Facebook Instagram Twitter
Facebook Instagram Twitter
Monday, September 1, 2025
Home Blog Page 329

PDP Holds High-Level Meeting on Civilian Deaths and Arrests in Kashmir

By
JKN Admin
-
0
PDP

Srinagar, February 07: Peoples Democratic Party (PDP) president and former Jammu and Kashmir Chief Minister Mehbooba Mufti chaired a high-level meeting on Friday at the party headquarters in Srinagar. The gathering, attended by senior party leaders, focused on concerns regarding the increasing civilian casualties and detentions under the pretext of security operations in Jammu and Kashmir.

A party spokesperson stated that discussions covered key political and organizational matters, along with the ongoing challenges faced by the region’s residents. During the meeting, PDP also decided to initiate a membership drive, which is set to begin at the party office in Jammu on February 13.

Mehbooba Mufti called on party leaders to take the campaign across Jammu and Kashmir to strengthen the party’s reach and support base.

Among the senior leaders present at the meeting were Mir Mohammad Fayaz from Kupwara, Naeem Akhtar, Asiya Naqash, Additional General Secretaries Advocate Nasir Hussain and Rajat Randhawa, along with the party’s Additional Spokesperson.

PM Modi’s Official 2-Day Visit to the US Starting February 12

By
JKN Author
-
0
Modi

New Delhi, Feb 07: Prime Minister Narendra Modi is set to embark on a two-day working visit to the United States starting February 12, where he will hold discussions with President Donald Trump. The announcement was made by the Ministry of External Affairs on Friday.

During a press briefing, Foreign Secretary Vikram Misri highlighted that the visit aims to strengthen and advance India-US bilateral ties.

Before traveling to the US, Modi will visit France from February 10 to 12, where he will co-chair the AI Action Summit alongside French President Emmanuel Macron.

Additionally, he is scheduled to visit Cadarache, home to the International Thermonuclear Experimental Reactor, a project in which India is an active participant, Misri stated.

Security Forces Uncover Massive Cache of Arms and Ammunition in Baramulla Operation

By
JKN Admin
-
0
Baramulla

Baramulla, Jammu and Kashmir – In a significant breakthrough in counter-terrorism efforts, security forces recovered a substantial cache of arms and ammunition during a joint operation conducted by the Indian Army and Jammu and Kashmir Police in the Rampur Sector of Baramulla, officials confirmed on Wednesday.

Based on specific intelligence regarding hidden weaponry, a search operation was initiated on February 3 in the Anganpathri area.

On February 5, around 1:10 PM, security personnel uncovered the hidden stockpile inside a hollow pine tree within a dense forest. The weapons were carefully wrapped in a blanket to evade detection.

The recovered items include three AK-47 rifles, 11 magazines, 292 rounds of ammunition, an under-barrel grenade launcher (UBGL), nine UBGL grenades, and two hand grenades.

Authorities have registered a case under FIR Boniyar at Boniyar Police Station, and an investigation is underway to determine the source of the weapons and any potential connections to terrorist networks in the region.

J&K Bank Receives Massive Rs 16,000 Crore GST Notice, Exceeding 1.5x Its Market Cap; Shares Plunge

By
JKN Admin
-
0
Bank

Jammu and Kashmir Bank‘s stock price experienced a decline during Wednesday’s trading session following the receipt of a significant GST notice amounting to Rs 16,000 crore, which includes both GST dues and penalties.

At one point, the bank’s share price hit an intraday low of Rs 99.26 on the NSE, reflecting a drop of 3.95%. However, it later recovered slightly, with the stock standing at Rs 101.35, down by 1.94% around 11:50 AM.

According to a regulatory filing by the bank, it received a notice on February 4, 2025, from the Joint Commissioner, Central GST Commissionerate, Jammu. The notice demands a GST liability of Rs 8,130.66 crore, along with interest and an identical penalty amount.

Despite this substantial demand, Jammu and Kashmir Bank, which has a market capitalization of Rs 11,273.91 crore, reassured investors by stating that the notice would not significantly impact its financial stability, operations, or overall business performance.

The bank also reported a 26% year-on-year increase in net profit for the December 2024 quarter, which rose to Rs 532 crore compared to Rs 421 crore in the same period of the previous year. Its net interest margin for the quarter increased to 4.04%, a 14-basis-point improvement from the prior quarter.

EAM Jaishankar Engages with UNGA President to Discuss Important UN Agenda

By
JKN Admin
-
0
Jaishankar

External Affairs Minister S. Jaishankar held discussions with Philemon Yang, the President of the 79th session of the United Nations General Assembly (UNGA), in New Delhi on Wednesday. The talks focused on various items on the UN agenda, including the need for reformed multilateralism. Jaishankar shared on social media that they exchanged views on regional, global, and developmental challenges.

Yang arrived in India on Tuesday for a four-day visit at the invitation of Jaishankar. He will also meet with President Droupadi Murmu, reinforcing India’s relationship with the United Nations. Jaishankar praised Yang’s leadership at the UN and emphasized the value of his guidance.

