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Unrelenting rain forced the abandonment of the first-day's play of the two-day practice match between India and Prime Minister's XI here on Saturday, robbing Rohit Sharma and Shubman Gill of some much-needed Pink ball game time ahead of the day-night second Test against Australia at Adelaide. The teams have agreed to play a 50-over-a-side match on Sunday at the Manuka Oval, weather permitting. However, the day might have come as a dampener for captain Rohit, who had skipped the first Test at Perth to welcome a baby boy into his family, ahead of the Pink Ball Test, starting from December 6. Though he has had couple of extensive net sessions with Pink ball, facing some quality bowlers in a real-match situation holds a different value, considering India's last day-night Test was against Sri Lanka in March 2022 in Bengaluru. Gill had to sit out of the first Test because of a finger injury and the top-order batter is expected to walk back into the eleven. Prior to that, Gill, who also had a good hit at nets on Friday, would have been hoping to enter the match zone through this side game. Rohit and Gill are expected to replace Devdutt Padikkal and Dhruv Jurel in the playing eleven for the Adelaide Test. Now, they will pin their hope to form some early plans for the Pink ball Test on Sunday through that 50-over game. India have so far played four pink ball Tests. After their victory over Bangladesh (2019, Kolkata), India lost to Australia in 2020 (Adelaide) before winning against England (2021, Ahmedabad) and Sri Lanka (2022, Bengaluru) at home.

India vs PM XI: 1st day's play abandoned due to rain; Rohit, Gill miss Pink ball game time

Imagine overturning dismal form, embarking on a remarkable winning run and edging tantalisingly close to your final goal, only to have your aspirations dampened by the capricious whims of the weather. Such is the predicament facing <keyword id="21019173" type="General" weightage="20" keywordseo="Royal-Challengers-Bengaluru" source="keywords" meta.keywordsubtype="org" meta.entityname="Royal Challengers Bengaluru" meta.hostid="261" meta.entityid="Royal Challengers Bengaluru">Royal Challengers Bengaluru</keyword> (<keyword id="20282652" type="General" weightage="100" keywordseo="RCB" source="keywords">RCB</keyword>) at the moment. From the depths of despair in the first half of the season, RCB rallied magnificently, stringing together an impressive series of victories that have brought them within touching distance of their <keyword id="19911541" type="General" weightage="20" keywordseo="IPL-2024" source="keywords">IPL 2024</keyword> playoff aspirations. Currently positioned sixth in the table with 12 points, their fate now hinges on the outcome of their final league match against third-placed Chennai Super Kings (CSK). This showdown on Saturday (May 18) is poised to be a do-or-die encounter for both teams, with the winner likely securing a coveted playoff berth. However, should this pivotal encounter in <keyword id="19895037" type="General" weightage="20" keywordseo="Bengaluru" source="keywords">Bengaluru</keyword> be unceremoniously affected by rain, both teams will be awarded a solitary point each. This outcome would effectively sound the death knell for RCB's playoff dreams. And the prospect of rainfall looms large indeed, with The <keyword id="21685686" type="General" weightage="20" keywordseo="weather-channel-india" source="keywords">Weather Channel India</keyword> indicating an 80% likelihood of precipitation coupled with the potential for severe thunderstorms over the M. Chinnaswamy Stadium on Saturday evening. While a fortunate outcome where rain spares the game appears improbable, it remains within the realm of possibility. Remarkably, such a miracle did unfold during RCB’s victory over Delhi Capitals last Sunday, when rain deluged many areas of Bengaluru but spared the stadium region. If lightning strikes twice (strictly metaphorically, for RCB’s sake!) and Saturday’s match proceeds as planned, a win would take RCB level on points with CSK. Moreover, achieving victory by a margin of 18 runs or more or chasing the target within 18.1 overs would propel RCB's net run rate above CSK's, thus securing their berth in the playoffs. If CSK suffer a defeat by a margin of fewer than 18 runs, their net run rate will remain superior to RCB's. However, a more substantial loss would mean CSK will have to rely on SRH losing its remaining games and finishing behind CSK on the run rate. In such a scenario, both CSK and RCB would qualify for the playoffs. What will happen on this utterly unpredictable day of IPL drama? Only time will tell.

