After a strong show during the September quarter (Q2FY25) and favourable demand conditions, going ahead, the country's largest player in the room air conditioner segment, Voltas is well placed to improve its market share. Expectations of record volumes in FY25 for the sector and the company's strategy of prioritising market share over margins could help the leader expand share in the room AC segment.
Glimpses of the preparations in Odisha and West Bengal for Cyclone Dana which is expected to make landfall between October 24 and 25.
Pre-monsoon rainfall, colloquial referred to as "mango showers", is vital to many parts of the country.
With the lakes supplying water to Mumbai filling up fast, the Brihanmumbai Municipal Corporation (BMC) on Thursday announced withdrawal of the 10 percent water cut from July 29.
Tata Power's Q2FY25 reported results were above consensus despite challenges like low plant availability at Mundra and Odisha discom operations affected by rain. A positive development for the power major included module manufacturing hitting nearly 100 per cent capacity utilisation. The Board has approved an investment proposal for a 1GW pumped storage project (PSP).
Six weather stations across Delhi recorded over 100 mm of rain in a single day, the India meteorological department (IMD) said on Thursday, categorising it as an "extremely intense spell".
The rains after arriving over Kerala will quickly cover Tamil Nadu and Karnataka, but then might slacken a bit, which could delay its arrival over Northwest India.
Expressing his resentment over the "attitude of some junior doctors of Murshidabad Medical College and Hospital," Kabir, the Bharatpur MLA in Murshidabad district said, "They agitate and protest in airconditioned rooms while the masses suffer on streets."
The aftermath of the multiple landslides in the hills in Wayanad, July 30, 2024, which has claimed over fifty lives.
Retail inflation declined to a five-year low of 3.54 per cent in July mainly on account of subdued prices of food items, and base effect, according to official data released on Monday. The Consumer Price Index (CPI) based retail inflation was 5.08 per cent in June 2024 and 7.44 per cent in July 2023.
'Till 10 pm last night, we rescued 70 people, after which we had to stop because of bad weather and rain.'
After a gap of nearly two years, India's industrial production turned negative as it contracted by 0.1 per cent in August, mainly due to a decline in the mining and power generation sectors' output, in addition to an almost flat expansion in the manufacturing sector. According to the data released by the National Statistical Office (NSO), factory output growth based on the Index of Industrial Production (IIP) has also been revised downwards for July to 4.7 per cent from the earlier estimate of 4.8 per cent. "The IIP growth rate for the month of August 2024 is (-) 0.1 per cent, which was 4.7 per cent in the month of July 2024," NSO said in a release.
Photos of the damaged pitch showed an area of exposed sand that looked like a golf bunker near one of the corner flags.
Two women pilgrims from Punjab and Uttar Pradesh died while a five-year-old girl was grievously injured in a landslide on the new track to the Vaishno Devi shrine in Jammu and Kashmir's Reasi district on Monday, officials said.
The two-wheeler segment has shown signs of recovery in the first half (H1) of calendar year (CY) 2024, largely driven by improving performance in rural areas. According to the Federation of Automobile Dealers Associations, rural contribution to two-wheeler sales surged by 57-60 per cent in the April-June quarter of 2024-25, indicating a rising demand in these regions. Experts believe that this trend will continue, supported by a favourable monsoon season and government initiatives aimed at rural development.
Employees were told to return to work from Monday onwards for a fresh start for improved production.
Yagi, the 11th typhoon of this year, made two landfalls in China on Friday, first striking Hainan and later Guangdong province.
On May 15, the weather office had announced the onset of monsoon over Kerala by May 31.
Heavy rains had battered the metropolis on Sunday and Monday as well.
India received 41 per cent more rainfall than normal from October 1-21 with Uttarakhand alone recording more than five times its normal precipitation, IMD data showed on Thursday.
In view of the widespread rains and 'red alert' for extremely heavy showers issued by the India Meteorological Department (IMD) for several districts, control rooms are working round the clock to monitor the situation and help stranded people, he said.
