BUSINESS

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...

Even as domestic LPG prices have been on the upsurge, burdening the common man, an interesting fact to note is that cooking gas rates have been revised an astounding 59 times in the last five years. The latest hike was made on March 01, when the prices of LPG cylinders reached 1219 rupees in Srinagar with a jump of 50 rupees from 1169 rupees. According to official data of the Petroleum Ministry, between April 1, 2017 and March 06, 2023 LPG prices rose by 45 per cent through 59 upward revisions in New Delhi. An LPG cylinder was priced at Rs 835 in February 2021, and by March 06, 2023, the cost gone upto rupees 1219 per cylinder. The same LPG cylinder was priced at Rs 834 in July 2021. By July 2022, it`s price surged 26 per cent to touch Rs 1,053.

The Director of Agriculture Kashmir, Chowdhury Mohammad Iqbal today inaugurated a district-level orientation cum training programme under holistic development of agriculture on Technological intervention for fish seed and trout production in Jammu Kashmir. While addressing the participants of the training programme, the Director of Agriculture highlighted the potential for fish and fisheries development in the region. He said for the development of the fisheries sector the admin has approved a multi-crore plan to boost fish production. He said the project is aimed to increase fish production, and productivity and to attract more and more educated youth towards this sector. Director of Agriculture asked the officers of the allied departments to work in coordination so that the desired res...

Jindal steel industries has laid foundation stone of its first investment project in Jammu Kashmir, NDTV reported. A ₹ 150-crore steel processing unit being set up in Pulwama district of south Kashmir is the first such project set up after the abrogation of Article 370 in August 2019. As per the report, Sajjan Jindal, chairman of JSW group, tweeted photos of a prayer ceremony of the foundation stone at Lassipora Industrial Estate in Pulwama district. "Proud to announce that we have laid the foundation stone for our new steel processing unit in Pulwama - the heart of Kashmir. Contributing to the growth of the beautiful state of Jammu and Kashmir," Mr Jindal tweeted. The J-K administration had granted 70 Kanal (8.75 acre) land to JSW Steel. In December, the government had told...