Heavy rainfall affects normal life in Gurugram, leads to waterlogging

More than six hours of rainfall on Thursday led to heavy water logging and a flood-like situation on multiple stretches and areas in Gurugram. According to the district administration, Gurugram district recorded 395 mm of rainfall till 5 p.m. The residents were seen helpless while multiple stretches across Gurugram resembled river. … Read more

Manhattan home sales drop below pre-Covid normal as rates bite

Manhattan home sales under $1 million sagged well below their pre-pandemic levels this summer, as rising interest rates cut into buyers’ purchasing power and sidelined some potential consumers.  The number of properties for sale under $500,000 that entered contract in June, July and August was 29% less than the average number of transactions for that same period in the decade … Read more

Normal monsoon drives August FMCG sales up nearly 7% in rural areas: Bizom

Demand for fast-moving consumer goods in rural India grew 6.7 per cent in value in August, while urban areas registered a value growth of 5.5 per cent over July, as consumption in rural areas increased due to normal and above normal monsoons in most parts of the country, according to data … Read more

As Fed goes full steam ahead on higher interest rates, banks brace for new normal

The Federal Reserve’s target federal funds rate is as high as it has been in a decade and is unlikely to go any lower in the foreseeable future, Chair Jerome Powell said Friday. But just how this new reality will affect banks individually depends in large part on what’s in their loan books. During a … Read more

3 die as heavy rain with wind lashes Jharkhand; effects normal life

Three persons died on Saturday in Jharkhand as heavy rain along with high-speed wind lashed several districts of the state, inundating low-lying areas and uprooting scores of trees and electricity poles, officials said. A woman died when a mud wall of her house collapsed in West Singhbhum district as a deep depression … Read more

Normal monsoon in Aug-Sep, but Bihar, northeast to see deficit: IMD

India will receive normal monsoon rains in August-September, particularly in eastern Uttar Pradesh, Bihar and Jharkhand regions that have received the lowest rainfall in 119 years, the weather office said on Monday. Rainfall in the east and northeastern regions, the rice bowl of the country, has been 45 per cent lesser than … Read more