Latest news with #675
Daily Express
24-05-2025
- Daily Express
Local man held, 5,270kg cooking oil seized in Semporna
Published on: Saturday, May 24, 2025 Published on: Sat, May 24, 2025 By: Azmie Lim Text Size: The suspect and the seizures. SEMPORNA: The General Operation Force (GOF) detained a local man and seized 5,270kg of packet cooking oil in an operation on Wednesday. The items worth RM15,675 were seized in the 'Ops Bersepadu Intra/Inter Agensi Op Taring Bravo 2' conducted by the Intelligence Unit/Task Force of Kunak 22nd Battalion and Ministry of Domestic Trade and Cost of Living (KPDN) at Kampung Seri Melor. Sabah GOF Commander Datuk Abdul Rani Alias said acting on intelligence, the team raided a house in the village and found 310 boxes containing 5,720 packets of 1kg cooking oil. A local man was detained to assist in investigation as he failed to produce documents proving ownership or storing the subsidised items. Preliminary investigation revealed that the subsidized items were supplied by individual(s) from other district and the suspect was believed involved in buying and selling the items since early 2025, he said. Rani said investigation is ongoing under the Control of Supplies Act 1961. Advertisement He said the operation showed continuous commitment of the enforcement agencies to curb smuggling activities involving subsidized items that affect the people and local economy. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
23-05-2025
- Daily Express
Local man held, 5,270kg of cooking oil seized in Semporna
Published on: Friday, May 23, 2025 Published on: Fri, May 23, 2025 By: Azmie Lim Text Size: SEMPORNA: A local man was detained and 5,270kg of subsidised cooking oil worth RM15,675 seized during a raid in Kampung Seri Melor on Wednesday. The operation, conducted under "Ops Taring Bravo 2" by the General Operations Force (GOF) Kunak 22nd Battalion and the Domestic Trade Ministry (KPDN), uncovered 310 boxes containing 1kg oil packets. GOF Sabah Commander Datuk Abdul Rani Alias said the man failed to show documents for the items, believed to have been sourced from another district. He is suspected of trading in subsidised goods since early 2025. Advertisement The case is being investigated under the Control of Supplies Act 1961. Authorities pledged continued efforts to curb smuggling of subsidised items. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Reuters
15-05-2025
- Business
- Reuters
India's JSW Energy posts quarterly profit rise on strong demand
May 15 (Reuters) - India's JSW Energy ( opens new tab posted a rise in fourth-quarter profit on Thursday, driven by strong demand amid soaring temperatures. The company's consolidated net profit rose 16.1% to 4.08 billion rupees ($47.7 million) in the quarter, from 3.51 billion rupees in the year-ago period. Revenue from operations rose 15.7% to 31.89 billion rupees. For further results highlights, click (Full Story) KEY CONTEXT Power demand grew steadily in the January-to-March quarter due to rising temperatures in the country, including early heatwaves in parts of India. India's power demand during the quarter rose 3.2% year-on-year to 414 billion units, the company said. JSW Energy generates 8,400 megawatts (MW), with 3,508 MW from thermal, 1,391 MW from hydro, 2,826 MW from wind and 675 MW from solar. Peer Tata Power ( opens new tab reported a fourth-quarter profit surge on strong power demand, while Torrent Power's ( opens new tab profit more than doubled due to lower costs. PEER COMPARISON * The mean of analyst ratings standardised to a scale of Strong Buy, Buy, Hold, Sell, and Strong Sell ** The ratio of the stock's last close to analysts' mean price target; a ratio above 1 means the stock is trading above the PT JANUARY-MARCH STOCK PERFORMANCE -- All data from LSEG -- $1 = 85.4590 Indian rupee
Time of India
14-05-2025
- Business
- Time of India
EKA Mobility ties up with GreenCell to deploy 750 electric buses in Andhra Pradesh
includes both 9-metre and 12-metre buses. The deployment follows CESL 's issuance of the Letter of Confirmation of Quantity (LOCQ) and Rajasthan's LOA for 675 electric buses , marking a significant step in India's e-mobility journey. EKA Mobility will provide 129 nine-metre buses and 621 twelve-metre fully electric buses that will be deployed across Amravati, Anantapur, Kadapa, Kakinada, Kurnool, Rajahmundry, Nellore, Guntur, Vijayawada, Visakhapatnam, and Tirupati. 'We are proud to partner with the Government of Andhra Pradesh and collaborate with GreenCell Mobility to deliver green, smart, and efficient transportation solutions for the people of the state. This partnership marks a significant step toward building smarter, more sustainable cities across India," Sudhir Mehta, Founder & Chairman of EKA Mobility & Pinnacle Industries said. Echoing the sentiments, Devndra Chawla, MD & CEO, GreenCell Mobility, mentioned: "We are honoured to join hands with the Government of Andhra Pradesh to support the state's transition to sustainable public transport. This project is a major milestone in our mission to transform mass mobility through zero-emission electric buses. Together, we are enabling cleaner cities, generating green jobs, and building a more sustainable future for millions"
Daily Tribune
20-03-2025
- Business
- Daily Tribune
Investors sue real estate firm over unfinished homes and refunds
TDT | Manama A real estate firm is facing legal action after failing to deliver homes it had promised to buyers under a buyback arrangement. Investors who had paid in full for residential units are now seeking to have their contracts cancelled and their money refunded, with BD161,675 at stake. The cases, brought against the company and its owner, argue that the firm breached its agreements by neither completing the properties nor transferring ownership as required. The claimants, three in total, had signed preliminary sale and purchase agreements with the company. The first, along with his partners, bought an off-plan unit for BD72,000, fully paid. On the same day, they also signed a resale agreement, under which the property was to be sold back to the company for the same amount. Sale contract Construction was meant to be completed within a year. It wasn't. No final sale contract was signed either. A similar agreement was reached between the company and the second and third claimants, who together paid BD85,000. Their unit, too, was never finished. The company also failed to make two months' rent payments totalling BD4,675 under a separate lease agreement. With no progress and no sign of their money being returned, the claimants took the matter to court. The court examined the sale and purchase agreements, noting that they bore signatures attributed to both sides. The company had raised no objections to the agreements nor challenged the fact that full payment had been made. No evidence was presented to show any real steps taken towards completing the units or transferring ownership. Contractual obligations The court found the company had broken its contractual obligations by failing to hand over the properties despite having received the full purchase price. In the first case, the court ordered the company to return BD72,000 to the claimant, with legal interest set at 1 per cent per year from the date of the claim until full repayment. It was also told to cover legal fees and court costs, including BD1,500 for legal representation.