Rain gods to determine RCB’s fate in IPL 2024 as Bengaluru braces for wet weather this weekend

If you live in Bengaluru, you’re probably huddled up in a cosy blanket right about now, armed with a cup of hot cocoa in one hand and the TV remote on the other. And then, a maddeningly familiar shiver runs through you — the same shiver that has frustrated you several times in the past few hours: you need to pee, and quick! While it's a topic many prefer to avoid, cold-weather-induced <keyword id="20218958" type="General" weightage="20" keywordseo="urination" source="keywords">urination</keyword> is a phenomenon that most people will experience at some point in their lives. The underlying reason? A curious process known as <keyword id="22216770" type="General" weightage="20" keywordseo="cold-diuresis" source="keywords">cold diuresis</keyword>. <h2>Nature's heat preservation mechanism</h2>There are many reasons that can contribute to <keyword id="22216771" type="General" weightage="20" keywordseo="excessive-urination" source="keywords">excessive urination</keyword> in <keyword id="19924600" type="General" weightage="20" keywordseo="cold-weather" source="keywords">cold weather</keyword>. For instance, when temperatures drop, your body goes into survival mode to prevent <keyword id="20283762" type="General" weightage="20" keywordseo="hypothermia" source="keywords">hypothermia</keyword>. One of the primary methods it uses to keep you warm is constricting your blood vessels, which reduces blood flow to your skin and conserves heat around your vital organs. This vascular constriction leads to an increase in <keyword id="20000501" type="General" weightage="20" keywordseo="blood-pressure" source="keywords">blood pressure</keyword> since the same amount of blood is now circulating through a smaller space. In response, your kidneys kick into high gear to filter out excess fluid from your blood to reduce this pressure. The end result is more trips to the bathroom. Further, cold weather can cause muscles to tense up, including those in the pelvic floor. This extra pressure on the bladder can increase the need to urinate. In winter, we sweat less and often drink less water. The reduced sweat means more fluid needs to be processed through the kidneys, leading to a fuller bladder. Furthermore, dry winter air can lead to dehydration, increasing the risk of <keyword id="20763172" type="General" weightage="20" keywordseo="urinary-tract-infections" source="keywords">urinary tract infections</keyword> (UTIs), which can also cause frequent urination. Many studies have shown a UTI spike during the <keyword id="19953533" type="General" weightage="20" keywordseo="winter-season" source="keywords">winter season</keyword>. <h2>Relax, it’s not that serious (mostly)</h2>Interestingly, there's no definitive research pinpointing the exact temperatures or conditions that trigger cold diuresis. However, scientists agree that it is not typically a sign of a serious condition. If you're among those who feel the need to pee more when it's chilly, you can usually chalk it up to your body's natural response to the cold. For some, the increased urge to urinate in cold weather can indicate a condition called <keyword id="21387042" type="General" weightage="20" keywordseo="overactive-bladder" source="keywords">overactive bladder</keyword> (OAB). OAB is characterised by a frequent need to urinate and can be exacerbated by cold weather. Symptoms include increased trips to the bathroom, feeling like your bladder fills up more quickly, a sudden, uncontrollable urge to pee, frequent nighttime urination, and occasional leaks due to strong urges. <h2>Here’s what you can do about it</h2>Since cold diuresis is a signal that your body is trying to ward off hypothermia, bundling up is essential. Wear layers and protect your extremities. Hydration is also important. Even though you might not feel as thirsty in the cold, it’s essential to drink water to compensate for the increased urination. A few extra bathroom trips are normal, but if you find it excessive or accompanied by discomfort, consult a healthcare provider to rule out conditions like OAB. For those with OAB, using incontinence products like bladder pads can prevent leaks and accidents, making it easier to enjoy winter activities.

