Summer Paddy crop is at panicle initiation stage in the Chhattisgarh

Summer Paddy crop is at panicle initiation stage in the Chhattisgarh. Looking to Max Temperature is upto 40°C but micro climate of paddy crops is remain 35°C ...

Summer Paddy crop is at panicle initiation stage in the Chhattisgarh. Looking to Max Temperature is upto 40°C but micro climate of paddy crops is remain 35°C and humidity will be 90 percent. In this climate incidences of Sheet rot disease in summer Paddy is expected, farmers are advised for keep watching and take suitable action to prevent the crop.By: Skymetweather.com

14.02 | 0 komentar | Read More

Day temperature in Delhi drops significantly

As predicted by Skymet Meteorology Division in India, Delhi witnessed a significant drop in day temperatures, which came down from 38°C on Sunday to 32.2°C on Monday.

The Western Disturbance over Jammu and Kashmir remained on the fringes of the national capital in the last 24 hours and it was a touch and go situation in terms of rainfall. From now on, these weather systems will track more northwards and remain confined to the hilly regions of North India and the foothills including places like Dehradun, Pathankot, Chandigarh and Dharamsala. Several places in North India might experience thunderstorms and dust storms but rainfall will remain subdued.

The latest weather update by Skymet Meteorology Division in India suggests there will be no significant rise in temperatures and maximum could settle around 33°C, today. Delhiites will rejoice a relatively comfortable weather for the next few days as day temperatures will rise gradually. On the 10th of April, when residents of the National Capital will cast their votes for the Lok Sabha elections, maximum will hover around 35°C.

Due to heavy to good amounts of rain and snowfall in Jammu and Kashmir and the adjoining foothills, strong north westerly winds are keeping the temperatures quite comfortable in North India. Yesterday, Batote recorded 62.1 mm of rain, Pahalgam 28.2 mm, Banihal 29.4 mm and Srinagar 8.4 mm, Hisar 0.3 mm and Dehradun 2 mm of rain.

The weather in Delhi will remain pleasant during early morning hours with minimums settling around 19°C for the next few days.

picture courtesy- DelhiGreens

By: Skymetweather.com

14.02 | 0 komentar | Read More

Don't crucify Yuvraj for T20 final flop, says Tendulkar

Batting great Sachin Tendulkar has come out strongly in support of the beleaguered Yuvraj Singh after the left-hander's poor performance with the bat during India's loss to Sri Lanka in the World Twenty20 final on Sunday.

Yuvraj has been made something of a scapegoat for India's defeat after he used up 21 deliveries to score 11 runs, which robbed his side of momentum towards the end of their innings.

The 32-year-old, who hit England's Stuart Broad for six sixes in an over in the 2007 World Twenty20 and was the architect of India's 50-over World Cup win in 2011, looked a pale shadow of himself, even struggling to rotate the strike.

Also Read: Dhoni wins Asian award for sports in UK

"It is the unpredictable nature of the game that makes cricket such an exciting sport," Tendulkar, who retired from the game last November, said in a post on his Facebook page.

"As cricketers, we always enjoy the applause when we succeed but it is the support and encouragement from fans, during tough times, that we appreciate the most."

Yuvraj was the focal point of all discussions in the cricket-crazy country after the Indian juggernaut in Bangladesh came to a screeching halt on Sunday with a six-wicket hammering by Sri Lanka at the Sher-e-Bangla National Stadium.

There were even reports in the local media that Yuvraj's house in Chandigarh was pelted with stones by angry fans.

Tendulkar, the most prolific international run-scorer and one of the country's greatest unifiers, reminded the fans of Yuvraj's past contributions.

"All of us took pride in the heroics of Yuvi when we won the T20 World Cup in 2007 and his outstanding contribution in the ODI World Cup win in 2011 will always be cherished," he wrote.

"Last evening (Sunday), Yuvi had a tough day and he can be criticised. But he should not be crucified nor should he be written off."

Yuvraj, who has not been part of India's test and 50-over sides in the recent past, made an emotional return to the game in 2012 after a lengthy fight with a rare germ cell cancer in his lungs.

