21 JUNE 2025 FACT RECORDER
Business Desk: Core Sector Growth Slows to 0.7% in May; UCO Bank Wins Digital Innovation Award, Tata Motors’ Shubhranshu Singh Named Among Forbes’ Most Influential CMOs India’s eight core industries recorded a growth of just 0.7% in May 2025 — the lowest in the past nine months. The slowdown was primarily driven by weak performance in crude oil, natural gas, fertilizers, and electricity. In comparison, the core sector grew by 6.9% in May 2024. The last time growth dipped this low was in August 2024, when output had declined by 1.5%.
Sector-Wise Performance:
Decline Registered In:
Crude Oil: -1.8%
Natural Gas: -3.6%
Fertilizers: -5.9%
Electricity: -5.8%
Growth Seen In:
Cement: +9.2%
Steel: +6.7%
Coal: +2.8%
Refinery Products: +1.1%
For the first two months of the current fiscal year 2025–26, the average growth across these eight sectors has been 0.8%.
UCO Bank Wins Digital Payment Innovation Award
UCO Bank has been honoured with the prestigious Digital Payment Innovation Award by the Department of Financial Services (DFS), Ministry of Finance. The award recognizes the bank’s outstanding contribution to promoting digital transactions and innovation during 2022–23 and 2024–25. UCO Bank ranked third nationally in the DFS Digital Scorecard for 2024–25, especially for its advancements in UPI innovations and expanding digital access.
Shubhranshu Singh Among Forbes’ Most Influential CMOs
Shubhranshu Singh, Chief Marketing Officer of Tata Motors Commercial Vehicles, has been featured in Forbes’ 2025 list of the World’s Most Influential CMOs. The list acknowledges marketing leaders who are redefining the role of the modern CMO through brand innovation and data-driven strategies. Singh has led transformative campaigns that have strengthened Tata Motors’ image as a trusted and innovative brand.
