Eight core industries' September output up

Indicating a revival in economic activities, the index of eight core industries grew by 5.2 per cent in September this year led by a sharp expansion in coal and refinery production.

Eight core sectors grew to a six-month high of 5.2 per cent in September, helped by a robust performance in coal, natural gas and refinery segments, official data showed on Tuesday. "Its cumulative growth during April to September, 2017-18 was 3.3 per cent".

Similarly, natural gas production increased by 6.3 percent this year as compared to September 2016. Its cumulative index increased by 1.5% during April to September 2017-18 over corresponding period of the previous year. Its cumulative index declined by 0.2% during April to September 2017-18 over the corresponding period of previous year. Cumulatively, the growth in the eight core sectors during April-September this fiscal slowed down to 3.3 per cent as against 5.4 per cent in the same period last fiscal.

Fertilizer production (weight: 2.63%) declined by 7.7% in September 2017 over September 2016.

Electricity generation (weight of 19.85 per cent in IIP) increased by 5.2 per cent in September 2017 while cumulative generation of electricity increased by 6.0 per cent during April-September 2017-18. Its cumulative index declined by 2.1 percent during April to September, 2017-18 over the corresponding period of previous year.

Cement production increased by 0.1 percent in September, 2017 over September, 2016. Its cumulative index declined by 1.9 percent during April to September, 2017-18 over the corresponding period of previous year. Its cumulative index increased by 6.0 percent during April to September, 2017-18 over the corresponding period of previous year.

Like this


31 October 2017
Automatic Data Processing (NYSE:ADP) Shares Sold by Allen Investment Management LLC
In other news, VP Brock Albinson sold 3,663 shares of the company's stock in a transaction that occurred on Friday, September 1st. Neville Rodie & Shaw Inc increased S&P 500 Depository Receipts (SPY) stake by 6,394 shares to 52,940 valued at $12.80M in 2017Q2.

31 October 2017
Liam Gallagher set to appear on 'Celebrity Gogglebox'
The Gogglebox Celebrity special - which will air Friday at 9pm - will be part of Channel 4's Stand Up To Cancer campaign. According to The Sun , an insider said: "Liam is one of the most opinionated celebrities ever".

31 October 2017
Germany: Arrest of a Syrian suspected of preparing a terrorist islamist
In the following weeks, he began to obtain chemicals and material required for the construction of the explosive device. Germany has been on high alert since December 2016 when 12 people died in a lorry attack in Berlin .

31 October 2017
England's golden boy Phil Foden turns World Cup hero
Hudson-Odoi's first assist was a delightful floated cross to the back post, where Phil Foden was on hand to stab home. We can not forget that he played at a World Cup, so England will be world champions at that age.

31 October 2017
Beauty Kills: Russian teen model dies in China
Officially, she was allowed to work three hours a week in China, a law which mirrors that in Russian Federation ", the paper said. Dzyuba was taken to Shanghai's Ruijin Hospital but died from multiple organ failure after her condition quickly worsened.

31 October 2017
Michael Jackson top earning dead celebrity with $75M
Singing legends Elvis Presley with 35M (US) and Bob Marley with 23M (US) have secured fourth and fifth position (s) respectively. The King of Pop continues to win the hearts of people to this day, precisely eight years after his demise.

31 October 2017
Howe & Rusling Inc. Reduces Stake in BlackRock, Inc. (BLK)
Trust Of Vermont holds 0.01% of its portfolio in Fastenal Company (NASDAQ:FAST) for 2,815 shares. 14,265 are held by Cna Fin. Klingenstein Fields And Ltd Liability Co reported 0.01% in BlackRock, Inc. (NYSE:BLK) on Friday, July 15 with "Buy" rating.

31 October 2017
Loss Pegged At Over Rs 81 Cr As Cross-LoC Trade Remains
Due to the rising tensions, the cross-LoC bus and trade services between Poonch-Rawlakote route has been suspended since July 10 this year.

31 October 2017
Active Stock Picking: Suncoke Energy Inc (SXC) and Iconix Brand Group (ICON)
The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market". The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets.

31 October 2017
Govt extends deadline to file GSTR-2, GSTR-3 by a month
The GST Council will now meet on November 10 and the issue will then be taken up by Union Finance Minister Arun Jaitley. Reports state that after the GST roll out on July 1, many issues have surfaced that have impacted several businesses.