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Updated Feb 25, 2021 | 18:22 IST
The two accused looted Rs 18 lakh electronic goods after making a cavity in the wall of the warehouse in Sakinaka area of Mumbai One accused is still at large. Police said they are searching for one more accused. | Photo Credit: iStock Images
Key Highlights
Police said the robbers entered the wall warehouse after making a cavity in the wall
Mumbai: Three hours after two men looted electronic goods worth Rs 18 lakh from Andheri East area, the city police have arrested the police in a record time.
The robbery had taken place at a warehouse in Sakinaka area of Maharashtra capital Mumbai. The accused have been identified as 19-year-old Imran Sheikh and 24-year Akshay Sharma.
16 February 2021 | 09:44am
StockMarketWire.com - Mercantile Ports & Logistics said it had signed two new contracts for the use of its its port and logistics facility in Navi Mumbai, Maharashtra, India.
Company subsidiary Karanja Terminal & Logistics Private had entered into a contract with trading and stevedoring company Rudra Marine Services, which handles coal and other bulk cargoes for various end customers.
The contract was for an initial period of five years and Mercantile Ports & Logistic was expected to handle about 2-3 million tonnes over the next 36 months
The company also said it had signed a contract with a major cement manufacturer, which would start using the facilities by the end of this month.
By Alois Vinga
LISTED food and dairy products processor, Dairibord Zimbabwe Limited (DZL) has urged shareholders to exercise caution ahead of plans to enter into a transaction, which will likely to result in merger with an unlisted Kwekwe-based entity, Dendairy.
The DZL has made prior cautionary announcements dated on 1 July 2020 and subsequent updates on 22 July 2020, 13 August 2020, 4 September 2020, 25 September 2020, 16 October 2020, 6 November 2020 and 27 November 2020.
In an update this week, DZL company secretary, Samson Punzisani said the pending transaction is likely to have effect on the company’s share.
“Shareholders are advised that Dairibord Holdings Limited is still in discussion with an unlisted entity for a merger and acquisition transaction. If successfully concluded, this transaction will have a material effect on the price of the company’s shares, the full impact of which is still being determined,” he said.