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Hello Jammu News at 1:24:00 PM 0

Mumbai, Aug 10: Retreating from its lifetime high, the BSE Sensex dropped 106 points in opening trade today on profit-booking in recent gainers amid a weak trend at other Asian markets.

The 30-share barometer fell by 106.02 points or 0.27 per cent to 37,918.35, with banking, PSU, metal, realty and FMCG stocks falling up to 0.30 per cent.

The gauge had gained 358.57 points in the previous two sessions.

Brokers said apart from profit-booking at record levels, a weak trend at other Asian markets following overnight losses on Wall Street dented the trading sentiment.

The wider NSE Nifty too receded from its record level and slipped 29.05 points, or 0.25 per cent to 11,441.65.

SBI, Coal India, HDFC, Sun Pharma, RIL, Tata Steel, Axis Bank, Tata Motors, HDFC Bank, IndusInd Bank, Wipro and Bajaj Auto were trading in the negative zone, falling up to 1.53 per cent.

Meanwhile, domestic institutional investors (DIIs) sold shares worth a net Rs 85.39 crore, while foreign portfolio investors (FPIs) bought shares worth Rs 370.68 crore yesterday, provisional data showed.

Asian stocks slipped as investors assessed the impact of the latest tit-for-tat in the US-China trade war.

Hong Kong's Hang Seng was down 0.40 per cent, Japan's Nikkei shed 0.53 per cent and Shanghai Composite Index fell 0.15 per cent.

The US Dow Jones Industrial Average ended 0.29 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 12:39:00 PM 0

Mumbai, Aug 1: Breaking all previous records, the BSE Sensex advanced by over 80 points to hit a new peak of 37,690.23, while the Nifty scaled a fresh high of 11,378.95 in opening trade ahead of the Reserve Bank's bi-monthly policy meet outcome due later in the day.

The 30-share index surged 83.65 points, or 0.22 per cent, to an all-time high of 37,690.23.

The gauge had gained 1,110.21 points in the previous seven record-setting sessions and closed at an all-time high of 37,606.58 points in the previous session.

The broader NSE Nifty too hit a new high by rising 22.45 points, or 0.19 per cent, to 11,378.95.

All sectoral indices led by oil & gas, FMCG, PSU, metal and banking stocks rose up to 0.95 per cent.

Brokers said investors were seen raising bets ahead of the monetary policy announcement, and foreign institutional investors too showed buying interest.

Shares of Bajaj auto, Vedanta, TCS, Bharti Airtel, Kotak Bank, IndusInd Bank, M&M, ITC, SBI, Maruti Suzuki, Asian Paints, RIL, Coal India, Axis Bank and Yes Bank, rose up to 1.64 per cent.

Among the top losers were Tata Motors, Axis Bank, NTPC, Infosys and HDFC, falling up to 3 per cent.

Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net of Rs 572.21 crore, while domestic institutional investors (DIIs) sold shares worth a net of Rs 290.87 crore yesterday, provisional data showed.

Asian stocks edged higher, following overnight gains in Wall Street, as a report of attempts to renew talks between the US and China eased trade war fears, but investors will be keeping a close eye on US Fed policy outcome due today.

Japan's Nikkei rose 0.54 per cent, Hong Kong's Hang Seng edged up 0.35 per cent and Shanghai Composite Index rose 0.21 per cent in early trade.

The US Dow Jones Industrial Average ended 0.43 per cent higher yesterday. (PTI)
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Hello Jammu News at 12:20:00 PM 0

Mumbai, Jul 25: The benchmark Sensex turned volatile after hitting a new high of 36,928.06 in early session as investors turned cautious ahead of July futures and options (F&O) expiry amid mixed quarterly earnings.

The 30-share index rose by 102.97 (rpt) 102.97 points, or 0.27 per cent, to hit a new high of 36,928.06, bettering its previous intra-day record of 36,902.06 hit yesterday.

However, the index soon turned choppy and was trading 16.05 points, or 0.04 per cent, higher at 36,841.15 at 0940 hrs.

The gauge had rallied 473.87 points in the previous three sessions.

The 50-share NSE Nifty too turned cautious and was trading 4.40 points, or 0.04 per cent, lower at 11,129.90.

Sentiment remained cautious ahead of July series F&O expiry scheduled tomorrow amid mixed quarterly earnings, brokers said.

