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.

3D Renders Of Nokia 9 Leaked Online
In other Nokia-related news, HMD Global has confirmed that the Nokia 8 will not be available in the United States after all. In terms of other components, speculation has it that the Nokia 9 will boast a 5.5-inch display with QHD resolution.


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:

  • Murphy: Pulling Out Of Iran Deal Makes North Korea Agreement Harder

    Murphy: Pulling Out Of Iran Deal Makes North Korea Agreement Harder

    If Trump refuses to certify, Congress will have 60 days to decide whether to re-impose USA sanctions on Iran . However, media reports said that the president might pull out of the Iranian nuclear agreement.
    Alibaba is investing $15 billion in R&D over 3 years

    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.

    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.
  • Hamas, Fatah reach agreement in Palestinian reconciliation talks

    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.
    Southwest launches fare sale with $49 flights out of San Antonio

    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.
    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.
  • NHS staff urged to get flu jabs to protect patients

    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.
    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.
    Anupam Kher appointed new FTII chairman, replaces Gajendra Chauhan

    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.
  • Arsene Wenger: Mesut Ozil and Alexis Sanchez may be sold in January

    Arsene Wenger: Mesut Ozil and Alexis Sanchez may be sold in January

    Personally, I would prefer to be at home on Christmas Eve and celebrate but that could still happen if we play early on the day. He said: "We have to adapt to the schedule but if it happens personally the game should be played no later than 2pm".
    Equifax breach caused by lone employee's error, former CEO says

    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.
    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.


Popular

Chester Bennington & Linkin Park's 'Carpool Karaoke' Ep Released
Bennington is at the wheel, while fellow Linkin Park members Mike Shinoda and Joe Hahn are seated in the back of the SUV. Linkin Park is releasing one of Chester Bennington's final on-screen appearances before his tragic death in July.

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.

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.

Pot 1 of FIFA World Cup draw set
In Africa, there are still three places up for grabs as the third and final round of qualifying enters the last two group games. It's the first time the US have failed to qualify for the tournament since 1986.

SCOTUS Tosses One of the Challenges to Travel Ban
The court's directive did not indicate a second ruling, by a panel of the U.S. The court may then also vacate that ruling. Court of Appeals for the 9th Circuit.

Watch Sam Smith Perform Songs from New Album on 'SNL'
Each ticket purchased online for any of the USA dates on the tour will include a copy of the new album. Furthermore, general public tickets become available on Thursday, October 12th, 2017 at 10:00 a.m.

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".

Giants WR Odell Beckham Jr. Carted Off Field After Ankle Injury
The Giants added Tavarres King and Travis Rudolph to replace Beckham and Harris on the active roster. The Giants coach also confirmed that Beckham will be undergoing surgery at some point this week.

Google Home Mini fault left smart speakers always recording
Before you freak out, you should know that smart speakers have to send your voice queries to cloud servers to return responses. No paying customers have been affected by the bug, since the Google Home Mini doesn't officially launch until next week.

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.