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Time of India
28 minutes ago
- Time of India
Fradusters cheat retired govt accountant out of Rs1.5cr in online share fraud
1 2 Pune: Online fraudsters cheated a retired central govt accountant out of Rs1.57 crore after promising him handsome returns on investment in online trade of shares. The retired official, an employee of Wadgaon Sheri, lodged a complaint with the Cyber police on Tuesday. According to the police, he received a message on his messaging application in March urging him to invest in stocks to generate handsome income. Senior inspector Swapnali Shinde of the cyber police said, "The suspects promised the victim over 20% profit in just a few months. The retired official read the message and decided to contact its sender. His number was then added to a group on the messaging application. He then contacted the group admin, who promised to help him in trading shares and generating profit." You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune | Gold Rates Today in Pune | Silver Rates Today in Pune According to the FIR, the suspects sent him documents of their share trading firm on the messaging application. It had seals and stamps of the company. They even claimed that their firm was registered with the Sebi. The complainant, after getting the seals and stamps, trusted the group admin. "The suspects then told the victim to download a stock trading application. He downloaded it and started trading shares with tips from the suspects," the FIR stated. The suspects then promised to help the victim buy high-value shares and shared six bank account details with him. The retired govt official transferred money to these accounts on 11 occasions, the FIR stated. "In all, he transferred Rs 1.57 crores. The victim's application showed a sum of Rs2.93 crore as the collective sum of his investment and profit generated on the app. When he decided to sell off the shares for profit, the suspects demanded various fees and taxes. The victim then realised the cheating and approached the police. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.


Time of India
28 minutes ago
- Time of India
Rain damages roads posing logistics challenge to Palda industrialists
Indore: Recent rainfall has resulted in sludge and potholes on roads in one of the city's oldest industrial belts, Palda, leaving industrialists struggling with damaged roads and logistics challenges. Tired of too many ads? go ad free now Palda, which is home to over 400 industries, is grappling with poor infrastructure, hindering the timely transportation of goods to industries, said industrialists. Local industrialists said that deteriorating road conditions have led to deep potholes and hazardous driving scenarios, causing delays in movement of raw material and finished products. Palda Industrial Association secretary Harish Nagar expressed frustration over the situation, saying, "Industries in Palda have significantly limited their transportation activities due to damaged roads, which are not being repaired since long. We contribute approximately Rs 5 crore annually in property tax to the civic authority, yet basic infrastructure improvement remains unmet." Industrialists added that poor condition of roads and drainage systems have been repeatedly brought to the attention of Indore Municipal Corporation and relevant departments, yet appropriate action has not been taken to address these critical infrastructure needs. Another industrialist Komal Agrawal, who operates a dal mill in Palda said, "Damaged roads are not only affecting operational efficiency but also jeopardises the safety and integrity of goods in transit. Workers too are feeling the impact, as many find it increasingly difficult to reach their workplaces." Industries claim the poor condition of roads is hampering day-to-day operations and attendance of employees.


Time of India
28 minutes ago
- Time of India
Despite warnings by RPSC, attendance still low in exams
Ajmer: Despite making strict rules and issuing warnings to ensure that attendance in its recruitment exams is high, Rajasthan Public Service Commission (RPSC) continues to face the problem of a large number of absentees. The secretary of RPSC released a notification on May 9 this year, stating that if a candidate remains absent in two or more recruitment exams, their one-time registration will be blocked. To reopen the registration, a penalty of Rs 750 would have to be paid. A penalty of Rs 1,500 would have to be paid by those who remain absent in four exams. The commission also warned e-mitras against filling applications on behalf of candidates. Efforts were also made to prevent ineligible candidates from filing applications. "The RPSC has to prepare exam halls for a large number of candidates, but when most of them remain absent, it is a waste of money and efforts," said an official of RPSC. However, attendance in recruitment exams conducted by RPSC has not increased as yet. Exams conducted in July and Aug saw low attendance. On Wednesday, the recruitment exam for analyst-cum-programmer and deputy director in department of DOIT &C, for which 7,367 candidates applied, saw only 3,170 in the morning session and 3,157 in the evening session, a 42.85% attendance. In the assistant fisheries development officer exam on July 29, the attendance was only 5.88%: of the 4,118 candidates who applied, only 242 appeared. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.