‘Indian manufacturing sector heads towards stagnation’

Concerns surrounding the pandemic restricted business confidence towards the year-ahead outlook for production. At 50.8 in May, down from 55.5 in April, the seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index (PMI) moved closer to the no-change mark of 50.

Dvara KGFS appoints 2 independent directors

Dvara Kshetriya Gramin Financial Services Pvt Ltd, a NBFC operating in remote rural areas of India , has announced the appointment of two new independent directors, Raman Uberoi and Parveen Kumar Gupta, to the Board of the company.