Committed to ensuring market integrity; measures in place to address excess volatility: Sebi on Adani crisis
State Times
by Editor State Times
7h ago
NEW DELHI: Amid a raging controversy over a meltdown in Adani group stocks, regulator Sebi on Saturday said it is committed to ensuring the stock market’s integrity and all necessary surveillance measures are in place to address any excessive volatility in individual shares. Without naming the Adani group specifically, the capital markets watchdog said in a statement that unusual price movement in the stocks of a business conglomerate has been observed in the past week. Officials confirmed that the statement has been issued in the wake of the Adani matter only. “As part of its mandate, Sebi se ..read more
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ED recovers arms, contraband during drugs-linked money laundering case raids in Punjab
State Times
by Editor State Times
7h ago
NEW DELHI: Arms, ammunition and suspected narcotics weighing about 16 kgs was recovered after raids were conducted in Punjab as part of a money laundering probe linked to a drug trafficking case, the Enforcement Directorate said on Saturday. The searches were conducted on Friday at 10 different premises in villages like Sheron, Naushera Pannuan and Bugha in the Tarn Taran district. The business and residential premises of Skattar Singh alias Laddi, Gajjan Singh, Makhan Singh and their family members apart from some associates were searched, the Enforcement Directorate (ED) said in a statement ..read more
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Adani’s FPO pullout has not impacted India’s image: FM
State Times
by Editor State Times
10h ago
MUMBAI: India’s economic image is not affected due to Adani Group’s recent decision to pull out Rs 20,000 crore FPO amid allegations of financial wrongdoings, Finance Minister Nirmala Sitharaman said on Saturday. The finance minister said there has been an accretion of USD 8 billion to the forex reserves in the last two days alone. “…our macroeconomic fundamentals or our economy’s image, none of which has been affected. Yes, FPOs (follow-on public offers) come in, and FIIs (foreign institutional investors) get out,” Sitharaman told reporters here. The minister said there are “fluctuations” in ..read more
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Traffic Plan & Advisory for February 05
State Times
by Editor State Times
10h ago
TRAFFIC POLICE HEADQUARTERS, J&K, JAMMU/SRINAGAR From 03-02-2023, 1700 hrs. to 04-02-2023, 1700 hrs. There was slow movement on NH-44 due to breakdown of 11 HMVs between Nashri and NAVYUG Tunnel. HMVs with only 06 and 10 tyres shall be allowed to ply through Dhar road. TRAFFIC PLAN & ADVISORY FOR 05-02-2023:- Subject to fair weather and road clearance, LMVs Passenger/Private Cars shall be allowed from both sides on Jammu-Srinagar NHW viz Jammu towards Srinagar and vice-versa. TCU Jammu/Srinagar shall liaise with TCU Ramban before releasing the traffic. CUT OFF TIMINGS FOR LMVS/PASSEN ..read more
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Airfield Security review meeting held in Air Force Station, Jammu
State Times
by Editor State Times
13h ago
STATE TIMES NEWS Jammu: Jammu Airfield Security review meeting was held at Air Force Station Jammu with Village Heads of areas in immediate vicinity of Jammu Airfield along with representatives from concerned civil agencies to discuss important areas of concern related to Airfield Security and Aerospace Safety for safe aircraft operations at Jammu. The meeting was chaired by the Air Commodore GS Bhullar, AOC Air Force Station Jammu along with key officials from AAI and civil agencies. In the meeting, the AOC highlighted his deep concerns on the need for exercising strict vigil for any untowar ..read more
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Our loans to Adani Group are secure: J&K Bank
State Times
by Editor State Times
23h ago
STATE TIMES NEWS Srinagar: Jammu and Kashmir Bank, which has an exposure of nearly Rs 250 crore in the Adani Group, on Friday said the bank investors have nothing to worry as its loans to the embattled business group are secured. “Our loans to Adani Group are secured against the assets of the projects that were financed by JK Bank,” JK Bank Deputy General Manager Nishikant Sharma told PTI. Sharma said JK Bank had given a loan of Rs 400 crore to Adani Group to finance two thermal power projects one in Maharashtra and one in Mudra, Gujarat. “When we financed the two projects 10 years ago, our ex ..read more
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Only influential, powerful people who misused their position and violated law to encroach State land would face action: LG
State Times
by Editor State Times
23h ago
LG inaugurates Civil Services Officers’ Institute in Jammu STATE TIMES NEWS JAMMU: Lieutenant Governor Manoj Sinha on Friday inaugurated Civil Services Officers Institute (CSOI) at Jammu. Speaking on the occasion, the Lt Governor said the institute will promote welfare of officers, their families and bring them together to build close cooperation & interaction to reinforce our democratic values & to meet the challenges of nation building. “CSOIs in other states & at the Centre are playing important role as a nursery of ideas since many years. I am confident CSOI in J&K will re ..read more
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Jaish module busted in Kulgam district, 6 arrested
State Times
by Editor State Times
23h ago
SIA conducts raids in Srinagar in terror funding case STATE TIMES NEWS Srinagar: Security forces on Friday busted a module of the Jaish-e-Mohammad in Kulgam district by arresting six overground workers and recovering a huge cache of arms and ammunition, officials said. Acting on specific information on subversive activities in the Mirhama and Damhal Hanji Pora areas, a joint team of police and the army arrested six terror associates, they said. A huge cache of arms and ammunition, including eight magazines and 446 rounds of M4 rifles, a pistol, a pistol magazine and 18 pistol rounds, were rec ..read more
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Reclaiming encroached state land, demolition drives continue in J&K UT
State Times
by Editor State Times
23h ago
STATE TIMES NEWS JAMMU: In continuation to anti-encroachment drive, the District Administration Jammu on Friday retrieved prime state land measuring 5 kanal 02 marla at village Deeli during an eviction cum demolition drive. The state land was encroached by a media house and businessman which was retrieved by the administration. The boundary walls of the encroached land were demolished and state land board was also installed on the site. In another anti encroachment drive, the district administration retrieved state land measuring 100 kanal at village Palwan, Akhnoor. Similarly, revenue office ..read more
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JKSSB FAA recruitment scam: CBI raids 37 locations in Jammu region
State Times
by Editor State Times
23h ago
Besides beneficiaries, touts include employees of Forest Deptt, CRPF personnel and an Indian Airforce staffer STATE TIMES NEWS JAMMU: The Central Bureau of Investigation (CBI) on Friday conducted searches at 37 locations in six districts of Jammu region in connection with a case related to alleged irregularities in the written examination of Finance Accounts Assistant (FAA). According to CBI, the searches were conducted at 30 locations in Jammu, two in Doda, two in Reasi, one each in Rajouri, Samba and Udhampur districts at the premises of the accused and others including touts, personnel of ..read more
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