Tension grips Chikkamagaluru ahead of Datta Jayanti

coastaldigest.com web desk
December 13, 2018

Chikkamagaluru, Dec 13: A tense atmosphere has prevailed in Chikkamagaluru city and other parts of the district amidst massive preparations for the three-day Datta Jayanti, scheduled from December 20.

Meanwhile, administration has tightened security around the disputed site at Sri Guru Dattatreya Bababudan Swamy Dargah to prevent untoward incidents. Last year, during the event some devotees had attempted to damage tombstones adjacent the disputed area.

This time the height of the fence around the area has been increased and a decision taken to post additional police force.

“The chain-link fence is almost 8.5ft. We are prepared to avoid such incidents. Last year also, nothing was damaged in the disputed site,” Harish Pandey, Superintendent of Police, said.

Deputy Commissioner M.K. Sreerangaiah has issued orders banning the entry of tourists to the Bababudangiri during the event.

Devotees have been asked to travel to the cave shrine only in minivans or buses. The entry of vehicles with long chassis has been prohibited to avoid traffic congestion on the narrow roads.

Prior to Datta Jayanti, the VHP had planned a rath yatra in the district from Wednesday. However, the district administration refused to grant permission citing a shortage of police staff as many have been deputed to Belagavi for the State Legislature session.

Mr. Pandey said the organisers had agreed to take out the yatra after December 17. “They have plans to take out a bike rally on December 19. They have been doing it every year,” he said.

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ahmed
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Thursday, 13 Dec 2018

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News Network
March 19,2020

Kodagu, Mar 19: One more person has tested positive for coronavirus in Kodagu on Thursday, taking the tally of confirmed cases in the state to 15.

The man has a travel history to Saudi Arabia.

"One person has tested positive for #COVID19 in Kodagu today; he has travel history to Saudi Arabia. He is being treated in an isolation hospital. Total number of positive cases reaches 15 in the state," said B Sriramulu, Karnataka Health Minister.

A total of 169 positive cases of coronavirus have been reported in India so far, the Union Ministry of Health and Family Welfare said on Thursday.

Globally, the virus has infected more than 184,000 people and killed more than 7500, as per the data available on the World Health Organisation website.

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News Network
March 30,2020

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."

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coastaldigest.com news network
June 16,2020

Newsroom, Jun 16: A 35-year-old Kannada lecturer died in a motorbike accident at Tumkuru in Karnataka.

The deceased is K N Swamy, who was a guest lecturer in Department of Kannada at Central University of Kerala located at Periya in Kasaragod district.

The accident occurred on Sunday afternoon when he was riding his motorbike.

Swamy was also a writer and poet in Kannada.

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