Prominent gainers were Vedanta, Hero MotoCorp, Tata Steel, Adani Ports, ONGC, Sn Pharma, SBI, Bajaj Auto, Tata Motors, HDFC, Wipro, L&T and PowerGrid, rising up to 1.92 per cent.

Top losers include Bharti Airtel, Asian Paints, NTPC, Coal India, Maruti and TCS falling up to 2 per cent.

Meanwhile, on a net basis, foreign funds bought shares worth Rs 104.34 crore, while domestic institutional investors made purchases worth Rs 513.78 crore yesterday, provisional data showed.

Elsewhere in Asia, Shanghai Composite Index rose 0.09 per cent, Hong Kong's Hang Seng was up 0.85 per cent, while Japan's Nikkei gained 0.54 per cent in early deals.

The US Dow Jones Industrial Average ended 0.79 per cent yesterday. (PTI)
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Hello Jammu News at 4:56:00 PM 0

New Delhi, July 23: Banks and financial institutions, including SBI, PNB and LIC today entered into an overarching inter-creditor agreement (ICA) to fast track resolution of stressed assets of Rs 50 crore or more which are under consortium lending.

The ICA is being signed by 22 public sector banks (including India Post Payments Bank), 19 private sector banks and 32 foreign banks. Besides, 12 major financial intermediaries, like LIC, HUDCO, PFC and REC are also signatories to the pact, according to the agreement.

Under the pact, which is part of project 'Sashakt', each resolution plan will be submitted by the lead lender to an Overseeing Committee.

"The lead lender that is the lender with the highest exposure shall be authorized to formulate the resolution plan, which shall be presented to the lenders for their approval," an official statement said.

Under the ICA framework, the decision making will be by way of approval of 'majority lenders', those with 66 per cent share in the aggregate exposure.

Once a resolution plan is approved by the majority lenders, it will be binding on all the lenders that are a party to the ICA, it said.

Each resolution plan that is formulated in terms of the ICA shall be in compliance with the RBI circular and all other applicable laws and guidelines, it said.

"The operating guidelines for functioning of the Overseeing Committee including the terms of reference shall be as approved (and amended from time to time) by 66 per cent by number of the Lenders that are a party to this Agreement," it said.

The lead lender will submit the resolution plan along with the recommendations of the Overseeing Committee to all the relevant lenders.

The framework authorises the lead bank to implement a resolution plan in 180 days and the leader would then prepare a resolution plan including empanelling turnaround specialists and other industry experts for operation turnaround of the assets within RBI's stipulated time-frame of 180 days.

"Pursuant to the recommendations of Sunil Mehta Committee and under the aegis of Indian Banks' Association (IBA), an Inter-creditor Agreement (ICA) has been prepared which shall serve as a platform for the banks and financial institutions to come together and take joint and concerted actions towards resolution of stressed accounts," the statement said.

The agreement has been approved by boards of respective lenders.

The non-performing assets (NPAs) or bad loans in the banking sector crossed Rs 9 lakh crore at end-December 2017 and the Reserve Bank of India has warned of further worsening of the situation.

"Each of the relevant lenders appoint the lead lender to act as its agent under and in connection with the formulation and implementation of any resolution plan in the manner contemplated in this agreement," the statement said.

In case a lender dissents, the lead lender will have the right but not the obligation to arrange for buy-out of the facilities of the dissenting lenders at a value that is equal to 85 per cent of the lower of liquidation value or resolution value.

The dissenting lenders can exercise such right of buy-out in respect of the entire facilities held by other relevant lenders, it said.

This agreement will be terminated in case there is any guidance or prescription from the RBI or any other regulatory or governmental authority to terminate it. (PTI)
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Hello Jammu News at 12:20:00 PM 0

Mumbai, Jul 12: The benchmark Sensex jumped over 250 points to hit a record high of 36,525.66 points in early trade today, ahead of the release of key macroeconomic data amid fresh foreign capital inflows.

The 30-share index rose by 259.73 points, or 0.72 per cent, to hit a new high of 36,525.66, surpassing its previous intra-day record of 36,443.98 hit on January 29.

The gauged had gained 691.38 points in the previous four sessions, powered by a sharp rally in IT bellwether TCS following strong quarterly results.

The 50-share NSE Nifty rose 77.35 points, or 0.71 per cent, to 11,025.65.