As part of his visit, Yang will travel to Bengaluru, where he will visit Infosys and the Indian Institute of Science. There, he will engage with experts on India’s contributions to sustainability, digital infrastructure, and innovation, according to the Ministry of External Affairs.

During his tenure, Yang has led efforts at the UN, including the adoption of “A Pact for the Future,” a document advocating for multilateral solutions to global challenges. Previously Cameroon’s Prime Minister, Yang has long been an advocate for global unity and peace, and he commended India’s efforts in advancing the interests of the Global South during his meeting with Jaishankar.

Cyber Police Kashmir Denies Reports of Posters Featuring Pakistan PM Sharif and Army Chief Asim Munir in Srinagar

By
JKN Admin
-
0
Kashmir

Srinagar, Feb 5: The Cyber Police of Kashmir has dismissed reports from Pakistani media that claimed posters of Pakistani Prime Minister Shehbaz Sharif and army chief General Asim Munir were spotted in Srinagar. The police department took to social media platform X to clarify that these reports were baseless.

In a statement, the Cyber Police Kashmir refuted the allegations, calling them false: “Certain social media accounts and platforms are spreading misleading claims about anti-national posters in Kashmir. These unverified reports are being widely circulated. @cyberpolicekmr is closely monitoring the situation and taking appropriate legal measures.”

Pakistani media had recently circulated a claim that posters featuring Shehbaz Sharif and General Asim Munir had been displayed in Srinagar. This was reminiscent of a similar incident reported three years ago, when media outlets suggested that posters of former Pakistani Prime Minister Imran Khan and General Qamar Javed Bajwa had been found in Kashmir.

However, local authorities conducted thorough checks in various areas of Srinagar, including markets and public spaces, and confirmed no such posters had been discovered. This incident appears to be part of an ongoing effort to spread misinformation and create a false narrative about the region’s situation.

Swiggy Q3 FY25 Report: Net Loss Expands to ₹799 Crore, Revenue Grows 31% Year-on-Year

By
JKN Admin
-
0
Swiggy

Swiggy reported a net loss of ₹799 crore for the third quarter of FY25 (October to December), which is a rise from ₹574 crore in the same quarter of the previous fiscal year.

For Q3 FY25, Swiggy‘s revenue from operations amounted to ₹3,993 crore, reflecting a 31% year-on-year (YoY) growth from ₹3,049 crore reported in Q3 FY24.

Swiggy’s stock ended 3.56% lower at ₹418.60 on the NSE on February 5, following the release of its earnings after market hours.

On a quarter-on-quarter (QoQ) basis, the company’s revenue rose by 18.1%, compared to ₹3,301.45 crore in Q2 FY25. However, its net loss widened from ₹625.5 crore in Q2.

The company’s EBITDA loss for the quarter stood at ₹725.66 crore, up from ₹554.17 crore in Q2 FY25.

Swiggy’s CEO and MD, Sriharsha Majety, mentioned that the company had focused on offering segmented products during the festive quarter to stimulate more consumption opportunities. He highlighted new initiatives such as Bolt and Snacc (10-minute food delivery), expansion in the Quick-Commerce category, and the launch of Swiggy Scenes for restaurant event bookings. The company also introduced One BLCK, a premium tier of its Swiggy One subscription service.

Majety added that Swiggy experienced YoY growth across its primary business segments in Q3, with B2C GOV growing 38% YoY. He noted that while Food delivery margins and cash flow generation were expanding, investments were being made in Quick-commerce, including dark store expansion and marketing, given the competitive landscape. Instamart, for example, added 86 new stores in January 2025 and grew its Monthly Transacting Users (MTUs) by 2 million to reach 9 million.

Key Highlights:

  • Swiggy Instamart: The quick commerce segment reported a 17.7% QoQ increase in revenue, reaching ₹576.50 crore, up from ₹490 crore in the previous quarter.
  • Food Delivery: The food delivery segment saw a 3.8% QoQ revenue increase, totaling ₹1,636.8 crore, compared to ₹1,577.47 crore in Q2 FY25.

Other Key Information:

  • The platform’s Gross Order Value (B2C GOV) grew by 38% YoY, reaching ₹12,165 crore.
  • Food delivery GOV rose 19.2% YoY to ₹7,436 crore, with the addition of 2.4 million MTUs in 2024.
  • Swiggy Instamart GOV surged by 88.1% YoY, reaching ₹3,907 crore, with 96 new active dark stores added, marking a 16% QoQ increase.

BJP’s Sunil Sharma Holds NC Responsible for Kashmiri Pandit Exodus and Kulgam Attack

By
JKN Admin
-
0
Sunil Sharma

Srinagar, Feb 5: Senior Bharatiya Janata Party (BJP) leader and MLA from Padder-Nagseni, Sunil Sharma, has sharply criticized the National Conference (NC) for creating an atmosphere of unrest in Jammu and Kashmir. Sharma blamed the NC for key historical events, including the 1931 unrest, the exodus of Kashmiri Pandits in 1989, and the recent terrorist attack in Kulgam that resulted in the death of an ex-serviceman, with his wife and niece injured.

