Srinagar, the summer capital of the state, recorded a low of -4.2C, slightly up from the previous night's -4.9C.
Five persons were killed on Tuesday in two separate incidents of landslips triggered by incessant rains in Meghalaya's West Garo Hills district.
Weak monsoon rains could have a negative impact on India's automobile sector which is seeing early signs of improvement with the sale of passenger cars and utility vehicles rising in May.
A flood alert was sounded on Thursday in Srinagar city as River Jhelum was flowing four feet above the danger mark after incessant rain, while 23 villages have been inundated by floods in south Kashmir districts of Anantnag and Kulgam.
A good monsoon would translate into demand pickup across multiple sectors.
Weather watchers said it can't be known till May whether El Nio will impact the monsoon or not.
Ford said it had also shut its plant, with an annual capacity of 340,000 engines and 200,000 vehicles.
A dust storm also hit the national capital on Saturday and its surrounding areas that had been reeling under the scorching heat for a few days.
The deep depression in the Arabian Sea has intensified into cyclonic storm "Ashobaa" and is expected to further develop into a "super cyclonic storm" in next 24-36 hours, the weather office said on Monday.
In the first of a two-part series, Business Standard examines the impact of the upcoming summer on agriculture and drinking water supply.
A National Disaster Relief Force team was also camping in the district. Relief camps have been set up at 83 places to accommodate flood victims, officials said.
She's here. The driving winds and pelting rain of Hurricane Florence's western edge began to batter the United States East Coast, giving the region a taste of what's to come as the monster storm moves ashore. Even though the one-time Category 4 tempest has been downgraded to a Category 2, it's still packing lethal 100-mph winds and the potential for 13-foot storm surges and 40 inches of rain, officials warned.
the India Meteorological Department has forecast intermittent rain with heavy to very heavy showers in the city and suburbs and extremely heavy rain at isolated places in next 24 hours.
As many as 38 flights, including 23 domestic and nine international, were diverted from the Delhi airport to nearby cities between 6-8.45 pm.
-- More than 800,000 homes and businesses are without power in Texas and Louisiana as of Thursday morning -- Laura's 150mph winds made it the strongest hurricane to strike the US this year and in Louisiana since 1856
Around 13 million people continue to battle "catastrophic" flooding and torrential rains in storm-ravaged Texas where Hurricane Harvey has wreaked havoc.
The poll of over 30 economists, taken in the past week, showed Asia's third largest economy will expand 7.8 percent in the fiscal year ending March 2017.
Two-thirds of gold demand in India comes from rural areas where jewellery is a traditional store of wealth.
Normal monsoon makes FMCG, automobile and consumer durable companies optimistic about growth prospects
Tourism to Corbett and Almora could be particularly hit as a result of the fire, which has destroyed 2,200 hectares of forest.
However, risks to the outlook stems from possible sub-normal monsoon and higher crude oil prices (on account of the crisis in Iraq)," the Economic Survey 2013-14 tabled in Parliament by Finance Minister Arun Jaitley said.
RBI's latest rate cut is positive for the economy.
Since 2000, India has had three serious droughts.
Asian Paints was the top gainer after the paints major posted robust first quarter earnings.
There seems to be no respite from floods in Assam, as the Brahmaputra and its a few tributaries are maintaining a rising trend affecting over 1 lakh people in seven districts of the state.
More than 1,600 people died due to extreme weather conditions across the country last year, with severe heat wave claiming the largest chunk of the total deaths at 40 per cent, followed by flooding and lightning.
Odisha Cricket Association (OCA) is confident that the fifth One-Day International between India and Australia in Cuttack on Saturday will be held as planned and if required it will use a chopper to dry the outfield at the Barabati Stadium.
'India is planning to construct a multipurpose reservoir.' 'It will be a 10,000 MW hydropower project to offset the impact of the hydropower project by China.'
Mangoes from India are popular in the Middle East, the Far East, the United States and European countries.
Flood situation in south Bengal turned grim on Saturday with 1.19 lakh people taking shelter in relief camps in 12 districts of the state even as weatherman forecast more heavy rains in the next two days.
RBI expects the growth in the next fiscal to strengthen gradually, notwithstanding the significant headwinds.
At least 10 villages of Odisha's Kalahandi district were marooned in flood waters due to heavy rains at the catchment areas of river Indravati leading to disruption of road communications in different western Odisha district and halt of power generation from the Upper Indravati Hydel project.
Heavy rains in the last three days triggered flash floods in parts of Bihar, where 41 people have died so far, and inundated large areas in Assam and North Bengal, paralysing normal life and snapping rail link to the Northeast from the rest of the country.
The Nikkei India Manufacturing PMI dipped from 50.3 in November to 49.1 in December.
The government hopes of registering GDP growth rate ranging between 6.1-6.7 per cent in 2013-14.
