India's factory output grows sharply at 4.3% in August

13 October, 2017, 00:37 | Author: Terri Saunders
  • Retail inflation eases to 3.28% in September

The cumulative growth in these three sectors during April-August 2017 over the corresponding period of 2016 has been 3.3 percent, 1.6 percent and 6.2 percent respectively.

Additionally, the Consumer Food Price Index (CFPI) for all India Rural, Urban and Combined stood at 1.25% compared to 1.52% of August 2017 and 3.96% of September 2016.

Retail inflation came in at 3.28 per cent in September, unchanged from August, despite softening of vegetable and cereal prices, according to government data.

The Reserve Bank of India had raised its inflation projection to 4.2-4.6 per cent for the second half of the current fiscal due to firming global oil prices and uncertainty on kharif farm output.

The International Monetary Fund (IMF) on Tuesday also cut its growth forecast for the Indian economy by half a percentage point to 6.7% for 2017-18, blaming the lingering disruptions caused by demonetisation of high value currencies previous year and the roll out of the GST.

Alibaba is investing $15 billion in R&D over 3 years
The Chinese e-commerce company is launching a major funding drive to create research hubs. On top of this, it is also now recruiting 100 more researchers from across the world.


Electricity production increased 8.3 percent in August as compared with 2.1 percent a year ago.

Meanwhile, the July IIP number was revised to 0.94 per cent from 1.2 per cent provisional estimates released last month.

As per use-based classification, the growth rates in August 2017 over August 2016 are 7.1 per cent in primary goods, 5.4 per cent in capital goods, (-) 0.2 per cent in intermediate goods and 2.5 per cent in infrastructure/ construction goods. "However, 13 of the 23 sub-sectors of manufacturing with a weight of 27% in the IIP, recorded a contraction in August 2017".

As food prices remained steady, the country's retail inflation also remained flat at 3.28% in September.

Recommended:

  • Sector Highlights- Cypress Semiconductor Corporation (NASDAQ:CY), Ambev SA (NYSE:ABEV)

    Also, it has an estimated price-earnings (P/E) multiple of 12.21 and a trailing 12-month price-earnings (P/E) multiple of 28.17. Lattice Semiconductor had 14 analyst reports since August 4, 2015 according to SRatingsIntel. 8 of them rate its stock a hold.

    Liverpool will end Manchester United's unbeaten run, says John Barnes

    Tony Coton says that if Manchester United beat Liverpool on Saturday, then their standing as title contenders will strengthen. The former Everton star has netted seven times in as many Premier League games, while Matic has commanded United's midfield.
    Fearless  woman becomes social media star by wrestling with shark

    Fearless woman becomes social media star by wrestling with shark

    I herded the shark into the shallows and then I just sort of jumped on him and put my knees on his fins. "I just dived on him". A shark in the oak park pool! "I saw it and it was just a little Port Jackson so I just thought I should chuck him out".
  • Netanyahu says Israel to leave UNESCO, following US

    Netanyahu says Israel to leave UNESCO, following US

    UNESCO has become a poster child for how United Nations agencies have had their missions perverted by the anti-Israel agenda. The organization has a long history of taking anti-Israel measures, and supporting resolutions against the Jewish state.
    OnePlus is quietly collecting a ton of data from its smartphones

    OnePlus is quietly collecting a ton of data from its smartphones

    The data can help developers figure out what features people use, what bugs need to be fixed, and what/where the target market is. Using this tool and the encryption key stored on the OnePlus 2 he managed to decipher the exact information that was being sent.
    Turkey, US discuss visa crisis in phone talks: state media

    Turkey, US discuss visa crisis in phone talks: state media

    Erdogan arrived in Belgrade on October 10 on a two-day visit that analysts say is a bid to increase Ankara's clout in the Balkans. Consulate in the southern province of Adana, was arrested in March for alleged links to outlawed Kurdish militants.
  • Aarushi murder case: Allahabad HC acquits couple Nupur, Rajesh Talwar

