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
January 24,2020

Bengaluru, Jan 24: Karnataka High Court on Friday ordered notice to the state government and self-styled godman Swami Nithyananda while hearing a petition seeking cancellation of bail granted to him.

A petition was filed in the Karnataka High Court on Friday seeking cancellation of bail granted to Nithyananda for skipping the trial and fleeing the country.

Justice John Michael Cunha, after hearing the complainant, ordered issuance of notice to the state government and Nithyananda and posted the matter for hearing next week.

The petition, filed by K Lenin, alleged that Nithyananda has been skipping trial and has fled the country on an expired passport.

The plea further said that Nithyananda was making false representations in his "exemption petitions to the trial court as if he is still in India".

Interpol has also issued a 'blue corner notice' to locate the self-styled godman, who is facing trial in a criminal case, on the request of Gujarat Police. 

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News Network
March 8,2020

Bengaluru, Mar 8: The economic slowdown in the country had a cascading effect on Karnataka, as its growth rate for outgoing fiscal 2019-20 is projected to be 6.8 per cent against 7.8 per cent in the last fiscal (2018-19), a senior official said on Saturday.

"The Gross State Domestic Product (GSDP) is estimated to be 1 per cent less at 6.8 per cent for this fiscal from 7.8 per cent in the last fiscal due to slowdown in manufacturing (industry) and services sectors," an official of the state finance department told media.

Though the agriculture sector has revived from 1.6 per dent in the drought-hit last fiscal (2018-19) to register 3.9 per cent this fiscal, growth rates of industries and services will be 4.8 per cent and 7.9 per cent for 2019-20 against 5.6 per cent and 9.8 per cent respectively in 2018-19.

"The GSDP is projected to grow at 6.3 per cent in the ensuing fiscal of 2020-21 due to continued slowdown in the national economy," the official hinted.

According to the state's economic survey for 2019-20, the farm sector grew more than double to 3.9 per cent from 1.6 per cent a year ago due to increase in the production of foodgrains, dairy products and fish catch.

Foodgrain production across the state rose to 136 lakh tonnes from 128 lakh tonnes a year ago, the survey revealed.

"In line with the national Gross Domestic Product (GDP) growth rate decline, Karnataka's GSDP has declined from a high of 13.3 per cent in 2016-17 to a low of 6.8 per cent in 2019-20.

"The GSDP has declined from a double-digit growth of 10.8 per cent in 2017-18 to 7.8 per cent in 2018-19 and 6.8 per cent in 2019-20," the survey pointed out.

The survey has adopted the all-India growth rate for the services sector growth in the state, which reflects the impact of slowdown in the key sector.

At current prices, the southern state's GSDP is expected to be Rs 16,99,115 crore (budget estimates) with a 10 per cent growth rate in the next fiscal (2020-21).

"Real estate, professional services and ownership of dwellings contributed 35.31 per cent to the GSDP in 2019-20, followed by manufacturing with 15.32 per cent, trade and repair services 9.51 per cent and crops 7.44 per cent," said the survey findings.

Per capital income in the state at current prices is estimated to be Rs 2,31,246 in 2019-20, an increase of 8.8 per cent from Rs 2,12,477 in 2018-19.

"The per capita income in the state is 58.4 per cent more than that of all-India rate at Rs 1,35,050 in this fiscal," the survey added.

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News Network
March 13,2020

Bengaluru, Mar 13: This year, schoolchildren will have a longer summer vacation starting early, thanks to the new coronavirus onslaught. Primary and Secondary Education Minister Suresh Kumar on Thursday announced that schools in Bengaluru Urban and Rural districts will be closed for vacation from Friday.

Classes from LKG to sixth standard will closed for vacations till the schools reopen in June, while students of classes 7-9 will have ‘study holidays’ until their examinations commence (as scheduled by their respective schools). Their summer vacations will begin with the completion of their examinations.

Class 10 students will have their examinations according to the dates scheduled earlier.

“Let us not treat this as a panic reaction or something to cause a scare. This measure is taken as a precaution. A lot of parents were worried about their children. We have already announced the closure of schools from nursery to sixth standards. Now, we are declaring official holidays upto sixth standard. Students of standards 1-6 will all be promoted based on their formative assessment,” said Kumar adding, “no student will be detained in those classes.”

With respect to seventh, eighth and ninth standards, the schools will be closed for study holidays and students will have to return to write their examinations.“We will not interfere in the examination schedules of CBSE and ICSC schools. However, state syllabus schools have to finish their examinations before March 23”, Public Instruction Commissioner KG Jagadeesh said.Just a couple of papers of the PU examinations are left after which their holidays will begin.

Exam timetable not changed

Miscreants are spreading rumours that SSLC examination dates are changed because of the new coronavirus outbreak. However, Karnataka Secondary Education Examination Board director V Sumangala categorically said the examinations will be held from March 27  to April 9 as scheduled earlier.

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