An appreciating rupee, heavy buying by domestic institutional investors (DIIs) and encouraging start to the earnings season contributed to the uptrend, brokers said.

Investors are also optimistic ahead of the release of index of industrial production (IIP) and inflation data, scheduled to be released later in the day, they added.

Banking stocks were the biggest sectoral gainers led by BoB rising up to 2 per cent followed by SBI, Yes Bank, ICICI Bank, Axis Bank, HDFC Bank and IndusInd Bank.

Shares of Reliance Industries was trading 2 per cent higher at Rs 1,057.05.

Other prominent gainers include Maruti Suzuki, HUL, Kotak Bank, HDFC, Coal India, ITC and Bajaj Auto, rising up to 1.17 per cent.

Meanwhile, foreign funds bought shares worth a net of Rs 636.27 crore, while DIIs made purchases worth a net of Rs 15.33 crore on yesterday, provisional data showed.

Asian stocks were trading higher, after Brent crude recovered from its biggest one-day fall in two years.

Shanghai Composite Index rose 1.79 per cent, Hong Kong's Hang Seng 0.65 per cent, while Japan's Nikkei was trading 1.21 per cent higher in early deals.

US stocks, however, fell yesterday amid renewed tensions over global trade and geopolitics. The US Dow Jones Industrial Average ended 0.88 per cent lower last night. (PTI)
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Hello Jammu News at 12:14:00 PM 0

Mumbai, Jul 10: The benchmark Sensex advanced by over 200 points to reclaim the 36,000-mark in early trade today led by gains on IT, realty and capital goods counters, ahead of key quarterly results scheduled later in the day.

The 30-share index rose for the third straight day by gaining 203.87 points, or 0.57 per cent, at 36,138.59 in early trade.

IT, realty, capital goods, oil and gas, metal, tech, auto, PSU, power and banking stocks led the upward movement, by rising up to 1.16 per cent.

The gauge had gained 360.17 points in the previous session two sessions.

The NSE Nifty also recaptured the 10,900 mark. The index was trading higher by 61.85 points, or 0.57 per cent, at 10,914.75.

Support came from key stocks such as Yes Bank, RIL, Adani Ports, HDFC Bank, Bajaj Auto, SBI, Bharti Airtel, Tata Motors, ICICI Bank, Tata Steel, NTPC, Maruti, Tata Steel, Infosys, Coal India, L&T and HDFC, rising up to 1.72 per cent.

Traders said widening of bets by investors ahead of Q1 numbers from IndusInd Bank and TCS, amid sustained buying by domestic institutional investors (DIIs) influenced market sentiment.

TCS shares rose 0.65 per cent to Rs 1,900, while IndusInd Bank fell 0.17 per cent to Rs 1,951.35.



Meanwhile, DIIs bought shares worth a net of Rs 740.39 crore, while Foreign institutional investors (FIIs) sold shares worth a net of Rs 569.91 crore yesterday, provisional data showed.

Overseas, most Asian stocks rose amid optimism over the upcoming earnings season, that is expected to be sufficiently robust to overshadow a rise in trade tensions.

Hong Kong's Hang Seng rose 0.41 per cent, Japan's Nikkei gained 0.94 per cent, while China's Shanghai Composite Index shed 0.06 per cent.

US equities rose yesterday, as investors set aside concern about escalating trade tensions and rising political tension abroad to focus on the coming earnings season.

The US Dow Jones Industrial Average ended 1.31 per cent higher on yesterday. (PTI)
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Hello Jammu News at 12:11:00 PM 0

Mumbai, Jul 9: The benchmark Sensex today rose over 200 points, while Nifty reclaimed the 10,800-mark on widespread buying in metals, auto, IT and banking counters, amid firm Asian cues and a strengthening rupee.

The 30-share BSE Sensex jumped 244.84 points, or 0.69 per cent, to 35,902.70. The gauge had gained 83.31 points in the previous session on Friday.

All sectoral indices, led by metal, auto, infrastructure, power, capital goods, healthcare and bankex, were in the green, rising up to 1.61 per cent.

The NSE Nifty recaptured the key 10,800-level by rising 68.35 points, or 0.63 per cent, to 10,841.00.

Major gainers were Tata Steel, Vedanta, Yes Bank, Tata Motors, RIL, M&M , Asian Paints, ICICI Bank, Axis Bank, Bajaj Auto, Power Grid, Coal India, Maruti Suzuki, NTPC, L&T, SBI, IndusInd Bank, Bharti Airtel, and Infosys, gaining up to 1.85 per cent.

