The Northern Herald

  • Radisson Blu hosts Cake Mixing Ceremony 2019

    Nov 20, 2019

    Jammu, November 20: For the festive spirit of the season, The Radisson Blu Hotel, Jammu, is planning specialised blended cake for its customers. In this regard, a cake mixing ceremony was held in the hotel premises, on Wednesday.

  • Sensex rallies over 300 pts to hit record peak; RIL jumps 4 pc

    Nov 20, 2019

    Mumbai, Nov 20: Equity benchmark BSE Sensex rallied over 300 points to hit its lifetime high on Wednesday, enthused by gains in Reliance Industries which also scaled a fresh peak in the morning session. After hitting a high of 40,816.38, the 30-share index was trading 321.20 points or 0.79 percent, higher at 40,790.90. Similarly, the broader Nifty reclaimed the 12,000 marks. It was quoting at 87.25 points, or 0.73 percent, up at 12,027.35.

  • Aston Martin Unveils DBX: An SUV with the Soul of a Sports Car

    Nov 20, 2019

    BEIJING, Nov 20: A bold new chapter and a landmark moment in Aston Martin's illustrious 106-year history, Aston Martin has today unveiled its first SUV and a model that will propel the brand to new heights worldwide. That model, is DBX.

  • Bihar has untapped export potential of USD 900 million: Exim Bank study

    Nov 19, 2019

    Patna, Nov 19: A study by the Export-Import Bank of India has said that there is an untapped export potential of nearly USD 900 million from Bihar and if it is realized, the shipment from the state could exceed USD 2 billion in the short term. The report also said that the merchandise exports from the eastern state in 2017-18 were valued at USD 1.35 billion which was a "remarkable improvement" over the USD 0.

  • Rupee slips 16 paise, touches 72/USD level in early trade

    Nov 19, 2019

    Mumbai, Nov 19: The Indian rupee opened on a cautious note and fell 16 paise to 72 per US dollar in early trade on Tuesday amid rising demand for the US dollar vis-a-vis other currencies overseas and unabated foreign fund outflows. Forex traders said trading in emerging market currencies were subdued tracking cautious opening in domestic equities. At the interbank foreign exchange, the rupee opened at 71.

  • Sensex starts over 170 pts higher; Nifty tests 11,900

    Nov 19, 2019

    Mumbai, Nov 19: Equity benchmark BSE Sensex opened over 170 points higher on Tuesday tracking gains in index-heavyweights RIL, Bharti Airtel, HDFC Bank, Axis Bank and Infosys. After hitting a high of 40,455.36 in the early session, the 30-share index pared some gains to trade 58.59 points, or 0.15 percent, higher at 40,342.78, while the broader NSE Nifty advanced 14 points, or 0.12 percent, to 11,898.50.

  • Innovative term product from ICICI Prudential Life offers life cover to individuals with health conditions

    Nov 18, 2019

    Jammu, November 18: ICICI Prudential Life Insurance haslaunched ICICI Pru Precious Life, the industry’s first term plan specifically designed forcustomerswho find it difficult to get access to life cover due to existing health conditions. Term insurance plans provide protection against the loss of income by the family due to the demise of the earning member. Individuals who have existing health conditions e.g.

  • Rupee rises 19 paise to 71.59 against USD in early trade

    Nov 18, 2019

    Mumbai, Nov 18: The Indian rupee appreciated by 19 paise to 71.59 against the US dollar in early trade on Monday tracking gains in the domestic equity market and weakening of the American currency vis-a-vis other currencies overseas. Forex traders said market participants were enthused after the US and China negotiators held a 'constructive' call on a trade deal. At the interbank foreign exchange, the rupee opened at 71.

  • Sensex rises over 100 pts on firm global cues; Nifty above 11,900

    Nov 18, 2019

    Mumbai, Nov 18: Equity benchmark BSE Sensex jumped over 100 points in early trade on Monday led by gains in index heavyweights RIL and ICICI Bank amid positive cues from global markets. After hitting a high of 40,542.40, the 30-share index pared some gains to trade 72.26 points, or 0.18 percent, higher at 40,428.95, while the broader NSE Nifty rose 17.80 points, or 0.15 percent, to 11,913.25.

  • Rupee rises 18 paise to 71.78 vs USD in early trade

    Nov 15, 2019

    Mumbai, Nov 15: The Indian rupee appreciated by 18 paise to 71.78 against the US dollar in early trade on Friday as gains in the domestic equity market and weakening of the American currency vis-a-vis other currencies overseas strengthened investor sentiments. At the interbank foreign exchange, the rupee opened at 71.80 then gained further ground and touched a high of 71.78, registering a rise of 18 paise over its previous close.

