Latest news with #Rs21
Time of India
2 days ago
- Time of India
Burglar's Attorney-Turned-Girlfriend Among Four Held for Rs24 Lakh Heist
1 2 3 Nagpur: The arrest of notorious burglar Naresh Mahilange by a crime branch team from the city's outskirts on Saturday came with a twist. The police also took his attorney-turned-girlfriend into custody for her involvement in a spate of cases over the last couple of months. This includes the housebreaking incident at Kotwali, where valuables worth Rs24 lakhs were stolen earlier this month. The police recovered stolen valuables worth Rs21 lakh from the burglars. The girlfriend, who had earlier secured bail for Mahilange in 18 cases, had gone out of her way to provide logistical support to the notorious burglar. This included helping him procure a SIM card with fake documents. She also helped Mahilange to dispose of stolen valuables, and bailed out his accomplice Amrapal Patil, another notorious burglar. The police have also nabbed Patil. Another accused, Fardeen Khan, was apprehended for purchasing the stolen valuables. Police said Mahilange and Patil stole a bike from Koradi in April-end before abandoning it at Wathoda and moving to Beltarodi, where they stole a car. They then moved to Patansawangi on an Activa. After stealing a car from Patansawangi, they went to Kapil Nagar and broke into a house before decamping with valuables. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 임플란트 최대 할인 지원해드려요 임플란터 더 알아보기 Undo In June first week, Mahilange and Patil broke into the house of Jasani family at Mahal, decamping with valuables worth Rs24 lakhs. The burglars also fled with the DVR of the CCTV camera and threw it in a nullah. The crime branch team, comprising Asst PI Nitin Churpal, sub-inspector Madhukar Kokate, head constable Rajesh Deshmukh, and others under DCP, Crime, Rahul Maknikar, ACP Abhijit Patil, and Addl CP (Crime) Vasant Pardeshi, nabbed Mahilange and his gang using technical surveillance system. Sources said Mahilange committed the burglary at the Jasani residence with his face covered, but the police identified him with the help of CCTV footage. Mahilange's gait while sneaking out of the house was identified by seasoned cops, who tracked him down with cellphone surveillance of his girlfriend, who was already on the police radar.
Time of India
2 days ago
- Time of India
Cops bust Kalmeshwar thefts, arrest two, recover stolen property
Nagpur: Two theft cases reported in Kalmeshwar have been solved following the arrest of two accused by the Local Crime Branch (LCB) of Nagpur Rural. The duo was found involved in separate incidents of house theft, with stolen items collectively worth Rs21,000 recovered during the investigation. Tired of too many ads? go ad free now Acting on a tip-off, the LCB team detained Kurdan Gautam Hire (25) from Pipri, Kanhan, and Shubham Balram Harinkhede (24) from Katangi in Madhya Pradesh's Balaghat district. Upon interrogation, the duo confessed to the crime. According to police sources, the two jointly committed one of the thefts, while Hire was found to be the sole accused in the second incident. The team recovered an Aqua motor pump worth Rs10,000, a 50-foot cable valued at Rs5,000, iron pipes and a broken bicycle worth Rs2,000, and a coil of electric wire worth Rs4,000. The seized items were recovered in the presence of panch witnesses, and both accused have been handed over to Kalmeshwar police for further investigation. Efforts are on to trace additional stolen property and verify if the accused were involved in other similar cases in the region. Nagpur: Two theft cases reported in Kalmeshwar have been solved following the arrest of two accused by the Local Crime Branch (LCB) of Nagpur Rural. The duo was found involved in separate incidents of house theft, with stolen items collectively worth Rs21,000 recovered during the investigation. Acting on a tip-off, the LCB team detained Kurdan Gautam Hire (25) from Pipri, Kanhan, and Shubham Balram Harinkhede (24) from Katangi in Madhya Pradesh's Balaghat district. Upon interrogation, the duo confessed to the crime. According to police sources, the two jointly committed one of the thefts, while Hire was found to be the sole accused in the second incident. Tired of too many ads? go ad free now The team recovered an Aqua motor pump worth Rs10,000, a 50-foot cable valued at Rs5,000, iron pipes and a broken bicycle worth Rs2,000, and a coil of electric wire worth Rs4,000. The seized items were recovered in the presence of panch witnesses, and both accused have been handed over to Kalmeshwar police for further investigation. Efforts are on to trace additional stolen property and verify if the accused were involved in other similar cases in the region.
