A significant case of fraud involving millions of rupees has emerged in Etawah District, India, leading to the arrest of four individuals linked to international cyber crime. The suspects were allegedly involved in scamming people through online gaming platforms and are reported to have connections with cyber criminals operating in countries such as China, Indonesia, and Hong Kong. The investigation was initiated after the National Cyber Crime Bureau received a total of 32 complaints, highlighting the scale of the fraudulent activities.

The arrested individuals have been identified as Yash Pratap Singh (25) from Sahatwar, Ballia district; Yash Arya (25) from Hari Bihar Colony, Kotwali, Jhansi district; Himanshu Sharma (23) from Madain, Badpura; and Himanshu Chaudhary (24) from Jagdishpur, Ahmadgarh, Bulandshahr district. According to the police, evidence gathered from their mobile phones revealed communications with foreign fraudsters, discussing transactions potentially worth 100 crore rupees.

During questioning, the suspects claimed they were residing in Dehradun, Uttarakhand, preparing for the NDA exams but were lured into cyber crime by the prospect of quick financial gains. The investigation led to the discovery of an Indonesian SIM card among the suspects, further indicating their international connections.

Police Chief Brajesh Kumar reported that the complaints received spanned multiple Indian states, including Andhra Pradesh, Delhi, Haryana, Kerala, Assam, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Uttar Pradesh. The arrests were executed after a tip-off about the suspects’ location on Khwaja Road late Saturday night.

Upon their arrest, authorities recovered a substantial amount of evidence, including six mobile phones, a pen drive, three passbooks, seven cheque books, two Aadhaar cards, a Metrocard, three PAN cards, 13 ATM cards, a driving licence, three QR codes, a motorcycle, and a car. Additionally, about Rs 80 lakh was found in a Bandhan Bank account linked to the criminal activities.

In recognition of the efforts of the police team involved in the arrests, SSP Brajesh Kumar announced a reward of Rs 15,000. The swift action taken by law enforcement underscores the ongoing challenges posed by cyber crime in India and the need for continued vigilance in the digital space.

As investigations continue, authorities are working to trace additional connections and recover losses incurred by victims of these fraudulent schemes.

Shares of **Heritage Foods Limited** experienced a significant surge, rising over 7% to ₹493.25, resulting in a remarkable one-day gain of approximately **₹79 crore** for **Nara Bhuvaneshwari**, the wife of Andhra Pradesh Chief Minister **Chandrababu Naidu**. This financial windfall occurred following the company’s announcement of its net profit for the April to June quarter, which was reported at **₹40.5 crore**. This figure represents a **30.7% decline** compared to the **₹58.4 crore** recorded in the same period the previous year.

Details of the Financial Boost

Nara Bhuvaneshwari holds a substantial stake in Heritage Foods, owning **2.26 crore shares**, which equates to **24.37%** of the company. This ownership has proven lucrative, particularly given the recent stock performance. After the profit announcement, the stock saw a decline of **3.17%** on the **National Stock Exchange (NSE)**, settling at **₹463.65** after reaching an intra-day low of **₹455.85**.

The recent gains come at a time when the board of Heritage Foods has also approved the acquisition of an additional **44.4% stake** in **Heritage Nutrivet (HNFPL)**. Once completed, this transaction will increase the company’s total stake in HNFPL to **94.4%**, granting it greater control over the yogurt supply chain.

Market Reactions and Future Outlook

Despite the decline following the earnings release, **Brahmani Nara**, Executive Director of Heritage Foods, commented on the company’s outlook. She noted that unseasonal rains in April and May had temporarily impacted demand for value-added products, which in turn affected profitability. Yet, she expressed optimism, stating that June saw a robust recovery in sales, and the company remains confident about its long-term growth trajectory.

Nara Bhuvaneshwari is not only a prominent business figure but also the daughter of **NT Rama Rao**, a celebrated figure in Telugu cinema and the founder of the **Telugu Desam Party (TDP)**. Her family’s involvement in Heritage Foods reflects a blend of political influence and business acumen, highlighting the interconnectedness of industry and governance in the region.

As Heritage Foods continues to navigate the challenges of the market, stakeholders will be keenly observing how these strategic moves impact both the company’s performance and the financial standing of its key figures.

