Latest news with #Shinde
Time of India
6 hours ago
- Time of India
Cops crack Rs4.5 lakh robbery at Vadgaon Budruk; mastermind among three arrested
Pune: The city police on Wednesday claimed to have cracked the armed robbery of gold ornaments worth Rs4.5 lakh on Tuesday afternoon from a jewellery store in Vadgaon Budruk following the arrest of three suspects, including the mastermind. Tired of too many ads? go ad free now The entire booty and a toy gun used to threaten the victim — the store owner's wife — were recovered from the trio. The police, after the recovery of a billhook used in the crime, said the robbery was planned to make some quick money. The arrested trio's 16-year-old accomplice was detained on Tuesday afternoon from the Vadgaon Budruk area. His questioning led the police to the three major suspects. "We arrested Omkar Ravi Shinde (22) of Narhe, and Vardan Sanjay Kharatmal (20) and Amar Hanumant Wabhale (20) of Vadgaon Budruk from Ahilyanagar early in the morning on Wednesday after pursuing leads from the minor's questioning and our own tracking of the trio's movement." additional commissioner of police (crime) Pankaj Deshmukh said. He said, "Shinde had planned the robbery and did a recce of the jewellery store. The minor boy, along with Kharatmal and Wabhale, executed the crime. Kharatmal has previous body offence cases to his name, while Shinde was involved in sexual assault cases." Three people, with their faces covered, had barged into Shri Gajanan Jewellery store in Vadgaon Budruk when Mangal (55), the wife of the jeweller, Shankar Gharge, was alone manning the counter inside. The trio assaulted the woman on her head before robbing the ornaments and drove away from the spot on a bike. The jeweller had gone to deliver ornaments to a client then. The police worked on CCTV footage, the bike's registration number and cellphone tower location movement to trace the minor and detained him from his residence in the same area on Tuesday. The Sinhagad Road police registered a case under sections 311 (robbery or dacoity with an attempt to cause death or grievous hurt) and 3 (5), which refers to common intention, of the Bharatiya Nyaya Sanhita. Tired of too many ads? go ad free now "The minor revealed the names of his three accomplices," Deshmukh said. The Sinhagad Road police and the Pune city crime branch jointly pursued the leads under senior inspectors Dilip Dhaingade and Bhausaheb Patil, and assistant inspector Dnyaneshwar Dhawale. Investigations revealed that the minor returned home after the robbery, while Shinde, Kharatmal and Wabhale went to Janata Vasahat using roads not under CCTV cameras' surveillance. Later, they reached Swargate on the bike used in the crime and left it there. Kharatmal and Wabhale boarded a bus to Ahilyanagar. Shinde took another motorcycle they had kept at Swargate to drive all the way to Ahilyanagar, the police said.
Time of India
7 hours ago
- Time of India
Cops crack Rs4.5 lakh robbery at Vadgaon-Budruk; mastermind among three arrested
Pune: The city police on Wednesday claimed to have cracked the armed robbery of gold ornaments worth Rs4.5 lakh on Tuesday afternoon from a jewellery store in Vadgaon Budruk following the arrest of three suspects, including the mastermind. The entire booty and a toy gun used to threaten the victim — the store owner's wife — from the trio. The police, after the recovery of a billhook used in the crime, said the robbery was planned to make some quick money. The arrested trio's 16-year-old accomplice was detained on Tuesday afternoon from the Vadgaon Budruk area. His questioning led the police to the three major suspects. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "We arrested Omkar Ravi Shinde (22) of Narhe, and Vardan Sanjay Kharatmal (20) and Amar Hanumant Wabhale (20) of Vadgaon Budruk from Ahilyanagar early in the morning on Wednesday after pursuing leads from the minor's questioning and our own tracking of the trio's movement." additional commissioner of police (crime) Pankaj Deshmukh said. He said, "Shinde had planned the robbery and did a recce of the jewellery store. The minor boy, along with Kharatmal and Wabhale, executed the crime. Kharatmal has previous body offence cases to his name, while Shinde was involved in sexual assault cases." Three people, with their faces covered, had barged into Shri Gajanan Jewellery store in Vadgaon Budruk when Mangal (55), the wife of the jeweller, Shankar Gharge, was alone manning the counter inside. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch vàng CFDs với mức chênh lệch giá thấp nhất IC Markets Đăng ký Undo The trio assaulted the woman on her head before robbing the ornaments and drove away from the spot on a bike. The jeweller had gone to deliver ornaments to a client then. The police worked on CCTV footage, the bike's registration number and cellphone tower location movement to trace the minor and detained him from his residence in the same area on Tuesday. The Sinhagad Road police registered a case under sections 311 (robbery or dacoity with an attempt to cause death or grievous hurt) and 3 (5), which refers to common intention, of the Bharatiya Nyaya Sanhita. "The minor revealed the names of his three accomplices," Deshmukh said. The Sinhagad Road police and the Pune city crime branch jointly pursued the leads under senior inspectors Dilip Dhaingade and Bhausaheb Patil, and assistant inspector Dnyaneshwar Dhawale. Investigations revealed that the minor returned home after the robbery, while Shinde, Kharatmal and Wabhale went to Janata Vasahat using roads not under CCTV cameras' surveillance. Later, they reached Swargate on the bike used in the crime and left it there. Kharatmal and Wabhale boarded a bus to Ahilyanagar. Shinde took another motorcycle they had kept at Swargate to drive all the way to Ahilyanagar, the police said.
