Extreme Financial News

advanced glass coatings to keep vehicle cabins cool, alleviating the air-conditioning load as summer sweeps India, sending temperatures past 45°C in some cities. The push comes as vehicle sizes, glass surface areas and thermal loads grow with the shift toward larger vehicles such as SUVs and electric models requiring increased battery pack space. With glass typically comprising 25-30% of a vehicle's surface area, and that percentage rising consistently with increased sunroof adoption, moderating the sun’s fierce heat with glazing is becoming critical, car makers said. Over the past few years, average windshield area has increased 8% and total glass surface is up 12% as cars have become bigger, according to Jato Dynamics estimates. Automotive glass suppliers have developed specialised solar-reflective coatings incorporating ultra-thin layers of metal oxides such as silver, zinc and tin. These transparent metallised coatings absorb solar infrared radiation to reduce interior temperatures. Amid rising global temperatures, the role of advanced glass coatings is a must-have solution to beat the searing summer heat. Their widespread adoption aligns with vehicle electrification and enhanced safety features, said experts.

ALSO READ: Northern Lights visible in India? Aurora borealis may glitter tonight in this state "We were fortunate to witness Aurora activities on our all-sky camera during regular telescope observations," Stanzin Norla, an engineer at the Hanle Dark Sky Reserve, told PTI. Norla even shared images of the spectacular view on X and added that the skies turned red along the horizon and later turned to a pinkish hue. However, according to NOAA Space Weather Prediction Center, extreme geomagnetic storm continues and will persist through at least Sunday.

Eldorado do Sul: More heavy rain is forecast for Brazil’s already flooded Rio Grande do Sul state, where many of those remaining are poor people with limited ability to move to less dangerous areas. More than 15 centimeters (nearly 6 inches) of rain could fall over the weekend and will probably worsen flooding, according to the Friday afternoon bulletin from Brazil’s national meteorology institute. It said there is also a high likelihood that winds will intensify and water levels rise in the Patos lagoon next to the state capital, Porto Alegre, and the surrounding area.

Eicher Motors reported an 18 percent increase in consolidated profit after tax to ₹1,070 crore for the fourth quarter ending March 2024. Meanwhile, on the political front, Delhi Chief Minister Arvind Kejriwal reignited the "next PM" debate, a day after being released on interim bail. Union Home Minister Amit Shah responded to the AAP leader's claim that Prime Minister Narendra Modi may "retire" next year.

Also Read: FPIs turn aggressive sellers on market crash; offload ₹17,083 crore in Indian equities: When will buying resume? Maheshwari, who runs a SEBI-registered portfolio management company Basant Maheshwari Wealth Advisers LLP, said that the Indian market will not react the way we want it to ahead of election results. ‘’So, rather than taking long or short positions amid extreme volatility, it is better to stay away from derivates till the market regains stability,'' said the analyst. He added that market trajectory will only be clear after election outcome or maybe on June 3 when exit polls will be announced.

solar storm in more than two decades struck Earth on Friday, triggering spectacular celestial light shows in skies from Tasmania to Britain — and threatening possible disruptions to satellites and power grids as it persists into the weekend. The first of several coronal mass ejections (CMEs) — expulsions of plasma and magnetic fields from the Sun — came just after 1600 GMT, according to the National Oceanic and Atmospheric Administration (NOAA)'s Space Weather Prediction Center. It was later upgraded to an «extreme» geomagnetic storm — the first since the so-called "Halloween Storms" of October 2003 caused blackouts in Sweden and damaged power infrastructure in South Africa. More CMEs are expected to pummel the planet in the coming days.

solar storm headed toward Earth could produce northern lights in the U.S. and potentially disrupt communications this weekend. The National Oceanic and Atmospheric Administration issued a rare geometric storm watch — the first in nearly 20 years. The watch starts Friday and lasts all weekend.

