPs are being published on an experimental basis, the ministry said. The ...

Air passenger service prices rose nearly 32 per cent year-on-year in Q1 FY27, while banking and securities transaction services recorded declines, provisional data showed

Ms. Smeeta Bhatkal, Mr. Santosh Desai and Mr. Akshay Kumar join as Independent Directors; Ms. Shaina NC as Non-Executive Director

Outpaces Growth of Market indices by an impressive margin with growth of over 50% in just 6 months

Team Marksmen's Influential Leaders of India 2024 lauded an elite cadre of leaders that have blazed a trail of excellence across industries

The former president has said he will renew tax cuts from his 2017 tax law that are set to expire next year - a centerpiece of his economic agenda which has won him support

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Automotive dealership firm Popular Vehicles & Services Ltd on Wednesday reported 40 per cent year-on-year increase in Profit After Tax (PAT) at Rs 20.1 crore for the March quarter. The Kochi-headquartered company had posted a PAT of Rs 14.3 crore in the fourth quarter of FY23, according to a statement. Total income grew 4.6 per cent at Rs 1,372 crore as against Rs 1,311 crore in Q4 FY23, it said. The company said the total vehicles retailed during March quarter FY24 declined 10.2 per cent to 11,116 units as against 12,372 units in the year-ago period. The company, which is the country's second listed auto dealership chain, also said that out of net IPO proceeds of Rs 230 crore, Rs 192 crore, supposed to be used for debt reduction, has already been deployed in FY24. Popular Vehicles & Services got listed on exchanges on March 19 this year. "In FY24, the sales volume, excluding service business de-grew by 4 per cent, however the revenue increased by 14 per cent. The growth was ..

Falls to 3-year low of 4.9%, but net services exports grow at 13.6%

The survey also mentioned that services companies in India reported an increase in their expenses in October due to higher food, fuel, and staff costs

Top Zomato leadership on Friday said that home services is one big market they are exploring to enter and make neighbourhood services like electricians, plumbers, etc. more accessible to customers.

A section of the USD 1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of US workers. But the real windfall may go to a far more secure group: the financial services industry. The retirement savings measure labeled Secure 2.0 would reset how people enroll in retirement plans from requiring them to opt into plans, to requiring them to opt out. The provision is designed to ensure greater participation. It also allows workers to use their student loan payments as a substitute for their contributions to their retirement plans meaning they can get matching retirement contributions from their employers by paying off that debt increases the age for required distributions from plans, and expands a tax-deductible saver's credit. But as with so many far-reaching spending bills that get little public consideration, provisions of the legislation also benefit corporate interests with a strong financial interest in the

It is time for the service industry to put a checklist to ensure that customers are treated well