Businessman from Udupi among three killed in Mumbai serial mishap

July 20, 2016

Udupi, Jul 20: At least three people including a businessman from coastal Karnataka were killed and two others injured in a serial mishap occurred on the Eastern Freeway at Trombay in Mumbai on Tuesday.

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The deceased were identified as Abdul Hameed (45), son of Mahmoud Hasan from Shirva in Udupi, and two people from Maharashtra-Jaswant (40) and Vijay Kumar. Abdul Hameed was driving the Innova.

The incident, involving a white Maruti Swift Dzire, golden Toyota Innova and a black and yellow taxi, occurred around 8:50 am near the Wadala exit.

Eye witnesses claimed that the driver of the Innova lost control of the vehicle and rammed into the Taxi. Following which, it toppled on the road the Dzire crashed into the Innova.

Bystanders immediately came to the rescue of those who were injured and removed them from the debris. Traffic police was alerted about the incident around 9:15 am.

The accident led to massive traffic chaos and vehicles on Eastern Freeway diverted from RCF colony to Chembur. Entry from Deonar circle was closed for several hours.

Traffic police had to use cutters to remove the bodies and rescue the injured.

An official from RCF police station confirmed that the accident occurred after the Innova driver lost control of the vehicle at high speed. He was travelling towards Chembur, when he rammed his car into the Dzire and crossed over to the opposite side. The taxi was travelling in the first lane of the northbound road towards CST.

Two passengers from the Swift Dzire, who were injured during the accident, were rushed to Shatabdi hospital in Chembur.

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Inna llillahi wa inna elaihi rajiwoon

Inna lillahi wa inna ilahi raajiuoon

Verily, we come from ALLAH and to him shall we return. May the Almighty forgive the short coming of the deceased and grant him a place in the paradise. Ameen

Isn't the life too short? Have we prepared enough to leave? The question we need to ask ourselves.

inna lillahi wa inna ilaihi raajiwoon.. May Allah forgive their sins and give strength to their families to bear the pain of their loss.....

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LIC will be IPO of the decade, akin to Saudi Aramco listing: Experts

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February 2,2020

New Delhi, Feb 2: Budget 2020 announcement that insurance behemoth LIC will be listed was well received by market participants who said this will be "IPO of the decade" akin to the Saudi Aramco listing.

Finance Minister Nirmala Sitharaman on Saturday said Life Insurance Corporation (LIC) will be listed as part of the government disinvestment initiative.

A "highlight of the budget is the LIC IPO, which is akin to the Saudi Aramco listing for Indian capital markets, and will be IPO of the decade," Vijay Bhushan, President, Association of National Exchanges Members of India (ANMI) said.

According to Krishna Kumar Karwa, Managing Director, Emkay Global Financial Services, the LIC IPO will be a big positive for corporate governance and transparency and will open up one more avenue for fund raising for the government over the years.

Metropolitan Stock Exchange, Interim CEO, Balu Nair said: "The LIC listing will be eagerly awaited by investors and will provide huge fillip to capital raising through the primary market." The government proposes to sell a part of its holding in LIC through an initial public offer, Sitharaman said while presenting Budget 2020-21.

"The government will sell part of LIC through its listing in the stock market which is also a positive trigger for the market," Amit Gupta, CO-Founder and CEO, TradingBells.

Jaideep Hansraj, MD and CEO of Kotak Securities said listing of LIC would help bridge a gap in the Fiscal Deficit for FY21.

Currently, the government owns the entire 100 per cent stake in LIC.

Saudi Aramco shares were listed in December last year.

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KSRTC resumes bus service in Chikkamagaluru

coastaldigest.com news network

May 4,2020

Chikkamagaluru, May 4: KSRTC resumed its service from Chikkamagaluru district headquarters to taluk centres amidst the lockdown to contain COVID-19 on Monday. Chikkamagaluru is in the green zone.

Hundreds of passengers travelled to Sringeri, Mudigere, Koppa and Kadur taluks since morning from the Chikkamagaluru city.

According to KSRTC Divisional Controller, passengers who wish to travel to taluk centres have to register half an hour prior to the journey.

Sanitisers were placed in the bus stand in Chikkamagaluru to sanitise hands before boarding the buses.

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