  • 12th India Art Fair to feature exhibits by 75 Indian, international galleries

    Nov 14, 2019

    New Delhi, Nov 14: India Art Fair (IAF), starting from January 30 to February 2 next year, will continue its celebration of the thriving modern-day art scene across South Asia. To be held at the NSIC Grounds in Okhla, the festival, now in its 12th edition, will feature over 75 exhibitors from 20 global and 11 Indian cities showcasing cutting-edge contemporary visual art alongside modern masters, as well as vernacular artistic traditions.

  • Tata Motors announces 'India Ki Doosri Diwali' campaign

    Nov 14, 2019

    Jammu, November 14: Extending the festive cheer, Tata Motors announced the launch of its new ‘India ki Doosri Diwali’ campaign, to celebrate the success of its SCV range. Under this offer, for every Tata Motors SCV and Pickup (PU) vehicle bought during the month, the buyer will receive an assured gift through a scratch card system.

  • 4 govt-run kiosks in Bhopal to sell onion at Rs 50/kg

    Nov 14, 2019

    Bhopal, Nov 14: In view of the skyrocketing onion prices, the Bhopal district administration has set up four kiosks here to sell the key kitchen staple at a subsidised rate of Rs 50 per kilogram from Thursday, an official said. The retail price of onion has gone up to Rs 80 per kg in the Madhya Pradesh capital and many other places.

  • Market turns jittery on weak macro data, global cues

    Nov 14, 2019

    Mumbai, Nov 14: Equity benchmarks Sensex and Nifty started on a volatile note on Thursday as weak domestic macroeconomic data and negative cues from global markets kept investors on edge. After opening on a positive note, the 30-share index turned choppy to trade 54.61 points, or 0.14 percent, lower at 40,061.45. Similarly, the broader NSE Nifty slipped 33.20 points, or 0.28 percent, to 11,807.25.

  • Rupee depreciates 15 paise against US dollar

    Nov 14, 2019

    Mumbai, Nov 14: The Indian rupee depreciated 15 paise in early trade on Thursday tracking weak macroeconomic data, rising crude prices and negative cues from global markets. At the interbank foreign exchange, the rupee opened marginally higher at 72.05 against the US dollar, before turning negative and dropping 15 paise to 72.24 against its previous close. On Wednesday, the local unit crashed 62 paise to hit an over two-month low of 72.

  • President, CCI meets Lt. Governor

    Nov 13, 2019

    JAMMU, Nov 13: Rakesh Gupta, President, Chamber of Commerce and Industry, met Lt. Governor Girish Chandra Murmu, at the Raj Bhavan here today. Gupta apprised Lt. Governor about various pressing issues of the Industry and Commerce sector in J&K and shared his views regarding making industry a robust partner in the economic development of the Union Territory.

  • Retail inflation jumps to 16 month high of 4.62 pc in Oct

    Nov 13, 2019

    New Delhi, Nov 13: Retail price based consumer inflation spiked to 16-month high of 4.62 per cent in October on costlier food items, reducing the headroom for a rate cut by the RBI in its monetary policy due next month. The inflation based on Consumer Price Index (CPI) was 3.99 per cent in September and 3.38 per cent in October 2018. The earlier high was reported in June 2018 when the retail inflation print was recorded at 4.92 per cent.

  • Rupee depreciates 30 paise against US dollar

    Nov 13, 2019

    Mumbai, Nov 13: The Indian rupee depreciated 30 paise to 71.77 against the US dollar in early trade on Wednesday amid rising concerns over the US-China trade deal and political unrest in Hong Kong. At the interbank foreign exchange, the rupee opened at 71.75 against the US dollar, then further slipped to 71.77, showing a decline of 30 paise over its previous closing. On Monday, the local unit had closed at 71.47 against the US dollar.

  • Boeing says 737 MAX expected to resume flying in January

    Nov 12, 2019

    New York, Nov 12: Boeing on Monday said it expects the 737 MAX airplane, which was grounded after two crashes killed 346 people, to resume flying in January, delaying its return by one month. In a statement, the group said it still hopes to receive certification next month from the Federal Aviation Administration (FAA), allowing it to resume MAX deliveries to airline customers before the end of the year.

