Jun 24, 2024, 05:16:35 PM IST Proper tyre care is crucial during monsoons. Check tire pressure regularly, ensuring it meets the manufacturer’s recommendations. Look for signs of wear and tear on the treads, and replace worn-out tires to maintain good grip on wet roads. iStock 2/5 Clean windshield wipers Ensure your windshield wipers are in … Read more
Food inflation in India has been around 8 per cent year-on-year since November 2023, with no signs of easing despite the early arrival of monsoon rains and forecasts of above-normal rainfall. This persistent inflation has kept the headline inflation above the central bank’s target of 4 per cent. Impact of Heatwave on Food Supplies A … Read more
Shares of fertiliser and agrochemical companies were among the top gainers on the BSE on Monday, after monsoons progressed earlier than expected in various parts of the country. Analysts said investors are hoping that the good rainfall could benefit the agriculture sector, which in turn would boost demand for their products. Fertilisers & Chemicals Travancore … Read more
The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more
Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely … Read more
Abneesh Roy, ED, Nuvama Institutional Equities, says “margins may not see a big drop. Of course, the wheat crop this year seems to be a bit better than last year. We wait for more clarity. But the company is focusing on growth and volume growth but said that margins may not see a big drop … Read more
Tractor sales in India, a proxy for rural economic health, have seen a steep decline in key states in the west and south in the first 9 months of the fiscal year, dragging overall sales down 4% in the world’s largest market for the equipment. This follows record growth in FY23. Maharashtra saw a 33% … Read more
