Latest news with #MOSUtilityLimited
Time of India
30-05-2025
- Business
- Time of India
Gym owner's expansion dream sunk by 50L investment fraud
Ahmedabad: A gym owner from the city hoping to expand his business was allegedly cheated out of Rs 50 lakh by a group of individuals who promised high returns through investments in a company. Tired of too many ads? go ad free now He had saved the money for his expansion plans, he stated in his complaint filed with CID Crime on Thursday. According to case details, the man runs a fitness centre with branches in Gota, Bodakdev, and Makarba. From Rs 50 lakh saved from profits, he was planning to open a fourth branch near Akhbarnagar. The complaint states that he shared this plan with a friend who introduced him to a man claiming to offer investment schemes with good returns via RTGS. The complainant met several individuals, including a man named Madhavrao Ugale and others, at different locations in Ahmedabad and Surat. He was shown documents of a company named MOS Utility Limited and was assured of high returns through legal bank transactions. On March 19, the complainant and his team went to an office in Surat where a person named Sudhir, posing as an employee of a firm named Patel Rajeshkumar Kantilal Angadia Pedhi, accepted the Rs 50 lakh in cash. He gave them a torn Rs 10 note and instructed them to return with it to receive their investment back. Sudhir then left saying he was going to another branch to count the money, but never returned. The complainant later found out that the office and the man's business card were fake, and the angadia firm was fictitious. Only Rs 40,000 was returned through multiple small RTGS transactions. A cheque of Rs 50 lakh issued later by one of the accused also turned out to be fraudulent. Tired of too many ads? go ad free now The complaint names Madhavrao Ugale, Sudhir, a man identified as Vicky, and one Ankit Kumar Mishra from Surat, and an unnamed person, and accuses them of forming a group to deceive the complainant using fake documents and setups. CID Crime has booked them under the Bharatiya Nyaya Sanhita for cheating and criminal breach of trust.
India.com
16-05-2025
- Business
- India.com
Stock market update: MOS Utility shares in as company shares update regarding new launch
Stock market update: Shares of MOS Utility are in focus today as the company has announced exchanges about the launch of Q-BRIDGE – a comprehensive and inclusive fintech solution with the aim of unifying financial services for all Indians, especially those in rural areas. The stock opened flat at Rs 292.15 but soon gained momentum and touched a high of Rs 298.50. Last seen, it traded firmly in green at Rs 293.50 – a gain of Rs 1.35 from the previous close of Rs 292.15. The 52-week high of the stock is Rs 374.95, and the 52-week low is Rs 150. The company said that the Q-BRIDGE is engineered to connect consumers, merchants, financial institutions, and digital platforms, creating a collaborative ecosystem that empowers urban and rural communities alike. Among the key services offered under that platform are – Quick Response Code Acceptance, Banking CSP (Customer Service Points, Remittance/DMT, IRCTC Railway Ticket Booking & Tourism Services, Digital Transactions & Financial Services, Gateway PG/POS Ecosystem, Ecosystem through CMS (Cash Management System) and others. MOS Utility Limited, a fintech company, offers different types of Fintech and Utility Payment Solutions services to businesses and individuals. With a customer-centric approach, the company is committed to delivering seamless and secure fintech solutions that enhance accessibility and drive financial inclusion. Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Friday amid emergence of profit-taking after a sharp rally in the previous trading session. Markets were dragged lower due to selling in IT stocks and a largely weak trend in Asian markets. After a weak start to the day, the 30-share BSE benchmark gauge Sensex further declined 252.97 points to 82,277.77 in early trade. The NSE Nifty dropped 67.6 points to 24,994.50. From the Sensex firms, Bharti Airtel, IndusInd Bank, State Bank of India, Infosys, Power Grid, HCL Tech, Tech Mahindra and Mahindra & Mahindra were the major laggards. Eternal, NTPC, Adani Ports, Bajaj Finance and Bajaj Finserv were among the gainers.
