Latest news with #DRI
Hindustan Times
4 hours ago
- Hindustan Times
Nigerian woman held with ₹5 crore drugs on Delhi-Mumbai bus
The Directorate of Revenue Intelligence (DRI) has recovered drugs valued at nearly ₹5 crore from a Nigerian woman travelling on a bus from Delhi to Mumbai, an official said on Friday. The intended receiver of the drugs – methamphetamine and ecstasy – was also apprehended in the follow-up action, he said. The banned substances were concealed in food packets (oats) and juice tetra packs, the official said. Acting on specific intelligence, DRI officials trailed a bus coming from Delhi for about 50 km near Mumbai before intercepting the woman in the early hours of Thursday. The team from the country's premier anti-smuggling unit recovered 2.56 kg of methamphetamine and 584 grams of ecstasy tablets, collectively valued at about ₹5 crore, he said. Methamphetamine and ecstasy are popular at rave parties for their stimulant effects. The Nigerian national has been arrested under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, the official said, adding a probe is underway.
NDTV
5 hours ago
- NDTV
Nigerian Woman Caught With Rs 5 Crore Drugs Hidden In Food Packs
New Delhi: In a significant operation, the Directorate of Revenue Intelligence (DRI) has arrested a Nigerian national and seized narcotic substances worth approximately Rs 5 crore from her possession while she was travelling by bus from Delhi to Mumbai. According to an official statement from the DRI, the operation was based on specific intelligence inputs indicating that a Nigerian female was suspected to be transporting narcotic substances. DRI Mumbai officers mounted late-night surveillance and tracked the suspect for nearly 50 kilometres before intercepting her, along with her baggage. "Acting on specific intelligence regarding a Nigerian female suspected to be carrying narcotic substances from Delhi to Mumbai by bus, officers of DRI Mumbai mounted surveillance late at night and trailed her for approximately 50 km. The suspect was then intercepted along with her baggage," the DRI said in a statement. Upon examination of her luggage, officials discovered a sophisticated concealment method. Several food items, including oat packets and juice tetra packs, were used to hide a total of 2.56 kilograms of crystalline methamphetamine and 584 grams of ecstasy (MDMA) tablets. The contraband was confirmed by using a Narcotic Drugs and Psychotropic Substances (NDPS) Field Test Kit, which tested positive for amphetamine-type stimulants. Following the woman's arrest, the DRI launched a follow-up operation and successfully apprehended the intended recipient of the consignment, adding another layer of success to the coordinated interdiction. "The contraband, valued at approximately Rs 5 crore in the international illicit market, has been seized. The Nigerian national has been arrested under relevant provisions of the NDPS Act, 1985. Further investigation is in progress," the DRI said. Authorities said the operation highlights the vigilance and proactive enforcement by DRI officers in disrupting transnational narcotics trafficking networks. Investigators are now probing the wider drug distribution network connected to the accused, with possible international links under scrutiny.
India Gazette
5 hours ago
- India Gazette
DRI seizes meth, ecstasy worth Rs 5 crore in Mumbai; Nigerian woman arrested
Mumbai (Maharashtra) [India], June 20 (ANI): Acting on specific intelligence, the Directorate of Revenue Intelligence (DRI), Mumbai, intercepted a Nigerian woman suspected of transporting narcotic substances from Delhi to Mumbai by bus. The operation, conducted late at night, involved a 50-kilometre surveillance trail before the woman was stopped and her baggage checked. 'Upon examination of her luggage, officers recovered food packets (oats) and juice tetra packs containing a crystalline substance and tablets. Laboratory testing using the NDPS Field Test Kit confirmed the substances to be 2.56 kilograms of methamphetamine and 584 grams of ecstasy tablets.' DRI said in a statement on Thursday. In a follow-up operation, the person who was to receive the consignment was also apprehended. The seized narcotics are valued at around Rs 5 crore in the international illegal drug market. The Nigerian national has been taken into custody under the relevant provisions of the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985. Further investigation is currently underway. In a separate incident on May 11 this year, DRI officials in Mumbai, acting on specific intelligence, intercepted a male passenger--a Chadian national--who had arrived from Addis Ababa. During a personal search, gold bars of foreign origin were found cleverly concealed within the heels of his slippers. The total weight of the seized gold was 4,015 grams, with an estimated value of Rs 3.86 crore. In his voluntary statement, the passenger admitted to smuggling the gold to evade customs duties. The gold was seized, and he was arrested under the provisions of the Customs Act of 1962. Further investigation was launched into the matter. Earlier in April, DRI officials also apprehended an Indian male passenger at the Indira Gandhi International Airport (IGI) in Delhi. He was found carrying two kilograms of gold bars, valued at approximately Rs 1.91 crore. The agency seized the smuggled gold, and legal proceedings were initiated under the Customs Act. (ANI)
Yahoo
11 hours ago
- Business
- Yahoo
Darden Restaurants Stock: Is DRI Outperforming the Consumer Discretionary Sector?
