Addressing a press conference virtually, India Meteorological Department Director General Mrutyunjay Mohapatra said September was likely to witness normal rainfall in the range of 91-109 per cent of the long period average of 167.9 mm.
The island city, eastern suburbs and western suburbs recorded average 57.63 mm, 76.94 mm and 90.50 mm rainfall, respectively, between 8 am and 6 pm.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The Supreme Court of India has directed all high courts, state governments, and union territories to ensure the availability of separate toilet facilities for men, women, persons with disabilities (PwDs), and transgender persons in all court premises and tribunals across the country. The court stressed the importance of public health and the right to privacy, stating that adequate public toilets protect women and transgender persons. The court also expressed concern about the condition of public toilets near toll plazas on national highways and emphasized the need for proper sanitation facilities in court premises for judges, advocates, litigants, and staff members. This decision highlights the importance of access to basic amenities in ensuring a fair and dignified justice system.
Equities are the go-to asset class as far as ultra-long-term returns are concerned. Over the past 123 years, global equities have provided an annualised real return of 5 per cent in US dollar terms, while bonds have delivered 1.7 per cent and short-term bills just 0.4 per cent, according to Credit Suisse's Global Investment Returns Yearbook 2023. In collaboration with the London Business School, Credit Suisse has analysed over 100 years of returns for key asset classes in 35 countries.
Anirudha Srikkanth heaped praise on talisman batter Virat Kohli's captaincy and said that he was the reason why India could win Tests outside home soil.
India has recorded the second-highest increase in domestic airfares in the Asia-Pacific (APAC) and West Asian regions, climbing by 43 per cent in the first half of 2024 compared to pre-pandemic levels in 2019, second only to Vietnam (63 per cent). India ranks third in fare increases during the same period in international skies, behind the United Arab Emirates (UAE) and Malaysia. The airfare study conducted by Airports Council International (ACI), which represents 617 airports in this region, was done in partnership with Flare Aviation Consulting.
'The long maturity of these funds makes them well-suited for long-term financial goals such as saving for retirement or children's education or marriage.'
Monsoons have had limited effect on market returns for a given year, report Sachin Mampatta and Sundar Sethuraman.
Driven by a boom in domestic tourism, a record number of weddings in November and December, and a surge in extended weekend vacations.
Smith has rarely, if ever, doubted his own talent but even he was aware that his spell at the top of the order was proving unpopular.
Cyclone 'Biparjoy', the first storm brewing in the Arabian Sea this year, has rapidly intensified into a severe cyclonic storm, with meteorologists predicting a 'mild' monsoon onset over Kerala and 'weak' progress beyond southern peninsular under its influence.
Australia's senior batter Steve Smith said the last three years have been the most challenging because of Kookaburra changing their ball in 2020.
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
As the month ended with 33 per cent deficiency, which translates to around 67 per cent of the Long Period Average, several parts of the country have been witnessing drought-like situation.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The sharp correction in the Indian markets from their peak levels has made valuations attractive, say analysts, who advise buying selectively, but only from a long-term perspective. Fifty-six of the Nifty 100 stocks, according to Mahesh Nandurkar, managing director at Jefferies, now trade below the 10-year historical averages, including stocks in financial, select auto, and pharma sectors. "Valuation (one-year forward consensus price-to-earnings, PE) has declined 25 per cent from October 2021 peak, almost matching the 33 per cent price-earnings contraction during the 2011 tightening cycle when repo rates went up by 375 basis points (bps) versus 250 bps this cycle.
'To be able to sail through such volatilities, it is prudent to focus on quality.'
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
With El Nino emerging, forecasts rainfall at 95% of long-period average.
A BEST electric bus, traveling at a speed of 46 kmph, collided with a crowd in Kurla, Mumbai, killing seven people and injuring 42 others. The driver, Sanjay More, has been arrested for reckless driving. The accident has raised concerns about speed limits and training for drivers of automatic transmission buses.
