5 including 4 women of a family stabbed to death

News Network
October 8, 2017

New Delhi, Oct 8: Five persons, including four women of a family and a security guard, were stabbed to death in the early hours of Saturday in Shahdara’s Mansarovar Park area. The police are yet to ascertain the motive and identify the killers.

The victims, identified as Urmila Jindal (82), her daughters Sangeeta Gupta (56), Nupur Jindal (48), Anjali Jindal (38), and security guard Rakesh (42), were found dead at their residential complex 1/561 on Grand Trunk Road where they lived with seven families, all of whom are relatives. Urmila used to live on the first floor of the residential complex with her daughters.

Around 7 a.m., when a few of the relatives stepped out for a morning walk in the park inside the complex, they saw Rakesh lying lifeless near the staircase with multiple stab injuries on the throat. The family immediately called the police who reached the spot. Bodies of the women were found nearly an hour later.

“After we called the police, we needed to move the cars parked outside [the residential complex], so we went to the first floor to ask Sangeeta or Anjali for the car keys. That’s when we saw all four of them lying in a pool of blood in one of their rooms,” said Urmila’s nephew Rakesh Jindal, adding that two of the bodies were on the bed and the other two on the floor.

Claiming that the motive behind the murders was robbery, the family said that when they visited the room where the women were found dead, they saw the almirahs open and articles lying around. “The motive is obviously theft because their cupboards were open and the belongings were on the floor. So far we don’t know what’s missing because we weren’t allowed inside the room after the police reached,” said the deceased octogenarian’s nephew.

Initial news reports alleged that the motive behind the murder is a property dispute among the family, which the nephew and other relatives denied.

Deputy Commissioner of Police (Shahdara) Nupur Prasad said that the police are investigating the murder from all angles, including the property dispute and robbery attempt. “It has come to the fore that the family was trying to dispose of some property. Also, though the almirahs were open, the jewellery the women were wearing was intact; the laptop and phone were also lying there. The entry was friendly,” she said.

According to the victims’ relatives, Sangeeta had been staying with her mother for the past 20 years after her husband passed away while Nupur was mentally disturbed and Anjali chose not to get married. Urmila’s husband, Ram Krishan Jindal, died a natural death a few years ago. The couple had a son who died at the age of four.

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News Network
February 5,2020

Bengaluru, Feb 5: City Crime Branch (CCB) of Bengaluru City have arrested two drug peddlers from Kerala and have seized banned products from their possession.

According to officials the arrested persons have been identified as Shinto Thomas (35) of Wayanad and Tajudden Talat (29) of Thiruvananthapuram.

"We have seized 4 kg 350 grams of Hashish oil, 21.5 kgs of Ganja, Rs. 9300 cash, two mobile phones, two ganja crushing tools, and 625 empty boxes and other articles from them", police said in a statement.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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