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The probe of recovery of over 500 <keyword id="9323420" type="UNKNOWN" weightage="20" keywordseo="oxygen-concentrators">oxygen concentrators</keyword> from famous Delhi restaurants has been handed over to the crime branch. This development comes a day after the Delhi Police arrested another person identified as Gourav Khanna, CEO of <keyword id="603619" type="ORGANIZATION" weightage="20" keywordseo="Matrix-Cellular-Services">Matrix Cellular Services</keyword> Ltd in connection with its probe into the seizure of over 500 oxygen concentrators in the last two days from popular restaurants in the national capital. Deputy Commissioner of Police (DCP) South Delhi Atul Kumar Thakur said that Khanna, a resident of Haryana's Gurugram was arrested on Friday night. He said that on Friday, police carried out searches at two popular restaurants in South Delhi's upscale <keyword id="6413695" type="PERSON" weightage="20" keywordseo="khan-market">Khan Market</keyword> and recovered 105 concentrators, which are used for treatment of Covid patients. "During searches at <keyword id="134406" type="PERSON" weightage="20" keywordseo="Khan-chacha">Khan Chacha</keyword> restaurant in Khan Market, 96 oxygen concentrators were recovered, while nine concentrators were recovered from Town Hall restaurant," Thakur said. Khan Chacha restaurant is known for its melt-in-the mouth kebabs, while Town Hall restaurant specialises in pan Asian cuisine. The official said that these concentrators were being sold in the black market. Both outlets are linked to <keyword id="6388" type="PERSON" weightage="20" keywordseo="Navneet-Kalra">Navneet Kalra</keyword>, the alleged black marketer of oxygen concentrators in Delhi, the official said. On Thursday, the police recovered 19 oxygen concentrators after conducting a search at Nega Ju Restaurant and Bar in Central Market of Lodhi Colony. The police arrested four men including the manager of the restaurant. Thakur said that Friday's searches were based on the inputs shared by arrested accused Hitesh during questioning. He said that the efforts are on to arrest more people associated with the racket. Thakur further added that the staff involved in good work is being suitably rewarded. The official said that it has also recovered WhatsApp messages of the accused for selling the oxygen concentrators at higher prices. The police is also in touch with the custom department officials to track the import of concentrators from China. According to police sources, the oxygen concentrators were being imported for Rs 16,000 to Rs 20,000 and were being sold for Rs 70,000.

Crime branch to probe recovery of O2 concentrators from Delhi eateries, including Khan Market's famous Khan Chacha and Town Hall

Hacker Keren Elazari rates 12 hacking scenes in movies and tv for realism

Almost 30 companies have queued up for <a href="http://www.businessinsider.in/Goldman-Sachs-is-crushing-tech-IPOs/articleshow/48209832.cms">Initial Public Offering(IPO</a>) to expand their business, meet working capital requirements and repay loans. At least 19 of them have already got green light from market regulator <a href="http://www.businessinsider.in/IndiGos-Rs-2500-crore-IPO-comes-under-the-scanner-of-SEBI/articleshow/48331761.cms">SEBI</a> to launch IPOs, while draft IPO papers of eight firms are "under process" and may be cleared soon. 
 
Also, companies like GVK Group's airport business arm, GVK Airport Developers and staffing and training company TeamLease Services are expected to file their respective draft papers with Sebi soon. 
 
GVK Airport Developers is estimated to raise Rs 3,000 crore via IPO while TeamLease Services plans to mop up Rs 500 crore through its public offer. 
 
Maharashtra-based Navkar Corp will hit the capital market next week to raise Rs 600 crore through its initial share sale plan and infrastructure firm Dilip Buildcon is also expected to launch its Rs 650-crore IPO this month. 
 
At a time when the regulator <a href="http://www.businessinsider.in/Achhe-din-for-companies-with-initial-public-offering-has-just-begun/articleshow/48372939.cms">SEBI</a> has announced a slew of fresh reforms on the IPO front, including halving the listing period to six days and making the application process for investors entirely cheque-free, this comes as an instant consequence. 
 
A majority of the companies that have approached Sebi are mid-sized and are looking to raise between Rs 200 crore to Rs 3,000 crore. 
 
As per a PTI news report, as many as 24 companies have filed their draft papers to float IPOs, since the beginning of 2015. In the same period, the regulator has given approval to 25 firms to launch their initial share sale plans, some of which were pending from the previous year. 
 
So far in 2015, 10 companies have mobilised about Rs 4,700 crore through IPOs, higher than funds raised in the preceding two years. 
 
In comparison, a total of six IPOs had hit the market in 2014 and together garnered just Rs 1,261 crore while in 2013, three companies raked in Rs 1,284 crore through initial share sale plans. 
 
Among forthcoming IPOs, InterGlobe Aviation, which runs budget carrier IndiGo, is eyeing Rs 2,500 crore, Coffee Day Enterprises plans to raise Rs 1,150 crore and RBL Bank -- formerly known as Ratnakar Bank -- looks to mop up at least Rs 1,100 crore. 
 
Others in the queue include Matrix Cellular, Catholic Syrian Bank, Alkem Laboratories, S H Kelkar &amp; Company, Amar Ujala Publications, Infibeam Incorporation, AGS Transact Technologies, Numero Uno Clothing and Paranjape Schemes (Construction).

You Searched For "Matrix Cellular Services" and got 3 results

Crime branch to probe recovery of O2 concentrators from Delhi eateries, including Khan Market's famous Khan Chacha and Town Hall

IANS

Hacker Keren Elazari rates 12 hacking scenes in movies and tv for realism

Ju Shardlow,David Ibekwe,Sidd…

India’s IPO space gets crowded as SEBI brings fresh reforms

BI India Bureau

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You Searched For "Matrix Cellular Services" and got 3 results

Crime branch to probe recovery of O2 concentrators from Delhi eateries, including Khan Market's famous Khan Chacha and Town Hall

IANS

Hacker Keren Elazari rates 12 hacking scenes in movies and tv for realism

Ju Shardlow,David Ibekwe,Sidd…

​India’s IPO space gets crowded as SEBI brings fresh reforms

BI India Bureau

Popular Keywords

Buying Guides

India’s IPO space gets crowded as SEBI brings fresh reforms