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Business Line

Coal India’s September production falls marginally by 1% to 50.9 MT as heavy rain impacts output

The world’s largest coal producer witnessed a 1.4 per cent y-o-y drop in coal offtake to 54.4 MT in the last month, according to a stock exchange filing.

Business Standard

Lower primary sales with heavy rain in Q2 to impact profitability: Dabur

Homegrown FMCG firm Dabur India Ltd on Tuesday said its profitability in the second quarter will be impacted due to low primary sales with heavy rain and floods in parts of India affecting out-of-home consumption and consumer offtake despite demand trends saw some improvement. In its quarterly update shared on bourses, Dabur India said it expects to post a mid-single-digit decline in consolidated revenue for the second quarter due to a correction in distributor inventory in the general trade (GT) channel. "While demand trends were witnessing some improvement, heavy rain and floods across parts of the country impacted out-of-home consumption and consumer offtake in Q2 FY25. Due to this, we saw some impact on our business especially in the beverage category," the company said. Dabur India said during the last few quarters there has been "disproportionately higher growth" in organised channels such as modern trade (MT), e-commerce, and quick commerce, which has led to an increase in ..

Business Line

Dabur India says heavy rain, floods impacted demand trends in Q2

In its Q2 FY25 quarterly preview, the FMCG major said it expects to post “a mid-single-digit decline” in consolidated revenue due to lower primary sales

The Economic Times

Rain plays spoilsport for Dabur's beverage arm biz amid floods across India

Dabur's beverage sector experienced a downturn due to heavy rains and floods affecting consumer demand in Q2FY25. While previous quarter profits had risen, a strategic correction in distributor inventory led to a short-term decline in revenue. The company expects a mid-single digit decrease in consolidated revenue for the current quarter.

Business Standard

40% of kharif crops may suffer due to excessive rain in Rajasthan

Kookarkheda trader Ramavtar Khandelwal informed that among major kharif crops, guar is assuming a loss of 30 to 50 per cent and 40 to 50 per cent loss in Moong

The Economic Times

Automobile sales declines 7.01 pc in August, above normal monsoon attributed to poor performance: FADA

The Federation of Automobile Dealers Association reported a modest 2.88 per cent YoY growth in August, with total sales at 18,91,499 units. Two-wheeler sales grew by 6.28 per cent YoY but declined 7.29 per cent MoM due to rain disruptions. Passenger and commercial vehicle sales also saw declines, attributed to unpredictable weather and weak industrial demand.

Mint

Deepinder Goyal in good spirits as comedian serves roast on platform fee, handling charge, Zomato tape & more | Watch

On stage at Zomato's 16th anniversary celebrations, stand-up comedian Swati Sachdeva roasted the food delivery app's platform fees, Blinkit handing charges and rain surge, to much laughter, including from CEO Deepinder Goyal.

The Economic Times

Mumbai Rains: IndiGo, Air India issue advisory for passengers; Flight services impacted

IndiGo issues advisory due to heavy rains in Mumbai, impacting flights. IMD issues 'orange' alert for Saturday with heavy to very heavy rain predicted in isolated places. Previous cancellations and diversions reported. Passengers advised to monitor flight status.

The Economic Times

Exchange prices fall as power demand subdues with monsoon onset

Power prices in the day ahead market in New Delhi have dropped due to rain, reducing electricity demand. The average price on the IEX between June 27 and July 7 was Rs 4.3 per unit, down 22% from earlier. Despite maintenance shutdowns, power availability meets demand. Increased trading volume is witnessed with lower prices.

The Economic Times

Peak power demand declines 10% to 206GW as rains hit north India

After a heatwave, heavy rain reduced power demand, with peak falling to 206 GW from 250 GW. The India Meteorological Department predicts stable temperatures amid heavy rainfall. Southern regions saw a monsoon onset, lowering consumption. Neighbouring regions contributed significantly to power supply, aided by high coal stocks at thermal plants and increased CIL supplies.

Business Standard

IGI roof collapse: Police file FIR, begin probe to fix responsibility

The Delhi Police Friday filed an FIR under sections related to death by negligence after the collapse of the roof of Delhi airport's Terminal-1 killed one person and injured six others. Officials said the Delhi Police has started the probe and will fix responsibility. The city witnessed heavy rains from around 3 am. At the airport's busy Terminal 1, the rain destruction took a tragic turn. Around 5 am, the massive canopy covering the departure area gave way, trapping several people. Besides the roof sheet, support beams collapsed, pinning down parked cars. A taxi driver, identified as Ramesh Kumar, was rescued from a car on which an iron beam had fallen but was declared dead when he was taken to the Medanta Hospital facility near the terminal. The injured were admitted to the hospital. The police has registered a case under section 337 (causing hurt by act endangering life or personal safety of others) and 304A (causing death by negligence) on the complaint of a sub-inspector post

The Economic Times

Delhi Airport Terminal 1 roof collapse sheds light on its history with rain disasters

Amid torrential rainfall in Delhi, the collapse of Terminal 1 at the Indira Gandhi International Airport has not only resulted in tragic loss of life but also reignited a heated blame game between the Modi government and opposition parties. This incident underscores longstanding concerns over the city's infrastructure resilience during monsoon seasons, raising questions about drainage systems and maintenance practices at one of India's busiest airports.