The Northern Herald

  • Industrial Estate coming up at Sahar Logate, Kathua

    Jul 26, 2021

    SRINAGAR, JULY 26: The Administrative Council (AC) which met on 24th July under the chairmanship of the Lieutenant Governor, Manoj Sinha, gave administrative approval to the establishment of an industrial estate at Sahar Logate, Kathua. The project with a timeline of 3 years, envisages developing a land bank stretching over 900 kanals at an estimated cost of Rs. 63.

  • CCI team calls on MoS Finance, seeks package for Jammu

    Jul 16, 2021

    The Chamber of Commerce and Industry (CCI) delegation called on MoS Finance Pankaj Choudhary and demanded a special financial package for the business fraternity of the Union Territory in wake of snarling business activity witnessed due to restrictions which J&K saw in the last 18 months due to pandemic.

  • Petrol crosses Rs 100-mark in UP, Chhattisgarh, Nagaland

    Jul 10, 2021

    New Delhi, Jul 10: Petrol price on Saturday crossed the Rs 100-per-litre mark in some places in Uttar Pradesh, Chhattisgarh and Nagaland after fuel prices were hiked yet again. Petrol price was hiked by 35 paise per litre and diesel by 26 paise, according to a price notification of state-owned fuel retailers. This took fuel prices across the country to a fresh high. In Delhi, petrol price rose to Rs 100.

  • Economy treads cautiously optimistic on pent-up demand: ASSOCHAM

    Jul 09, 2021

    New Delhi: After a tough first quarter, the Indian economy is finding demand back on the back of a strong level of activities in a construction-related business, consumer durables like air-conditioners, refrigerators and other electrical gadgets and rural segments of the fastmoving consumer goods. Even domestic travel and tourism is witnessing an unleashing of pent-up demand, giving a pleasant surprise, as per an ASSOCHAM assessment.

  • Petrol hits Rs 100/litre in Delhi

    Jul 07, 2021

    New Delhi, Jul 7: Petrol price on Wednesday crossed the Rs 100-a-litre mark in Delhi after fuel prices were hiked again on the back of firming international oil rates. Petrol price was increased by 35 paise per litre, while diesel rates were increased by 17 paise a litre, according to a price notification from state-owned fuel retailers. In Delhi, the price of petrol soared to Rs 100.21 per litre and diesel rates rose to Rs 89.53 a litre.

  • Jammu's only Lilium garden attracting nature enthusiasts

    Jul 06, 2021

    Ranjit Thakur Jammu, July 6: Amid lush green woods with trekking trails, Floriculture Department has developed Jammu's first Lilium garden at Sanasar, attracting nature enthusiasts. Around 20,000 Lilium flowers standing bloomed are ready to welcome visitors amid COVID restrictions at the site located some 20-kilometres from the Jammu-Srinagar National Highway in Ramban.

  • Petrol crosses Rs 100 in Tamil Nadu after steep hike in fuel rates

    Jun 26, 2021

    New Delhi, Jun 26: Petrol price soared past Rs 100-a-litre mark in Tamil Nadu after fuel prices were hiked again on Saturday. Petrol and diesel prices were hiked by 35 paise per litre each - the steepest in recent times, according to a price notification of state-owned fuel retailers. The increase took rates across the country to fresh highs with Tamil Nadu becoming the latest state to see petrol cross Rs 100-a- litre mark.

  • Vi Introduces Fully Managed Voice Service for Enterprise Customers

    Jun 22, 2021

    Jammu, June 22: Vi Business, the enterprise arm of Vodafone Idea Ltd. (VIL), has introduced Managed SIP service for businesses for whom voice calls are a key business resource. Most Indian BPOs/KPOs, the BFSI and IT/ITES, telemarketers, VAS providers, conference service providers and similar sectors are currently relying on legacy TDM based PRI connections from multiple vendors and do not have a clear view on the efficacy of each service.

  • Sensex, Nifty scale new peaks; banking shares drive rally

    Jun 15, 2021

    Mumbai, Jun 15: Equity benchmarks Sensex and Nifty rose for the fourth straight session to settle at fresh life-time highs on Tuesday as investors shrugged off concerns over rising inflation to focus on positive cues coming from global markets. At the closing bell, the BSE Sensex quoted higher by 221.52 points or 0.42 per cent at a new peak of 52,773.05. The index also hit its all-time intraday high of 52,869.51 during the session.

