NEW DELHI — Tycoon Gautam Adani has overtaken fellow Gujarat business czar Mukesh Ambani to become Asia’s richest person, as a sustained rally in shares of his ports-to-energy conglomerate lifted his net worth. With a net worth of USD 92.6 billion, Adani surpassed Ambani, whose fortune stands at USD 90.8 billion, to become the richest […]
JAMMU — Investment proposals worth Rs 1.63 lakh crore have been received till December last year, which will create direct employment opportunities for more than 5.90 lakh people, Jammu and Kashmir government’s economic survey report 2024-25 said. The report, tabled by the Chief Minister in the Legislative Assembly last week, said 1,984 units involving an […]
SRINAGAR — The Kashmir Chamber of Commerce and Industry (KCCI) said many of its recommendations have been incorporated in the Budget, which aligns with aspirations of the business community in Jammu and Kashmir. Chief Minister Omar Abdullah on Friday presented the first budget of the Union Territory with an outlay of Rs 1.12 lakh crore, […]
SRINAGAR — Jammu and Kashmir Bank on Monday reported a 26.2 per cent rise in net profit to Rs 531 crore for the October-December quarter of FY2024-25 compared to Rs 421.08 crore in the year-ago period. A bank spokesman said that the financial institution is well on course to meet the annual profitability target. “The […]
SRINAGAR — Amitava Chatterjee on Monday took over as the Managing Director and Chief Executive Officer of Jammu and Kashmir Bank. Chatterjee took over from Baldev Prakash after the latter’s three-year term came to an end. With an experience of 34 years in the industry, Chatterjee said he would focus on continuing the growth story […]
NEW DELHI — J&K Bank on Wednesday announced the appointment of Amitava Chatterjee, currently Deputy Managing Director of State Bank of India (SBI), as its new managing director (MD) and CEO. Chatterjee will replace Baldev Prakash, whose term comes to an end on December 29. The Board of Directors in their meeting held on December […]
SRINAGAR — J&K Bank on Saturday reported a 27 percent rise in net profit to Rs 415 crore in the April-June quarter of 2024-25 compared to the year-ago period. The bank had posted a net profit of Rs 326 crore in the April-June period of the previous year. Total income in the first quarter of […]
SRINAGAR — Jammu and Kashmir Administrative Council on Friday approved proposals for the transfer of land for industrial estates in various districts, an official spokesman said. The council met under the chairmanship of Lieutenant Governor Manoj Sinha. A total of 3,188 kanals and 8 marlas of land has been transferred to the Industries and Commerce […]
SRINAGAR — Jammu and Kashmir Lieutenant Governor Manoj Sinha on Tuesday welcomed the Union Budget 2024-25, saying its focus on “productivity and resilience in agriculture will greatly benefit” the Union Territory. Sinha also said the budget “seeks to translate the vision of empowering all sections of the population”. “Focus on productivity and resilience in agriculture […]
JAMMU — The business and industrial community in Jammu & Kashmir described the 2024-25 Budget as “mixed”, praising the government for emphasizing agriculture, MSMEs, startups, and industrial development, which are crucial growth engines for the country. However, they noted that Jammu & Kashmir did not get special attention compared to other states this time. “We […]