Latest news with #Rs15
Express Tribune
2 days ago
- Express Tribune
Muggers snatch expensive phones
In mid-October of the current year, the FBR imposed a duty of Rs250 on mobile phones worth Rs15,000 or more while Rs300 was levied on cheaper handsets worth Rs6,000 or more. PHOTO: FILE An armed robbery occurred on Range Road in the jurisdiction of Westridge Police Station in Rawalpindi where robbers snatched expensive mobile phones. The robbers returned one of the phones to its owner, reportedly because it did not meet their preferences. CCTV footage of the incident has surfaced, showing a vehicle parked on the roadside as two motorcycle-riding suspects pass by. The footage revealed that the masked suspects return moments later, stop near the vehicle and confront several individuals standing nearby. One of the suspects remains on the motorcycle while the other approaches the group, brandishing a pistol. The armed suspect can be seen forcibly taking mobile phones from a young man and the vehicle's driver. However, in a surprising move, the suspect tosses one of the snatched phones back to the driver, apparently dissatisfied with its quality. Despite the presence of four people at the scene, the robbers fled easily with several high-end mobile phones. One of the bystanders was seen making a phone call immediately after the assailants fled.
Time of India
2 days ago
- Health
- Time of India
Insurance firm told to refund Rs 15 lakh to 83-year-old Udupi man misled on policy, additional Rs 20,000 for mental harassment
Representative Image UDUPI: The Udupi District Consumer Disputes Redressal Commission has ordered an insurance company to refund Rs 15 lakh to a senior citizen and pay an additional Rs 20,000 as compensation for mental harassment and legal expenses. Dr Ravindranath Shanbhag, President of the Human Rights Protection Foundation (HRPF), Udupi, told reporters on Thursday that Annappa Poojary, 83, a resident of Belur in Kundapur taluk, used to run a business in Hubballi for his livelihood. After suffering a paralytic stroke 15 years ago, he returned to his hometown and began living with his wife. Although he had children, they were not financially capable of supporting their parents, forcing Poojary to sell his property in Kundapur. After the sale, he decided to deposit the proceeds of Rs30 lakh in fixed deposits, intending to live off the interest income. When Poojary consulted an insurance agent, he was advised to invest the amount in the "Pradhan Mantri Vaya Vandana Yojana" (PMVVY), a subsidised scheme for senior citizens. T he agent assured him that the scheme offered higher returns and allowed premature withdrawal in case of emergencies. Trusting the agent, Poojary invested his entire Rs30 lakh under the condition that he would be able to withdraw the amount if needed. Soon after, he received two policies of Rs15 lakh each. Being illiterate, Poojary and his wife could not read the policy documents, which were in English, and relied solely on the agent's assurances. Months later, when Poojary checked his passbook, he noticed that the first deposit earned Rs9,250 in interest, while the second earned only Rs 6,519. When questioned, the agent failed to provide a proper explanation. Already battling paralysis, Poojary was also diagnosed with Parkinson's disease. He frequently had to travel 45 km to Manipal for treatment. The combined interest of around Rs 15,000 from both deposits was insufficient to meet his medical and living expenses. He decided to withdraw the lower-interest policy and repeatedly contacted the insurance company's office and the agent. Receiving no response, he formally requested the surrender of one of the policies on January 11, 2023. He was shocked to discover that the policy, purchased on September 6, had a surrender value of only Rs10,73,412 after 16 months, meaning he would lose Rs4,26,588. He claimed he was never informed about the massive penalty for premature withdrawal. He then sought assistance from the HRPF, Udupi. The foundation guided him to file a complaint with the Udupi District Consumer Commission. Shanbhag said the company argued that the first policy was under the PMVVY, while the second was under a different plan. They claimed the policyholder had a 15-day 'free-look' period to cancel the policy but failed to do so. However, the company could not produce any evidence that these terms were ever explained to the illiterate Poojary couple, he added.
Hans India
3 days ago
- Hans India
Leopard attack: Forest dept launches intensive operation after newly-wed man is killed
Mysuru: In a tragic incident that has shaken the region, a 24-year-old newlywed man was mauled to death by a leopard in the Sollepura forest area near Nagapura Haadi of Hunsur taluk on Monday. In response, the Forest Department has launched a large-scale combing operation to capture the elusive big cat, deploying multiple specialized teams and equipment. The victim, Harish from Kurubara Hosahalli village under the Hanagodu range in the Hunsur division, was herding goats with his father, Krishna, in the forest when the leopard attacked. Reports indicate that the animal approached to snatch a goat, and Harish, in an attempt to chase it away, was fatally attacked. Despite efforts to take him to the hospital, Harish succumbed to his injuries on the way. Harish had been married just three months ago, adding a heart-breaking layer to the tragedy. Following the incident, the Forest Department has launched an intensive leopard capture operation. Over 30 personnel from the Elephant Task Force, Leopard Task Force, and the Hunsur Regional Division of the Nagarahole Tiger Reserve are actively involved in the mission. Officials say that the forest is being thoroughly combed and that the leopard is expected to be captured soon. 'We have deployed all resources, and we are hopeful that the leopard will be trapped in the coming days,' stated a forest department official involved in the operation. In the wake of the fatal attack, the Forest Department has announced a compensation of Rs20 lakh to Harish's family. Of this, Rs 5 lakh has been handed over immediately at the time of the postmortem, while the remaining Rs15 lakh will be issued subsequently. Deputy Conservator of Forests (DCF) Seema confirmed the details of the relief package. The incident has reignited concerns over human-wildlife conflict in the buffer zones of protected areas like Nagarahole, especially as settlements and grazing activities continue near forest fringes. This is the second such attack reported in the region this year.
