Extreme Financial News

Dehradun: The Meteorological Centre in Uttarakhand has predicted heavy rainfall over several parts of the state until July 10. The IMD has forecast heavy to very heavy rainfall in many places, with extremely heavy rainfall in isolated areas in the Kumaon region. Heavy rains are also expected in the Chamoli, Rudraprayag, and Pauri districts of Uttarakhand on July 7. The weather report also predicts heavy rains in the Dehradun, Tehri, Haridwar, and Uttarkashi districts on Sunday.

Vehicle registrations — a proxy for retail sales — were largely flat last month as heatwave conditions in several parts of the country forced potential buyers to defer their purchases. Data collated by industry body Federation of Automobile Dealers Associations (FADA) showed as many as 1,895,552 vehicles were registered last month, a 0.73% rise from 1,881,883 vehicles sold in June 2023. Two-wheeler registrations increased 4.7% from a year earlier to 1,375,889 units, while three-wheelers posted a 5.1% rise to 94,321 units.

Santa Barbara County has charred nearly 18,000 acres since it began on July 5. Though there are worries that the fire may eventually move to more inhabited areas, it is now raging mostly in rural areas close to Los Padres National Forest, as reported by 'Fox Weather'. Conditions for fires have gotten worse due to the prolonged heat wave that is affecting the Western US and the dry weather. The area hasn't seen such extreme and protracted heat in 20 years, according to meteorologists from the National Weather Service. Although there isn't a drought in California right now, the state's parched vegetation and unrelenting heat make combating fires extremely difficult.

Varun Saboo, Head-Equities,Anand Rathi Shares, asks how does one assign a PEG to Nifty? Who decides that a 2 times PEG, a 2.5 times PEG is correct or even a 1.5 times is correct? Saboo says the way stocks are trading, if one has to give a similar kind of PEG to Nifty, which is upwards of 2-2.5 times, we still have enough and more room to go. So, he does not see any concerns right now and is advising people to remain invested, and buy more. He thinks the rally will have much more legs. How are things at your desk? Are people keen to hang on? Are you advising them to trim profits or shift positions to areas that have not moved much? How is the activity? Give us a gist.

A dangerous and extremely powerful Hurricane Beryl made landfall Monday on the Caribbean island of Carriacou after becoming the earliest storm of Category 4 strength to form in the Atlantic, fueled by record warm waters.

Nagaland five individuals are feared drowned in recent extreme weather events, including two children. The state has been witnessing flooding and landslides since last month. Heavy rainfall due to the ongoing southwest monsoon has caused widespread destruction, including fatalities and damage to infrastructure, crops, and properties across Nagaland. According to official assessment provided by the Nagaland State Disaster Management Authority (NSDMA) the first human casualty occurred in Tuensang on June 28, where two boys from Kejok village under Sangsangyu block of Tuensang district were swept away at Ayong nullah. One boy's body was retrieved on the same day.

Gautam Gambhir. Two-time World Cup winner has been appointed head coach of the India men's cricket team in all formats, starting later this month with the limited-overs tour of Sri Lanka.

heat wave to high humidity and now the monsoon, all within days. And as many retreated indoors, it was left to gig workers to brave the elements as they delivered food and myriad essentials on their two-wheelers. Heat, humidity, hail, or heavy rain, when the weather gets tough, theirs is the band that gets going, working harder and for longer hours than earlier. It's a job that has been getting increasingly tough with extreme weather events becoming more commonplace and frequent. Weaving in and out of lanes as they whiz through traffic, Vimlesh Kumar is amongst the thousands of gig workers in Delhi-NCR. Waiting outside a bakery in Ghaziabad for the rain to stop one day last week, the 27-year-old said he has mixed emotions on such days — worried that he might get sick, glad it will pay him more.

India is likely to see above-average rainfall in July, the Indian Meteorological Department said on Monday. The monsoon will cover entire country ahead of normal schedule, IMD said. There is 80 per cent probability of normal to above-normal rainfall in July. Delhi is expected to get heavy to extremely heavy rainfall in the ongoing month, as per the Indian weather office. A favourable monsoon forecast spells would bring bucketloads of relief for India, many parts of which reeled from extreme heat even in June. This was the warmest June in Northwest India since 1901.

₹50,000 crores a day with a notional value to premium ratio of 500+, a really big black swan move (10% lower or upper circuit) could easily wipe out the margin of many option sellers. Retail traders and larger players also sell options in large quantities, and the systemic risk of extreme blow-ups increases with higher option participation. Second, retail investors don’t really need “protection" from overtrading.