Srinagar recorded a low of minus 3.2 degrees Celsius, an increase of two degrees from the previous night's minus 5.2 degrees Celsius, a spokesman for the MET department said in Srinagar.
With water receding from most areas in Chennai and its suburbs, sanitation and conservancy workers face the mammoth task of removing one lakh tons of stinking garbage littering the streets as bright sunshine further eased the situation.
'It affects our economy, it is very important in many ways.' 'So we have to be the foremost experts in the world on the monsoon.' 'But the best minds in India have not devoted their time to the study of monsoon and they have followed the fashions of the West.'
Indrani Mazumdar ' Mumbai April 23, 2015 Last Updated at 15:57 IST Stock Tips for Tomorrow Subscribe, Know which stocks to buy Tomorrow only Profitable Stock tips www.live-market-tips.com/Tomorrow Ads by Google Add to My Page Tiny URL RELATED NEWS Markets end flat after paring gains; HDFC Bank down 1.6% Sensex, Nifty extend losses; TCS, L&T down 2% Sensex gains over 100 points; Wipro surges nearly 6% Sensex, Nifty up 1%; bank shares zoom Nifty slips below 8,400 mark; HDFC down over 1% Hiranandani Properties Prices Starting at Just 15 Lacs. An Excellent Opportunity. Visit Nowhouseofhiranandani.com Aviva Term Plan Get 1 Cr Life Cover @Rs 16*/day. High Protection at Minimal Cost!avivaindia.com/Term-Insurance Ads by Google Markets ended lower on Thursday despite the clarification on minimum alternate tax by the government while a weak monsoon forecast raised concerns about an uptick in inflation. Further, investors turned cautious ahead of fourth quarter earnings from Infosys while worries about Greece also dampened sentiment. Meanwhile, rating agency Moody's today said emerging economies in Asia Pacific region, including India, have a high degree of immunity to external shocks, but will face challenges when the US Federal Reserve begins raising interest rates. The 30-share Sensex dropped 155 points to end at 27,735 and the 50-share Nifty shed 31 points to close at 8,398. MARKET VIEW "The last 6 out of 7 days, we have witnessed an extreme bout of selling in the key indices and stocks. Every rise getting sold and Bulls coerced to give in recently, with key supports breached. Today, was no different day, where volatility was extreme. We believe that the approach to the market remains cautious. If the indices break the previous low and close below that (i.e. 8270), then it could trigger a short term correction. Else, this could very well be termed as a bounce off the support levels. However, for a new trend to begin, Banknifty has to break 19000 levels. " said Kunal Bothra, Head -Advisory, LKP. ECONOMY The clarification from the Indian government that it would honor tax treaties while making a demand of Minimum Alternate Tax (MAT) at the effective rate of 20 per cent came as a relief for favorable treaty nations. But, dilemma still hangs over funds from other nations whose treaties do not grant an exemption from capital gains. The first monsoon forecast by the Indian Metrological Department (IMD) has predicted below normal rainfall during the season for the second straight year in 2015 primarily due to the build-up of El Nino conditions in the Pacific Ocean. Disruptions in the normal rainfall is likely to put further pressure on the agriculture sector which is already reeling under the impact of unseasonal rains that have damaged crops in parts of country and may lead to higher food inflation making further rate-cuts by Reserve Bank of India less likely. KEY STOCKS On the sectoral front, BSE Healthcare, Auto, Capital Gods, Oil & Gas, Realty and Power indices are trading lower up to 1%. However, BSE Consumer Durables and Metal indices are trading higher by 1% each. Metal stocks ended firm in today's trade after Bank of America-Merrill Lynch said the sector's return on equity will double by FY17 end. The research house reinstated coverage on Indian steel makers, with "buy" ratings on Tata Steel, SAIL, JSW and Jindal Steel and Power. Tata Steel gained 5%. Vedanta (earlier known as Sesa Sterlite) climbed nearly 0.5% and Hindalco was up 0.2%. Coal India advanced 1.3% after Brokerage firm CLSA maintained its 'buy' rating on the stock. YES Bank ended higher by 7% on the National Stock Exchange (NSE) on back of heavy volumes after the private sector lender said that its board approved a proposal to increase foreign institutional investor (FII)/foreign portfolio investors (FPI) limit to 74% from the existing limit of 49% of the paid-up share capital. According to media reports, Maruti Suzuki has plans of launching a series of new cars for the Indian market in 2015. Unveiled at the 2015 Geneva Motor Show, the Maruti Suzuki YRA model will be named as 'Fronx' for the Indian market. The stock was up 1%. TCS ended the session with marginal gains after the company teams up with Solace Systems team to deliver digital