HDK to JD(S) MLAs: Go easy on Congress, keep away from BJP

Agencies
June 5, 2019

Bengaluru, Jun 5:  Amid coalition worries and impending cabinet expansion or reshuffle, the Janata Dal (Secular) legislature party Tuesday took stock of the ongoing political developments.

The meeting was attended by Chief Minister H.D. Kumaraswamy, party patriarch H.D. Deve Gowda and A.H. Vishwanath, who earlier announced his resignation as party’s state unit president.

During the meeting, the legislators and party leadership requested Vishwanath to take back his resignation, but he remained adamant, party sources said.

The party leadership also asked legislators not to make open remarks against alliance partner Congress, in order to keep the coalition government safe, while making them aware about the need to continue the partnership.

Legislators were also asked to be aware of any attempts by the BJP to lure ruling coalition’s MLAs to switch sides, in their attempt to destabilise the government, the sources said. They also discussed  the party's performance in the Lok Sabha and Urban Local Body polls, and plans to strengthen the organisation across the state from the grassroot level, sources said, adding that legislators have authorised the leadership to make organisational changes.

According to the sources, Kumaraswamy, who is also the JD(S)legislature party leader,  discussed with legislators the issue of cabinet rejig that is on the cards and about the possibility of inducting Independent MLA Nagesh and KPJP MLA R. Shankar into the cabinet from the JD(S)' share in ministry.

Shankar was initially minister in Kumaraswamy's cabinet, but was subsequently dropped during the reshuffle in December last year, following which both of them withdrew their support to the government and sided with the BJP.  Kumaraswamy and coordination committee chief Siddaramaiah has held several rounds of meetings recently, the last being on Saturday night on cabinet expansion or reshuffle, following which a top official source had said, it is likely to take place only after June 4.

There seems to be worry within the Congress about cabinet expansion or reshuffle with growing number of aspirants in the party.  Of the total 34 ministerial positions in Karnataka, the Congress party  and the JD(S) have shared 22 and 12 respectively.

Currently, three posts are vacant, two from JD(S) and one fromCongress.

Coalition worries have increased after BJP's spectacular win with 25 of the 28 Lok Sabha seats in its pocket, leaving a mere one seat each to the Congress and the JDS, which, despite a joint poll fight, were swept away by the Modi wave.

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News Network
February 24,2020

Belagavi, Feb 24: Almost a month after a soldier was reported missing following a trip to Gokak's Godchinamalaki falls, his wife and her lover - who was her car driver - were arrested in Belagavi for his murder.

Police said the accused, Prashant Patil, and two friends tried to throw Deepak Pattanadara, 32, off a cliff after slitting his throat. Deepak's wife, Anjali, had registered a missing case with police on February 4, saying her husband had gone on a trip with friends on January 28 and hadn't returned.

In a twist, Deepak's elder brother lodged a complaint at the same police station, alleging that Anjali was behind the disappearance.

Anjali and Prashant, both 26, were arrested on Saturday while Prashant's two friends are absconding. Deepak's decomposed body has been recovered.

Deepak, who was posted in Delhi and was on the verge of retirement after 14 years in the army, had suspected his wife's alleged affair, police said. He'd bought a car for Anjali in 2019, and since he was home only twice a year, he hired Prashant as the driver. Anjali and Prashant grew close but when Deepak asked Anjali about the affair, she denied it outright.

When Deepak came home during vacation, the duo planned to eliminate him, police said.

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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
May 4,2020

Bengaluru, May 4: A total of 37 new COVID-19 cases have been reported in the last 24 hours in Karnataka taking the total number to 651, State Health Department said on Monday.

"Thirty seven new coronavirus positive cases have been confirmed in Karnataka from 5 pm yesterday to 5 pm today. The total number of cases in the state stands at 651," the department said.

The total number of cases includes 27 deaths and 321 persons who have been discharged. Of the remaining 302 cases, 296 patients are in isolation in designated hospitals and six patients are in ICU.

India has registered 2,553 new COVID-19 cases in the last 24 hours and the total number of cases now stands at 44,532.

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