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Fossils of possibly largest snake to have ever lived found in Kutch, say scientists

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The researchers have named this newly discovered snake species ‘Vasuki Indicus’ (V. Indicus) after the mythical snake round the neck of the Hindu deity Shiva and in reference to its country of discovery, India.

Fossils recovered from Kutch in Gujarat may have belonged to the spine of one of the largest snakes to have ever lived, according to new research from the Indian Institute of Technology Roorkee. From the Panandhro Lignite Mine, researchers discovered 27 “mostly well-preserved” bones forming the snake’s spinal column, or vertebra, with some connections still intact. They said the vertebrae appeared to be from a fully-grown animal.

The snake is estimated to be between roughly 11 and 15 metres long, comparable in size only to the extinct Titanoboa, known to be the longest snake to have ever lived, the researchers said. Owing to its size, it may have been a “slow-moving ambush predator,” similar to an anaconda, they said.

The findings are published in the journal Scientific Reports. The researchers have named this newly discovered snake species ‘Vasuki Indicus’ (V. Indicus) after the mythical snake round the neck of the Hindu deity Shiva and in reference to its country of discovery, India. V. Indicus is part of the now extinct madtsoiidae family, known to have lived across a broad geography, including Africa, Europe and India, they added.

The authors said the snake represented a “distinct lineage” originating in India which then spread via southern Europe to Africa during the Eocene, about 56 to 34 million years ago. The first ancestors and close relatives of the modern mammal species are said to have appeared in the Eocene period.

The authors dated the fossils to the Middle Eocene period, roughly 47 million years ago. The vertebrae, measuring between 38 and 62 millimetres in length, and between 62 and 111 millimetres in width, suggested V. Indicus to possibly have had a broad, cylindrical body, the researchers said. They extrapolated the measurements of V. Indicus to be between 10.9 and 15.2 metres in length.

Despite uncertainties in estimates, the researchers said the snake was comparable in size to Titanoboa, the fossils of which were first discovered in the 2000s from present day Colombia.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Skymet forecasts above-normal temperatures in these states over next four days

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

GP Sharma, President-Meteorology and Climate Change at Skymet highlighted that Coastal areas like Konkan and Goa may experience temperature fluctuations but won’t see any significant relief. Mumbai might get temporary relief, but temperatures are expected to rise again shortly.

Weather forecasting agency Skymet predicts higher-than-normal temperatures for states such as Gujarat, Maharashtra, West Bengal, and Odisha over the next four days.

“One good thing which has happened is the heatwave has been there over different parts of the countries at different times and they have not been very prolonged spells as such. So that means extreme heat has not been there for large parts of the countries simultaneously,” said GP Sharma, President-Meteorology and Climate Change at Skymet in a conversation with CNBC-TV18,

Sharma highlighted that the heat is intensifying on both the western and eastern sides of the country currently.

Temperatures are rising in Gujarat and adjoining parts of Madhya Maharashtra, as well as in West Bengal, parts of Odisha, Bihar, and possibly Chhattisgarh and Jharkhand.

He specifically mentioned that places like Saurashtra in Gujarat, Vadodara, Gandhinagar, and Ahmedabad are experiencing high temperatures, with no relief expected for at least the next four days.

Read Here | Heatwave likely over parts of east, peninsular India, rainfall in Northeast till April 7: IMD

There could be some relief for Maharashtra in certain areas like Vidarbha and Marathwada for a day or two.

But other regions such as Madhya Maharashtra, including Pune, Nashik, and Nandurbar, will remain hot.

Coastal areas like Konkan and Goa may experience fluctuations in temperatures but won’t see significant relief.

Mumbai might have temporary relief, but temperatures are expected to rise again shortly.

On April 17, several areas in South Bengal recorded temperatures exceeding 40 degrees Celsius, with the meteorological department predicting heatwave conditions persisting until April 21.

In West Bengal, temperatures have exceeded 42 degrees Celsius in some places, making it one of the hottest regions presently.

Sharma emphasised that the northern parts of the country, including Punjab, Haryana, Delhi, West Uttar Pradesh, and parts of Rajasthan, are relatively better off and are not expected to experience extreme temperatures or heatwave conditions.

Also Read | IMD predicts better and well-distributed rainfall this year

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Heatwave prompts West Bengal to prepone school summer vacation

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Earlier in view of the ensuing elections and keeping in mind many schools in northern parts of Bengal have already been turned into camps of security forces as also booths, the summer vacation had been scheduled from May 6.

The West Bengal government on Thursday preponed the summer vacation of state-run and aided schools from April 22 in view of the prevailing heatwave conditions.