Dilip Piramal has announced the sale of his luggage company, VIP Industries, to brothers Mithun and Siddharth Sacheti. The deal, which involves a 32% stake in the company, marks a significant shift in the ownership of one of India’s leading luggage brands. The announcement comes as Piramal shares that the younger generation in his family has no interest in continuing the business.

Established in 1968, VIP Industries is known for its wide range of luggage, backpacks, and handbags. Over the past 57 years, it has become a dominant force in the organized luggage market in India. Dilip Piramal, the chairman and a seasoned industrialist with over 50 years in the luggage industry, confirmed that the decision to sell was influenced by the lack of interest from his daughters, Radhika and Aparna, in taking over the family business.

New Ownership Structure

The buyers, Mithun and Siddharth Sacheti, are well-known figures in the business community. Mithun Sacheti is recognized for founding the popular jewellery brand CaratLane, which he later sold to Titan, a company within the Tata Group. Following the acquisition in 2021, he has taken on the role of Independent Director at Metro Brands, while Siddharth manages the family business, Jaipur Gems.

Both brothers are also investors in several other enterprises, including Nazara Technologies. Their involvement in VIP Industries signifies a new direction for the brand as it seeks to navigate recent underperformance, particularly in the last five years.

In a statement to NDTV Profit, Dilip Piramal elaborated on his decision, saying, “We are a family-owned business, and the next generation is not very keen on running it.” This candid admission highlights a growing trend among family-owned companies where succession challenges often lead to significant ownership changes.

Future Prospects for VIP Industries

The sale reflects not just personal decisions within the Piramal family but also broader market dynamics. With the luggage industry evolving due to changing consumer preferences and increased competition, a fresh leadership team may help revitalise VIP Industries. The Sacheti brothers, with their entrepreneurial backgrounds, are positioned to leverage their expertise to adapt to contemporary market demands.

The transition comes at a time when the luggage market is experiencing shifts due to changing travel habits and increased focus on sustainability. It remains to be seen how the new owners will steer VIP Industries in this competitive landscape.

As the company embarks on this new chapter, stakeholders and consumers alike await the strategic changes that the Sacheti brothers may implement. The acquisition not only signals a new era for VIP Industries but also reflects the ongoing evolution of family businesses in India.

A legal notice has raised significant concerns regarding the risk of bird strikes at the Sardar Vallabhbhai Patel International Airport (SVPI) in Ahmedabad. Issued by a local environmental group, the notice calls for immediate action to address the growing danger posed by bird activity in the vicinity of the airport. This alert comes in light of recent incidents and studies highlighting the increasing threat of bird strikes to aviation safety.

The Airports Authority of India (AAI) and the Civil Aviation Ministry are now under pressure to implement effective measures to mitigate this risk. Bird strikes can lead to severe consequences, including aircraft damage and potential loss of life. The notice emphasizes the importance of conducting a detailed Bird Strike Risk Assessment to identify and address the underlying causes contributing to the problem.

Concerns Over Safety and Compliance

The environmental group, which has not been named publicly, cited several instances where flights were reportedly jeopardized due to bird strikes in the past year. The notice specifically mentions the need for the airport to comply with established safety protocols and to enhance wildlife management strategies.

According to recent studies, the frequency of bird strikes has risen significantly, with the probability of such events occurring in the vicinity of major airports increasing due to urban development and habitat encroachment. This trend poses a challenge for airport authorities, who must balance operational efficiency with safety.

Experts recommend that the airport enhance monitoring systems to track local bird populations and implement habitat management practices. Such practices could include habitat modification, bird deterrent systems, and community education on wildlife interactions near the airport.

Next Steps for Airport Authorities

In response to the legal notice, the AAI stated it is committed to ensuring the safety of its operations. The authority plans to evaluate current wildlife management practices and explore new technologies that could help reduce the likelihood of bird strikes.

As of now, a timeline for implementing these measures has not been specified. The Civil Aviation Ministry has acknowledged the importance of the issue and is expected to provide further guidance and support to local airport authorities.

With air travel continuing to rebound post-pandemic, addressing the risks associated with bird strikes is more crucial than ever. Stakeholders in aviation safety will be closely monitoring the developments at SVPI Airport and the actions taken by the AAI and the Civil Aviation Ministry in response to this pressing concern.