Home Blog Page 860

Gold jumps Rs 450 to Rs 99,620 per 10 g; silver rallies Rs 1,000

0
Gold climbs Rs 1,400 to Rs 96,450 per 10 g; silver jumps Rs 1,000

New Delhi, July 03: Gold prices climbed Rs 450 to Rs 99,620 per 10 grams in the national capital on Thursday due to continuous buying by stockists, according to the All India Sarafa Association.

On Wednesday, the precious metal of 99.9 per cent purity had closed at Rs 99,170 per 10 grams.

Gold of 99.5 per cent purity appreciated Rs 400 to Rs 99,000 per 10 grams (inclusive of all taxes). The yellow metal had finished at Rs 98,600 per 10 grams in the previous market session.

Additionally, silver prices rallied Rs 1,000 to Rs 1,05,800 per kilogram (inclusive of all taxes) on Thursday. The white metal had settled at Rs 1,04,800 per kg in the previous close.

“Gold and silver extended their gains after the dollar index fell to a fresh 3.5-year low, while US Treasury yields dipped to a two-month low,” Rahul Kalantri, Vice-President of Commodities at Mehta Equities, said.

“Additionally, concerns over the approaching July 9 US trade tariff deadline lent further support. If a trade deal is not finalised in time, higher tariffs could trigger volatility in global financial markets, which will be supportive for the bullion prices,” Kalantri added.

On the global front, spot gold fell USD 8.21, or 0.24 per cent, to USD 3,348.89 per ounce.

“Investors will be awaiting crucial US macroeconomic data releases later in the day, including non-farm payrolls (NFP) and unemployment figures, which could provide fresh direction for the Federal Reserve’s interest rate path and trajectory for the bullion prices,” Jateen Trivedi, VP Research Analyst — Commodity and Currency — LKP Securities, said.

Greater Kashmir

5 lakh homeless people in J&K to get permanent shelter: Union Minister

0
5 lakh homeless people in J&K to get permanent shelter: Union Minister

Srinagar, July 03: Union Agriculture Minister Shivraj Singh Chouhan on Thursday said the central government has identified around five lakh people in Jammu and Kashmir who do not have permanent homes and efforts are being made to provide them housing under a government scheme.

Addressing a press conference in Srinagar, the minister said the Prime Minister has decided that those who are still without homes will be given permanent shelter. “A survey has been conducted to identify the beneficiaries, and once verification is completed, housing allotment will begin. Verification is important so that no ineligible names are included,” Chouhan said.

He added the work will be initiated to ensure every eligible individual in the region gets a permanent roof. The minister also said under the National Rural Livelihood Mission (NRLM), efforts are underway to eliminate rural poverty, particularly among women. “Through self-help groups, the government is aiming to increase the annual income of women to over Rs 1 lakh under the ‘Lakhpati Didi’ scheme”.

Chouhan said that the scheme is progressing in Jammu and Kashmir and many women have already achieved the Lakhpati status. He also mentioned a new category, “Millennial Didi,” for women whose annual income has reached Rs 10 lakh.

A booklet showcasing the stories of such women was released during the event.

Speaking on employment, Chouhan said rural job schemes like MGNREGA have faced some challenges, but steps are being taken to address those issues.

He said targets have been set for workers under MGNREGA this year and implementation is underway in the region. “The government is also focusing on skilled youth for employment and new educational initiatives will be introduced. Efforts are being made to connect more farmers to the Kisan Credit Card scheme”.

He said several problems were discussed during his visit and steps are being taken to improve the implementation of central schemes. “As per the direction of the Prime Minister, we are committed to ensuring the full development of Jammu and Kashmir,” he said. (KNO)

Greater Kashmir

Israeli airstrikes, shooting kill 82 Palestinians in Gaza: Authorities

0
Israeli airstrikes, shooting kill 82 Palestinians in Gaza: Authorities

Tel Aviv, July 03: Airstrikes and shootings killed 82 Palestinians in Gaza overnight, including 38 while attempting to get much-needed humanitarian aid, hospitals and the Health Ministry said on Thursday.

Israel’s military did not have immediate comment on the strikes Wednesday night and Thursday morning.

Five people were killed around sites associated with the Gaza Humanitarian Foundation, the newly created, secretive American organization backed by Israel to feed the Gaza Strip’s population, while 33 others were killed waiting for aid trucks in other locations across the Gaza Strip.

Greater Kashmir

Two injured as vehicle carrying Amarnath pilgrims meets accident in J&K’s Ramban

0
Two injured as vehicle carrying Amarnath pilgrims meets accident in J&K’s Ramban

Banihal, July 03: Two persons were injured on Thursday when a private car carrying Amarnath Yatra pilgrims en route to Srinagar from Jammu collided with another vehicle on NH-44 in the Ramsoo area of Jammu and Kashmir’s Ramban district, officials said.

