Evacuation Financial News

Cyclone Michaung which made landfall on the Andhra Pradesh coast near Bapatla on Tuesday afternoon, accompanied by intense rain and wind speeds up to 100 kmph, caused widespread devastation and affecting more than two crore people. The storm also claimed over a dozen lives. Thousands of ground-floor homes and vehicles remained submerged.

the movie theatre in Vaughan Tuesday night", York Regional Police said adding that “around 200 people were inside the theatre, and were watching a Hindi movie". Following the incident, several spectators were treated for exposure to the unknown irritating substance and the theatre had to be evacuated. However, the suspects managed to flee before the police arrived, the investigators said.

State Disaster Relief Fund (SDRF) of Rs 493.60 crore to Andhra Pradesh and Rs 450 crore to Tamil Nadu, the two states which bore the impact of the cyclonic storm Michaung. Union Home Minister Amit Shah on Thursday in a post on 'X' said, «severe cyclonic storm Michaung has affected Tamil Nadu and Andhra Pradesh. Though the extent of damage is varied, many areas of these states are inundated, thus affecting standing crops.» «To help the state governments with the management of relief necessitated by the cyclonic storm, PM @narendramodi Ji directed the Ministry of Home Affairs (MHA) to release in advance the central share of the 2nd instalment of SDRF of Rs 493.60 to Andhra Pradesh and Rs 450 crore to Tamil Nadu,» Shah posted. The Minister also mentioned that the centre had already released the first instalment of the same amount to both states.

Nakba? As the ground offensive by Benjamin Netanyahu's Israel intensifies, this time on Southern Gaza, Palestinians ask ‘is anywhere safe?' Israel's Defense Forces have intensified their attack on Southern Gaza after peace talks fell through with Hamas fighters. Palestinians have questioned the Israeli decision to step up bombing in the besieged enclave’s south, which was declared a safe zone when the war began about two months ago. Israel promised vengeance after the Hamas armed group carried out a surprise attack on October 7 inside Israel, killing up to 1,200 people.

Mint explains why the city, which prides itself as an ideal investment destination, needs to do a lot more. The slow-moving cyclone dumped an unprecedented 43 cm of rain in just 35 hours leading to massive flooding across the city. This caused a major power outage which lasted more than 36 hours and it disrupted telecom services, including the internet.

Chennai's prominent IT corridor, OMR, particularly the areas of Perungudi, Sholinganallur, and Thoraipakkam, experienced a severe setback as heavy rainfall battered the region. On Monday, these localities witnessed a staggering 45cm of rainfall, causing widespread chaos and distress among the residents, a TOI report stated. The main stormwater drains, constructed back in 2008, proved insufficient to handle the current volume of runoff water.

Stock market today: Tata Power shares have been in continuous uptrend after ushering into the new financial year 2023-24. Tata Power share price bottomed out at around ₹185 apiece levels at the end of March 2023. Since, then it has been climbing new highs on a regular basis.

Human rights lawyers have gone to court in the Netherlands to call for a halt to the export of fighter jet parts to Israel that are being used in attacks on Gaza

Andhra Pradesh within the next few hours. The police said that many families including pregnant women, children, and senior citizens were rescued from different areas who were stuck due to wreak havoc of Cyclone Michaung. As per the IMD, during landfall, Michaung is expected to bring gales with speeds of 90 — 100 km per hour, gusting up to 110 kmph. The weather system over the west-central Bay of Bengal, running along and off the south Andhra Pradesh coast, is likely to move nearly northwards, parallel and close to the south Andhra Pradesh coast, Met Department said. Meanwhile, Chennai airport, one of the busiest airports in the country resumed operations on Tuesday morning after being shut for hours due to adverse weather conditions. «Traffic has been closed on Manjambakkam to Vadaperumbakkam Road due to the release of water from the Puzhal Lake,» police said. At least eight people have lost their lives while multiple roads and subways are closed due to waterlogging in the wake of the cyclone. Tamil Nadu CM MK Stalin on Tuesday morning inspected the Cyclone affected areas in the state.

Cyclone Michaung poised for landfall by the Bapatla coast on Tuesday, Andhra Pradesh Chief Minister YS Jagan Mohan Reddy on Monday directed officials to be on high alert for taking up relief measures. In view of the heavy rain lashing Andhra Pradesh under the influence of the severe cyclonic storm, the state government issued an alert for eight districts — Tirupati, Nellore, Prakasam, Bapatla, Krishna, West Godavari, Konaseema and Kakinada — while the chief minister set several relief efforts in motion.

