Mahindra & Mahindra (M&M) reported very strong results for the January-March quarter of the last financial year (Q4FY24), beating consensus comfortably. The margins of the automobile business improved 170 basis points (bps) year-on-year (Y-o-Y) to 8.8 per cent, while FES (Farm Equipment Sector) margins improved to 15.8 per cent (up 60 bps Y-o-Y), despite a decline in volumes due to cost optimisation and lower raw material costs.
Rajesh Alva takes you through the vital monsoon checklist for your two wheeler.
India must be prepared to deal with climate disasters, geopolitical confrontations, and social strife linked to global events, asserts Jayant Sinha, chairman of Parliament's Standing Committee on Finance.
Expected to be over 100% of long average period.
Six decades and more later, we are now captives of our identities. Every poll is based on elaborate calculations of electability of candidates on the basis of their castes and other narrow definers. That, along with voter promiscuity, is what defines our political culture, which remains stubbornly resistant to any change, asserts Shreekant Sambrani.
Usually, the annual monsoon forecast is released around mid-April.
It's that time of the year when everything looks greener and prettier.
The estimate is much lower than Citi's earlier growth projection of 6.4 per cent for India, which saw its economic expansion touch a nine-year low of 6.5 per cent last fiscal.
Data spanning the years 1951 to 2014 show that temperature and pressure conditions at specific locations in the Arctic region during the pre-monsoon period correlate with the Indian summer monsoon rainfall, points out Charu Bahri.
Read on to find out about the other destination trending this season.
The method is based on a network analysis of regional weather data.
The Congress' chief whip Jairam Ramesh, said, 'Today, too, the INDIA parties demanded the prime minister's presence in the Rajya Sabha to make a statement on Manipur, to be followed by a discussion.'
The arrival of the wet season that is crucial to farmers in India.
The current coal stock stands at 13.5 million tonnes at pithead power stations and 20.7 MT cumulatively at all power plants across the country.
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
He assured fears of food shortages were far-fetched.
Next week could see some respite from the heat.
India has more variations in soil type and climate than perhaps any other region in the world. Even during a normal monsoon season, many regions receive scanty rainfall while other battle with floods.
According to various meteorological reports from different countries, a raging typhoon in the West Pacific has apportioned a part of the southwesterly flow to itself, denying the Arabian Sea required moisture to flag off the monsoon in Kerala.
The IMD said that there has been an increase in the rainfall activity in Kerala and monsoon could hit the state anytime now.
Yadav said like his Rashtriya Janata Dal, the DMK headed by Tamil Nadu Chief Minister MK Stalin was a party that believed in social justice.
Aam Aadmi Party MP Sanjay Singh and other party MPs, staging a round-the-clock protest in the Parliament House Complex against his suspension, will now hold the agitation only when parliamentary proceedings are on and not during the night.
States have been told to prepare in advance to counter any impact of an adverse southwest monsoon.
A new law that defines how companies should process users' data came into force with the President giving assent to the Digital Personal Data Protection (DPDP) Act passed by Parliament in the just-concluded monsoon session. The law arms individuals with greater control over their data while allowing companies to transfer users' data abroad for processing, except to nations and territories restricted by the Centre through notification. It also gives the government power to seek information from firms and issue directions to block content.
We'd asked you, dear readers to send us your best monsoon pics. Click here to post your #Monsoon-Pics Presenting some interesting photographs we received from you.
While the IMD had forecast a 'normal' monsoon for the entire season, Skymet stated that rain this year would be 'below normal', report Sanjeeb Mukherjee and Sahil Makkar.
Congress general secretary Jairam Ramesh said the opposition parties are only reflecting the sentiments of the people of Manipur and of the country.
The move to revive the BMC's presence on Twitter was initiated by newly-appointed municipal commissioner Praveen Pardeshi who had directed civic officials concerned to come up with a Twitter handle to reach out to the people.
A monsoon holiday can be cheaper because of discounts.
El Nino is often associated with below average warmer, dry weather across Asia Pacific region.
The June-September monsoon has so far delivered 1 per cent higher rainfall than average
Banking and real estate stocks rise up to 5% on further rate-cut hope.
We invited readers to send in their interesting monsoon snapshots. Here are some more responses -- and you can share yours too!
The IMD came out with a dismaying prediction.
Automotive (auto) major Mahindra & Mahindra (M&M), which is readying to launch nine sport utility vehicles (internal combustion engine/ICE), seven Born Electric Vehicles (BEVs), and seven light commercial vehicles by 2030, has outlined an investment of Rs 27,000 crore in its auto business between 2024-25 (FY25) and 2026-27 (FY27). Over the next three years, the company will deploy Rs 37,000 crore, including its auto business, farm business (Rs 5,000 crore), and service business (Rs 5,000 crore).
With sales of cooling products turning out dismal this summer due to unseasonal rains, the stocks of related companies are now off their March highs. Shares of fan and air conditioner makers such as Voltas, Symphony, Orient Electric, Johnson Controls-Hitachi Air Conditioning and Crompton Greaves are down 5-23 per cent since March when the summer season saw a firm onset. In comparison, the BSE Sensex index is up 10 per cent.
Chairman of the committee S S Ahluwalia has sought an extension.
While a normal rainfall signals growth and prosperity, a below normal rainfall could spell disaster making food more expensive, aggravating the power, water shortage, hitting industrial production which in turn will put more pressure on the government's kitty.
'Due to rural stress, volumes continue to remain an issue for the industry, and we are yet to see any revival in demand.'
After a week's delay due to Cyclone Phet, the south-west monsoon finally restarted on its course on Monday, according to the India Meteorological Department.
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