The diagnosis came after he endeared the whole nation with his all-round performances in the 2011 World Cup, when he was named the player of the tournament as India triumphed on home soil. He later dedicated the victory to Tendulkar, his mentor.

Tendulkar backed Yuvraj to come out even stronger after the latest setback.

"I have been an admirer of Yuvi's indomitable Spirit which has overcome many challenges, both on and off the field," Tendulkar added.

"Knowing Yuvi's determination and ability to fight adversities, he will emerge stronger, proving his critics wrong, yet again.

"Yuvi, one off day cannot undermine your tremendous contribution in many sweet memories over the years. You may be down today but you are far from being out."

14.02 | 0 komentar | Read More

Earnings may not be big market moving event: BoAML

Jyotivardhan Jaipuria, Bank of America Merrill Lynch says with elections the key focus for markets, earnings may not be a big market moving event.

Here are experts' equity calls for the day on how the market is expected to trade:

Jyotivardhan Jaipuria, Bank of America Merrill Lynch: With elections the key focus for markets, earnings may not be a big market moving event. The good news is that headline profit growth at 13 percent will reflect the recovery seen in past two quarters. The bad news is that profit growth continues to be very concentrated. Analysts are building a strong 16.7 percent earnings growth for FY15. We believe this will get downgraded to around 11 percent with Sensex EPS likely to be around Rs 1500 versus our current estimate of Rs 1575.

Also read - Post-election showdown looms for Raghuram Rajan

Adrian Mowat, JP Morgan: There are two stages to the emerging markets rally. The current stage is a reduction in risk premiums as fears on funding current account deficits recede. Stage two is margin improvement and topline surprise. The rally in India and Indonesia was driven by increased confidence in the ability to finance their current account deficits. The next stage is pricing in political change. We are bullish on domestic cyclicals in India.

14.02 | 0 komentar | Read More

Orient Green Power Company up 4%, to sell biomass unit

Orient Green Power Company said the board of directors has approved the proposal to sell whole of the 10 MW biomass unit of the company in Tamil Nadu by way of slump sale "on a going concern basis", to one of its wholly owned subsidiaries.

Moneycontrol Bureau

Shares of  Orient Green Power Company gained as much as 4.2 percent on Monday after the board members approved sell of biomass unit in Tamil Nadu.

"The board of directors has approved the proposal to sell whole of the 10 MW biomass unit of the company in Tamil Nadu by way of slump sale "on a going concern basis", to one of its wholly owned subsidiaries," the company said in its filing.

The sale is subject to the approval of the shareholders and other approvals.

While explaining the reason for sale, the company said this is to facilitate the unit to sell power on the group captive mode in Tamil Nadu which would help in stability of operations and realisation.

At 11:59 hours IST, the stock climbed 3.17 percent to Rs 10.10 on the Bombay Stock Exchange.

Posted by Sunil Shankar Matkar

14.02 | 0 komentar | Read More

Sensex slips over 100 pts; Infosys, HDFC, ICICI, ITC drag

12:00

Moneycontrol Bureau
Live Market Commentary 12:30pm Interview

In a mega pharma deal, Sun Pharma will be acquiring Ranbaxy in a transaction worth USD 4 billion . Speaking to CNBC-TV18 regarding the acquisition, Uday Baldota of Sun Pharma says the deal will strengthen Sun Pharma's presence in several markets.

According to Baldota, a large part of pharma growth is expected to come from emerging markets going ahead. The countries where Ranbaxy has a fairly strong presence, Sun Pharma has relatively modest presence and so, the deal will help in utilising each other's strengths. "Sun Pharma is very excited about the overall spread of business that it will be getting in this combination," Baldota adds.

12:20pm NSE VIX at 4-month high

NSE's volatility index, or the domestic equivalent of the VIX fear gauge, advances 11.2 percent, to mark its highest in four months on rising fears of profit-booking after a recent rally as the world's largest democracy goes to polls, starting Monday till May 12, reports Reuters.

