BAY Financial News
31.10 / 14:57
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California announces sustainable fuels partnership to curb emissions from planes
California is partnering with a major airline trade group to increase the availability of sustainable aviation fuels in the state
30.10 / 03:37
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Why the 2024 US presidential election is a Diwali gift to Indian Americans
Subscribe to enjoy similar stories. The “Diwali stamp" was practically an annual ritual in the United States. While working in the San Francisco Bay Area in the 2000s I remember every year someone or the other would forward an email with a petition to the United States Postmaster General, asking them to issue a Diwali stamp.
24.10 / 17:29
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Cyclone Dana set to make landfall in Odisha soon, heavy rainfall expected in West Bengal
Odisha from Thursday at around 11pm to Friday early morning, the India Meteorological Department (IMD) said. «The severe cyclonic storm “DANA” over northwest Bay of Bengal moved north north westwards with a speed of 15 kmph during past 6 hours (till the time of reporting) and lay centred at around 70 km southeast of Paradip (Odisha), 90 km south-southeast of Dhamara (Odisha) and 190 km south of Sagar Island (West Bengal). It is very likely to move north-northwestwards and cross north Odisha and West Bengal coasts between Puri and Sagar Island close to Bhitarkanika and Dhamara (Odisha) during mid-night of Thursday to morning of Friday as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph, IMD said. Heavy to very heavy rainfall with extremely heavy rains at one or two places is likely to occur over East Midnapore, West Midnapore, South 24 Parganas districts, Kolkata, Howrah, Hooghly, North 24 Parganas and Jhargram districts, IMD said.
23.10 / 11:15
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Israel issues travel warning to parts of Sri Lanka over terrorism threat
Israel's national security council on Wednesday called on Israelis to immediately leave some tourist areas in southern Sri Lanka over the threat of a possible terrorist attack. The agency said the warning pertained to the area of Arugam Bay and beaches in the south and west of Sri Lanka, and stemmed from «current information about a terrorist threat focused on tourist areas and beaches». The security council did not specify the exact nature of the threat and called on Israelis in the rest of Sri Lanka to be cautious and refrain from holding large gatherings in public areas.
23.10 / 06:31
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Odisha deploys 288 rescue teams, evacuates people as Cyclone 'Dana' heads toward Bay of Bengal
Bay of Bengal intensified into cyclonic storm 'Dana' on Wednesday morning, the Odisha government expedited the evacuation of people from coastal areas and deployed 288 rescue teams in vulnerable areas across 14 districts, officials said. The state government has already mobilised 19 National Disaster Response Force (NDRF) teams, 51 Odisha Disaster Rapid Action Force (ODRAF) teams, and 178 Fire Services teams, with an additional 40 teams also deployed in the affected districts. On Wednesday morning, the Indian Air Force transported 150 NDRF personnel and relief materials to Bhubaneswar using two aircraft.
23.10 / 04:27
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Cyclone 'Dana' forms over Bay of Bengal, to cross Odisha-Bengal coasts on early Friday: Met
deep depression over east-central Bay of Bengal intensified into cyclonic storm 'Dana' on Wednesday morning, the India Meteorological Department (IMD) said. The storm is likely to move in a northwestward direction, intensify further into a severe cyclonic storm over northwest Bay of Bengal and cross the Odisha-West Bengal coasts between Puri and Sagar Island in the early hours of October 25 with wind speeds of up to 120 kmph, the IMD added. The system lay 560 km southeast of Paradip and 630 km south-southeast of Sagar Island at 5.30 am, it said. Advising fishermen not to venture into the sea from October 23 to 25, the Met warned that wind speed is likely to reach 60 kilometres per hour (kmph) along and off Odisha-West Bengal coasts from October 23 and gradually increase to 100-110 kmph, gusting to 120 kmph, from October 24 night till October 25 morning.