Premier pacer Jasprit Bumrah was on Friday named vice-captain of India for the upcoming three-match home Test series against New Zealand, strongly indicating his possible elevation to the leadership role when the team travels to Australia from next month.
Gross GST collection grew 9 per cent to over Rs 1.87 lakh crore in October on higher revenues from domestic transactions. The Central GST collection stood at Rs 33,821 crore, State GST at Rs 41,864 crore, Integrated IGST at Rs 99,111 crore and cess at Rs 12,550 crore.
'You should keep your sleep time and wake up time fixed.' 'Avoid caffeine-containing drinks after 5 pm.' 'Avoid a heavy dinner.' 'Avoid alcohol or any stimulants, like nicotine.'
Passive funds tracking the National Stock Exchange Nifty Next 50 Index have seen their assets under management (AUM) more than double in the past year. The index's growing popularity can be attributed to its robust 50 per cent return over the same period. Currently, the AUM of funds tracking the Nifty Next 50 index stands at nearly Rs 30,000 crore.
'Shreyas Iyer likes a challenge, tough situations, playing against the top teams.'
'We are getting to understand the mind of this generation.' 'Minor tweaks are being made to ease the process as we go along.'
The future of some senior India players will be decided after the tour of Australia as the BCCI evaluates the shocking 0-3 drubbing against New Zealand at home while rolling out a structured phaseout policy before the start of the next WTC cycle.
Nobel laureate economist Abhijit Banerjee has said the current situation in Bangladesh is unlikely to trigger a fresh round of exodus of minority Hindus into India. He believes that migration is primarily driven by social networks and economic opportunities rather than persecution. Banerjee, known for his work in poverty alleviation, further emphasized that India's overt preference for Hindu migrants from Bangladesh in the past has been a significant factor in their migration, rather than attacks on the community.
All parts except Northeast may get below-normal rain; govt reiterates assurance on preparations.
Australia's chief selector George Bailey has cautioned against repeating the mistakes made in the aftermath of leg-spinner Shane Warne's retirement when long-standing opener David Warner finally calls time on his Test career.
The southwest monsoon is set to make its exit in style, bringing rains to the parched parts of Uttar Pradesh and Bihar, as weather forecasters have picked up signs of formation of a cyclonic circulation over Bay of Bengal. Addressing a press conference in New Delhi, India Meteorological Department (IMD) director general Mrutyunjay Mohapatra on Thursday junked last week's forecast of early withdrawal of southwest monsoon and announced the extended stay of the seasonal showers. "Even though we expected early withdrawal of the southwest monsoon, a cyclonic circulation over west-central and adjoining northwest Bay of Bengal will shift the monsoon trough southwards around September 7.
For the first time in history, the luxury car market is poised to cross the sales mark of 50,000 units in 2024, with Mercedes leading the way
Expected to be over 100% of long average period.
'Investors may have made money in mid and smallcaps due to market momentum, but now they need to focus on fundamentals.'
'A long-term investor with a 4 to 5 year horizon could invest in this theme via SIPs.'
'Despite the current uncertainties, the long-term outlook remains constructive due to strong fundamentals, government initiatives, and a stable banking sector.'
With different agencies showing divergent predictions regarding the southwest monsoon, the central government and states are gearing up to face adversity with various line ministries reportedly being directed to undertake mock drills and hold preparatory meetings. Around 56 per cent of the net cultivable area of the country is rain-fed, accounting for 44 per cent of foodgrain production. The June-September rains contribute around 73 per cent of the annual precipitation.
It has also predicted a below normal monsoon for the season with a Long Period Average of 93 per cent, subject to the error margin of 5 per cent.
Bank credit growth is expected to moderate this financial year after a robust 16 per cent estimated for last financial year, driven by strong economic activity and retail credit demand. There are three reasons for this: a statistical high-base effect given the strong growth seen last financial year, revision in risk weights by the Reserve Bank of India (RBI), and relatively slower economic activity.
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