extreme weather events to stay, businesses should fine-tune strategies towards ESG: Sanjiv Puri
ITC Chairman Sanjiv Puri emphasized the need for businesses to adjust their strategies in response to increasing extreme weather events and environmental concerns. He highlighted the impact of extreme weather on nature, urban infrastructure, and the Global South. Puri also stressed the importance of adapting and fine-tuning strategies in a dynamic manner, as well as the urgency of addressing gaps in ESG frameworks and regulations. Key Points
Economic TimesExclusive: Top manager at U.S. firm privately sold high-tech in Russia
U.S. technology company extreme Networks Inc said last year it had suspended all business activities in Russia to show solidarity with the people of Ukraine "living under attack." Key Points
ReutersGlobal study unveils climate vulnerability: 4.5 billion people at risk from extreme weather shocks
New Delhi [India], December 5 (ANI): In a study aimed at understanding the impact of climate change on household vulnerability, it has been revealed that over 4.5 billion people, constituting more than half of the global population, are at high risk of experiencing extreme weather events. According to the World Bank, the study emphasizes the […] Key Points
ThePrintHeat waves, cyclones are impacting stock markets across Asia
Extreme weather has always been part of the cost of doing business, but the frequency of such events is increasing. And while volatility linked to them isn’t limited to Asia, it’s certainly the region where the impact on stock markets has been outsized so far this year. Key Points
FinancialexpressView: New extreme tourism options will be adversely affected if self-regulation remains lax
Sky-diving and other established extreme tourism options are heavily regulated and supervised, so that those indulging in it do not come to serious harm, barring freak accidents. But when it comes to natural phenomena, from trekking to live volcanos and chasing tornadoes to venturing into the extreme conditions of the deep sea or deep space, predictability is limited. So also are safety guarantees. Key Points
Economic Times
Sanjiv Puri warns extreme climate events 'here to stay', companies in India must adapt
ITC Chairman Sanjiv Puri said extreme climate change events are 'here to stay' and companies in India need to adapt their strategies accordingly. Puri emphasized the impact of climate change on the Global South and the need for attention to urban infrastructure and industrial ecosystem design. Key Points
mintHeatwaves affect people with disabilities more, Lancet study finds
People having brain lesion disorders and severe physical disabilities are found to be more vulnerable to extreme heat. People with disabilities are hit harder... Key Points
The Tribune Indiaextreme heat is coming. And here's how it can hurt India's economy
Temperatures have been as much as 11 degree Celsius above normal in some regions in the past week. Though current elevated temperatures arent necessarily a signal of extreme weather to come this summer, a meteorologist told Bloomberg, the unusually high February heat does raise an alarm. Key Points
Economic TimesClimate change: Spain breaks record temperature for April
Temperatures reach 38.8C in southern Spain today as heat from Africa brings summer early. Key Points
BBC NewsSleeper cell: Could Conan the Bacterium survive on Mars?
Deinococcus radiodurans has survived harmful radiation, extreme temperatures and a trip to space. New research suggests it could potentially be a Martian too. Key Points
Hindustan Times
Heatwave is the new normal: There is a surprising way it benefits the body
Come summer, and hospitals begin to add beds in anticipation of patients arriving at the ER (emergency room) collapsing because of heatstroke or dehydration. But there's a flipside to this. Key Points
India Today4 auto picks to make money in near to long term; 4 OMCs to buy on dips: Sanjiv Bhasin
Sanjiv Bhasin recommends Ashok Leyland, Maruti, Bajaj Auto, and Motherson Sumi as good picks for making money. He advises investors to buy IOC, NALCO, ONGC, and HPCL in the market correction. Bhasin believes private banks will lead the market higher and mentions the possibility of retail liquidation. He says, Reliance and HDFC Bank should be the main pillars of the index and the rest of the midcaps can continue to be consolidating for some time. Key Points
Economic TimesAfter text messages on phone, extreme weather alerts on TV, radio soon
The National Disaster Management Authority (NDMA) in India plans to extend its early warning system to television, radio, and other media platforms. The authority has already started sending text messages to disseminate critical information about severe weather events such as heavy rainfall, thunderstorms and heat waves among others. The system aims to ensure citizens are promptly informed and better prepared for extreme weather conditions. Key Points
Economic TimesUS reality TV show extreme Weight Loss star, Brandi Mallory, dies at 40
Mallory, featured in Season 4 of the ABC series back in 2014, opened up about her weight loss journey in a 2018 YouTube interview. Motivated by the untimely death of a sorority sister at 29, Mallory expressed the fear that her own life might be cut short. She recounted seeing a casting call for The Biggest Loser and, although not selected for that show, fate led her to extreme Weight Loss. Key Points
Economic TimesWhy Rain Is Getting Fiercer on a Warming Planet
Extreme rain is getting more extreme as temperatures rise. That may seem counterintuitive, but the underlying physics is crystal clear. Key Points
WIRED
Climate change likely to impact people with brain conditions, reveals study
Researchers find an increased number of admissions, disabilities or deaths resulting from a stroke due to higher temperatures or heat waves. Climate change is... Key Points
The Tribune IndiaIndia among 13 'highest-emitters', could face worst of global warming in future — climate risk report
Verisk Maplecroft's Climate Hazard Index also warns of increased heat frequency in these 13 countries. It adds that the 2 largest emitters, US & China, could escape worst of it. Key Points
