Rupee skids for 4th day; settles 6 paise down against dollar
Mumbai: The rupee depreciated by 6 paise to close at 69.04 against the US dollar on Thursday amid sustained foreign fund outflows and firm crude oil prices. Prolonged weakness in the domestic equity markets and a strengthening greenback further weighed on the local unit, forex traders said. At the interbank foreign exchange market, the rupee opened […]
ACB lodges FIR in J&K Bank’s insurance scam
JAMMU,: The Anti-Corruption Bureau (ACB) today lodged First Information Report (FIR) in Jammu and Kashmir Bank scam in which sacked Bank Chairman Parvez Ahmad Nengroo had signed insurance deal with IFFCO TOKIO with a view to give undue benefits to the company, where one of his relatives had been employed. After registration of FIR, the […]
Sensex tanks 306 points; HDFC twins sink
Mumbai: Extending losses for the third consecutive session, market benchmark BSE Sensex tumbled 306 points at close on Monday led by a carnage in shares of HDFC twins amid weak global cues. Unabated foreign fund outflows and a depreciating rupee too weighed on investor sentiment here, traders said. The 30-share index cracked 305.88 points or 0.80 […]
IMF urges Pakistan to mobilise domestic tax revenue
Washington: The IMF has urged Pakistan to mobilise domestic tax revenues to provide for the social and development spending and place debt on a downward trend. The statement of International Monetary Fund (IMF) Acting Managing Director David Lipton came after he met Prime Minister Imran Khan who is on a three-day official visit to the […]
Reliance Industries net up 6.8per cent; retail, telecom boost profit
Mumbai: Reliance Industries on Friday reported a 6.8 per cent rise in net profit for the first quarter (Q1) driven by robust performance by its consumer businesses of retail and telecom, countering the weakness in traditional petrochemical and refining business. The Mukesh Ambani-led conglomerate reported a net profit of Rs 10,104 crore, or Rs 17.05 per […]
Gold nearing Rs 36,000-mark
Chennai: Gold prices in the Indian market made new highs on Friday as the international rates were at six-year high levels. With positive triggers in place, gold is likely to keep up momentum towards $1,500 per ounce in the medium term. In the Multi Commodity Exchange, August contract of gold touched a fresh high of Rs […]
Well prepared for a Kargil-like conflict again: Dhanoa
New Delhi: Air Chief Marshal B S Dhanoa on Tuesday said that the Indian Air Force (IAF) is well prepared to fight a Kargil-like war again. “Like all good generals, we are prepared to fight the last war. If Kargil comes again, we are very well prepared,” he said at an event to commemorate the […]
Brazil seeks WTO to set up dispute panel in case against India on sugar subsidy
New Delhi: Brazil has sought establishment of a dispute panel under the aegis of the World Trade Organization (WTO) in a case against India’s sugar subsidies to farmers. In February, Brazil and several other countries including Australia and Guatemala have dragged India into the WTO’s dispute settlement mechanism alleging that New Delhi’s sugar subsidies to […]
GoAir inducts 50th aircraft into the fleet
Srinagar,: GoAir has inducted 50th aircraft into the fleet. With this new milestone, GoAir has doubled its fleet in less than two years, earning itself the coveted title of India’s fastest growing airline that operates 270 daily flights connecting 24 domestic and 4 international destinations. GoAir, an aviation foray of the Wadia Group, operates as […]
J&K Bank commissions ATMs at Seer-Jagir, Baaltal
Srinagar:Providing hassle-free banking services to the people, J&K Bank on Monday commissioned Automated Teller Machines (ATMs) at Seer-Jagir in Sopore. The Bank’s Zonal Head Kashmir (North), Karanjit Singh inaugurated the ATM in presence of Cluster Head, Parvez Ahmad, Head Business Unit Agro Hi-Tech, Mohammad Amin Pukhta, amid a gathering of valuable customers, officials of the […]