Latest news with #Nanda
Indian Express
2 days ago
- Indian Express
Valley of Flowers in Uttarakhand open to tourists from June 1: All you need to know
Valley of Flowers Uttarakhand 2025: The Valley of Flowers in Uttarakhand opened to tourists for this year on June 1. The valley usually stays open for four months — June, July, August, and September — and closes sometime in October, as winter and snow make it dangerous for tourists at other times of the year. Located in Chamoli district, the Valley of Flowers is a UNESCO World Heritage Site. Its beautiful alpine meadows, with hundreds of species of flowers blooming in the verdant forest, have long enchanted tourists. The valley is also home to a variety of birds and animals. What makes the Valley of Flowers special, and what should you know before planning a trip here? We explain. The Valley of Flowers is located within the Nanda Devi Biosphere Reserve, spread over an area of 87 sqkm. Nanda Devi, the second highest mountain in India (after Kangchenjunga), also holds religious significance, as Nanda is considered the patron goddess of Garhwal and Kumaon. 'The gentle landscape of the Valley of Flowers National Park complements the rugged mountain wilderness of Nanda Devi National Park. Together they encompass a unique transition zone between the mountain ranges of the Zanskar and Great Himalaya, praised by mountaineers and botanists for over a century and in Hindu mythology for much longer,' UNESCO says about the site. Flower species such as orchids, poppies, primulas, marigold, daisies and anemones can be found here. The valley also abounds in medicinal plants and herbs, and flowers with religious significance, such as the brahmakamal, offered to Nanda Devi. The valley has a variety of habitats, from foothills to alpine zones, from waterfalls and streams to forests, and is thus very rich in biodiversity. 'The trek to the valley offers eye-catching spectacles like cascading waterfalls and wild streams. Situated at an altitude of around 3,600 m above the sea level, the valley is also home to such rare and amazing wildlife species like the gray langur, the flying squirrel, the Himalayan weasel, and black bear, the red fox, the lime butterfly, the snow leopard,' the Uttarakhand tourism website says. While the area has long had a significance in Hindu mythology and is populated by a local tribe called the Bhotiyas, the western world discovered it in earnest in 1931, when three British mountaineers returning from Mount Kamet, Frank S Smythe, Eric Shipton and RL Holdsworth, lost their way and ended up here. Smythe later wrote a book called Valley of Flowers, published in 1938. This opened up the area to mountaineers. The India-China war of 1962 led to the border between India and Tibet being closed off, but Nanda Devi was once again opened for scaling in 1974. The resultant crowds damaged the delicate ecology of the area, and in 1982, the region was declared a national park and closed off to visitors. The Nanda Devi Biosphere was established in 1988, and gradual, controlled tourism slowly opened up. The nearest airport is Jolly Grant airport in Dehradun, while the nearest railway station is Rishikesh. The last motorable point is Govind Ghat, from where the Valley of Flowers is a 16-km trek. Other attractions close by are the Hemkund Sahib, a Sikh pilgrimage site where the 10th Sikh Guru, Guru Gobind Singh, is believed to have meditated for 10 years. Then is the sacred town of Joshimath, where Lord Badri from the Badrinath temple is brought for the winter. Often, people get so caught up taking photographs in the Valley of Flowers that they are unable to explore a lot of its beauty. If you want to explore the valley at leisure, you can consider spending the night at Ghangaria, the last inhabited village on the way to the valley, and make multiple trips here. Tourists are supposed to exit the valley by 5 pm.