With a market cap of $26.3 billion, Darden Restaurants, Inc. (DRI) is the world's largest full-service restaurant operator, based in Orlando, Florida, with over 2,180 locations across the U.S., Canada, and select international markets. Its diverse brand portfolio includes casual dining favorites like Olive Garden, LongHorn Steakhouse, Cheddar's, Yard House, and Bahama Breeze, alongside upscale chains such as The Capital Grille, Eddie V's, Seasons 52, Ruth's Chris Steak House, and Chuy's. Companies valued at $10 billion or more are generally classified as 'large-cap' stocks, and Darden Restaurants fits this criterion perfectly. The company benefits from strong brand loyalty, consistent same-store sales growth in key segments like LongHorn, and disciplined operational execution that drives solid margins. Additionally, Darden maintains strong shareholder returns through regular dividends and share buybacks, reinforcing investor confidence. Is Palantir Stock Poised to Surge Amidst the Israel-Iran Conflict? 'It Has No Utility': Warren Buffett Doesn't Care How High Gold Goes, He Isn't a Buyer OpenAI CEO Sam Altman Says 'We Are Heading Towards a World Where AI Will Just Have Unbelievable Context on Your Life' Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. DRI shares are trading 1.9% below their 52-week high of $226.98, which they touched recently on June 17. DRI has increased 18.4% over the past three months, outpacing the broader Consumer Discretionary Select Sector SPDR Fund's (XLY) 8.8% rise during the same time frame. Over the longer term, Darden Restaurants has posted a strong performance, climbing 19.3% year-to-date while XLY has declined 6.2%. Over the past 52 weeks, its shares have advanced 46.6%, notably exceeding XLY's 16.4% gain during the same period, highlighting its relative strength within the consumer discretionary space. Indicating a bullish trend, DRI has been trading above its 50-day moving average since mid-April and over its 200-day moving averages since the end of August last year. On Mar. 20, shares of Darden Restaurants rose over 5% after delivering Q3 results. The company reported adjusted EPS of $2.80, just shy of the Street's estimate of $2.81, while revenue came in at $3.16 billion, slightly below the projected $3.21 billion. Looking ahead, Darden reaffirmed its full-year outlook, guiding for adjusted EPS between $9.45 and $9.52, with revenue expected to reach approximately $12.1 billion. Moreover, Darden Restaurants has outperformed its rival, Starbucks Corporation (SBUX), which has gained 15.1% over the past 52 weeks and 1.1% on a YTD basis. The stock has a consensus rating of 'Moderate Buy' from the 27 analysts covering the stock, and the mean price target of $223.85 implies a marginal premium from the prevailing market prices. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Time of India
16 hours ago
- Time of India
Nigerian woman held for ferrying 10cr drugs
Mumbai: The Directorate of Revenue Intelligence (DRI) on Wednesday arrested a Nigerian woman who was allegedly ferrying over 3kg of amphetamine, a substance covered under the Narcotic Drugs and Psychotropic Substances Act, from Delhi to Mumbai in a private bus. Based on specific intelligence, the DRI officials intercepted the woman, identified as Blessing Favour Oboh (23), when she got down at Kala Nagar in Bandra. The search of her baggage resulted in the recovery of 3,147 grams of a white crystalline substance purported to be amphetamine and 584 grams of ecstasy pills worth Rs 10 crore. tnn
