Business and Economy

Friday, August 17, 2018Alert sounded after 3 suspects seen in Narwal

JAMMU: An alert was sounded in Jammu on Thursday with all the check-points (nakas) made active after three suspects were seen in a Haryana based car near Bathindi area in Narwal.

The alert was sounded after a man made call to the Police Control Room (PCR) and informed police that three armed men were seen by him sitting in a Ford Figo car bearing Harayana registration number near Wave Mall.


Friday, August 17, 2018Yatra resumes, 548 leave, 227 pay obeisance

JAMMU: The Amarnath Yatra resumed today from Jammu after it was suspended for three days due to bad weather conditions in Kashmir, with a fresh batch of 548 pilgrims leaving for the Pahalgam base camp for the 3,880-metre-high holy cave shrine, officials said. The Jammu-Srinagar national highway was reopened today for vehicular traffic after remaining closed due to landslides for past three days.


Friday, August 17, 2018GST amnesty extended till September 14

SRINAGAR: Much to the relief of businessmen, traders and industrialists of the state, the government today ordered extension of GST amnesty scheme by another period of 30 days.

The due date of depositing 1st installment as per the provisions of the scheme shall now be 14th September, 2018, an order issued by Navin K Choudhary, Principal Secretary, Finance Department read.

The Government had


Thursday, August 16, 2018Equity indices pare losses, trade flat; sentiments weak over low rupee

Mumbai, Aug 16: The key Indian equity indices pared major losses made during the morning session to trade flat on Thursday afternoon.

Both the key indices -- S&P BSE Sensex and NSE Nifty50 -- opened on a negative note, subdued by weak global cues and a slump in the Indian rupee as it touched a fresh all-time low of 70.32 per dollar.

According to market observers, heavy selling pressure was


Thursday, August 16, 2018Depreciating rupee will kill small businesses: Mamata

Kolkata, Aug 16: West Bengal Chief Minister Mamata Banerjee on Thursday said the devalued rupee will lead to increase of oil import bills and small businesses will be killed further post the demonetisation.

She also said farmers' distress will be compounded as the rupee fell further on Thursday to a new record low beyond Rs 70.20 against the dollar but recovered soemwhat later.

"Rupee cras


Tuesday, August 14, 2018Macro-data, global cues push equity indices higher

Mumbai, Aug 14: Positive macro-economic inflation data along with supportive Asian stock exchanges pushed the key indices of the Indian equity market higher during the morning trade session on Tuesday.

According to market observers, healthy buying was witnessed in banking, consumer durable and FMCG stocks.

Around 9.40 a.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at


Tuesday, August 14, 2018Rupee hits record low against US dollar

Mumbai, Aug 14: Fears over a rise in global protectionist measures, along with a strong US economy, dragged the Indian rupee to a fresh intra-day low of over 70 against a US dollar during the pre-afternoon hours on Tuesday.

Around 11.00 a.m., the rupee plunged to 70.08 to a US dollar. However, soon afterward the Reserve Bank of India (RBI) is said to have intervened in the open market to curb


Sunday, August 12, 2018Inflation rate, rupee, results to steer equity indices

Mumbai, Aug 12: Key macro-economic inflation data points, combined with the last of first quarter earning results and the direction of foreign fund flows, are expected to drive the Indian equity indices next week.

Analysts opined that the movement of the Indian rupee against the US dollar as welll as global crude oil price volatility and high stock valuations will also affect investor sentimen