New method to predict solar storms developed

Agencies
December 9, 2018

Kolkata, Dec 9: A team of scientists have found a way to predict the Sun's activity over the coming decades, which could help better prepare against solar storms that may cripple satellite communications and Earth's electric power grids.

In a study published in the journal Nature Communications, the team also showed that there is little possibility of a Sun-induced climate cooling in the coming year.

Researchers from Indian Institute of Science Education and Research (IISER) Kolkata and Inter-University Centre for Astronomy and Astrophysics (IUCAA) Pune put forward a prediction for the upcoming sunspot cycle which reveals the expected conditions in space over the next decade. 

"This research has direct relevance for protection of India's space-based technological assets and the global climate," said Sourav Pal, Director of IISER Kolkata.

Using a novel technique devised by Professor Dibyendu Nandi from IISER Kolkata and his PhD student Prantika Bhowmik, the team predicts that the next sunspot cycle will start about a year after the end of the current cycle and peak in 2024.

They also predict that space environmental conditions over the next decade would be similar or slightly harsher compared to the last decade. 

"The space weather is governed by a constant stream of charged particles -- electrons and protons -- flowing out from the Sun and permeating the solar system," said Nandi, who is also a research associate at IUCAA.

Occasionally, the Sun releases spurts of charged winds that travel towards the Earth at astonishing speeds, he said.

These result in space storms that can cripple satellites, trip electric power grids and lead to large-scale telecommunication breakdowns.

"It has been known for some time that the cycle of sunspots control all these aspects of solar activity and determines its influence on our space environment and climate," said Bhowmik. 

Astrophysicists have been attempting for decades to devise methods to predict the future occurrence of sunspots.

Sunspots can measure up to ten times the size of Earth, with magnetic fields ten thousand times stronger.

These spots have been observed through telescopes since the times of Galileo. 

According to the researchers, the current sunspot cycle dubbed as solar cycle 24 is just ending and it has been one of the weakest cycles in a century.

In fact, over the last several decades, successive sunspot cycles have significantly weakened in strength.

This association has led to scientists to speculate a significantly weak sunspot cycle 25 or an impending disappearance of sunspots for many decades would alleviate global warming and bring down the Earth's temperature.

The research, which was supported by the Indian Ministry of Human Resource Development as well as NASA, found no evidence of an impending disappearance of sunspot cycles.

The team concluded that speculations of an imminent Sun induced cooling of global climate is very unlikely.

"The behaviour of the magnetic field, and the particles emitted from the Sun has a profound effect on the Earth's climate and living conditions of the Earth's inhabitants, as well as various other activities that involve long-range communication and satellite technology," said Somak Raychaudhury, Director of IUCAA.

"Bhowmik and Nandy's models show considerable predictive power, and it looks like we will now be able to predict the fluctuations of solar activity much more reliably," he said.

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Agencies
July 11,2020

Citing the current dismal aviation scenario, Air India is terminating the services of trainee cabin crew and cabin crew by withdrawing the offer of employment of those who were under training.

As per sources, the new crew and trainee pilots might reduce contracts from five years to one year. Sources said Air India is terminating 1,200 crew and employees who are more than 55-yr-old including 190 trainee pilots.

In a letter reviewed by IANS, Air India has informed an applicant who had been selected as cabin crew in August 2019 subject to successful completion of training.

"On behalf of Air India we would like to thank you for the interest shown by you in joining our organization. However, in view of the current aviation scenario, it would not be possible for Air India to impart any further training to you for engaging your services," the company said.

"In view of the above reasons, which are beyond the control of the company, it has been decided to discontinue your training arrangements and dispense with the offer of engagement with immediate effect. The bank guarantee furnished by you at the time of joining is returned herewith," Air India told the cabin crew.

"Once again on behalf of Air India we thank you for your cooperation and trust that you will appreciate the circumstances under which we are constrained to discontinue the training arrangements," the carrier said.

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
July 19,2020

New Delhi, Jul 19: Indian equities will be driven by a host of factors like corporate earnings, coronavirus cases trend and geo-political developments this week, according to analysts.

Market participants will also keenly watch the progress of monsoon, with experts saying that the farm sector revival will play a key role in lifting the coronavirus-hit economy.

"With no major event, the ongoing earnings season and global cues will continue to dictate the market trend. Besides, the progress of monsoon will also be closely watched," Ajit Mishra, VP - Research, Religare Broking, said.

Globally, the rising coronavirus infections and geo-political tensions have created uncertainty on the economic recovery front.

With India's COVID-19 cases fast approaching the 11 lakh mark, the third-highest behind the US and Brazil, and the death toll nearing 27,000, participants are expected to tread cautiously going forward.

At global level, confirmed COVID-19 cases have crossed 1.4 crore and deaths totalled about 6 lakh.

Markets globally will closely follow developments on the trade and political level between the US and China, according to analysts.

"We would continue witnessing stock-specific action as the earnings season unfold. Though the near-term momentum looks positive, we would advise traders to be cautious, given flaring US-China trade relations, persistent rise in virus cases and implementation of fresh lockdowns in parts of the country," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

HDFC Bank will remain in focus on Monday after having announced its June quarter earnings on Saturday.

The lender reported 19.6 per cent rise in its standalone net profit at Rs 6,658.62 crore for April-June 2020; while its income rose to Rs 34,453.28 crore during the quarter.

Other major companies to announce their quarterly results this week are Axis Bank, Bajaj Finance, Hindustan Unilever Limited, Bajaj Auto and ITC.

"Going ahead market participants will closely track the development related to covid vaccine, the rising infection of coronavirus, development on economic activities, corporate earnings and US-China relationship," said Sumeet Bagadia, Executive Director, Choice Broking.

On weekly basis, the Sensex gathered 425.81 points or 1.16 per cent, and the Nifty gained 133.65 points or 1.24 per cent.

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