Driver kills couple for cash on way to Karnataka

TNN
June 18, 2019

Hyderabad, Jun 18: A 76-year-old city-based landlord and his wife, who were missing since June 12, were found to have been murdered near Humnabad in Karnatakaallegedly by their driver for the money and gold the couple were carrying. The decomposed bodies of P Navratan reddy (76) and Snehalata Reddy (72) were recovered on Sunday from Anantagiri Hills where it had been dumped a kilometre apart in the wee hours of July 13. Driver Satish and his accomplice Rahul were arrested on Monday and Rs 5 lakh and 25 tola gold seized from them.

The murder came to light after the couple’s four US-based children didn’t receive any calls for several days and they alerted family members in the city who then approached cops. Reddy owned about 40 acres in Patancheru and over 55 acres in Humnabad (Bidar). He had been travelling frequently between Hyderabad and Humnabad to his rented place to oversee the development of his land. On the night of June 12 too Reddy and his wife had started from their home at BHEL in their Innova with driver Satish. The couple slept during the journey.

“Around 1am, when the car crossed Mannaekhelli toll plaza before Humnabad, Satish took a detour. He got off the main road and drove for about 100 metres to an isolated area where his friend Rahul was waiting. Reddy woke up when Satish stopped the car and got out of the vehicle. Both Satish and Rahul attacked him with an iron rod. By then, his wife had woken up and the duo attacked her too. The couple were then strangled with towels,” Humnabad sub-inspector LT Santosh Kumar said .

The duo took the cash and gold the couple had on them and drove through villages, bypassing toll plazas and reached Anantagiri Hills in Vikarabad district where the bodies were dumped.

The two then split, with Satish driving the Innova back to Reddy’s BHEL house. He cleaned up the interiors of the car, parked it and left the place.

As the couple, who used to call their US-based children at least 10 times a day, did not make any contact since June 12 night, family members grew suspicious.

“Their relatives approached us on June 13 night saying that the couple’s phones were switched off. Driver Satish had told the relatives that he had dropped them at home and left. We picked up Satish after he lied about his whereabouts. He confessed to having killed the couple with the help of a friend for the money,” SI Kumar said, adding that Rahul was arrested from Dhumnsur village near Humnabad.

The accused were produced before court in Humnabad on Monday.

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News Network
February 2,2020

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.

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News Network
April 28,2020

Bengaluru, Apr 28:  Karnataka Chief Minister B S Yediyurappa today launched a Helpline service for Kannadigas residing outside Karnataka.

On April 24, Dakshina Kannada district in-charge Minister Kota Srinivas Poojary in a letter to the Chief Minister requested a helpline for stranded Kannadigas in Mumbai, other States and other countries.

The helpline will help resolve the problem of stranded Kannadigas across the country. After a request is made, local authorities of the caller will be contacted to provide the required help. The helpline will be operated from Bengaluru and staffed with 50 employees in three shifts.

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News Network
June 24,2020

Bengaluru, Jun 24: Three weeks after the BMTC resumed running air-conditioned buses in the state capital, the state-owned Karnataka State Road Transport Corporation (KSRTC) has announced plying AC buses to eight cities to begin with, including to Mangaluru and Mysuru, from Thursday.

From tomorrow travellers can travel to Mysuru, Mangaluru, Kundapura, Madikeri, Chikkamagaluru, Davanagere, Shivamogga and Virajpet in AC buses, KSRTC said in a statement released here.

Listing out the measures taken to check the spread of Covid-19, the Corporation said that the temperature inside the buses will be maintained at 24 to 25 degrees Celsius and no blankets will be provided in the night service buses.

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