TIMELY MONSOON
ET 40 Under Forty 2024: Celebrating India's top young business leaders
The Economic Times 40 Under Forty list features a diverse group of young business leaders, including entrepreneurs, professionals, and innovators from various industries. These individuals have made significant contributions and are shaping the future of business in India. Learn more about their inspiring journeys and accomplishments.
Realty project completion gets faster now, thanks to tech & stricter rules
Real estate developers in New Delhi have reduced project timelines since 2014, completing them in five years instead of six. This improvement is driven by modern construction technology and the Real Estate Regulatory Authority (RERA). According to Anarock, smaller projects (under 500 units) now take four years, while larger ones take about 4.9 years. Large and listed developers, holding a 34% market share, ensure timely deliveries. Southern cities like Chennai (3.6 years) and Hyderabad (4.2 years) excel in quick completions, unlike northern cities including NCR, which face delays due to weather and statutory restrictions.
Large scale projects are getting delivered faster
Since 2014, developers have been able to complete large-scale projects in less than five years, a reduction from the previous six years. This improvement is attributed to the modernization of construction technology and the implementation of the Real Estate Regulatory Authority (RERA), which ensures timely home delivery.
Low supply, high cost of greens sends kitchen budget in tailspin for Delhiites
"Currently, the wholesale price of tomatoes is around 50 to 60 rupees per kg. The local variety is selling for 1,200 rupees per 28 kilograms (1 crate), and the hybrid variety for 1,400 to 1,700 rupees. Earlier these used to sell for around 25-30 rupees," Sanjay Bhagat, a trader in Azadpur Sabzi Mandi, said.
Pharma sector: Turnaround for good, 6 small and mid cap pharma stocks with upside potential of up to 32%
While it might not have been making it headline, the pharmaceutical sector or commonly called as pharma has come through a tough period due to US FDA and other factors. It has been witnessing a turnaround of sorts which has been slow but more companies are showing improvement in their performance. Also there is a process of re-rating which is quietly going on in the sector. It was large players which got the attention of tend to gain first and then it is smaller and mid sized. If one looks at the corporate announcement about approval of drugs by the US FDA or other drug regulator or any entry into new markets, a number of them are coming from mid and small companies. Given the lesson which the Indian pharma industry has learnt after its reckless approach between 2005 to 2015, there is a high probability that the sector may gain attention.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 24%, according to analysts
For every one bull there is a half bear and that is probably enough to spoil the mood on the street. The “risk on trade” which was once again getting started probably will get hit for some time at least because of the fact that the circular by NSE on what stocks and mutual funds will be accepted as collateral or not will have short term impact on the liquidity matrix of the system. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
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Govt to launch survey to assess vulnerability of glacial lakes after monsoon
Officials announced that after the monsoon season, Himachal Pradesh, Uttarakhand, Sikkim, Arunachal Pradesh, and the Union Territory of Jammu and Kashmir will launch ground surveys to assess the vulnerability of glacial lakes, prompted by a glacial lake outburst flood (GLOF) in Sikkim in October 2023. The surveys, targeting select lakes at high altitudes, aim to understand and mitigate risks associated with GLOFs, which can cause significant damage downstream. Remote sensing data indicates notable expansion of many Himalayan glacial lakes, highlighting the region's vulnerability to climate change impacts.
10 Best Raincoats Under 1500 for this Monsoon Season
It's time to make the most out of the rainy season by reading a book on the window side, relishing chai and pakoda or going for a drive with your loved one. However, you might require a good quality raincoat to enjoy the rain to the fullest; here is a list of 10 best raincoats under 1500 to help you get through the seasons of rain.
Mumbai rains: City witnesses heavy rainfall for 2nd day, IMD issues red alert; schools shut. Check train, flight advisory
Mumbai Rain Update: Due to a heavy rainfall warning by the Regional Meteorological Centre, Pune schools will close on July 9 with staff aiding disaster efforts. Schools in Mumbai, Raigad, and Navi Mumbai will also close. Districts like Palghar and Nasik expect rain till July 12. IMD issued an orange alert for Mumbai and a red alert for several districts.
Something is rotten in the state of Bihar
Multiple bridge collapses in Bihar due to poor construction and maintenance practices. Government officials suspended as investigations continue. Impact on local communities and development highlighted.
North India lost 450 cubic km of groundwater in 2 decades, climate change to worsen depletion: Study
About 450 cubic kilometres of groundwater was lost in northern India during 2002-2021 and climate change will further accelerate its depletion in the years to come, according to a new study. This is about 37 times the quantity of water the Indira Sagar dam -- India's largest reservoir -- can hold at full capacity, lead author Vimal Mishra, Vikram Sarabhai Chair Professor of Civil Engineering and Earth Sciences at IIT Gandhinagar, said.
Onion supply comfortable in domestic market, retail prices stabilising: Govt
Onion availability is stable with improved tomato and potato crops. Onion rabi production of 191 lakh tonnes meets needs. Kharif target area is 3.61 lakh hectares, led by Karnataka. Prices stabilize with low storage loss and increased releases. Potato supply is sufficient. Tomato harvesting starts soon, confirmed by District Horticultural officials.