A notification issued by the School Education Department on Thursday said apart from pupils, the teaching and non-teaching staff of the schools will be on leave during the period but subject to the direction of election authorities concerned in view of the ensuing Lok Sabha elections.

“Considering the prevailing heatwave situation, the competent authority has decided to prepone the summer vacation in the schools under your administrative jurisdiction with effect from April 22 except for schools in hill areas of Darjeeling and Kalimpong districts, wherein the existing academic schedule may continue until further order,” the notice issued by School Education Secretary to the presidents of primary education and secondary boards said.

Earlier in view of the ensuing elections and keeping in mind many schools in northern parts of Bengal have already been turned into camps of security forces as also booths, the summer vacation had been scheduled from May 6.

Education minister Bratya Basu said private schools are also being requested to prepone the summer holiday in the interest of students.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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‘Pause before you punch’ — Anand Mahindra tells former Jet Airways CEO

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Misunderstandings aren’t unusual on social media. But the clash of two corporate honchos on X is not common except if one of them is Elon Musk who barely holds his punches back. This time it’s an Indian billionaire in action.

The unprecedented rains in Dubai led to an unexpected banter on X (formerly known as Twitter) between Anand Mahindra, the chairman of the $21 billion MahiNdra Group, and Sanjiv Kapoor, the former CEO of Jet Airways.
It all started with Anand Mahindra’s tweet saying, “Nope. Not Mumbai, Dubai…”

Mahindra, whose net worth is $3 billion, according to the latest Forbes data, was referring to a historic rain in Dubai, which received an entire season’s worth of rain, 142 millimeters, in one day, leading to a deluge that sunk everything from the streets to the taxiways at the Dubai International Airport.

Vehicles sit abandoned in floodwater covering a major road in Dubai, United Arab Emirates, Wednesday, April 17, 2024. Heavy thunderstorms lashed the United Arab Emirates on Tuesday, dumping over a year and a half’s worth of rain on the desert city-state of Dubai in the span of hours as it flooded out portions of major highways and its international airport. (AP Photo/Jon Gambrell)

However, the message in Mahindra’s tweet landed differently for Kapoor, who is currently the advisor to the Director General of Saudi Airlines.

Kapoor has previously served as the CEO of Jet Airways between April 2022 and May 2023 when attempts were being made to bring the defunct airline back to life.

Kapoor saw Mahindra’s tweet as a jibe on the city’s infrastructure and the administration’s preparedness for hostile weather. So, he decided to point out what was, in his opinion, the flaw in Anand Mahindra’s inference.

 

However, there was an afterthought. “Ok, upon re-reading the post, maybe it is not mocking Dubai. However the point remains Dubai was not built for heavy rains, no matter what the source of the rain (seeding etc). It would be impractical to build cities to handle any extreme weather scenario, however unlikely,” Kapoor said about half and hour after the first response.

But Mahindra hit back within 12 hours, clarifying what his intended message was. It was an expression of astonishment at the “atypical weather” and not an attempt to mock Dubai.

Misunderstandings aren’t unusual on social media. But the clash of two corporate honchos on X is not common except if one of them is Elon Musk who barely holds his punches back.

It would be interesting if Sanjiv Kapoor decides to respond. This article will be updated if he does. Do check back later.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Australia’s Great Barrier Reef hit by most extensive bleaching event on record

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Recent aerial surveys conducted by scientists have revealed alarming statistics: Roughly 730 out of more than 1,000 surveyed reefs have experienced bleaching, with extreme bleaching affecting the entire expanse for the first time in history.

The Great Barrier Reef, Australia’s natural jewel and the world’s largest living structure, is grappling with an unprecedented crisis as record bleaching devastates its fragile ecosystem. According to Agence France-Presse (AFP), a staggering 73% of surveyed reefs have been damaged, marking the most extensive bleaching event on record.

Stretching over 2,300 km (1,400 miles), the Great Barrier Reef is renowned for its stunning biodiversity, boasting over 600 types of coral and 1,625 fish species. However, recent aerial surveys conducted by scientists have revealed alarming statistics: Approximately 730 out of more than 1,000 surveyed reefs have experienced bleaching, with extreme bleaching affecting the entire expanse for the first time in history.

The Marine Park Authority, a federally-funded organisation overseeing the reef, issued a statement expressing concern over the cumulative impact witnessed this summer, which surpass previous years’ occurrences. Government reports indicate that up to 46% of reefs have endured record heat stress, a significant escalation compared to 2016 when only 20% of reefs were exposed.

