The Northern Herald

  • RBI retains inflation projection for FY23 at 6.7 pc

    Sep 30, 2022

    Mumbai, Sep 30 (PTI) The Reserve Bank on Friday retained its inflation projection for current fiscal year at 6.7 per cent amid global geopolitical developments triggered by Russia-Ukraine war. RBI Governor Shaktikanta Das said the impact of inflation globally is weighing heavily on the domestic market. For September quarter of 2022-23, RBI projected retail inflation at 7.1 per cent. For third quarter, inflation is estimated at 6.

  • Sensex extends losses into 4th session amid negative global cues; IT stocks stand out

    Sep 26, 2022

    Mumbai, Sep 26 (PTI) Equity benchmarks spiralled lower for the fourth session running on Monday, in tandem with a bearish trend overseas as hardening interest rates and prospects of a global recession darkened the outlook for riskier assets. The rupee plunged to a fresh lifetime low against the US dollar amid foreign fund outflows, which further dented investor sentiment. The 30-share BSE Sensex tanked 953.70 points or 1.

  • Rupee rises 36 paise to close at 79.17 against US dollar

    Sep 13, 2022

    Mumbai, Sep 13 (PTI) The rupee appreciated by 36 paise to close at 79.17 (provisional) against the US dollar on Tuesday, tracking the dollar's decline versus its major peers and foreign fund inflows. At the interbank forex market, the local unit opened at 79.30 against the greenback. It witnessed an intra-day high of 79.03 and a low of 79.33 during the session. It finally ended at 79.17, up 36 paise from its previous close of 79.53.

  • Cong to hold mass protest rally at Ramlila maidan against price rice, GST, unemployment

    Sep 03, 2022

    New Delhi, Sep 3 (PTI) The Congress will launch an all-out attack on the BJP government over price rise, unemployment and the GST hike on essential items with a big show of strength at Delhi's Ramlila maidan on Sunday. Former Congress president Rahul Gandhi and a host of party leaders would address the "Mehngai par halla bol" rally.

  • IMF provisionally agrees on USD 2.9 billion loan for crisis-hit Sri Lanka

    Sep 01, 2022

    Colombo, Sep 1 (PTI) Crisis-hit Sri Lanka has reached a preliminary agreement with the International Monetary Fund for a loan of about USD 2.9 billion, the international lender said on Thursday. Sri Lanka is going through its worst economic crisis since its independence in 1948 which was triggered by a severe paucity of foreign exchange reserves.

  • NDTV stock rises 5 pc; hits upper circuit limit on Adani group takeover bid

    Aug 24, 2022

    New Delhi, Aug 24 (PTI) NDTV's share price rose 5 per cent, hitting the upper circuit in opening trade on Wednesday, a day after the Adani group launched a hostile bid to take over the media house. The stock climbed 5 per cent to Rs 384.50 -- its upper circuit limit as well as 52-week high -- on the BSE after beginning the trade on a positive note. The company's market capitalisation climbed Rs 117.99 crore to Rs 2,478.92 crore on the BSE.

  • India has never been defensive about its stand on buying Russian oil: EAM Jaishankar

    Aug 17, 2022

    Bangkok, Aug 17 (PTI) The US and other nations in the world may not appreciate India buying Russian oil, but they have accepted it as New Delhi has not been defensive about its stand but made them realise the obligation the government has to its people amidst "unreasonably high" oil and gas prices, External Affairs Minister S Jaishankar has said.

  • Bill Gates hails Modi for prioritizing healthcare, digital transformation

    Aug 15, 2022

    New Delhi, Aug 15 (PTI) Microsoft co-founder and billionaire philanthropist Bill Gates on Monday congratulated Prime Minister Narendra Modi for prioritising healthcare and digital transformation while spearheading India's development. Gates remarks came on the occasion of India's 76th Independence Day. "I congratulate @narendramodi for prioritizing healthcare and digital transformation while spearheading India's development.

  • Vi is the Fastest 4G Network in India, as per Opensignal

    Aug 11, 2022

    Vi Customers Experience fastest Download Speeds in 10 Markets and Upload Speeds in 14 Markets in India · Launched new #BestIsGettingBetter campaign to reinforce Vi Network Engineers’ continuous efforts to improve customer experience Vi has consistently been rated as the best network provider by various global and Indian third party agencies over the past one year.

