DELHI HEAT WAVE
Some possible safe havens, some likely causalities of tension at the border: 5 sectors, 24 stocks which are likely to see an impact
Now that India has retaliated as it was expected to after the Pahalgam terror attack, it is time to see how the situation pans out in the next couple of weeks. Let’s hope for the best and prepare for the worst. When we prepare for the worst, there are some hard decisions that need to be made. The fact is that there is no investment strategy that can insulate a portfolio from geopolitical shock (or a war, to put it simply). History suggests that wealth survives best when it is backed by businesses whose revenue is mandated by the government, protected by regulation, or denominated in a hard foreign currency. At the same time there are some sectors which are bound to be a hit.
IHCL has Rs 3,000 cr cash instead of debt; to launch new brands, travel packages in next few months: Puneet Chhatwal
IHCL is experiencing robust growth, driven by India's strong GDP and a rising affluent population seeking premium experiences. Demand is expected to outpace supply in the hospitality sector for the next few years. With a debt-free status and substantial cash reserves, IHCL is poised for expansion, exploring new brands in wellness and all-inclusive travel packages.
Seven dead in rain-related incidents across north India; roads flooded, trees uprooted in Delhi-NCR
Delhi-NCR faced a severe storm. It brought heavy rain and dust. Sadly, seven people died in north India. The storm disrupted flights and traffic. Many areas saw waterlogging and fallen trees. Uttar Pradesh also reported deaths from lightning. Himachal Pradesh experienced hailstorms. Punjab and Haryana had rain and cooler temperatures. Authorities are working on relief efforts.
Govt asks imported coal-based power plants to run at full capacity till June 30
The government has prolonged the order for power plants using imported coal. These plants must operate at full capacity until June 30. This decision ensures enough power during rising demand. The plants contribute significantly to India's power capacity. The extension aims to meet the expected peak demand of 270 GW in June.
Delhi issues heat wave guidelines for schools to protect students from extreme heat
Delhi schools implement new heat safety measures. The Directorate of Education directs schools to suspend outdoor activities. Afternoon assemblies are cancelled. Schools must provide clean drinking water and ensure well-ventilated classrooms. Students are advised to cover their heads. Schools are instructed to report heat-related illnesses immediately. First aid kits must include rehydration solutions.
IMD predicts heatwave from Kashmir to Madhya Pradesh, heavy rains in Kerala, West Bengal
The Indian Meteorological Department (IMD) forecasts heavy rains for several northeastern states, including Arunachal Pradesh, Nagaland, Manipur, Meghalaya, and Tripura, along with Gangetic West Bengal and Kerala. Simultaneously, a heat wave is expected in isolated areas across Haryana, Chandigarh, Delhi, Punjab, Himachal Pradesh, West Rajasthan, Jammu and Kashmir & Ladakh, and West Madhya Pradesh.
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India stays cool, thanks to China. Can that change?
India anticipates intense heat from April to June. This could strain the air conditioner market. The industry relies on imported components, mainly from China. Supply chain issues and a weak rupee may increase AC prices. The government is considering measures to boost local compressor production. They are also looking at potential joint ventures to ensure adequate supply and control costs.
Inside the Gensol–BluSmart collapse; Wow! Momo’s fresh funding
Happy Friday! Quick-service restaurant chain Wow! Momo is raising Rs 130-150 crore in funding. This and more in today’s ETtech Morning Dispatch.
Bengaluru asset manager explains how luxury housing boom is pushing higher rents in cities like Delhi, Mumbai, Hyderabad
India's luxury housing boom is paradoxically inflating rents for middle-class tenants in major cities like Bengaluru and Mumbai. Despite increased construction, the focus on high-end properties for investors leaves a shortage of affordable options. This imbalance drives up rental costs in desirable neighborhoods, impacting livability and potentially requiring policy intervention.
Every 45 days, 100,000 homes switch to solar power in India: SolarSquare’s Shreya Mishra
Households are embracing solar energy solutions due to increasing awareness, rising electricity costs, and higher electricity consumption in households driven by lifestyle improvements and heat waves, says Shreya Mishra, CEO and co-founder, SolarSquare.
Blinkit to deliver Airtel SIM cards in 10 minutes
Blinkit CEO Albinder Dhindsa announced that users can now order Airtel SIM cards via the Blinkit app with delivery in just 10 minutes. Customers can choose prepaid, postpaid, or number portability options and activate their SIM at home using Aadhaar-based self-verification. This follows Blinkit's earlier 10-minute delivery of appliances like air conditioners
Damaged in two days: Kejriwal takes veiled dig at Delhi govt over power outage
Arvind Kejriwal criticized the current Delhi government for allegedly damaging the electricity system, leading to power cuts as demand surged to 5,462 MW. He contrasted this with his government's record of no outages even with higher demand. Delhi's power demand is expected to reach a record 9000 MW this summer amid rising temperatures.
Delhi experiences first heatwave of the season, yellow alert extended for two more days
Delhi experienced its first heatwave of the season on Monday, with temperatures soaring to 40.2 degrees Celsius, prompting the IMD to issue a yellow alert for the next two days. Several areas recorded even higher temperatures, reaching 41 degrees Celsius. A slight temperature drop is expected after April 9. The city's air quality remained in the 'poor' category.
