Newsmakers: Services sector improves, Manchester United signs on HCL and more

Services sector improves in Aug: Services sector improved further in August as new orders received by private firms increased at the fastest rate in five months. The Nikkei India Services Business Activity Index, which tracks changes in activity at service companies on a monthly basis, rose from 50.8 in July to 51.8 in August, pointing to a faster, although modest, expansion in output.

RBI hires ex-Nomura trader to boost market intelligence: The Reserve Bank of India (RBI) has hired a former Nomura algorithmic trader, officials said, taking a rare step to recruit externally as it seeks expertise needed to make India's financial markets deeper and more responsive to monetary policy moves.

Govt asks auto industry to adopt Euro VI emission norms: Road Transport Minister Nitin Gadkari indicated on Wednesday that the government may not be in position to extend the deadline for compliance with the stricter Euro VI emission norms and urged the auto industry to upgrade its technology at the earliest.

Section of new India-Thailand highway operational: The Myawaddy-Thinggan Nyenaung-Kawkareik section of Asian Highway No. 1, linking India to Thailand via Myanmar, has been put into service. However, if you intend to take a road trip from India to Thailand, you will have to wait till November when the entire highway is expected to become operational.

Manchester United signs on HCL Tech: Manchester United, the world's most valuable football brand, has signed on the Indian software services major HCL Technologies to bring about its digital tranformation including, revamping its website and app.