Why do you need to pee more when it gets cold?

<keyword id="19895037" type="General" weightage="20" keywordseo="Bengaluru" source="keywords">Bengaluru</keyword>, Karnataka’s bustling capital, is currently witnessing a worrying surge in dengue fever cases, sending waves of concern across its populace. In just 20 days, the city has recorded an alarming 1,000 cases, highlighting a drastic surge compared to previous years. Alongside dengue, there has been a notable uptick in viral fever cases, further straining local healthcare resources. Experts point to the unusual weather conditions as a key culprit. The lack of rain and unexpected cold winds have created a breeding ground for mosquitoes, the carriers of dengue. Additionally, BBMP's increased vigilance with fever surveys has led to more detections, contributing to the higher case numbers. Chief Health Officer Dr. Syed Madani emphasised the proactive stance of the health department, noting a quadrupling in checks compared to previous years. In the first half of 2024 alone, Bengaluru has already reported nearly 5,000 dengue cases, significantly surpassing last year’s figures for the same period. Most of the surge came after May this year. The eastern and Mahadevpura zones of Bengaluru have been hit the hardest by dengue, with construction work creating stagnant water – a perfect haven for mosquitoes. The southern zone, meanwhile, is grappling with chikungunya, another mosquito-borne illness. The health department is pulling out all the stops to combat the outbreak. Fogging drives are underway to kill mosquito larvae, and public awareness campaigns are educating residents on preventing water stagnation around their homes. Continuous fever surveys are also being conducted to identify potential cases early on. The severity of the outbreak hit close to home when Chief Civic Commissioner Tushar Giri Nath tested positive for dengue. Despite the setback, Nath is expected to resume his duties shortly, underscoring the personal toll of the city's health crisis. In response to mounting cases, <keyword id="19909918" type="General" weightage="20" keywordseo="Chief-Minister-Siddaramaiah" source="keywords" meta.keywordsubtype="org" meta.entityname="Chief Minister Siddaramaiah" meta.hostid="261" meta.entityid="Chief Minister Siddaramaiah">Chief Minister Siddaramaiah</keyword> has convened high-level meetings with BBMP officials and health authorities to strategize further containment efforts. With June alone witnessing 1,036 reported cases, Bengaluru braces for potentially higher numbers during the monsoon season, traditionally conducive to mosquito proliferation. However, BBMP officials are confident that their preventative measures, including extensive surveillance, fever detection, and source reduction activities, will help control the situation.

Bengaluru on dengue alert: City reports over 1,000 cases in 20 days; BBPM Chief falls prey to disease

