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News18
5 days ago
- News18
UP: Ballia sees 2 suicides in a day; boy hangs self; man jumps before train
Ballia (UP), Jul 19 (PTI) Two separate cases of suicides were witnessed in the Ballia district here, involving a minor boy and a man, officials said on Saturday. Satyam Gond (12) allegedly died by suicide after hanging himself at his house in Sultanpur village on Friday, police said. After receiving information about the incident, the police arrived at the scene, took the body into their custody and sent it for post-mortem examination. At the time of the incident, Satyam was home alone while his mother was outside in the field grazing goats with his two siblings. He was allegedly upset after being scolded by his mother, which led him to hang himself using a rope tied to the hook of a ceiling fan, Rasra Police Station SHO Vipin Singh said. In another incident, Pankaj Thathera (35) allegedly took his own life by jumping in front of a train in the Ubhaon Police Station area in Ballia district. He was struck by the Krishak Express, travelling from Varanasi to Lucknow, near the Madhuban railway crossing in Bilthara Road town on Friday night. The SHO added that the police are investigating to ascertain why he took the extreme step. PTI COR NAV MPL MPL view comments First Published: July 19, 2025, 18:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Time of India
11-07-2025
- Time of India
Chhattisgarh HC: Compassionate appointee has moral and legal duty to support deceased employee's family
Chhattisgarh high court RAIPUR: The Chhattisgarh High Court has upheld the Family Court's decision directing a government employee to pay monthly maintenance to his stepmother and step-siblings, observing that compassionate appointment carries not just legal but moral obligations toward the dependents of the deceased. Dismissing a revision petition filed by Satyam Khakha, a lineman employed by the Chhattisgarh Electricity Board in Jashpur, Chief Justice Ramesh Sinha noted that the applicant had failed to fulfill the promise made at the time of his compassionate appointment—namely, to provide financial support to the family of his deceased father, Surendra Khakha. The petitioner had challenged a 2018 order by the Family Court, which directed him to pay Rs 1,000 per month to his stepmother, Rukhamani Khakha, and Rs 3,000 each to his minor step-siblings, Anju and Shivam, until they attained adulthood. Surendra Khakha, who served as a lineman, died in December 2010. Following his death, the Electricity Department offered a job on compassionate grounds. Rukhamani, the widow, issued a No Objection Certificate in favour of Satyam on the understanding that he would take care of the entire family, including her and the children. However, the Family Court found that despite drawing a salary of Rs 30,000–Rs 35,000 per month, Satyam did not honour this commitment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giá vàng đang tăng mạnh trong năm 2025 — Các nhà giao dịch thông minh đã tham gia IC Markets Tìm hiểu thêm Undo In the High Court, the applicant argued that the non-applicants were his step-relations and not legally entitled to maintenance under Section 125 of the CrPC. He also claimed his monthly income was only Rs 14,500 and that his stepmother was financially self-sufficient through pension benefits. Rejecting these arguments, the High Court observed that 'under the legal objective of granting compassionate appointment, it was considered to be the moral and legal duty of the appointee to provide maintenance to the dependents of the deceased until they became self-sufficient.' The Court emphasized that Satyam had initially agreed to support the family, but later distanced himself after marriage and ceased payments even though his income had increased to over Rs 40,000 per month. Taking into account the social status of the parties and the rising cost of living, the Court concluded that the Family Court's award of Rs 7,000 per month in total maintenance was reasonable and not 'shockingly on higher side.' The High Court thus found no illegality or irregularity in the Family Court's order and dismissed the revision petition.
