Sunday, September 13
The India Meteorological Department (IMD) issued a yellow alert for Delhi-NCR on Tuesday after heavy rain drenched parts of the region in the early hours, easing the stifling humidity but leaving several stretches waterlogged. The pre-dawn showers, following Saturday’s intense spell, broke a four-day lull in monsoon activity and are expected to slow down the morning commute in low-lying zones. Areas including Minto Bridge, Vijay Chowk, Moti Bagh flyover, Rafi Marg, and Nizamuddin flyover reported intense rainfall and traffic disruptions. According to the IMD, Tuesday’s forecast includes a “thunderstorm with rain,” with the maximum temperature expected at 34°C and the minimum at 25°C. Muggy day despite morning rain In Noida, light showers during Raksha Bandhan had hinted at wetter
India’s retail inflation eased to an over 8-year low of 1.55% in July, aided by cooling food price rises, according to government data. This marks the first time in over six years that inflation has fallen below the Reserve Bank of India’s 2% to 6% tolerance band. It is the lowest year-on-year inflation rate after June, 2017.Retail inflation in July also eased from 3.16% in April and 3.54% in July 2024, according to government data released on Tuesday.A Reuters poll of 50 economists had forecast retail inflation in July to ease to 1.76%.Food inflation, which accounts for nearly half of the Consumer Price Index (CPI) basket, stood at -1.76% as against a contraction of 1.06% last month.123257061Despite uneven monsoons, a strong spring harvest has helped India keep a lid on food prices, e
Mumbai: India's key equity indices rallied about 1% in Monday's trade, recouping all the losses of last week, after State Bank of India's strong first quarter results and optimism over the upcoming meeting between Donald Trump and Vladimir Putin prompted liquidation of some bearish bets. The market may still not be out of the woods, with technical indicators pointing to caution, analysts said. The NSE Nifty rose 221.75 points, or 0.91%, to close at 24,585. The BSE Sensex gained 746.29 points, or 0.93%, to end at 80,604. Both indices shed 0.8-0.9% last week, logging their sixth consecutive week of losses-the longest in five years."Markets saw short covering on Monday before the upcoming Trump-Putin meeting, which is a trend usually seen in truncated weeks," said Shrikant Chouhan, head of eq
