Interim budget key for markets in near-term: Experts

NEW DELHI: Interim budget for 2014-2015, which the government will unveil on Monday, will set the tone for the stock markets in near-term, experts said. Besides, global cues, movement of rupee and investment pattern of foreign institutional investors (FIIs) will also be important for the domestic indices. Finance minister P Chidambaram will present the interim […]

Mobile phone tariffs likely to rise

NEW DELHI: Mobile phone tariffs are set to increase and freebies and discounts likely to be further brought down, leading mobile service providers made it clear today. The fresh spectrum purchases at the recent auction were being cited as one of the factors for the likely rise in tariffs. Marten Pieters, the CEO of the […]

HDFC Bank launches toll-free banking service

NEW DELHI: Private-sector lender HDFC Bank has launched its toll-free banking service which will help customers in carrying out six basic banking transactions just by dialling the numbers. Customers will receive an instant SMS with the information requested including mini statement and balance enquiry on their registered mobile number, said Nitin Chugh, HDFC Bank head […]

Bidding for privatisation of 6 airports deferred

NEW DELHI: Putting a question mark on the entire project of privatising six major airports developed by Airports Authority of India (AAI) including Kolkata and Chennai, the bidding process has been postponed once again till mid-March. This is the third postponement since November last year when the process was formally started. Problems have arisen on […]

Valley hoteliers hail ‘tourism-friendly’ budget

SRINAGAR:  The Valley hoteliers have welcomed the budget announcement by Finance Minister Abdul Rahim Rather terming it as ‘tourism friendly’. However, the hoteliers have urged government to provide industrial benefits also to the tourism sector for its promotion. In a joint statement, Kashmir Hotels and Restaurant Association (KHARA) and Kashmir Hotels and Restaurant Owners Federation […]

‘Reduce’ rating on Jammu and Kashmir Bank Ltd shares: Kotak Institutional Equities

We  have a ‘reduce’ rating on Jammu and Kashmir Bank Ltd and maintain our negative outlook. We roll forward our target price to R1,300 (from R1,250), which would imply 1x P/B and 6x EPS. We are less comfortable on the growth within J&K in segments like priority sector where we believe that the NPL risk […]

Employ locals in rail, power projects: J&K govt to implementing companies

Jammu: Minister for Planning, Labour and Employment, Ajay Sadhotra has asked the authorities of the companies executing Rail, Road and Power Projects in the State to evolve a system to benefit the families affected during project implementation besides engaging maximum locals in  skilled and unskilled jobs. This was stated by the minister while taking stock […]

SBI lowers retail deposit rates by up to 0.50%

NEW DELHI: State Bank of India, the country’s largest lender, has cut deposit rates by up to 0.50 per cent starting February 18. While deposit rates for maturities of three to five years have been lowered by 0.25 per cent, those for five years and above have been cut by 0.50 per cent, SBI said […]

Unattinainble budget projections

By AIJAZ LONE The Omer Abdullah lead J&K government seemed to be in much hurry to present the state budget for financial year 2014-15. Being the last budget of NC-Congress lead collation government, preparations were more glowing than financial realities of the state. The state economy in the past has faced challenges with regard to […]

Horticulture awareness camp held at Anantnag

Anantnag: Directorate of Horticulture in collaboration with chief horticulture officer Anantnag Saturday conducted one day awareness camp for fruit growers of the district here. The camp was chaired by Deputy Director Horticulture Planning. The experts from Krishi Vigyan Kendra Dooru, SKUAST and Horticulture department made the growers aware about the pre and post harvest management […]