Biological E to manufacture HPV9 vaccine for India, UNICEF and PAHO tender markets
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The Hindu
2 hours ago
- The Hindu
Demand distress: on slowdown in the overall IIP
The new financial year has gotten off to a relatively poor start when it comes to industrial production. Growth in the Index of Industrial Production slumped to a nine-month low of 1.2% in May 2025. This follows an eight-month low of 2.6% in April. Taken together, this puts the average growth in the index so far in 2025-26 at just 1.9%, down from the 5.7% average in 2024-25. A major reason behind the dip in May's industrial performance was due to the electricity sector, which contracted 5.8%, its worst performance since June 2020, nearly five years ago. This poor performance in electricity generation can be put down to an unusually cool May, but it could also point towards lower offtake for industrial purposes. The fact also remains that the slowdown in the overall IIP has been broad-based — several key sectors have either contracted or slowed sharply. The manufacturing sector slowed to a growth of 2.6% in May, down from 5.1% in May last year. A deeper look shows that this slowdown was driven by contractions in the manufacture of textiles, leather products, chemicals, pharmaceuticals, electronics, and furniture. While some of these are core sectors, most are consumer-facing, implying that demand in the economy is not picking up, and may even be slackening further. This is backed by the fact that the consumer durables and nondurables sectors simultaneously contracted for the first time since November 2023. A sub-sector analysis of this data further reinforces the takeaway that demand is weak. Within consumer durables, the IIP data showed significant contractions in the production of footwear, books, plastic furniture, shaving razors, stainless steel utensils, computers, phones, air-conditioners and coolers. These are all items of discretionary spending, not strictly essential, which implies that people are holding off on their purchases. Even among consumer non-durables, the items that have seen contractions — such as meat, honey, fruit juice, jams, sugar and bottled water — are those that are eschewed the quickest during lean periods. The situation does not seem to have improved much in June either. The private sector manufacturing Purchasing Managers Index report, released on Tuesday, shows that while demand for intermediate goods is doing well, the same cannot be said for either capital or consumer goods. In recent interviews, Finance Minister Nirmala Sitharaman has expressed confidence that urban demand is recovering and that Budget 2025's tax breaks will boost demand by the time the festival season rolls around. The progress of the monsoon so far indicates that rural demand may indeed pick up by then, but urban demand remains a worry. With trade remaining subdued and uncertain, domestic demand weakness does not augur well for the economy in 2025-26.
Economic Times
2 hours ago
- Economic Times
Jerome Powell says Fed would have cut rates already, but Trump's tariffs are getting in the way
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Economic Times
2 hours ago
- Economic Times
Horoscope Today, 2nd July 2025, Daily Astrological Predictions for All Zodiac Signs: Taurus, Cancer, Leo, Pisces, and Capricorn can gain today.
ET Online Horoscope Today, (2nd July 2025): Taurus, Cancer, Leo, Pisces, and Capricorn can gain today. Planetary transits support grounded decision-making. There can be gains from emotional wisdom and dynamic action. Mercury is in the Cancer sign, and Venus is in the Taurus sign. Many signs benefit from smoother conversations. This can heighten your material comfort. Horoscope Today offers stability and direction. Your celestial energies align to empower inner clarity and external progress. Mars gives you the drive to lead. Ketu in the Leo sign may provoke impatience. Your professional breakthroughs are likely. Focus is necessary; you need to jump the gun. Relationships may require your attention. You should neglect the emotional connection. The Moon in the Sixth House can trigger health concerns. Lucky Colour: ScarletLucky Number: 9Tip of the Day: Don't confuse speed with success; pace More: Weekly Horoscope Aries, 30th- 6th July 2025 Monthly Horoscope Aries, July 2025 Venus is transiting from the Taurus sign. This enhances charm and draws people closer. You may attract opportunities in love, luxury, or finance. Mercury can help make insightful decisions. Horoscope Today promises joy in both romance and personal growth. The Moon in the Fifth House can give financial gains. Lucky Colour: Soft PinkLucky Number: 6Tip of the Day: Let your heart guide material More: Weekly Horoscope Taurus, 30th- 6th July 2025 Monthly Horoscope Taurus, July 2025The Sun and Jupiter are in the Gemini sign. This