Odisha recorded its highest rainfall deficiency this monsoon in over two decades, the MeT Centre has said, amid fears that the dry spell could trigger a drought in the state.

Odisha received only 661.1 mm of rain between June 1 and August 31 this year against a normal of 935.8 mm, a deficiency of 29 per cent, the Meteorological Centre here said.

Shares of TD Power Systems (TDPS) were locked in the upper circuit of 20 per cent at Rs 349.40, hitting a three-year high on the BSE in Thursday's session amid expectations of strong earnings growth going forward. The stock was trading at its highest level since May 2015. It had hit a record high of Rs 479 on December 30, 2014.

The trading volumes on the counter more-than-doubled with a combined 958,054 equity shares having changed hands on the NSE and BSE so far.

Shares of cement makers were in demand with frontline stocks such as UltraTech Cement, ACC and Ambuja Cements all hitting their respective all-time highs on the BSE in the intra-day trade. The buying interest at these counters can be attributed to expected rise in cement demand as per market analysts, post easing of localised curbs and monsoon.

Among individual stocks, UltraTech Cement hit a record high of Rs 7,931, up 2 per cent in intra-day trade. Ambuja Cements ( up 2 per cent at Rs 430.35) and ACC (up 2 per cent at Rs 2,469) too hit new highs, surpassing their previous highs recorded on August 4, 2021.

Shares of Kitex Garments hit the 10% upper circuit at Rs 164.10 on the BSE this morning after the company announced that Telegana government has approved its expansion plan.

The proposal submitted by Kitex Garments before Government of Telegana towards expansion plan has been approved, the company said in exchange filing. The Government order will be issued within a few days, it added.

The Indian rupee appreciated 6 paise to 73.02 against the US dollar in opening trade on Thursday, tracking a positive trend in domestic equities and sustained foreign fund inflows.

At the interbank foreign exchange, the rupee opened at 73.04 against the dollar, then surged higher to 73.02, up 6 paise over its previous close.

Indian car maker Mahindra and Mahindra said on Thursday it expects a 20%-25% drop in September vehicle production at its automotive division due to semiconductor shortages.

Car makers across the world have been hit by semiconductor shortages and warned of further pain due to stiff competition from the sprawling consumer electronics industry for chip deliveries.

Amazon, the world’s largest online retailer, will host its first-ever Career Day in India on September 16. This virtual and interactive event will bring together Amazon leadership and employees to share what makes Amazon an exciting workplace. The company would also showcase how it is steadfast in its commitment to help India unleash its true potential in the 21st century.

Amazon said it is currently hiring for more than 8000 direct job openings across 35 cities in the country, including cities like Bengaluru, Hyderabad, Chennai, Gurgaon, and Mumbai.

Oyo on Wednesday launched ‘Oyo 360-a self-onboarding tool’ for its prospective patrons, including small hotel, home-owners and the ex-Oyo patrons who have been impacted by Covid-19 to boost their revenues and increase profits.

With Oyo 360, the company will fast-track onboarding in 30 minutes from the current time of 15 days. This is a significant initiative under Oyo's increased focus on building a technology focused company.

Japan has put on hold a batch of Moderna's Covid-19 vaccine after a pharmacist saw several black particles in one vial of the vaccine.

The pharmacist saw some foreign substance in one vial of the vaccine in Kanagawa Prefecture while checking it before use, according to authorities.

The Taliban 2.0 government is in the final stages of formalization with the first announcement of the new Cabinet of Ministers expected to happen in the next 24 to 48 hours.

Taliban chief Hibatullah Akhundzada is expected to reach Kabul today with the outfit likely to announce the new Cabinet of the Afghanistan government as early as today evening or tomorrow, according to a Hindustan Times report. Akhundzada is currently in Kandahar.

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