This NRI business tycoon in Dubai buys number plate for Rs 60 crore!

October 9, 2016

Dubai, Oct 9: Balwinder Sahani, an Indian business tycoon in Dubai bought the most coveted number plate D5 for Dh33 million (around Rs 60 crore) at the Roads and Transport Authority's number plate auction on Saturday.

Balwinder-SahaniSahani, also known as Abu Sabah, is the owner of RSG International, a property management company, with interests in the UAE, Kuwait, India and the United States.

"I like collecting unique number plates and I am proud to have got this number. I like number nine and D5 adds up to nine, so I went for it," said Sahani.

He said that last year he bought the number O9 for Dh25m.

"I have collected 10 number plates so far and I am looking forward to having more. It's a passion. This number will go to one of my Rolls Royces," he added.

The number generated great interest among the participants with the bid starting at Dh20 million.

The spectators seemed to have enjoyed every bit of the tense battle, cheering every move of the bidders.

More than 300 bidders participated at the live auction which takes place every two months, witnessing fierce battle between bidders for some numbers.

80 unique numbers were on offer on Saturday ranging from one two five digits.

"This is easily the biggest auction we have seen so far. The hall is packed with participants as well as those who have come to learn the trade and enjoy," said, Ahmad Hashim Behroozian, CEO of RTA's Licensing Agency.

He said that the number D5 has been the biggest draw in the RTA's auction history, with many VIPs participating.

"We usually have a lot of plate traders participating. Plate trading is big a business and a lot of people are making good money out of it. We also organise special auctions for traders and issue permits for plate trading," he said.

Apart from live auctions, RTA organises online plate auctions every month.

RTA also sells distinguished number plates for fixed prices and he said that the auctions help set the price.

He said, apart from helping people make money, auctions help generate revenue for RTA's never ending infrastructure projects.

The other number plate that attracted big money was Q77 which was bought by an Emirati bidder for Dh4.52 million.

A few other numbers bagged more than a million including P27 that went for Dh2.14m and R7777 went for 1.17m.

In June this year, Emirati businessman Arif Al Zarooni, bought Number 1 plate for Dh18 million in Sharjah.

In 2008, another Emirati businessman Saeed Al Khouri payed Dh52.2m for Number 1 licence plate in Abu Dhabi, which so far holds the record for the costliest number plate in the UAE.

Comments

Satyameva jayate
 - 
Monday, 10 Oct 2016

Where are the fools who comment on fake Muslim food and money wasting news.....now what

Ahmrd
 - 
Monday, 10 Oct 2016

Shame on such crazy fools. No doubt it is his own hard earned money. But this is Not the way to spend. Defenitely Not the way. It is Wasting the money. Why dont they spend on poor people. Pay hospital bills, make free schools, improve conditions in slum areas. There is alot to do than Just buying number plate for ?60 Cr.

Zubair Katipalla
 - 
Sunday, 9 Oct 2016

Stupid Person....

This number will go to one of my Rolls Royces.!!!.. could you give us your number of RRs..

DOST
 - 
Sunday, 9 Oct 2016

IF HE IS HELP TO POOR PEOPLE, HE WILL GET 120 CRORE WITH IN 1 YEAR FROM ALLAH.

GARIBON KA DUA LELO.

shaji
 - 
Sunday, 9 Oct 2016

Dear Kairali, nothing to be shocked. this is what happening in the world. There is saying \har badi machli choti machli ko khati hai\". None can be so rich one of a sudden withut cheating. this person is avoiding benefits for his own emplohyees and busy in gathering money which he will take to his grave after death or might ask to burn it along with his body. You will find very few people who have become rich honestly. Most of the rich people are cheater / decoits. The recent and famous example is Devil Mallya. this person has cheated indians by billions of dollars and enjoying lavish life in UK. No need to say that he managed to escape to UK with help from the govt officials. Though he is telling that he will come back to india, i am sure he will never. Dear Kairali, please dont be frustrated. None is going to live here for ever. Everyl living thing has to taste death/end. History has seen rich people thousabnd time bigger that Mallya / Ambani / Sahani. but they left the world with their hands spreaded. Nepolian, the great warrior, had advised his people to take his dead body in procession with his hands uncovered to show that he was leavign the world with empty hands. God is great. Have trust in him. Money is not everything. God bless you with right way of thinking."

