ICICI Bank was the top gainer after stable rating for its senior unsecured bonds by S&P Global Ratings.
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.
The maximum damage has been reported from Mandi, Kangra and Chamba districts, he said, adding that so far 36 weather-related incidents have been reported from the state.
'Very heavy with isolated extremely heavy rainfall (>200mm) forecasted for N Konkan including Mumbai in 24 hrs. Entire west coast very active monsoon'
Mumbai and its adjoining areas were lashed by heavy showers on Tuesday, causing water-logging at a number of places, including railway tracks, which slowed the movement of trains and vehicles on roads.
'A weak monsoon always spells disaster. But it's too early to have a pessimistic view.'
Delhiites woke up to the sound of thunder and lightning this morning and, according to the weather department, the city recorded 117.9 mm rainfall from 5:30 AM to 2.30 PM.
Vegetable rates may ease from September, led by tomato prices, which have started showing signs of correction on the back of increased supply, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Wednesday. "Looking ahead, the spike in vegetable prices in July is starting to see a correction, led by tomato prices. "New arrivals of tomatoes in mandis are already softening the prices, coupled with proactive supply management in the case of onions.
Gold discounts in India, the world's second-biggest consumer, widened this week as dealers struggled to offload stocks amid sluggish demand.
About 60 per cent of the total cultivable area of 140 million hectares is rain fed, but monsoon has stopped in its tracks over Konkan region of Maharashtra on June 7, although it arrived earlier than usual on May 23. There were fears that a poor monsoon could hit the economy, which is already suffering from the global slowdown.
Met department assures rains are likely to revive from next week
After tabling the Survey, Jaitley told reporters that fiscal deficit for the current year will be 4.5 per cent which needs to go down further in the next two years.
However, the areas under paddy - the biggest cereal grown during the kharif season - continue to be less than last year, mainly due to delayed onset of rains and also on account of shift towards the more lucrative maize.
This was the near-unanimous replies of 10 market participants.
A large number of people, including senior citizens, women and children were airlifted from isolated buildings
Around 300 people, mostly tourists, are stuck in camps at Chandertal, located at an altitude of 14,100 feet, following rain and snowfall in the region.
The Santacruz observatory recorded 286.4 mm rainfall during the 24-hour period ending at 8.30 am on Wednesday, making it the fourth highest rainfall in Mumbai since 1974, an Indian Meteorological Department official said.
Movement of rupee and crude oil prices will also dictate the trend
Incessant showers lashed Mumbai and its neighbouring areas on Wednesday morning, leading to flooding in many low-lying areas and traffic snarls on roads.
Today, with the Lok Sabha polls only months away, any inter-state dispute over the Cauvery water dispute has the potential to take more political turns than otherwise, predicts N Sathiya Moorthy.
Some low-lying places like Hindmata, and areas in Dadar and Sion, including the Gandhi Market and road number 24 in Sion, were inundated, forcing pedestrians to wade through the water and making it difficult for motorists to commute.
Prime Minister Modi last week called for optimal grain storage, fire audits and mock drills in hospitals as preparations for the harsh summer forecast by the meteorological department.
Poor rainfall has also depleted water reservoirs levels, which is likely to impact the winter crops.
It will save you the embarrassment of wading through waterlogged roads in a broken down car.
It was the second straight week of gains for the benchmarks.
According to the India Meteorological Department (IMD), the Ayanagar weather station recorded 99.2 mm rainfall, the maximum in the city, during the 24-hour period ending at 8.30 am on Thursday.
Though agriculture ministry officials are confident of a bumper harvest due to record increase in kharif acreage, experts and farmers said the on-ground situation in some crops is not that encouraging as incessant rains since the last few weeks and pest attack could impact the final yield.
Churu in Rajasthan is sizzling with a record temperature of 50 degree Celsius.
Consumer goods companies remain hopeful of good rainfall this year despite the prediction of a possible drought-causing El Nino weather phenomenon in August-September.
Surplus rain water gushed out of reservoirs while several roads here resembled swollen rivers and four persons were killed in rain related incidents in Tamil Nadu and over 60 houses suffered damage, authorities here said on Monday.
Metal stocks also had a good session, with JSW Steel zooming by 7%, and Tata Steel and Nalco gaining about 3% each.
The India meteorological department has stated that day temperatures are likely to be above normal by 0.5 degree Celsius, reports Sanjeeb Mukherjee.
'When we talk of disaster, it is a combination of hazard and vulnerability.' 'If we reduce vulnerability, it will remain a hazard.'
Nearly half a million people in Pakistan have been hit by the deadliest flood in the country's history that has claimed over 230 lives, as authorities braced to save major towns along the swollen Chenab river, which has left a trail of devastation.
The IPCC has blamed man-made emissions for warming of the globe and long term climate change. Limiting climate change, therefore, will require substantial and sustained reduction of greenhouse gas emissions. This is the message to politicians and policy makers of the world, says Dinesh C Sharma
Vegetable arrivals at mandis, especially in Maharashtra, have declined by more than 50 per cent since the beginning of the month.
Cooler weather meant that demand for milk products and value-added items like buttermilk and ice-cream did not show the usual rise.
Prices are likely to rise further as demand grows in coming months due to festivals
Maharashtra Chief Minister Eknath Shinde reviewed the rain situation on Tuesday and said over 3,500 people had been shifted to safer places from flood-prone and vulnerable spots across the state, where several districts, including Mumbai, experienced downpour.
Auto industry volumes have grown by 2.5 per cent overall, led by domestic sales of three-wheelers, two-wheelers and passenger vehicles (PVs) in the first quarter of this financial year. Analysts predict an 18 per cent growth in revenues for automotive original equipment manufacturers (OEMs) and profit growth of 69 per cent year-on-year (YoY). However, on a sequential basis, a decline in revenues as well as earnings before interest, taxes, depreciation, and amortisation (Ebitda) margins is expected.
