TRAI asks Aircel to generate UPC for customers’ number portability
New Delhi, Trying to put an end to the customers’ woes of not being able to switch Aircel numbers to other operators, the Indian telecom regulator on Tuesday issued a directive asking the company to generate Unique Port Code (UPC) that would facilitate mobile number portability (MNP). The Telecom Regulatory Authority of India (TRAI) has […]
How to fix India’s flawed banking system
February 26, 2018 To the collective dismay of the public, there is one more bank scam, which, not surprisingly, involves a public sector bank — Punjab National Bank. Nirav Modi, a flamboyant jeweller, and his uncle Mehul Choksi (a one-time favourite of foreign institutional investors) have allegedly pulled off a daring heist of over Rs […]
After PNB, Rs 3.9-bn Oriental Bank of Commerce scam hits banking sector
NEWDEHLI:-Another alleged fraudulent loan scam, involving Rs 3.90 billion, has emerged in the jewellery sector.The Central Bureau of Investigation (CBI) has registered a case against a Delhi-based jeweller on a complaint from government-owned Oriental Bank of Commerce (OBC).The lender has alleged the firm, Dwarka Das Seth International, cheated the bank with the help of some of its officials, using […]
Kunan Poshpora mass rape was used as war weapon by forces: Mirwaiz
Srinagar, ): Hurriyat Conference (M) chairman, Mirwaiz Umar Farooq on Friday said it has been 27 years when in the twin villages of Kunan and Poshpura in Kupwara the most reprehensible crime against humanity, mass rape, was used as a war weapon by the Indian soldiers against the women and girls in both the villages […]
Sensex rises 323 pts, reclaims 34,000-mark
February 23, 2018 The BSE Sensex on Friday reclaimed the 34,000-level, surging about 323 points to end at a one-week high of 34,142.15 as March derivative series got off to a strong start amid a firming trend on other Asian bourses. In addition, the rupee rising to to 64.76 against the US dollar (intra-day) and […]
Kashmir Arts Business Houses meet buyers from 108 countries at Expo Mart in New Delhi
New Delhi: Businesspersons, entrepreneurs and artisans from Kashmir are participating in the ongoing Expo Mart at Greater Noida in New Delhi. The Expo Mart will go on for four days. On the first day, local artisans and businessmen showcased traditional Kashmir Arts including shawls, carpets, wood carving and copper ware. Buyers and sellers from 108 countries […]
Jammu and Kashmir Bank NPAs touches Rs 1,149 cr with Mehul Choksi’s Gitanjali Gems dues standing at Rs 150 cr
Srinagar: The Jammu and Kashmir Bank has faced massive losses after some big companies failed to pay back the loans with Mehul Choksi-owned Gitanjali Gems alone owing to the state-run bank over Rs 150 crore. A Jammu and Kashmir Bank spokesperson said that a business account of M/S Gitanjali Gems was in its Fort Business […]
JK Bank Convenes 107th SLBC
Jammu, FEB 21: J&K Bank today convened 107th meeting of J&K State Level Bankers’ Committee (SLBC) here at the conference centre of Hotel Radisson Blu, Jammu. The meeting was presided over by Mr. B. B. Vyas, Chief Secretary J&K Government. Other prominent dignitaries who attended the meeting included Financial Commissioner, Housing & Urban Development Department Mr. K. […]
Non-predatory rules: Jio is once again the gainer
February 21, 2018 The non-predatory tariff rules announced by sectoral regulator Trai could adversely impact incumbent operators like Bharti Airtel, Vodafone and Idea Cellular as the new norms restrict their pricing flexibility, whereas new entrant Reliance Jio will be left untouched at least till the time it achieves a market share of 30 per cent. […]
JK Bank organizes ‘Digital Banking System’ workshop at Bandipora
BANDIPORA, FEBUARY 19: The Jammu and Kashmir Bank today organised a day-long workshop on ‘Digital Banking System’ at Bandipora. The workshop was attended by Drawing and Disbursing Officers (DDOs) of various departments. The Chief Planning Officer, Abdul Majeed presided over the workshop while as bank officers and other coordinated staff were present on the occasion. […]