Investors are also looking forward to the quarterly results of IT majors TCS and Infosys that will kick-start the earnings season later this week.

TCS was trading lower by 1.28 per cent at Rs 1,888.80, while Infosys was up 0.62 per cent at Rs 1,292.40.

Asian shares rose tracking gains on Wall Street after the release of strong jobs data for June, which muffled the impact of an escalating US-China trade dispute.

Rupee rose by 30 paise to trade at 68.57 against the US dollar at the forex market, fuelling the uptrend in domestic equities.



Brokers said besides fresh buying by domestic institutional investors (DIIs), a firm trend at other Asian markets influenced sentiments.

DIIs bought shares worth a net of Rs 1,480.82 crore, while foreign portfolio investors (FPIs) sold equities to the tune of Rs 968.18 crore on Friday, provisional data showed.

Globally, Hong Kong's Hang Seng rose 1.61 per cent, Japan's Nikkei gained 3.11 per cent, while China's Shanghai Composite Index advanced 1.65 per cent.

The US Dow Jones Industrial Average ended 0.41 per cent higher on Friday. (PTI)
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Hello Jammu News at 7:16:00 PM 0

SRINAGAR, JULY 07: Divisional Commissioner Kashmir today said that in case of restrictions, the admit cards of the candidates appearing for Probationary Officers (PO) examination of State Bank of India scheduled on July 08, 2018 at various centres of Kashmir Division shall be considered as curfew/movement pass on the day.
The Div Com has asked the district administrations in the division to extend all possible help including transport to candidates appearing for the said examination and set up a helpline in this regard in their respective jurisdictions.
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Hello Jammu News at 1:38:00 PM 0
New Delhi, Jul 6 : Indian banks are working very closely with the UK authorities to recover maximum out of assets owned by Vijay Mallya after a British court allowed them to search and seize properties of the fugitive liquor baron, SBI MD Arijit Basu said today.

"We are very happy with the court order and with this kind of order we should be able to go after this assets," he told reporters here.

Without giving a specific number, he said "we hope to recover significant part our money".

The UK Enforcement order is worldwide freezing order and Indian banks are looking at recovering entire debt, he said, adding that banks are working very closely with the authorities and have appointed valuer.

SBI is the leader of consortium of 13 banks that lent money to Mallya's now defunct Kingfisher Airlines.

Asked about recovery in India, Basu said, the consortium has recovered Rs 963 crore from auction of Mallya's Indian assets.

Recently, a UK High Court judge has issued an enforcement order in favour of a consortium of 13 Indian banks, seeking to recover funds owed to them by beleaguered liquor baron Mallya who is fighting extradition to India on fraud and money laundering charges worth nearly Rs 9,000 crore.

It permits the officer and his agents entry to Ladywalk and Bramble Lodge in Tewin, Welwyn, where Mallya is currently based. However, it is not an instruction to enter, which means the banks have the option to use the order as one of the means to recover estimated funds of around 1.145 billion pounds.PTI
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Hello Jammu News at 1:10:00 PM 0

Mumbai, Jun 29: Reversing a two-session slide, the benchmark BSE Sensex rose over 200 points and the Nifty reclaimed the 10,600-mark in early trade today on fresh buying by investors as the July derivatives contracts started on a strong note amid recovery in the rupee.

The 30-share Sensex bounced back by 200.13 points, or 0.57 per cent, at 35,237.77.

All the sectoral indices, led by metal, oil and gas and consumer durables, were in the positive zone, rising by up to 2.03 per cent.

The NSE Nifty went up by 63.15 points, or 0.60 per cent, to 10,652.25.

Brokers said building up of bets following the beginning of the July futures and options (F&O) series coupled with a firming trend at other Asian markets and overnight gains at Wall Street influenced trading sentiment here.

Besides, the rupee recovering from its record low and easing crude oil prices supported the recovery, they added.

Prominent gainers included Tata Steel, SBI, ONGC, Vedanta, RIL, L&T, Sun Pharma, ICICI Bank, Tata Motors, Coal India, Bajaj Auto and Yes Bank, rising up to 2.43 per cent.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 442.64 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 951.51 crore yesterday, as per provisional data.