There is a definite attempt to put the landslides on the backburner because news of them and climate change worry Wayanad's tourism and real estate businesses greatly. Whatever I experienced of Wayanad's 2024 by-elections; the July landslides were not a burning issue, observes Shyam G Menon.
The Brahmaputra is flowing over its danger marks in different part of Assam due to incessant rainfall across the state.
Scores of people scrambled for milk and food packets in flood-ravaged Vijayawada on Monday, and also complained about alleged government apathy towards their hardships in the past three days.
Srinagar recorded the maximum temperature of 35.6 degrees Celsius on Wednesday, the highest temperature in the month of July in 25 years since 1999 when the mercury had settled at 37 degrees Celsius, the officials said.
Cyclone Asna, formed over the coast of Kutch in Gujarat earlier during the day, has moved into the Arabian sea towards Oman without leaving any major impact on the region, officials said on Friday evening.
Automobile (auto) retail sales in India grew by an impressive 14 per cent in July compared to the same period last year, driven by a surge in the rural economy, good product availability, and product launches. While passenger vehicles (PVs) saw a 10 per cent increase during this period, inventory levels have surged to a historic high of 67-72 days in PVs, equating to Rs 73,000 crore worth of stock, according to the Federation of Automobile Dealers Associations (Fada). This poses a risk to dealer sustainability. Inventory levels in July 2023 were only 50-55 days, equating to a stock worth Rs 49,833 crore. In June 2024, inventory was between 62 and 67 days, with a stock value of Rs 60,000 crore.
In the wake of bountiful rains in the last few days, one more lake supplying water to Mumbai, Tansa, started overflowing on Wednesday, civic officials said.
"This year, the Southwest Monsoon is likely to set over Kerala on May 31 with a model error of four days," the India meteorological department said on Wednesday.
At least 16 people lost their lives in various rain-related incidents in Telangana while the unprecedented rainfall and floods in Andhra Pradesh over the past three days affected about 4.5 lakh people leading to the evacuation of more than 30,000 to relief camps.
As heavy rains continue to lash Kerala, the India meteorological department on Friday issued an orange alert in eight districts in Kerala for Friday.
Heavy rains continued to lash several parts of Kerala on Thursday, leading to waterlogging in the low-lying areas of major cities, including Thiruvananthapuram, Kochi and Thrissur.
Moody's Ratings on Tuesday said India's growing water shortage can disrupt farm and industry sectors and is detrimental to the credit health of the sovereign as rising food inflation and decline in income may spark social unrest. It said decreases in water supply can disrupt agricultural production and industrial operations, resulting in inflation in food prices and hence can be detrimental to credit health of sectors that heavily consume water, such as coal power generators and steel-makers.
This comes a day after the Uttar Pradesh government suspended six officials of civic agencies for alleged gross negligence following the road cave-ins and waterlogging at several sections of the newly-built Ram Path.
The aftermath of the cloudburst triggered by heavy rainfall in Uttarakhand and Himachal Pradesh.
Afghanistan head coach Jonathan Trott acknowledged the ground staff's diligent efforts to prepare the pitch for the one-off Test against New Zealand in Greater Noida.
Automobile retail sales in India declined 9 per cent year-on-year in September amid a massive buildup of passenger vehicle inventory due to sluggish demand, dealer's body FADA said on Monday, urging original equipment manufacturers to take corrective steps. The overall registrations declined to 17,23,330 units last month from 18,99,192 units in September 2023, as most of the categories including passenger vehicles and two-wheelers witnessed a year-on-year (Y-O-Y) drop.
As Odisha and West Bengal are bracing for a severe cyclonic storm, governments of both states started evacuating people and while deciding to close educational institutions in vulnerable areas.
Heavy rains that lashed the national capital on Wednesday morning led to waterlogging and traffic snarls in many parts of the city, including the Minto Road railway underpass, while several low-lying areas were submerged.
DAP does not consider past I-T returns to match a taxpayer's resources with their expenditures or investments, points out Harsh Roongta.
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