Politicians hate her: DySP Anupama’s father who runs a canteen in Udupi

Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.

The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud. 

The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt

"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.

"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.

The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.

The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.

As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.

The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."

Udupi, Feb 23: Tanushree Pithrody, a 10-year-old girl from Udyavar and class 6 student of St Cecily’s School, here and a Guinness World Record holder, erased the old record by covering the 100 metres 'Chakrasana race' in one minute 14 seconds to write her name in the Golden Book of World Records.

This was announced by Manish Bishnoi, Head, Golden Book of World Records, who handed over the Certificate to Ms Tanushree, who was accompanied by her father Uday Kumar and mother Sandhya here on Saturday.

The previous record-holder in this category was Samiksha Dogra [11 years and 1 month] from Rampur Bhushar, Himachal Pradesh, who had set a time of 6 minutes and 2 seconds on June14,2018.

Later speaking to scribes here, Ms Tanushree said that she was delighted that she was able to break the record. “When I was practicing, I used to finish it in around 2 minutes. This is my fifth record. I dedicate my success to my parents and my Yoga guru,”she added.

Ms Tanushree has also created a record for the ‘most forward rolls with Dhanurasana Yoga pose in 1 minute’ by performing 62 rolls and she also created the ‘fastest 100 forward rolls with Dhanurasana Yoga pose’ in 1 minute and 40 seconds on February 23, 2019 and entered the Golden Book of World Records.

In 2018, she set the Guinness World Record for ‘most full-body revolutions maintaining a chest stand position’ with 42 full-body revolutions in one minute, and on 21 March, 2019 she broke that record with 44.

Bengaluru, Feb 18: Passengers of the Ahmedabad bound GoAir flight had a providential escape when the engine of the aircraft while on the roll of take-off hit by a foreign object at the Kempe Gowda Bengaluru International Airport on Tuesday.

'The right engine of GoAir flight G8 802 from Ahmedabad to Bengaluru is suspected to have suffered from foreign object damage (FOD) while on take-off roll,' an official statement said.