Congress MLAs misusing minorities’ funds for poll purposes: Shobha Karandlaje

Mangaluru, May 2:  Karnataka Pradesh Congress Committee Spokesperson P V Mohan on Saturday urged the district administration to find the source of coronavirus in Dakshina Kannada (DK) district.

He asked the district administration to ascertain from where a woman from Bantwal's Kasba contracted virus on April 19.

''We do not want to convert Dakshina Kannada into Nanjangud,'' Mr Mohan said referring to the mysterious case of Patient 52 from Nanjangud who has been identified as the main source of virus to the rest of the positive individuals in Nanjangud.

Mangaluru, Mar 21: Taking strict measures to contain the spreading of COVID-19, Dakshina Kannada Deputy Commissioner Sindhu B Rupesh, who is also District Magistrate, ordered sealing of road connectivity leading to Kerala State for all kinds of traffic from March 21 to midnight of March 31.

No vehicles will be allowed to operate between Dakshina Kannada and Kasaragod district in Kerala, the Deputy Commissioner said in a late-night order on Friday.

Ms. Rupesh said that in case of any emergency, vehicles will be allowed only through the Talapady check post on the National Highway 66, which is about 17 km away from Mangaluru city.

The Deputy Commissioner’s order came after the Kasaragod district reported six COVID-19 positive cases on Friday.

The order said that many vehicles operated between Kasaragod in Kerala and Mangaluru and hence, there is a need to take precautionary measures.

Private buses to not ply

Private bus operators in Dakshina Kannada will not operate their buses on March 22 to support the ‘Janata Curfew’ called by Prime Minister Narendra Modi.

Dilraj Alva, president, Dakshina Kananda Bus Operators’ Association, said in a release on Friday that people should remain in their homes on Sunday to help contain the community spreading of COVID-19. The decision has been taken in the interest of the public, he said.

Bengaluru, Mar 30: Coffee Day Enterprises Ltd (CDEL) has received the first tranche of Rs 2,000 crore following disinvestment of Global Village Techparks to repay debts following the death of its founder V G Siddhartha.
In August last year, CDEL executed definitive agreements with entities belonging to Blackstone Group and Salarpuria Sattva Group for investment in GV Techparks, a wholly-owned subsidiary of group company Tanglin Development Ltd (TDL), at an enterprise value of Rs 2,700 crore.
The balance amount is expected to be received after the receipt of few statutory approvals, CDEL said in a statement.
"Out of the money received in first tranche, the company has paid off its debts in full including principal and interest amounting to Rs 1,644 crore to the lenders despite difficult economic conditions," it said.
Post this payment, the consolidated debt of the company and its subsidiaries stands at Rs 3,200 crore as on March 27. This includes debt of Rs 1,400 crore of its subsidiary Sical Logistics Ltd where disinvestment process is in progress.
"The company and subsidiaries have repaid around Rs 4,000 crore to the lenders since the beginning of this financial year," CDEL said.
"With the continuous support of stakeholders of the company, the current management is working to ensure better liquidity and operational efficiency. The company is confident of the future ahead despite various challenges," it added.
The company has been in rough waters after its founder V G Siddhartha took his own life as debt strains began to emerge in his company. Since his death in July last year, CDEL has been trying to divest its assets to pare debts.
On July 30, 2019, CDEL informed stock exchanges about Siddhartha's disappearance. In a letter that was purportedly written by him, the Cafe Coffee Day founder said: "I could not take any more pressure from one of the private equity partners forcing me to buy back shares."