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India’s Eight Core Industries Output Climbs 6.6 Per cent in July 2018

India’s index of eight core industries recorded a 6.6 per cent growth in July 2018 when compared to the reading recorded during the same period last year.

The combined index of eight core industries stands at 128.4 in July, this year while its cumulative growth during April to July, 2018-19 was 5.8 per cent, according to the data released by the government on Friday (31).


India’s coal production (weight 10.33 per cent) increased by 9.7 per cent in July 2018 over July 2017. Its cumulative index increased by 12.3 per cent during April to July 2018-19 over the corresponding period of the previous year.

Crude oil production (weight: 8.98 per cent) declined by 5.4 per cent in July, 2018 over July, 2017. Its cumulative index declined by 3.2 per cent during April to July, 2018-19 over the corresponding period of previous year.

Natural gas production (weight: 6.88 per cent) declined by 5.2 per cent in July, 2018 over July, 2017. Its cumulative index declined by 1.1 per cent during April to July, 2018-19 over the corresponding period of previous year.

Petroleum Refinery production (weight: 28.04 per cent) increased by 12.3 per cent in July, 2018 over July, 2017. Its cumulative index increased by 8.0 per cent during April to July, 2018-19 over the corresponding period of previous year.

Fertilizers production (weight: 2.63 per cent) increased by 1.3 per cent in July 2018 over July 2017. Its cumulative index increased by 3.7 per cent during April to July 2018-19 over the corresponding period of the previous year.

Steel production (weight: 17.92 per cent) increased by 6.0 per cent in July 2018 over July 2017. Its cumulative index increased by 3.2 per cent during April to July 2018-19 over the corresponding period of the previous year.

Cement production (weight: 5.37 per cent) increased by 10.8 per cent in July 2018 over July 2017. Its cumulative index increased by 14.7 per cent during April to July 2018-19 over the corresponding period of the previous year.

Electricity generation (weight: 19.85 per cent) increased by 4.8 per cent in July 2018 over July 2017. Its cumulative index increased by 4.8 per cent during April to July 2018-19 over the corresponding period of the previous year.

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Frasers slams Debenhams over £222 million pay scheme

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  • Debenhams pushes ahead with executive pay scheme worth up to £222 m without shareholder approval.
  • CEO Dan Finley could earn up to £148 m if share price reaches £3 over next five years.
  • Frasers Group, holding 29.7 per cent stake, calls move "utterly disgraceful" amid long-running corporate tussle.
Struggling British online fashion retailer Debenhams has sparked outrage from its biggest investor after deciding to implement a new executive pay scheme worth up to £222 million without seeking shareholder approval.

Frasers Group, which holds a 29.7 percent stake in Debenhams, condemned the move through its chief financial officer Chris Wootton on Thursday. "Typical corporate governance from them, utterly disgraceful," Wootton said, criticising the retailer's decision to bypass investors.

Under the new incentive scheme, Debenhams CEO Dan Finley could earn up to £148 m and CFO Phil Ellis up to £14.8 m if the company's share price hits £3 over the next five years. Debenhams shares were trading at 22.25 pence on Thursday, down 3.3 percent.

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