The News Journal

Rajeev Jhawar Usha Martin has been the Managing Director of Usha Martin Limited since May 19, 2008.   He is also a director of Neutral Publishing House Limited.   Rajeev Jhawar has been the Vice Chairman of Usha Martin Education and Solutions Limited since September 2010.   The company has been bringing rich experience in the management of industrial enterprises for more than a decade.   His leadership qualities, sharp business acumen, deep understanding of business administration and strategic decisions led the group to a higher growth trajectory. Rajeev Jhawar shares his observation about the industry post covid. After the coronavirus, the industry witnessed a pandemic and subsequent lockdown disrupted overall economic activity. The Indian steel industry struggled to keep pace with the sharp fall in steel demand.   Adverse market conditions forced steelmakers to cut their operations by up to 50% by the end of 2019-20 and early 2020-21. Rajeev said while th...

Property prices in Saudi Arabia's capital Riyadh rose at their fastest pace in at least five years, according to a new report. Apartment prices rose by 20 per cent on average in the past 12 months while villa prices were up 18.6 per cent, property consultancy Knight Frank said. However, deal numbers have declined 27 per cent in the past year as households find themselves needing to save for longer before being able to transition to home ownership. Transaction volumes across the kingdom fell to 60,000 during the first quarter, although total deal values receded by only 2 per cent to 40.4 billion Saudi riyals ($10.8 billion), reflecting the significant price growth “The spectacular house price growth in the kingdom mirrors what we are seeing around the world,” said Faisal Durrani, partner and head of Middle East research at Knight Frank. READ MORE : https://www.thenationalnews.com/business/property/2022/05/30/riyadh-property-prices-rise-at-fastest-pace-in-five-years/

A man from Mumbai has been duped of ₹ 1.57 crore in a cryptocurrency investment scam. The 36-year-old, a resident of a resident of Napean Sea in Mumbai's upscale Malabar Hill area, has now accused a website of trapping him into investing in cryptocurrency mining schemes. The accused said that a fake website trapped him in the investment scheme. The case has been registered at the Malabar Hill police station. According to a report in the Hindustan Times, the complainant befriended the accused online in October 2021. The accused began contacting him about cryptocurrency mining after a few days. The accused told the complainant that by investing in cryptocurrency mining hardware through the website ‘USD Miner' he could make a lot of money. The accused also told him about a number of strategies he might utilise to make money. The complainant was interested in the idea and chose to invest. The complainant continued to invest more and more money on the accused person's instructio...

The FBI is investigating the authenticity of more than two dozen paintings displayed in a Jean-Michel Basquiat exhibit in Orlando, Fla., the New York Times reports. A federal subpoena dated July 27, 2021, states that 25 paintings in the Orlando Museum of Art’s “Heroes & Monsters: Jean-Michel Basquiat” exhibit are being examined by the F.B.I.’s Art Crime Team, the Times reported. Concerns about the authenticity of the art include a claim that the FedEx typeface featured on a piece of cardboard in the collection was not created until 1994, six years after Basquiat’s death, the Times reported in February. The owners of the paintings and the museum’s director have defended the legitimacy of the works, which were reportedly made by the Neo-expressionist artist in 1982 on pieces of scavenged cardboard and recovered in 2012 from a storage unit in Los Angeles. “We have a rigorous standard in our business,” Orlando Museum of Art Director and CEO Aaron De Groft told WESH 2 in February ,w...

Several health agencies in the United States and Canada are investigating a hepatitis A outbreak potentially connected to organic strawberries purchased in March and April.  The U.S. Food and Drug Administration warned consumers against eating strawberry brands FreshKampo and HEB, sold at major grocery stores including Aldi, Kroger, Safeway, Sprouts Farmers Market, Trader Joe’s, Walmart and other major chains. “Epidemiologic and traceback data show that fresh organic strawberries sold as FreshKampo and HEB brands that were purchased between March 5, 2022, and April 25, 2022, are a likely cause of illness in this outbreak,“ the agency said. The FDA, Centers for Disease Control and Prevention, the Public Health Agency of Canada and the Canadian Food Inspection Agency, along with state and local partners, are investigating the infections, according to an announcement.  Hepatitis A cases reported in California, Minnesota and Canada were traced back to people who purchased the orga...

Arguably the biggest shock of this turbulent year for investors is that the gold price is not going through the roof. After surging at $2,052 an ounce on March 8, it has slumped to about $1,850 at the time of writing ― a drop of 9.8 per cent. Gold is in correction territory, which is odd, given that for thousands of years it has been seen as a safe haven in times of trouble, and these are undoubtedly troubled times. Most investment experts say every portfolio needs a sprinkling of gold dust to hedge against riskier assets such as shares. When stock markets lose their lustre, gold usually glitters. But not this year. Gold is often seen as an inflation hedge, too, but rocketing consumer price growth hasn’t lifted it. Does gold no longer work? Gold is often seen as an inflation hedge, too, and investors certainly need one of those right now, with shares falling everywhere and New York’s Nasdaq tech index down more than a quarter. Read More : https://www.thenationalnews.com/business/money/...

Iran’s seizure of two Greek-flagged oil tankers in Gulf waters is “a serious violation of international law”, France’s foreign ministry said on Sunday, calling for the immediate release of the ships and their crews. Iran’s Revolutionary Guards seized the Greek tankers on Friday, days after Athens confirmed it would deliver to Washington Iranian oil it had seized from a Russian tanker. “We call on Iran to immediately release the crews and vessels,” a French foreign ministry spokesperson said in a statement. Read More : https://www.khaleejtimes.com/world/france-denounces-irans-seizure-of-two-greek-tankers