WebinarsNew
Deep DiveNew
Explore Business Standard
Two men, including an inter-state accused, were arrested for allegedly printing and circulating fake Rs 500 currency notes, police said on Tuesday. The accused have been identified as Arvind (47), a native of Mysuru, and Venkata Subramanian (around 60), a resident of Chennai, they said. Police claimed to have seized 338 counterfeit Rs 500 currency notes, a photocopy machine, a laptop, a car, mobile phones and other incriminating materials, with the total value of the seizure estimated at Rs 3.29 lakh, police said. On July 3, the Kumbalagodu Police received a tip-off that a tenant residing in a BDA apartment within the police station limits was circulating counterfeit currency notes, police said. According to police, acting on specific intelligence provided by the informant, they detained a suspect near Kenchanapura Cross. During interrogation, the accused allegedly confessed to printing counterfeit currency notes and selling them to an associate based in Chennai. On July 4, the ..
Realty firm Embassy Developments will invest Rs 1,500 crore to construct a 3 million sq ft office complex in Bengaluru as part of its strategy to generate rental income from commercial assets. The company is mainly into housing segment with presence across Bengaluru, Mumbai Metropolitan Region (MMR) and Delhi-NCR. In an interview with PTI, Embassy Developments Managing Director Aditya Virwani mentioned that the company's focus would largely remain on the growing residential business. However, he said the company would build office assets for rental income. Virwani said the company will develop a large 35-acre office complex in Bengaluru comprising 6 million sq ft area. "We will develop this project is two phases. The construction of first phase covering 3 million sq ft has started," he said. Asked about investments for the first phase, Virwani said it would be around Rs 1,500 crore, excluding land cost. Virwani said the office spaces would be leased to corporates. Bullish on In
A Uganda national with recent travel history from the East African nation has tested negative for Ebola after she was placed under isolation in Bengaluru as a precautionary measure when she reported mild symptoms of body ache, official sources said on Wednesday. The 28-year-old woman was placed under isolation at the state-run Epidemic Diseases Hospital in Bengaluru for observation and further evaluation, the sources said. A sample was collected and sent to the National Institute of Virology in Pune for testing, and the result has returned negative for Ebola virus disease (EVD), they said. "The individual is otherwise in a healthy condition now," a source said. The Ministry of Health and Family Welfare is closely monitoring the evolving Ebola situation following recent EVD outbreaks reported in parts of Africa, the sources said. In coordination with the concerned state authorities, the ministry is maintaining close surveillance and all necessary public health protocols are being .