Speaking to the press outside the Army’s 92-Base hospital in Srinagar, Sharma explained that the visit was aimed at expressing concern for the critically injured women following the terrorist attack in Behibgah village, Kulgam, two days ago.

“I, along with BJP J&K president Sat Sharma, former president Ravinder Raina, and other leaders, have come to Kulgam to offer our condolences to the family of Manzoor Wagay, an ex-serviceman who tragically lost his life in the attack. On the instructions of our party leadership, we are here to show our support and assist the family in any way possible,” Sharma said.

The BJP leader did not hold back in his criticism of the NC, accusing the party of undermining peace in the region. “From the 1931 incident and the 1989 exodus to the recent Kulgam attack, the NC has played a harmful role in disturbing the peace in Jammu and Kashmir,” Sharma was quoted as saying by Greater Kashmir.

BJP J&K president Sat Sharma also condemned the Kulgam attack, expressing concern about certain elements attempting to destabilize the region. He assured the public that the sacrifices of the victims would not be forgotten. “There are forces, acting under Pakistan’s influence, trying to disturb the region’s peace. They will face justice,” Sharma warned. “The courage of our martyrs will always be honored, and those responsible will be held accountable.”

Abhishek & Chakravarthy Climb ICC Men’s T20I Rankings with Impressive Performances

By
JKN Admin
-
0
Abhishek

Opener Abhishek Sharma and spinner Varun Chakravarthy have made significant strides in the ICC Men’s T20I Player Rankings following India’s impressive 4-1 victory over England in their five-match home series.

Abhishek’s remarkable 135 from 54 balls in the series’ final match at Wankhede Stadium in Mumbai has propelled him 38 spots to second place, surpassing his teammate Tilak Verma, and trailing only Australia’s Travis Head.

Chakravarthy, on the other hand, has risen three positions to joint-second place, sharing the spot with England’s Adil Rashid. Chakravarthy claimed multiple wickets in the last two matches of the series, taking his total to 14 wickets, which has helped him improve his standing. Rashid, who had previously taken the top spot, has now dropped behind Akeal Hosein.

In addition, Harry Brook has moved up three places to 42nd, thanks to his 51-run performance in the fourth ODI in Pune. Other notable batters improving their positions after the series include Hardik Pandya (up five places to 51st), Rinku Singh (up five places to 55th), Shivam Dube (up 38 places to 58th), and Ben Duckett (up six places to 62nd).

On the bowling front, India’s leg-spinner Ravi Bishnoi has advanced from 10th to 6th after taking four wickets in the last two games. England’s Saqib Mahmood, with his figures of 3/35 in the fourth match, has gained 28 spots to 57th. Mark Wood has risen nine places to 60th, while Brydon Carse has made a major leap of 62 places to 66th.

In Test rankings, Steve Smith has climbed three spots to 5th after his 141-run performance in Australia’s victory over Sri Lanka in the Galle Test, where Australia triumphed by an innings and 242 runs. Usman Khawaja, named Player of the Match for his 242 runs, has moved up six spots to 11th, while Josh Inglis, who marked his debut with a century, entered the rankings at 80th place.

Australia’s bowlers have also seen improvements. Nathan Lyon is now 6th, just six points behind his career-best rating, while Mitchell Starc has risen to 12th. Matthew Kuhnemann and Todd Murphy have also advanced to 54th and 66th positions, respectively.

Indian Rupee Plunges to All-Time Low of 87.35 Against USD Amid Rate Cut Speculations

By
JKN Admin
-
0
Rupee

The Indian rupee declined to a historic low on Wednesday, influenced by growing expectations that the Reserve Bank of India (RBI) may announce an interest rate cut later this week. Increased demand for the U.S. dollar from importers further added to the currency’s weakness.

The rupee depreciated to 87.35 per U.S. dollar, surpassing its previous record low of 87.28, which was reached on Monday. The currency registered a nearly 0.3% drop for the day.

Despite a weaker U.S. dollar supporting most Asian currencies, the rupee lagged behind as traders factored in the possibility of the RBI’s first rate cut in nearly five years. Meanwhile, the U.S. dollar index dipped 0.3%, settling at 107.7.

Market participants noted that the rupee faced additional pressure due to ongoing foreign portfolio outflows. So far in 2025, overseas investors have offloaded approximately $8 billion in Indian stocks and bonds. Although state-run banks intervened intermittently with dollar sales, the impact was limited, preventing a sharper fall.

1...328329330...332Page 329 of 332
- Advertisement -
Google search engine

Recent Posts

JK News – Your go-to source for the latest and most reliable news from Jammu & Kashmir!
Contact us: info@jknews.in
Facebook Instagram Twitter

EVEN MORE NEWS

POPULAR CATEGORY

JK News © 2025