Bengaluru, Dec 14: Ramesh Babu Nayak, who makes his living by plying auto-rickshaw, has won the hearts of many, including police, for his act of honesty.
He has handed over safely a bag containing cash of over ten lakh rupees to its true owner, who had left it in the three-wheeler.
“Auto driver Ramesh Babu Nayak, won the kudos for the state and the country, when he had handed over promptly a cash of Rs 10 lakhs,” said the proud police.
New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.
Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.
A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.
According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.
Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.
"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.
Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.
Currently, the government owns the entire 100 per cent stake in LIC.
Saudi Aramco shares were listed in December last year.
Nanded, May 24: In a sensational incident, a Lingayat seer from Karnataka was found murdered in his mutt in the Nanded district of Marathwada region of Maharashtra on Sunday.
The seer, who was strangled to death, has been identified as Shivacharya Nirvanarudra Pashupatinath Maharaj, the founder-spiritual head of Nirvanji Pashupatinath Mutt.
Addressing media persons, Nanded Superintendent of Police Vijaykumar Magar, the prime suspect, Sainath Langote first killed his accomplice Bhagwan Shinde and then went to the ashram late on Saturday.
He entered Shivaharya Maharaj's bedroom where he was resting and threw chilli powder in his eyes, blinding him.
Then he quickly grabbed cash of Rs 69,000, his laptop and other valuables in the bedroom worth approximately Rs.1.50 lakh, besides the seer's car keys.
As Shivacharya Maharaj attempted to grapple with him, Langote pinned him down and strangled him, then dragged his body to the sadhu's car parked outside and dumped it into the boot.
"He started the car and sped off towards the road outside, but the car crashed into the main gate of the ashram creating a noise, alerting the other sevaks sleeping inside the ashram," Magar said.
Around 8-10 other ashram sevaks rushed outside to check the ruckus and when they saw their seer's belongings and his body in the car trunck, they attempted to stop Langote, but he gave them the slip.
A short distance away, Langote managed to steal a motorbike and sped off into the darkness and hours later, the police found the body of his accomplice Shinde from a nearby school premises, Magar said.
In view of the sensitivity of the incident, Magar said around five crack teams were formed which fanned out into the district and managed to catch Langote this afternoon.
"The prima facie motive for the seer's murder was clearly robbery and the second killing could be due to rivalry or some differences among them. The absconder suspect has been caught by a police team. We will interrogate him and get further details of the crime," Magar said.
Nanded Congress strongman and PWD Minister Ashok Chavan appealed that the murder should not be politicized, since the police investigations are underway and the autopsy report is awaited.
He said the deceased sadhu belonged to the Lingayat caste, and both Shinde and Langote who belonged to the same community were his followers.
Shivacharya Maharaj had come to Nanded over a decade ago and set up the ashram which he ran along with a band of followers.
Mangaluru, May 10: A young photographer has drowned in River Phalguni near Maravoor on the outskirts of the city.
The victim has been identified as Kaushik, 22, who was working for Diya Studio in Kavoor. A resident of Kavoor, he was the only son of his mother.
The tragedy occurred when he had been to the river along with four friends to collect freshwater snails.
It is learnt that local residents rushed to the spot when Kaushik’s friends raised alarm. However, they could not rescue him.
Kaushik’s body was retrieved from the water after sometime. A case has been registered at Kavoor police station.
Comments
Salutes to Ramesh Babu Nayak for his nobility. He should be honoured for his sincereness. Everyone should take lesson from him. Well done Ramesh. May God bless you with happiness throughout your life and you be an example to others.
All i can say is India is funny country, while a doctor has been raped and burnt the other side unbelievably has something quite contrary but beautiful!
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