Citizens' Issues
Depressed techie injures 24 in stabbing spree, shot dead
A techie, who was depressed after failing to clear the civil services exams, went on a stabbing spree on Tuesday injuring 24 people, before police shot him down.
 
The incident took place in Karimnagar town of Telangana.
 
According to police, 25-year-old Balvinder Singh attacked his parents with a sword following an argument at home.
 
Singh, who works for a software firm in Bengaluru, then stepped out to attack passers-by, leading to panic among people. Some pedestrians, two bikers and an auto-rickshaw driver were injured.
 
Police, who swung into action after learning about the incident, also came under attack. A constable who tried to snatch the sword from the man sustained injuries.
 
As the situation slipped out of control, circle inspector Vijay Sarathi opened fire to disarm the man. A critically injured Singh was taken to a hospital, where he died.
 
Singh's parents and others who received grievous injuries were under treatment.
 
According to family members, Singh was a meritorious student since school. He stood sixth in the engineering, agriculture and medical common entrance test (EAMCET) in the district.
 
After engineering in electronics, he got a job in Bengaluru and was earning Rs.18 lakh a year.
 
Singh had a dream of passing the civil services exam. However, he failed to qualify and as a result went into depression.
 
The man apparently lost his mental balance and was having frequent fights with his parents.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Suresh

1 year ago

Why couldn't the police officer shoot him below the waist? Was it necessary to kill him? Shouldn't the officer be held accountable for taking a human life unnecessarily? Its time some drastic changes are implemented in recruiting and training of policemen!

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RCOM, Aircel in merger talks for wireless business
Industrialist Anil Ambani-led Reliance Communications (RCOM) on Tuesday said it has initiated talks with the promoters of Aircel to combine the wireless business of the two companies, with synergies in investments and returns.
 
A pact for 90-day exclusive talks has been initiated with Aircel's majority owner, Malaysia's Maxis Communications, and Sindya Securities and Investments for the potential merger, RCOM said in a statement.
 
"The potential combination will exclude RCOM's towers and optical fibre infrastructure, for which RCOM is proceeding with an asset sale," said the statement.
 
"The discussion are non-binding in nature. Any transaction will be subject to due diligence, definitive documentation and regulatory, shareholders' and other third party approvals. Hence, there is no certainty that any transaction will result."
 
Last month, RCOM entered a major pact to acquire the Indian business of Russia's Sistema, which operates under the 'MTS' brand, in a unique stock-cum-spectrum-fee payment deal.
 
According to sources, if the deal happens, RCom-Aircel-MTS wireless combo will have over 150 million customers in India and it will hold hold close to 20 percent of the total spectrum - highest in country -- in virtually every band currently available to private players.
RCom Aircel MTS wireless combo to benefit from substantial capex and opex synergies
 
"As per the deal being negotiated, RCOM shareholders will receive free listed shares in the combined wireless entity. This apart, the debt of Rs.10,000 crore will be transferred to the separate listed combined entity," a source said.
 
"This will include the deal with MTS. Also, the monetisation of the tower and fiber assets will continue. Once these deals go through, RCOM will become debt-free."
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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