12:10pm FII View

Jyotivardhan Jaipuria, Bank of America Merrill Lynch says with elections the key focus for markets, earnings may not be a big market moving event.

"The good news is that headline profit growth at 13 percent will reflect the recovery seen in past two quarters. The bad news is that profit growth continues to be very concentrated," he adds.

Analysts are building a strong 16.7 percent earnings growth for FY15. He believes this will get downgraded to around 11 percent with Sensex EPS likely to be around Rs 1500 versus current estimate of Rs 1575.

12:00pm Equity benchmarks fell further on Monday weighed down by Infosys and ICICI Bank. Index heavyweights ITC, HDFC and Reliance Industries too pushed the market down.

The Sensex slipped 116.12 points to 22243.38 and the Nifty declined 32.80 points to 6661.55. About 884 shares have advanced, 996 shares declined, and 116 shares are unchanged.

BHEL kept its top position in the selling list, falling 3 percent. It disappointed the street with its provisional numbers for the financial year 2013-14. The state-run power equipment maker's net profit in the year fell 51.2 percent to Rs 3,228 crore on account of lower revenues and order inflow.

Shares of Infosys, ICICI Bank, HDFC, Dr Reddy's Labs, Maruti, Hindustan Unilever, Cipla and Hindalco Industries lost 1-2 percent.

Index heavyweights Reliance Industries and ITC declined 0.4 percent and 0.8 percent, respectively.

However, Sun Pharma came off its day's high on profit taking. The stock rose 1.4 percent after it decided to acquire Ranbaxy for USD 4 billion.

Shares of HDFC Bank, Wipro, M&M and Sesa Sterlite climbed 0.5-1.2 percent.

14.02 | 0 komentar | Read More

Indian-owned cos in UK employ over 1 lakh persons: Study

Indian companies are playing an important role in the growth of the British economy and contributing to GDP and creating employment opportunities, according to Grant Thornton UK LLP's India Tracker 2014 report.

The report, which is prepared in collaboration with the Confederation of Indian Industry (CII), monitors UK registered businesses with ultimate Indian parent companies and identifies the fastest growing corporates by turnover and employment size.

It finds there are currently over 700 Indian-owned small to large-sized businesses in the UK, collectively employing over 100,000 individuals.

Of these, 41 organizations were identified as registering year-on-year growth rates of more than 10 per cent, with more than half (26 corporates) demonstrating particularly strong growth in excess of 20%.

These 'Top 41', the report suggests, generated combined revenues of around 19 billion pounds.

Despite outliers, such as Tata Motors (accounting for more than 80% of the Top 41 group's total turnover), the group represents a broad range of large corporates (5), mid-sized corporates (17) and SMEs (19) across the UK.

Anuj Chande, partner and head of the South Asia Group at Grant Thornton UK LLP, commented: "The appetite and opportunities for successful UK investment by Indian companies remains as strong as ever. In light of sluggish growth potential in India, investors are increasingly eager to enter or scale up their UK operations as the British economy re-enters a growth phase."

The UK and India's cultural history also plays a large part in many Indian executives decision to set up a base here, giving them direct UK market access and a springboard into the recovering European market, he added.

"Ranjan Mathai, high commissioner of India to the UK, launched the report earlier this week at an exclusive dinner attended by some of the fastest growing and largest Indian employers.

He said, "I am very pleased that this research has been conducted to show the strength of Indian investment and the range of business in which they have invested in the UK. This complements the UKTI statistics of India being the 5th largest investor in the UK last year.

"The pharmaceutical/chemical and technology/telecom sectors represent over half of the organizations in the Top 41 (22% and 32%, respectively); although the automotive, transport and engineering and manufacturing sectors are also strongly represented," Mathai added.

Geographically, the Top 41 had operations spread across the UK, with 29% based in London, 32% based in the South, 29% in the North and 10% based in the Midlands.

The report also identifies 12 Indian corporates, each employing more than 1,000 people in the UK.