  • GST revenues up 65persent in May at Rs 1.02 lakh crore

    Jun 05, 2021

    New Delhi: GST revenue mop-up remained above the Rs 1 lakh crore mark for the eight straight months in May at over Rs 1.02 lakh crore. The May 2021 collection is 65 percent higher than Rs 62,009 crore the Goods and Services Tax (GST) revenue of May 2020. Collections last year were impacted as economic activity took a hit due to the nationwide lockdown imposed to check the spread of COVID-19.

  • Markets reopen in Jammu and Kashmir as unlock process begins

    May 31, 2021

    Jammu/Srinagar, May 31: After a month-long lockdown imposed due to a surge in COVID-19 cases, markets reopened in Jammu and Kashmir on Monday as the process of partial unlock started in the Union Territory, officials said. According to new guidelines imposed by authorities on Sunday, shops have been allowed to open on alternate days.

  • Rupee gains 6 paise to close at 73.12 as dollar, crude oil decline in global market.

    May 20, 2021

    Mumbai, May 20: The rupee strengthened by 6 paise to end at 73.12 against the US dollar on Thursday, tracking the weakness in the American currency in the overseas market. At the interbank forex market, the local unit opened at 73.16 against the greenback and witnessed an intra-day high of 73.09 and a low of 73.17. It finally ended at 73.12 against the American currency, registering a rise of 6 paise over its previous closing.

  • GST revenue hits all-time high of Rs 1.41 lakh cr in April

    May 01, 2021

    New Delhi, May 1: GST collections in April touched a record high of over Rs 1.41 lakh crore, indicating sustained economic recovery, the Finance Ministry said on Saturday. The revenues for the month of April 2021 are 14 per cent higher than Rs 1.23 lakh crore collected in March. During the month, the revenues from domestic transaction (including import of services) are 21 per cent higher over the last month.

  • Blocked hashtag calling for PM's resignation by mistake, says Facebook

    Apr 29, 2021

    New Delhi, Apr 29: Social media giant Facebook on Thursday said it had temporarily blocked a hashtag calling for the Prime Minister's resignation "by mistake" and that it wasn't done on government orders. The development comes amid reports that social media companies are being asked to remove posts that are critical of the government's handling of the coronavirus pandemic.

  • Rupee tanks 52 paise as fresh lockdown measures unnerve investors

    Apr 19, 2021

    Mumbai, Apr 19: The rupee plunged by 52 paise to close at 74.87 against the US dollar on Monday as fresh lockdown measures by some states to control spiralling cases of COVID-19 unnerved investors and stoked fears of forex outflows. Losses in the domestic equity markets also weighed on the rupee which was the worst performer among Asian currencies on Monday, analysts said. At the interbank forex market, the local unit opened lower at 74.

  • Sensex crashes over 1,300 pts on spiking COVID-19 cases; Nifty below 14,300

    Apr 19, 2021

    Mumbai, Apr 19: Equity benchmark Sensex crashed over 1,300 points in early trade on Monday, tracking massive across-the-board selloff as mounting COVID-19 cases spooked investor sentiment. The 30-share BSE index was trading 1,318.21 points or 2.70 per cent lower at 47,513.82. Similarly, the broader NSE Nifty tanked 394.90 points or 2.70 per cent to 14,222.95. All Sensex components were in the red.

  • Rupee spurts by 58paise to over 1-week high on easing US yields

    Apr 16, 2021

    Mumbai, Apr 16: The rupee on Friday soared by 58 paise to end a more than one-week high of 74.35 against the US dollar on easing US bond yields and positive domestic equities. A weak dollar overseas and foreign fund inflows also supported the rupee. At the interbank forex market, the local unit opened at 74.76 against the greenback and witnessed an intra-day high of 74.28 and a low of 74.76. It finally ended at 74.

  • Gold falls Rs 57, silver declines Rs 270

    Apr 12, 2021

    New Delhi, Apr 12: Gold prices fell Rs 57 to Rs 46,070 per 10 gram in the national capital on Monday following weak global cues, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 46,127 per 10 gram. Silver also declined Rs 270 to Rs 66,043 per kg, from Rs 66,313 per kg in the previous trade. In the international market, gold was quoting lower at USD 1,738 per ounce and silver was flat at USD 25.

  • Sensex nosedives 1,708 pts amid massive selloff; Nifty plunges below 14,350

    Apr 12, 2021

    Mumbai, Apr 12: Equity benchmark Sensex plummeted 1,708 points on Monday following an across-the-board selloff as spiking COVID-19 cases in the country spooked investors. The 30-share BSE index sank 1,707.94 points or 3.44 per cent to end at 47,883.38. Similarly, the broader NSE Nifty plunged 524.05 points or 3.53 per cent to finish at 14,310.80.

