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| JK Bank braves current downswing in Indian markets Excelsior Correspondent Srinagar, Mar 19: J&K Bank has done exceptionally well and withstood the current .....more Kinetic
SYM launches Excelsior Correspondent JAMMU, Mar 19: Kinetic Motor India in collaboration with SYM, 1.1 billion dollar Taiwanese ....more TRAI ready for legal battle regarding unsolicited calls NEW DELHI, Mar 19: Telecom watchdog TRAI today said it will not step back from its ruling on unsolicited calls and is ready for a legal battle........more No tobacco product exempt from pictorial warning : Minister NEW DELHI, Mar 19: Health Minister Anbumoni Ramadoss clarified today that no tobacco product was exempted from the pictorial warning, but the mandatory depiction of skull and bone was made optional.....more |
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Six core infrastructure sectors grew by 4.2 pc in Jan NEW DELHI, Mar 19: Poor performance in almost all the core areas of the infrastructure sectors, including crude oil production power, cement and coal, ......more India’s
tobacco NEW DELHI, Mar 19: India’s tobacco exports to Russia have declined by over 92 per cent to 144 tons in February, compared .....more World Bank approves $600-mn loan to India’s Power Grid WASHINGTON, Mar 19: The World Bank has approved a USD 600 million loan to the Indian Government-run ......more Gur chakku eases on reduced offtake; others rule steady NEW DELHI, Mar 19: Barring a fall in gur chakku, prices generally ruled flat today in the absence of market moving factor.Marketmen said adequate stocks position against reduced offtake by stockists mainly brought down gur ....more |
JK Bank braves current downswing in Indian markets Excelsior Correspondent Srinagar, Mar 19: J&K Bank has done exceptionally well and withstood the current downswing in the Indian markets successfully. The bank has outperformed all its peers and competitors in the banking industry amid few minor market ‘corrections’. In the recent ‘bloodbath’, which has hit the Indian markets hard with banking industry in particular, the bank has managed to be somewhat resistant to the rampant downslide. According to the figures available, from February 15 to March 17, Bankex (indicator of price of bank stocks at BSE) was down by 3315 points (43.8%) and Bank Nifty (indicator of price of bank stocks at NSE) by 2824 pts. (43.08%). During this period, Sensex fell by 3306 pts registering capital losses to the extent of 22.32% and Nifty was down by 800 pts with 17.77% of capital losses respectively. For J&K Bank the fall in rupee terms is just 102 i.e. 16.83%, which reflects bank’s low fall even in comparison to the major indices of the country. Even as the leading private sector banks of India have experienced the steep fall in their indices ranging from 56.71% to 27.41%, the public sector banks also have not remained immune to the contagion of international downturn. During this period, two of the leading public sector banks have suffered capital losses to the tune of 40.34% and 35.9%. ‘Look inward’ has been the revised strategy of the bank following which the bank has raised its advance portfolio from Rs 2500 crores few years back to Rs 8000 crores in the State. And the incremental Credit –Deposit ratio in the State has already reached 124% this quarter (which means that for every Rs 100 raised as a deposit in the state, the bank has lend Rs 124). The bank’s performance both within the state and outside has witnessed a phenomenal boost in recent times, which is a healthy sign for all of its investors and stakeholders. Kinetic SYM launches gearless scooter "Flyte’’ Excelsior Correspondent JAMMU, Mar 19: Kinetic Motor India in collaboration with SYM, 1.1 billion dollar Taiwanese automotive giant, launched 125 cc gearless scooter "Flyte" in a ceremony held at Bharat Motors, Narwal Bala, here today. Neeraj Behl, regional manager, Kinetic Motor Company was the special guest on the launching ceremony. Bharat Bhushan, proprietor, Sushil Tagotra, managing director and Mohit Sharma, showroom manager were also present on the occasion. While speaking, Behl apprised that recently Flyte had bagged two "Scooter of the Year 2008 Award" by Overdrive and Business Standard Motoring, automotive publications. "Flyte is loaded with advance features such as 125cc, telescopic suspension, front fuelling, four-in-one anti-theft magnetic