Heatwave grips India: 20+ cities cross 42°C in first week of April, experts warn of worse ahead
North India is experiencing extreme heat, with over 20 cities seeing temperatures surpass 42°C. Delhi, Uttar Pradesh, and Rajasthan face severe conditions, and the India Meteorological Department predicts even higher temperatures. Delhi's air quality is poor, and Rajasthan's Barmer set a new record at 45.6°C. Authorities urge safety, with hospitals and shelters on alert.
Gujarat, Rajasthan, and Delhi to witness prolonged heatwave; Heavy rainfall likely in South India over next two days, says IMD
The IMD has issued heat wave alerts for northern and western states of India, including Rajasthan, Gujarat, Delhi, Punjab, and Haryana, with temperatures soaring above normal. Heatwave conditions are expected to persist for the next week. Conversely, southern states like Tamil Nadu and Kerala are predicted to experience heavy rainfall in the coming days.
Blinkit to now deliver ACs in 10 minutes
Quick commerce platforms are anticipating a surge in demand amid predicted heat waves this year. ET reported in February that rapid delivery platforms are prepping for early summer and ramping up their operations for summer-oriented products such as ice-creams, cold drinks, and even air-conditioners and coolers.
India must brace for 9-10% power demand surge in 2025 amid rising temperatures, warn experts
Experts warn that India should prepare for a 9-10% increase in peak electricity demand this summer due to rising temperatures and more heatwaves. Electricity consumption, particularly from households, has grown rapidly, driven by economic growth and a rising need for cooling. Increased air conditioner sales and energy inefficiency raise concerns about future energy demand and climate impact.
India must brace for 9-10% power demand surge in 2025 amid rising temperatures, warn experts
India is expected to see a 9-10% rise in peak electricity demand this summer due to more heatwaves, driven by climate change. Experts highlight the surge in air conditioner sales and the rising household electricity consumption. Concerns are raised regarding energy inefficiency of air conditioners and the need for sustainable cooling solutions to combat emissions.
Indian cities most vulnerable to heat waves focus on short-term fixes: Report
Indian cities prone to future heat waves are concentrating on short-term responses while neglecting long-term measures, reveals a study by the Sustainable Futures Collaborative. Cities like Bengaluru, Delhi, and Mumbai lack effective long-term strategies, risking increased heat-related deaths. Poor coordination, staff shortages, and lack of urgency hinder sustained adaptation efforts, the report warns.
$10 billion bhujia: What's behind Haldiram's stratospheric valuation?
Temasek has agreed to acquire a 10% stake in Haldiram at a $10 billion valuation, after other potential buyers withdrew over price concerns. Haldiram's valuation reflects its market dominance and the growth potential of India's ethnic snack sector.
Heat wave in Delhi pushes peak power demand to all-time high level of 8656 MW
According to the realtime data of State Load Dispatch Centre (SLDC) Delhi, the peak power demand reached 8656 MW at 15:06:55 hrs on Wednesday.
Delhi records minimum temp of 28 deg C, orange alert issued amid probable heat wave
On Tuesday, Delhi recorded a minimum temperature of 28°C, normal for June, with humidity at 37%. The India Meteorological Department (IMD) has predicted a heat wave with strong, gusty surface winds. The city is on "orange alert," advising caution as the maximum temperature is expected to reach 44°C.
Heatwave to severe heatwave conditions, strong surface winds likely in Delhi
The Met office predicted a heatwave in Delhi on Monday, with temperatures reaching a maximum of 46 degrees Celsius, and a minimum of 29.2 degrees Celsius, well above normal levels. This will be accompanied by strong surface winds. Relative humidity is expected to be 48%, with clear skies and severe heatwave conditions.
Heat wave: IMD issues red alert for 5 states including Delhi NCR as temperature breaches 48 degrees
A severe heat wave is forecasted to persist in northwest India, including Rajasthan, with temperatures reaching 48°C. The India Meteorological Department warns of intense heat wave conditions affecting several states, including Gujarat and Madhya Pradesh.
Heat wave sweeps India: Delhi records 47.4 deg C, Najafgarh hottest in country; Agra and Barmer hit 46.9°C
On Friday, Delhi witnessed extreme temperatures, with the mercury soaring to 47.4 degrees Celsius in the Najafgarh area, as reported by the India Meteorological Department (IMD), making it the hottest location in the country. This scorching heatwave caused eight stations in Delhi to surpass 45 degrees Celsius, leaving residents grappling with oppressive conditions.
Avoid assemblies, give water breaks: Delhi govt issues advisory to schools on heat wave
The measures include avoiding assembly in schools during afternoon shift, availability of drinking water, extra water breaks during classes and sensitise students to cover their head during direct exposure to sunlight. The Education department further said that temperature in Delhi crosses more than 40 degrees Celsius during the summer and that it is detrimental to the health of children and adolescents studying in schools.
Delhi's temperature may settle around 40°C today; heat wave likely: IMD
The heatwave is likely to intensify and the maximum temperature at the Safdarjung Observatory may touch the 42-degree mark by Saturday, the IMD said. For the plains, a "heat wave" is declared when the maximum temperature is over 40 degrees Celsius and at least 4.5 notches above normal. A "severe" heat wave is declared if the departure from normal temperature is more than 6.4 notches, according to the IMD.
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