  • J-K Bank aims to achieve business of Rs 4 lakh cr in next 5 yrs: MD-CEO Baldev Prakash

    Aug 11, 2022

    Srinagar, Aug 11 (PTI) Jammu and Kashmir Bank has set a long-term goal of achieving Rs 4,00,000 crore business in the next five years with annual profit of Rs 4,000 crore, a top company official has said. J&K Bank MD & CEO Baldev Prakash said the long-term objectives are backed by well thought out strategies and monitorable execution plans that would be periodically reviewed to ensure achievement of all interim milestones.

  • Pelosi: China cannot stop US officials from visiting Taiwan

    Aug 05, 2022

    Tokyo, Aug 5 (AP) China will not isolate Taiwan by preventing US officials from travelling there, US House Speaker Nancy Pelosi said Friday in Tokyo, wrapping up her Asia tour highlighted by a visit to Taipei that infuriated China. The Chinese have tried to isolate Taiwan, Pelosi said, including most recently by preventing the self-governing island from joining the World Health Organisation.

  • CEO OYO India calls on Lt Governor

    Aug 02, 2022

    Srinagar, August 02: CEO OYO India, Sh Ankit Gupta today called on Lieutenant Governor Manoj Sinha at Raj Bhavan. He was accompanied by Sh Siddhartha Dasgupta, President, Corporate Affairs, OYO.

  • India's manufacturing activity touches 8-month high in July on new orders: Survey

    Aug 01, 2022

    New Delhi, Aug 1 (PTI) India's manufacturing sector activity hit the highest level in eight months in July, driven by a significant rise in business orders, a monthly survey said on Monday. The seasonally adjusted S&P Global India Manufacturing Purchasing Managers' Index rose from 53.9 in June to 56.4 in July, reflecting the strongest improvement in the health of the sector in eight months.

  • Delhi govt withdraws new excise policy

    Jul 30, 2022

    New Delhi, Jul 30 (PTI) The Delhi government has decided to withdraw the new Excise Policy for the time being and directed the sale of liquor through government-run vends, Deputy Chief Minister Manish Sisodia said on Saturday. Targeting the BJP, he alleged they were "running an illegal liquor business in Gujarat" and they wanted to do it now in Delhi also.

  • Coal Scam: Court convicts former Coal Secy H C Gupta, others

    Jul 29, 2022

    New Delhi, Jul 29 (PTI) A Delhi Court on Friday convicted former Coal Secretary H C Gupta and former joint-Secretary in the Ministry of Coal (MoC), K S Kropha, for criminal conspiracy, criminal breach of trust, cheating, and corruption in a coal scam case related to irregularities in allocation of a coal block in Maharashtra. Special Judge Arun Bhardwaj also convicted Grace Industries Ltd.

  • Over 1,000 Lufthansa flights cancelled as staff strikes

    Jul 27, 2022

    Berlin, Jul 27 (AP) More than 1,000 Lufthansa flights were cancelled on Wednesday because of a one-day strike by the airline's German ground staff, affecting tens of thousands of passengers in the latest travel turmoil to hit Europe. About 134,000 passengers had to change their travel plans or cancel them altogether. At least 47 connections had already been cancelled on Tuesday, German news agency dpa reported.

  • NIFD organizes One Day Free Workshop in Block Printing

    Jul 19, 2022

    NIFD, Shaping The Future Designers – an institute that offers professional training to the pupils. The institute provides a wide range of short and long certificate courses. From time to time the institute initiates interesting and engaging workshops. This time NIFD came up with a one-day free BLOCK PRINTING WORKSHOP. The event was held on the NIFD campus itself (Karan market).

  • BJP destroyed world's fastest growing economy: Rahul Gandhi

    Jul 18, 2022

    New Delhi, Jul 18 (PTI) Former Congress president Rahul Gandhi on Monday hit out at the ruling BJP at the Centre BJP over high taxes and unemployment, accusing it of destroying the world's fastest growing economy. He said this while sharing a graph on Twitter showing how commodities like curd, paneer, rice, wheat, barley, jaggery and honey are being taxed now. There was no tax on these items of mass consumption earlier.

  • Few states seek extension of GST compensation for 5 years: FM

    Jul 18, 2022

    New Delhi, Jul 18 (PTI) Finance minister Nirmala Sitharaman on Monday informed the Lok Sabha that a few states including Telangana have sought a five-year extension for the compensation paid to them for revenue shortfall due to GST implementation.

