Business

Stories about business from Jammu and Kashmir and rest of the world.

New excise policy allows sale of liquor at JKTDC facilities, SMC areas

Business, Features, Headlines /

Srinagar: The J&K Excise Policy 2024-25 which has come into effect from 1 April this year has allowed the issuance of licenses for the retail sale of liquor at tourist locations, government-owned tourist facilities, and tourism development authorities in Jammu and Kashmir besides the SMC areas. The policy that was notified earlier allows for the retail […]

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Govt owned J&K bank gave loan to Adani Power, allows flexible structuring

Business, Headlines, INVESTIGATIONS /

Srinagar: Govt owned J&K bank has given loan to Adani Power, allowing its flexible structuring, documents show. Jammu and Kashmir Bank (JK Bank) has announced a substantial downsizing of 27% in its Restructured Loan book during the fiscal year 2024 after the loans of Adani power were restructured. A significant contributor to this downsizing was

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Rising costs, asset quality concerns linger for JK Bank

Business, Headlines, INVESTIGATIONS /

Srinagar: J&K Bank recently reported a record-breaking profit of Rs. 1,767.27 crore for FY 2024. However, a closer look at the bank’s financials reveals some underlying issues. Headline growth masks cost pressures: While J&K Bank achieved double-digit growth in both loans and deposits, a significant rise in interest expenses (30% YoY) outpaced the growth in

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5-star hotels in J&K could come on state, forest land

Business, Top Story /

Srinagar: The Jammu and Kashmir administration has initiated a process to identify suitable land for the development of 5-star hotels across the region. This move aims to boost the tourism sector by providing high-end accommodation options for travellers. District-level committees, headed by the respective Deputy Commissioners, have been formed to scout for potential locations. These

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JK bank CEO

 Business community urges J&K Bank to lift ‘riders’ on NPA accounts

Business /

Srinagar, August 11 The business community has urged the Jammu & Kashmir Bank authorities to “modify” the recently-introduced One Time Settlement Scheme (OTS) and lifting of “riders” on it for those who have collateral security on their NPA turned loan accounts. Javed Ahmad Tenga, the president of the Kashmir Chamber of Commerce and Industry (KCC&I)

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Bengaluru Housing Woes: Why Renting In India’s IT Capital Has Become A Nightmare

Business /

Published by BOOM Live By Surbhi Sharma In what was termed a ‘peak Bengaluru moment’ by social media users, a spectator at the M Chinnaswamy Stadium during an IPL match was seen holding a poster with a unique message. It read, “Looking for 2 BHK in Indiranagar.” Later identified as Atin Bose, he took to

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