Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
By now, monsoon should have reached the central India, including parts of Madhya Pradesh, Rajasthan, eastern Uttar Pradesh and Gujarat, but it is yet to reach Maharashtra.
S&P Global Ratings on Monday retained India's GDP growth forecast at 6 per cent saying it will be the fastest growing economy among Asia Pacific nations. The GDP growth forecast for the current and the next fiscal has been kept unchanged from the forecast made in March partly on account of domestic resilience. "We see the fastest growth at about 6 per cent in India, Vietnam, and the Philippines, S&P Global Ratings said in its quarterly economic update for Asia-Pacific.
Kansai Nerolac Paints has seen its market capitalisation (mcap) erode by over 5 per cent since May 3 after posting a subpar performance in the fourth quarter of 2023-24. Weighed down by stiff competition, the company has shed Rs 1,172 crore over the past two weeks in mcap. India's largest paint maker in terms of mcap, expects double-digit growth in the industrial segment and aims to maintain margins, but its performance in decorative paints could suffer amid competition.
According to media reports, 56 people -- mostly farm labourers working in the fields -- died in Bihar while 44 people were killed across Uttar Pradesh, Jharkand and Madhya Pradesh.
The southwest monsoon which reached the country on May 30 well within its normal onset date
June 1 is the official onset date of monsoon in India when it hits Kerala.
Nationalist Congress Party president Sharad Pawar on Monday said there was no confusion within the opposition Maha Vikas Aghadi (MVA) alliance over his meeting with nephew and Maharashtra Deputy Chief Minister Ajit Pawar in Pune.
Skymet is the first major Indian weather forecasting agency to have issued a monsoon forecast for 2016.
The transmission of dengue is closely associated with three key factors -- rainfall, humidity and temperature -- that dictate the geographies in which it spreads and the transmission rate of the viral infection caused by the dengue virus (DENV), and transmitted to humans through the bite of infected mosquitoes.
Fast-moving consumer goods (FMCG) companies anticipate sustained volume pressures in the January-March quarter (Q4) coupled with sluggish rural growth during the period. Brokerages estimate top-line growth to be in low single digits in the quarter. Also, the late onset of winter had an impact on demand for winter products which range from moisturisers to hot beverages.
With monsoon rainfall 16% below the long-period average, total sowing area is down by 7% at 56.7 million hectares so far this season.
Monsoon is critical for the country's 263 million farmers and their rice, cane, corn, cotton and soybean crops because nearly half of its farmland lacks irrigation.
According to Skymet Weather, the initial surge in the Monsoon rains can be attributed to the transition of El Nino into the neutral phase.
However, it's too soon to see any trend; July rain is key.
Sources within the Congress, including those who have been members of the teams that drafted its 2019 and 2024 Lok Sabha poll manifestos, said the Karnataka government decision lacked any empirical basis.
Around 40 per cent of the country is staring at drought-like conditions ahead of the monsoon as water levels have receded sharply.
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Conditions are becoming favourable for advance of southwest monsoon over the southern part of Andaman Sea, Nicobar Islands and adjoining southeast Bay of Bengal during May 18-19, the IMD said.
After churning across the Arabian Sea for more than 10 days, Biparjoy made landfall near Jakhau Port in Gujarat on Thursday.
Opposition parties will hold the next meeting of their 26-member INDIA coalition in Mumbai on August 25 and 26, sources said on Thursday.
Any long dry spell could cause moisture stress in the standing crop during the crucial maturing stage and also make it prone to pest and disease attacks.
As the spirit of summer holiday takes over , here's looking at 15 Hindi songs whose tourist-y picturisation transported us into a feast of sights and sceneries on silver screen.
Operating margins have been the primary driver of corporate earnings in India in recent quarters, despite revenue growth suffering from weak consumer demand. Companies across sectors have reported a sharp improvement in earnings before interest, tax, depreciation, and amortisation (Ebitda) margins over the past two years, benefiting from lower commodity and energy prices. Higher margins more than compensated for slower revenue growth, resulting in double-digit growth in net profit for five consecutive quarters.
Barnes School, Devlali, is famous for its dal. But everything tastes good in the hill station air and vintage locale.
Popular doesn't always mean best. Here's why.
After a making a slow progress, the southwest monsoon is expected to gain momentum and advance further into several parts of drought-hit Maharashtra and central India.
Less-than-expected rainfall and a poor spatial distribution, experts say, can rekindle fears of a rise in food and fuel inflation that can have an impact on the RBI's monetary policy. The fear of less than optimal rainfall due to El Nino this year, analysts believe, is the biggest short-term risk for the markets, which they said has not been fully priced in yet by them. Monsoon set over Kerala on June 08, a week later than its scheduled date.
The southwest monsoon is likely to hit the Kerala coast around June 1, well within its normal date of arrival, the India Meteorological Department (IMD) said.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
Monsoon will hit Kerala between May 28 and 30, two-three days before its normal onset date of June 1, private forecasting agency Skymet said.
After a stellar run on the bourses that saw tractor stocks rise up to 52 per cent, analysts are turning cautious on the sector as muted demand trends may weigh in the near-term. Total volumes in the tractor segment for the last three quarters of the current financial year (9MFY24) have remained weak with VST Tillers, Escorts Kubota, and M&M seeing declines of 21 per cent, 5 per cent, and 3 per cent year-on-year (Y-o-Y), respectively, during the period, amid patchy rainfall, delayed crop harvest, and lower reservoir level. Across industry, total domestic sales volume so far in the current financial year (April '23 to January '24) has declined 5 per cent Y-o-Y, as per Tractor Manufacturers Association (TMA).
'Ideally, one should not time SIPs.' 'If people churn their SIP portfolios, then they are equating the concept of SIPs to lump sums.'
Several BJP leaders in the past have raised a demand for changing the name of the country from "India" to "Bharat".
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On the back of sound macroeconomic policies and softer commodity prices, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures, said the Reserve Bank's annual report released on Tuesday. It, however, added that slowing global growth, protracted geopolitical tensions and a possible upsurge in financial market volatility following new stress events in the global financial system could pose downside risks to growth. "On the back of sound macroeconomic policies, softer commodity prices, a robust financial sector, a healthy corporate sector, continued fiscal policy thrust on quality of government expenditure, and new growth opportunities stemming from global realignment of supply chains, India's growth momentum is likely to be sustained in 2023-24 in an atmosphere of easing inflationary pressures," it said.
We are all 'Chasing the Monsoon', notes Ajit Balakishnan.
If you are bullish on the consumption theme, consider specialised mutual funds that focus on this theme. Remember that such sectoral mutual funds should not make up more than 5% to 10% of your equity portfolio.
The India Meteorological Department (IMD) seems to have taken a cautious stand over the World Meteorological Organisation's (WMO) projection of a 'poor monsoon' due to a probable 'El Nino' impact. The IMD did not agree with WMO's projections, saying, "El Nino and the progress of monsoon are not mutually exclusive events", and remained non-committal over its earlier projection of a "normal monsoon" for the June-September 2009 season.
It has also advanced into most parts of Tamil Nadu, some parts of south interior Karnataka and remaining parts of south Bay of Bengal, according to IMD.
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