    Aarushi murder case: Allahabad HC acquits couple Nupur, Rajesh Talwar

    The couple was awarded life sentence by a special CBI court in Ghaziabad on November 26, 2013, a day after their conviction. Reacting to the verdict, the CBI said it would study the high court order and decide the future course of action.
    Facebook exec meets with lawmakers amid Russian Federation  probe

    Facebook exec meets with lawmakers amid Russian Federation probe

    Both men said that in the end, voters need to be more aware of the type of information they are seeking out. The suspected Russian-linked ads focused on immigration issues, with one page called, "Secured Borders".
    Britain and European Union  clash over who takes next Brexit step

    Britain and European Union clash over who takes next Brexit step

    She campaigned for Remain in last year's referendum, but is now tasked with steering the United Kingdom out of the European Union. Some have suggested that May will reshuffle her cabinet, but her spokesman said she had full confidence in both ministers.
  • Weinstein responds: 'We all make mistakes'

    Weinstein responds: 'We all make mistakes'

    Weinstein attended the world-famous festival many times and several movies he produced have been selected in the competition. The actress said she applauds the women who have come forward with their stories. "I'm not doing OK but I'm trying".
    Texas Tech students comforted by unity after fatal officer shooting

    Texas Tech students comforted by unity after fatal officer shooting

    Bonath was not clear about when the counseling center called police. The Texas Tech officer was killed by a student Monday night. He had the body camera and a handgun, Bonds wrote.
    Time US taught 'new' lessons: Iran Armed Forces

    Time US taught 'new' lessons: Iran Armed Forces

    Iran's rial has dropped against the USA dollar in recent days in a sign of concern about Trump's policy. In July 2017, the United Stated imposed new sanctions against the country's ballistic missile program.


Popular

Arsenal defender Skhodran Mustafi ruled out for at least a month
Wenger said contract talks with German worldwide Ozil, who is in the final year of his deal, were progressing well. Sanchez won't be back with us until tomorrow.

Isis 'White Widow' Sally Jones is killed by U.S. drone strike
Rukmini Callimachi, a correspondent for the New York Times, also said two senior USA officials denied that Jones was dead. According to the Sun , Jones was last seen fleeing from Raqqa, heading for a town on the border with Iraq.

Hamas, Fatah reach agreement in Palestinian reconciliation talks
Since then, the relations between the two rival factions have been very tense and all attempts to reconcile them over the past years have failed to bring fruit.

NHS staff urged to get flu jabs to protect patients
Fluzone High-Dose : It is a high potency vaccine that contains four times the amount of antigen compared to a standard flu shot . The quadrivalent vaccines are created to protect against the already mentioned viruses plus an additional B virus.

Southwest launches fare sale with $49 flights out of San Antonio
Ws Management Lllp decreased G (NASDAQ:GIII) stake by 300,000 shares to 1.49 million valued at $37.18M in 2017Q2. MARSHALL WACE ASIA Ltd acquired a new stake in Southwest Airlines during the 1st quarter worth $22,797,000.

Equifax breach caused by lone employee's error, former CEO says
When the breach was originally disclosed to the public, the total number of affected consumers stood around 143 million people. During the hearing, Smith defended Equifax, saying the monitoring business only accounts for a small portion of their services.

Rep. Al Green reads articles of impeachment against Trump on House floor
But when the House moved to consider the resolution about an hour later, Green did not show up and it was shelved as a result. Green said he has not tried selling his proposal to others, saying, "I'm prepared to stand alone".

Overwatch: All New Halloween Terror 2017 Emotes
It's actually pretty close to Reinhardt's emote form past year , if you just replace pumpkins with fire-hot melted metal. You can expect to see loot boxes dressed up as jack-o-lanterns and 50 new items to collect during the event.

United Kingdom race relations: Major report on inequality set to be published
On Tuesday, Mrs May will say the government and institutions must " explain or change " the differences. Its aim is to challenge society to " explain or change " the racial inequalities it unearths.

Anupam Kher appointed new FTII chairman, replaces Gajendra Chauhan
Anupam had then said the FTII needed a person with much more qualifications than Chauhan had as a producer, director or actor. The National Award victor , who began his acting career with " Saaransh " in 1984, has a vast repertoire of over 500 films.