Latest news with #Rs250
Express Tribune
8 hours ago
- Business
- Express Tribune
Cattle markets spring to life amid soaring prices
With Eidul Azha approaching, cattle markets across the metropolis have come alive with the hustle and bustle of buyers and sellers, but this year's skyrocketing prices have left citizens stunned. From the outskirts to the heart of the city, several makeshift livestock markets have been set up where people, including children, are eagerly heading to select their preferred sacrificial animals. However, prices for both small and large animals have surged drastically, making it difficult for many to afford this religious obligation. At the markets, the starting price of a bull is reported to be around Rs350,000, calves range between Rs200,000 to Rs250,000, and camels are being sold for Rs400,000 to Rs800,000. The steep rise in prices, driven by inflation and supply costs, has left both sellers and buyers anxious. To attract buyers, vendors have gone to great lengths to groom and decorate the animals. Protective measures against the summer heat are also in place as sellers are seen cooling their livestock with cold water baths and offering them traditional desi drinks. Makeshift shades have been erected to shelter the animals from the harsh sun. Meanwhile, the prices of fodder have also soared. Dry fodder such as bhoosa and toori is being sold for Rs800 to Rs850 per 40kg, while chopped green fodder costs Rs600 per 40kg, and unchopped green fodder is priced at Rs400 per 40kg. At Manawan Mandi, traders have arranged for their own electricity via generators and installed borewells for the animals' drinking water. However, no government-provided facilities like water filtration units or cooling systems for visitors have been set up. A complaints cell has been established, but many citizens remain concerned about the lack of basic amenities. Despite the challenges, the buying and selling of sacrificial animals continues in full swing.
Express Tribune
2 days ago
- Business
- Express Tribune
SBP injects Rs1.15tr to stabilise markets
Listen to article The State Bank of Pakistan (SBP) conducted a major liquidity injection on Friday, deploying a total of Rs1.148 trillion into the banking system through a mix of conventional and Shariah-compliant open market operations (OMOs). Under the conventional reverse repo facility, SBP injected Rs970 billion, including Rs250 billion for a 6-day tenor at 11.10% and Rs720 billion (partially accepted) for a 14-day tenor at 11.08%. Simultaneously, the Shariah-compliant Mudarabah OMO contributed Rs178 billion, split almost evenly between 6-day and 14-day tenors, both priced at 11.10%. This Rs1.15 trillion operation is among the largest single-day liquidity injections this year, signalling the SBP's proactive approach to maintaining stability in the interbank market amid tight liquidity conditions. Meanwhile, the Pakistani rupee posted a marginal gain against the US dollar in the interbank market, appreciating by 0.02% on Friday. By the end of the trading session, the local currency closed at 282.02, up by five paisas from Thursday's closing rate of 282.07. According to Ismail Iqbal Securities, the rupee has depreciated by 1.23% on a calendar year-to-date (CYTD) basis and by 1.30% on a fiscal year-to-date (FYTD) basis. On the commodities front, gold prices in Pakistan declined on Friday, reflecting losses in the international market. The fall came as the US dollar gained strength and investors responded to recent tariff announcements. However, a softer US inflation report sustained hopes of a possible interest rate cut. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold dropped by Rs700 per tola, settling at Rs348,600, while the rate for 10 grams decreased by Rs599 to Rs298,868. Adnan Agar, Director at Interactive Commodities, said the market remains range-bound. "Gold hit a high of $3,322 and is trading around $3,290, with strong support at $3,260," he noted, adding that, "Unless the price breaks above $3,340$3,350, downward pressure is likely to continue."
Time of India
2 days ago
- Time of India
Ditch day plans, unwind by Delhi's lakes on summer evenings
Want to hang out with family and friends, but the sweltering heat is stopping you? Step out when the sun goes down and head to one of Delhi's many lakes, where the vibes are cool, the skies turn gold, and there's a lot to do – or not – as you unwind amid nature. Tired of too many ads? go ad free now From taking a walk with your doggo and listening to the birds sing to enjoying a boat ride – the city's water bodies offer a relatively cool and pretty chill way to spend summer evenings. We take you through the scenic lakeside spots in the city that you can visit over the weekend. Naini Lake A North Delhi gem, Naini Lake is perfect for paddle boating and evening strolls. 'The lake is visited by many residents and college-goers in the evening. A 30-minute paddle boat ride costs Rs130 for four people. The motorboat ride costs Rs250 for six people,' shares a Delhi Tourism employee. Naini Lake 'Good time to spot resident birds' While migratory birds have departed, resident birds can be spotted in and around the lakes of Delhi during late summer afternoons. Kavi Nanda, a member of Delhi Bird Foundation, shares, 'During this time, most lakes in Delhi are home only to resident species. One may spot egrets, spot-billed ducks and herons. There's a good chance of spotting spot-billed ducks with chicks or coming across active heronries, egrets, cormorants, storks and ibises. The green patches around these water bodies are also ideal for spotting summer birds like the Indian golden oriole, Asian koel and common hawk-cuckoo.' 'Good time to spot resident birds' Sunder Nursery Lake With floral blooms on both sides of the walkway, the lake at Sunder Nursery offers a picture-perfect pause amid the heritage gardens Sunder Nursery Lake "For centuries, water bodies – baolis, temple tanks – have served as places of social congregation for people. At Sunder Nursery, the five-acre lake is a favourite among families and groups of young friends. Here, screaming wild ducks, red-vented ibis, screeching owls and squaking mynas turn the evenings into a therapeutic retreat," says Ratish Nanda, CEO, Aga Khan Trust for Culture Bhalswa Lake Tucked away in Northwest Delhi, Bhalswa is a vast lake popular for its water sports and peaceful birding spots Bhalswa Lake Purana Qila Lake Adjacent to Delhi's historic fort, this lake is known for its view of the centuries-old fort Purana Qila Lake Hauz Khas Set against the backdrop of medieval ruins, Hauz Khas lake draws crowds for evening walks, jam sessions, photography and chilled-out evenings Hauz Khas