An ambulance from PHC Ramsoo shifted the injured to Sub-District Hospital (SDH) Banihal, and the officials confirmed that both individuals are in stable condition.

The injured have been identified as Karthik Sharma (27), son of Govind Sharma, resident of Mansaror, Rajasthan, and Navin Kumar (35), son of Manpal, resident of Jaipur, Rajasthan.

Greater Kashmir

CBK files chargesheet against doctor over ‘fake’ MCI certificate, medical degrees

0
CBK files chargesheet against doctor over 'fake' MCI certificate, medical degrees

Srinagar, July 3: The Economic Offences Wing of Crime Branch Kashmir has filed a chargesheet before the Court of Chief Judicial Magistrate Srinagar against a Srinagar resident accused of securing employment at a government hospital using forged medical credentials.

According to a press release, the chargesheet in FIR No. 01/2023 under sections 420, 467, 468, 471, and 201 of the Ranbir Penal Code has been submitted against Numan Farooq Wani, son of Late Farooq Ahmad Wani, a resident of Abu Bakar Lane, Umarabad Zainakote, Srinagar. 

He is accused of submitting a fake Medical Council of India (MCI) registration certificate along with forged MBBS and MD documents at the time of his engagement at SKIMS Medical College and Hospital, Bemina.

The case, as per the handout, was initiated after the Economic Offences Wing received a complaint alleging that Wani had been fraudulently working as a doctor at SKIMS Bemina since December 2016, drawing a salary from the government exchequer based on forged documents. 

The complaint further alleged that the MBBS, MD certificates and registration documents purportedly issued by the MCI and State Medical Council were fake.

“Following a detailed investigation, the charges against Wani were found to be substantiated. The Crime Branch concluded the case as proved and submitted the final charge report for judicial determination,” added the release.

Greater Kashmir

SpiceJet clarifies no safety risk after interior window panel comes loose mid-flight

0
SpiceJet clarifies no safety risk after interior window panel comes loose mid-flight

Srinagar, July 3: A non-structural interior window frame on one of SpiceJet’s Q400 aircraft became loose during a flight and was found dislodged, the airline confirmed in an official statement.

#SpiceJet from Goa to Pune today. The whole interior window assembly just fell off mid-flight. And this flight is now supposed to take off and head to Jaipur. Wonder if it’s air worthy..” a passenger wrote on X.

SpiceJet emphasized that cabin pressurization remained stable throughout the journey, and passenger safety was never compromised. The loose component, described as a cosmetic trim used for shade, does not contribute to the aircraft’s structural integrity or pressure maintenance, the airline added.

“The Q400 aircraft features multiple window layers, including a pressure-bearing outer pane, ensuring continued safety even if a superficial panel is dislodged,” SpiceJet stated.

The incident gained attention after a passenger posted a video of the dislodged panel on social media platform X, raising concerns about the aircraft’s airworthiness.

Greater Kashmir

Search operation underway in J-K’s Kishtwar

0
Search operation underway in J-K's Kishtwar

Jammu, Jul 3: A search operation was underway on Thursday to track down two to three terrorists hiding in a forested area of Jammu and Kashmir’s Kishtwar district, officials said.

The cordon and search operation follows an encounter that broke out between terrorists and security forces in the heavily forested Kanzal Mandu area of the Kuchal-Chatroo belt on Wednesday night.

The operation is backed by drones and sniffer dogs, with the cordon further strengthened by additional reinforcements.

As per unconfirmed reports, one terrorist is believed to have been injured in the gunbattle, which continued this morning.

The encounter started when police, assisted by the Army and CRPF, launched a cordon and search operation in the Kuchal area of Chatroo around 7:45 pm on Wednesday following information about the presence of terrorists, they said.

The officials said the terrorists opened fire on noticing the search parties, leading to a gunfight which was continuing when last reports came in.

Reinforcements have been rushed to the area to maintain a tight cordon and neutralise the terrorists, who are affiliated with Pakistan-based Jaish-e-Mohammad outfit, the officials said.

According to reports, top terrorists Saifullah and Adil are believed to be operating in the hills of the district.

This is the second encounter in the Jammu region in the past one week. On June 26, a Pakistan-based JeM terrorist was killed in an encounter with security forces, and three of his associates escaped into the forested area of the Basantgarh belt of Udhampur district.

Greater Kashmir

SIA conducts searches in Bijbehara in migrant labourer’s killing case

0
SIA raids 20 locations across South Kashmir; busts sleeper cell modules

Srinagar, July 03: The State Investigation Agency (SIA) Kashmir carried out search operations at the premises of two suspects in the Bijbehara area of Anantnag in a case linked to the killing of a migrant labourer in April last year.