If you step out into <keyword id="19895037" type="General" weightage="100" keywordseo="bengaluru" source="keywords">Bengaluru</keyword> traffic these days, there’s a good chance you’ll discover a bulky water tanker spearheading the all-too-familiar clog in traffic. Amidst the ongoing <keyword id="6355836" type="General" weightage="20" keywordseo="water-crisis" source="Orion">water crisis</keyword>, India’s Silicon City has mobilised thousands of tankers that zip, almost heroically, across the city, rescuing parched residences from the metro’s urban planning crisis. Bidding to reduce their reliance on the exorb<keyword id="6354185" type="General" weightage="20" keywordseo="it" source="Orion">it</keyword>ant tankers — a necessary step after the exhaustion of half the city’s groundwater-fed borewells — many residential societies have begun innovating water-saving techniques, with varying degrees of success. However, for the several businesses and industries littering the metropolitan town, it seems like dark days are looming. <cmsannotation type="cmsannotation" annotationid="IT in turmoil" comment="subhead" text="IT in turmoil">IT in turmoil</cmsannotation> Hosting over 1,400 tech companies that employ tens of lakhs of employees, Bengaluru has certainly earned its title as India’s ‘Silicon Valley’. Not only has this driven a rapid boom in economic, infrastructural and industrial development, the city has acted as a magnet for people looking for attractive employment opportunities. Unfortunately, this success has also resulted in <a href="https://bpac.in/bangalore-population-growth-consequences-and-possible-solutions/" data-type="tilCustomLink">population levels haphazardly spiking</a> from 2,900 people per square kilometre in 2001 to 4,300 within a single decade. Estimates suggest that this figure may have breached 8,000 by now! In addition to deterring water-cooler conversations, the lack of water in their workplaces have led to several companies already urging employees to work from home. Echoing a growing sentiment among the city’s techies, <a href="https://m.economictimes.com/news/india/it-companies-in-bengaluru-urged-to-give-15-lakh-employees-wfh-option-as-city-grapples-with-water-crisis/articleshow/108761390.cms" data-type="tilCustomLink">ex-Chief Justice K Sreedhar Rao also pleaded</a> for temporary remote arrangements for migrant IT workers to depopulate Bengaluru till the water crisis is dealt with. However, many such multinational employees have already begun to preemptively take matters into their own hands by temporarily or permanently moving to other cities, such as the nearby Mysuru. Needless to say, this has disrupted operations for many companies, including some of the top IT firms in Bengaluru. In a surprising turn of tragic events, senior personnel at <keyword id="19969515" type="General" weightage="20" keywordseo="dell" source="keywords">Dell</keyword> have begun skipping meetings to prioritise their procurement of water, reported the Deccan Herald. <cmsannotation type="cmsannotation" annotationid="Real estate rates to fall; restaurants forced to adapt" comment="subhead" text="Real estate rates to fall; restaurants forced to adapt"><keyword id="6354553" type="General" weightage="20" keywordseo="real-estate" source="Orion">Real estate</keyword> rates to fall; restaurants forced to adapt</cmsannotation> With pleasant weather the year round, Bengaluru has proven itself time and again as an excellent place to settle down and relax. The city’s diverse population is a testament to its uncanny ability to draw people from all over India, even before the city’s notable IT boom. Real estate has now hit an all-time high, with high demand and attractive financial options helping the sector grow exponentially in the past few decades, reportedly recording a staggering nine-year-high 54,000 housing units sold in 2023. However, the city’s recent water woes have left potential property investors second-guessing. According to a recent Deccan Herald poll, around 60% of the respondents noted that they have postponed their move to Bengaluru due to the ongoing shortage, while a similar number of people have also begun evaluating investment options in other cities. Homebuyers have also begun to diligently inquire into <keyword id="55273" type="General" weightage="20" keywordseo="groundwater" source="Orion">groundwater</keyword> borewell depths and water-saving technologies when consulting developers. While <a href="https://www.deccanherald.com/business/bengaluru-water-crisis-alarms-property-investors-dh-poll-2930539" data-type="tilCustomLink">many contractors remain firm</a> that these reactions are not representative of a long-term trend, some experts have predicted that a fall in property prices may become inevitable. A <a