Auto sales muted as extreme heatwave cools demand in July
Vehicle registrations in June were nearly flat, up just 0.73% from the previous year, with 1,895,552 units registered. Extreme heatwaves and delayed monsoons dampened retail sales, notably impacting two-wheelers and passenger vehicles. Despite optimistic forecasts for the monsoon season, the auto industry faces challenges, including high inventory levels and subdued market sentiment.
Amazon Sale for Monsoon 2024 - Save up to 80% on smartphone accessories
The Amazon Monsoon 2024 Sale offers deep discounts on essential smartphone accessories, perfect for upgrading your tech arsenal. From sleek chargers to rugged cases and immersive headphones, find everything you need to enhance your smartphone experience at prices slashed by up to 80%.
Bihar bridge collapses: Union Minister Jitan Ram Manjhi shrugs off incidents; says 'It's monsoon time'
On recent incidents of bridge collapses in Bihar, Union Minister Jitan Ram Manjhi said, "It is monsoon time. There has been an abnormal amount of rain, which is the reason behind the collapse of bridges. But, the CM of the state is very sensitive towards the investigation... He did a meeting yesterday and has given strict instructions that strict action should be taken against any kind of negligence..."
People in India exposed to humid heat extremes increased by 67 crore from 1951-2020: Study
People in India exposed to extreme levels of humid heat during monsoons increased by at least 67 crore over the period 1951-2020, a research has found. Researchers investigated trends in hot and humid conditions or 'moist heat extremes', commonly seen in monsoons during the summer months, in terms of Wet-Bulb Globe Temperature (WBGT).
NHAI activates flood plan after IMD forecast
NHAI's proactive flood plan, joint inspections, and resource availability ensure effective disaster preparedness amid above-normal monsoon forecasts. Collaboration with district administration and constant monitoring safeguard lives and national highways.
India's power consumption rises nearly 9pc to 152.38 billion units in June
The highest supply in a day (peak power demand met) also rose to 245.41 GW in June 2024 against 223.29 GW in the year-ago month. The peak power demand was recorded at 224.10 GW in June 2023. The peak power demand touched an all-time high of 250.20GW in May this year. The previous all-time high peak power demand of 243.27 GW was recorded in September 2023.
The worrying changes in India’s monsoon patterns have implications for everything from agriculture to health
Take Maharashtra, 80% of which is rainfed. In areas such as Vidarbha and Marathwada, the onset of monsoon is now late. After a small pickup in July, there is a break in rainfall in August, lasting up to three-four weeks during the fruit formation phase. The wet spell starts again in September and continues well into October, when it should be dry. This isn't limited to Maharashtra. Several critical areas considered the breadbasket of India—Bihar, West Bengal and Uttar Pradesh—are witnessing the same pattern.
10 best Umbrellas under 1000 for the 2024 monsoon season
Get ready for the 2024 monsoon season with our selection of the top 10 durable umbrellas under 1000. These umbrellas combine affordability with quality, ensuring you stay dry and fashionable during the rainiest months. From compact travel umbrellas to sturdy wind-resistant models, find the perfect umbrella to suit your needs without breaking the bank.
India's monsoon overcomes delay, set to cover country on time
Summer rains, critical for economic growth in Asia's third-largest economy, usually begin in the south around June 1 before spreading nationwide by July 8, allowing farmers to plant crops such as rice, cotton, soybeans, and sugarcane.
Anand Mahindra's umbrella hack for monsoon season takes social media by storm: Viral Video
Anand Mahindra shared a viral video showcasing an innovative hands-free umbrella hack perfect for Mumbai's monsoon season. The video features a man who ingeniously modified his umbrella by attaching two hangers, allowing him to wear it like a backpack and keep his hands free. Mahindra's post, which highlighted the cleverness of the "wearable" umbrella, has garnered over 300,000 views and numerous positive reactions.
July rains seen crucial as delayed monsoon worries farmers
Delayed monsoon raises concerns over kharif crop cultivation, with only 10% of soyabean area sown in Madhya Pradesh. Farmers in West Bengal and Uttar Pradesh await rains for paddy. Pulses traders are worried about tur and urad crops amid intense heatwave conditions with below-normal monsoon predicted by IMD. Good rains are needed by early July for crops to thrive. Government estimates show mixed output for tur and urad in kharif 2023.
When will monsoon hit Delhi to offer some respite from heatwave? IMD shares update
IMD announced the expected arrival of monsoon in Delhi-NCR around June 30. The weather office also forecast dust storms and light rainfall offering brief relief from the severe heatwave over the next few days.
Monsoon reaches Mumbai two days early
Southwest monsoon arrived in Mumbai two days early, after early onset over Kerala and northeast on May 30, as per IMD. Last year, monsoon reached Delhi and Mumbai together on June 25, impacted by Cyclone Biparjoy. Monsoon normally reaches Kerala by June 1 and Mumbai by June 11.
Chennai to get relief from traffic congestion with two new flyovers by the end of this year
Chennai to improve traffic with flyovers in Tondiarpet and Vyasarpadi by year's end. Construction updates, benefits, Ganeshapuram subway impact, and Korukkupet congestion relief highlighted.
Peak power demand hit 229.6 GW on Saturday
India's peak power demand hit 229.6 GW on May 18 during a severe heatwave, meeting the estimated 235 GW. Last year's peak was 243 GW in September despite monsoon deficits. Maximum temperatures reached 46 degrees Celsius in affected regions, leading to high electricity demand.
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