Latest news with #Rs1.50
Time of India
02-06-2025
- Time of India
Op Thunder: Hookah parlours raided at 3 locations, 36 held
Nagpur: In a major crackdown on illegal hookah parlours across the city, the city police raided three locations, arrested 36 individuals and seized material worth Rs1.50 lakh under 'Operation Thunder' which continued on Saturday past midnight. CP Ravinder Singal has also issued a 24-hour ultimatum to all illegal hookah parlours, e-cigarette shops and other illicit operations to cease activities immediately or face severe consequences, including long-term closure, sealing of premises, and seizures. The raids, spearheaded by the anti-narcotics cell under senior inspector Gajanan Gulhane, were executed in collaboration with Sitabuldi and Ambazari police stations. The first raid targeted a café and lounge in Gokulpeth, under Sitabuldi police station jurisdiction, where 28 individuals were caught using hookah. The police seized 14 hookah pots, hookah flavours, cylinders, pipes and other material valued at Rs30,000. The second raid was conducted at a café near Laxmi Bhuvan Chowk, under Ambazari police limits, where six individuals were apprehended. The cops confiscated 15 hookah pots, 13 chillums, 22 pipes, hookah flavours, a laptop and other items, in all worth Rs72,370. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo In the raid at another café near Laxmi Bhuvan Chowk, one of its owners and one worker were detained. Items seized included 17 hookah pots, 33 pipes, hookah flavours, a laptop and other material valued at Rs47,060. CP Singal told The Times of India, "All illegal hookah parlours, shady joints or establishments offering prohibited services or selling banned items like e-cigarettes and flavoured tobacco must shut down within the next 24 hours. If our teams raid these premises after this deadline, they will face severe actions, including long-term closures and sealing of properties. Last week, crime branch teams raided 17 locations across Nagpur in a crackdown on illegal storage, supply and sale of imported e-cigarettes, prohibited flavoured tobacco and other banned substances. The operation, conducted under the guidance of CP and DCP (crime) Rahul Maknikar, led to the seizure of material worth over Rs43 lakh. Offences were registered against 26 individuals across 13 police stations. The Nagpur police have urged citizens to report any illegal hookah parlours, drug sales or consumption, assuring that identity of the informant will be kept confidential. "We are committed to making Nagpur a safer city. Public cooperation is vital in this fight against illegal activities," said a police spokesperson.
Time of India
17-05-2025
- General
- Time of India
Built at 1.5 crore in 2019, Amma Thirumana Mandapam in Coimbatore is yet to benefit public
Coimbatore: The Amma Thirumana Mandapam , constructed at a cost of Rs1.50 crore at Achipatti near Pollachi in 2019, remains unopened for public use and is poorly maintained. As a result, residents are forced to rent private marriage halls at a higher cost. The hall was built with funds from the Pollachi MP Local Area Development Scheme to benefit economically weaker and middle-class families. However, following the demolition of the old Pollachi South block development office building, the office was temporarily relocated to the marriage hall in 2021. After the new block development office building was completed, the south union office was moved there, leaving the marriage hall neglected. The building has since been overgrown with bushes, while remaining unused for more than a year. K Balamurugan, a resident of Pollachi, said the building's current state was the result of a tussle between the rural development department and the Pollachi municipality. "Not a single wedding has been conducted there so far. The purpose for which the hall was constructed has been defeated," he said, urging the municipality to clean, maintain and bring the hall into use for public welfare . When contacted, municipality commissioner M Ganesan said while the land (1.25 acres) on which the hall was constructed belonged to the municipality, the same was under the jurisdiction of Achipatti panchayat. "Permission for the construction was obtained from the municipality by then MP, but the building was not officially handed over to us after construction. In the meantime, the block development office functioned there temporarily. Later, a compound wall was constructed around the hall using Rs25 lakh from the rural development department without the municipality's approval," he said. After the block development office was shifted to its new premises, the rural development department demanded Rs25 lakh from the municipality in return for handing over the hall, he said. "We took up the matter with the previous district collector, who ordered that the building be handed over to the municipality after an inquiry. Following that, we estimated that it would cost around Rs30 lakh to renovate the building, including replacing tiles, repairing toilets and carrying out painting work. We are now in the process of inviting tenders and will issue the work order soon. The renovation is expected to be completed within three months, after which the hall will be opened for public use," he said.
Mint
09-05-2025
- Business
- Mint
Kalyan Jewellers shares rise post Q4 results, dividend announcement amid falling markets due to India-Pakistan conflict
Stock Market Today: Kalyan Jewellers shares gained in the morning trades on Friday post Q4 results announced by the company after market hours on Thursday. Company also announced dividend. The Kalyan Jewellers share price gained up to 3% was despite falling following due to India-Pakistan conflict Kalyan Jewellers India Ltd anounced that its consolidated net profit for the fourth quarter of the fiscal year 2024–2025 (FY25) increased 36% year over year (YoY) to ₹ 188 crore. In the same quarter of the previous fiscal year, the net profit stood at ₹ 138 crore. In the meantime, Kalyan Jewellers operating revenue in Q4 FY25 increased 37% YoY to ₹ ₹ 6,182 crore, up from ₹ 4,525 crore in the same quarter last year. One of the lading jewelry stores in India, Kalyan Jewellers has its headquarters in Thrissur, Kerala, and is also present in the US and the Middle East. According to the company, its net profit and standalone India revenue for Q4 FY25 were at ₹ 185 crore and ₹ 5,350 crore, respectively, representing increases of 38% and 41% respectively. Revenue increased 26% YoY to ₹ 784 crore in the March 2025 quarter, indicating development in the Middle East business as well. At the same time, profit increased by 22% to ₹ 12 crore. The board of Kalyan Jewellers announced a dividend of Rs1.50 (15%) per equity share of Rs10 each, for FY25 in addition to the announcement of the financial results. In a filing, Kalyan Jewellers stated that it was recommending a final dividend of ₹ 1.50 per equity share of 10 for the fiscal year that ended on March 31, 2025, subject to member approval at the company's subsequent annual general meeting. The dividend announcement as per Kalyan Jewellers translated into 15% considering the dividend announced and the face value of the share. Kalyan Jewellers share price scaled intraday high of ₹ 527.70 which marked gains of more than 3% for Kalyan Jewellers share price . The gains for Kalyan Jewellers share price was despite falling markets amid Indian- Pakistan Conflict. The Sensex corrected more than 1% on Fiday following India -Pakistan Conflict Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.