href="https://www.republicworld.com/business/real-estate/bengaluru-water-crisis-property-prices-in-peenya-hsr-layout-marathahalli-to-fall-15-say-experts/" data-type="tilCustomLink">Republic report</a> explains that house rates could fall up to 10-15% in the most water-stressed regions of East and Central Bengaluru, including HSR Layout, Marathahalli, Rajaji Nagar and Peenya. Needless to say, the crisis has also taken a toll on Bengaluru’s various hotels and eateries, many of which are severely dependent on tanker water for cooking, cleaning and drinking purposes. Krishna Raj, owner of the popular <keyword id="21126683" type="General" weightage="20" keywordseo="nisarg-grand-hotel" source="keywords">Nisarg Grand Hotel</keyword>, <a href="https://www.livemint.com/news/india/bengaluru-water-crisis-news-hotels-disposable-utensils-shortage-lok-sabha-polls-karnataka-dk-shivakumar-congress-bjp-11710055127680.html" data-type="tilCustomLink">explained</a> that they might have to begin serving food in disposable utensils if the trend continues into the summer months. <cmsannotation type="cmsannotation" annotationid="Industrial district parched" comment="subhead" text="Industrial district parched">Industrial district parched</cmsannotation> Located in Northwest Bengaluru, Peenya is home to thousands of industries of varying sizes, producing a host of electronics, textiles, packaging, machines and other consumer items. However, being one of the largest industrial areas in Asia hasn’t protected its businesses from the ongoing crisis. In an <a href="https://www.business-standard.com/industry/news/bengaluru-water-crisis-to-impact-local-industries-in-coming-weeks-experts-124030601026_1.html" data-type="tilCustomLink">interview with Business Standard</a>, <keyword id="21126682" type="General" weightage="20" keywordseo="peenya-industries-association" source="keywords">Peenya Industries Association</keyword> President H. M. Arif explained that the area’s micro-industries are strained to the point that many could be forced to close soon if the water crisis continues unmitigated. Many such sectors have also become hopelessly reliant on tanker water, and the associated rising costs have begun to bottleneck the manufacturing process. Prices of several commercial products could go up soon if this trend continues. “Many from the hosiery or garment sector need water for processing,” Arif explains. “You need water for workers as well as other needs. The government is saying it will source recycled water for the industry. But for that, there is a tendering process and at this rate, we will not get water this season.” <cmsannotation type="cmsannotation" annotationid="Solutions and cautious optimism" comment="subhead" text="Solutions and cautious optimism">Solutions and cautious optimism</cmsannotation> This is not to say that the government isn’t taking measures to tackle the crisis. After ordaining centralised control over water tankers and actively regulating prices to ensure the city’s water isn’t hoarded solely by the rich, officials also placed bans on recreational water use. In addition, initiatives are underway to “inject” 1,300 million litres of purified water into the city’s drying lakes per day, which the officials allege will help restore local groundwater levels. <keyword id="19927086" type="General" weightage="20" keywordseo="bwssb" source="keywords">BWSSB</keyword> has also announced plans to build an array of next-gen water treatment plants near restored lake beds to purify and deliver water wherever required. Addressing the harsh summers ahead, Karnataka government officials have expressed optimism that the completion of the Cauvery Five — a massive array of treatment plants that will treat sewage to produce 100 million litres of water a day — will help make up for any deficits by July. Meanwhile, many large corporations, including Microsoft, have begun utilising water-saving tap aerators to control water flow in the Bagmane Business Park offices. The city’s water board, the BWSSB, has also launched four mobile apps to help tackle the city’s water crisis. Attempting to bridge a gap between the water department and the citizens it serves, these apps will help residents book water online, apply for borewell permissions, report water misuse and more. At 24% of its total capacity, reservoirs across Karnataka are also drying up. Despite growing shortages, the state government has assured that the Cauvery River reservoir that supplies water to Bengaluru holds sufficient water levels to last at least until June. After that, the pre-monsoon and monsoon rains are expected to replenish the water resources. However, the supply remains much lower compared to the demand, and the only way to survive this summer could be to adopt drastic water-saving measures and a few good spells of pre-monsoon showers.