Indian Express
05-07-2025
- Business
- Indian Express
5 red flags that signal trouble for investors
Many investors believe that reading reports and tracking market news are enough to avoid major losses. However, history shows that certain warning signs often appear before serious trouble begins. For example, during India's infrastructure boom, a stock that was trading above Rs 25 steadily declined to around Rs 5. Today, the stock has technically lost over 99% of its value from its peak, and trades close to zero. Cases like these highlight that investing is not only about picking the right opportunities but also about knowing what to avoid. Below are five practical red flags that investors should watch for before putting money into any company. 1. Company investing in stocks or unrelated businesses A serious red flag is when a company starts using its cash to invest in stocks, real estate, or completely unrelated businesses, instead of focusing on its core operations. This almost always signals poor capital discipline and often means the management lacks strong growth ideas within the main business. It can also be a sign of governance issues, as promoters may use company money to benefit other ventures. Take Sunil Hitech Engineers as an example. The company was once focused on power and infrastructure construction projects. Over time, it started diverting funds into unrelated real estate projects and financial investments. Instead of using profits to reduce debt or improve its main engineering capabilities, the company chased risky side businesses. These moves weakened its balance sheet, increased borrowings, and eventually led to severe financial trouble. The stock price, once above Rs 25, crashed close to zero, resulting in a loss of almost 99% of value from its peak. Another striking example is Satyam Computers. In 2008, Satyam announced plans to invest over Rs 7,000 crore to acquire Maytas Properties and Maytas Infra, companies controlled by its promoters. Investors saw this as a clear misuse of funds – money meant to grow the core IT services was being redirected to unrelated real estate and infrastructure. The market reacted immediately, and Satyam's stock fell by over 55% in one day. Soon after, a massive accounting scandal was revealed, eroding investor wealth. What to look for A company should use its cash to strengthen its main business, reduce debt, or pay dividends. When it starts acting like a fund manager, it often ends up hurting investors badly. This is a clear sign to stay away. 2. Promoters steadily selling their shares Promoters and founders are the people closest to a company's real situation. They know its strengths, weaknesses, future risks, and hidden problems better than anyone. So when they start consistently selling their shares, it is often a major red flag. A promoter may occasionally sell a small part of their holding for personal reasons, like estate planning or diversification. But repeated or large-scale selling usually signals a loss of confidence in the business, or hints at deeper troubles not yet visible to public investors. A clear example is Yes Bank. Between 2018 and 2019, co-founder Rana Kapoor began offloading his shares aggressively. His stake dropped from around 10% to almost nothing. He ended up holding only 900 shares, worth virtually nothing. While retail investors believed Yes Bank was strong and saw past growth numbers, the promoter was quietly exiting. Shortly after, Yes Bank faced a severe crisis due to hidden bad loans and weak governance, and the stock collapsed from above Rs 400 to below Rs 10. Retail investors who ignored the promoter's exit suffered massive losses. Another example is Jet Airways. Naresh Goyal, the founder, kept reducing his stake and pledging shares as collateral to raise funds, which put the company's future ownership structure at risk. Frequent stake reductions hinted at cash flow stress and poor business health. Eventually, Jet Airways ultimately stopped operations in 2019, leaving shareholders with heavy losses. What to look for If insiders do not want to stay invested, it is a clear signal for retail investors to be extremely cautious. 3. Frequent changes in top management A stable and experienced leadership team is critical for a company's long-term success. When a company sees frequent exits of CEOs, CFOs, or other senior leaders, it signals deeper problems, such as disagreements on strategy, governance issues, or even potential fraud. Stable companies tend to retain leaders who share a long-term vision and can execute it consistently. In contrast, continuous churn at the top creates confusion, disrupts execution, weakens employee morale, and can even impact relationships with suppliers and customers. Take CG Power and Industrial Solutions as a clear example. Between 2017 and 2019, the company saw multiple high-profile exits: the chairman was forced out, the CFO was sacked for misconduct, and other senior executives resigned one after another. These departures were early warnings that something was deeply wrong in the company's internal functioning. Soon after, it was reported that CG Power had engaged in major financial irregularities, including unauthorised transactions worth thousands of crores. The stock price fell sharply, wiping out significant investor wealth. Investors who ignored the management churn ended up paying a heavy price. Another example is Fortis Healthcare. Over a few years, Fortis faced multiple CEO and CFO resignations, and exit of independent directors amid allegations that promoters had misappropriated company funds. Once the financial troubles became public, the stock price collapsed, and the company had to undergo a complete ownership change. What to look for Frequent leadership exits often reflect deeper cracks that numbers alone will not show. If leaders are repeatedly leaving, it is a strong signal to avoid the stock. 4. Sudden surge in trade receivables A company's trade receivables represent money owed by customers for sales already booked. In a healthy business, these are collected promptly, supporting smooth cash flow. When receivables suddenly rise sharply and faster than revenue growth, it signals that the company may be booking sales aggressively but struggling to collect cash. This often points to weak customer quality, poor credit policies, or even possible revenue manipulation to inflate reported profits. A major example is Sintex Plastics Technology. As it expanded, the company's trade receivables started piling up. While on paper, Sintex showed strong revenue growth, the cash did not come in. This led to a cash crunch, increased debt, and ultimately defaults. By 2020, the company was admitted for insolvency, and investors lost almost all value. Another example is Punj Lloyd, an engineering and construction firm. To show growth, it took on large projects and offered lenient credit terms, resulting in receivables ballooning beyond manageable levels. Over time, this created severe cash flow stress, forced heavy borrowings, and pushed the company into insolvency proceedings. What to look for Strong businesses focus on cash generation, not just booking paper sales. If a company's money is stuck with customers, your money may end up stuck in that stock too. 5. High promoter or top management salary compared to profits When management consistently draws very high salaries, especially without clear links to overall long-term performance, it signals poor alignment with shareholder interests. In good governance, promoters and key executives usually align their wealth creation with that of shareholders. This means they benefit through dividends, share price appreciation, and only take higher pay when the business genuinely performs well over a sustained period. A single bad year or a short-term profit dip does not necessarily make high pay wrong. In fact, during turnarounds, strong leaders may deserve high compensation for driving difficult changes. The real red flag is when high salaries persist regardless of business health, or when pay rises while overall shareholder value erodes over multiple years. An example is Balaji Telefilms. In a year where the company earned a profit of only about Rs 0.47 crore, the two main promoters received Rs 5.16 crore in combined salary, over ten times the net profit. There was no visible improvement trend or strong long-term shareholder return that justified such pay. Similarly, at Sun TV, promoters took about Rs 74 crore combined in 2008-09, around 20% of net profit, raising questions about whether enough was being reinvested for future growth or shared with shareholders. What to look for When there is no clear link to sustained performance, high pay becomes a warning sign rather than a reward for success. Key takeaway There are many ways to analyse a company. Investors often look at margins, return on equity (RoE), debt ratios, or growth rates. However, the five red flags shared above are basic checks that do not need complex calculations or deep technical skills. Any retail investor can understand and use them to protect their capital. Note: We have relied on data from the annual reports throughout this article. For forecasting, we have used our assumptions. Parth Parikh has over a decade of experience in finance and research, and he currently heads the growth and content vertical at Finsire. He holds an FRM Charter along with an MBA in Finance from Narsee Monjee Institute of Management Studies. Disclosure: The writer and his dependents do not hold the stocks discussed in this article. The website managers, its employee(s), and contributors/writers/authors of articles have or may have an outstanding buy or sell position or holding in the securities, options on securities or other related investments of issuers and/or companies discussed therein. The content of the articles and the interpretation of data are solely the personal views of the contributors/ writers/authors. Investors must make their own investment decisions based on their specific objectives, resources and only after consulting such independent advisors as may be necessary.
