Ellenbarrie to supply oxygen to Tata Metaliks

Kolkata: Industrial and medical gas producer Ellenbarrie Industrial Gases Ltd (Ellenbarrie) has signed a contract with TATA Metaliks Ltd (TML) for the long-term supply of gas to the latter’s Kharagpur plant. Under the contract, the gas producer will provide 250 metric tonne of oxygen per day, along with nitrogen and argon, to cater to the increased…

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Auto sales on growth track riding on demand for SUVs

New Delhi: Automakers led by Maruti Suzuki India, Hyundai, Mahindra & Mahindra, Toyota Kirloskar Motor on Thursday reported robust wholesales of passenger vehicles in the domestic market in May riding on strong demand for SUVs. Other manufacturers such as Tata Motors, Kia and MG Motor India also reported increase in their dispatches to dealers during…

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India’s manufacturing PMI hits 31-month high in May

New Delhi: Manufacturing activities in India advanced further and touched a 31-month high in May supported by stronger increase in new orders and favourable market conditions, which in turn generated more employment opportunities, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers’ Index® (PMI®) rose from 57.2 in April to…

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Govt appoints Ashwani Kumar as MD of UCO Bank

New Delhi: The government on Wednesday appointed Ashwani Kumar as managing director of UCO Bank in place of Soma Sankara Prasad whose terms comes to an end. Kumar is currently an executive director of Indian Bank and prior to this, he served as Chief General Manager of Punjab National Bank. The central government appoints Ashwani Kumar…

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GDP grows 6.1 pc in March quarter, 7.2 pc in FY23

New Delhi: India’s economy grew 6.1 per cent in the fourth quarter of 2022-23, pushing up the annual growth rate to 7.2 per cent, official data showed on Wednesday. Growth in the January-March period was higher than the 4.5 per cent expansion in the previous October-December quarter of 2022-23. The Gross Domestic Product (GDP) had expanded…

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