India's Services Growth Index Falls Slightly: HSBC

Bangalore: India's services sector growth rate saw a slight fall in July but remained in the positive terrain for the ninth month in a row, amid rise in new orders and employment levels holding up, an HSBC survey says.

The HSBC's services purchasing managers index (PMI) for July stood at 54.2, tad lower from 54.3 in June.

Despite a 10 basis points dip, the index has kept above the 50 mark, indicating growth, since November 2011.

"Service sector activity grew at a steady pace in July, with growth in new orders and employment holding up," HSBC Chief Economist for India and ASEAN Leif Eskesen said.

Going forward, a moderation in output is likely as the pace of growth in new orders as also the business sentiment has slumped for the next 12 months.

According to HSBC, though new orders at private sector companies in India rose steeply in July, the pace of increase was lower than that recorded in June.

Besides, even as service providers remained optimistic that activity will rise further over the coming year, the level of sentiment dipped to the lowest since March.

Meanwhile, India's manufacturing sector witnessed a slowdown in July - the weakest growth rate since November - because of moderation in domestic and export orders amid sagging global economy.

Accordingly, the HSBC India Composite Output Index, which maps both services and manufacturing activity, fell to 54.4 in July, down from 55.7 in June - signalling slowest expansion of output in three months.

HSBC noted that the volume of incoming new work expanded in both sectors surveyed -- services as well as manufacturing - with services firms signalling a faster increase.

There was also a slight rise in workforces at Indian private sector firms including both manufacturers and service providers during July.

Inflation eased to some extent in July, but remained firm on the back of rising wage costs and solid demand.

Service providers reportedly passed higher cost burdens on to their clients as labour and raw material prices increased, while, manufacturers handled rise in fuel, labour and raw material costs.

"With inflation risks still lingering despite the slowdown and policy action out of Delhi so far insufficient, the RBI has little room to manoeuvre," Eskesen said.

In its quarterly monetary policy review on July 31, the Reserve Bank left key interest rates unchanged on fears of deficient monsoon and high inflation.

The RBI has also lowered the economic growth projection for the current fiscal to 6.5 percent from its earlier estimate of 7.3 percent, and has raised inflation forecast for the fiscal ending March, 2013 to 7 percent, from the earlier projection of 6.5 percent.
Source: PTI

Source: http://feedproxy.google.com/~r/sibiznews/~3/thMPqT2gICM/Indias-Services-Growth-Index-Falls-Slightly-HSBC-nid-125377-cid-3.html

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How one can Go for a good Hosting Company on your Online ...

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Source: http://www.expertsarticles.com/how-one-can-go-for-a-good-hosting-company-on-your-online-business-industry-web-hosting/

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Jessica Ennis wins Olympic heptathlon

LONDON (AP) ? Jessica Ennis won the Olympic heptathlon gold medal on Saturday, the first for Britain on the track.

Ennis started with a record in the hurdles and finished it off almost 36 hours later with an 800-meter run that was more like two victory laps of the packed, 80,000-seat stadium.

Ennis went into the last of her seven events with a lead of 188 points over Austra Skujyte of Lithuania and extended her margin by winning the last race in 2 minutes, 8.65 seconds.

The capacity crowd went wild as Ennis collapsed over the line.

Source: http://news.yahoo.com/jessica-ennis-wins-olympic-heptathlon-203620997--oly.html

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House Speaker John Boehner visits Rochester Saturday (Rochester Democrat and Chronicle)

Share With Friends: | | Politics - Top Stories News, News Feeds and News via Feedzilla.

Source: http://news.feedzilla.com/en_us/stories/politics/top-stories/238797527?client_source=feed&format=rss

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Kingston Design 2012 ? a Department of Business, Innovation and ...

Twenty Kingston graduating students are showcasing their work at Kingston Design 2012 ? a collaboration between the Department of Business, Innovation and Skills (BIS) and the University?s Design School to celebrate the year of the Olympics and the Queen?s Diamond Jubilee and to showcase the best of new design in the UK.

Supported by Enterprise Support, dozens of examples of the students? illustration and animation, graphic design, fashion and product design were this week?put on display in three rooms in the BIS building on London?s Victoria Street. The exhibition, which opened on Monday,?will stay at BIS until the end of the year, when it will be moved to Knights Park.

Executive director of Enterprise, Deborah Lock, said: ?This is an incredibly exciting opportunity for Kingston University; not only does it showcase the creativity and innovative nature of students, but?also?that of the academics?whose drive and?commitment enables our students to reach their?full potential.?UK Plc?is extremely fortunate to have such talented academics and students.?

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BIS has worked with Kingston to develop the pilot project, which it hopes to roll out to other UK universities in 2013.

?Holding it all together ?

Kingston graduates have also designed, manufactured and curated the bespoke display shelving systems for the exhibition.

Curators
Catriona Coen and Alma Daskalaki
MA Curating Contemporary Design in partnership with the Design Museum
Staff mentor: Professor Catherine McDermott, the Design School, FADA

Graphic Design
Stephanie Bickford-Smith and James Ward
BA Graphic Design
Staff mentors: Senior FADA lecturers Rebecca Davies and Mark Harris

Exhibition Design
Yashar Sadeghi and Alex Farnea
MA Creative Economy
Staff mentor: Principal FADA lecturer Colin Holden

Source: http://fada.kingston.ac.uk/news/kingston-design-2012-a-collaboration-with-the-department-of-business-innovation-and-skills/

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Facebook for iPhone and iPad gains a new "save for later" feature

Facebook has added a new feature to the Facebook for iPhone and iPad app that allows you to save posts for later. In reality, this works similar to what other services call "favorites". If you browse the Saved posts, you are able to scroll through them later as their own feed. You have to physically mark them as Unsave to remove them from the Saved folder.

To save a post. Simply hold your finger down on the post you want to save and a popup that says "Save" will appear. Just tap the popup and you're done!

To access your Saved folder, you must first scroll to the bottom of the sidebar menu and tap on Edit Favorites. Next, tap the + sign and select Saved from your list of Apps. Then tap Done. Now, you should see your Saved folder in the Favorites section of your sidebar menu!

All saved stories are private, so you don't have to worry about Sally being notified that you saved her relationship change to Single. You wouldn't want her to think you're some weird creepy stalker!

You do not need to download an update to receive this feature. You should simply see a notification informing you of the feature at the top of your news feed when you use the Facebook app on your iPhone (see above screenshot). I did not see the notification on my iPad, but the feature is indeed there.

Anyone planning to use this feature? Personally, I could care less about saving stories on Facebook; however, I do see its appeal. Parents can use it it to easily keep track of specific activities that their kids do on Facebook, and others can use use it to save their favorite photos and status updates of friends and family. What about you? How do you plan to use the new Saved feature?

Free - Download Now

App Store Apps

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Source: http://feedproxy.google.com/~r/TheIphoneBlog/~3/Ui99ixaSz8g/story01.htm

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