J&K power strike ends as govt readies compromise
Business Standard|December 22, 2021
After several rounds of negotiations with the government and power blackouts in several regions for the past two days, power departments' employees in Jammu & Kashmir decided to end their strike on Tuesday.
SHREYA JAI
J&K power strike ends as govt readies compromise

In a notice by divisional commissioner Raghav Langer signed by J&K Power Employees and Engineers Coordination Committee (JKPEECC), it was decided that the department will resume normal functioning and the government will work on their demands.

"It has been decided that the proposed joint venture between J&K Power Transmission Company Ltd (JKPTCL) and Power Grid Corporation of India Ltd (PGCIL) shall be put on hold. A committee comprising members of JKPEECC will make recommendations on the way forward," said the note, which was reviewed by Business Standard.

This story is from the December 22, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

This story is from the December 22, 2021 edition of Business Standard.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.

MORE STORIES FROM BUSINESS STANDARDView All
Over 282 Mn Faced Acute Hunger In 2023: UN
Business Standard

Over 282 Mn Faced Acute Hunger In 2023: UN

Gaza had the largest number of people facing famine

time-read
2 mins  |
April 26, 2024
Meta Projects Weak Revenue Amid Ai Push
Business Standard

Meta Projects Weak Revenue Amid Ai Push

Facebook parent reported 27% revenue rise in first quarter

time-read
1 min  |
April 26, 2024
Hyundai Set To Drive In Five EVs By 2030
Business Standard

Hyundai Set To Drive In Five EVs By 2030

Hyundai Motor India will introduce five new electric vehicles (EVs) by 2030, said the South Korean automaker on Thursday, bringing forward its "locally tailored" plans for the sector by two years.

time-read
2 mins  |
April 26, 2024
Blinken Tells China To Manage Ties 'Responsibly' As Talks Begin
Business Standard

Blinken Tells China To Manage Ties 'Responsibly' As Talks Begin

US Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for American businesses as he began a visit aimed at resolving a raft of contentious issues that could jeopardise the newly repaired relationship.

time-read
1 min  |
April 26, 2024
Axis Bank rerating to continue on steady NIM
Business Standard

Axis Bank rerating to continue on steady NIM

The bullish stance on the lender comes after its outperformance in March quarter

time-read
3 mins  |
April 26, 2024
Business Standard

After Bitcoin's massive price surge, book partial profit if overexposed

At current elevated prices, prospective buyers should opt for staggered purchases

time-read
3 mins  |
April 26, 2024
Business Standard

Gradual volume recovery, valuations to support HUL sto

Hindustan Unilever's (HUL'S) performance for the quarter ended March 2023 (Q4FY24) was in line with modest consensus expectations.

time-read
2 mins  |
April 26, 2024
Business Standard

Kotak Mahindra Bank's loan, deposit growth may be impacted: Analysts

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts.

time-read
2 mins  |
April 26, 2024
Business Standard

Mkts gain for 5th session on the trot

Rising for the fifth straight session, equity benchmark Sensex rallied nearly 500 points to reclaim the 74,000 mark, while the Nifty closed above the 22,550 level on Thursday due to heavy buying in banking, financial and metal stocks.

time-read
1 min  |
April 26, 2024
Business Standard

Bank actively working to address RBI's concerns: CEO

A day after the severe action by the Reserve Bank of India (RBI), Kotak Mahindra Bank's Chief Executive Officer and Managing Director Ashok Vaswani on Thursday said the lender is \"actively working\" to address the concerns raised by the regulator.

time-read
1 min  |
April 26, 2024