Tech Mahindra's Q1 profit up 34% to 1,141 crore, revenue rises nearly 3%
Revenue at the nation's fifth largest software service provider rose 2.7% from a year earlier to Rs 13,351 crore. Its largest region for business, the Americas that accounts for nearly half of its revenue, posted an almost 6% drop in revenue, but growth in Europe and the rest of the world more than offset the impact.
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Time of India
40 minutes ago
- Time of India
Rs 5,000 to register mutually divided ancestral property
1 2 Lucknow: The department of stamp and registration is working on a proposal to cut down stamp duty for partition of properties from 7% of the value of a property to a flat Rs 5,000. Partition of property refers to division of ancestral property among various claimants. Due to the high cost of registration of 'aapsi sehmati' or mutual consent settlements, families end up going to revenue or civil courts which means that matters can get dragged on for months, if not years. By easing registration charges, the government hopes to reduce pendency in civil and revenue courts. An official confirmed that the proposal will be taken to Cabinet for clearance in about a month. Partition of property is when the co-owners of a property mutually agree to divide the property among themselves and accordingly get it registered under Article 45 of the Registration Act, 1908. For instance, if an ancestral house is owned by two siblings, and two generations down they have 16 descendants, then the property needs to be divided into 16 parts, which includes the decision on which part of the property goes to whom. "Registration of stamp duty is 5% of the property price in Noida and 7% in the rest of the state. To avoid this cost, families end up going to the revenue department or to civil courts which could take months to dispose of each matter. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like How Much Does It Cost to Rent a Private Jet - The Prices May Surprise You! Private Jet I Search Ads Learn More Undo This process can be completed in just five minutes through mutual agreement now. To reduce this burden, a flat rate of Rs 5,000 per registration has been proposed," said minister Ravindra Jaiswal. In fact, the idea to reduce registration to a flat rate was mooted by chief minister Yogi Adityanath in 2024 not just to reduce pendency in courts but since in the case of partition there is no sale or purchase of property but just division, it was felt that high registration rates were unfair on citizens. Meanwhile, other aspects of property settlement within families where a similar reduction in stamp registration can be expected within the next few months include settlement under Article 58 of the Registration Act, 1908, where a person distributes property among heirs while still alive, release, and exchange of ancestral properties.
Time of India
40 minutes ago
- Time of India
Fees in some state medical colleges slashed, up 50,000 to 1L in others
Mumbai: In a quiet recalibration of what it costs to become a doctor in Maharashtra, the Fee Regulating Authority (FRA) has taken the scalpel to annual medical college fees—slashing some, nudging others. Tired of too many ads? go ad free now Leading the markdown was Vedantaa Institute of Medical Sciences (VIMS), Palghar, a college known for its high fees. The FRA, after two days of deliberations this week, trimmed its MBBS fees from Rs 17.03 lakh to Rs 15.57 lakh, making this one of the steepest fee corrections the regulator pushed through in recent years. FRA also pulled down its annual PG (MD/MS) fees from Rs 19.32 lakh to Rs 13.11 lakh—a Rs 6.21 lakh drop that left aspirants sighing in relief. This is followed by the annual fees at Kashibai Navle Medical College and Somaiya Medical College. For most other colleges, the FRA chose to push up fees, and the hikes hovered between Rs 50,000 and Rs 1 lakh. At the upper end, BKL Walawalkar Rural Medical College in Chiplun (Ratnagiri) saw a Rs 1.06 lakh rise in its MBBS fee tag. Over at Nashik, SMBT Institute of Medical Sciences was cleared to charge Rs 1.18 lakh more fee for its MD/MS course. "If EWS quota has to be implemented in private colleges, it will change the dynamics of the fees set. We are seeking clarity from the state on this aspect," said the principal of a medical school. While the medical seat matrix is yet to be declared, one private college is slated to get approval from the National Medical Commission. The FRA has set the ad hoc fees for first-year MBBS at Rs 8.5 lakh. "It is heartening to see that fees of certain colleges have been reduced. We have been recording that while fees ought to have increased by 5%, the hikes in the past few years were a lot more," said parent representative Sudha Shenoy. However, Shenoy urged the FRA to press upon colleges to not make hostel fees mandatorily payable and use of hostel be kept optional.
Time of India
40 minutes ago
- Time of India
‘Don't run, they'll shoot you': Brother recalls last words before cops took Surmukh to his death
1 2 Amritsar: A CBI court's order to sentence a former SP to 10 years in prison for killing two constables in a staged encounter on April 18, 1993, has stirred up painful memories for Kashmir Singh, whose elder brother, Surmukh Singh, was one of the victims. Sitting at his home in Mucchal village, 30km from here, Kashmir remembered how his brother saved his life when he saw him the last time. He, however, was of the view that the court's verdict was too lenient and three other personnel, who were acquitted, too should have been held accountable. "On that fateful day, a police team arrived at our home and picked up Surmukh. When I questioned why he was being taken away, they misbehaved with me. When I insisted, they grabbed me by the legs, bundled me into their vehicle, and drove off," he said. The CBI court in Mohali handed down the 10-year sentence to retired SP Paramjit Singh, the SHO of Beas police station in 1993, on Wednesday. Kashmir said after traveling a short distance, the cops stopped the vehicle and told him to get down and run. "But Surmukh, who was tightly held by the police, called out to me: 'Don't run; if you run, they will shoot you'. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo I did not move a step. The police then drove off with my brother. That's how he saved my life," Kashmir added. The court acquitted former inspector Dharam Singh (77), the then SHO of Lopoke police station; and ASIs Kashmir Singh (79) and Darbara Singh (71), citing lack of evidence. Kashmir sought capital punishment for the guilty policeman. Surmukh's son, Charanjit Singh, who was not even born when his father was killed and who was present in court when the former SP was sentenced to 10 years in prison, vowed not to stop till everyone was brought to book. "The sentence is too less for the crime they committed. I will not stop here. I will move to a higher court," he added. Though Charanjit had been recruited as a Punjab Police officer in 2012, he was never recruited as he had been tagged "son of a terrorist". He now works as a private driver, earning Rs 9,000 a month. Charanjit, a father of two, demanded the govt issue his appointment letter, along with compensation and job-related benefits for the 13 years he was unable to join the service. An acquaintance of Surmukh and resident of Muchhal village, Balbir Singh Muchhal said 10 years was nothing. "When those entrusted with the law break it, their punishment should reflect the gravity of that betrayal," he added.
