Latest news with #Rs31
Time of India
19-05-2025
- Time of India
Mumbai peddler, 2 others caught with Rs31 lakh worth MD in city hotel
Nagpur: A Mumbai-based drug peddler, Wasim Khan, was arrested by the crime branch from a hotel at Hanuman Lane, Sitabuldi, along with two others, on Sunday. The three were found in possession of narcotics powder, mephedrone, worth more than Rs31 lakh. The Mumbai-based peddlers received the MD consignment from one Siraj, who is learnt to be the kingpin in the racket. Wasim, earlier arrested by city police in 2023, was held along with Fakruddin Quereshi, from Govandi (E) in Mumbai, in the hotel room. They were found with their city link, Abdul Wasim Shaikh, a resident of Hansapuri. Substantial cash and four mobiles were seized. The Mumbai-linked module was busted by senior inspector Amol Deshmukh of the crime branch under DCP Rahul Maknikar and ACO Abhijit Patil. An offence was registered at Sitabuldi police station. In another raid, the anti-narcotics cell under senior inspector Gajanan Gulhane's team, comprising head constables Manoj Neware and Vijay Jadhav, also arrested three peddlers. Ankit Ambade, Kashyap Patil, and Asif Malik were arrested from Malka Colony in Kapil Nagar on Monday. Around 52 grams of MD worth around Rs2.60 lakh was seized from the trio. An offence was registered against them at Kapil Nagar police station. Ambade had several offences against him. Police said another aide of the three, Kunal Kunal Dongre, is yet to be arrested.
Time of India
14-05-2025
- Time of India
City police bust interstate sex rackets involving north eastern, foreign women
Nagpur: The city police crime branch busted multiple interstate sex rackets at different locations, rescuing seven girls, including one from Nepal, three from the north-east, one from Odisha, and another from Uttarakhand. One of the two rackets, operated by natives of Assam, involved north-eastern girls in sex work, a trend unearthed for the first time. CP Ravinder Singal has issued instructions to crack down on flesh trade rackets in the team of senior inspector Amol Deshmukh and assistant PI Sachin Bhonde busted the racket involving Assamese residents late on Tuesday evening, in their third attempt within a month, and cash Rs31,000 was seized along with four mobiles. Rizul Ali Ismail Ali and his accomplice Rahanuddin Sahabuddin, natives of Assam, had taken up a posh spa at Shraddhanand Peth and converted it into a flesh trade racket. The actions on the flesh trade were supervised by DCP Crime Rahul Maknikar and ACP Abhijit from a young woman from Nepal, they involved two more from Arunachal Pradesh, one from Nagaland, and another local resident to cater to customers who paid Rs4,000 for an hour. Sources said the young woman from Nepal had worked in another flesh trade den before shifting to the one operated by Ali and Sahabuddin from north-eastern women rescued during the raid said they were brought to the city with promise of jobs but pushed into flesh trade. Mainly from economically weak families, the north-eastern young women have been sent to shelter homes. The families of the rescued girls will be informed and they will be released only to the kin through a court order, said an official. The case was handed over to the Bajaj Nagar police station. "The women offered massages followed by other sexual activities, but access was only given to some known customers," said an insider, adding that north-eastern women are most preferred in the sex trade as they are known to be bolder and the second raid on Wednesday, the social service unit of the crime branch under senior inspector Omprakash Sontakke busted a sex racket at Sai Baba Nagar on Kharbi Road, rescuing women from Odisha and Uttarakhand during the action. Nutan Kalsarpe was arrested from the spot while her husband, Sachin, has gone underground. The two had previous crime records against them, including one related to narcotics. Kalsarpe was handed over to Wathoda police station. The cops also seized condoms, cash Rs3,000, and other materials from the spot. The two rescued women were also sent to the shelter home.
