The city's 24-hour Air Quality Index, recorded at 4 pm every day, stood at 418, up from 334 the previous day, and it may trigger stringent restrictions under the third stage of the graded response action plan to mitigate hazardous conditions.
Under regulatory scanner, Bengaluru-based Ola Electric has witnessed an uptick in its sales after facing a decline during the last few months. The company's daily average sales rose to 1,154 units in October, according to Vahan data from the Ministry of Road Transport and Highways (MoRTH). With sales reaching 17,315 units between October 1 and October 15, the company has also boosted its market share to 34 per cent, up from 27 per cent in September, in the electric two-wheeler (e2W) segment.
The controlling shareholders of smaller and mid-sized companies are reducing their stakes at levels seldom seen since the 2008 global financial crisis. Over 20 per cent of companies listed on BSE MidCap and BSE SmallCap have seen a decline in promoter holdings for five consecutive quarters, reveals data from DSP Mutual Fund, shared with Business Standard. In the latest June quarter, the figure stood at 22.6 per cent.
'Domestic investors are opening up to the idea of high-growth Internet companies as a pool of value creation.' 'They like the execution that they see with Zepto, and for us, that is the most important factor.'
For those looking for more affordable options, purchasing an under-construction property could be a smart move, as these generally cost less than ready-to-move-in properties.
The Indian markets have seen a good run in the last three months with the S&P BSE Sensex rising around 7 per cent and the Nifty50 moving up 7.5 per cent. The next leg of the market rally from here on, analysts suggest, will be driven by a growth in corporate earnings over the next few quarters. That said, they do not expect material / sharp downgrades to India Inc's earnings estimates despite headwinds for the economy.
The IMD dispelled fears by forecasting a normal monsoon for June-September. Rainfall is expected to be 98 per cent of the long period average, significantly higher compared to last year's 77 per cent LPA.
There are no plans of creating artificial rain.
Monsoon is likely to be 96 per cent of the long period average
Also, the monsoon this year may end up being the driest since 2015, which recorded a rainfall deficit of 13 per cent, they said.
India recorded 125 extremely heavy rainfall events during September and October of 2021, the highest in five years, owing to late withdrawal of the southwest monsoon and higher-than-normal low-pressure systems, India Meteorological Department (IMD) said on Tuesday.
South-west monsoon is likely to be below normal this season, government announced on Wednesday raising concerns about its impact on agriculture and economy.
The met department said that rainfall in August is projected to be within the normal range at 97% of LPA. In August and September, India receives around 43 mm of rainfall.
There has been no change in Tata Steel's strategy on operations in the United Kingdom (UK), company chairman N Chandrasekaran has told shareholders. The statement comes amid growing concern about the restructuring plan in the face of change in government in the UK. Tata Steel's plan for the UK entailed a 1.25 billion investment plan agreed upon by the Conservative party-led government in September last year.
India's steel market is out of step with global trends. Global demand is weak with China at a huge supply surplus to its domestic demand, pushing down global steel prices. India's domestic demand for steel is strong, given the continuing infrastructure push and is likely to accelerate as urbanisation improves, and the auto sector continues to grow alongside the infrastructure push.
Three of the 36 sub-divisions -- West Uttar Pradesh; Haryana, Chandigarh and Delhi; and Telengana -- got scanty rains with deficiency of 67 per cent, 64 per cent and 60 per cent respectively.
Rain in the June-September season will be 87 per cent of the long-period average, compared with 93 per cent forecast in June, Ajit Tyagi, director general at India Meteorological Department said. Rainfall could be 4 per cent more or less than the estimate, he said.
With the India Meteorological Department declaring 2007 the fourth warmest year on record since 1901, evidence of global warming on the Indian climate is crystallising. The annual mean temperature in the country was recorded 0.55 degree Celsius higher than normal
Steel companies are witnessing margin pressures in Q2FY25 and this may persist until China sees growth recovery.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
The heat index in major metro cities in the country has majorly risen since 2010 compared to a decade earlier.
The onset of the southwest monsoon is being keenly watched this year as it may provide an early sign regarding its progress over the Indian subcontinent, particularly when El Nio is expected to rear its head during the latter half of the season.
'It's dull because this time the election is spread over such a long period.'
Investors with a long-term horizon and high-risk appetite seeking capital appreciation can consider investing in ELSS.
The Indian Met Department has predicted a below normal monsoon.
'An equity-based index fund should be held for more than five years to average out market volatility and achieve financial goals.'
The Met office had said Monday that significantly higher-than-normal temperatures may have an adverse impact on wheat and other crops.
In Delhi, Safdarjung, the base station for the national capital, recorded 44.2 degrees Celsius, while Mungeshpur observatory in northwest Delhi, reported 47.3 degrees Celsius.
"We are expecting that the temperature will be higher than normal in the entire northwest India and the adjoining central India, starting with Gujarat, Rajasthan and up to east Madhya Pradesh and Chhattisgarh," he said at a virtual event on 'Building Climate Resilience for the Most Heat Vulnerable'.
'There is some deep rot that has set in the Congress party. This requires an organisational surgery.'
As a prudent investor who wants to create a portfolio that will help you achieve your investment objective in a time-bound manner, Suren Kochhar explains what you should know.
Build a portfolio diversified across market caps, investment styles, and geographies.
While some carmakers are lowering their sales targets, Maruti Suzuki DZire, M&M XUV500 and Renault Duster are selling strong.
A survivalist's mindset sees Indian batsmen fail again on the first day of the SCG Test.
India's financial sector is dominated by large government-owned and private-sector banks.
The Gautam Gambhir-led Indian team management has an opportunity to decide who among KL Rahul and Rishabh Pant will be India's long-term first-choice wicketkeeper-batter in ODIs
The recent price correction in broader markets has hit cement companies hard. So far in the current month, smallcap firms like Visaka Industries, Andhra Cements NCL Industries, Sahyadri Industries, and KCP have lost 19.7 per cent, 14.3 per cent, 13.8 per cent, 13.5 per cent, and 11.5 per cent, respectively. On the contrary, largecap companies, while registering losses for the month, have seen a softer blow.
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
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