Time of India
3 days ago
- Sport
- Time of India
Srabani shines with relay silver on intl comeback
Srabani Nanda made a comeback to the national team for the Asian Athletics Championships after almost three years having last competed for India in the Commonwealth Games in Birmingham in 2022. There she competed in the 4x100m women's relay but the quartet of Nanda, Hima Das, Dutee Chand and Jyothi Yarraji narrowly missed the podium after finishing fourth in the final with a timing of 43.81 seconds. It was a tough loss but the veteran sprinter turned back the clock on Saturday evening in Gumi, South Korea, to bag a silver medal in the same event with a timing of 43.86 seconds in the Asian meet. Nanda ran the opening leg and was followed by Shena SS. 18-year-old Abhinaya Rajarajan then ran a blistering third leg while Nithya Gandhe was the anchor and crossed the finish line just behind China, who grabbed the gold with a timing of 43.28 seconds. Thailand grabbed the bronze medal. The Odisha sprinter, who was quite disappointed with her performance during the Indian Open in Ranchi earlier this year, was expectedly over the moon on Saturday as she won her third Asian Athletics medal. Speaking to TOI from Gumi, Nanda said, "I am very grateful. It's really nice and it's a happy and proud moment for me. In relay, it is all about teamwork and I want to thank all the team members for the support and the coordination so that we could deliver this result." The 2010 Commonwealth Games bronze medalist, meanwhile, was more than pleased with their baton exchanges, especially as the Indian men's 4x100m relay team were disqualified in the heats on Friday as an exchange was made outside the zone, and it was on everybody's mind. But the women's team did it to perfection. "In relay, the plan is always to get the best exchanges and be confident to do it well. And we were able to do it," added Nanda. "Overall it was a very calm, cool and good race." While her experience obviously played a huge role, the one-month training camp in Trivandrum after the Federation Cup under coach Seenivasan Ramaiah also made a big difference as they concentrated a lot on baton exchange, besides other key aspects of the race. "We could find out where we were lacking and we could work on it to get the best result. We also got great support from all the other athletes who gave us a lot of competition during the training," said the 200m former national champion before adding, "The plan was always to deliver the best and be confident and I think we kind of did it. But there is still so much room to get better." There's certainly no end to that but for now they can be happy with what they have achieved on the continental stage.
Time of India
5 days ago
- Business
- Time of India
ICAI to review IndusInd Bank's financial statements for amid fraud concerns
The Institute of Chartered Accountants of India (ICAI) will review private lender IndusInd Bank's financial statements for the financial years 2023–24 and 2024–25 in the wake of recent fraud allegations , reported PTI citing ICAI President Charanjot Singh Nandal on Thursday. The move comes amid concerns over accounting discrepancies recently disclosed by the private lender in its foreign exchange derivative portfolio . ET had reported in March that ICAI was likely to take suo motu cognisance of the issue. According to the previous ET report, the review will be undertaken by the Financial Reporting Review Board (FRRB), a body within ICAI tasked with promoting transparent and compliant financial reporting. Nanda had told ET the FRRB could refer the matter to ICAI's disciplinary committee if it finds that the bank's financials are not 'true and fair' as per prescribed standards. Established in 2002, the FRRB's role is to improve financial reporting standards and ensure investor confidence by scrutinising the accuracy of published financial statements and the reporting conduct of auditors. Its findings can trigger disciplinary action if serious lapses are uncovered. Live Events IndusInd Bank has admitted to discovering discrepancies during an internal audit of its derivative transactions spanning over seven to eight years, up to FY24. The bank estimated the irregularities could impact its net worth by around 2.35% as of December 2024, translating to a financial hit of approximately Rs 1,600 crore post-tax and Rs 2,100 crore pre-tax. While the bank has assured investors it has sufficient capital reserves to absorb the losses, its stock has plunged significantly since the disclosure.