Proximus is aiming to double its revenue from the digital communications business to $3 billion and operating margins to 15% over the next 3-4 years after buying Route Mobile in India’s biggest in-bound FDI deal in the domestic cloud communications industry. “We are extremely excited about the synergies emerging out of this deal, that is, leveraging Route Mobile’s India success story to grow our communications business in USA and Europe markets, while also taking our affiliate company Telesign’s digital fraud prevention solution to enterprises in India,” Guillaume Boutin, CEO, Proximus, told ET Thursday. Proximus has completed the acquisition of 57.56% of RML’s shares held by promoters for EUR 643 million (Rs 5,922 crore) in cash.

Proximus is aiming to double its revenue from the digital communications business to $3 billion and operating margins to 15% over the next three-four years after buying Route Mobile in India's biggest in-bound FDI deal in the domestic cloud communications industry. «We are extremely excited about the synergies emerging out of this deal, that is, leveraging Route Mobile's India success story to grow our communications business in USA and Europe markets, while also taking our affiliate company Telesign's digital fraud prevention solution to enterprises in India,» Guillaume Boutin, CEO, Proximus, told ET on Thursday. Proximus has completed the acquisition of 57.56% of RML's shares held by promoters for ₹643 million (₹5,922 crore) in cash.

Delhi High Court has asked NBCC to refund over 76 lakh along with interest to a homebuyer after it failed to deliver possession of his flat, bought it 2012, and also awarded compensation of Rs 5 lakh for causing «extreme mental agony». Justice Subramonium Prasad, while allowing the homebuyer's petition against NBCC, observed that purchasing a house is one of the most significant investments an individual or a family makes in their lifetime, and it often involves years of savings, meticulous planning and emotional investment, and therefore compensating wronged homebuyers is not just a matter of rectifying past injustices but also about deterring future misconduct. The petitioner, a retired government employee, said he purchased the flat in 'NBCC Green View Apartments', a project launched in 2012 for Gurugram, but in spite of paying the entire sale price of over Rs 76 lakh in 2017, the unit was never handed over to him. In the order passed on May 8, the court observed that the petitioner has been deprived of his money for the last 10 years and «structurally defective houses» have been constructed, leaving him in a complete lurch, and NBCC should be «dealt with severely» for reluctance to pay interest on the amount and ensuring the petitioner's rehabilitation.

relief to the Indians, India Meteorological Department (IMD) has predicted that the heatwave is about to end from the country except for West Rajasthan and Kerala. «Heatwave is about to end from the entire country. Only in West Rajasthan & Kerala heatwave alert has been issued,» said IMD scientist Soma Sen. Why has IMD predicted the end of heatwaves:

Congress leader Priyanka Gandhi Vadra on Wednesday said Prime Minister Narendra Modi has been «using his imagination a lot» in his speeches of late and not speaking on the basis of facts. Her remarks came a day after Prime Minister Modi claimed the Congress will reverse the Supreme Court verdict on the Ram temple if voted to power just like its landmark 1985 ruling in the Shah Bano case was overturned by the Rajiv Gandhi government as part of the party's appeasement politics. In an exclusive interview with PTI while on the campaign trail in Uttar Pradesh's Rae Bareli from where her brother Rahul Gandhi is contesting the Lok Sabha polls, the Congress general secretary challenged the prime minister to speak on issues of unemployment, price rise and farmers' plight. Asked about her assessment of the ground situation after three rounds of the seven-phase polls, Priyanka Gandhi said, «My assessment is that people are wanting change. Everywhere I go I get the sense that people are fed up now of being lied to, they are fed up with the level of discussion that is taking place in the media and on political stages.»

Pidilite Industries Ltd expects pain in the near-term. While announcing its March-quarter results, the company’s management cautioned about short-term softness in demand, surprising some analysts. Long-duration elections in the past have led to temporary logistics disruptions, and the present extreme heat conditions across the country could hamper demand, the management said.