Time of India
4 days ago
- Health
- Time of India
Dhule to get 50-bed AYUSH hospital
Nashik: Dhule MP Shobha Bachhav on Tuesday announced that a 50-bed AYUSH hospital will be established within the Dhule civil hospital premises, with a sanctioned amount of Rs15 crore. "I requested the AYUSH ministry to allocate a hospital in Dhule to serve the people, and accordingly, a 50-bed facility was approved," said Bachhav. She added that the district's civil surgeon recently finalized the construction site. The chosen location is a 2-acre plot near the civil hospital. Construction will begin after the demolition of existing dilapidated staff quarters. Bachhav highlighted the benefits of the new hospital, stating, "The hospital will be a boon for the people of Dhule district as they will have Ayurveda, Yoga and Naturopathy, Unani, Siddha, and Homeopathy treatments delivered alongside allopathy treatment." As part of promoting AYUSH treatment, the hospital will focus on treatments based on traditional Indian medicine, though surgeries and procedures based on modern medical practices are also provided to the patients based on the requirements. Diagnostic services will also be provided like any other regular hospital at the facility. According to Bachhav, people in rural areas generally look for household remedies, some of which may not be trustworthy. But with the AYUSH hospital in place, they will find it easier to accept treatment related to Ayurveda.
Business Standard
5 days ago
- Business
- Business Standard
Oriental Trimex Ltd Transforms Business Operations in FY25 - Revenue Surges over Fourfold in Q4
PNN New Delhi [India], May 27: Oriental Trimex Ltd (BSE - 532817, NSE - ORIENTALTL), a leading processor and trader of natural stones in India, has successfully transformed its business operations, as reflected in the financial results for Q4 and FY25, ended March 2025. The company reported a net profit of Rs 5.97 crore for Q4, compared to a loss of Rs 6.43 crore in the same period last year. Revenue from operations during Q4 FY25 surged over fourfold to Rs 16.66 crore, compared to Rs 3.01 crore in Q4 FY24, marking a year-over-year increase of 453%. Company secures 30-Year Lease for Black Granite Mining in Odisha by the Government of Odisha's Steel & Mines Department; Anticipates an annual revenue contribution of Rs10 crore to Rs15 crore from this mining site. Highlights: * Company anticipates an annual revenue contribution in the range of Rs 10 crore to Rs 15 crore from the black granite mining site; The lease, officially awarded on May 21, 2025, covers 4.961 hectares in village of Potteru, under Motu Tehsil of Malkangiri District. * Reinforcing its growth strategy in building material sector, company has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in premium 'Rare Earth' vitrified tiles. * The company successfully completed a rights issue worth Rs 48.51 crore in September 2024. * After repaying Rs 39.55 crore to Edelweiss, the company is nearing a debt-free status For the fiscal year 2024-25, the company reported a net profit of Rs 8.53 crore, in contrast to a net loss of Rs 6.48 crore in FY23-24. Revenue from operations rose by 476% to Rs 21.02 crore in FY25, compared to Rs 3.64 crore in FY24. The company has secured a 30-year lease for black granite mining in Odisha from the Government of Odisha's Steel and Mines Department. Oriental Trimex anticipates an annual revenue contribution of Rs10 crore to Rs15 crore from this mining site. The lease, officially awarded on May 21, 2025, encompasses 4.961 hectares in the village of Potteru, under Motu Tehsil of Malkangiri District. Operations are set to commence soon, contributing to improved resource ownership, cost efficiency, and comprehensive value chain integration--from quarrying to distribution. This long-term asset strengthens Oriental Trimex's foundation for sustainable growth and profit stability, reinforcing its position as a leading player in the natural stone and building materials industry. To support its growth strategy in the building materials sector, the company has opened a second showroom and warehouse in Greater Noida for its vertical division, which specializes in premium 'Rare Earth' vitrified tiles. Strategically located near the upcoming Jewar Airport and Aerotropolis, this facility has been operational since April 2025. Its aim is to meet the rising demand for high-quality marble-look tiles at competitive prices. Launched just fifteen months after the first showroom, this expansion is based on substantial market research and reflects the company's focus on tapping into North India's booming real estate market. The company successfully completed a rights issue worth Rs 48.51 crore in September 2024. These funds have been utilized for setting up additional machinery to cut marble blocks into finished goods at its factory in Tamil Nadu, meeting working capital requirements, developing the quarry for 'JET BLACK' granite in Odisha, settling earlier outstanding repayments, and covering general corporate expenditures. Founded in 1996, Oriental Trimex Limited introduced premium Italian and other marbles to the Indian market. Its fully integrated marble processing plant in the Gumdipoondi industrial area of SIPCOT has a capacity of 25,200 MT and is equipped with advanced machinery, including gang saws, robotic resin lines, and automatic polishers--all imported. The company imports rough marble blocks from Europe and the Middle East while also sourcing materials domestically. Oriental Trimex Limited (OTL) has launched a series of strategic initiatives to enhance operations, expand its market presence, and reinforce financial stability: * A key technological advancement is the installation of India's first wire-based gang saw machine, developed by Gaspari Mennotti, an Italian leader in machinery manufacturing * The company is diversifying its portfolio to include low-cost Indian granites, porcelain tiles, nano stones from China, and marble-designed quartz, targeting Tier 2 and Tier 3 cities. * After repaying Rs 39.55 crore to Edelweiss, the company is nearing a debt-free status, enhancing its credibility and long-term sustainability.
