Monday, Oct 22 2018 | Time 23:45 Hrs(IST)
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Business Economy Share

New Delhi, Aug 10 (UNI) Index of Industrial Production (IIP) recorded a high 7 percent month-on-month (MoM) for June from 3.9 percent in May. This is the highest level achieved by the index in the last five months.
According to data released by the Central Statistics Office on Friday, growth was driven by a pick up in capital goods manufacturing, which contributes 78 percent of the index.
Manufacturing grew 6.9 percent in June compared with a 2.8 percent increase in May.
The cumulative growth for the period April-June (Q1) 2018 stands at 5.2 US over the corresponding period of the previous year.
Capital goods registered a growth 9.6 per cent. 19 out of 23 industry groups recorded positive growth with computer and electronics growth at 44%.
The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy.
UNI JPG RJ 2124
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Ed-Tech startup GuruQ raises Rs 2 5 cr

22 Oct 2018 | 9:57 PM

New Delhi, Oct 22 (UNI) Delhi-based EdTech startup, GuruQ has secured a further Rs 2.5 crore round off funding from a group of high-net-worth individuals (HNIs).

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IIHA invests Rs 1100 cr for hemp cultivation in U'khand

22 Oct 2018 | 9:38 PM

New Delhi, Oct 22 (UNI) Commemorating India’s first hemp cultivation licence awarded to Indian Industrial Hemp Association (IIHA), the organisation on Monday announced an investment of Rs 1100 crore on industrial hemp in Uttarakhand in next five years with a speculated employment generation for more than 90,000 people in the state.

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Steelbird International ties-up with Fujikura Rubber Japan

22 Oct 2018 | 9:38 PM

New Delhi, Oct 22 (UNI) Auto component maker Steelbird International has joined hands with Japan-based manufacturer Fujikura Rubber Ltd.

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Freecharge users can buy gift cards for their friends & family

22 Oct 2018 | 9:29 PM

Gurugram, Oct 22 (UNI) E-commerce platform for financial services and products Freecharge announced the launch of its unique e-gifting product.

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Pharmac 2018 to be held in Ahmedabad from Oct 25 to 27

22 Oct 2018 | 7:28 PM

Ahmedabad, Oct 22 (UNI) The ninth edition of Pharmac India, the pharma sector expo will be held in Ahmedabad from October 25 to 27.

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