India Gazette
5 days ago
- Business
- India Gazette
Starlink to complement, not compete with Airtel & Jio says Centrum's report
New Delhi [India], June 5 (ANI): According to the recent report by Centrum, it believes that SpaceX's satellite internet division, Starlink, is not positioned to compete directly with major telecom operators like Reliance Jio, Airtel, or VIL. The reports say that instead of this, Starlink is strategically positioned to complement India's existing connectivity landscape, specifically targeting remote and hard-to-reach areas where traditional network infrastructure is currently unviable. Starlink is preparing for its highly anticipated launch in India following conditional approvals from the Department of Telecommunications (DoT). This significant regulatory stride, marked by a Letter of Intent (LoI), enables Starlink to operate under stringent compliance and localisation mandates. Centrum says that this initial network capacity is estimated to serve approximately 50,000 users at launch. Even with projected improvements, a total bandwidth of 3 Tbps by 2027 will restrict usage to select high-need zones and high-tiered plans. Pricing is expected to be in a premium range, with a basic plan at around Rs850/month for 50GB and Rs2,500-Rs3,400/month for unlimited data. User equipment costs, ranging from Rs21,000 to Rs43,000, may pose challenges for adoption in rural areas without subsidies. Urban and metro areas are likely to see low uptake due to the availability of low-cost fibre broadband options. However, Starlink's presence is not expected to disrupt existing ISPs or mobile operators in the near term, but rather add value by addressing India's digital access gaps. Due to high terminal and plan costs, it is likely to remain a premium offering focused on specific use cases, rather than widespread consumer adoption. Long-term expansion and cost reductions, coupled with a favourable regulatory framework, could enable broader impact. The report also believes that as a strategic connectivity tool, Starlink could support national goals like Digital India and BharatNet, especially where fibre deployment is impractical. Recently, Minister for Communications Jyotiraditya Scindia said Elon Musk's Starlink will be the third satellite internet company to be given a license for providing services in India. (ANI)
Express Tribune
21-05-2025
- Business
- Express Tribune
PSX dips amid pre-budget, tax worries
Shares of 340 companies were traded. At the end of the day, 93 stocks closed higher, 233 declined and 14 remained unchanged. PHOTO: FILE Listen to article The Pakistan Stock Exchange (PSX) closed bearish on Tuesday as investors remained cautious owing to pre-budget uncertainty. Market participants were vigilant, anticipating parliamentary approval of IMF-driven tax reforms, including the phasing out of industrial incentives and the implementation of new tax levies on the agricultural sector. The benchmark KSE-100 index swung between the intra-day high of 211 points and the intra-day low of 1,163 points, before closing at 118,971, a decline of 719 points, or 0.60%. Market participation remained modest, with trading volume standing at 438 million and traded value shrinking to Rs21 billion. According to Ahsan Mehanti of Arif Habib Corp, stocks closed lower amid pre-budget uncertainty and concerns over parliamentary approval of IMF-driven tax measures in the FY26 federal budget, including the phasing out of industrial incentives and implementation of tax reforms for the agricultural sector. He added that the International Monetary Fund's (IMF) warning over external risks from the US tariff policies and escalating tensions with India impacted sentiment. Moreover, falling global crude oil prices and rupee fluctuation also played a role in bearish close at the PSX. At the end of trading, the benchmark KSE-100 index recorded a decrease of 718.51 points, or 0.60%, and settled at 118,971.13. In its review, Topline Securities commented that the stock market remained volatile, reflecting a day of consolidation. The benchmark index recorded the intra-day high of 211 points and low of 1,163 points, eventually closing at 118,971, down 719 points. The decline was attributed to persistent profit-taking, compounded by the absence of any positive triggers, it said. Key heavyweights including Fauji Fertiliser Company (FFC), UBL, HBL, Pakistan Petroleum and Engro Holdings collectively contributed to a decline of 386 points in the index, Topline added. Arif Habib Limited (AHL), in its report, said that the KSE-100 index failed to test 120k and gave up 0.6% day-on-day to close below 119k. Some 41 shares rose while 55 fell with Habib Metropolitan Bank (+2.88%), DG Khan Cement (+2.12%) and Meezan Bank (+0.51%) contributing the most to index gains. On the flip side, FFC (-1.02%), UBL (-1.17%) and HBL (-2.33%) were the biggest drags. AHL pointed out that the government had lowered its economic growth projection due to global trade disruptions and tighter spending conditions of the IMF. The GDP is estimated to expand 2.68% compared with earlier projection of 3.6% for the current year. Insight Securities' Head of Sales Ali Najib noted that the PSX witnessed some selling as investors took a cautious stance ahead of the budget. The upcoming budget and the potential introduction of new policies or tax measures were being closely watched by the market. Consequently, a wait-and-watch approach was being adopted by investors as they sought greater clarity before any significant investment decisions, he said. JS Global analyst Muhammad Hasan Ather commented that bears dominated the PSX where investors adopted a cautious stance, preferring to book profits ahead of the federal budget for FY26. During the session, the index touched the intra-day high of 119,900 and low of 118,527. Some buying interest emerged in cement stocks towards the end of the day, driven by hopes of budgetary incentives for the construction sector, Ather mentioned. "Going forward, we advise investors to consider any dips as buying opportunities, particularly in oil & gas, technology, textile and steel stocks," he added. Overall trading volumes increased to 437.9 million shares compared with Monday's tally of 425.4 million. The value of shares traded during the day was Rs20.8 billion. Shares of 473 companies were traded. Of these, 177 stocks closed higher, 232 fell and 64 remained unchanged. At-Tahur Limited was the volume leader with trading in 39.6 million shares, gaining Rs3.56 to close at Rs49.69. It was followed by Fauji Foods with 30.3 million shares, falling Rs0.47 to close at Rs15.81 and Gul Ahmed with 29.1 million shares, gaining Rs1.26 to close at Rs23.97. During the day, foreign investors bought shares worth Rs176.3 million, the National Clearing Company reported.
Hans India
17-05-2025
- Business
- Hans India
Sebi sets June 2 timeline for Karvy investors to file claims
New Delhi: Markets regulator Sebi on Friday asked investors of Karvy Stock Broking Ltd (KSBL), which has defaulted on payments, to file their claims before June 2 deadline. KSBL was declared a defaulter by the National Stock Exchange (NSE) on November 23, 2020. Following this, investors were invited to submit claims against the defaulting broker, with the final date for submission set as June 2, 2025. Highlighting the urgency, Sebi, in its statement, said: 'As the deadline for submitting investors' claims against default broker Karvy Stock Broking Ltd is approaching shortly, investors are advised to take note of the above deadline and are urged to file their claims before the deadline, if not lodged already.' For assistance, investors can reach out to NSE by calling its toll-free number 1800 266 0050 (select IVR option 5) or by emailing at [email protected], it added. In April 2023, Sebi barred KSBL and its CMD C Parthasarathy from the securities market for seven years and also imposed a penalty of Rs21 crore on them for misappropriating clients' funds by misusing the Power of Attorney given to the broking firm.