  • Rupee at life-time low to hit imports, overseas education, travel

    Jul 15, 2022

    New Delhi, Jul 15 (PTI) The Indian rupee nearing 80 to a US dollar will make imports of items from crude oil to electronic goods, overseas education and foreign travel costlier while raising fears that the inflation situation could worsen. The primary and immediate impact of a depreciating rupee is on the importers who will have to shell out more for the same quantity and price.

  • AJKPC Organizes One day Convention in Shopian

    Jul 13, 2022

    All Jammu and Kashmir Panchayat Conference the representative body of PRI members today held one day convention, here in block Zainapora of district Shopian in Kashmir. The convention has been organized by Kashmir Unit of the organization led by GH Reshi, Chairman Block Development Council Zainapora. and A.K Pandita BDC(Imamsahib) Anil Sharma, President of AJKPC presided the program as Chief Guest and gathering the gathering.

  • NABARD a vital driver for boosting rural/agro economy

    Jul 12, 2022

    SRINAGAR, JULY 12: J&K’s Agriculture Department and National Bank for Agriculture and Rural Development (NABARD) have jointly planned a development package of Rs 25,991 crore to improve agricultural inputs, farmers’ income through easy availability of credit besides technical up-gradation of Agriculture, horticulture and allied sectors. The comprehensive plan is in line with the vision of the Prime Minister to double the farmers’ income.

  • Vijay Mallya sentenced to four months in jail by SC in contempt case

    Jul 11, 2022

    New Delhi, Jul 11 (PTI) The Supreme Court on Monday awarded four-month sentence to fugitive businessman Vijay Mallya in a contempt case. Observing that it must impose adequate punishment upon the contemnor in order to maintain the majesty of law , a bench headed by Justice U U Lalit also imposed a fine of Rs 2,000 on Mallya. Mallya is accused in a bank loan default matter of over Rs 9,000 crore involving his defunct Kingfisher Airlines.

  • NGT directs illegal coke plants in Meghalaya to pay a fine of over Rs 4.75 crore

    Jul 09, 2022

    Shillong, Jul 9 (PTI) The National Green Tribunal (NGT) Eastern Zone Bench has directed 31 illegal coke plants in Meghalaya's East Jaintia Hills district to pay a fine of over Rs 4.75 as environment compensation and told the state government to frame an action plan against such plants established prior to 2021 within four months.

  • MoD approves 3 private sector banks to provide financial services in overseas procurement

    Jul 07, 2022

    New Delhi, Jul 7 (PTI) The defence ministry on Thursday allowed three private sector banks to provide financial services to it for overseas procurement of military hardware. The banks are HDFC Bank Ltd, ICICI Bank and Axis Bank. Till now, only authorised public sector banks were utilised to provide services like issuance of letter of credit and direct bank transfers to the ministry for overseas procurement.

  • Sensex, Nifty rebound over 1 pc as financials, FMCG shares gain

    Jul 06, 2022

    Mumbai, Jul 6 (PTI) Benchmark stock indices Sensex and Nifty jumped over 1 per cent on Wednesday amid foreign funds turning net buyers of domestic equities after a long gap and positive opening in European stock markets. The 30-share BSE benchmark index climbed 616.62 points or 1.16 per cent to settle at 53,750.97. During the day, it rallied 684.96 points or 1.28 per cent to 53,819.31. The NSE Nifty advanced 178.95 points or 1.

  • J-K receives 338 proposals in Bio-Tech sector under New Industrial Scheme

    Jul 04, 2022

    SRINAGAR, JULY 03: J&K Government has received 338 proposals associated with the biotech sector which is emerging as a priority sector after the launch of new Industrial Development Scheme. With new Biotech capabilities and innovation, Jammu and Kashmir, bestowed with more than 3,500 medicinal plant species, will be able to harness market advantages in the most effective way and help the farmers to generate more income.

  • Gold gains Rs 241 amid firm global trends

    Jul 04, 2022

    New Delhi, Jul 4 (PTI) Gold in the national capital on Monday rose by Rs 241 to Rs 52,048 per 10 grams amid firm global trends, according to HDFC Securities. In the previous trade, the yellow metal settled at Rs 51,807 per 10 grams. Silver also gained Rs 254 to Rs 58,139 per kg from Rs 57,885 per kg in the previous trade. In the international market, both gold and silver were trading flat at USD 1,808.45 per ounce and USD 19.