14.03 | 0 komentar | Read More

Rain likely in Northwest India during the next 24 to 48 hours

A fresh Western Disturbance that lies over north Pakistan along with its associated cyclonic circulation over central Pakistan and adjoining parts of Punjab, will move eastwards to arrive over Northwest India possibly tomorrow, post noon. According to the latest weather update by Skymet Meteorology Division in India, these systems will cause rain in northwest plains as well as in the hills during the next 24 to 48 hours. The areas that are expected to receive showers are parts of Punjab, Rajasthan, Haryana, west Uttar Pradesh, Jammu & Kashmir, Himachal Pradesh and Uttarakhand.

Due to rain and clouds, temperatures in northern parts of northwest plains will continue to remain below normal during the next 48 hours. According to this weather update, Jammu, Amritsar, Ludhiana and Chandigarh recorded below normal maximums on Friday and it is expected that the day temperature will not cross the 30 degrees mark in this period. Meanwhile, southern parts, where day temperatures could shoot up beyond above normal on Saturday and Sunday, will get a reprieve as temperatures will fall on Monday due to clouds and rain.

Weather in Central and South India will again be very hot as temperatures will be in latter thirties and early forties over Maharashtra, Andhra Pradesh, Karnataka and Tamil Nadu. According to the latest weather update, a wind discontinuity extending from Odisha to Karnataka across Chhattisgarh and Maharashtra will bring some clouds and rain but it will not bring the temperatures down as most of the activities would take places post noon.

Rain is likely to continue in east India over sub-Himalayan West Bengal and Sikkim in East India and Assam, Arunachal Pradesh and Meghalaya during the next 48 hours. The remnants of a passing Western Disturbance will be working with a trough that extends from northeast region to the Bay of Bengal to perpetuate rainfall in these areas.

By: Skymetweather.com

14.03 | 0 komentar | Read More

Dependency on private healthcare in India- a boon or a bane

During political debates in print and television media we often come across hue and cry raised over corruption and development but healthcare is something that is constantly missing or simply ignored.

In a country where weather related diseases, rising air pollution, availability of safe drinking water and sanitation are an issue, more than 5 million children of less than 5 years of age die every year. Another half a million die within a month after coming into this world. According to estimates by UNICEF less than 45 per cent of the India's population has access to safe drinking water.

Recently Nobel laureate Amartya Sen, while addressing the 11th Kolkata Group workshop, organised by Pratichi (India) Trust, Harvard Global Equity Initiative and UNICEF India, said that India`s health sector is in a dismal condition. He also cautioned against over-reliance on the private health sector in a country where basic health services are minimal. He believes that this situation is causing exploitation of vulnerable and under-privileged patients.

More so because health care is not supported by economic growth but it is vice versa and India has been following commercial principles in this sector very strictly. Health experts, policy makers and activists believe that private healthcare should exist but not at the cost of public healthcare. For the matter of fact, no country around the globe could bring a drastic health care transition without the help of its government.

The need of the hour seems to be financial allocations which are inadequate at present. Primary health care should also be integrated with specialised services for substantial reforms. India could very well take inspiration from developed nations as well as other Asian countries like Thailand, China and Bangladesh.

Indian health sector vs the world

Unlike in developed countries (with an exception of United States of America), India's healthcare sector is dominated by private players with a ratio of 80:20 in favour of the later. The industry is expected to be around 170 billion dollars in another 5-6 years. India spends only 4.1 per cent of the GDP on healthcare while 9.1 per cent is the worldwide average. Considering this void, there is a lot of potential for healthcare spending in India and with summer speedily approaching, we hope the new government pays heed to issue.

picture courtesy- New Zealand Medical Student`s Association

By: Skymetweather.com

14.03 | 0 komentar | Read More

Pramerica Income Fund announces dividend

Pramerica Mutual Fund has announced dividend under the quarterly dividend option of Pramerica Income Fund. The record date for declaration of dividend is April 10, 2014.

The amount of dividend (Rs per unit) on the face value of Rs 1000 per unit will be:

Pramerica Income Fund - Regular Plan: Rs 6.3014 per unit

Pramerica Income Fund - Direct Plan: 6.3644 per unit

14.02 | 0 komentar | Read More