Latest news with #KrishnaReddy
Hans India
5 days ago
- General
- Hans India
Mega DSC exam final results released
Vijayawada: M V Krishna Reddy, convener, Mega DSC–2025 on Monday announced that the results of Mega DSC–2025 examination for the recruitment of 16,347 teacher posts in schools across the state have been released after thoroughly examination of objections received from candidates and revising the final key. Krishna Reddy in a statement said candidates can access the final results and scorecards through the official website of the school education department. Regarding TET details, if any discrepancies are found, candidates are given the facility to verify and correct their own TET details by entering their hall ticket number on the relevant website: This facility will be available only for two days (till 13.08.2025), he announced.
Time of India
5 days ago
- Politics
- Time of India
AP DSC mega recruitment results out
Vijayawada: The govt has released the results of the Mega DSC–2025 examination, conducted to fill 16,347 teacher vacancies in govt schools across the state. According to the School Education Department, the results were finalised after a thorough review of objections raised by candidates. Following the revision of the final key, the marks were processed through the normalisation method to ensure fairness in evaluation. Aspirants can now check their results and download their scorecards from the official website of the department. In addition, candidates have been provided a special facility to verify and correct their Teacher Eligibility Test (TET) details by entering their hall ticket number on the DSC portal: Convener of Mega DSC–2025, MV Krishna Reddy, informed that this TET correction facility will remain open only for two days, until August 13, 2025. After the deadline, no further changes will be entertained. The Mega DSC–2025 is one of the largest teacher recruitment drives in recent years, aimed at strengthening the state's education system by appointing qualified and competent educators to schools across Andhra Pradesh. 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
15-07-2025
- Business
- Time of India
MEIL's MD taps private credit funds Elham, DK, Oaktree to raise Rs 1,500 crore
Mumbai: PV Krishna Reddy , managing director of Megha Engineering & Infrastructures (MEIL), is in talks with Elham Credit Partners, Davidson Kempner, and Oaktree Capital , among others to raise about ₹1,500 crore in debt financing as part of a broader strategy to mobilise funds to buy out his uncle and patriarch PP Reddy's shareholding in the group, said people familiar with the matter. These funds are currently engaged in due diligence and are expected to take a final decision by August, the people said. ET was the first to report on June 9 that the two principal shareholders of Hyderabad-based MEIL, the Reddy uncle-nephew duo, are finalising a family settlement which will lead to Krishna Reddy buying out uncle Pamireddy Pitchi Reddy's controlling 51% equity holding for ₹12,000-₹15,000 crore, three decades after the two began their entrepreneurial journey manufacturing and supplying small pipes to municipalities. Krishna owns the remaining 49%. MEIL has since emerged as a $5-billion, privately-held infrastructure conglomerate. Reddy has been weighing options between banks and private credit funds to raise ₹1,500 crore, eventually opting for latter as pricing is in line with expectations. The funds are likely to be raised at an internal rate of return (IRR) of 16.5-17%, a banker familiar with the matter said, adding that the funding would be required by next month. The money will be raised against Reddy's shares as collateral. However, there is still no guarantee that Reddy will agree on the final terms, despite having an imminent payment deadline, said the people mentioned above. "While discussions initiated in the beginning of the year, talks moved this month, and due diligence is still underway," one of the persons said. The settlement has to be wrapped up by March 2027. Against payment schedule for ₹15,000 crore amount, only ₹1,000 crore has been paid. Agencies Spokespeople at Oaktree and Davidson Kempner declined to comment and Elham Credit did not respond to requests for comment. Krishna Reddy could not be reached for comment. MEIL, known for its strong presence in irrigation and drinking water projects which still account for 52% of its total order book, has diversified into new sectors such as roads, power, and hydrocarbons, which contribute 18%, 13%, and 11% respectively of outstanding orders, Acuite Ratings said in a report in January. Live Events The company, which was the second highest buyer of electoral bonds in 2024 elections, had seen consolidated revenue grow 34% to ₹42,442 crore in FY24 from ₹31,766 crore in FY23. Growth was primarily led by a strong performance in its standalone EPC business, which rose to Rs 31,904 crore in FY24 from Rs 25,838 crore the previous year. Standalone order book grow to Rs 2,28,134 crore as of November 30, 2024, 7.15 times more than its FY24 standalone revenue. The company also secured fresh orders worth Rs 21,592 crore till December 2025. Other than tapping the funds, Reddy's plans to raise the requisite funds