Google, which has an ambitious plan to address climate change with cleaner operations, came nowhere close to its goals last year, according to the company’s annual Environmental Report Tuesday

A growing type of insurance, called parametric insurance, is helping farmers and others in developing countries respond to extreme weather events

Shanghai Cooperation Organisation (SCO) summit in Astana contained the most robust language ever on cross-border terrorism as well as strong references to territorial integrity linked to connectivity corridors in the region, external affairs minister S Jaishankar told ET. He described this as the most satisfying outcome of the summit from India’s viewpoint. “I am happy that Kazakhstan during their chairmanship negotiated an updated programme to combat terrorism, separatism and extremism, which was adopted in the Astana summit,” the minister said. “What is more important is the actual implementation of the programme that we have now successfully drawn up, which includes unambiguous commitment by all the member states in getting rid of all forms and manifestations of terrorism in the region, including cross-border terrorism.” The summit was held in the Kazakhstan capital on July 3-4.

Copa America 2024 is now going to the big stages after sixteen teams participated in the initial stages of the championship. Now, eight teams have qualified after the intense group stage matches that saw some nail-biting games with some of the top footballing nations in the world. As the quarterfinals approach, the competition will only get more intense and competitive as all the teams will give it all to proceed towards the semis of America's most coveted tournament.

solar-powered EV charging infrastructure and vertical forests are among the new ideas the Delhi government is contemplating to address the twin challenges of air pollution and climate change. The other innovative ideas include creating charging sites and battery-swapping stations by repurposing lamp posts, parking spots and petrol stations. Also, "smart poles" combining fast-charging functions, public Wi-Fi, and the internet of things could soon become a reality in Delhi, a government official said. These ideas were discussed at a meeting of Delhi's State-Level Steering Committee on Climate Change in June and are likely to be incorporated in the city government's new action plan on climate change. While climate change is exacerbating heatwaves and heavy rain events in the crowded and land-locked city, studies show that air pollution is shortening the lives of Delhi residents by 11.9 years.

Congress has expressed concern over the increasing terror strikes in J&K, especially in the Jammu region, causing both civilian and military casualty. Condemning the latest terrorist attack on the Army personnel in Kathua, the Opposition party said it is fully with the government for responding with effective action but also reminded the ruling establishment that merely making hollow speeches will not do. «This cowardly attack on our Army personnel is extremely condemnable. What is all the more a matter of concern is that this (Kathua incident) is the 5th attack in a month… As the Opposition, we want to draw your (government's) attention to these attacks. Whatever steps the government would take for the safety of the country, Congress is ready to extend support. These terrorists must be given a reply in their own language but at the same time, as Rahul Gandhi said the other day, the solution to these attacks is strict action, not hollow speeches,» said Congress spokesman Deepender Hooda on Tuesday. Speaking to media persons separately, AICC general secretary Sachin Pilot said: «The terrorist attacks are continuously increasing. In Parliament, the government claims the situation in J&K is normal. But if our soldiers are losing their lives in terrorist attacks, the government will have to give clarification.»

Vehicular movement on the Badrinath National Highway in Chamoli district has been blocked due to the falling and piling up of debris at five places in Chamoli district. Taking to the microblogging site, Chamoli Police, Uttarakhand, posted on X, «The Badrinath National Highway has been blocked due to debris near Bhanerpani, old Nagar Panchayat Pipalkoti, Kanchen Ganga, Chhinka Paagalnala and Helang in Chamoli district.» The disruption has affected the busy routes, leaving many commuters and locals stranded.

India vs Zimbabwe Live Score, 2nd T20I: After suffering a shocking defeat at the hands of hosts Zimbabwe in the 1st T20 clash in Harare, Shubman Gill and Co. would be looking to stage a comeback in the 5-match series by winning the match today.

Brad Pitt and his partner, Ines de Ramon, attended the F1 Grand Prix of Great Britain, marking their first public appearance together on Sunday, July 7. For the extremely private couple, who have been dating for almost two years but have mostly avoided the spotlight, this is a momentous occasion, as reported by Yahoo Entertainment.

A Supreme Court ruling connected with the survival of the endangered Great Indian Bustard species on 6 April 2024 stated: “ … the people have a right against the adverse effects of climate change … this right and the right to a clean environment are two sides of the same coin.... The inability of underserved communities to adapt to climate change or cope with its effects violates the right to life as well as the right to equality… If climate change and environmental degradation lead to acute food and water shortages in a particular area, poorer communities will suffer more than richer ones." This game-changing jurisprudence, recognizing protection against the adverse impacts of climate change as worthy of being considered a fundamental human right, came days before a similar ruling by Europe’s top human rights court that the Swiss government had violated the human rights of its citizens by failing to do enough to combat climate change.

House Republicans have approved two bills rolling back Energy Department efficiency standards for home refrigerators and dishwashers