22.10 / 16:13
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Cyclone Dana: 197 trains canceled in Odisha from October 23-25
East Coast Railway (ECoR) has announced the cancellation of 197 trains starting from October 23 due to the anticipated cyclone 'Dana.' The cyclone is expected to impact Odisha by October 25. According to the Indian Meteorological Department (IMD), a low-pressure area over the East-central Bay of Bengal has strengthened and is predicted to turn into a cyclonic storm by October 23, 2024. The storm will likely intensify further into a severe cyclonic storm and is expected to cross the north Odisha and West Bengal coasts between Puri and Sagar Island from late night on October 24 to early morning on October 25.
22.10 / 16:13
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National Jr Athletics C'ships from Oct 25 postponed due to impending cyclone in Odisha
National Junior Athletics Championships scheduled to begin here on October 25 has been postponed due to an impending cyclone in Odisha, the national federation said on Tuesday. The five-day meet was to be held at the Kalinga Stadium here. «The 39th National Junior Athletics Championships postponed due to (impending) cyclone in Odisha. Next date will be published soon,» Athletics Federation of India (AFI) said in a statement. A well-marked low-pressure area over the Bay of Bengal intensified into a depression on Tuesday as it rolled towards the eastern coast with the likelihood of turning into a severe cyclonic storm, the IMD said.
22.10 / 08:19
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Heading to Puri? Check IMD's latest update on cyclone Dana that is slated to hit coast in 48 hours
Cyclone Dana is likely to make landfall between north Odisha and West Bengal coasts between Puri and Sagar Islands, the India Meteorological Department (IMD) has said. The low-pressure area developed over the east-central Bay of Bengal and adjoining the north Andaman Sea is likely to intensify into a depression by October 22 morning. «The depression over Eastcentral Bay of Bengal moved west-northwestwards with a speed of 6 kmph during past 3 hours and lay centred at 0830 hrs IST of today, the 22nd October, over the same region near latitude 15.5° N and longitude 91.0°E, about 700 km southeast of Paradip (Odisha), 750 km south-southeast of Sagar Island (West Bengal) and 730 km south-southeast of Khepupara (Bangladesh),» the IMD said in its latest weather bulletin. «It is very likely to move west-northwestwards and intensify into a cyclonic storm by 23rd October, 2024 over eastcentral Bay of Bengal. Thereafter, continuing to move northwestwards, it is very likely to intensify into a severe cyclonic storm over northwest Bay of Bengal by morning of 24th and cross north Odisha and West Bengal coasts between Puri and Sagar Island during night of 24th and morning of 25th October, 2024 as a severe Cyclonic Storm with a wind speed of 100-110 kmph gusting 120 kmph,» it added.
22.10 / 02:39
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Cyclone Dana: Balasore and other areas announce holidays for schools from Oct 23-25; Here's full list
Cyclone Dana, schools to remain closed in Ganjam, Puri, Jagatsinghpur, Kendrapara, Bhadrak, Balasore, Mayurbhanj, Keonjhar, Dhenkanal, Jajpur, Angul, Khurda, Nayagargh and Cuttack districts from October 23 to 25. India Meteorological Department (IMD) has predicted heavy rainfall in Odisha in the upcoming week as Cyclone Dana is expected landfall on October 24. Speaking to ANI, IMD scientist Soma Sen Roy said that warnings have been issued for coastal Odisha and Andaman and Nicobar Islands due to the impact of the landfall.
21.10 / 04:15
20.10 / 17:37
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Updates
Cyclone Dana Live Updates: Storm likely to hit Odisha-West Bengal coast by October 24
Cyclone Dana LIVE Updates: A "Low Pressure Area" over the Bay of Bengal is likely to intensify into a cyclonic storm by October 23, the India Meteorological Department said on Sunday. The "cyclonic disturbance" may affect Odisha-West Bengal coasts.“A low pressure area is very likely to form over the east-central Bay of Bengal and adjoining north Andaman Sea during next 24 hours.
20.10 / 11:23
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Heavy rainfall expected in coastal India as cyclonic circulation moves towards Bay of Bengal
heavy rainfall as an upper air cyclonic circulation over the central Andaman Sea has moved to the North Andaman Sea on Sunday, the India Meteorological Department (IMD) reported. This circulation is expected to lead to the formation of a Low-Pressure Area over the East Central Bay of Bengal and adjoining North Andaman Sea in the next 24 hours. According to the IMD, «It is very likely to move west-northwestwards and intensify into a depression by October 22 morning and into a cyclonic storm by October 23, over East Central Bay of Bengal.»
