Karnataka businessman killed, wife critically injured in Dubai road mishap

News Network
January 25, 2018

Dubai, Jan 25: A prominent businessman from Karnataka’s Ballari died while his wife suffered critical injuries in a ghastly road mishap in Dubai.

The victim has been identified as Dinesh Kawad (40). His wife Neetu Jain (37) is fighting for her life in the ICU of Rashid Hospital, said Kesar Kothari, chairman of Rajasthan Business and Professional Group (RBPG) in Dubai.

The tragedy took place when the van they were travelling collided with a speeding truck near Al Aweer area on Emirates Road around 4.30pm.

There were many tourists on board the van driven by a Pakistani (23), who also died in the mishap. The victims of the accident were heading for a desert safari arranged for tourists, it emerged on Tuesday.

Initial investigation by Dubai Police showed the bus driver did not leave safe distance between the vehicles, leading to the crash.

“The couple, who had migrated to Karnataka from Rajasthan many years ago, came on a trip to Dubai leaving their two children back home,” said Kothari. He said a relative of Kawad called the RBPG officials seeking help for the couple.

“We visited the hospital and coordinated with the Indian Consulate to help them with the paper work,” he said.

The Indian Consulate in Dubai said it has completed all formalities for the repatriation of Kawad’s body. “We are trying to send his body home either at night or early morning,” said Kawad.

Quoting hospital sources, he said an Italian woman in the tourist group, who was believed to be three months pregnant, also succumbed to injuries. The Italian woman’s partner and a Chinese couple who were also in the van survived with minor injuries.

Comments

Mr Frank
 - 
Thursday, 25 Jan 2018

Very sad may almighty bless his family to bear the loss.death will appear even we are not killed someone,then how a man can escape his own death if he killed someone innocent.

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News Network
June 22,2020

Bengaluru, June 22: BJP leader and Madikeri MLA Appachu Ranjan has urged the Karnataka Chief Minister B S Yediyurappa and Home Minister Basavaraj Bommai to drop cases against the saffron activists who had involved in attacks against cattle traders and transporters across the state.

In a letter addressed to the CM and the Home Minister, the MLA expressed his concern against the illegal transportation and slaughtering of cattle. Cow is considered to be holy in Hinduism. Butchering of cattle has been hurting the religious sentiments of people, he stated.

Ranjan stated that cases had been registered against 'Gau Rakshaks' or cow vigilantes who had fought against the illegal transportation of cattle.

“Filing cases against the protectors of cattle is condemnable. If the cases are not dropped, then there will be none to question the illegal cattle transporters,” he said adding that cases registered against various police stations against cow vigilantes must be dropped.

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News Network
January 10,2020

Bengaluru, Jan 10: Education technology company Byju’s is learnt to have raised $200 million in a funding round from Tiger Global Management, which has valued the Bengaluru-based start-up at around $8 billion, making it the third-largest unicorn (start-up valued over $1 billion) in the country.

With this, the Byju Raveendran-founded company has seen over 50 per cent jump in its valuation in just around nine months. In March 2019, Byju’s was valued $5.4 billion, when it raised around $31 million from General Atlantic, and Chinese investment giant Tencent.

At the current valuation, Byju’s has now replaced home-grown cab-hailing major Ola as the third-largest unicorn, next only to Paytm and OYO, which are valued around $16 billion and $10 billion, respectively.

Byju’s confirmed the transaction through a press statement, though the company declined to share any specific details of the deal. Tiger Global could not be immediately reached for its comments.

“We are happy to partner with a strong investor like Tiger Global Management. They share our sense of purpose and this partnership will advance our long-term vision of creating an impact by changing the way students learn,” said Raveendran. “This partnership is both a validation of the impact created by us so far and a vote of confidence for our long-term vision.”

This is Tiger Global’s first investment in the edutech space in India after Vendantu, an online tutoring platform, where it, along with WestBridge Capital, led a $42-million round in August.

An early backer of India’s internet growth story, the New York-headquartered Tiger Global has been a prolific investor in the Indian start-up space. Its portfolio in the country ranges from consumer focused e-commerce companies that are vital for the growth of the sector, such as Flipkart, Delhivery, Grofers, Quikr and PolicyBazaar, to mention a few.

After tasting success with Flipkart, one of its earliest investments, where it had pumped in around $1 billion, the PE major is now doubling down its focus on the Indian start-up space, under its new investment head Scott Shleifer.

Shleifer, who set up international private equity practice for Tiger Global, is said to be as aggressive deal maker like his predecessor Lee Fixel, who left the investment firm in March. Since then, Tiger has also invested in a host of technology-focused companies in diverse sectors including Ninjacart, CRED, NoBroker and Facilio to mention a few.

“Byju’s has emerged as the leader in the Indian education-tech sector. They are pioneering technology shaping the future of learning for millions of school students in India,” Shleifer was quoted in the press statement issued by the edutech firm.

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News Network
July 25,2020

Gokak, Jul 25: A JMFC magistrate here issued summons to the Chief minister B S Yediyurappa in relation to a complaint for the alleged violation of election code of conduct, during by-elections to the Gokak Assembly seat held last year.

According to official sources, a complaint had been registered against Chief minister B S Yediyurappa during the election campaign, under the People Representative Act, for allegedly wooing voters during electioneering.

The Gokak Police, who had investigated the case, however had submitted a 'B' report to the court letting off the Chief minister from the charges.

However the Magistrate, rejecting the Police report, had maintained that there exists prima facie case against the accused and issued summons to appear before the court on September one, the sources added.

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