Category: Business

Business

Rs 4 a litre hike in petrol, diesel prices in offing

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A Rs 4 per litre increase in petrol and diesel prices is in the offing if state-owned fuel retailers are to return to pre-Karnataka poll hiatus margin levels, brokerage firms said. No sooner had Karnataka polled to elect a new state government, state-owned Indian Oil Corp (IOC), Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) on Monday ended a 19-day hiatus in revising petrol and diesel prices and reverted to the practices of changing rates on a daily basis. Since then petrol price has risen by 69…

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Tourist death could be last nail in Kashmir Tourism Coffin: Industry

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The tourism trade in Kashmir condemned the killing, saying that those who had thrown stones at the vehicle in which the tourist was travelling were not well wishers of Kashmir but cold-blooded murders. The fragile tourism industry in Kashmir has taken another blow with the death of a tourist hit by stone-pelters, and the sector fears that the incident may further affect the already falling footfall in the troubled Valley. The killing of the Chennai youth could be the proverbial final nail in the coffin of tourism in Kashmir, Ashfaq…

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Hoteliers from across Kashmir pledge to counter negative publicity

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The J&K Hoteliers’ Club held its quarterly extraordinary general meeting here at Vivanta by Taj, where the members passed a resolution to ‘safeguard Kashmir tourism from negative publicity’. “The club passed the resolution to put all its efforts to stop negative publicity by the national media at all forums. It decided to call upon the national print and electronic media heads to safeguard Kashmir tourism from negative publicity,” a statement issued by the club here on Friday said. It said the members of the club, including Gulmarg, Sonamarg, Pahalgam, Kargil…

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Salman Khan in Kashmir for shooting of Race 3, Meets Mehbooba Mufti

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Salman Khan and his Race 3 crew met Jammu and Kashmir chief minister Mehbooba Mufti before they shooting for their film in the valley. Bollywood superstar Salman Khan arrived in Jammu and Kashmir on Monday for a two-day shoot schedule of his upcoming film Race 3. He met the state’s chief minister Mehbooba Mufti and pictures from his visit are flooding the internet. The crew first reached Srinagar where they received a warm welcome from CM Mufti and spent an hour with her. Later, they travelled to Sonamarg and shot…

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At Rs 74.40, petrol price hits highest level in BJP rule, diesel at record Rs 65.65

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State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates by 19 paisa per litre each in Delhi on Sunday. Petrol price hit on Sunday Rs 74.40 a litre — the highest under the BJP-led government — and diesel rate touched a record high of Rs 65.65, triggering renewed calls for a cut in excise duty to ease burden on consumers. State-owned oil firms, which have been since June last year revising auto fuel prices daily, raised petrol and diesel rates…

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After Bajrangi Bhaijaan, Salman Khan returns to Kashmir after three years; this time for Race 3

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Salman Khan‘s Race 3 is one of the most anticipated films of the year and while it is set to release this Eid (June 15), the team is still shooting for the movie. The makers were going to fly down to South Africa for the final schedule, but with a restriction on Salman flying out of the country after his conviction in the blackbuck poaching case, the makers decided to shift the last shoot to Leh, Ladakh. However, we can exclusively tell you that Salman Khan will also shoot for…

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It’s nostalgic to shoot in Kashmir: Abhishek Bachchan

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Bollywood actor Abhishek Bachchan, who is here for the filmming of director Anurag Kashyap’s ‘Manmarziyaan’, said he has a special bond with Kashmir as he often accompanied father Amitabh Bachchan as a child during film shootings. “It is nostalgic for me because I have come here when my father used to shoot his films here. It is truly a heaven on earth and I am very happy to be back. It is still as beautiful as it used to be,” the actor said. Kashmir was once the favourite shooting location…

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Uncertainity, Continuous bloodshed take toll on Kashmir businesses to dire straits

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Surrounded by huge contingency of forces in a narrow lane, Bashir Ahmad Hakim sips tea outside his grocery shop at Malaratta neighbourhood of Nowhatta in the downtown, which is shut due to curfew like restriction imposed by the government. He is worried as in last two weeks his shop has remained closed for six days causing him business losses of over Rs 20,000. Underneath the signboard of ‘Enn Provisional Store’ Hakim is holding a casual talk with passersby and sometimes with the personnel deployed in the area. The worry of…

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#FakeNews – Tourism stakeholders lodge FIR against TOI

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Taking cognizance of news report in Times of India (GoI) about attacks on tourists, local travel and hotel associations Tuesday jointly filed an FIR with the Police Station Kothibagh against the newspaper’s Srinagar correspondent Saleem Pandit. In the FIR number 26/2018 U/S 502 (2) RPC, the tourism stakeholders said no tourist was hurt by any incident of stone pelting. Talking to Kashmir Post, President Travel Agents Association of Kashmir Ashfaq Siddiq Dug said they filed the FIR against Pandit for false and factually incorrect reports. He said due to fake…

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Tourist sector gets a jolt due to sudden spike in violence

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A sudden spike in the level of violence in Kashmir on Sunday has cast a shadow on the tourism industry, which was hoping for increased footfall of holidaymakers. As the region witnessed a sudden bout of protests and a record high death toll on Sunday, it has caused scare among tourists who came face to face with the turbulent situation. Several tourists, who had planned to holiday for several days, cancelled their stay in the region and rushed home. The deterioration of the law and order situation after Sunday’s multiple…

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