Business Standard
3 days ago
- Business
- Business Standard
Canara HSBC Life Insurance Declares Rs250 Crore Bonus for FY 2025
PRNewswire New Delhi [India], May 30: Canara HSBC Life Insurance Company Limited ("Canara HSBC Life Insurance"), has announced a bonus of Rs250 crore for FY25, benefiting around 2.27 lac policyholders as of 31st March 2025 holding participating policies with the Company. This bonus reflects the company's financial performance and dedication to delivering value to its customers. The total bonus amount declared by the Company in FY25 has grown by 7.90% as compared to FY24. Reaffirms policyholder trust and the company's financial strength through sustained value creation. All participating policies in force as of March 31, 2025 are eligible for this bonus. The declared bonus will be allocated to policyholders' accounts and will be payable upon policy maturity, surrender, or as per the policy terms. Anuj Mathur, MD & CEO, Canara HSBC Life Insurance while commenting on the announcement said, "We are pleased to declare a bonus of Rs250 crore for the financial year 2025, a reflection of our enduring financial strength, prudent investment strategy, and unwavering focus on creating long-term value for our policyholders. This milestone reinforces our commitment to delivering on the promises we make and to safeguarding the financial future of the families we serve. We are deeply grateful to our customers for their continued trust and confidence in Canara HSBC Life Insurance." In participating policies or with profit plans, life insurance companies share the profits in the form of bonuses with policyholders, reflecting a shared partnership between the insurer and policyholders. Bonuses declared in each financial year are accumulated and distributed upon policy maturity, death or surrender. Additionally, cash bonuses are paid out on specific policy events in accordance with policy conditions. About Canara HSBC Life Insurance: Incorporated in 2007, Canara HSBC Life Insurance Company Limited is promoted by Canara Bank and HSBC Insurance (Asia Pacific) Holdings Limited. Punjab National Bank is also a shareholder of the Company. As a bancassurance led insurance company with its corporate office at Gurugram, Haryana and more than 100 branch offices as of January 2025, pan India, Canara HSBC Life brings together the trust and market knowledge of public and private banks. For more than 15 years now, the Company sells and services customers through multiple channels and well diversified network of Canara Bank and the Indian branch of the Hongkong and Shanghai Banking Corporation Limited in multiple cities across the country. The Company has a vast portfolio of life insurance solutions and offers various products across individual and group space comprising of life, term plans, retirement solutions, credit life and employee benefit segments through partner banks, digital, and direct field force. With an aim to provide simpler insurance and faster claim process, the Company intends to keep the promises of their customers alive with their 'Promises Ka Partner' philosophy. Canara HSBC Life Insurance Company Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated April 28, 2025 ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of the Company at , the SEBI at the website of National Stock Exchange of India Limited at and the website of BSE Limited at and the respective websites of the Lead Managers at , and Investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the RHP which may be filed with the Registrar of Companies, Delhi and Haryana at New Delhi, in the future, including the section titled "Risk Factors". Potential investors should not rely on the DRHP filed with the SEBI, but should instead rely only on the RHP, in making any investment decision. The equity shares proposed to be offered in the initial public offering may not be offered or sold in the United States except pursuant to an exemption from, or in transactions not subject to, the registration requirements of the U.S. Securities Act of 1933, as amended. There will be no public offer of securities in the United States.
Express Tribune
3 days ago
- Express Tribune
Muggers snatch expensive phones
In mid-October of the current year, the FBR imposed a duty of Rs250 on mobile phones worth Rs15,000 or more while Rs300 was levied on cheaper handsets worth Rs6,000 or more. PHOTO: FILE An armed robbery occurred on Range Road in the jurisdiction of Westridge Police Station in Rawalpindi where robbers snatched expensive mobile phones. The robbers returned one of the phones to its owner, reportedly because it did not meet their preferences. CCTV footage of the incident has surfaced, showing a vehicle parked on the roadside as two motorcycle-riding suspects pass by. The footage revealed that the masked suspects return moments later, stop near the vehicle and confront several individuals standing nearby. One of the suspects remains on the motorcycle while the other approaches the group, brandishing a pistol. The armed suspect can be seen forcibly taking mobile phones from a young man and the vehicle's driver. However, in a surprising move, the suspect tosses one of the snatched phones back to the driver, apparently dissatisfied with its quality. Despite the presence of four people at the scene, the robbers fled easily with several high-end mobile phones. One of the bystanders was seen making a phone call immediately after the assailants fled.