In Asia, Hong Kong's Hang Seng was up 1.08 per cent, Japan's Nikkei rose 0.03 per cent while Shanghai Composite Index advanced 1.20 per cent cent in early trade today.

The US Dow Jones Industrial Average ended 0.41 per cent higher yesterday. (PTI)
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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 1:49:00 PM 0

Mumbai, Jun 14: Equities slipped back into the red today after a three-day winning run as investors turned cautious following US Federal Reserve's rate hike.
The BSE 30-share Sensex fell by 126.09, or 0.35 per cent to quote at 35,613.07 in early trade, with IT, PSU, oil and gas, teck, banking and realty indices trading in the negative zone.
The Sensex had gained 295.49 points in the last three sessions.
The NSE Nifty too slipped by 35.95 points, or 0.33 per cent, to 10,820.75.
Brokers said caution prevailed after the US Fed raised its key interest rate by 0.25 per cent yesterday, the second increase of the year, and signalled two more hikes in 2018 and four in 2019.
Laggards included Wipro, Axis Bank, TCS, NTPC, SBI, Reliance Industries, ICICI Bank, Adani Ports, Coal India, Asian Paints, Kotak Bank, IndusInd Bank, Hero MotoCorp and L&T, falling by up to 1.08 per cent.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 70.77 crore, while domestic institutional investors (DIIs) bought equities worth Rs 486.78 crore yesterday, as per provisional data.
In the Asian region, Hong Kong's Hang Seng was down 0.75 per cent, Japan's Nikkei fell 0.47 per cent and Shanghai Composite Index shed 0.28 per cent in early deals today.
The US Dow Jones Industrial Average ended 0.47 per cent lower in yesterday's trade. (PTI)
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Hello Jammu News at 8:38:00 PM 0


LEH, JUNE 2: As per General Manager District Industries Centre Leh, Deputy Commissioner/CEO, LAHDC Leh Avny Lavasa who is also the Chairman District Level Task Force (DLTFC) chaired a meeting of DLTFC to clear the financial assistance cases of Khadi Village and Industries Board (KVIB) under the Prime Minister Employment Generation Programme (PMEGP).
A total of 32 PMEGP loan cases were placed before the DLTFC for consideration by the committee, out of which 29 cases have been approved. The approved cases will generate employment opportunity to local unemployed youths of the district.
The meeting was convened by the Convener DLTFC/ General Manager, DIC Tsering Dolma and was also attended by LEAD Bank Manager, SBI Leh Abdul Rashid, Zonal Head J&K Bank Leh Tsewang Dorjey, District Officer KVIB G. M. Mir, Manager SC/ST Stanzin Pasang, District Youth Coordinator NYK Tajammul Aara, and Superintendent ITI Leh Abid Hussain.

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Hello Jammu News at 8:04:00 PM 0


New Delhi, Apr 3: State Bank of India (SBI) has revamped its training system to make it more relevant to the fast-changing external environment. 
SBI has 60 training institutes spread across the country and trains 4200 employees per day. In order to focus on specialisation, SBI has verticalized their six Apex Training Institutes (ATIs) at Hyderabad, Kolkata, Gurugram and Indore centres into domain specific Institutes. Under the new training system SBI will be re-skilling their 2.60 lakh employees through customised role based certifications. 
According to SBI statement, for strengthening and development of its leadership pipeline, SBI has devised and rolled out a competency framework and conducting online competency assessment and 360 degree feedback for around 1100 top executives of the Bank. This would help Bank in identifying their training needs and facilitate holistic development of their Leaders and also of other Banks.
Bank also has entered into partnership with two of the leading executive education providing institutes for rolling out co-branded Leadership Development programmes at State Bank Institute of Leadership (SBIL), Kolkata, which will serve as the flagship institute for training top executives in the BFSI sector. UNI
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Hello Jammu News at 6:38:00 PM 0


