From Ayodhya Ram temple Bhoomi Poojan to vaccine trials, Business Standards brings you the top headlines of the day
July was the fifth straight month the index was sub-50, the longest such stretch since a 10-month run to April 2014.
Job losses continue as domestic demand struggles as lockdowns return in states and export orders vanish
June was the fourth straight month the index was sub-50, the longest such stretch since a ten-month run to April 2014
Job losses across services sector continue as foreign orders remain missing
From oil prices hitting a three-month high, May Services PMI improving from shock collapse in April to Google facing class action lawsuit, here are the top headlines of the day
Business Standard brings to you a snapshot of events which made it to the headlines today
Falls to 49.3 in March from February's 7-yr high of 57.5 as companies cut workforce
Service providers saw a marked increase in new work intakes during February, the second-fastest in over seven years
The dominant sector of the economy had suffered two straight-months of contraction since September
Wednesday's upbeat survey comes after official data showed India's annual economic growth slowed to 4.5% in the July-September quarter, its weakest pace since 2013.
The data showed that the rate of deceleration also declined in October from September, providing a ray of hope in these times of slowdown.
Anecdotal evidence highlighted subdued demand conditions, competitive pressures and a fragile economic situation
A sub-index tracking overall demand showed new orders increased at the quickest pace in nearly three years, driven largely by foreign demand
The Nikkei/IHS Markit Services Purchasing Managers' Index slipped to 51.0 in April, the lowest since September, down from 52.0 the previous month.