Biz Resumption Activity Declines For Second Week: Nomura

Power demand declined for the third consecutive week, contracting by 3.6 per cent, and the labour participation rate also fell to 39.8 per cent from 41.1 per cent previously. Business resumption activities declined for the second consecutive week after a multi-week increase since the ebbing of the second wave of the pandemic, Japanese brokerage Nomura said on Monday. The Nomura India Business Resumption Index fell to 95 for the week ended August 1, from 95.9 in the previous week, a statement from the brokerage said, adding that the level of…

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