ALSO READ: What is cloud seeding? How it works

This event marks the fifth mass bleaching on the reef in the past eight years. Bleaching, triggered by rising water temperatures, occurs when corals expel symbiotic algae, resulting in their whitening and eventual death if the conditions persist. Richard Leck, WWF Australia’s Head of Oceans, told AFP that the unprecedented scale of the bleaching, particularly in regions previously spared from severe events, is alarming.

“This is the worst event the southern reef has experienced,” he said. “The scary thing about this year’s event is that it is more widespread than in 2016, but we won’t know for a few months what the mortality of corals looks like.”

Roger Beeden, Chief Scientist at the Reef Authority, emphasised climate change as the foremost threat to reefs globally, stressing the urgent need for action. “The Great Barrier Reef is an incredible ecosystem, and while it has shown its resilience time and time again, this summer has been particularly challenging,” he said.

Experts have called for immediate measures to mitigate coral bleaching, including global emission reduction and local restoration initiatives. Anna Marsden, Managing Director of the Great Barrier Reef Foundation, lamented the reef’s “worst summer on record” and warned of irreversible damage without swift intervention.

“If we do not take immediate action to reduce global emissions and implement effective conservation measures, we risk losing these irreplaceable ecosystems forever.”

Also read: Record rainfall floods Dubai Airport, grounding flights and disrupting travel in UAE

In Lizard Island, one of the worst-hit areas, marine biologist Anne Hoggett described scenes resembling a “watery graveyard,” with around 80% of vulnerable Acropora corals bleached. Concerns loom over the ability of these corals to recover from the extensive damage.

Australia has invested billions into conservation efforts, but its status as one of the world’s largest gas and coal exporters underscores the challenge of balancing economic interests with environmental preservation. The nation’s commitment to carbon neutrality and conservation measures will be scrutinised by UNESCO later this year as it assesses the reef’s World Heritage status.

With inputs from AFP

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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What is cloud seeding? How it works

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Cloud seeding is the practice of generating artificial rain by implanting substances in clouds. It uses generators and planes to pour chemicals into clouds to condense tiny particles into larger raindrops.

Dubai used cloud seeding to increase rainfall in the region on Tuesday, April 16. The city administration has been conducting this process for years, particularly in the summer, to improve the rainfall to deal with the problem of water scarcity.

Sheikh Hamdan bin Mohammed Al Maktoum, the Prince of Dubai, shared on Instagram a view where the elephants were spotted walking and enjoying the weather after Dubai received heavy rainfall.

What is cloud seeding?

Cloud seeding is the process of weather modification to stimulate the precipitation process to produce rain or snow. For this, substances like silver iodide, potassium iodide, or liquid propane are dispersed into the air. These substances provide nuclei around which water droplets can form before the formation of precipitation.

This technique has been used for decades in some regions to alleviate drought conditions.

Process of cloud seeding

According to DRI, the process of cloud seeding can be carried out from ground-based generators or aircraft. The DRI Cloud Seeding Research Program primarily uses ground-based generators that are designed and built such that they can work remotely. They also use a subcontracted seeding aircraft in the Carson and Walker River basins.

In this operation, most of the time, they use a compound called silver iodide to aid in the formation of ice crystals. When a storm system passes through the cloud-seeding areas, the ground-based generators or aircraft burn a solution containing a small amount of silver iodide.

When it reaches the cloud, it works as an ice-forming nuclei and helps in the formation of snowflakes.

Benefits of cloud seeding

Cloud seeding is the practice of generating artificial rain by implanting substances in clouds. It uses generators and planes to pour chemicals into clouds to condense tiny particles into larger raindrops.

The benefits of cloud seeding are different from time to time, but the main objective is to enhance the rainfall, winter snowfall, etc.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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IMD predicts better and well-distributed rainfall this year

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

DS Pai, Hd-Climate Service Division, India Meteorological Department said that the below-normal winter and spring snow cover in the Eurasian region, which typically has an inverse relationship with the Indian monsoon, is seen as favourable for normal or above-normal rainfall. Consequently, a well-distributed, substantial amount of rainfall is expected across the country.

The India Meteorological Department (IMD) forecasts above-average monsoon rainfall for India this season, aided by favourable La Niña conditions.

La Niña is a climate pattern characterised by cooler-than-average sea surface temperatures in the central and eastern Pacific Ocean, influencing global weather.

El Niño is the opposite phase, featuring warmer-than-average sea surface temperatures in these regions, also impacting global climate patterns.

