M A Gafoor is new chief of Karnataka Minorities Development Corporation

[email protected] (CD Network)
November 3, 2016

Udupi, Nov 3: M A Gafoor, a senior Congress leader from Udupi, has been appointed as the new chairman of Karnataka State Minorities Development Corporation.

Gafoor“It will be my endeavour to ensure that benefit of various government schemes for minorities reaches the last person among them,” said Mr Gafoor while thanking Chief Minister Siddaramiah and other party leaders for trusting him and giving him the new responsibility.

However, the secretary of Karnataka Pradesh Congress Committee, said that he wanted to serve all sections of society and not only minorities.

Mr Gafoor has served in the Udupi District Congress Committee for over three decades. He was president of the Udupi Congress for 12 years and member of Zilla Panchayat for three terms. Currently, he is also the in-charge of the party affairs in Shivamogga district.

Comments

sayeed Ahmed
 - 
Monday, 13 Aug 2018

please insert SHESHADRIPURAM COLLEGE TUMAKURU, TUMAKURU UNIVERSITY in your web page to get the benifit of the said scheme by the minority students

sayeed Ahmed
 - 
Monday, 13 Aug 2018

please insert SHESHADRIPURAM COLLEGE NAME in your ARIVU LOAN  loan web page

Chand pasha
 - 
Thursday, 8 Dec 2016

Dear sir,

Firstly Congratulations... Sir if possible Kindly visit at Kalaburgi KMDC branch and see how they disrespect poor students.. i also experienced . I feel deeply ashamed why am i poor why did i came here Look's like they're paying from their pocket.
Requesting you to take some action against them.

Muneer khan
 - 
Thursday, 3 Nov 2016

Congratulations Gafoor Bhai

Muneer khan
Muslim industries Associtation
Bangalore

S.YOUSUF ARLAPADAVU
 - 
Thursday, 3 Nov 2016

Congratulation Mr.Gafoor bhai best of Luck

Hamza
 - 
Thursday, 3 Nov 2016

He is one of the leader since decade who is working for congress. Down to earth person and deserve the position. I wish him best for his new assignments.

Abdu Razzaq Uchila
 - 
Thursday, 3 Nov 2016

Mabrook... Wish you all the best

M.H. Muduthota
 - 
Thursday, 3 Nov 2016

Al Hamdulillah, Finally your efforts came true, Wish you all the best

MUBEEN UDYAVARA
 - 
Thursday, 3 Nov 2016

MUBARAK HO
GOOD NEWS
BEST OF LUCK
GAFOOR BAHI

Ikram
 - 
Thursday, 3 Nov 2016

Congratulation brother.

Jaleel
 - 
Thursday, 3 Nov 2016

Gafoor sab nice to see u again here.

Saleem Pasha
 - 
Thursday, 3 Nov 2016

wow good news, looking forward for the better development in MDC, all the best.

Farooq
 - 
Thursday, 3 Nov 2016

very prominent leader, those who have chosen this guy for this post are very lucky to get service from him.

Rahul
 - 
Thursday, 3 Nov 2016

wow gafoor bhai all the best.

ibrahim muloor
 - 
Thursday, 3 Nov 2016

Congratulation Mr.Gafoor. Wish you all the best.

ibbu Saheb
 - 
Thursday, 3 Nov 2016

CONGRATS GAFOOR BHAI...............

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News Network
January 12,2020

 Bengaluru, Jan 12: Two pilgrims from Bengaluru, who were siblings, drowned in sea off Auro Beach in Puducherry today.

The deceased have been identified as V Gauthman, 22, and his brother Vivek, 20.

Gauthman and Vivek were among a group of around 150 devotees from Bengaluru to the Adhiparasakhi temple at Melmaruvathur in Kancheepuram district of Tamil Nadu. They started their journey from Bengaluru in three buses on Friday.

After offering special puja at Adhiparasakthi temple and worshipping at a few other temples, they reached Auro Beach on Sunday afternoon. 

While they were having lunch on the beach, Gauthman entered the sea. He was caught in a huge wave.

Vivek, who tried to rescue his brother, too was caught in the wave.

Other pilgrims and fishermen began to search for them in fishing boats.

After an hour, their bodies were washed ashore, around two km from the spot.

The Auroville police retrieved the bodies and sent them for postmortem.

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News Network
February 19,2020

Feb 19: Bavaguthu Raghuram Shetty was once a typical billionaire with a taste for the high-life.

He splurged on a private jet, vintage cars and two entire floors of the Burj Khalifa, the world’s tallest skyscraper. His website shows him hobnobbing with politicians, Bill Gates and Bollywood royalty.

“The thrill of speed and freedom makes me love cars,” Shetty, 77, told local reporters last year.

Shetty had more than enough money -- at least on paper -- to afford such a lifestyle from companies he helped found, including hospital operator NMC Health Plc and financial services firm Finablr Plc. On Dec. 10, his stakes in the public companies were valued at $2.4 billion, making up the bulk of a fortune spanning education, hospitality and one of the world’s oldest tea companies.