India needs 8-10% growth over next decade to reap demographic dividend: RBI However, April's RBI bulletin warned that extreme weather events and prolonged geopolitical tensions could lead to volatile crude oil prices and pose inflation risks. In an event hosted by the National Council of Applied Economic Research in New Delhi, the CEA said, "The omens are good for us to continue the steady growth rate".

retail sector in India registered a growth of 27 per cent on an annual basis in April, driven by stable fuel prices and new model launches even as Lok Sabha elections dampened consumer sentiment, FADA said in a press release on Wedensday. Retails of two-wheelers increased by 33 per cent while three-wheelers, passenger vehicles, commercial vehicles and tractors grew by 9 per cent, 16 per cent, 2 per cent each, the auto body said. The tractor segment grew by 1 per cent in April. Auto retails in April were buoyed by a favourable market sentiment which was driven by stable fuel prices, a positive monsoon outlook, festive demand and the marriage season.

Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd, says “L&T has a visibility of at least two-and-a-half, three years of order book for execution. The situation is also extremely buoyant for ABB, Siemens where the capital goods segment power play is going on currently. From a business perspective, these companies are very favourably placed, but because the valuations are already fully pricing in FY26 earnings per se, it would be better to buy them when the market gives some correction and opportunity for the margin of safety. Let us begin by discussing this new-age tech vertical itself that we used to talk a lot more about and a lot more often rather than what we have seen of late, the likes of Zomato, Nykaa, PB Fintech, Paytm. What within that looks like an attractive bet right now after the kind of price moves that we have seen? Deven Choksey: I do not think that immediately any of these names become very appealing and attractive to me largely because of the few facts. Leave aside Paytm for a while now because the underlying business model has to get re-established before we have any view on Paytm. However, Zomato is showing a better approach towards revenue collection and becoming more profitable.

Opposition INDIA bloc leaders collectively taking up the issue of the functioning of the Election Commission of India vis-a-vis the ongoing Lok Sabha polls, Congress president Mallikarjun Kharge on Tuesday wrote to the bloc leaders, drawing their attention to the «usual delay» by ECI in updating final voters' turnout of the first and second phases of polling. Stressing on the need for the INDIA bloc leaders to take up EC-related matters unitedly, Kharge also questioned the ECI data on the registered voters' list. Meanwhile, the Trinamool Congress has sent a letter to the Election Commission of India raising the same points.

Supreme Court on Tuesday ordered interim stay on Calcutta High Court decision which declared the entire panel of 2016 SSC teachers' recruitment null and void cancellig appointments of 24,000 teachers and non-teaching staff. The court has asked CBI to continue its investigation.

science and art, NASA has unveiled a new visualisation that allows the public to experience a virtual journey near a black hole. Developed by astrophysicist Jeremy Schnittman at NASA's Goddard Space Flight Center, this tool combines scientific theory with digital imagery to explore one of the universe's most enigmatic phenomena.

Some not-so-fancy math shows that the value of wealth management companies, meaning broker-dealers and registered investment advisors, has risen dramatically in the past seven years, perhaps as much as doubling what a firm could be worth over that period. That means that the financial advisors and various investors who own firms, from small RIAs to giant broker-dealers, are making out like bandits when and if they decide to sell.

Regional Meteorological Centre issued a yellow alert for a heatwave from May 7 to 10 on Monday and mentioned the possibility of loo following the hot weather conditions in the state. «The average temperature in most areas of Rajasthan is recorded at more than 40°C. The highest 42.2 was recorded in Phalodi. In the next 48 hours, in most parts of Rajasthan, the average temperature will increase by 2-4 degrees,» said Radheshyam Sharma, director of the Jaipur Meteorological Centre. «In Rajasthan, the temperature will be 44-45 °C. There is a possibility of heatwaves and loo. From May 7 to 10, there will be a heatwave. From May 10-11, there is a possibility of light rain in some regions. From May 7 to 10, IMD Jaipur has issued a yellow alert for heatwave,» he added.