Business

Govt plans to roll out e-buses in all cities: Gadkari
Business

Govt plans to roll out e-buses in all cities: Gadkari

New Delhi, Mar 18: Minister of Road Transport and Highways Nitin Gadkari on Monday said that the government has plans to introduce electric buses in all Indian cities as well as some long routes such as Delhi-Shimla, Delhi-Chandigarh and Pune-Mumbai over the next five years. In an interview with NDTV Editor-in-Chief Sanjay Pugalia, the minister also said that the decline in battery prices will lead to travellers saving 30 per cent on fares and help bring down pollution. The minister pointed out that the cost of lithium-ion batteries has come down from $150 per kilowatt per hour to $112 as the segment has recorded a 350 per cent growth in the country. “When this comes down to $100, the operating cost will be the same as that of petrol and diesel vehicles,” the union minister s...
Cash volumes on NSE fall sharply as financial year-end nears
Business

Cash volumes on NSE fall sharply as financial year-end nears

Mumbai, Mar 18: The cash market volumes on the NSE fell sharply to Rs 0.79 lakh crore on Monday — the lowest since January 1, 2024 — ahead of the looming financial year-end, said Deepak Jasani, Head of Retail Research at HDFC Securities. Asian stocks advanced on Monday as Chinese industrial output and retail sales figures beat estimates and investors looked ahead to a slew of central bank decisions. The European markets started Monday with modest gains ahead of policy decisions this week by Japan’s central bank and the US Federal Reserve, Jasani said. Lately, the Nifty has not been able to hold on to the entire intraday gains. But at the same time, it is witnessing support from the lower levels, and could stay in the 21,905-22,204 band for the near term, he added. ...
Workshop on diagnostic techniques in livestock commences at SKUAST-K
Business

Workshop on diagnostic techniques in livestock commences at SKUAST-K

Srinagar, Mar 18: A one-week hands-on workshop on “familiarisation with molecular and other diagnostic techniques to counter challenges in livestock-rearing practices’ was inaugurated at Sher-e-Kashmir University of Agricultural Sciences and Technology of Kashmir Shuhama campus. The workshop is organised by the SKUAST-K’s Division of Veterinary Physiology, Faculty of Veterinary, Shuhama under the sponsorship of DST SERB’s Accelerate Vigyan scheme. More than 25 youth, postgraduate and PhD scholars from across the country are participating in this training programme. Head Division of Veterinary Physiology, Prof ZA Pampori, who is the convener of the training, highlighted the importance of training in diagnostic techniques to counter challenges in livestock rearing practices. Dir...
Narayana Murthy gifts Infosys stock worth over Rs 240 crore to 4-month-old grandson
Business

Narayana Murthy gifts Infosys stock worth over Rs 240 crore to 4-month-old grandson

New Delhi, Mar 18: India has probably seen its youngest millionaire in Ekagrah Rohan Murty – the four-month-old grandson of Infosys founder N.R. Narayana Murthy. According to a regulatory filing, Narayana Murthy has gifted shares worth more than Rs 240 crore to his grandson. Ekagrah Murty received 15 lakh shares, or 0.04 per cent stake, in Infosys. The 77-year-old Infosys founder gifted shares to his grandson in an off-market transaction. With this, Narayana Murthy’s holding in the IT bellwether fell to 0.36 per cent, or more than 1.51 crore shares. At the price of Rs 1,620 per share on Monday, Ekagrah Murty received a whopping Rs 243 crore. Narayana Murthy and his wife and now Rajya Sabha MP Sudha Murty became grandparents in November last year after their son Rohan Murty a...
Swift claims settlement relieves families of J&K Bank customers
Business

Swift claims settlement relieves families of J&K Bank customers

Srinagar, Mar 18: Extending a major relief to the affected families, J&K Bank facilitated the swift settlement of MetLoan & Life Suraksha (MLLS) insurance claims of its deceased borrowers who had their accounts in different branches of the Bank’s Udhampur Zone. The claims worth Rs 2.34 Crores have been paid to 48 families freeing them from the severe financial crisis. A statement said that the Bank’s Zonal Head (Udhampur) Rajesh Gupta and Zonal Head (Credit Life – PNB MetLife) Irfan Ali Zargar displayed the symbolic cheque of Rs 2.34 crore an amount that was handed over to the nominees/legal heirs of the deceased customers – in presence of Zonal Insurance Coordinator Raghuveer Singh, Branch Heads and other officials of the Bank and PNB MetLife including Regional Manager ...
PHDCCI organises GI product Mahotsav
Business