Chennai, Mar 22: Officials of the CBI sleuths on Thursday arrested Kanishk Gold Private Limited (KGPL) Promoter and Director Bhoopesh Kumar Jain, for allegedly cheating banks to the tune of Rs 824.15 crore. 
His wife Neeta Jain too was being questioned, sources said.
The CBI has registered cases against KGPL, Bhoopesh, Neeta, KGBL partners Tejraj Achha ( Partner of Achha Associates) , Ajay Kumar Jain (Partner of M/s Ajay and Company) and Sumit Kedia (Partner of M/s AK Lunawath and Associates) and unknown public servants unknown others on a complaint from State Bank of India (SBI) on behalf of a consortium of 14 banks, on the allegations of cheating the consortium to the extent of Rs.824.15 crore. 
It was alleged that the Chennai based private company was in the business of manufacturing gold jewellery, which was marketed under a brand name, and used to sell its jewelery to various retail jewellers. 
The company was getting credit facilities from 14 banks led by SBI. The nature of the limit was Working Capital facility sanctioned to the tune of Rs.747 crore. 
This apart, the company had also availed certain Term Loan limits from SBI. 
It was also alleged that there was falsification of records and the removal of the stocks which was secured to the lenders and there were anomalies in the financial statements like in the quantity of stock carried forward to the next year, anomaly in the sales register, diversion of funds and unusual transactions with the related parties.
CBI conducted searches at the residences and offices of KGBL, its promoters and other accused since last evening and arrested Bhoopesh. 
Meanwhile, the SBI officials also pasted a notice to auction the house of Bhoopesh in the Kothari Road at Nungambakkam in the city. The process will start soon, sources said. CBI sources said the investigation was continuing. UNI
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Hello Jammu News at 2:58:00 PM 0



Srinagar, Feb 13: A CRPF jawan was martyred and two Lashkar-e-Toiba (LeT) militants, who were holed up in a building near battalion headquarters of CRPF in Karan Nagar area of Srinagar, were killed in more than 27 hour-long encounter with security forces.
The martyred jawan was identified as Mujahid Khan. The encounter ensued after alert sentry foiled a fidayeen attack on their camp early on Monday.
'Both the militants have been killed. The operation to sanitise the area is still going,' official sources told on Tuesday.
They said that with the first light, security forces launched an assault on the building where the militants were holed up for the past 24 hours.
They said security forces used UBGL and mortars besides explosives to blast the concrete under construction building as militants were often changing their position from one room to another. Intermittent firing could be heard during the night.
A resident said that firing started at 0615 hrs. 'We also could hear loud explosion near the site of encounter,' he said.
A group of two militants made an unsuccessful attempt to enter the battalion headquarters of CRPF when they were challenged by an alert sentry on the main gate. However, the militants managed to escape and entered a nearby building, a senior CRPF officer said. The area was immediately cordoned off after additional security forces and Special Operation Group (SOG) of Jammu and Kashmir police were rushed from different areas.
The contact was established with the militants holed up in the building at 0930 hrs on Monday when security forces opened fire.
The entire area has been cordoned off. All roads, in the area have been closed for any traffic or pedestrian movement. The main road to downtown, including SMHS hospital from civil lines, has been closed for any traffic. Vehicles are being directed to take alternative routes, including Qamarwari and Khanyar areas.
On Monday, security forces had to burst teargas shells to disperse large number of people who had gathered near the encounter site.
This was the first encounter after a top militant of Naveed Jatt alias Abu Hanzala of Lashker-e-Toiba (LeT) escaped from SMHS hospital in the Karan Nagar area, where he was brought for treatment from Central Jail, Srinagar on February 7 after two police personnel, escorting the detainees, were killed.
However, police later arrested two militants and as many Over Ground Workers (OGWs) who helped Naveed to escape. A day later, Rs 35 lakh were looted from an Automated Teller Machine (ATM) of State Bank of India (SBI) in the area. UNI
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Hello Jammu News at 12:19:00 PM 0


