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Thursday,10-April-2025
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Equity indices recover on European cues; realty stocks rise

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 India’s key equity indices — S&P BSE Sensex and NSE Nifty50 — rebounded during Tuesday’s mid-afternoon trade session as healthy buying was witnessed in realty sector.

During the initial trading hours, both the indices opened flat but rose thereafter only to cede all their gains.

Nevertheless, the key indices have witnessed a recovery.

Globally, Asian markets dipped from opening levels as fresh worries about China’s property sector weighed on investors’ sentiments post a good opening following gains on the wall street.

Besides, European stock markets climbed higher.

On the domestic front, volumes were in line with recent averages.

All sectors traded in the green with Realty and Consumer Durables gaining the most.

Consequently, the 30-scrip Sensex closed at 61,295.97 points, up 328.92 points, or 0.54 per cent.

Similarly, the NSE Nifty50 ended the day’s trade higher. It rose to 18,243.65, up 118.25 points, or 0.65 per cent.

“Nifty after some intra day volatility may end up in the positive,” said Deepak Jasani, Head of Retail Research, HDFC Securities.

According to Likhita Chepa, Senior Research Analyst at CapitalVia Global Research: “Our research suggests that 60,400 levels will act as immedia te support level. we can expect the market to trade in the range of 60,400-6 1,400.

“Traders will be cautiousness with the report that Foreign Institutional Investors (FII) have net sellers of domestic stocks for five consecutive days.”

National

Gujarat can witness one of the hottest years in 2025: Scientists

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Ahmedabad, April 10: As Gujarat grapples with soaring temperatures, Ahmedabad recorded a high of 42°C (108°F) on Thursday, with a predicted forecast similar for the coming days. ​

Over the past few decades, Gujarat has witnessed a consistent increase in both minimum and maximum temperatures. Scientists warn that 2025 could be one of the hottest years on record if current trends continue.

The IMD’s ‘State-Level Climate Change Trends in India’ report indicates an annual rise of approximately 0.02°C in these temperature metrics. While this increment may seem marginal every year, its cumulative effect over time has led to more frequent and intense heatwaves.​

The IMD predicts that the intense heat will persist throughout April and May, with maximum temperatures ranging between 41°C to 45°C (106°F to 113°F) in parts of Gujarat. A slight respite is expected with the onset of the monsoon season in June, although temperatures are still projected to remain above normal during this period.

Experts suggest that several factors contribute to this warming phenomenon. Rapid urbanisation and industrialisation have transformed cities like Ahmedabad and Surat into heat islands, where concrete structures and asphalt surfaces absorb and retain heat, elevating local temperatures.

Additionally, deforestation for agricultural expansion and urban development has diminished the natural cooling effects of vegetation, further exacerbating the heat.​ Gujarat’s geographical features also play a role. Its extensive coastline along the Arabian Sea means that rising sea temperatures can influence local climate conditions.

“Urbanisation in cities like Ahmedabad and Surat has replaced natural landscapes with heat-trapping concrete, asphalt, and steel. These materials retain heat well into the night, increasing not just daytime but also nighttime temperatures. It’s a classic case of the urban heat island effect,” said a climate scientist at the Gujarat Ecology Commission.

Further, Gujarat’s semi-arid geography makes it more vulnerable to temperature extremes. Unlike forest-rich regions, dry land heats up faster and offers minimal natural cooling. This makes rural populations and agricultural workers especially susceptible to heatstroke and dehydration.

In May 2010, Ahmedabad experienced an extreme heatwave, with temperatures soaring to unprecedented levels. Studies indicate that during this period, there was an estimated 43 per cent increase in all-cause mortality, translating to approximately 1,344 excess deaths compared to similar periods in 2009 and 2011. ​

More recently, in May 2024, Gujarat recorded 187 cases of heatstroke, with Ahmedabad accounting for 69 of these cases. Notably, 152 of these cases across the state, including 66 in Ahmedabad, were reported in the last ten days of May when average temperatures reached 44.6°C. ​

In the agricultural sector, increased heat stress adversely affects crop yields, threatening food security and the livelihoods of farmers.

Health-wise, the prevalence of heat-related illnesses has surged. For instance, during a heatwave in 2010, Ahmedabad recorded 76 heatstroke deaths in a single week.

Subsequent analyses revealed an excess of 800 deaths during that period, highlighting the severe impact of extreme heat on public health.

​ In response to the increasing heat, the Gujarat government has implemented several measures to mitigate the impact on its citizens.

The Gujarat State Disaster Management Authority (GSDMA) has developed action plans for high-risk cities, focusing on early warning systems and public awareness campaigns.