Reimagination solutions and services. Select IT shares remained under pressure for the seventh straight session over concerns about quarterly earnings. Infosys shed over 0.7% ahead of the quarterly earnings due tomorrow and Wipro lost nearly 2%. According to reports, M&M is planning to invest Rs 2,500 crore in expaniding its existing auto manufacturing facility in Telangana., which will increase its capacity to 1.5 lakh vehicles per year. The stock slipped over 1%. On the concern of poor monsoons ahead of the June-to-September monsoon season, auto, financials and FMCG stocks ended lower. ITC was down 0.3%, Tata Motors lost over 2%, Hero motocorp shed 1%, HUL slipped 0.6%, SBI dropped 2.4%, Axis Bank and ICICI Bank dipped 0.3% each. HDFC Bank lost 0.4%. HDFC Bank posted a 20.6% rise in net profit in the fourth quarter ended March 31, 2015 due to a higher loan growth. The bank had a net profit to Rs 2806.91 crore for Q4 compared to Rs 2,326.52 crore in same quarter previous fiscal. The number of new launches in residential real estate has come down by 55 per cent in the first quarter this year owing to subdued sales, according to a report. From the realty pack, Unitech, IB Realty, Godrej, Anantraj, HDIL and NBCC were down up to 2%. In the broader market, BSE Midcap index outperformed the peers and was up 0.6%. However, BSE Smallcap index lost 0.2%. Market breadth ended lower with 1,434 declines versus 1,377 advances. Read more on: Nifty ' Sensex ' Nse ' Bse ' Maruti ' Tcs ' Infosys ' Yes Bank ' Hdfc Bank ' Tata Steel Read More Sensex drops 189 points to end below 28,000 Provisionally, the 30-share Sensex ended down 189 points at 27,701 and the 50-share Nifty shed 39 points to close at 8,391 Add to My Page Tiny URL Recommended for you Monthly SIP Investments Invest as low as Rs 1000pm in Top SIPs in just 2mins. Start a ZipSip. www.myuniverse.co.in/ZipSip Luxury 2 & 3 BHK Mumbai Pay 10 lacs now, Rest on Possession 63 Storey Twin Towers in Kandivali lovealpine.com/Special-Offer Ads by Google Advertisements Prof. Mikkel Draebye explains the importance of corporate entrepreneurship. Read More Plan a vacation to unveil the dense wildlife at Tadoba. Buidling a smarter India with our contribution of new automation. Get up to 5 years of onsite warranty & great discounts. Know more Zero Account Opening Fees. Click here to know more $ Daily One Sure Intraday Stock Tip. Get Profit by 11:30 AM @ 0988877963 Leaders should be responsible for organisation and co-workers. "Prof. Massimo Magni" Unveil the marvellous hill stations of Maharashtra Back to Top Quick Links Go LATEST NEWSAll NewsIn This Section Nifty ends shy of 8,400; YES Bank top gainer PDP-BJP coalition govt a change for the worse: Omar Abdullah Arms case: Salman Khan fails to appear in court for recording statement MRF Q2 net surges 95% to Rs 333 crore Banking sector fraud has gone up by more than 10%: Deloitte Building leadership, capabilities in big data labs critical for analytics: Nasscom YES Bank extends intra-day gain on board nod to hike FII/FPI limit to 74% Gammon India to issue Rs 100-crore debentures to promoters Smart maps an $8 bn opportunity for India: Study Exercise financial prudence: Parrikar to Armed Forces News you can use Rss icon Don't reduce PF contribution What is Gratuity? What are NEFT and RTGS? Check your Income Tax Credit credit status form-26AS online Saving capital gain tax on sale of property Calculate tax on your house property income How to Check your EPF Balance & status online Featured Videos Why some of Japan's elderly want to go to jail video The 1341hp electric car beats a Bugatti video The maps that tell you when it's safe to breathe video How to add Michael Jordan's shoes to your portfolio video MOST POPULARReadSharedCommented BK Birla group plans mega recast Samsung to set up $100-mn plant in Hyderabad Rains seen below normal for 2nd straight year Jet Airways puts its wide-body fleet on sale to reduce debt FIIs with tax pact shield may be exempt from MAT Market News Signs of steel prices bottoming out a ray of hope for steel players CNX Metal index that fell to one-year lows of close to 2,293 in mid-March now trading at 2,460 levels Markets under pressure; Sensex slips below 27,800 The auto and capital goods space are exerting pressure on the indices in noon trades. Ashoka Buildcon dips after pricing QIP issue at discount The board has approved issue of 2.84 crore shares to Qualified Institutional Buyers at Rs 175.80 per share Cardamom rises by 0.4% as demand picks up Speculators created fresh positions at prevailing levels, taking positive cues from spot market on pick up in demand Crude palm oil falls by 0.1% on sluggish demand speculators indulged in reducing positions due to subdued demand in spot market The 30-share Sensex dropped 155 points to end at 27,735 and the 50-share Nifty shed 31 points to close at 8,398.
A downturn in Indian demand could hit global gold prices.
