IMD Director General Mrutunjay Mohapatra said the department's modelling indicate formation of a cyclonic storm around May 9, but its movement and intensification may be determined after the low pressure area actually forms on May 7.
India's unemployment rate surged to a one-year high of 8.3 per cent in August as employment sequentially fell by 2 million to 394.6 million, according to data from the Centre for Monitoring Indian Economy (CMIE). During July, the unemployment rate was at 6.8 per cent and the employment was 397 million, the CMIE data added. "The urban unemployment rate is usually higher at about 8 per cent than the rural unemployment rate, which is usually around 7 per cent.
From Indian poet and philosopher Thiruvalluvar to English great William Shakespeare, Lok Sabha members quoted extensively from literature to put across their arguments as they raised the Manipur issue during a debate on the no-confidence motion over the past two days.
Indian equity markets had a good run in the first half of calendar year 2023 (CY23), with the S&P BSE Sensex and the National Stock Exchange Nifty50 hitting fresh 52-week highs. While the Sensex scaled up to a peak 64,718, the Nifty50 hit Mt 19,189. As the markets now prepare to enter the second half (H2) of CY23, all eyes are on global central banks, especially the US Federal Reserve, as to when they will pause and pivot as regards their interest-rate cycle.
The industry expects Iran to purchase at least 1 million tonnes this financial year
An interesting version of the classic puran poli.
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.
The festive season will mean business for the steel industry as it is the time when automotive and consumer appliance companies bump up demand to prepare for higher sales, experts have said. Ranjan Dhar, chief marketing officer at ArcelorMittal Nippon Steel India (AM/NS India), said that bookings by auto and consumer appliance industries are 20 per cent higher ahead of the festive season compared to last year. "While this could be for a couple of months, it could normalise later at approximately 10 per cent," he said.
The monsoon session of Parliament which saw many disruptions since it began on July 20 over the Manipur violence issue, is set to become more turbulent with the government likely to introduce a bill in the Lok Sabha to replace the Delhi services ordinance.
Perhaps Sports Minister M S Gill was right when he compared the tardy build-up to the Commonwealth Games with a typical Indian monsoon wedding. And, as is the case with all Indian wedding receptions, in the end everything fell into place.
Setting the stage for confrontation in Parliament, an all-party meeting called in New Delhi on the eve of the monsoon session on Monday ended in a deadlock over controversies related to the Lalit Modi and Vyapam scam even as Prime Minister Narendra Modi offered to discuss all issues. The government ruled out any resignations.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
Cement manufacturers' show during the June 2023-ended quarter (Q1FY24) has indicated an intensified slugfest for market share. For instance, Dalmia Bharat (Cement) said it has lost market share in eastern India owing to lack of price discipline. Industry analysts also said that the seasonal weakness in cement prices for Q1 is showing up earlier than usual.
I remember a showbiz wedding during which guests had to sit through several painstakingly rehearsed but awkward dances performed by the bride's and groom's relatives. When Karan rolled his eyes, I smiled and said to him, 'You started it, now you suffer it.' An enchanting excerpt from Anupama Chopra's A Place In My Heart.
Aseem Chhabra lists his favourite Indian films of 2021.
The graphic above shows the number of heat wave deaths in India each year since 1967.
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 government has identified nine key focus areas in the AI national programme, including agriculture, education, Indian languages, smart cities, cybersecurity, transportation, and finance.
Ahead of the monsoon session of Parliament, Lok Sabha Speaker Om Birla on Saturday sought cooperation of all parties for the smooth conduct of proceedings with "decency, dignity and discipline", even as the Opposition demanded discussion on the Agnipath scheme, unemployment and farmers' issues.
Union Home Minister Amit Shah introduced the bill in the Upper House of Parliament. He said the proposed legislation is aimed at providing effective and corruption-free governance in the national capital.
'The idea of subversive activities is so vague that it could include making fun of the government, being critical of the government.'
From issuing whips to arranging ambulances for their ailing leaders, opposition parties from the newly-formed Indian National Developmental Inclusive Alliance (INDIA) bloc are making all-out efforts to ensure that they get 100 per cent attendance of their MPs in the Rajya Sabha to give the Bharatiya Janata Party a tough fight on the Delhi services bill next week.