JSW Infrastructure will acquire controlling stake in PNP Port, a unit of Shapoorji Pallonji Group, for Rs 270 crore. The deal values PNP Port at an enterprise value of around Rs 700 crore with a current capacity of 5 million tonnes per annum (MTPA) and potential to expand to 19 MTPA. A JSW statement said that PNP Port is operating multi-purpose jetties at Shahabad in Raigad district of Maharashtra, which is about 20 nautical miles from Mumbai Anchorage.

₹700 crore. Currently, the port has a capacity of 5 million tonnes per annum (MTPA), with potential expansion to 19 MTPA. JSW Infrastructure intends to enhance and upgrade the facilities and capacity of PNP Port from 5 MTPA to 19 MTPA in a phased manner," the company said in a statement.

NMDC Ltd scaled 52-week highs of ₹186 on Monday having gained almost 3% in the last 2 trading sessions. The gains are being led by record production and sales growth being reported by NMDC NMDC sales at 3.79 million Tonne (MT) during November grew almost 25% year-on-year. It is not only the month of November that saw strong sales growth but also year to date in FY24, NMDC sales at 27.78 mt have grown 23.5% year-on-year.

Andhra Pradesh on Monday under the influence of cyclonic storm 'Michaung' as the state government issued an alert to the eight districts as it nears the southern coastal region before landfall. Andhra Pradesh Chief Minister Y S Jagan Mohan Reddy held a review meeting on the cyclone with senior officials on Monday and set several relief efforts in motion. Also, an alert was issued to the districts of Tirupati, Nellore, Prakasam, Bapatla, Krishna, West Godavari, Konaseema, and Kakinada.

Cyclone Michaung News: As heavy rains batter the southern state of Tamil Nadu, coupled with strong winds, the southern and eastern coastline of India and the states attached to it were put on high alert. Several areas in Tamil Nadu were severely water-logged and therefore shutdown.

Tata Power nearly rose 4% to ₹286 on BSE on Monday’s trading session after the firm bagged the Bikaner-III Neemrana-II Transmission project, which is a special purpose vehicle (SPV) established by PFC Consulting, a subsidiary of Power Finance Corporation. The projected cost of the venture is anticipated to be ₹1,544 crore, with commissioning expected within 24 months from the transfer of the project SPV. Tata Power is slated to oversee the maintenance of the transmission project for a span of 35 years.

Cyclone Michaung: The severe cyclonic storm Michaung is causing intense rains in Chennai with daily life thrown out of the gear due to the heavy downpour. Amid the strong winds and intense spell of rain, the administration has decided to keep the Chennai airport closed till 11:30 PM on Monday. Cyclone Michaung also led to disruption of several flights with 10 flights being cancelled while 20 flights being delayed due to heavy rains since midnight.

CIL has already begun actions to fulfil all resources needed to achieve one billion tonnes of annual production target, Parliament was informed on Monday. In reply to a question in the Rajya Sabha, Coal and Mines Minister Pralhad Joshi said that Coal India (CIL) is expected to achieve the production of one billion tonnes by 2025-26.

Khan Younis, where tens of thousands of displaced Palestinians have sought refuge in recent weeks, as it widened its ground offensive and bombarded targets across the Gaza Strip. The expanded offensive, following the collapse of a weeklong cease-fire, is aimed at eliminating Gaza's Hamas rulers, whose Oct. 7 attack into Israel triggered the deadliest Israeli-Palestinian violence in decades.

Chennai airport on Monday announced that it has shut its operations till 11 pm ahead of Cyclone Michaung that is expected to make landfall in the next 24 hours, causing torrential rains. "Airfield closed for arrival and departure operations till 2300 hrs IST today due to severe weather conditions," said Chennai airport on social media platform X. 33 flights have been diverted from Chennai to Bengaluru at the airport due to heavy rain and strong wind since midnight. The heavy rain has led to severe waterlogging across the city and other parts of the state.

Mint breaks down why. The country's newly elected President Mohamed Muizzu said India and the Maldives have reached an agreement to secure the withdrawal of Indian military personnel in the country. As a candidate, Muizzu had called for the removal of any foreign military personnel and followed up this request soon after taking office during a meeting with union minister Kiren Rijiju.