Speaking to CNBC-TV18, DS Pai, Head of Climate Service Division at IMD said, “Last year, because of the strong El Nino, our rainfall slightly decreased, it was slightly less than normal, at around 94% where IMD predicted 96%.”

However, a shift in weather patterns is underway.

This year, the strong El Nino conditions have gradually weakened since late December. Currently, they stand at a moderate level and look set to transition into a neutral phase over the next three to four months, eventually leading to favorable La Nina conditions, he said.

The prediction of above normal rainfall this year is not solely due to La Nina but also hinges on the anticipation of a positive Indian Ocean Dipole (IOD) condition in the latter part of the monsoon season.

Moreover, the below-normal winter and spring snow cover in the Eurasian region, which typically has an inverse relationship with the Indian monsoon, is seen as favourable for normal or above-normal rainfall.

Consequently, a well-distributed, substantial amount of rainfall is expected across the country.

The IMD announced on Monday, April 15, that India is likely to see an above-normal monsoon, with cumulative rainfall estimated at 106% of the long-period average (LPA).

Read Here | ‘Normal’ monsoon predicted for India in 2024; Check state-wise details here

Some parts of northwest, east and northeast India could receive below-normal rainfall during the season, Mrutyunjay Mohapatra, the director general of the IMD, said during the presser.

However, models have not given any “clear signal” about monsoon rainfall for several parts of Madhya Pradesh, Rajasthan, Maharashtra, Odisha, Chhattisgarh, Madhya Pradesh, Uttar Pradesh and West Bengal, which form the core monsoon zone (agriculture primarily rain-fed) of the country.

The IMD chief said there is a 29% chance of normal rainfall, 31% chance of above-normal rainfall, and 30% chance of excess precipitation during the monsoon season.

According to the IMD, rainfall between 96% and 104% of a 50-year average of 87 cm is considered ‘normal’.

The IMD will provide an update on the onset of the monsoon over the Indian landmass and the rainfall distribution during June, July, August and September in mid-May, Mohapatra said.

Also Read | After unusually warm February and March, IMD issues advisory for longer sweltering summer

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Establish committees for climate action with ‘genuine top-level commitment’: Deloitte to companies

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

The report, ‘Chair of the Future – The Role of the Chair in Climate Transition’, is based on the interviews of 28 Chairs of Indian companies.

Considering the multifaceted pressures of climate change on businesses, companies should empower executives and establish committees for climate action oversight, with “genuine top-level commitment driving a comprehensive approach,” Deloitte has said in a report.

The company’s report, titled ‘Chair of the Future – The Role of the Chair in Climate Transition’, is based on the interviews of 28 Chairs of Indian companies.

It observed that the board’s awareness and understanding of climate-related risks have grown with time and it has now become an important part of its agenda.

To ensure that the company’s decision-making is aligned with best practices, there is a requirement for continuous adaptation and education on the latest technological advancements and sustainability trends, it stated.

Citing the recommendations of the Chairs, Deloitte report further batted for a shift in the agenda to recognise capital as a metric and key driver in addressing the issue of climate change. It noted that this shift is “essential for aligning investment decisions towards climate risk mitigation and adaptation measures that increasingly influence market performance”.

Further, it calls for discussing industry-specific tactics for addressing climate change and integrating Environmental, Social, and Governance (ESG) principles into business strategies.

Deloitte had identified four archetypes to integrate climate change into business strategy. These include value maximisers, corporate contributors, impact integrators and social innovators.

In its report, it further noted that sustainability has become an ‘ethical imperative’ and ‘profitable pathway’ for the corporate boardrooms. It added that they are now giving more focus on climate-related goals, with a strategic embrace of broader ESG principles to enhance long-term shareholder value.

“Boardroom agendas are being reframed to lead the sustainability agenda and build a profitable, climate-resilient future,” the report stated.

The adoption of a climate change lens and addressing regulatory risk and compliance serve as the starting points for this shift. The focus should be on using sustainability as a “strategic advantage for attracting investment, innovation, market expansion, and leadership in the green economy,” it added.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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IMD says monsoon rainfall expected above normal in 2024, 106% of long period average

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

IMD announced that total rainfall is expected to be above normal over all parts of the country, except some areas over North Kashmir region and north-eastern parts of the country, where below rainfall is likely to occur.

The Indian Meteorological Department (IMD) announced on Monday, April 15, that India is likely to see an above-normal monsoon, with cumulative rainfall estimated at 106% of the long-period average (LPA).

The seasonal forecast for 2024, i.e., from June to September, is most likely to be above normal and higher.