Moody's Investors Service on Thursday slashed India's economic growth projection for 2022 to 7.7 per cent, saying that rising interest rates, uneven monsoon, and slowing global growth will dampen economic momentum on a sequential basis.
'Investors should look to incrementally allocate towards equity from a medium-to-long term horizon.'
The Government of National Capital Territory of Delhi (Amendment) Bill, 2023, which will replace an ordinance promulgated for handling the transfers and postings of senior officers in the city government, was passed in the Lok Sabha on Thursday amid a walkout by opposition parties.
Automotive (auto) and auto ancillary stocks have been in the fast lane thus far in 2023-24 (FY24), with the National Stock Exchange Nifty Auto Index surging nearly 27 per cent, outperforming the Nifty50, which has gained roughly 11 per cent during this period. The top-gear performance of auto stocks at the bourses, according to A K Prabhakar, head of research at IDBI Capital, has been triggered by the premiumisation of products across vehicle manufacturers, which has seen vehicle sales remaining relatively stable. "It is not about higher sales figures now, but about premiumisation.
Sedition, which provides a maximum jail term of life under Section 124A of the IPC for creating "disaffection towards the government", was brought into the penal code in 1890, 57 years before Independence and almost 30 years after the IPC came into being.
The experts said that the thicker coats, high parasite load and moisture create a perfect recipe for dermatitis with fly strike on top of it compounding the infection and compromising the skin's integrity.
As the kharif season is setting in, India is scrambling to source fertilisers from the international market. It is set to sign long-term contracts - especially with Morocco and Latin American countries - to ensure steady flow of supplies. "We have to source fertilisers wherever it is available because crops have to be secured.
The sharp rally in the broader markets has propelled India's market capitalisation (m-cap) to a new high. The combined m-cap of all BSE-listed firms rose to Rs 291.9 trillion in intraday trade on Thursday before settling lower at Rs 290.9 trillion. The previous record was on December 14, 2022, at Rs 291.3 trillion.
'If we have to restrict and fight terrorism, first and foremost, we have to ensure communal harmony in the country.'
Dr Shreekant Sambrani pays tribute to M S Swaminathan, renowned agricultural scientist and a lifelong crusader against hunger who passed away in Chennai recently.
'We are in a sweet spot.' 'Equity, on a standalone basis, will continue to remain the asset class to stay invested in.'
'It's unfortunate that the prime minister prioritises his own image over the humanitarian situation that is unfolding in Manipur, prioritising his ego over the atrocities that women and tribals have had to suffer in Manipur.'
The sharp rally in the markets thus far in fiscal 2023-24 (FY24) has left analysts struggling to find investment-worthy themes. The S&P BSE Sensex has surged nearly 7 per cent thus far in FY24 and hit a fresh 52-week high of 63,601.71 levels on June 22, mostly led by foreign institutional (FII) flows. "The Indian market has seen a broad rally in the past few months but headline indices have seen more modest performance. "We are not very clear about the reasons for the rally and the divergent performance and struggle to find ideas in the consumption, investment and outsourcing sectors after the sharp run-up in several of our favored sectors and stocks in the past two months," wrote Sanjeev Prasad, co-head, Kotak Institutional Equities, in a recent co-authored note with Anindya Bhowmik and Sunita Baldawa.
Notwithstanding the fact that the country's pharmaceutical (pharma) pricing regulator has allowed a 12 per cent price increase for medicines listed under the National List of Essential Medicines (NLEM) in 2023, analysts and industry insiders predict that the overall domestic pharma industry will only witness a price hike of 5-6 per cent. This is attributed to higher competitive intensity in the market. Krishnakumar V, executive director and chief operating officer (CEO) of Eris Lifesciences, a domestic-focused pharma company, noted that the NLEM segment experienced growth suppression of around 150 basis points due to price reductions during the January to July period this year.
Several BJP leaders in the past have raised a demand for changing the name of the country from "India" to "Bharat".
The opposition strategy to corner the government on Manipur will continue in the Rajya Sabha as well, the sources said.
Gold prices this year are higher than last year, and the goods and services tax is an additional burden for consumers
Prime Minister Narendra Modi on Monday chaired a high-level meeting to review preparedness for the hot weather condition in the upcoming summer season and called for preparing separate awareness material for different stakeholders like common citizens, medical professionals, local body authorities and disaster response teams.
