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In India, all eyes on a monsoon that is critical for the economy

Wednesday, June 19, 2019, 4:05 PM

India's monsoon has progressed more slowly than usual after hitting the southern state of Kerala nearly a week late. Monsoon rains have been 44% lower-than-average so far in June, delaying the sowing of summer-sown crops and raising concerns that parts of the country could face a worsening drought. This shortfall could have a major impact on consumer demand, the overall economy and financial markets.
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M&M announces price hike due to new safety norms

Wednesday, June 19, 2019, 3:52 PM

Country's third largest carmaker Mahindra & Mahindra Ltd, on Wednesday announced a price increase of up to Rs 36,000 across its models, effective from 1 July 2019. This price increase is due to the implementation of AIS 145 Safety Norms across all passenger vehicles in India, the company said. The new emission laws come into effect from April 1, 2020.
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Severe Heatwave in Bihar Leaves 137 Dead

Wednesday, June 19, 2019, 3:34 PM

Bihar is reeling under a severe heatwave with the death toll climbing to 137. Of this, Aurangabad reported 60 deaths, Gaya 41, Nalanda 13, Nawada 12, Munger 5, Kaimoor and Vaishali 2 each and Aara and Samastipur 1 each. Major cities in Bihar like Patna, Gaya and Bhagalpur have been witnessing heatwave for the past couple of days.

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