Why business expectations are so tepid despite recovery in Indian economy

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A reading above 50 denotes expansion, while one below 50 indicates contraction from the previous month. As Chart 1 shows, the composite PMI (Purchasing Managers’ Index) is at its highest level…

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Mahindra Bolero back in India’s top 10 selling cars: Why it’s still so popular

The Mahindra Bolero has made it to India’s top 10 selling cars yet again, with 9,104 copies sold. Over 15 years old, the Bolero continues to be a very strong seller. In fact, it’s India’s best selling multi utility vehicle (MUV), and has retained this status for many years. What makes the Bolero so popular in India? Well, the lack of a solid alternative. Major sales of the Bolero come from the rural and semi-urban markets of India, where the MUV has no match really. The Tata Sumo is the…

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AI is so rampant it’s now impacting our sex lives Here’s how to stop it taking control

We’ve reached an inflection point with AI. It’s in the news we consume and the general cultural conversation, but there are also more tangible markers we can point to. In just two years Amazon’s Echo, and as a result Alexa, is in more than six per cent of American homes. By 2020, people will be making 200 billion voice searches every month. Or, if you prefer using the market as a bellwether, $5.4 billion (£4.2bn) was invested in AI startups in 2016 – a sum that doesn’t reflect the amount…

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Hadley Freeman: so the privately educated are the new underclass? Spare me the sob story

No one likes to think that their success has at least as much to do with their parents forking out as it does their own hard work Eton College, Berkshire. Photograph: Corbis Ihave lived in Britain – mainly on, sometimes off – for 25 years, but there are still two things about this country I don’t understand. Number one: why do so many of your classic TV shows have such bizarre titles? Last Of The Summer Wine? Only Fools And Horses? Can you imagine what it was like to move…

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