The Nikkei India Manufacturing Purchasing Managers’ Index reading for October came in at 50.3, declining from 51.2 in September. A reading above 50 indicates an expansion while one below 50 denotes a contraction in activity. “Growth in India’s manufacturing sector lost momentum in October,”. . . . .
The World Bank, today released the Doing Business (DB) Report, 2018. The Department of Industrial Policy and Promotion (DIPP) announced that India ranks 100 among 190 countries assessed by the Doing Business Team. India has leaped 30 ranks over its rank of 130 in the Doing Business Report 2017. The DB Report is an assessment. . . . .
In ‘Ease of Doing Business’ (EoDB) index among various States, Telangana continues to top the annual rankings. Telangana is followed by Haryana and West Bengal at second and third places respectively in the ranking given by the Department of Industrial Policy and Promotion (DIPP) of the Union Ministry of Commerce and. . . . .
Dubai-based Bin Zayed Group signed a memorandum of understanding (MoU) with the Telangana government to bring in an investment of about Rs 12,500 crore for infrastructure development projects in the State. As per the MoU, the group will conduct a feasibility study for investing in road development, Musi Riverfront Development. . . . .