  • Rupee slips below 75/USD level, logs 6th straight session of loss

    Apr 12, 2021

    Mumbai, Apr 12: The rupee fell for the sixth straight session and settled 32 paise down at 75.05 (provisional) against the US dollar on Monday amid a lacklustre trend in the domestic equities ahead of the release of key macro-economic data. Moreover, rising crude oil prices, foreign fund outflows and spiking COVID-19 cases weighed on the domestic currency. At the interbank forex market, the local unit opened at 74.

  • Sensex tumbles 871 pts; Nifty tanks below 14,650

    Apr 05, 2021

    Mumbai, Apr 5: Equity benchmark Sensex tanked 871 points on Monday, dragged by a selloff in financial stocks as spiking COVID-19 cases spooked investors and fanned concerns over economic recovery. After plunging over 1,400 points earlier in the day, the 30-share BSE index pared some losses to finish at 49,159.32, down 870.51 points or 1.74 per cent. Similarly, the broader NSE Nifty sank 229.55 points or 1.54 per cent to 14,637.80.

  • Rupee falls by 18 paise to close at 73.30 against US dollar

    Apr 05, 2021

    Mumbai, Apr 5: The rupee declined by 18 paise to close at 73.30 (provisional) against the US currency on Monday on strong American currency and risk aversion in the domestic market amid concerns over rising COVID-19 cases. Besides, losses in domestic equity markets weighed on investors' sentiment. At the interbank forex market, the local unit opened at 73.38 against the greenback and traded in the range of 73.28 to 73.45 during the day.

  • Manufacturing activities in India eases in Mar; challenging times ahead: Survey

    Apr 05, 2021

    New Delhi, Apr 5: India's manufacturing sector activities lost further growth momentum and fell to a seven-month low in March as demand was constrained by the escalation of the COVID-19 pandemic, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell from 57.5 in February to a seven-month low of 55.4 in March.

  • Sensex rebounds 568 pts as bulls make a comeback; posts weekly loss

    Mar 26, 2021

    Mumbai, Mar 26: Equity indices ratcheted higher on Friday after two sessions of heavy losses as investors snapped up recently-battered banking and finance stocks in lockstep with a rebound in global markets. A recovering rupee also bolstered market sentiment, traders said. The 30-share BSE Sensex surged 568.38 points or 1.17 per cent to finish at 49,008.50. Similarly, the broader NSE Nifty cimbed 182.40 points or 1.27 per cent to 14,507.

  • Rupee snaps 3-day losing streak, settles 11 paise higher at 72.51 against USD

    Mar 26, 2021

    Mumbai, Mar 26: The rupee snapped its three-day losing streak and closed 11 paise higher at 72.51 against the US dollar on Friday, supported by positive domestic equities and weakening of the American currency in the overseas market. At the interbank forex market, the local unit opened at 72.51 against the greenback and witnessed an intra-day high of 72.37 and a low of 72.53. It finally ended at 72.

  • Economic revival to continue 'unabated', rising Covid cases a concern, but lockdowns unlikely: RBI Guv

    Mar 25, 2021

    Mumbai, Mar 25: The rising COVID-19 infections across the country are a matter of concern, but it may not impact the ongoing economic revival as one does not foresee lockdowns, Reserve Bank Governor Shaktikanta Das said on Thursday. The economic revival will continue "unabated", Das said, asserting that there is no need for a downward revision of RBI's 10.5 per cent GDP growth forecast for FY22.

  • Rupee widens loss by 7 paise to 72.62 against USD

    Mar 25, 2021

    Mumbai, Mar 25: The Indian rupee furthered its loss by another 7 paise to 72.62 against the US dollar in early trade on Thursday amid growing concerns over surging coronavirus cases in India and some other parts of the world. At the interbank forex market, the rupee opened significantly lower at 72.68 a dollar but recouped some of its losses as the morning trade progressed.

  • Banks' NPAs declined to Rs 5.70 lakh cr at December end: Thakur

    Mar 23, 2021

    New Delhi, Mar 23: Non-performing assets of banks declined to Rs 5.70 lakh crore in December 2020 and the recovered amount stood at Rs 2.74 lakh crore following a slew of measures taken by the government, Union Minister Anurag Singh Thakur told Rajya Sabha on Tuesday. During Question Hour, the Minister of State for Finance also said the Insolvency and Bankruptcy Code (IBC) has helped in the recovery of NPA (Non-Performing Assets).

