Pound, Asia markets collapse as Britain quits EU

LONDON: British markets plunged on Friday, with sterling hitting a 31-year low in its biggest fall on record and UK stock futures pointing to a steep fall at the market open after Britons voted to leave the European Union. Bonds also sold off sharply, pushing UK government borrowing costs sharply higher, as traders and investors […]

Indian auto sector most affected by Brexit

NEW DELHI:- Auto stocks bore the brunt of the Brexit impact losing nearly 10% of their value. Tata Motors which gets about a quarter of its volumes from the UK was among the worst affected as was auto component supplier Motherson Sumi which supplies parts to a number of luxury car makers. While JLR sources […]

New Industrial Policy to boost investment, create infra: Drabu

SRINAGAR: Minister for Finance, Dr.  Haseeb Drabu today said that the new industrial policy is aimed to create industrial infrastructure and boost private investment in the state. The Minister was responding to the issues raised by various members in Upper House. Giving details about the introduction of new bill, the Minister said that the Industrial […]

Government focussed on tourism development in Jammu: Priya Sethi

SRINAGAR: Minister of State for Tourism Priya, Sethi today said that Government is focussed on the development of tourism in Jammu and many steps are being taken to develop tourist spots along River Tawi.   Replying to a Private Members Resolution moved by Mr Sat Paul Sharma in Legislative Assembly today, the Minister said that […]

J&K Hussaini Sports Club to organise events from next month

SRINAGAR: Jammu and Kashmir Hussaini Sports Club has decided to organise sports events after the end of Ramadan, a statement from the club said. According to the statement, a meeting attended by all its office bearers was held in this regard. It was decided that various sports events will be held after Eid which will […]

David Cameron resigns as Britain votes to leave EU

LONDON: Prime Minister David Cameron announced Friday he will resign after Britons voted to leave the European Union despite his campaign to keep it in the bloc. Cameron promised to try to “steady the ship” over the next months and did not give a precise timetable for his departure but said a new leader should […]

Can the EU survive Brexit?

BRUSSELS: Britain’s vote to become the first country to leave the European Union (EU), as projected by national media, is a shattering blow that threatens the survival of the post-war European project, officials and analysts said. The loss of one of its biggest members will at the very least force major changes on an embattled […]

Switzerland sets up Brexit hotline for worried citizens

GENEVA: Switzerland has opened a hotline to answer questions from concerned citizens and businesses over the consequences of Britain voting to leave the EU, the foreign ministry said on Friday. The hotline, which will be operational 24 hours a day, seven days a week, was opened just hours after results showing Britons had opted to […]

Seoul plenary ends:No decision on India’s NSG entry as China remains adamant

The plenary meeting of the 48-member Nuclear Suppliers Group (NSG) ended in Seoul on Friday with no decision on India’s membership bid. China led the opposition on the grounds that India’s application could not be considered given that it has not signed the nuclear Non-Proliferation Treaty (NPT). Backed by nearly 10 other countries, the argument […]

‘Binny Bansal’- Flipkart’s CEO buys Rs 32-crore home in Bengaluru

New Delhi: Binny Bansal, co-founder and chief executive of India’s largest e-commerce company, Flipkart, has bought a 10,000 sq ft property for Rs 32 crore in Koramangala, an upmarket residential-cum-business locality in south east Bengaluru. The news was confirmed by a senior Flipkart executive, however the company’s spokesperson said Flipkart will not comment on Bansal’s […]

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