key, largest 22 litre storage space etc.", he added. He further said that Kinetic Motors was committed to evolve the scooter in India and their association with SYM was key for that. It is to mention that Flyte is based on the SYM X’Pro, SYM’s current international bestseller across 62 countries. TRAI ready for legal battle regarding unsolicited calls NEW DELHI, Mar 19: Telecom watchdog TRAI today said it will not step back from its ruling on unsolicited calls and is ready for a legal battle. TRAI had on Monday said the telecom service providers will have to pay up to Rs 5,000 for first unsolicited commercial call to the customers registered under ‘national do not call’ registry and up to Rs 20,000, in case of second or subsequent such non-compliances. Apart from this, the receiver will be paid Rs 500 for the first unsolicited call and Rs 1,000 for every subsequent such call. The notification also prescribed that the complaint regarding Unsolicited Commercial Communication (UCC) shall be made by the subscriber to the Service Provider within 15 days of the receipt of such call. The Authority had set up the National Do Not Call (NDNC) Registry in October last year to reduce the inconvenience to the telecom subscribers caused from the unsolicited tele-marketing calls. Till date, more than 8.3 million phone users have registered for in NDNC Registry, while about 13,600 telemarketers have got themselves registered with the Department of Telecommunication. (UNI) |
No tobacco product exempt from pictorial warning : Minister NEW DELHI, Mar 19: Health Minister Anbumoni Ramadoss clarified today that no tobacco product was exempted from the pictorial warning, but the mandatory depiction of skull and bone was made optional. Replying to questions on warnings on tobacco products in the Lok Sabha, he said the Cigarette and other Tobacco Products (Packaging and Labelling) Rules, 2006, were notified on July 5, 2006, and the provisions were to come into effect on February one, 2007. However, an amendment to this Act and the rules was carried out through a notification on September 29, 2007 whereby the mandatory depiction of skull and bone was made optional and the rules were revised accordingly. The revised rules had been notified on March 16 this year. "The decision regarding the date of implementation of the rules is pending as matter is subjudice in the Shimla High Court and will be decided during the next date of hearing on March 24," he said, while pointing out that no tobacco product was exempted from the pictorial warning. Dr Ramadoss said the Informationa and Broadcasting Ministry had issued a notification on February 25 this year, banning direct or surrogate advertisements on tobacco products and liquor in newspapers and on television. (UNI) SH RR DB1341 |
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India’s tobacco exports to Russia slips by 92 pc in Feb NEW DELHI, Mar 19: India’s tobacco exports to Russia have declined by over 92 per cent to 144 tons in February, compared to 1,576 tons in the same month last year, mainly due to Moscow imposing a ban on the commodity. "The ban has affected exports to Russia. Especially in February, the overseas sale has slided significantly," Tobacco Board Chairman J Suresh Babu said. The total exports flu cured Virgina (FCV) tobacco stood at 114 tons in February, against 1,576 tons in the corresponding period last year. While in value terms, exports slipped to Rs 36.01 lakh, from Rs 1235.08 lakh, the Board said. Russia, one of the top export destinations for Indian tobacco, had imposed a ban on Indian commodities including tobacco on January 28, after a dangerous pest was allegedly found in sesame seed imports. However, the ban was later lifted partially. FCV tobacco known for its lower nicotine and tar content has a major share in cigarette blends. Meanwhile, export to other countries like Belgium increased to 1,178 tons in February, from 843 tons in the same month last year, the Board said. The country’s total FCV tobacco export increased by 11 per cent to 1.13 lakh tons during the first 10 months of the current financial year, compared to 1.02 lakh tons in the previous year. India produces about 700 million kg of tobacco annually, out of which 30 per cent is FCV tobacco. On an average, 50 per cent FCV tobacco is used by the domestic cigarette industry, while the rest is exported. (PTI) ) |
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