Indian Express
04-07-2025
- Indian Express
Mumbai: Six arrested for driving 23-year-old e-commerce employee to suicide
THE MUMBAI police on Friday arrested six persons in connection with an abetment to suicide case where a 23-year-old Bhandup resident, working for a well-known e-commerce platform, committed suicide following alleged harassment by colleagues and friends whom he owed money. As per police, the deceased Shivam Tiwari committed suicide by hanging himself at his Bhandup residence on Wednesday night. His family members told the police that for the past two weeks, Shivam's colleagues Sonu Yadav and Chetan Gautam forced Shivam to reject the undelivered parcels of others using his ID. Shivam had told his younger brother Satyam (20) that the company blocked his ID if there were a large number of rejections. 'If my brother did not do so, they would call him and repeatedly abuse him and mentally harass him,' Satyam said in the statement. The two colleagues had also come to the deceased's residence under the influence of alcohol and demanded money from him that he was to deposit in the office. Similarly, Shivam's friend Omkar More whom Shivam owed Rs 30,000 had been calling and abusing him to return the money, Satyam said in the statement. More allegedly also sent three other persons Aniket Ghadi, Ganesh Nikalje and Gautam Dhekale to Shivam's residence to beat him up. The family said that owing to this harassment, Shivam had been under stress and eventually on Wednesday night when no one was at home, he committed suicide. Based on the brother's statement, the Bhandup police registered an abetment to suicide case. An officer from Bhandup police said that soon after registration of the FIR, they arrested all the six persons. 'The accused were produced before the court and remanded to police custody till July 8,' an officer added. An officer said that they are checking about the total money that the colleagues were demanding from the deceased.
Time of India
04-07-2025
- Time of India
6 booked for abetment after delivery man dies by suicide
Mumbai: The Bhandup police have registered charges against six individuals following the suicide of a 23-year-old delivery executive who faced mental harassment and intimidation regarding a parcel rejection racket and an outstanding personal loan. A parcel rejection racket is a scam where individuals or groups exploit the parcel delivery system to defraud customers or businesses. This can involve fake delivery attempts, fraudulent tracking information, or even the theft of parcels. In July, delivery executive Shivam Vinod Tiwari took his own life in Bhandup. His younger brother, Satyam Tiwari, found him after returning from a visit to a doctor with their cousin and took him to Agarwal General Hospital, Mulund, where doctors pronounced him dead. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai The post-mortem examination at Rajawadi Hospital determined that death occurred due to asphyxia from hanging. According to Satyam's statement, Sonu Yadav and Chetan Gautam pressured Shivam to dishonestly reject undelivered Amazon parcels using his work credentials. When he declined or failed to participate, they reportedly verbally abused and threatened him via telephone. Furthermore, Shivam had taken a loan of Rs 30,000 from Omkar More and struggled with repayment. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Hear true cinema with boAt Boat Buy Now Undo Omkar allegedly subjected him to persistent harassment through calls and threats. On Wednesday, Satyam reported that three individuals – Aniket Ghadi, Ganesh alias Dhanraj Nikalje, and Gautam Dhekale – approached their residence, claiming Omkar More had sent them to intimidate Shivam. Despite Satyam's assurance to arrange payment within 20 minutes, Shivam was subsequently discovered unconscious inside the house. Following Satyam's testimony, the Bhandup Police have filed a case of abetment to suicide under applicable IPC sections against Sonu Yadav, Chetan Gautam, Omkar More, Aniket Ghadi, Ganesh Nikalje and Gautam Dhekale. Police have recorded statements and seized relevant mobile phones as evidence.