includes partial or full stake sales in a raft of businesses or assets like a power transmission project in western Uttar Pradesh, for which he has been in dialogue with Adani Group and prior to that Brookfield. Through this single sale of the interstate transmission lines and the substation network, he is aiming to raise Rs 7,000 crore, or nearly half of the total amount needed. Negotiations have also been taking place with some of the largest global funds to divest the city gas unit. Megha City Gas is operational in 62 districts across eight states including Punjab, Maharashtra, Madhya Pradesh, Andhra Pradesh and Tamil Nadu, ET had reported. The operations and maintenance wing of Olectra Greentech , the only listed entity of the group, may also be hived off to raise funds, said the people cited. Megha Engineering is the promoter of the company that makes e-buses and composite polymer insulators with a 50% stake. ETMarkets WhatsApp channel )
Time of India
27-06-2025
- Business
- Time of India
Man loses Rs 52k due to typo in insurance payment: Consumer court finds both banks at fault; ordered to refund with 10% interest
I struggle to understand my online banking. The interface is confusing, and the insurance document is overwhelming. HYDERABAD: What began as a routine health insurance payment turned into a two-year battle for 69-year-old Vanga Krishna Reddy, involving two banks, an insurance firm, and eventually a consumer court. A single-digit error while transferring Rs 52,659 online for policy renewal in June 2023 led to the amount being transferred into a wrong account - and staying there. Krishna Reddy, a Peerzadiguda resident, used his bank's app to pay for his health insurance renewal three days before the deadline. In haste, he mistyped one digit of the beneficiary account number. The amount didn't reach the insurer. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Realising the mistake, he immediately made a second payment with correct details to keep the policy active. But the first transaction of Rs 52,659 was lost in digital limbo. Krishna Reddy acted quickly and informed the bank. "They said they'd look into it. But after that, there was complete silence," he stated. His bank initially acknowledged the mistake and raised a chargeback with the receiving bank. But things stalled when the other bank replied: "Customer cannot be contacted for obtaining debit confirmation." Reddy approached the Ranga Reddy District Consumer Disputes Redressal Commission in May 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo During hearings, his bank claimed it followed procedure and bore no fault. The other bank failed to appear. The commission ruled both banks guilty of service deficiency. It said even if the customer erred, banks are responsible for verifying mismatches between account numbers and beneficiary names. The two banks will jointly refund the 52,659 with 10% annual interest.
Time of India
26-06-2025
- Business
- Time of India
Man loses money due to account number error, court orders banks to pay up
Hyderabad: What began as a routine health insurance payment turned into a two-year battle for 69-year-old Vanga Krishna Reddy, involving two banks, an insurance firm, and eventually a consumer court. A single-digit error while transferring Rs 52,659 online for policy renewal in June 2023 led to the amount vanishing into the wrong account — and staying there. Krishna Reddy, a Peerzadiguda resident, had used his bank's mobile app to pay for his health insurance renewal just three days before the deadline. In haste, he mistyped one digit of the beneficiary account number. Though the transaction showed as 'successful,' the funds didn't reach the insurer. You Can Also Check: Hyderabad AQI | Weather in Hyderabad | Bank Holidays in Hyderabad | Public Holidays in Hyderabad Realising the mistake only after receiving no confirmation of renewal, he immediately made a second payment with correct details to keep the policy active. But the first transaction of Rs 52,659 was lost in digital limbo. Krishna Reddy acted quickly and informed the bank. 'They said they'd look into it. But after that, there was complete silence,' the complainant stated. His bank initially acknowledged the mistake and raised a chargeback with the receiving bank. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo But things stalled when the other bank replied: 'Customer cannot be contacted for obtaining debit confirmation.' Left with no resolution, Krishna Reddy approached the Ranga Reddy District Consumer Disputes Redressal Commission in May 2024. During hearings, his bank claimed it followed procedure and bore no fault, having never received the money. The other bank failed to appear and was declared ex-parte. The commission ruled both banks guilty of service deficiency. It noted that even if the customer erred, banks are responsible for verifying mismatches between account numbers and beneficiary names — something neither did. The court observed that the banks showed apathy despite being alerted. This caused financial loss and mental agony, the court said and directed the two banks to jointly refund the Rs 52,659 with 10% annual interest, along with Rs 10,000 each towards compensation and legal expenses.