Express Tribune
16-03-2025
- Business
- Express Tribune
Govt trades cheaper petrol for power relief
Prime Minister Shehbaz Sharif on Saturday raised the petroleum levy by Rs10 per litre – a 17% hike – to Rs70 per litre, keeping petrol and diesel prices unchanged, while using the available additional fiscal space to reduce electricity prices by roughly Rs1.50 per unit. Despite the increase, the ex-depot petrol price will remain at Rs255.63 per litre, while high-speed diesel will stay at Rs258.64 per litre, according to officials from the finance and energy ministries. The government opted not to pass on the reduction in global oil prices to consumers, which was due on March 16. The total reduction in electricity prices is expected to be more than Rs1.50 per unit, with the prime minister planning to announce the relief on March 23. On the summary of the finance ministry, the prime minister approved to increase the petroleum levy rates by Rs10 per litre to Rs70. The additional Rs10 per litre will be used to reduce the electricity prices by about Rs1.50 per unit. "We have decided to maintain petroleum prices at their current levels and transfer the full financial benefit to the public by reducing electricity prices," the prime minister said. The premier added that this measure is one of many aimed at achieving a meaningful reduction in electricity tariffs. "This step is among several others that will lead to a significant reduction in electricity prices." The residential consumers are forced to pay over Rs65 per unit electricity price which is the direct outcome of Rs18 per unit idle capacity payments, hefty cross subsidy being charged from users of over 300 monthly consumption and building the cost of inefficiency and theft in the power rates. The PM has tasked his power minister Sardar Awais Leghari to come up with a tangible proposal to reduce the prices in the range of Rs6 to Rs7 per unit. The trade-off between petrol and electricity prices is being done to address an issue of high electricity bills, which is hurting every household and the industry, said Federal Minister for Petroleum Ali Pervaiz Malik while talking to The Express Tribune. Ali noted that while petrol in Pakistan was among the cheapest in the region, electricity was the most expensive, which the prime minister is trying to rebalance. The Express Tribune reported on Saturday that the International Monetary Fund (IMF) had allowed Pakistan to increase petroleum levy to Rs70 per litre and use the funds to reduce power prices. The levy has been increased to absorb price reduction. The prime minister said that a comprehensive and effective strategy is being prepared under which an electricity package is being developed to reduce electricity prices and the details are being finalised. The government has estimated earning about Rs180 billion per annum from the additional levy, which it will use to reduce electricity prices by about Rs1.50 per unit. The government officials said that the total reduction in the electricity prices will be higher than this after availing the fiscal space on account of negative fuel price adjustment claims of the previous months. The government also tried to convince the IMF to lower the GST rate on electricity bills to reduce prices but the Fund did not agree. According to a comparison by the government, at US dollar parity, the petrol price in Pakistan is 91 cents compared to 1.15 dollars in India, 1.26 dollars in Sri Lanka and 1.04 dollars in Bangladesh. However, a key reason behind the higher price in dollar terms in neighbouring countries is that their currencies are stronger relative to a weaker rupee. Likewise, the diesel price in Pakistan in dollar terms is 92 cents while it is $1.03 in India, $1.12 in Sri Lanka and 86 cents in Bangladesh. Pakistan's per capita income is also lower than its regional peers, which limits its citizens' ability to pay high prices for fuel and electricity. Petrol is mainly used in private transport, small vehicles, rickshaws, and two-wheelers, and it directly affects the budget of the middle and lower middle classes. Most of the transport and agriculture sectors run on high-speed diesel. After the fresh increase, the total taxes on the petrol have increased to about Rs86 per litre. The government will now charge Rs70 per litre petroleum levy besides 10% excise duty at the import stage. The financial space created by changes in global oil prices and other measures will be used to provide significant relief to the public through reduced electricity costs, the prime minister stated. He reiterated his government's commitment to prioritising public relief since taking office. As per the decision of the government, the oil prices will remain the same up to the end of the current month. The per litre price of petrol will remain at Rs255.63, high-speed diesel Rs258.64, kerosene oil Rs168.13 and light diesel oil at Rs153.34. On the other hand, the work submitted to the petroleum division by the industry a few days back showed relief in the price of petroleum products up to Rs14.16 per litre in line with a reduction in global oil prices. The work by the industry showed that ex-depot prices of petrol could drop by Rs14.16 per litre and the same for diesel was projected to drop by Rs8.70 per litre. A cut of cut of Rs10.33 per litre was calculated in the price of kerosene oil while Light diesel oil could have to dropper by Rs. 7.12 per litre.
