Wednesday, September 09
Uttar Pradesh will introduce QR code-based verification of property ownership, integrate land registry data with revenue department records for instant title updates, and simplify rent agreements with minimal stamp duty, Minister Ravindra Jaiswal has said.In an interview with PTI, MoS (Independent Charge) for Stamp and Court Fee, Registration, said the reforms are part of the state's ambitious Vision 2047 plan, with some of the initiatives expected to roll out by March 2026."Currently, it takes 35-40 days after registration for the buyer's name to reflect in revenue records. Soon, revenue officials will be posted at registration offices to verify records before a transaction is finalised. The buyer's name will be updated immediately after registration, giving them instant ownership rights,
A one-shareholder outburst at the annual general meeting of GKB Ophthalmics has caught the attention of ace investor Vijay Kedia, who warned that corporate boards should not underestimate minority investors.Kedia posted on X: “While I condemn the words, the essence is clear: shareholder money must be respected. Incompetent management with fat salaries and perks must not forget—times have changed. India’s 13 crore investors have their own way of expressing themselves. It’s high time… Ek chutki share ki keemat jaan lo, babu…”His remark referred to a viral video from the microcap ophthalmic equipment maker’s virtual AGM, where shareholder Abhishek Kalra — who holds just one share — launched a blistering attack on the company’s management.Kalra accused Managing Director K
Molbio Diagnostics, a point-of-care (POC) diagnostics company, has filed its draft red herring prospectus (DRHP) with markets regulator SEBI to raise funds through an IPO.According to the DRHP, the proposed IPO of the Goa-based company is a combination of a fresh equity sale of Rs 200 crore and an offer for sale (OFS) of up to 1.25 crore shares.As part of the OFS, the selling shareholders include Exxora Trading LLP, Dr. Chandrasekhar Bhaskaran Nair, Abdul Qadir Mohamed Theruvath, and a few others.The company proposes to utilize the net proceeds from the fresh issue toward funding capex for setting up infrastructure for an R&D facility, a center of excellence, connected office space, and for the purchase of plant, machinery, and other equipment for its Goa and Visakhapatnam units.Its