  • Gold declines Rs 302; silver tanks Rs 1,533

    Mar 22, 2021

    New Delhi, Mar 22: Gold in the national capital tumbled by Rs 302 to Rs 44,269 per 10 grams on Monday, reflecting overnight decline in global gold prices and rupee appreciation, according to HDFC Securities. In the previous trade, it had closed at Rs 44,571 per 10 grams. Silver also tanked Rs 1,533 to Rs 65,319 per kg, from Rs 66,852 in the previous trade.

  • Rupee gains 15 paise to end at 72.37 against US dollar

    Mar 22, 2021

    Mumbai, Mar 22: The rupee appreciated 15 paise to close at 72.37 against the US dollar on Monday, driven by foreign fund inflows and easing crude oil prices. However, subdued sentiment in the domestic equity markets and a moderately strong dollar overseas weighed on the rupee, forex dealers said. At the interbank forex market, the local unit opened at 72.47 against the greenback and gained further to touch an intra-day high of 72.34.

  • Sensex ends 87 pts lower; financial stocks drag

    Mar 22, 2021

    Mumbai, Mar 22: Equity benchmark Sensex declined 87 points on Monday, tracking losses in index majors HDFC Bank, ICICI Bank and Reliance Industries amid a weak trend in global markets. The 30-share BSE index ended 86.95 points or 0.17 per cent lower at 49,771.29. The broader NSE Nifty dipped 7.60 points or 0.05 per cent to 14,736.40.

  • Rupee settles almost flat at 72.52 against US dollar

    Mar 19, 2021

    Mumbai, Mar 19: The rupee ended on a flat note against the US dollar on Friday amid a firm trend in domestic equity markets and a stronger dollar in overseas markets. At the interbank forex market, the local unit opened lower at 72.57 against the greenback and witnessed an intra-day high of 72.46 and a low of 72.58. It finally closed at 72.52 against the American currency, registering a rise of just 1 paisa over its previous close.

  • Market stages sharp recovery; Sensex rebounds 642 pts

    Mar 19, 2021

    Mumbai, Mar 19: Snapping its five-session losing streak, equity benchmark Sensex rebounded 642 points on Friday, led by gains in index majors RIL, HUL and ICICI Bank despite negative cues from global markets. After opening with significant losses, the 30-share BSE index made a U-turn to end 641.72 points or 1.30 per cent higher at 49,858.24. The broader NSE Nifty surged 186.15 points or 1.28 per cent to finish at 14,744.

  • Rupee falls 3 paise against US dollar in early trade

    Mar 19, 2021

    Mumbai, Mar 19: The rupee depreciated by 3 paise to 72.56 against the US dollar in opening trade on Friday, as muted opening in domestic equities weighed on investor sentiment. However, consistent foreign fund inflows and a weak dollar overseas supported the rupee, a forex dealer said. At the interbank forex market, the local unit opened lower at 72.57 against the US dollar, then recovered some ground to quote at 72.

  • Sensex tumbles 585 pts; Nifty drops below 14,600

    Mar 18, 2021

    Mumbai, Mar 18: Extending its losing streak to the fifth consecutive session, equity benchmark Sensex tanked 585 points on Thursday, tracking losses in index majors Infosys, RIL and TCS. After rallying nearly 500 points earlier in the day, the 30-share BSE index gave up all gains to end 585.10 points or 1.17 per cent lower at 49,216.52. The broader NSE Nifty slumped 163.45 points or 1.11 per cent at 14,557.85.

  • Rupee up by 2 paise at 72.53 against US dollar

    Mar 18, 2021

    Mumbai, Mar 18: The rupee erased some of its initial gains to end 2 paise higher at 72.53 against the US dollar on Thursday, tracking subdued equity market sentiment and a stronger dollar overseas. Persistent foreign fund inflows and lower crude prices supported the domestic unit, forex traders said. At the interbank forex market, the local unit opened strong at 72.

  • Rupee pares early gains, settles 9 paise lower at 72.55 against US dollar

    Mar 16, 2021

    Mumbai, Mar 16: The rupee pared its initial gains and depreciated 9 paise to settle at 72.55 (provisional) against the US dollar on Tuesday as muted domestic equities and strengthening of the greenback overseas weighed on investor sentiment. At the interbank forex market, the local unit opened at 72.46 against the American currency and witnessed an intra-day high of 72.37 and a low of 72.64. It finally ended at 72.

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