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Ex promoter of Ranbaxy Shivinder Singh arrested by Delhi Police

Delhi Police’s Economic Offences Wing (EOW) has arrested former promoter of Ranbaxy pharmaceuticals Shivinder Singh. Religare Finvest(RFL) had lodged a criminal complaint against promoters Malvinder Mohan Singh and Shivinder Mohan Singh with the Economic Offences Wing of the Delhi Police for frauding 740 crores. RFL released a statement in which they said, “The complaint was filed basis internal inquiries (including an independent forensic review) undertaken by the new RFL board and management,” Src:https://bit.ly/2VAI815

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127 votes

IRCTC Indian Railways: 150 Trains, 50 Railway Stations will soon be privatised

The Narendra Modi-led govt has initiated the process of privatising operations of 150 trains and 50 railway stations and is forming a task force to complete the process in a time-bound manner. Niti Aayog chief Amitabh Kant, in a letter to Railway Board chairman Vinod Kumar Yadav, expressed, "As you are already aware that the ministry of railways has also decided to bring in private train operators for passenger train operations and is contemplating to take up 150 trains in the first phase". As per media reports, the empowered group will consist of Secretary, Department of Economic Affairs and Secretary, Ministry of Housing and Urban Affairs. Src: https://bit.ly/2ouuCA1

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151 votes

Noida: Woman accuses Amazon delivery man of hypnotising and attempting to rape her

In Noida, a woman accused an Amazon delivery boy of hypnotising her and attempting to rape her. The accused was called to collect the boxes which the victim wanted to return, the accused refused to take all boxes and which led to an argument between them. After that, the victim called customer care and asked to collect the boxes, on which the customer care assured her that they will take back the boxes. When the victim came to tell the accused about the phone call that time the accused hypnotised her and tried to rape her. The woman regained her consciousness and threw broom at him. The police have arrested the accused and registered a case under Section 376 (rape) and Section 511 (punishment for attempting to commit offences punishable with imprisonment for life) of the Indian Penal Code (IPC) Src:https://bit.ly/324XNZ5

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121 votes

IRCTC IPO offers 2.20 Cr but receives bumper 225 cr shares

The initial public offering(IPO) of Indian Railway Catering and Tourism Corporation(IRCTC) got huge investors and was a hit in a final bid with investors subscribing 111.91 times. According to media reports, the IPO received bids for 225 crore shares as compared to offered 2.02 crore shares. The share will be allotted on the evening of October 10th and 11th. It is also said that all applicants are unlikely to get the number of share they have allotted even some may not get any allotted share due to over-subscription, the processes to check the shares allotted are as follows: to check the status share you can visit the website: ipo.alankit.com. Choose IRCTC as the name of the company from the drop-down menu and enter the PAN or application number or Demat account to check if you have got any allotment. IRCTC IPO name will only be available in the drop-down menu after the allotment basis has been finalised The shares will get listed on Monday, 13th October Src: https://bit.ly/2ODau9l

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37 votes

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73 votes