Indian Express
14 hours ago
- Politics
- Indian Express
Maharashtra BJP leader Prasad Lad claims Rs 3.20 crore from his MLC fund transferred using fake letterhead
Maharashtra Legislative Council Chairman Ram Shinde on Wednesday directed the state administration to take immediate steps to stop the growing cases of illegal transfers of MLC funds by using fake signatures and letterheads of legislators after BJP MLC Prasad Lad raised the issue. In the Council, Lad raised a point of information regarding the transfer of Rs 3.20 crore from his MLC fund without his consent, allegedly in an illegal manner. 'I received a call from the Ratnagiri collector's house about a letter from the Beed district on my letterhead with a list of 36 works for which Rs 3.20 crore from the legislator fund has been transferred. But I had never signed the letter, nor had my letterhead been given to anyone,' Lad told the Council. 'The police have identified the perpetrators in this case. There should be a thorough probe irrespective of the party affiliation of the accused,' demanded Lad. He said even his voice was used through AI on the telephone, and he sought urgent intervention from the state government to stop such fund theft. Legislators from all parties said that they have all faced such attempts, and those are increasing every passing day. 'Even I faced such an attempt when I was the minister. Other legislators like Uma Khapre, Niranjan Davkhare, too, have faced this,' said Chairman Shinde. He added that he immediately filed a police complaint, and the transfer of money was stopped. Shinde directed that the state government should take immediate steps to prevent such theft of funds. 'We have directed the state government. We are hopeful that necessary steps will be taken,' said Shinde. 'There has to be some policy decision on this issue. Technical sides need to be fixed and the state government must take strong action,' added Shinde.
Time of India
17 hours ago
- Business
- Time of India
Defence mutual funds gain up to 39% in 3 months. Should you join the rally or stay cautious?
Live Events Defence sector based mutual funds have delivered stellar returns in the past three months, with some schemes offering gains of up to 39%. The average return for the category stands at a strong 36.98%. Around six funds in the category have marked their presence in the market in the said time period. Motilal Oswal Nifty India Defence ETF offered a gain of 38.58% in the last three months, followed by defence funds of Groww Mutual Fund. Groww Nifty India Defence ETF and Groww Nifty India Defence ETF FOF offered a return of 38.48% and 38.32% respectively in the similar time the said time period, defence based two index funds - Motilal Oswal Nifty India Defence Index Fund and Aditya Birla SL Nifty India Defence Index Fund posted a return of 38.27% and 38.21% respectively. HDFC Defence Fund , the only actively managed fund based on the defence sector, posted a return of 30.04% in the same time believe that the sharp rally in the sector was driven by several factors such as rising government expenditure on defence modernisation, supportive policies like Make in India, Atmanirbhar Bharat and increase in geopolitical Palve, Director at Anand Rathi Wealth Limited is of the opinion that the sector remains very sensitive to geopolitical events and similar sharp rallies have occurred in the past usually followed by phases of consolidation or corrections as the sentiment cools off.'Given this volatility, investing in sectorial/thematic funds is not recommended as it requires tactic entry & exit to ride the performance which is not suitable for regular investors,' Palve shared with similar opinion, Sagar Shinde, VP Research, Fisdom told ETMutualFunds that PSU defence companies like HAL, BEL, and BDL have reported healthy order books, margin expansion, and earnings growth. 'Additionally, heightened geopolitical tensions have further increased interest in the sector, both domestically and globally, fueling investor optimism,' Shinde funds have demonstrated similar performance in the last six months as the funds offered up to 39% return with an average return of 35.29%. Motilal Oswal Nifty India Defence ETF offered a gain of 38.73% in the last six Read | JioBlackRock Overnight Fund opens for subscription. Who should invest? Motilal Oswal Nifty India Defence Index Fund delivered a return of 38.24% in the last six months. Groww Nifty India Defence ETF FOF and HDFC Defence Fund gained 36.60% and 21.94% respectively in the last six analysing the past performance of these funds, Shinde said that given the sharp rally, the current valuations appear stretched, making a large lumpsum entry risky and investors with a high-risk appetite and a 3–5 year horizon may consider selective the other hand, Palve while cautioning the investors said that one should keep in mind that investing in the defence sector, or any sectoral/thematic strategy, comes with its own set of challenges as these sectors often experience cyclical performance and require timely entry and exit to capitalise on momentum, which can be difficult for most investors to navigate, therefore, chasing current momentum in such sectors is not of six available funds based on the defence sector, five are passive funds whereas only one is