can energise you, giving clarity and optimism. You need to be aware of overextending yourself. Jupiter can exaggerate things. Communicate clearly and manage your time wisely. Horoscope Today encourages intellectual pursuits and financial Colour: Lemon YellowLucky Number: 5Tip of the Day: Avoid scattering your energy; choose one main More: Weekly Horoscope Gemini, 30th- 6th July 2025 Monthly Horoscope Gemini, July 2025Mercury in the Cancer sign boosts your emotional intelligence. It is a great time to connect with others. Your words carry healing energy. Financial intuition is strong. There can be gains in home-related investments. Horoscope Today supports nurturing both yourself and Colour: Pearl WhiteLucky Number: 2Tip of the Day: Speak from the heart, and others will feel More: Weekly Horoscope Cancer, 30th- 6th July 2025 Monthly Horoscope Cancer, July 2025Mars is transiting from the Leo sign into your sign. This magnifies your strength, confidence and assertiveness. Ketu is also present with the Leo sign. This avoids impulsive choices. You can use this high-energy day to pitch ideas. You can take bold steps or start new ventures. Horoscope Today focuses on strategic Colour: Golden OrangeLucky Number: 1Tip of the Day: Control the flame, don't let it burn More: Weekly Horoscope Leo, 30th- 6th July 2025 Monthly Horoscope Leo, July 2025The Moon is transiting from the Virgo sign into your sign. Your emotions are likely to stabilise. You should review recent events with a clearer mind. The Venus transit into the Taurus sign can support your career and financial matters. You should show consistency. Horoscope Today favours reflection over Colour: Forest GreenLucky Number: 4Tip of the Day: Let recent lessons shape your next More: Weekly Horoscope Virgo, 30th- 6th July 2025 Monthly Horoscope Virgo, July 2025 Venus, your ruling planet, is transiting from the Eighth House. This can cause obstacles. There can also be unexpected gains. Mercury in the Cancer sign may stir nostalgia. You should avoid dwelling on the past and focus on your present. Your Horoscope Today supports home-related Colour: LavenderLucky Number: 7Tip of the Day: Beautify your space to boost mental More: Weekly Horoscope Libra, 30th- 6th July 2025 Monthly Horoscope Libra, July 2025 Mars, your Lagna Lord, fuels your ambition. Saturn in the Pisces sign offers a grounding influence. You should strive for discipline and avoid dictating your choices. Relationships may test your patience. Take a deep breath before responding. Horoscope Today encourages strategic decisions and physical Colour: BurgundyLucky Number: 8Tip of the Day: Slow and steady will outlast impulsive More: Weekly Horoscope Scorpio, 30th- 6th July 2025 Monthly Horoscope Scorpio, July 2025Jupiter, your Lagna Lord, is transiting from the Gemini sign. There can be gains from learning, travel, and professional growth. Your distractions are many. You should stay centred. Romance is uplifting if plans are spontaneous. Horoscope Today can keep you inspired. There can also be gains from unexpected Colour: IndigoLucky Number: 3Tip of the Day: Say yes to experiences, no to More: Weekly Horoscope Sagittarius, 30th- 6th July 2025 Monthly Horoscope Sagittarius, July 2025Saturn, your sign Lord, helps you stay disciplined today. Venus favours wise spending and long-term investments. You can have emotional clarity in conversations. Horoscope Today emphasises structure, strategy and maturity in all affairs. The Moon in the Ninth House can enhance your financial fortune. Lucky Colour: Slate GreyLucky Number: 10Tip of the Day: Use your calm approach to solve More: Weekly Horoscope Capricorn, 30th- 6th July 2025 Monthly Horoscope Capricorn, July 2025: Rahu is transiting from the Aquarius sign. Mercury transiting from the Sixth House can trigger health challenges. You need to ground your emotions. Technology and social networks can bring luck. Your Horoscope Today supports long-range visions. The Moon in the Eighth House can trigger career-related challenges. Lucky Colour: Electric BlueLucky Number: 11Tip of the Day: Dream boldly but implement More: Weekly Horoscope Aquarius, 30th- 6th July 2025 Monthly Horoscope Aquarius, July 2025 Saturn is transiting from the Pisces sign into your sign. This continues to test your patience and priorities. Venus is transiting from the Third House. There can be gains from siblings, business and contractual assignments. Horoscope Today emphasises the importance of being honest with yourself. It can give spiritual Colour: Sea GreenLucky Number: 12Tip of the Day: Accept the lesson before you chase the More: Weekly Horoscope Pisces, 30th- 6th July 2025 Monthly Horoscope Pisces, July 2025 Written by: Anand Sagar Pathak of Also Read: Numerology Horoscope Today, July 2nd , 2025 Disclaimer Statement: This content is authored by a 3rd party. 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