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MNI Indicators rise to 67.1 percent in June

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9 years ago

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Mumbai/Kolkata: The MNI India Business Sentiment Indicator, a gauge of current sentiment among BSE-listed companies, rose by 7.7 percent to 67.1 in June from the erstwhile 62.3 in May.

In the monthly business poll, which is conducted among executives from manufacturing, service, construction and agricultural firms, it was revealed that the interest rate cut in early June has boosted business confidence.

In a statement, the company, Deutsche Borse Group, which conducts the research said although the previous rate cuts from India’s apex bank have provided short-term boosts, the magnitude of this month’s business confidence increase suggests “the aggregate easing to date is starting to have a positive impact”.

“Firms reported increased access to credit and many reported that they were benefiting from lower interest rate costs,” it said.

According to the firm, production, new orders and export orders improved significantly in June.

“Having acted as a dampener on sentiment for months, there was finally an up-tick in demand from abroad with the Export Orders Indicator rising by 13.2 percent on the month. Companies also anticipated that the weaker rupee would help support external demand over the coming months”, it said.

The anticipation helped underpin new orders, which jumped 8.2 percent to 61.8, the highest level since November 2014.

The index for production also rose by 6.3 percent to 61.1 in the month.

“The improvement in both output and demand measures bubbled through to the labour market. More companies thought the size of their workforce was insufficient for their requirements and they were also more optimistic about hiring in the coming three months”, the research said.

Last month, the MNI India Business Sentiment Indicator had fallen by 2.5 percent to 62.3 compared to 63.9 in April this year.

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Apple is giving a huge discount on its gadgets: Details inside

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3 years ago

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May 5, 2022

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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