  • Gold rises Rs 118 on global cues, rupee depreciation

    Nov 11, 2019

    New Delhi, Nov 11: Gold prices on Monday rallied by Rs 118 to Rs 38,678 per 10 gram in the national capital helped by a recovery in global prices and sharp rupee depreciation against the dollar, according to HDFC Securities. On Saturday, the precious metal had closed at Rs 38,560 per 10 gram.

  • Market starts on a cautious note amid weak global cues

    Nov 11, 2019

    Mumbai, Nov 11: Market benchmarks Sensex and Nifty started on a tepid note on Monday weighed down by a sharp fall in other Asian equities amid uncertainty over US-China trade deal and escalating political issues in Hong Kong. After opening over 100 points lower, the 30-share index pared some losses to trade 4.57 points, or 0.01 percent, lower at 40,319.04. Similarly, the broader NSE Nifty slipped 7.75 points, or 0.06 percent, to 11,900.40.

  • Reliance employees give new life to waste plastic bottles

    Nov 08, 2019

    Mumbai, November 08: In a one of its kind collection drive, Reliance Foundation, the philanthropic arm of Reliance Industries Limited (RIL), announced on Friday that through its Recycle4Life campaign, volunteers have collected over 78 tons of waste plastic bottles for recycling.

  • SBI steeply slashes deposit rates; lowers lending rates marginally

    Nov 08, 2019

    Mumbai, Nov 8: Country's largest lender State Bank of India on Friday reduced its marginal cost of fund-based lending rate (MCLR) by 5 basis points across all tenors, effective November 10, and sharply slashed the deposits pricing between 15 and 75 basis points. This is the seventh consecutive cut in lending rates by the bank this fiscal.

  • Rupee slips 30 paise to 71.27 against USD as Moody's cuts India rating outlook to negative

    Nov 08, 2019

    Mumbai, Nov 8: The Indian rupee opened on a cautious note and fell 30 paise to 71.27 against the US dollar in early trade on Friday after Moody's changed its India rating outlook to negative citing lower economic growth. Moody's Investors Service has changed the outlook on India's ratings to 'negative' from 'stable', saying there was increasing risks that economic growth will remain materially lower than the past.

  • UAE can play vital role in Modi's vision of USD 5 trn economy, says official

    Nov 07, 2019

    Dharamshala (HP), Nov 7: The United Arab Emirates (UAE) can play a vital role in achieving Prime Minister Narendra Modi's vision of making India a USD 5 trillion economy by 2025, UAE Ambassador to India Ahmed Albanna said. Participating in the inaugural session of Himachal Rising Global Investors' Meet at Dharamshala on Thursday, Albanna said, "The UAE is the third-largest business partner of India after the USA and China.

  • India, US optimistic about inking trade deal before year-end: senior Indian diplomat

    Nov 07, 2019

    New York, Nov 7: India and the US are "quite optimistic" that they will ink a trade deal before the end of this year, a senior Indian diplomat has said. Manoj Kumar Mohapatra, Minister (Commerce) in the Embassy of India in Washington, said here on Wednesday that Commerce and Industry Minister Piyush Goyal will visit the US next week during which he will hold discussions over the trade deal.

  • Rupee slips 14 paise to 71.11 against USD in early trade

    Nov 07, 2019

    Mumbai, Nov 7: The rupee opened on a weak note and declined by 14 paise to 71.11 against the US dollar in opening trade on Thursday after reports that the US-China trade deal signing could be delayed to December weighed on investor community. Forex traders said, the decline in the domestic unit was largely in tandem with other Asian currencies after reports of a delay in the US-China trade deal.

  • Sensex rallies 200 points to hit fresh high; Nifty above 12,000

    Nov 07, 2019

    Mumbai, Nov 7: Market benchmark BSE Sensex jumped over 200 points to hit its lifetime high of 40,676 in early session on Thursday led by gains in index heavyweights HDFC, ITC and RIL, as positive domestic cues boosted investor sentiment. The 30-share index was trading 202.93 points or 0.50 percent, higher at 40,672.71. Similarly, the broader NSE Nifty rose 50.20 points, or 0.42 percent, to 12,016.25.

  • Gold drops Rs 301, silver too tumbles Rs 906

    Nov 06, 2019

    New Delhi, Nov 6: Gold dropped Rs 301 to Rs 38,870 per 10 gram in the national capital on Wednesday due to subdued global trend, according to HDFC Securities. Silver prices also witnessed correction tumbling Rs 906 to Rs 46,509 per kg from Rs 47,415 per kg in the previous trade. On Tuesday, gold had closed at Rs 39,171 per 10 gram.

