BUSINESS

Tomato prices have skyrocketed across India and in Kashmir the situation is no different. Bearly a two days ago, tomatoes were priced at Rs 30 per kg, however, on Tuesday one kg of tomatoes is being sold for 80 rupees and as high as Rs 100 a kilogram. In various cities of India including Delhi, Bangalore and Hyderabad, tomatoes are being sold at 100 rupees per kilogram. Tomatoes coming to the markets have become very expensive, due to which wholesalers and retailers have increased the rates of tomatoes. Due to bad weather and low sowing, these prices are expected to increase further. Wholesale traders say that due to less supply and more spoilage, tomato prices have increased not just in Kashmir, but in several other cities. Ali Mohammad, who lives in Srinagar, says, "Tom...

The demand for Kashmir Willow bats has increased in the global markets after international cricket players from Oman and UAE used them in the T20 World Cups. Now, approximately 17 more players from six cricketing nations have acquired bats made from Kashmiri Willow for the ODI World Cup 2023 scheduled to be held in India this October. The individuals associated with this industry expressed joy that more countries have started using Kashmir Willow bats in professional games. They anticipate that more teams will procure the bats in the future. There are around 400 cricket bat manufacturing units in the industrial area from Sangam to Awantipora in south Kashmir, and the bats from one unit (GR8 Sports) have reached the international stage, they said. Fawzul Kabir, a 30-year-old MBA...

Jammu Kashmir’s Mutton Dealers Union Tuesday said that there was no confusion in mutton rates as meat with Offal will be sold at Rs 600 and without Offal will sell at Rs 650. General Secretary of the All-Jammu Kashmir Butchers Union Hilal Ahmed, as per the news agency—Kashmir News Observer (KNO), stated that the notification issued by the central government will help in regulating the mutton prices in the market. “A few months ago, we also spoke to the Division Commissioner of Kashmir about this issue. We expressed our concern over the high cost of mutton, which we were receiving at Rs 600 per kilogram from Delhi. Not only us, but others also buy mutton from there, and we will strive to ensure that prices do not rise,” he said, adding that “The current rate as of now is Rs 600 with o...

Kashmir is witnessing a sharp decline in cocoon production in the last few years due to constant financial losses. Officials who wished not to be named told news agency—Kashmir News Observer (KNO) that in last five years, the number of farmers associated with silk rearing has declined thereby declining the cocoon production. They said that if efforts won't be taken at the earliest, the industry will collapse as farmers have been facing losses due to unavailability of proper technical guidance. Farmers who have been associated with silk rearing for long told KNO that there is unavailability of quality leaves. They said as leaves are being damaged by insects and pests due to which farmers are unable to maintain quality and produce more cocoon. He said that farmers aren't being...

The Nokia 1100 is the world's highest-sold phone, and the World of Stats has released its latest survey. With 250 million units sold worldwide, Nokia 11 which was announced on 27 August 2003 and discontinued in September 2009 is the world's highest-selling phone. Nokia 1100 had a very basic and to-the-point design. It featured the company’s traditional style navigational keypad, which included a single button to end or receive calls, bi-directional keys, and vibrating alerts. The device had a built-in torch and had a C button that when pressed twice, locked the phone, and holding it would activate the torch. Interestingly, despite having an uninspired and basic look, the company offered the device in a number of color variants through the Xpress-On covers. This included ligh...

The Strawberry production in Kashmir valley has suffered 30 percent loss this year due to continuous rains this year. The harvesting of the famous Kashmiri strawberry crop in village Gaasu Khimber in the outskirts of Srinagar is in full swing with growers plucking the fruit and simultaneously dispatching to the markets, reported UNI. However, the fruit has suffered 30 percent loss in production this year compared to the last year due to the continuous rainy season in the month of April and May has deepened their worries, claims a grower Manzoor Ahmad. He said that the production could have been bumper this year, but intermittent rains during the harvesting period caused damage to the crop to a great extent. Growers including men women and children with baskets filled with the f...

A delegation of Kashmir Chamber of Commerce and Industries (KCCI) on Tuesday called upon MD and CEO JK Bank Baldev Prakash at Corporate Headquarters. During the introductory meeting, MD and CEO felicitated the newly elected members of KCCI executive body led by President Javed Ahmed Tenga. Bank’s General Managers Ashutosh Sareen, Syed Rais Maqbool, Syed Shujaat Hussain, Divisional Head (Kashmir) Syed Shafat Hussain, Zonal Head (Srinagar) Shabir Ahmad along with DGMs were also present at the meeting besides senior KCCI office-bearers Ashaq Hussain Shangloo, Fayaz Ahmad Punjabi, Faiz Ahmad Bakshi and others. Speaking on the occasion, MD and CEO Baldev Prakash dwelt upon the long-lasting relationship between the chamber and the Bank saying, “J&K Bank is your Bank, which has alway...