Latest news with #JasbirSingh
Time of India
2 days ago
- Business
- Time of India
Amber Group to Acquire Majority Stake in Power-One Micro Systems
Amber Group , a homegrown contract manufacturer for HVAC and consumer electronics, has entered into definitive agreements for acquiring majority stake in Bengaluru-based Power-One Micro Systems -based Power-One Micro Systems. Power-One is a manufacturer of solar inverters , uninterruptible power supplies (UPS), Battery Energy Storage Systems (BESS), EV chargers and other power and energy solutions. "The transaction will enable the Amber group to foray into a rapidly growing segment of energy solutions including Solar inverter (on grid, off grid and hybrid), BESS, UPS, solar power plants and EV chargers and augment the Industrial segment of the Electronics Division of the Company," the company said. ILJIN Electronics India, a subsidiary of Amber Group, has entered into definitive agreements for taking a majority stake in PowerOne Micro Systems, which had a turnover of Rs 184.87 crore in FY'24. This deal will be on a "cash consideration." On valuation, Amber group said: "The acquisition of majority stake in the equity share capital of Power-One will be done at a mutually agreed value and will be disclosed separately post-closing." "This transaction will provide a strong foothold for Amber's Electronic Division into the rapidly growing sector for Battery Energy Storage Systems (BESS), EV chargers, UPS and Solar inverter (on grid, off grid and hybrid) market," said Jasbir Singh, executive chairman and CEO of Amber Group.
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Business Standard
4 days ago
- Business Standard
Elderly Ludhiana couple dies by suicide after alleged harassment over EMIs
An elderly couple in Ludhiana died by suicide after allegedly facing repeated harassment and humiliation from bank officials, despite having repaid more than 55 instalments on their loan. The couple — Jasbir Singh (59) and his wife Kuldeep Kaur (58) — consumed poison inside their hosiery store, leaving behind a suicide video and note naming specific officials from IDFC FIRST Bank, The Indian Express reported on Saturday. Local police have registered an FIR for abetment to suicide against the bank's branch manager and two unidentified employees based on the video and statements from the couple's son. According to the police, the couple ran a hosiery and garments business under the name Panchratan Fashion in Gandhi Market Colony. On Wednesday, they consumed sulphas tablets inside their shop. Before taking the step, they recorded a video message detailing their ordeal, the report said. In the video, Singh, an Amritdhari Sikh, is heard saying, 'With immense grief in our hearts, we are leaving this world today... The officials from IDFC FIRST Bank and some other banks have humiliated me to such an extent that I have no other option… They did not even honour my white beard... I have already repaid 55 instalments of my loan and even then I was humiliated so much that it became unbearable. We are consuming sulphas tablets to end our lives.' He further said, 'My family is very nice, they respect me a lot. I know my son, daughter and grandchildren will be saddened but it is our compulsion now to take this step.' Son alleges over 200 harassment calls, threats by agents The couple's son, Gagandeep Singh, told the police that they had availed a loan of approximately ₹2.35 crore–₹2.38 crore against property from a private bank to support their business. While they had repaid 55 EMIs — totalling over ₹1 crore — a delay in the current month's payment allegedly triggered relentless harassment. He claimed the bank's recovery team made over 200 calls daily and even visited their shop and residence in Harbanspura. 'They misbehaved with my parents and even threatened me when I intervened,' he said. On Thursday morning, Gagandeep found his parents unconscious and rushed them to DMC Hospital, where they were declared dead. Suicide note details threats, abusive behaviour Police confirmed that a handwritten suicide note was recovered from the scene. The note corroborates the contents of the video, citing mental harassment and threats from bank officials. It also warned that their home was at risk of being taken over. SHO Gagandeep Singh from Division No. 4 police station said the bodies have been sent for post-mortem and an investigation is underway. Additional DCP-1 Sameer Verma confirmed that an FIR had been lodged against Naresh Sharma, branch manager of IDFC FIRST Bank at Feroze Gandhi Market, and two unidentified employees. The case has been registered under sections 108 (abetment to suicide), 351(2) (criminal intimidation) and 3(5) (criminal conspiracy) of the Bharatiya Nyaya Sanhita (BNS), the Indian Express report said.