  • Coal Ministry not in favour of overseas acquisitions by ClL: Joshi

    Nov 06, 2019

    Kolkata, Nov 6: Coal minister Pralhad Joshi on Wednesday said his ministry was not in favour of overseas coal asset "acquisition" by Coal India Limited (CIL). The minister said last year India imported 235 million tonnes of coal and the forex outflow was Rs 2.71 lakh crore.

  • Rupee slips 15 paise to 70.84 against USD in early trade

    Nov 06, 2019

    Mumbai, Nov 6: The Indian rupee opened on a cautious note and fell 15 paise to 70.84 against the US dollar in early trade on Wednesday tracking subdued opening in domestic equities. However, weakening of the US dollar vis-a-vis other currencies overseas and easing crude oil prices supported the domestic unit and restricted the fall. At the interbank foreign exchange, the rupee opened at 70.80 then lost momentum and fell to 70.

  • Vijay Kumar Sharma Joins Optoma India as Country Head

    Nov 05, 2019

    NEW DELHI, Nov. 5: Optoma Corporation Headquarter today announced the appointment of Vijay Kumar Sharma as it's country head for its operation in India, effective immediately. Vijay joins Optoma India from BenQ Corporation where he was National Business Manager (Projectors & LFD Business) for the 2015-2019 seasons. Moreover, he was the best Performing Business Head during his tenure at BenQ.

  • Rupee ascends to 5-week high on stocks rally, trade optimism

    Nov 04, 2019

    Mumbai, November 04: The rupee appreciated by 4 paise to close at a five-week high against the US dollar on Monday driven by sustained foreign fund inflows and hopes of a partial trade deal between the US and China. Stock markets rising for a seventh straight day also boosted the sentiment. At the interbank foreign exchange market, the rupee opened strong at 70.55 against the previous close of 70.81 to the US dollar.

  • No prima facie evidence to corroborate whistleblowers' allegations: Infosys

    Nov 04, 2019

    New Delhi, Nov 4: Infosys on Monday said it is yet to receive any evidence to corroborate complaints by anonymous whistleblowers that alleged unethical practices by the company's top management. "With respect to the anonymous complaints, there is no prima facie evidence that the company has received until a date to corroborate any of the allegations made," Infosys told the National Stock Exchange.

  • Gold prices gain Rs 78; silver moves up by Rs 245

    Nov 04, 2019

    New Delhi, Nov 4: Prices of gold rose by Rs 78 to Rs 39,263 per 10 gram in the national capital on Monday due to wedding season demand, according to HDFC Securities. "Spot gold prices for 24 karat in Delhi were trading up by Rs 78 with start of the Indian wedding season demand," said HDFC Securities Senior Analyst (Commodities) Tapan Patel. On Saturday, the precious metal had closed at Rs 39,185 per 10 gram.

  • What steps taken to help PMC Bank depositors, HC asks RBI

    Nov 04, 2019

    Mumbai, Nov 4: The Bombay High Court on Monday sought to know from the Reserve Bank of India what steps it has taken to protect the interests of depositors of the crisis-hit Punjab and Maharashtra Cooperative (PMC) Bank. A division bench of Justices S C Dharmadhikari and R I Chagla was hearing a bunch of petitions filed by the bank depositors, challenging restrictions imposed by the RBI on withdrawals.

  • GPX India Private Limited Announces Expanded Cloud Offerings With Oracle FastConnect

    Nov 04, 2019

    MUMBAI, Nov. 4: GPX India Pvt Ltd, a leading provider of premium True Carrier-neutral data centers and Silver level member of Oracle PartnerNetwork (OPN), today announced it will offer dedicated and private access to Oracle Cloud through Oracle Cloud Infrastructure FastConnect. Customers located in GPX's Mumbai Data Center can now establish a high speed, dedicated connection to Oracle Cloud.

  • Germany to invest 1 billion euros for green urban mobility in India

    Nov 02, 2019

    New Delhi, Nov 2: German Chancellor Angela Merkel on Saturday pledged to invest 1 billion euros over the next five years on environmentally-friendly urban mobility in India. Merkel, whose visit to the country coincided with one of the worst spells of air pollution in Delhi/NCR, also emphasized on the need to replace diesel-run public transport with electric vehicles.