Then, a week later, Carson Block came along.

Block’s investment firm, Muddy Waters, issued a report criticizing NMC’s accounts and disclosing a short position. Since then, Muddy Waters’s scrutiny has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements and casts doubts about his net worth. His holdings in Finablr and NMC are worth $885 million, but Shetty’s fortune may now be just a fraction of that, depending on the size of his borrowings.

Filings this month show that Shetty pledged a quarter of his NMC stake against loans with First Abu Dhabi Bank and Zurich-based Falcon Private Bank. Two other shareholders may own half of his reported stake. Another lender -- Al Salam Bank Bahrain -- has already sold some of those shares to enforce security over a loan for Shetty, and NMC said Tuesday that First Abu Dhabi Bank sold another chunk earlier this month.

The situation “seems to have gone beyond some of the issues that Muddy Waters focused on initially,“ said Gavin Launder, a fund manager at Legal & General Investment Management, who owned shares in NMC until October. “The increased scrutiny has unearthed other issues.”

Law firm Herbert Smith Freehills has launched a review of Shetty’s holdings at his request, a spokesperson for the Indian-born businessman said, declining to comment further until the analysis is completed. Shetty resigned Sunday as NMC’s chairman.

In its Dec. 17 report on NMC, Muddy Waters hinted at potential overpayment for assets, inflated cash balances and understated debt. Shares of the United Arab Emirates’ biggest private health-care provider have since plunged 67%, and the firm is now the focus of takeover speculation. The sell-off also spread to Finablr, whose stock has tumbled 64% in that span.

NMC has disputed Muddy Waters’s claims, and the company hired former FBI Director Louis Freeh to conduct an independent review of the short seller’s allegations. Meanwhile, local regulators “are making inquiries with the relevant parties,” a spokesperson for the U.K.’s Financial Conduct Authority said.

Shetty is hardly the only ultra-wealthy person to leverage his assets. Elon Musk has used his shares in Tesla Inc. to obtain personal loans, while Oracle Corp. Chairman Larry Ellison has put up millions of the company’s shares to fund a lavish lifestyle that includes trophy properties, America’s Cup teams and the Indian Wells tennis facility in California.

But such deals can also sour, as demonstrated by Shetty’s lenders selling shares his investment firm pledged. He and his advisers are investigating details of the sales as part of their legal review, according to filings.

To complicate matters, Shetty pledged another batch of NMC stock in 2018 as part of a so-called equity collar arrangement with Goldman Sachs Group Inc. that uses options to limit the impact from share moves. Last month, he also pledged most of his stake in Finablr to refinance a loan from the company’s takeover of foreign-exchange firm Travelex for about $1.2 billion.

BRS Ventures Investment, the UAE-based holding company for most of Shetty’s assets, doesn’t report consolidated financials, preventing a complete analysis of his net worth. His other assets include a catering company, a waste-management firm and pharmaceutical business Neopharma, which four months ago was in the early stages of planning for an initial public offering.

Block, 43, earned his reputation as a short seller a decade ago through targeting U.S.-listed Chinese companies that he claimed were frauds. More recently, his San Francisco-based firm focused on British litigation-finance firm Burford Capital Ltd. and Japanese biotech stock PeptiDream Inc. Short sellers seek to benefit from a decline in a company’s share price.

Shetty founded NMC in 1975 after moving to Abu Dhabi from his native India. He created Finablr two years ago to consolidate his financial brands before listing it on the London Stock Exchange in 2019.

Block said he didn’t anticipate NMC’s shareholding drama.

“I wouldn’t have been able to predict that we’d get these bizarre disclosures about unclear share ownership coming out of the company,” he said in a Feb. 13 phone interview. “This has been obviously a more dramatic unraveling than we usually see.”

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News Network
January 3,2020

Bengaluru, Jan 3: Prime Minister Narendra Modi on Friday called on young scientists of India to "Innovate, Patent, Produce and Prosper," and said these four steps would lead our country towards faster development. The Prime Minister also stressed on the need to transform the landscape of Indian science, technology and innovation.

"The growth story of India depends on its success in the science and technology sector. There is a need to transform the landscape of Indian science, technology and innovation," Modi said.

Speaking after inaugurating the 107th Session of Indian Science Congress, he said, "My motto for the young scientists in this country is -Innovate, Patent, Produce and Prosper. These four steps will lead our country towards faster development."

"If we innovate we will patent and that in turn will make our production smoother and when we take these products to the people of our country, I'm sure they will prosper," he said, adding that innovation for the people and by the people is the direction of our new India. The Prime Minister also said he was happy to learn that India's ranking has improved in the Global Innovation Index to 52.

"Our programmes have created more technology business incubators in the last five years than in the previous 50 years. I congratulate our scientists for this achievement," he added.

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