20.10 / 06:41
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Cyclonic circulation formed over Andaman Sea; West Bengal and other coastal areas on alert
cyclonic circulation has formed over Andaman Sea and it is likely to intensify into a low-pressure area by Monday. It may have an impact on coastal areas of north Andhra Pradesh, Odisha, West Bengal and Bangladesh next week. «The cyclonic circulation is formed over central Andaman Sea. Under its influence, a low-pressure area is likely to form over Bay of Bengal and adjoining north Andaman Sea around October 21. Thereafter, it is likely to move northwestwards and intensify further into a depression around October 23,» said IMD in a bulletin. Amid speculations on the formation of a cyclone this month as forecast by certain international models, IMD Director General Mrutyunjaya Mohapatra said that a clearer picture will emerge only after formation of the low-pressure area.
20.10 / 06:01
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CNG price may go up Rs 4-6 on input supply cut, excise duty cut to ease situation
natural gas to city retailers — a move that may result in Rs 4-6 per kg hike in the price of CNG sold to automobiles, unless excise duty on the fuel is cut, sources said. Natural gas pumped from below the ground and from under the seabed from sites ranging from the Arabian Sea to Bay of Bengal within India is the raw material that is turned into CNG for sale to automobiles and piped cooking gas to households. Production from legacy fields, whose price is regulated by the government and which are used to feed city gas retailers, has been falling by up to 5 per cent annually due to natural decline that has set in. This has led to supply cuts to city gas retailers, four sources in know of the matter said. While the input gas for piped cooking gas that households get is protected, the government has cut supply of raw material for CNG. Gas from legacy fields used to meet 90 per cent of the demand for CNG in May 2023 and has progressively fallen. The supply was cut to just 50.75 per cent of the CNG demand beginning October 16 from 67.74 per cent last month, they said.
18.10 / 19:23
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Rescued New York Community Bank to lay off 700 at its Flagstar subsidiary, with more cuts coming
Struggling New York Community Bancorp said it's cutting 700 jobs at its Flagstar subsidiary as it tries to return to profitability after being rescued by investors earlier this year
17.10 / 09:25
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security
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International
Two Mumbai-bound international flights receive bomb threats
Mumbai: The pattern of domestic airlines receiving bomb threats to their flights continued for the fourth day as two international flights, one each of Vistara and IndiGo, were targeted in the similar manner on Thursday. Earlier on Wednesday, seven flights of IndiGo, SpiceJet and Akasa received similar bomb threats. Prior to that, nearly a dozen flights operated by Indian carriers received similar threats on Monday and Tuesday. On Thursday a Mumbai-bound Vistara flight with 147 persons on board was immediately taken to security checks on its arrival from Frankfurt following the Boeing 787 aircraft receiving a bomb threat, according to the airline.
17.10 / 05:33
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Bomb scare: Vistara Frankfurt-Mumbai flight makes emergency landing
Vistara flight bound for Mumbai made an emergency landing on Wednesday due to a bomb threat. The airplane, which had 147 people on board, was traveling from Frankfurt, Germany. PTI sources reported that the Boeing 787 landed safely at 7:45 am and was immediately directed to an isolation bay for security checks. The aircraft had 134 passengers and 13 crew members. It had departed from Frankfurt on Tuesday at 8:20 pm, local time.
17.10 / 02:41
markets
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Chennai rains: Depression over Bay of Bengal to make landfall today
Indian Meteorological Department (IMD) has issued an alert for residents in parts of Tamil Nadu and Andhra Pradesh as a depression over the west-central and southwest Bay of Bengal is moving towards the coast. This weather system is expected to bring heavy rainfall and potentially disrupt daily life in several areas. According to the IMD, the depression moved west-northwestwards at a speed of 22 km/h over the past six hours. As of late last night, October 16, 2024, it was centered over the Bay of Bengal, approximately 80 km east-northeast of Chennai, Tamil Nadu, and 150 km southeast of Nellore, Andhra Pradesh. This places the depression very close to the coastline.
16.10 / 03:39
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