Kupwara army camp attacked by fidayeen militants in Kashmir; three armymen, two terrorists killed

Terrorists on Thursday attacked an armed force camp in Kupwara area of Jammu and Kashmir.

An armed force commander and two officers were slaughtered in the assault. The armed force officer executed was recognized as Captain Ayush, official sources told PTI. It was before mistakenly written about TV that five armed force staff had been murdered in the assault.

As indicated by a report in the IANS, the ambush on the armed force camp, which is 120 kilometers from Srinagar, was a fidayeen or a suicide assault. “Fidayeen psychological militants assaulted the Panzgam armed force camp near the Line of Control (LoC) (at) around 4.30 am,” Defense Ministry Spokesman Colonel Rajesh Kalia told IANS.

India, US discuss measures to strengthen partnership at UN

The US Ambassador to the UN, Nikki Haley talked about with her Indian partner Syed Akbaruddin the financial and hostile to debasement changes embraced by India to goad development and measures to fortify Indo-US association at the world body.

Haley met Akbaruddin at the Permanent Mission of India to the UN here yesterday.
“They talked about peacekeeping change and India’s financial and hostile to debasement changes that have helped organizations and prodded development,” as indicated by an announcement issued by the US Mission to the UN.

The two representatives likewise talked about the “close ties between the two nations and chances to promote the association between the US and India at the United Nations.”

Mallya could fight extradition on political grounds

Indian business tycoon Vijay Mallya, who has been pronounced an announced guilty party, is probably going to test his removal to India from the UK in light of the fact that the charges against him are politically roused, a legitimate master said today.


The 61-year-old alcohol noble, who has been living in willful outcast in Britain since a year ago, was captured by Scotland Yard yesterday on misrepresentation assertions, setting off an official removal prepare in the British courts.

Mallya was discharged on restrictive safeguard a couple of hours after the fact subsequent to giving a safeguard bond worth 650,000 pounds and guaranteeing the court of maintaining all conditions related with removal procedures, for example, the surrender of his international ID and a prohibition on him having any travel reports.

Centre to do away with Service Charge on Food Bills

The administration arrangements to issue a consultative to states requesting that they break down against out of line inconvenience of service charge on food and drink bills, Food and Consumer Affairs Minister Ram Vilas Paswan said today.

“Benefit charge does not exist. It is in effect wrongly charged. We have arranged counseling on this issue. We have sent it to the PMO for endorsement,” Paswan told columnists here.

A senior service official said the counseling, once endorsed by the Prime Minister’s Office (PMO), will be issued to all states and union regions.

The counseling will likewise be valuable for Voluntary Consumer Organizations (VCOs) battling for shopper right, he said.

“No client ought to be compelled to pay benefit charge. On the off chance that clients need they can pay a tip to servers or give their agree to demand the charge in the bill,” the authority said while clarifying the way of proposed counseling.

Indian Banks Loan Rose to 5.1% in Two Weeks to March 31 – RBI

Indian banks’ loans rose 5.1 percent in the two weeks to March 31 from a year earlier, while deposits rose 11.8 percent, the Reserve Bank of India’s weekly statistical supplement showed on Friday.

Outstanding loans rose 3.16 trillion rupees ($49.08 billion) to 78.82 trillion rupees in the two weeks to March 31. Non-food credit rose 3.18 trillion rupees to 78.28 trillion rupees, while food credit fell 19.30 billion rupees to 539.30 billion rupees.

Bank deposits rose 2.63 trillion rupees to 108.05 trillion rupees in the two weeks to March 31.

Source: NewsNetwork

UK Parliament Terror Attack : What We Know So Far

Four people were killed, including the assailant, and 40 injured after being run over and stabbed in a terror attack at the heart of Britain's seat of power attributed by police to "Islamist-related terrorism". The lightning attack unfolded on Wednesday across Westminster Bridge in the shadow of Big Ben, a towering landmark that draws tourists by the millions and stands over Britain's Houses of Parliament -- the very image of London. The attacker was shot dead by police within the perimeter of UK Parliament. Here's what we know:

THE ATTACK

The attacker used a car to run down several pedestrians on the iconic Westminster Bridge. At least one woman and one other person were killed by the vehicle and others were left with "catastrophic injuries," according to police. Three police officers were among those injured on the bridge.

The driver then rammed his car into the Parliament fence and fatally stabbed a police officer as he tried to enter the building. 

Police tape off Parliament Square in London after reports of loud bangs. (Photo: Reuters)

Htsyndication covers Greenply CEO Shobhan Mittal

Shobhan Mittal, the CEO and Joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of financial year 2017.

Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.

Dalal Street coverage on Shobhan Mittal Financial Year 2017

Shobhan Mittal, the CEO and joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of financial year 2017. Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.

Shobhan Mittal stated that there are lots of challenges in the plywood business but things have definitely turned out to be positive for them. Though pricing has indeed been a challenge for different markets but according to him, their combination of better product mix and capacity utilizations certainly has led to further growth. He stated that the present focus of his company remains on reducing working capital investments which in turn will affect sales volumes as well. Also, he was of the opinion that the year 2016 has remained quite flattish in terms of pricing and there has been a dip of around Rs. 2/square meter.

Bloomberg covers Shobhan Mittal Interview

Shobhan Mittal, the CEO and Joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of financial year 2017. 

Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.

Business Wire India News cover Greenply Joint MD- Shobhan Mittal

Shobhan Mittal, the CEO and Joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of financial year 2017. Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.


Shobhan Mittal stated that there are lots of challenges in the plywood business but things have definitely turned out to be positive for them. Though pricing has indeed been a challenge for different markets but according to him, their combination of better product mix and capacity utilizations certainly has led to further growth. He stated that the present focus of his company remains on reducing working capital investments which in turn will affect sales volumes as well. Also, he was of the opinion that the year 2016 has remained quite flattish in terms of pricing and there has been a dip of around Rs. 2/square meter.

During Q2 of FY 16, the capacity utilization for the plywood division of Greenply Industries Limited was recorded at 116% whereas for the medium density fireboard (MDF) it was at 109%. The growth according to him actually resulted from higher volume and higher utilizations as pricing posed quite a tough challenge, thanks to more competition and capacities. Post demonetization, the company has faced some tough challenges and had to cut down on its production rate. D. N. Sahu, Purchase Head of GIL stated that the company was forced to reduce its production by 40% as lack of cash significantly reduced purchase of luxury goods such as plywood. Also, the management expects that the demonetization move will adversely affect demands for the next two to three quarters and the company may have to deal with the issue of working capital pressure.

Biznews covers Shobhan Mittal on FY17

Shobhan Mittal, the CEO and Joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of financial year 2017. Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.

Ad Hoc News coverage over Greenply CEO

Shobhan Mittal, the CEO and joint MD of Greenply Industries Limited stated that he is expecting an eight to ten percent growth in revenues by end of FY17. Shobhan Mittal has been spearheading Greenply Industries for over a long time and his company is well-known for producing plywood products that meet with the international standards.
Shobhan Mittal stated that there are lots of challenges in the plywood business but things have definitely turned out to be positive for them. Though pricing has indeed been a challenge for different markets but according to him, their combination of better product mix and capacity utilizations certainly has led to further growth. He stated that the present focus of his company remains on reducing working capital investments which in turn will affect sales volumes as well. Also, he was of the opinion that the year 2016 has remained quite flattish in terms of pricing and there has been a dip of around Rs. 2/square meter.