Well Wisher
 - 
Sunday, 9 Oct 2016

Shame to this type of fools. People are loosing their life just because of loans, food & poverty & such fools does not know how to spend money in good cause. Ashamed to say he is an Indian. Such goons are to be banned to India. Non sense.

Rikaz
 - 
Sunday, 9 Oct 2016

Crazy.....could have used it for some other beneficial purpose......

Kairali
 - 
Sunday, 9 Oct 2016

Am shocked. His company had asked me to leave the job for demanding around Rs 20k hike.

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News Network
February 29,2020

Mysuru, Feb 29: More than 7,000 industrialists and entrepreneurs have left the country due to a deficit of trust, and incidents like the violence that rocked northeast Delhi will only affect the economy further, Sri Sri Ravi Shankar, founder of Art of Living Foundation, said on Friday.

Sri Sri was speaking at a corporate wellness conference on the theme, 'Wellness and Wellbeing for a Progressive Nation', hosted by CII in Mysuru. He said an atmosphere of fear and mistrust pervades the country and does not augur well for the economy.

"Bankers, too, are suspicious of everyone and not extending loans to industrialists. This has posed lots of problems," he said. "This attitude among bank officials should go as life depends on trust. When there is a deficiency of trust, there is a possibility of the economy slowing down," Sri Sri added

He said society is now facing two important issues - aggression and depression. "Some people stage protests and pelt stones which happened recently in Delhi. This is really unfortunate," he said, adding, "Fear lurks in the nation's capital, which is being used by many to create terror. This will affect the economy. No country will prosper without peace."

Wellness is the need of the hour, he said, adding, "Corporates used to spend half their health to gain wealth and spend half their wealth to regain their health. This isn't good economics. We have to talk and convince people to invest in wellness."

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News Network
February 10,2020

Udupi, Feb 10: The throat swabs of three suspected coronavirus patients in Udupi that was sent for tests have come back as negative.

Throat swabs of three persons who got admitted at a district government hospital in Udupi with symptoms of fever on Friday was sent to Bangalore medical college and research institute for test to know whether the admitted persons who returned from China 15 days back had contracted coronavirus.

The 30-year-old man from Kaup taluk had been China on personal work and had returned to Udupi 15 days back. Upon showing the symptoms of fever, throat pain and cold, he was suggested to get admitted.

He was admitted in the isolation ward and was directed to remain under quarantine till the observation period ends and till the test report is obtained.

Another family from Mandarthi, a man and his wife, who had returned after a tour from China 15 days back were also kept under observation at the isolation ward in the district government hospital, Udupi.

Udupi DC G Jagadish has said that there are no coronavirus case reported in Udupi and people need not panic. Sources said that the three tested negatives for coronavirus in Udupi will be discharged from the hospital on Monday.

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News Network
April 12,2020

Tumakuru, Apr 12: Fearing the spread of COVID-19 in Muddenahalli village, the villagers shifted to living in tents in nearby fields with most of their belongings.

Kariyappa, one of the villagers said, "We were scared of the COVID-19 spread, so we came here."

Around 60 families of the village lived in tents for three days, before they returned to their houses on the advice of the Tehsildar.

So far, 214 COVID-19 cases, including six deaths, have been reported in the state of Karnataka.

With 34 deaths and 909 new positive COVID-19 cases in the last 24 hours, the total number of coronavirus cases in India on Sunday reached 8356, including 716 cured and discharged, according to the Ministry of Health and Family Welfare.

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