The IMD said that the rainfall is estimated at 106% of the LPA, which is the rainfall recorded over a particular region for a given interval (like month or season) average over a long period like 30 years, 50 years, etc. The LPA of the season rainfall over the country for the period 1971–2020 is 87 cm.

Dr M Ravichandran, Secretary, Ministry of Earth Sciences, said that total rainfall is expected to be above normal over all parts of the country, except some areas in the North Kashmir region and the north-eastern parts of the country, where below-normal rainfall is likely to occur.

Ravinchandran added that La Nina conditions, associated with a good monsoon in India, will develop between August and September.

The IMD chief, Mrutyunjay Mohapatra said that data from 1951 to 2023 shows India experienced above-normal monsoon rainfall on nine occasions when La Nina followed the El Nino event.

The IMD chief said that positive Indian Ocean Dipole conditions are predicted during the monsoon season. Moreover, the snow cover in the Northern Hemisphere is low, especially in Europe and Asia, which favours the Indian southwest monsoon.

Currently, El Nino conditions are prevailing in the country, and it is predicted to shift to neutral until the monsoon season commences. Following this, La Nina conditions may set in by August or September, the IMD chief added.

El Nino conditions, or the periodic warming of surface waters in the central Pacific Ocean, are related to weaker monsoon winds and drier conditions in the country.

Eastern Uttar Pradesh and Bihar are expected to receive normal to above normal rainfall, while Odisha is likely to receive below-normal rainfall, the IMD chief said.

The weather department majorly considers three large-scale climatic phenomena for the prediction of monsoon season rainfall: El Nino, Indian Ocean Dipole (IOD) and the snow cover over the northern Himalayas and the Eurasian landmass.

Meanwhile, Mumbai witnessed severe hot weather on Monday amid the India Meteorological Department’s warning of a heatwave in Maharashtra’s capital and neighbouring Thane and Raigad districts for two days till Tuesday.

IMD officials said the maximum temperature in the three districts could go up to 38 degrees Celsius.A heatwave warning has issued for the country’s financial capital as well as Raigad and Thane districts for Monday and Tuesday, an IMD Mumbai official said. “Maximum temperature is likely to be in the range of 36 to 38 degrees Celsius,” the official said.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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22 flights diverted from Delhi Airport due to bad weather; rain and hail hit parts of Northwest India

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

IMD reported 1 cm rainfall in Delhi’s Palam and Ajmer and Bikaner in Rajasthan. It also reported hailstorms at isolated places in Rajasthan and Madhya Pradesh. 

As many as 22 flights were diverted from Indira Gandhi International Airport, Delhi, on Saturday, April 13, due to bad weather as rain hit parts of Delhi-NCR. 

The flights were diverted to six airports around Delhi due to inclement weather. Of the 22 flights that were diverted since 3 pm, eight were diverted to Lucknow, nine to Jaipur, two to Chandigarh, and one each to Varanasi, Amritsar and Ahmedabad.

The Indian Meteorolgical Department (IMD) pointed out that the rains hit the capital region due to an active disturbance over northwest India. 

IMD pointed out that due to light to moderate rainfall accompanied by thunderstorms, lightning, gusty winds and isolated hail over parts of northwest India between 4 pm and 8 pm, the mercury dropped by 6–10 °C in the region around Delhi.

IMD said that rainfall measuring 1 cm was recorded in Delhi’s Palam and Ajmer and Bikaner in Rajasthan. It also reported hailstorms at isolated places in Rajasthan and Madhya Pradesh. 

The national capital registered the maximum temperature at 39°C on Friday, three degrees over the season’s average, said the meteorological department.

Kuldeep Srivastava, scientist and head of the Regional Weather Forecasting Centre said, “The temperature in the capital will drop by nearly 33%, with overcast skies and winds reaching speeds of 30 to 40 kmph due to an active western disturbance that hit northwest India on April 12.”

Srivastava added that the effects of the western disturbance will be felt until April 18–19, during which the mercury will not touch the 40°C mark. The temperature will start rising gradually after April 18.

On Saturday, the relative humidity stood between 71% and 31% during the day.

IMD has issued advisories for thunderstorms and lightning over Delhi-NCR and adjoining regions. It has asked people to stay indoors, close windows and doors and avoid travel if possible. Also, the meteorological department has asked people to not take safe shelters and not lie on concrete floors or lean against concrete walls when thunderstorms and lightning strike.

The Met Department has predicted cloudy skies for Sunday with light showers and wind speeds reaching 35 to 40 kmph. For Saturday, the highest and lowest temperatures are likely to be recorded at 33°C and 20°C, respectively.

With inputs from PTI

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
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Should Elon Musk be able to buy Twitter?