Rajouri contractors to go on hunger strike against payment delay

RAJOURI: The contractors at Rajouri have called for a hunger strike on Tuesday against the delay in payments by the Irrigation and Flood Control Department for the works that have been completed in 2011. The contractors who met under the chairmanship of district president Rajouri Ishfaq Ahmed Mirza saidf the protest will be held  in […]

Sebi says Sahara owes Rs 37,000 crore

NEW DELHI: In a statement that could make matters more difficult for jailed Sahara chief Subrata Roy, the Securities and Exchange Board of India (Sebi) told the Supreme Court that the sum owed by two group companies is more than Rs 37,000 crore. “According to the affidavit filed by the two companies, the principal amount […]

SBI to raise Rs 800-1200 crore by issuing shares to employees

KOLKATA: State Bank of India has proposed to offer share purchase scheme for all its employees which could raise additional equity capital, between Rs 800 crore and Rs 1,200 crore, for the country’s largest lender. “We are planning to offer employees share purchase scheme and not employees stock option scheme,” SBI Chairperson Arundhati Bhattacharya said […]

ICICI Pru Life launches new product

CHANDIGRAH: Private life insurer, ICICI Prudential Life Insurance has launched a unit-linked insurance product ‘ICICI Pru Guaranteed Wealth Protector’, a company release said. This unit-linked product will allow customers to protect their capital on maturity and have a potential for upside through an exposure to equities, it added. As per the company, the product provides […]

Hero to launch Disney-branded bicycles in India

NEW DELHI: World’s largest cycle maker Hero Cycles has launched a range of Disney- and Marvel-branded bicycles featuring characters like Mickey Mouse and Spiderman for kids aged 3-12 years. As part of the licensing agreement with Disney India’s Consumer Products arm, Hero Cycles will sell 12 models, priced between Rs 3,300 to Rs 4,500. These […]

Hoteliers demand moratorium period for construction of STPs

SRINAGAR: In the backdrop of the government’s plan to develop Sewerage Treatment Plants (STPs) in Srinagar city for waste management, the Valley hoteliers have demanded moratorium period and suspension of the ban on the operation of the hotels having more than 19 rooms and running without a STP. A delegation of hoteliers under the banner […]

Multi brand menswear showroom launched in Srinagar

Multi brand menswear showroom launched in Srinagar

Srinagar: A Multi brand menswear showroom, ‘Step Up Revolution’ was launched at Rajbagh, Srinagar on Thursday. Proprietor Aasim said the showroom provides all the latest fashion and best brands including, Lee, Levis, Spyker etc reasonable prices. Reader correspondentkashmirreader.com

Srinagar city gets first leisure gaming lounge

SRINAGAR: The city took a new stride in the gaming and leisure industry Thursday with the launch of a state-of-the-art leisure gaming lounge by a young entrepreneur promoted by Jammu and Kashmir Entrepreneurship Development Institute (JKEDI). Gamer Xone, spread over an area of about 400 square feet, is a console gaming lounge with latest devices […]

GoI announces passport service in rural areas through CSC

SRINAGAR: The Ministry of External Affairs, Government of India along with CSC e-Governance Services India Limited – promoted by the Department of Electronics and Information Technology (DeitY) – is all set to launch Passport related services through the vast network of over one lakh Common Services Centers (CSCs) across rural hinterland of India. The initiative […]

‘India economy to grow at 5.6% in 2014-15’

NEW DELHI: India is likely to grow by 5.6% in 2014-15 against a projected growth of less than 5% in the current fiscal, a report by India Ratings and Research has said. “The global economy in 2014 appears to be in a better shape than what it was in 2012 and 2013. India Ratings forecasts […]