Indian Express
5 days ago
- Indian Express
Elderly couple dies by suicide, names bank in video note: ‘Leaving this world with a heavy heart… bank officials humiliated us'
An elderly couple from Ludhiana died by suicide after allegedly being harassed and humiliated by bank officials despite having repaid over 55 loan installments, police said on Thursday. The couple left behind a video message naming officials from IDFC-FIRST Bank, prompting the police to register an FIR for abetment to suicide. The deceased were identified as Jasbir Singh, 59, and his wife Kuldeep Kaur, 58, who ran a hosiery business and owned a shop, 'Panchratan Fashion', in Gandhi Market Colony, Ludhiana. According to police, the couple consumed sulphas tablets at their shop on Wednesday and recorded a video message on their phone before ending their lives. In the video, Jasbir Singh is seen with his wife, saying: 'With immense grief in our hearts, we are leaving this world today. I am an Amritdhari Sikh. The officials from IDFC-FIRST Bank and some other banks have humiliated me to such an extent that I have no other option… They did not even honour my white beard. I have already repaid 55 instalments of my loan and even then I was humiliated so much that it became unbearable. We are consuming sulphas tablets to end our lives.' He added, 'My family is very nice, they respect me a lot. I know my son, daughter and grandchildren will be saddened but it is our compulsion now to take this step.' Based on the suicide video and the statement of their son Gagandeep Singh, the police have booked Naresh Sharma, branch manager of IDFC-FIRST Bank, Feroze Gandhi Market branch, and two unidentified bank employees. Gagandeep told the police that his parents had taken a loan of Rs 2.38 crore for their hosiery and garments business. Though they had repaid 55 instalments amounting to over Rs 1 crore, the current month's EMI was delayed due to financial difficulties. 'The bank manager and his colleagues began harassing my parents over the phone and even visited their shop to threaten them,' he told the police. Additional DCP-1 Sameer Verma confirmed that the police had registered a case based on the family's complaint. 'The couple had already repaid 55 instalments. They left behind a video message alleging continued harassment by bank officials. We have registered an FIR against the bank manager and his two colleagues,' he said. The FIR has been registered at Division Number 4 police station under sections 351(2) (criminal intimidation), 108 (abetment to suicide), and 3(5) (criminal conspiracy) of the Bharatiya Nyaya Sanhita (BNS). No arrests had been made till the time of filing this report.
News18
5 days ago
- News18
Ludhiana Couple Consume Poison, Die After Alleged Harassment By Bank Officials Over Loan Dues
Despite paying 55 EMIs regularly, one delayed payment this month allegedly led to pressure and threats from the bank's recovery team A couple from Ludhiana, Punjab, allegedly died by suicide after facing repeated harassment from private bank recovery agents over loan repayment. The couple, Jasbir Singh (60) and his wife Kuldeep Kaur (59), reportedly consumed poison inside their shop located beneath their hosiery factory in Gandhi Nagar Market. According to their son, they had taken a loan against property (LAP) of around Rs 2.35 crore from a private bank to run their business. Despite paying 55 EMIs regularly, one delayed payment this month allegedly led to pressure and threats from the bank's recovery team. The son claimed his parents received over 200 calls a day. Recovery agents also followed and confronted them regularly. Last week, officials allegedly came to their home in Harbanspura and misbehaved with them. When their son intervened, he too was allegedly threatened. On Thursday morning, their son found them unconscious in the shop. Before losing consciousness, they told him they had consumed poison. He rushed them to DMC Hospital, but both were declared dead. Police confirmed that a suicide note was found at the scene, in which the couple accused bank officials of issuing threats and subjecting them to mental harassment. The note also described abusive behaviour and warned that their home would be taken over. First Published:
Time of India
12-06-2025
- Time of India
Mohali police bust inter-state drugs racket, seize 14.37kg opium; 2 arrested
1 2 3 Mohali: The police have arrested two inter-state smugglers and recovered 14.37 kg of opium from their possession. The accused were intercepted while transporting the narcotics from Bareilly, Uttar Pradesh, to Tarn Taran using Mohali as a transit route. Acting on a tip-off, a police team from Lalru police station set up a blockade near Gholumajra bus stop on Chandigarh-Ambala highway. A Toyota Innova with an Uttarakhand registration number was stopped, leading to the arrest of 27-year-old Ranjodh Singh from Madar village (Khadoor Sahib, Tarn Taran) and 35-year-old Jasbir Singh from Madi village (Bhikhiwind, Tarn Taran). Police also recovered Rs 5,000 in cash, believed to be drug money. SP Manpreet Singh said the operation was part of a sustained campaign against narcotics. SHO Simran Singh and his team, while on patrol, received intelligence about the smuggling attempt. Upon interception, DSP Derabassi Naveenpal Singh Lahal reached the spot, and in his presence, two wax-sealed packets were recovered from a bag in the car. One packet contained 7.545 kg and the other 6.825 kg of opium. The accused were presented before a local court and sent to two-day police remand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo Investigations have revealed that both individuals have a criminal history. Ranjodh Singh was booked under the NDPS Act in 2021 at Jandiala Guru police station, Amritsar rural, for possession of 28 grams of heroin. Jasbir Singh was previously arrested in 2019 in Amritsar for possession of 4.8 kg of opium. This was their third trip transporting opium along the route. Police are probing the supply network and possible links to larger interstate narcotic operations. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
