Business

Nifty registers sharp recovery after Tuesday’s sharp fall
Business

Nifty registers sharp recovery after Tuesday’s sharp fall

Mumbai, Jan 24: From early morning low of 21,137, Nifty registered a sharp recovery of more than 340 points and finally ended the day with gains of 215 points to close at 21,465. Though NSE Cash market volumes were lower as compared to Tuesday, it remained higher as compared to recent averages, said Nandish Shah, Deputy Vice President, Retail Research, HDFC Securities. After Tuesday’s sharp fall, Nifty Midcap 100 and Smallcap 100 Indices recouped some of the losses, gaining by 1.80 per cent and 1.70 per cent, respectively. Advancing shares outnumbered the declining shares as advance decline ratio stood at 1.83 on BSE. All the sectoral Indices ended in the green except Nifty Private Banks. Among them, Nifty Media, Nifty Metal and Nifty Oil/Gas rose the most, Shah said. Meanwhi...
Dir Agriculture inaugurates programme on ‘Promotion of oilseeds’ under HADP
Business

Dir Agriculture inaugurates programme on ‘Promotion of oilseeds’ under HADP

Srinagar, Jan 24: The Director Agriculture Kashmir, Chowdhury Mohammad Iqbal today inaugurated two day capacity building programme (CBP) from January 24 to 25, titled ‘Untie the yield complexities for realising the yield potential in oilseed with special reference to rapseed’ under the ‘Promotion of oilseeds’ project of Holistic Agriculture Development Programme (HADP) at Agriculture Complex Lalmandi, Srinagar. Speaking at the inaugural session of the programme, Director Agriculture enumerated the initiatives by the department for the promotion of oilseeds in the region. He said that the department has already brought a large number of newer areas, lands under the cultivation of oilseed crops. He said that there is a vast potential for the promotion of oilseed crops in the regi...
SCHEAM India signs MoU with JKDCF
Business

SCHEAM India signs MoU with JKDCF

Srinagar, Jan 24: In a significant development, SCHEAM-India Holdings Pvt Ltd has inked a Memorandum of Understanding (MoU) worth Rs 73 crore with the Jammu and Kashmir Dairy Cooperative Federation (JKDCF) and agricultural cooperatives (FPOs). A statement said that this collaborative initiative aims to catalyze the development of dairy infrastructure and entrepreneurship in the Union Territory of Jammu, Kashmir, and Ladakh while fostering the growth of startups in the dairy cooperative sector. The MOU, formalised between Vikrant Dogra, Chairman of Jammu and Kashmir Dairy Cooperative Federation Limited (JKDCF) and UNATI Multistate Cooperative, and Nikhil Gowda Kedambadi of SCHEAM-India, reflects the commitment of both entities to harness the growing market opportunities for star...
DC Bandipora chairs weekly DLIC meeting of HADP
Business

DC Bandipora chairs weekly DLIC meeting of HADP

Bandipora, Jan 24: The Deputy Commissioner (DC) Bandipora, Shakeel Ul Rehman Rather convened a weekly DLIC meeting, here to review the progress of the Holistic Agriculture Development Programme (HADP) in the district. During the meeting, 117 cases of Agriculture Development and 310 cases of Animal Husbandry Department came up for consideration and after threadbare discussions, all cases of both the departments were approved by the committee. The meeting further deliberated to assess progress, identify challenges, and frame a course for accelerated implementation of the program for the benefit of the farmers community of the district. The DC took stock of the progress made under HADP since its launch, meticulously examining advancements in key areas like seed distribution, soil...
Ministry of MSME organises Entrepreneurship Awareness Programmes
Business

Ministry of MSME organises Entrepreneurship Awareness Programmes

Srinagar, Jan 24: In a significant effort to uplift the artisan community in aspirational districts, the Ministry of Micro, Small, and Medium Enterprises (MSME), through Br MSME DFO Srinagar in collaboration with the Handicrafts and Handlooms department, organized a series of Entrepreneurship Awareness Programs (EAP) covering locations such as Pattan Baramulla, Handwara, and Kupwara. A total of 200 artisans actively participated in these programs, demonstrating the keen interest and enthusiasm within the artisan community. Programme at Town hall Kupwara witnessed a significant boost with the presence of the Deputy Commissioner Kupwara, Ayushi Sudan who graced the occasion as the chief guest. She shared inspiring words with the women artisans, urging them to step forward and tak...
FM kicks off Interim Budget 2024 process with halwa ceremony in North Block
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FM kicks off Interim Budget 2024 process with halwa ceremony in North Block