Water crisis affects businesses across Bengaluru; Is there room for cautious optimism?

<ul><li>IMD forecasts a searing summer with “above normal” temperatures in most of northeast, eastern, central India and parts of northwest India.</li><li>Japanese electronics brand Panasonic expects a good summer with double digit growth.</li><li> JM Financial is of the view that demand for ACs will pick up this March and dealers are stocking up inventory.</li></ul>The summer of 2023 got off to an early start, and even with gusts of hail and wind, unpredictable and unseasonal weather is bringing cheer to makers of air conditioners. “We believe summer-23 is likely to be a healthy season for <keyword id="7743494" type="General" weightage="20" keywordseo="ac-manufacturers" source="Orion">AC manufacturers</keyword>, given soaring temperature and higher probability of occurrence of heat waves across cities and normalisation of commercial activities,” said a report by JM Financial. The report suggests that AC demand will pick up this March, and dealers have already started stocking up inventory in anticipation of good sales. Analysts at JM Financial believe that this year is widely expected to be a little hotter than the previous two years globally “mainly because of the expected end of the strongest ever La Niña event”. The India Meteorological Department (IMD) too forecasts a searing summer with “above normal” temperatures in most of northeast, eastern, central India and parts of northwest India. In fact in March, several parts of the country have been impacted with <a href="https://www.businessinsider.in/india/news/erratic-rains-thunderstorms-more-in-march-impacts-lives-and-livelihoods/slidelist/98807776.cms">erratic environmental changes </a>including early monsoon, hailstorms and strong winds. This was right after an unusually hot February. Besides, it also expects heat waves during March-May in most parts of India, except for the northeastern states, Jammu and Kashmir, Uttarakhand, Himachal Pradesh, Kerala and coastal Karnataka. Hot summer to bring hot sales for AC manufacturers Japanese electronics brand Panasonic also expects a good summer with double digit growth. “At Panasonic, we are expecting healthy growth for our summer products such as ACs, refrigerators, etc., to name a few. Last year for our cooling products like ACs and refrigerators, we registered around 35% (for April 2022 till February 2023 as compared to the same period in 2021). this year we are hoping for continued growth momentum registering double-digit growth,” said Fumiyasu Fujimori, MD, Panasonic Marketing India, Panasonic Life Solutions India. High demand from Mumbai &amp; Bengaluru Analysts say that demand has already picked up in anticipation of a hot summer. The report stated that demand in all major cities like Delhi, Chennai, Hyderabad and Kolkata witnessed moderation currently, whereas Mumbai, Bengaluru and certain pockets in Ahmedabad are witnessing pickup in demand given the early onset of summer. The brokerage firm has stated that Voltas remains their top pick, followed by <keyword id="152126" type="General" weightage="20" keywordseo="blue-star" source="Orion">Blue Star</keyword> and Amber Enterprises. Analysts feel that rising disposable income, improving standard of living and willingness to spend on comfort is the reason why demand for such white appliances is increasing. “With the increase in disposable income, rapid urbanization, improving standard of living, and easy financing options, consumers are willing to spend on appliances that are energy-efficient, smart, connected, and provide comfort and convenience that enhances their lifestyles,” said JM Financial. The Consumer Electronics and Appliances Manufacturers Association is expecting sales in the summer periods of March to May this year to be anywhere between 15% to 20% higher than last year, according to a report by <a href="https://www.cnbctv18.com/business/consumer-durable-makers-gear-up-make-hay-while-sun-shines-expect-20-percent-growth-in-sales-16226681.htm">CNBCTV18</a>. Channel check with dealers by JM Financial shows that demand for Voltas and other brands like Lloyd, Hitachi and Panasonic is better than previous years. They say that currently, demand for products of Voltas remains high, especially in lower tier cities because of higher brand awareness. However, with increased product offering by other brands, dealers anticipate pickup in demand from other brands as well. Analysts say Blue Star continues to be a preferred brand in Southern markets, while their presence in the North is also increasing. Other players such as Lloyd and LG continue to be preferred brands of choice for customers in South India whereas Daikin, Hitachi, LG and Panasonic are prominent in West India, says the report. Listed AC manufacturers <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">AC manufacturers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">% change YTD </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Blue Star </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">21.53% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Voltas </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">3.94% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amber Enterprises India </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-0.73% </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Johnson Controls Hitachi Air Condition </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-1.21% </td></tr></tbody><tbody></tbody><tbody></tbody></table> Room for growth Besides, the Indian summer has broken multiple heat records over the past decade and created a strong demand for air conditioning in Indian homes and offices, says Statista, a data platform. “Increasing demand for home appliances , along with a fairly low penetration rate, has left the Indian <keyword id="6365348" type="General" weightage="20" keywordseo="air-conditioner" source="Orion">air conditioner</keyword> market with plenty of room to grow and is estimated to reach 9.7 million units in the financial year 2023,” said Statista. Adding to the celebration, since October 2020, the Indian government has banned imports of ready-to-install air conditioners, providing a boost to manufacturers in India. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/news/digitalisation-credit-growth-government-policies-to-drive-msme-growth-say-experts/articleshow/98962354.cms">Digitalisation, credit growth, government policies to drive MSME growth, say experts</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/first-82-days-of-2023-see-more-layoffs-than-the-entire-2022/slidelist/98960848.cms">First 82 days of 2023 see more layoffs than the entire 2022</a>

