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Hello Jammu News at 1:08:00 PM 0
Mumbai, Jun 22: The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries.
The 30-share index, which had lost 114.94 points in the previous session, fell by another 50.91 points, or 0.14 per cent, to 35,381.48 in early trade. 
Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 per cent.
The NSE Nifty also was quoting lower by 5.20 points, or 0.05 per cent, at 10,735.90.
Major losers included Coal India, Reliance Industries, Asian Paints, SBI, Adani Ports, Sun Pharma, IndusInd Bank, Yes Bank, PowerGrid, Bajaj Auto, Maruti Suzuki and HDFC Bank, declining up to 1.40 per cent.
According to traders, sustained selling by participants in line with a weak trend at other Asian markets following overnight losses at the Wall Street amid investor concerns about the trade dispute between the US and China dampened trading sentiments here.
Meanwhile, India will raise customs duty on 29 products, including almond, walnut and pulses, imported from the US as a retaliatory action against the tariff hike by Washington.
The duty hike would come into effect from August 4, the Finance Ministry said in a notification.
In Asia, Hong Kong's Hang Seng was down 0.15 per cent and Shanghai Composite shed 0.70 per cent in early trade today. Japan's Nikkei too fell 0.74 per cent.
The US Dow Jones Industrial Average ended 0.80 per cent lower yesterday. (PTI)
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Hello Jammu News at 9:02:00 PM 0

          JAMMU JUNE 14: In order to execute work for erection of poles and stringing of 33 KV line conductor for shifting of load from Janipur Grid to Barn Grid, the shutdown of 33 KV Barn Bhalwal-Thathar-Bantalab line, 33kv Purkhoo line and Gharota line is being observed.
          During the shutdown, the power supply to Nardni, Raipur, MES, Radio Station, CRPF, PHE, Local Batal, Telephone Exchange, Aux. Hospital, Bantalab, Purkhoo and Gharota shall remain affected on June 17 and 18 from 6 am to 12 noon.
          Similarly, to carry out the stringing work between Loc No. 35/1 to 35/2, the Shutdown of 11 KV Kulliyan feeder and 33 KV Badyal Brahmana feeder is also being observed.
          During the shutdown, the power supply to Kulliyan, Hotli, Thekrian, Narietc (R.S Pura) being fed from 11 KV Kulliyan feeder shall remain affected on June 17 from 6 am to 12 noon.
          Likewise, the power supply to Badyal Brahmana (R.S.Pura) being fed from 33 KV Badyal Brahmana feeder at R.S Pura shall remain affected on June 17 from 6 am to 12 noon.
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Hello Jammu News at 8:09:00 PM 0


SRINAGAR, JANUARY 20:  Minister of State for Medical Education and Power Development Department (PDD) today visited Alestang Grid Station and reviewed the ongoing work on transmission lines there.
During her visit, the Minister instructed for completion of transmission of 220/32 KVs, and 132/33 KVs by the end of this year, which is undertaken under Prime Minister's Reconstruction Plan (PMRP).
The Minister was informed that so far 70 percent work has been completed on the project worth Rs 78.5 crore. She impressed upon the officers to redouble their efforts for timely completion of the project.
She was also informed that tenders have been floated for completion of rest of the work, which will be carried out on a piecemeal basis.
Later the Minister also inaugurated mini-hall at the main office of PDD here, where departmental meetings, various forms of departmental training and other workshops would be held.
The Minister also issued instructions for the completion of 132/33 KV Chadoora Grid station this year. She asked for submission of DPRs for construction of grid station at Bijbehara as per CM’s instructions which she had issued during her public outreach programme.
Asiea also directed officers for the formulation of DPRs to augment 220/132 KV grid station at Delina from 160 MVA to 320 MVA, besides, augmentation of 132/33 KV grid station at Ahmedpora from 50 MVA to 100 MVA.

Commissioner Secretary PDD Hirdesh Kumar, Development Commissioner Power, Chief Engineer M&RE Kashmir, Chief Engineer S&O and other senior officers of PDD were present on the occasion.
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Hello Jammu News at 6:01:00 PM 0


New Delhi, Jan 10: The leading rating agency, Fitch Ratings has assigned Power Grid Corporation of India Ltd (POWERGRID) a Long-Term Local-Currency Issuer Default Rating (IDR) of 'BBB-', which is at the same level as its Long-Term Foreign-Currency IDR of 'BBB-'. It has said that the outlook is Stable. 
According to a release, Fitch assesses POWERGRID's standalone profile at 'BBB'. The company's IDRs are constrained by the 'BBB-' IDR of India, which owns 57.9 per cent (at end-September 2017) of the company. 
POWERGRID's rating benefits from the regulatory nature of more than 95 per cent of its revenue, which has no offtake risk as long as it meets regulatory operational benchmarks; 98 per cent availability for alternating current systems and 95 per cent for high-voltage direct-current systems. 
The company has maintained availability for both systems at well over 99 per cent (financial year ended March 2017 (FY17): 99.79 per cent). Revenue from existing operational transmission assets is based on a return on equity of 15.5 per cent and full pass-through of all fixed costs within regulatory norms, including interest charges. The latest five-year regulatory tariff period extends to FY19. 
It said that India's new transmission projects have only been awarded through tariff-based competitive bidding since 2011, except for certain projects of strategic importance, technical upgrades or urgent requirements, which are awarded directly to POWERGRID. 
POWERGRID has had 11 projects awarded through the bidding scheme and aims to complete 10 of them (one project has been discontinued) by 2020. Returns from tariff-based bidding projects are less protected than from existing operational assets under a cost-plus tariff model. 
However, Fitch does not expect these projects to account for more than 5 per cent of POWERGRID's revenue in the medium term; it had Rs 1.1 trillion of transmission projects in its pipeline at end-September 2017, with only INR180 billion of projects under the tariff-based bidding scheme. 
POWERGRID's ratings benefit from its strong market position. The company owns and operates around 85 per cent of India's inter-regional and inter-state electricity transmission network assets. POWERGRID commissioned Rs 320 billion of projects in FY17, exceeding Fitch's expectations, and plans total capex of about Rs 250 billion per year over the next three years. UNI
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Hello Jammu News at 12:45:00 PM 0

Mumbai, Nov 9: Snapping the downslide of last two sessions, the benchmark index of Bombay Stock Exchange (BSE) bounced back by 158 points to 33,376.62 in early trade on Thursday on fresh buying in Finance, Health Care, IT and Industrials stocks. 
The Nifty of National Stock Exchange (NSE) rose by 55 points to 10,358.65. The sensex registered intra day high and low at 33,463.80 and 33,298.86 respectively. The Nifty recorded intra day high and low at 10,368.45 and 10,331.45. The sectoral indices rose because of Finance, Health Care, IT and Industrials stocks. The gainers were Reliance Industries by 2.22 pc to Rs 908, Hind Unilever by 1.73 pc to Rs 1258.30, Asian Paints by 1.73 pc to Rs 1191.20 and SBI by 1.40 cpc to Rs 314.10. The losers were HDFC by 1.84 pc to Rs 1714.90, Powergrid by 1.44 pc to Rs 206.05 and Coal India by 0.60 pc to Rs 263.80. UNI
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