According to a statement, these searches were carried out as part of an ongoing investigation into the brutal killing of Raja Sah on April 17, 2024, in Bijbehara.

The statement reads the searches were aimed to uncover critical evidence to unravel the conspiracy behind this heinous crime and identify accomplices involved in the case.

“The searches yielded significant evidence that is expected to strengthen the investigation. These efforts will aid SIA Kashmir to bring the perpetrators of this terrorist act to justice and dismantle the terror module involved in such terrorist activities,” it reads.

It added the search operations are a crucial step toward identifying and apprehending the co-conspirators and supporters of the accused, ensuring a comprehensive probe into the murder and related unlawful activities. KNO)

Greater Kashmir

Social media accounts of Pakistani actors, cricketers banned again in India

0
Social media accounts of Pakistani actors, cricketers banned again in India

Srinagar, July 3: Multiple social media accounts of Pakistani celebrities and YouTube channels that were blocked in India during Operation Sindoor have been temporarily restored. This development comes after a recent government review found that several of these platforms had not shared anti-India content for a significant period.

As reported by the media, Instagram profiles of prominent actors including Mawra Hocane, Saba Qamar, Ahad Raza Mir, Yumna Zaidi, and Danish Taimoor were once again visible to Indian users on Wednesday. Additionally, YouTube channels belonging to former cricketers Shahid Afridi and Shoaib Akhtar were also made accessible.

Entertainment YouTube channels such as Hum TV, ARY Digital, and Har Pal Geo, which were previously blocked, were also made streamable in India again.

According to reports the All Indian Cine Workers Association (AICWA) intensified its demand for a permanent ban on all Pakistani entertainment content in India. In a fresh appeal to Prime Minister Narendra Modi, the association called for a complete shutdown, from social media and OTT to all forms of advertising and media collaborations.

Calling the reappearance of Pakistani celebrities “an emotional assault,” AICWA strongly criticised the development. The body referred to major terror attacks including 26/11, Pulwama, Uri, and the recent Pahalgam massacre where 26 civilians lost their lives. It condemned the silence of Pakistani artists and even their alleged anti-India comments after Operation Sindoor.

 

Greater Kashmir

Indian stock market opens higher, Sensex above 83,400

0
Indian stock market opens higher, Sensex above 83,400

Mumbai, July 03: The Indian benchmark indices opened higher on Thursday amid positive global cues, as buying was seen in the IT, pharma and auto sectors in the early trade.

At around 9.25 am, Sensex was trading 68.28 points or 0.08 per cent up at 83,477.97 while the Nifty added 19.30 points or 0.08 per cent at 25,472.70.

Analysts said they are only consolidating the bullish rectangle breakout and as long as the 25,200-25,270 area is protected, bulls are merely taking a breather.

“Under 25,200, we risk 25,000. On the upside, the recent swing high at 25,670 is where the bullish trigger lies,” said Akshay Chinchalkar, Head of Research, Axis Securities.

With the deadline for the US tariff pause expiring next week, it will be interesting to see if the current optimism globally holds up.

“Today is weekly derivatives expiry, so higher than usual volatility may be seen,” he added.

Nifty Bank was down 9.90 points or 0.02 per cent at 56,989.30 in early trade.

The Nifty Midcap 100 index was trading at 59,645.25 after declining 22 points or 0.04 per cent. Nifty Smallcap 100 index was at 18,969.35 after declining 7.75 points or 0.04 per cent.

Meanwhile, in the Sensex pack, Kotak Mahindra Bank, Bajaj Finance, Bajaj Finserv, BEL, Titan, Axis Bank, NTPC, SBI, HCL Tech and ITC were the top losers.

On the other hand, Eternal (earlier Zomato), Asian Paints, M&M, Infosys, Tech Mahindra, Maruti Suzuki and ICICI Bank were the top gainers.

The foreign institutional investors (FIIs) extended their selling on July 2 as they sold equities worth Rs 1,561.62 crore, while domestic institutional investors (DIIs) continued their buying as they bought equities worth Rs 3,036.68 crore on the same day.

In the Asian markets, Bangkok, China, Japan, Seoul and Jakarta were trading in green, whereas only Hong Kong was trading in red.

In the last trading session, Dow Jones in the US closed at 44,484.42, down 10.52 points, or 0.02 per cent. The S&P 500 ended with a gain of 29.41 points, or 0.47 per cent at 6,227.42 and the Nasdaq closed at 20,393.13, up 190.24 points, or 0.94 per cent.

Analysts said that the US-Vietnam trade deal indicates the eagerness of the US administration to strike as many trade deals as possible since deals with EU and Japan appear unlikely soon.

Greater Kashmir

- Advertisement -
Google search engine

Recent Posts