PHDCCI organises GI product Mahotsav

Srinagar, Mar 18: PHD Chamber of Commerce and Industry (PHDCCI) recently wrapped up a three-day GI product exhibition and conference, supported by the office of the Development Commissioner, Ministry of Micro, Small & Medium Enterprises, Government of India. The event, known as the GI Product Mahotsav, was a resounding success, bringing together key stakeholders in the industry for fruitful discussions and collaborations said Chairman PHDCCI Kashmir A P Vicky Shaw. The inaugural day of the event saw esteemed guests such as Vijay Kumar Bidhur, Divisional Commissioner Kashmir,  Mehmood Ahmad Shah, Director Agriculture Choudhary Muhammad Iqbal, and Director General Sericulture Ajaz Bhat grace the occasion with their presence. On the second day, the GI exhibition and conferenc...
RPPL,JK Tyre host maiden show run of Indian Racing Festival
Business

RPPL,JK Tyre host maiden show run of Indian Racing Festival

Srinagar, Mar 18: Racing Promotions Private Limited (RPPL), led by Hyderabad-based Akhilesh Reddy to host the exhilarating Indian Racing Festival has partnered with JK Tyre, a trailblazer in introducing diverse motorsport sub-cultures in India. This is a landmark moment in Indian motor racing history, with two of the biggest titans of Indian motorsport coming together to propel the sport to new heights. A handout said that the Indian Racing Festival 2024, comprising of the Indian Racing League (IRL), the FIA-backed Indian F4 Championship, and JK Tyre FMSCI National Racing Championship (JKNRC) is set to kick off later this year. The season will span five rounds for each class, comprising over ten races throughout the season. As part of the go-to-market approach aimed at promoti...
STARTUP MAHAKUMBH 202 4 : J&K startups showcase innovation, captivate investors
Business

STARTUP MAHAKUMBH 202 4 : J&K startups showcase innovation, captivate investors

New Delhi, Mar 18: Entrepreneurial spirits soared high as startups from the UT of Jammu and Kashmir showcased their innovative ventures at the prestigious Startup Mahakumbh-2024 here at Bharat Mandapam. Facilitated by the Jammu and Kashmir Entrepreneurship Development Institute (JKEDI), these startups exhibited a diverse range of solutions and services, reflecting the region’s burgeoning entrepreneurial landscape. The event served as a platform for budding entrepreneurs to network, collaborate, and gain insights into the evolving startup ecosystem. From cutting-edge technology to sustainable initiatives, the startups from Jammu and Kashmir demonstrated their resilience and commitment to driving economic growth and innovation in the region. Director Jammu and Kashmir Entrepren...
India’s auto industry will be number 1 in the world in next 5 years: Gadkari
Business

India’s auto industry will be number 1 in the world in next 5 years: Gadkari

New Delhi, March 18: Union Minister for Road Transport and Highways, Nitin Gadkari, on Sunday expressed confidence that the BJP-led NDA will get more seats than before in the upcoming Lok Sabha elections. He claimed that the BJP’s performance in the general elections would be on the basis of the works of Prime Minister Narendra Modi-led government, which, according to the Union Minister, are being appreciated by the people. In an exclusive interview with NDTV Editor-in-Chief, Sanjay Pugalia, the Union Minister said that India’s auto industry will be number one in the world in the next five years. “Currently, the size of the Indian automobile industry is Rs 12.5 lakh crore. The industry has so far created 4.5 crore jobs, and it pays maximum GST to the Centre and state governme...
Market volatility may lead to more correction in coming week
Business

Market volatility may lead to more correction in coming week

New Delhi, Mar 17: The week gone by was extremely volatile and choppy. We began with a correction. Then a corrective up move, followed by a sharp correction, yet another corrective up move and then yet another correction. Though markets gained on two of the five trading sessions and lost on three, the intensity of the fall has shaken the markets. It appears the momentum is lost and probably enough signals are available to indicate some more correction in the coming week. One normally associates Friday the 13th as an ill-omen. This time we had a double whammy where markets fell sharply on the 13th and then fell again the following Friday (March 15). So, in short the 13th and Friday individually hit the markets quite sharply. BSESENSEX lost 1,475.96 points or 1.99 per cent to c...