Srinagar, Feb 13: With the first light of Tuesday morning security forces resumed operation against two Lashker-e-Toiba (LeT) militants holed up in a building near battalion headquarter of CRPF in Karan Nagar area Srinagar for the past 24 hours.
A CRPF constable Mujahid Khan was martyred and a police jawan critically injured in the encounter which ensued after CRPF alert sentry foiled a fidayeen attack on their camp on early Monday.
Official sources told on Tuesday morning that with the first light security forces launched an assault on the building where the militants were holed up for the past 24 hours. However, militants again resorted to indiscriminate firing on security forces. The encounter was going on when the reports last came in. The entire area was sealed to foil any attempt by holed up militants to escape. Intermittent firing could be heard during the night.
A resident said that firing started at 0615 hrs. 'We also could heard loud explosion near the site of encounter,' he said.
A group of two militants made an unsuccessful attempt to enter the battalion headquarter of CRPF when they were challenged by an alert sentry on the main gate. However, the militants managed to escape and entered a nearby building, a senior CRPF officer said. The area was immediately cordoned off after additional security forces and Special Operation Group (SOG) of Jammu and Kashmir police were rushed from different areas.
However, the contact was established with the militants holed up in a building at 0930 hrs on Monday when security forces opened fire.
The entire area has been cordoned off . All roads, in the area have been closed for any traffic or pedestrian movement. The main road to down town, including SMHS hospital from civil lines, has been closed for any traffic. Vehicles are being directed to take alternative routes, including Qamarwari and Khanyar areas.
Yesterday security forces had to burst teargas shells to disperse large number of people who had gathered near the encounter site.
This was the first encounter after a top militant of Naveed Jatt alias Abu Hanzala of Lashker-e-Toiba (LeT) escaped from SMHS hospital in the Karan Nagar area, where he was brought for treatment from Central Jail, Srinagar on February 7 after two police personnel, escorting the detainees, were killed.
However, police later arrested two militants and as many Over Ground Workers (OGWs) who helped Naveed to escape. A day later Rs 35 lakh was looted from an Automatic Teller Machine (ATM) of State Bank of India (SBI) in the area. UNI
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Hello Jammu News at 4:35:00 PM 0


Mumbai, Feb 09: SBI Mutual Fund has launched the SBI Debt Fund Series C-9 (1150 Days), a close ended income scheme. The NFO opens for subscription on February 09, 2018 and closes on February 14, 2018.
No entry load and exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The scheme's performance will be benchmarked against Crisil Composite Bond Fund Index and its fund manager is Ranjana Gupta.
The investment objective of the scheme is to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments such as Government Securities, PSU & Corporate Bonds and MoneyMarket Instruments maturing on or before the maturity of the scheme. UNI
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Hello Jammu News at 7:05:00 PM 0

BANDIPORA, JANUARY 19: In order to streamline traffic system in Bandipora town, a meeting of concerned officers was held here today with Additional Deputy Commissioner, Khursheed Ahmad Sanai in chair.
The meeting took various decisions and the directions were passed on for strict implementation by concerned.
In the meeting, it was decided that there will be No-entry for all types of vehicles coming from the Northern side of the tehsil Bandipora at Nowpora chowk from 8 am to 6 pm.The traffic from this side shall follow Nowpora to Nusoo Adda via Range Office and Bagh. During No-entry time the vehicles coming from Nusoo Adda shall continue to run in the market but no vehicle should remain parked in Gulshan Chowk.
The Sumo plying from Bandipora to Bonakoot , Mantrigam, Autwutoo shall be shifted to old Bus Adda.
Tatta magic, Auto and Load carriers will remain parked at Putushai Adda near Gurdwara, while as Tata Mobiles will be shifted to Nusoo Bus Adda.
The Sumo Stand near State Bank of India (SBI) will be shifted preferably to Nusoo Adda or Kuloosa Madumati Adda.
It was also decided that the Sunday Market Sale shall be allowed at Nusoo Bus Adda instead of Gulshan Chowk.
The ADC also directed Executive Officer Municipal Committee Bandipora to provide space for Fish Market opposite SBI Branch.

The ADC also directed police, Municipal Committee, Traffic Police and ARTO to strictly adhere to the decisions to ensure smooth traffic regulation in the Town.
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Hello Jammu News at 5:08:00 PM 0


Mumbai, Dec 19: HG Infra Engineering has received markets regulator Securities and Exchange Board of India's (SEBI) approval to raise funds through an initial public offering (IPO). 
The public offer will comprise fresh issue of equity shares worth Rs 300 crore besides an offer of sale 60 lakh scrips by the existing shareholders. The company's shares are proposed to be listed on the BSE and NSE.
The company, which filed the draft red herring prospectus with the SEBI in September, got the regulator's approval on December 13. The net proceeds from the issue will be utilised for purchasing capital 
equipment, repayment of loan and for other general corporate purposes. SBI Capital Markets and HDFC Bank are the merchant bankers involved in the issue.
HG Infra Engineering is engaged in infrastructure construction, development and management and has experience in building highways, bridges and flyovers. It mainly provides engineering, procurement and construction services on a fixed-sum turnkey basis, besides undertaking civil construction and related infrastructure projects on an item-rate and lump-sum basis. UNI
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