Time of India
07-05-2025
- Business
- Time of India
Carry-forward stock likely to keep sugar price stable, says ISMA DG
Pune: Director general of Indian Sugar and Bio-energy Manufacturers Association (ISMA) Deepak Ballani said the sugar price might remain stable despite a decline in production because of surplus carry-forward stocks .The sugar millers' association anticipates the sugar production to drop to 264 lakh tonnes in the 2024-25 cycle (Oct to Sept). India's sugar output during the previous cycle was 299 lakh tonnes. Factoring in the diversion of sugar towards ethanol production, the decline in sugar production would be around 20 lakh tonnes, Ballani told lower sugar production could be attributed to damage to crops because of unseasonal rainfall in Maharashtra and red rot in Uttar Pradesh, he said. India was well placed with carry-forward stocks despite a drop in production, he said. This would support domestic consumption until the new production hits the market."Sugar production was enough to meet domestic consumption and exports in addition to ethanol production. This year, the govt has allowed 10 lakh tonnes of exports, of which Maharashtra's share is around 3.5 lakh tonnes," Ballani had 80-90 lakh tonnes of export quota for 2023-24. By September-end, stocks are expected to be 80 lakh tonnes. This led to higher carry-forward stocks to cater to domestic consumption for two months to address the gap between the new sugar coming in. Typically, 45-50 lakh tonnes were enough to meet consumers' demand for two months, Ballani expects the sugarcane production to pick up in the 2025-26 season in Maharashtra and said ISMA was lobbying with the govt to establish a linkage between Fair and Remunerative Price (FRP), and sugar and ethanol prices to make the sugar price more competitive."Every time the FRP is increased, there should be a corresponding revision in sugar and ethanol prices. The minimum selling price for sugar is Rs31 per kg. It has not been revised since 2019. The ex-mill price decreases to Rs30-33 in Maharashtra and Rs36 in Uttar Pradesh because of surplus stock at the start of the season. It is much below the production cost. The average cost of production is Rs41 per kg," Ballani said.
Hans India
02-05-2025
- Business
- Hans India
Adani Ports logs record Rs 11,061-cr PAT in FY25
Ahmedabad: Adani Ports and Special Economic Zone Ltd (APSEZ) on Thursday reported an all-time high profit after tax (PAT) at Rs11,061 crore in FY25, up 37 per cent year-on-year. On a quarterly basis, the flagship company of the Adani Group posted an impressive 50 per cent PAT growth at Rs3,023 crore in Q4, up from Rs2,015 crore in the same period in FY24. Operating revenue grew by 16 per cent YoY to Rs31,079 crore in FY25, while domestic ports revenue increased 12 per cent to Rs22,740 crore (year-on-year). EBITDA was up 20 per cent at Rs19,025 crore (on-year). 'Our record-breaking performance in FY25, crossing Rs11,000 crore in PAT and handling 450 MMT cargo, is a testament to the power of integrated thinking and flawless execution,' APSEZ Whole-time Director and CEO, Ashwani Gupta, said. 'We have outperformed guidance across all metrics, expanded our footprint across India and globally, and transformed our logistics and marine verticals into engines of future growth,' he added. Mundra became the first port in India to cross 200MMT in a single year. Gupta further added that from Mundra Port crossing 200 MMT, to Vizhinjam Port rapidly achieving 100,000 TEUs, to the strategic acquisitions of NQXT and Astro Offshore — every milestone reflects our long-term vision to become the world's largest ports and logistics platform. For FY25, the APSEZ Board has recommended a dividend of Rs7 per share – a payout of Rs1,500 crore.
Hans India
22-04-2025
- Business
- Hans India
Khadi & Village Industries sales hit record Rs 1.7 L-cr mark
New Delhi: The sales of Khadi and Village Industries have registered a five-fold jump from Rs31,154.19 crore in 2013-14 to an all-time high of Rs1,70,551.37 crore in the financial year 2024-25, the Khadi and Village Industries Commission (KVIC) Chairman, Manoj Kumar, said on Monday. He further stated that while the production of Khadi and Village Industry goods was Rs26,109.07 crore in the financial year 2013-14, it increased nearly four times to Rs116,599.75 crore in the financial year 2024-25. Speaking at a press conference, he said that the unprecedented growth has also been observed in the production of Khadi clothes in the last 11 years. While the production of Khadi clothes was Rs811.08 crore in the financial year 2013-14, it increased increased four and a half times (366 per cent) to Rs3,783.36 crore in the financial year 2024-25, which is the best performance till date. There has also been a tremendous jump in the sales of Khadi clothes. While the sale was Rs1,081.04 crore in the financial year 2013-14, it increased by about six and a half times to Rs7,145.61 crore in the financial year 2024-25, he pointed out. 'The promotion of Khadi by Prime Minister Narendra Modi from a larger platform has had a huge impact on the sale of Khadi clothes,' he said. Speaking on the objective of KVIC, he said the major objective is to provide maximum employment opportunities in rural areas. In this area too, KVIC has set a record in the last 11 years. While the cumulative employment was 1.3 crore in the financial year 2013-14, it rose to 1.94 crore in 2024-25 with an increase of 49.23 per cent. Besides, there has been an unprecedented increase in the business of Khadi and Village Industries Bhawan, New Delhi. While the business of Bhavan was Rs51.02 crore in the financial year 2013-14, it increased by almost two times and reached Rs110.01 crore in the financial year 2024-25 with a jump of 115 per cent, Kumar mentioned.