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Business Standard
22-05-2025
- Business
- Business Standard
Interarch Building Solutions Q4 results: Profit rises 30% to Rs 39 crore
Interarch Building Solutions has posted a 30 per cent increase in its net profit to Rs 38.68 crore for the fourth quarter of the last financial year on higher revenue. Its net profit stood at Rs 29.69 crore in the year-ago period. The total income of Interarch Building Solutions, which is in the Pre-Engineered Building (PEB) industry, rose to Rs 470.58 crore in the January-March period of 2024-25 from Rs 390.23 crore in the corresponding period of the preceding fiscal. During the full 2024-25 fiscal, the company's net profit increased to Rs 107.82 crore from Rs 86.26 crore a year ago, it said in a regulatory filing on Wednesday. Its total income grew to Rs 1,474.47 crore last fiscal, from Rs 1,306.31 crore in 2023-24. Commenting on the company's performance, Interarch Building Solutions Ltd Managing Director Arvind Nanda said the company has reported the highest-ever quarterly and annual financial performance, marked by robust volume growth and improved order execution. "The declaration of our maiden dividend of Rs 12.5 per equity share, subject to shareholders approval, underscores our robust financial health and consistent focus on rewarding shareholders," he said. Backed by a healthy order book and inquiry, Nanda said the company expects the growth momentum to continue in FY26. Interarch Building Solutions Ltd is one of the leading turnkey pre-engineered steel construction solution providers with integrated facilities for design and engineering, manufacturing, and on-site project management capabilities for the installation and erection of pre-engineered steel buildings.
Economic Times
22-05-2025
- Business
- Economic Times
Why is Groww raising brokerage fees by 150% for small trades?
The new rules allow brokers to levy transaction charges on clients that they would pay the Market Infrastructure Institutions (MIIs) - stock exchanges, clearing corporations, and depositories. Synopsis Groww, a major Indian brokerage firm, will increase its minimum equity brokerage charges. The increase is from ₹2 to ₹5 per order. This change impacts smaller equity trades. The new fee structure will be effective from June 21. Other brokers like Angel One previously raised their fees. These changes follow regulations impacting brokerage profits. Mumbai: Groww, India's largest broker in active clients, is set to increase its fees by 150% for low-ticket transactions as the profitability of discount broking firms has come under pressure in the face of tighter regulations. ADVERTISEMENT The firm, in a communication to clients, said it will hike the minimum equity brokerage charges to ₹5 per order from ₹2, for equity trades from June 21. The move is expected to increase the trading costs of smaller transactions. The IPO-bound firm with about 13 million active clients will charge brokerage fees in the range of ₹5 to ₹20 per trade against ₹2 to ₹20, currently. Other larger brokers, like Angel One, also had increased their brokerage charges from 0 to ₹20 on equity trades late last year, after the Securities and Exchange Board of India's 'true-to-label' norms announced in July last year squeezed brokerages' profits. The new rules allow brokers to levy transaction charges on clients that they would pay the Market Infrastructure Institutions (MIIs) - stock exchanges, clearing corporations, and depositories. This has eliminated the hidden markup, which has hit brokers' profitability. 'Following the regulatory changes introduced last year, we've seen a notable decline in derivative volumes across Indian markets, which has had a significant impact on broker revenues,' said Ashish Nanda, President and Digital Business Head at Kotak Securities. 'Sebi's 'True to Label' circular further removed the rebates that previously contributed 10 to 50% of brokers' income.' Equity derivatives turnover on NSE declined 27% to Rs 39.5 lakh crore in March from Rs 54.4 lakh crore in September, according to NSE. Nanda said due to these pressures, many firms have resorted to price hikes as a way to offset the financial hit. After the regulatory tightening, Zerodha founder Nithin Kamath said on X: 'With the new circular, we will, in all likelihood, have to let go of the zero brokerage structure and/or increase brokerage for F&O trades. Brokers across the industry will also have to tweak their pricing.' Groww also revised the interest rates for the MTF (Margin Trading Facility) — a system that allows investors to borrow to buy shares they cannot afford —at 14.95% per annum. Currently, the broking firm charges 15.75% per annum as MTF interest for funding amounts less than Rs 25 lakh and 9.75% for Rs 25 lakh and above. ADVERTISEMENT This decision will make it more expensive for the high-volume users of the MTF facility. Groww said the Depository Participant (DP) charges for clients will also go up from Rs 18.5 per day per stock (irrespective of the number of sale transactions in a stock) to Rs 20 per sale transaction 'Earlier, you were charged DP charges once per stock (ISIN) per day,' said the firm in the client communication. 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