Furthermore, the government has advised residents to take precautions against heat-related illnesses, emphasising the importance of staying hydrated and avoiding direct sun exposure during peak hours. The health impacts of rising temperatures are profound.

Studies have shown a significant increase in heat-related illnesses and mortality during extreme heat events.

For instance, the 2010 heatwave in Ahmedabad was associated with a 41.3 per cent increase in all-cause mortality. To combat this, the Ahmedabad Municipal Corporation has launched heat wave preparation and warning systems aimed at protecting vulnerable populations.

Looking ahead, projections indicate that Gujarat’s mean temperature could rise by up to 5°C by the end of the 21st century.

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National

Assam govt to distribute financial aid to 43 lakh beneficiaries

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Guwahati, April 10: Assam Chief Minister Himanta Biswa Sarma said on Thursday that over 43 lakh persons, including a large section of women, are set to benefit from the state government’s cash transfer scheme.

Taking to social media platform X, CM Sarma wrote, “It’s the 10th of April and like every month, today is Pension and Orunodoi Day in Assam, our most comprehensive Jan Kalyan effort. Over 43 lakh people, mostly women will get over ₹384cr directly in their bank accounts to enable them to fulfill their basic necessities.”

Under the Orunodoi scheme, the state government provides financial assistance to women on the 10th of every month.

The CM earlier also asserted that to prevent fraudulent claims, the Orunodoi scheme is being linked with ration cards. The state administration has distributed at least 20 lakh new ration cards to the beneficiaries across the state recently.

CM Sarma highlighted the steadfast commitment of the current state government to ensure that the needy have regular access to rice.

He noted that the National Food Security Act (NFSA) was implemented in Assam in December 2015, with the aim of safeguarding the nutritional needs of approximately 2.51 crore beneficiaries.

He emphasised that 85 per cent of rural residents and 60 per cent of urban inhabitants should be entitled to ration cards.

The CM said that following the linking of ration cards with Aadhaar, an additional 60 lakh cards have been issued, thus facilitating the distribution of free rice via biometric verification.

He commended the successful implementation of the ‘One Nation, One Ration Card’ scheme, which has been in place for the past three years, allowing beneficiaries to access provisions from anywhere in the country.

The Chief Minister clarified that ration cards must be collected between the 1st and 10th of each month and reassured the public that no fraudulent claims would be entertained, as the government has made substantial efforts to ensure that deserving families receive their entitlements.

CM Sarma stated that in the 2023-24 fiscal year, 42,85,745 new beneficiaries have been included, with 10,73,489 new families receiving ration cards in January alone, benefitting more than 52 lakh people. The Chief Minister also said that families holding ration cards would be eligible for free medical treatment up to Rs five lakh at government hospitals under the Ayushman Bharat and Ayushman Assam schemes.

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Business

More Indian women taking up high-demand roles in tech: Report

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New Delhi, April 10: As India’s tech industry continues to grow at a rapid pace, more and more women are stepping into high-demand roles and making a strong impact, a new report said on Thursday.

Women are increasingly taking up key positions in technology and business, especially in areas that offer high salaries and strong career growth.

“From fresh graduates to experienced professionals, women are climbing the ladder in fields like data science, product management, cloud engineering, cybersecurity, and project management,” according to the report by TeamLease Digital.

These roles are not just offering good salaries but are also helping women build strong careers in the digital economy.

The report highlights that product management is one of the most attractive roles for women. While freshers can earn up to Rs 22.1 lakh per annum, senior product leaders with over eight years of experience can draw salaries as high as Rs 1.6 crore per annum.

Similarly, data scientists with a few years of experience can earn up to Rs 18 lakh, and senior professionals in this field can go on to make Rs 1.5 crore annually.

Cloud engineering is another area where demand is growing. Entry-level cloud engineers can earn up to Rs 14 lakh, while experienced cloud architects can make up to Rs 1 crore.

In project management office (PMO) roles, women are increasingly getting hired to handle complex projects.

Freshers can earn up to Rs 15 lakh per year, and senior professionals in the PMO field can go up to Rs 80 lakh per annum.

Cybersecurity is also becoming a preferred choice for women, especially as companies invest more in digital safety.

Entry-level roles can offer Rs 12 lakh per year, and those with more than eight years of experience can earn up to Rs 90 lakh annually.

These roles are not only well-paying but also give women the chance to take leadership positions and shape the future of digital businesses.

According to the report, women are making a visible shift in the tech industry and are contributing strongly to innovation and strategic growth.

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