ThePrintWho is Aaron Bushnell, US Air Force member set himself on fire outside Israeli Embassy in Washington
An active-duty member of the US Air Force, identified as Aaron Bushnell, set himself on fire outside the Israeli Embassy in Washington DC, stating, I will no longer be complicit in genocide. The man has reportedly died from his injuries, after being treated at a nearby hospital for his critical injuries. The incident has sparked an investigation by local police and Secret Service. This act comes amid ongoing protests against the war in Gaza, which has led to pro-Palestinian and pro-Israeli demonstrations in the US. Key Points
Economic TimesAs IMD marks 150th anniversary, calls grow for improved forecasts
India's home and agriculture ministries, along with other agencies, are calling for improved forecasts of extreme weather events as climate change impacts become more pronounced. The agencies highlighted the need for better predictions of heatwaves, lightning strikes, and glacial lake outburst floods, among other events. They stressed that extreme weather is one of the biggest challenges facing the country and that accurate and localized forecasts are necessary for farmers and disaster management. The India Meteorological Department also launched a National Framework of Climate Services to reduce losses from climate hazards. | Latest News India Key Points
Hindustan TimesCold tightens its grip over North India, dense fog envelopes UP
The winter chill continues to grip Uttar Pradesh, as Noida, Aligarh, and Ghaziabad witnessed dense fog on Saturday. The mercury dropped even lower, leading locals to gather around bonfires for warmth on the streets. Key Points
Economic Times
Ready for another round of outperformance? 4 tile and ceramic product maker stocks with upside potential o
Like many industries, home building products like ceramic tiles got a sharp re-rating in the last couple of years. Any company with a strong brand got to valuations which were much higher than average valuation they got in years. As it happens, when valuations reach an extreme high zone, self correction sets in. Stocks move in a broad range, they tend to under perform in a bullish market, but at the time in a bearish market they outperform by falling less as compared to another. Essentially, they witness a time wise correction for a period where earnings reach a level that their valuations become normal. After becoming normal, the probability of another round of strong upward movement increases. Key Points
Economic TimesView: Light up the world from Diwali to Christmas
The US politicians Bobby Jindal and now Nikki Haley, both of whom converted to Christianity to become more acceptably mainstream in the 1980s and 1990s respectively, are extreme examples of the extent to which migrant Indians in the 20th century strove to integrate. Most Indians, however, kept their faith while anglicising their names and mannerisms so as to fit in. Food was practically the only marker of their ethnicity that survived this acculturation. But something has changed in the 21st century. Diwali, Holi and many other festivals have spilled out of exclusively Indian circles to become universal celebrations. Key Points
Economic TimesAs extreme Heat Increases, Heart Attacks Will Rise
Dangerously hot days are becoming more common. That will trigger heart attacks and strokes in people made vulnerable by age, race, and the layout of cities. Key Points
WIREDFood prices pick up as trade tensions, extreme weather flare
In the month of July, the United Nations index of food-commodity prices has risen 1.3%. Key Points
Economic TimesConsumer companies gear up to weather climate risk
Companies such as Swiggy and Zomato have tied up with weather forecasting agencies and in-house experts to ensure delivery disruptions are reduced. Additionally, Coca-Cola is adopting an all-weather strategy that includes home stocking of beverages and increasing trade discounts during extreme climate conditions. Key Points
Economic Times
Don’t be a victim of good times in the market; how to make money during stock market extremes
When emotional investors take an extreme view of an assets future and, as a result, take the price to unjustified levels, the ‘easy money is usually made by doing the opposite. This is, however, very different from simply diverging from the consensus all the time. Key Points
Economic TimesMercury Mayhem | Dead crops, packed crematorium: Severe heatwave in Bihar throws life out of gear
Amid a severe heatwave in Bihar's Bhagalpur, a crematorium at Barari Ghat is running out of space to bury the bodies. The soaring temperatures have singed crops and thrown life out of gear in the state. Key Points
India TodayPM Modi calls for deliberations on global food security at ongoing G20 Agri Ministers conference
Climate change is causing extreme weather events, more and more frequently. These challenges are felt most by the global South, Modi added. He said India's policy is the fusion of back to basics and march to future even as the country is promoting natural farming as well as technology-enabled agriculture. Key Points
Economic TimesTwo million killed, $4.3 trillion in damages from extreme weather over past half-century: World Meteorological Organisation
According to a UN report, extreme weather, climate and water-related events over the past half-century around the globe have killed more than 2 million people and caused economic damage of $4.3 trillion. Key Points
The HinduCome May 16, heatwave likely to prevail across district: IMD
A heatwave is expected in the Indian district over the next five days, with temperatures likely to remain above 40°C. The district has not experienced such extreme temperatures this season. Health experts have advised certain groups, including children and the elderly, to avoid going out in the sun between 12 pm and 2 pm. Residents have been advised to stay hydrated, wear light-coloured clothing, and eat fruits and vegetables with high water content. Symptoms of heat-related ailments should be brought to medical attention immediately. Key Points
Hindustan Times