  • Fosun buys Thomas Cook brand for 11 million pounds

    Nov 02, 2019

    Beijing, Nov 2: Chinese conglomerate Fosun has snapped up the Thomas Cook brand for 11 million pounds (USD 14.2 million), weeks after the renowned British travel group went bust and left hundreds of thousands of holidaymakers stranded abroad. Thomas Cook's demise in September sparked 22,000 job losses worldwide and triggered Britain's biggest repatriation since World War II, with the government paying to fly home 140,000 tourists.

  • Sensex perches near lifetime high; posts weekly gain

    Nov 01, 2019

    Mumbai, Nov 1: The BSE benchmark Sensex notched up gains for the sixth straight session on Friday as risk sentiment remained skewed towards equities even amid lackluster macroeconomic data. After a see-saw session, the 30-share index settled 35.98 points or 0.09 percent, higher at 40,165.03. The index is about 100 points shy of its all-time closing high of 40,267.62, hit on June 3 this year. The broader NSE Nifty advanced 13.

  • China rolls out 5G telecom services

    Nov 01, 2019

    Beijing, Nov 1: China's three major state-run telecom operators have unveiled their 5G network, as the country aims at becoming the global leader in next-generation telecom technology surpassing the US and other western nations. The US, the UK and South Korea have already rolled out their 5G networks this year, according to a BBC report.

  • Diluting govt stake below 50pc in PSBs no solution: Unions

    Nov 01, 2019

    Kolkata, Nov 1: Associations of employees and officers of public sector banks (PSBs) have expressed disagreement with Nobel laureate Abhijit Banerjee's view that the government should privatize PSBs to tackle the crisis in the sector, asserting that diluting the Centre's stake in PSBs is "no solution".

  • Rupee falls 6 paise against dollar on weak macro data

    Nov 01, 2019

    Mumbai, Nov 01: The rupee depreciated by 6 paise to 70.98 against the US dollar in early trade on Friday as the weak macro environment and rising crude prices kept investors edgy. However, a weak dollar against major currencies overseas, persistent foreign fund inflows and a positive opening in the domestic equity market extended support to the rupee, forex dealers said.

  • Motorola launches the all-new moto g8 plus with best-in-class camera experience

    Oct 30, 2019

    Jammu, October 30: Motorola’s moto g family has always delivered premium features for consumers who don’t want to compromise on quality, style or experience. Continuing with its legacy, the all-new moto g8 plus - a phone which is built for more, gives consumers the best-in-class camera experience, an impressive battery, immersive sound and display, plus a stock Android Experience at a remarkable price of INR 13,999.

  • Rupee slips 11 paise against dollar in early trade

    Oct 30, 2019

    Mumbai, Oct 30: The rupee depreciated by 11 paise to 70.95 against the US dollar in morning trade on Wednesday, as investors were cautious ahead of the US Federal Reserve's interest rate decision. Besides, a strengthening greenback against other overseas currencies also kept investors on the edge, forex dealers said.

  • Asian markets tick lower as focus turns to Fed meeting

    Oct 30, 2019

    Hong Kong, Oct 30: Asian markets slipped Wednesday as traders play a wait-and-see game ahead of the Federal Reserve's latest policy decision, with expectations for another interest rate cut but focus also on its plans for the future. Expectations for another drop in borrowing costs, along with optimism over the China-US trade talks and healthy corporate reports have provided much-needed support to equities of late after a volatile year.

  • Wazir appointed Chairman PHD Chamber of Commerce and Industry for Jammu

    Oct 29, 2019

    New Delhi, Oct. 29, 19: PHD Chamber of Commerce & Industry, a 115 year old organization, with more than 1, 30,000 direct and indirect members all over India formally appointed Rakesh Wazir President Hotel & Restaurant Association, Katra & Member Tourism Advisory Board J&K government as its Chairman for Jammu region by its national president D.K.Aggarwal in a simple but impressive function held at New Delhi today.

  • Sensex rallies over 600 pts; Nifty tests 11,800

    Oct 29, 2019

    Mumbai, Oct 29: Equity benchmark BSE Sensex rallied over 600 points in afternoon trade on Tuesday led by gains in index heavyweights Reliance Industries, TCS, ICICI Bank and Tata Motors tracking strong quarterly earnings. After hitting a high of 39,894.18, the 30-share index was trading 639.33 points, or 1.63 per cent, higher at 39,889.53 in mid-session, and the broader NSE Nifty advanced 175.85 points, or 1.51 per cent, to 11,803.65.

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