New Delhi, Jan 24: The Halwa ceremony, marking the final stage of the preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Finance Minister Nirmala Sitharaman and Minister of State for Finance Dr. Bhagwat Kisanrao Karad. The customary Halwa ceremony is performed every year before the “lock-in” process of Budget preparation begins after which officials associated with the budget making exercise are not allowed to leave North Block. Like the previous three full Union Budgets, the Interim Union Budget 2024 will also be delivered in paperless form. It is to be presented on February 1, the Finance Ministry said. All the Union Budget documents, including the Annual Financial Statement (commonly known as Budget), Demand for Grants...
Gulmarg’s sledge pullers, vendors idle as snowless winter hits tourism
Business

Gulmarg’s sledge pullers, vendors idle as snowless winter hits tourism

Gulmarg (Baramulla), Jan 23: The horsemen, vendors, and sledge pullers warm themselves near a huge fire in the middle of a vast meadow in the nearly deserted ski resort of Gulmarg. During previous winters, they wouldn’t have time to even sit and have tea, but this year they have been without work most of the time, courtesy snowless winters. The zig-zag roads, with mountains on one side and the downslope on the other give a prelude to what is coming. The conical-pine trees which would normally be in a refreshing whitish green avatar, appear frail and less green. As one reaches the top and the zig-zag road ends, leading to the entry gate of the famous ski-resort, the bleak image continues. In winters, when one crossed the entry gate, the massive meadows blanketed with snow and ...
REC reports 13.6% rise in Q3 net profit at Rs 3,269 crore
Business

REC reports 13.6% rise in Q3 net profit at Rs 3,269 crore

New Delhi, Jan 23: Public sector Maharatna financial company REC Ltd on Tuesday reported a 13.6 per cent year-on-year increase in net profit to Rs 3,269.3 crore for the October-December quarter of the current financial tear. The company had posted a net profit of Rs 2,878 crore in the same quarter last year. REC also reported a net interest income (NII) of Rs 4,159 crore for the third quarter of 2023-24 which is 18 per cent higher than the corresponding figure of Rs 3,525 crore in the same quarter in the previous year. The finance corporation’s asset quality also improved during the quarter with gross non-performing assets (NPAs) declining to 2.78 per cent of total loans, from 3.14 per cent in the preceding quarter. The net NPA also improved to 0.82 per cent from 0.96 per cen...
DDC Shopian reviews progress on RIDF projects of NABARD
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DDC Shopian reviews progress on RIDF projects of NABARD

Shopian, Jan 23: The District Development Commissioner (DDC) Shopian, Faz lul Haseeb today chaired a meeting to review the status of projects funded under Rural Infrastructure Development Fund (RIDF) of NABARD in the district. DDM NABARD, Rouf Ahmed Zargar informed that 66 projects with total outlay of Rs. 266.46 Cr under different sectors are under execution in the district.The projects funded under RIDF of NABARD in the district include rural roads, bridges, water supply schemes, primary health centres, irrigation and flood control works, fruit mandis and works under Sheep/Animal Husbandry among others. DDC was also apprised on various issues related to fund flow, timely submission of Project Completion Certificates and Utilization Certificates. The DDC, while reviewing the ...
DDC Baramulla accords approval to 1852 applications under HADP
Business

DDC Baramulla accords approval to 1852 applications under HADP

Baramulla, Jan 23: In a concerted effort to effectively implement Holistic Agriculture Development Plan (HADP) in the district, the District Development Commissioner (DDC) Baramulla, Minga Sherpa today chaired a meeting of District Level Committee at the conference hall of the DC office here. Officers from various departments under the HADP, including Agriculture, Horticulture, Animal Husbandry, Sericulture, Fisheries, etc presented a thorough update on the current status of programme registrations across various individual heads, departmental approvals and project deployments. During the meeting, the DDC who is also the Chairman District Implementation Committee (DLIC), accorded approval to 1852 applications under HADP in favour of beneficiaries of Baramulla district. Speakin...