active funds and with passive funds delivering stellar performance compared to active funds, Shinde mentions that, 'Passive funds are preferred, as they have consistently outperformed active peers by a wider margin and also have a better cost advantage. To manage timing risks, a staggered SIP approach is more prudent than a lumpsum investment.'According to a report by ETMarkets, recently defence stocks witnessed a surge after NATO allies agreed to hike defence spending and the move is being seen as a big export opportunity for Indian defence firms.'In a five-point statement issued on Wednesday, NATO leaders backed the big increase in defence spending that US President Donald Trump had demanded, and restated their commitment to defend each other from attack after a brief summit in the Netherlands,' the report Read | Beyond JioBlackRock: Eight other mutual fund NFOs open for subscription this week The further highlighted that the new spending target - to be achieved over the next 10 years - is a jump worth hundreds of billions of dollars a year from the current goal of 2% of GDP, although it will be measured differently and countries have pledged to spend 3.5% of GDP on core defence - such as troops and weapons - and 1.5% on broader defence-related measures such as cyber security, protecting pipelines and adapting roads and bridges to handle heavy military an increase in investor confidence in the sector and hike in defence spending, the experts caution investors with short term volatility in the sector due to stretched valuations and potential profit believes that the investors should enter with calibrated expectations and a long-term mindset. 'The medium to long-term outlook remains constructive, supported by strong policy tailwinds, increasing defence exports, and greater focus on self-reliance. However, short-term volatility cannot be ruled out due to stretched valuations and potential profit booking. Investors should enter with calibrated expectations and a long-term mindset,' he mentioning that the sector has potential to move higher supported by favourable government policies and long-term capital commitments, Palve advises investors not to focus solely on any one sector rather focus on broad-based diversified equity funds.'Looking ahead, the defence sector has the potential to move higher, supported by favourable government policies and long-term capital commitments. However, current valuations suggest the sector appears overheated, with a high degree of froth. This shows that the optimism around future positive events such as order wins, export growth and policy tailwinds may already be priced in. Hence, a phase of mean reversion would not be surprising,' Palve commented.'Thus, it is not advisable for investors to invest solely in any single sector, as it increases the concentration risk. Instead they are recommended to invest in broad based diversified equity funds such as market cap based funds and strategy-based funds which gives exposure across sectors,' he or sector schemes invest most of their corpus in a particular sector, and the performance of schemes is based on performance of the sector. That is why thematic or sector funds are recommended only to investors with thorough knowledge about the should invest in these schemes only if you have a long investment horizon or have intimate knowledge about the sector to time the entry and exit in these schemes. Remember, every sector or theme can go out of fashion depending on the economic conditions. You should not make hasty decisions in those phases.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
India Gazette
20 hours ago
- India Gazette
Uttarakhand: Stranded tourists will be brought back, says Eknath Shinde
ANI 02 Jul 2025, 09:34 GMT+10 Mumbai (Maharashtra) [India], July 2 (ANI): Maharashtra Deputy Chief Minister Eknath Shinde said that tourists from the state who were stranded in Uttarakhand due to adverse weather conditions were 'safe' and would be 'brought back soon'. He also said that the state government was in close coordination with Uttarakhand authorities to ensure their rescue. Speaking to the mediapersons a day earlier, Shinde said, 'Our Tourism Minister spoke to the Tourism Minister there. I too, spoke with them; spoke with the Special Secretary of CMO also. I also spoke with the tourists who are stranded there. They are safe right now. The Government and Administration are helping them. They will be brought back here safely. Our officers are also going there.' Shinde assured that all necessary support was being provided and that senior officials from Maharashtra were being sent to assist in the evacuation and ensure the well-being of the stranded people. As many as 8-9 workers staying at an under-construction hotel site went missing after the construction site was damaged due to a cloud burst in Silai Band on Barkot-Yamunotri Marg. Yamunotri Marg has also been affected, Uttarkashi District Magistrate Prashant Arya said on June 29 Landslides triggered by heavy rains have been recurring across Uttarkashi district, hampering road connectivity and posing challenges for both locals and tourists. The administration, along with disaster response agencies, has been actively engaged in clearing debris and ensuring essential connectivity is restored swiftly. (ANI)