  • J&K Bank commissions 3 ATMs in Srinagar

    Jul 01, 2022

    SRINAGAR, JUN 30: Deepening its footprint further to meet the growing banking needs of the people, J&K Bank today commissioned three more ATMs in Srinagar taking the Bank’s ATM network in Kashmir to 837 and to 1409 in the country.

  • HPCL launches first of its kind fueling point for women in Jammu

    Jun 29, 2022

    Jammu, June 29: Hindustan Petroleum Corporation Ltd. (HPCL) has launched a dedicated fuelling point, exclusively for women at Gandhi Nagar Jammu. First of its kind, the exclusive fuel point for Women was inaugurated by Sh Rajesh Mehtani, CGM NZ HPCL and Sh Deepak Kumar, SRM J&K HPCL. Sh Varun Kundan, Assistant Sales Manager and Sh. Manik Batra & Sh. Bhisham Batra, Dealers were also present during the function.

  • Vi Business Launches 'Ready for Next' Program to help MSMEs Thrive in their Digital Journey

    Jun 28, 2022

    Post-pandemic business impact, excessive liquidity crunch and tectonic shift has made MSMEs vulnerable. Keeping these challenges in mind on the occasion of World MSME Day, Vi Business, the enterprise arm of India’s leading telecom operator Vodafone Idea (Vi), today announced the launch of Ready for Next, a special program curated to help the MSMEs accelerate their growth potential.

  • Rupee settles at all-time low of 78.33 against US dollar

    Jun 24, 2022

    Mumbai, Jun 24 (PTI) The rupee on Friday slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close. During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency.

  • India, EU trade pact to help unleash significant untapped potential: Goyal

    Jun 18, 2022

    Brussels, Jun 18 (PTI) With India and the European Union (EU) formally resuming negotiations for proposed agreements on trade, investments and geographical indications (GI), Commerce and Industry Minister Piyush Goyal has said implementation of these pacts would help unleash the significant untapped potential for enhancing economic ties between the two regions.

  • Sri Lanka should have gone to IMF earlier to avert economic meltdown: Central Bank Governor

    Jun 17, 2022

    Colombo, Jun 17 (PTI) Sri Lanka could have averted the current economic turmoil if it had gone to the IMF for a bailout sooner, the debt-ridden country's central bank governor has said, acknowledging that the delay in seeking outside help was a mistake. Sri Lanka is currently facing its worst economic crisis since independence from Britain in 1948.

  • Vi Introduces SonyLIV Premium Add-on Pack for its Postpaid Users

    Jun 15, 2022

    Jammu, June 15: To provide worry free binge experience, Vi, the leading telecom operator, today introduced SonyLIV Premium add-on pack option for its Postpaid Users. The new Postpaid special pack offers 30 day access to SonyLIV premium content clubbed with 10GB of free data at a monthly subscription fee of just Rs.100 (including Taxes), which gets added to the user’s postpaid bill.

  • Batra Group Donates Green Chemicals for sanitation during Amarnath Yatra

    Jun 15, 2022

    Jammu, June 11: Batra Group donated Planta Series by buzil Rossari 100% green Chemicals for better Hygiene and Sanitation of Amarnath Yatra to district administration on Saturday. Bhisham Batra, Director, Batra Group along with Hardik Gupta, Business Development Manager from Buzil Rossari and Shivdev Pal Sharma GM Admin Batra Group today met Ms. Avny Lavasa, Deputy Commissioner, Jammu.

  • Evolving conditions will guide future policy actions: RBI Governor

    Jun 08, 2022

    Mumbai, Jun 8 (PTI) After hiking the repo rate by 0.50 per cent, RBI Governor Shaktikanta Das on Wednesday said future policy actions by the central bank will be guided by the evolving conditions. Addressing a press conference, the governor said the RBI has changed the policy stance to drop the phrase "remains accommodative", and instead opted for "withdrawal of accommodation" for guiding its future moves.

  • SC sets aside HC order staying SFIO probe into 9 companies related to Sahara group

    May 26, 2022

    New Delhi, May 26 (PTI) The Supreme Court on Thursday set aside a Delhi High Court order staying the Serious Fraud Investigation Office (SFIO) probe into nine companies related to the Sahara group. A vacation bench of justices D Y Chandrachud and Bela M Trivedi allowed the appeal filed by the SFIO against the high court order. The apex court observed that the high court was "not justified" in staying the investigation in the matter.

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