At a time when India is staring at a likely food grain shortage due to less showing of kharif crops, especially paddy, unexpected rainfall in several states has damaged ready for harvesting crops such as rice, crop, Soybean, cotton and vegetables.
This could further stoke inflation in the fifth largest economy in the world.
It is expected that 15 to 20 percent summer sown crops could be damaged due to unseasonal rain.
The Indian meteorological department (IMD) data showed that India received 57.3 mm rainfall as against the rainfall of 34.3 mm between October 1 and 10.
# Russia-Ukraine
Russia unleashed a lethal barrage of strikes against multiple Ukrainian cities on Monday smashing civilian targets including kyiv.
India expressed concern over the development and called for immediate cessation of hostilities.
The Indian embassy in kyiv cautioned its citizens to avoid non essential travel to and within Ukraine.
Putin vowed a tough and proportionate response should Ukraine carry out further attacks that threaten Russia’s security.
# Gold and Silver
Gold prices in the national capital dropped ₹543 to ₹51625 per 10 grams on Monday amid a decline in the prices of precious metals in the international markets.
Silver tumbled by ₹2121 to ₹59725 per kilogram.
# Tata motors
Tata motors on Monday reported 33 percent increase on global sales including that of Jaguar land Rover to 335976 units in September quarter 2022.
Global sales of all passenger vehicles were at 232750 units in the quarter as against the 162634 units in the year ago period.