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India's services activity shrinks again in August, weakest since 2009

Last Updated: Wednesday, September 04, 2013, 11:03

The economy grew 4.4 percent in April-June, its slowest quarterly growth rate since early 2009, as mining and manufacturing contracted, data showed on Friday.

India's service sector growth slumps to 17-month low

Last Updated: Wednesday, April 03, 2013, 11:11

The country's private sector output for the month of March witnessed the slowest rate of expansion in 17 months owing to a significant decline in new business orders, an HSBC survey said on Wednesday.

India's service sector growh declines in February

Last Updated: Tuesday, March 05, 2013, 11:59

The robust pace of growth in the services sector witnessed in January could not be sustained in the month of February as there was a decline in new business orders.

Premji for balance between manufacturing and services sector

Last Updated: Saturday, February 16, 2013, 19:26

Wipro Technologies Chairman Azim Premji on Saturday said balance should be maintained between services and manufacturing sector since the latter is witnessing displacement.

India's service sector growth rises to 12-month high in January

Last Updated: Tuesday, February 05, 2013, 12:12

The country's services sector grew at the fastest fastest pace in the past 12 months in January driven by an increase in new business orders, the HSBC purchasing managers index (PMI) data said on Tuesday.

Indian services growth slowed to 13 month low in Nov: HSBC

Last Updated: Wednesday, December 05, 2012, 12:28

The index has witnessed significant decline in the last two months after registering the fastest pace of growth in in September.

Service sector growth slows to 6-month low in October

Last Updated: Monday, November 05, 2012, 11:59

India's services sector slowed in October - registering the slowest pace of growth since April - amid decline in new orders and hiring levels, an HSBC survey said.

Services PMI shrinks to lowest in 2-1/2 years

Last Updated: Thursday, November 03, 2011, 11:27

India's service sector contracted for a second straight month in October, as new business grew at its weakest pace since May 2009, a survey showed on Thursday, dragged by sagging global demand and tight monetary policy.

Services PMI shrinks first time in over 2 years

Last Updated: Wednesday, October 05, 2011, 11:08

India's service sector has contracted for the first time in more than two years as new business all but dried up and expectations weakened amid concern over a flagging world economy, a survey showed on Wednesday.