AC manufacturers expect strong growth this summer led by unseasonal weather

<ul><li><keyword id="6358070" type="General" weightage="20" keywordseo="mumbai" source="Orion">Mumbai</keyword>'s ranking significantly improved from 38th in Q1 2022 to sixth in Q1 2023 for high-end properties. </li><li>Bengaluru and New Delhi also saw an upward shift in their rankings, reaching 16th and 22nd positions respectively. </li><li>Despite the Federal Reserve and other central banks approaching peak interest rates, it is expected that even prime housing markets will continue to face downward pressure. </li></ul>Three major cities in India, Mumbai, Bengaluru, and New Delhi, witnessed a growth in average annual prices of prime residential properties during Q1 2023. The growth pushed the ranking of these Indian metros in Knight Frank India's 'Prime Global Cities Index Q1 2023'. Mumbai's ranking significantly improved from 38th in Q1 2022 to sixth in Q1 2023 for high-end properties. Bengaluru and New Delhi also saw an upward shift in their rankings, reaching 16th and 22nd positions respectively, compared to their previous ranks of 37th and 39th, as per the report. “The Indian economy stood out with steady performance despite concerns around global growth and inflation that marked most of 2022. However, the Indian real estate markets displayed continued momentum in demand, amid concerns of an inflationary environment, and weathered a steep rise in home loan rates over the past 12 months,” said Shishir Baijal, chairman and managing director at Knight Frank India. In terms of year-on-year increase, Mumbai experienced a 5.5% rise in average prices, Bengaluru saw a 3% increase, and New Delhi recorded a 1.2% increase, all compared to Q1 2022. Globally, Dubai secured the top position with a substantial 44.2% surge in the value of prime residential properties. Mumbai's sharp rise in the international index can be attributed primarily to the increased demand in the city. While the demand has been robust across all segments, there has been a notable surge in the sale of prime residential properties. “Particularly, we have seen demand for prime residential property being maintained largely due to three factors, firstly these sets of consumers are less dependent on mortgage support; secondly, the continuous growth in economy has led to an increase and stability in income and lastly the prolonged trend of buying larger homes,” said Baijal. What’s the index about? The Prime Global Cities Index is an index that monitors and tracks the changes in prime residential prices in 46 cities worldwide. It uses valuation-based methods and records the nominal prices in the local currency of each city. The index experienced a decline of 0.4% in the 12-month period ending in March of this year, which is the first decrease since 2009. This is a significant turnaround from the peak growth of 10.1% observed in the fourth quarter of 2021. Dubai witnessed the most rapid increase in prime prices, with a year-on-year growth of 44.2% between Q1 2022 and Q1 2023. Despite the Federal Reserve and other central banks approaching peak interest rates, it is expected that even prime housing markets will continue to face downward pressure on prices in the coming quarters. “That said, it is unlikely we will see a correction similar in scale to that seen during the Global Financial Crisis, when the overall PGCI index fell 8.2% from peak to trough in 2009,” says the report. Early indications suggest that some markets have shown signs of improvement, as 46% of markets experienced quarterly price declines in the second half of 2022, which decreased to 28% in the first quarter of this year, the lowest number since Q1 2021.

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