NHPC directed to pay `5 lakh each to affected families in Kralpora

SRINAGAR: District Development Commissioner, Bandipora has asked the implementing agency (NHPC) of Kishan Ganga Hydroelectric Project to pay Rs 5 lakh to the families which have lost their properties at Kralpora village here, according to an official statement issued on Friday. To discuss various issues with regard to ongoing Kishan Ganga Hydroelectric Project at Kralpora-Bandipora, […]

India’s economy still stuck in a rut: HSBC

NEW DELHI:  India is “stuck in a rut” as weaker consumption and stalled investments prevent the economy from building any sort of momentum, HSBC said in a report Friday adding “slow recovery” could start post elections. According to the global financial services major, the year 2014 could thus prove to be a tale of two […]

Land settlement to be completed in 5 years: Govt

JAMMU: MoS Revenue, Relief and Rehabilitation, Ajaz Ahmed Khan Thursday said that settlement operations in the state would be completed within five years and all land records would be updated in the given time. He also said compensation has been paid in more than 80 percent land acquisition cases in the state. Winding up the […]

WhatsApp buyout to help Facebook expand presence in India

NEW DELHI: Its USD 19 billion buyout of WhatsApp will help Facebook expand footprint in emerging markets of Latin America and Asia, especially India, where the mobile instant messaging app is very popular. Founded in 2009 by Ukrainian Jan Koum and American Brian Acton, Mountain View (California)-headquartered WhatsApp is a Silicon Valley start-up with over […]

Ford inaugurates ‘Autowings’ sale service facilities in Srinagar, Anantnag

SRINAGAR: Committed to elevate the brand and ownership experience, Ford India Thursday augmented its sales and service network in the Kashmir valley with the inauguration of two facilities of Autowings Ford, a spokesperson of the company said here. “Of the newly inaugurated facilities in Srinagar and south Kashmir’s Anantnag town, Autowings Ford service facility at […]

Lal Path Labs to pay Rs 4 lakh to doc for wrongly diagnosing HIV+

NEW DELHI: Reputed diagnostic pathology lab, Dr Lal Path Labs, has been directed by a Consumer Forum here to pay Rs 4 lakh compensation to a paediatric specialist in an Army hospital for wrongly diagnosing her HIV positive nearly 11 years back. Noting that there were increasing number of complaints against the lab, New Delhi […]

GoI approves Rs 77 cr aid package for HMT

NEW DELHI: Government of India on Thursday announced a financial package of about Rs. 77.4 crore for the state-run HMT Limited and its subsidiary HMT Machine tools Ltd to make payments of salary, wages and statutory dues such as PF and gratuity to its employees. The decision to provide financial assistance to the two public […]

26,418 recruitments by SSRB in 5 years: Govt

Jammu: Finance Minister Abdul Rahim Rather Thursday said that 26418 job selections in different government department have been made out of 52638 posts referred to Service Selection Recruitment Board (SSRB) since 2009-10. Replying to a question by Abdul Gani Malik in the House, the finance minister informed that with the opening balance of 16659 posts […]

Valley based 2 business ventures selected among India’s top 30 student start-ups

SRINAGAR: Kashmir based business ventures, ‘IAC Software Solutions’ of Waleed Qureshi and ‘Daily Morning Times’, an Urdu newspaper of Syed Shafkat, have been selected among India’s Top 30 student start-ups. The list of top start-ups was announced over the weekend at an award ceremony held in a Bengaluru college. The TATA First Dot powered by […]

Maruti, Hyundai cut prices after excise duty reduction

NEW DELHI: The country’s biggest car makers, Maruti Suzuki IndiaBSE -0.61 % (MSI) and Hyundai Motor India, today cut prices after excise duty on automobiles was reduced in the Interim Budget. While MSI’s price cuts range between Rs 8,502 and Rs 30,984 across its models, Hyundai has slashed prices by between Rs 10,000 and Rs […]