1. Home
  2. Industrialist BM Farooq likely to get Rajya Sabha ticket from JD(S)

Industrialist BM Farooq likely to get Rajya Sabha ticket from JD(S)

[email protected] (CD Network)
May 24, 2016

Mangaluru, May 24: Even though the Janata Dal (Secular) is yet to announce its candidate for the looming Rajya Sabha polls, the name of industrialist BM Farooq is doing rounds for the sole seat the party can win on its own.

bmfarooqMr Farooq, who holds an Engineering degree, is a well-known businessman and real-estate tycoon in Bengaluru and Mangaluru. He is a brother of Mangaluru North MLA Mohiuddin Bava. He is also the president of Bengaluru based Bearys' Welfare Association.

Biennial elections to 57 Rajya Sabha seats including four in Karnataka is expected to take place on June 11. This includes the seat vacated by liquor baron Vijay Mallya.

The BJP has already chosen Union Urban Development Minister Venkaiah Naidu once again as its candidate from Karnataka.The ruling Congress in the State is undecided on the two candidates it can send to the Upper House with the names of former Union ministers P Chidambaram and Oscar Fernandes doing the rounds for the polls.

The fourth seat is up for grabs with JD (S), which has 40 members in the Assembly, hoping to put up an Independent and win with the support of other parties.

The JD(S) Legislature Party will formally meet in Bengaluru on May 26 to select the candidate. Party state president HD Kumaraswamy said they will field a personality from Karnataka but did not reveal if the candidate would be an industrialist.

Meanwhile, Mr Farooq has expressed his willingness to enter the parliament and also expressed hope that JD(S) would give him an opportunity to serve the people.

Comments

Abdullah
 - 
Wednesday, 25 May 2016

All like to become politicians for their own benefit.
Finally they divide the votes and it will help to bring RSS terrorists.
Selfish fellows never think of their community.

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
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."

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 19,2020

Mangaluru, Jul 19: Five physicians of KVG Medical College in Sullia, Dakshina Kannada were booked for violating their home quarantine guidelines.

The district administration learnt about their quarantine violations after tracking their GPS locations through the app on Sunday.

The five medics were ordered 14 days home quarantine after the College staff tested positive for COVID-19. 

However, all the five physicians visited many places in the town violating quarantine norms, and hence the police booked cases against them.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
August 4,2020

Bengaluru,  Aug 4: Karnataka has seen a substantial increase in COVID-19 recovery rate, which was 5.67 per cent in the last week, state Medical Education Minister Dr. K Sudhakar said.

"Every day there is an increase in recovery rate which is higher by 9.17 per cent in Bengaluru city. The overall recovery rate of the state by Sunday evening was 42.81 per cent and it is 35.14 per cent in Bengaluru," the Minister wrote in a tweet.

Minister Sudhakar also directed officials to resolve the issue raised by a woman who had written to him about her struggle to take possession of the body of her father in St. Johns hospital, Madivala.

The hospital she claimed was charging money to hand over the body.

"It is inhuman on part of the hospital to refuse handover of the body. I came to know about this incident in the media and responded immediately to help out the woman," Dr. Sudhakar wrote in his tweet.

Karnataka has so far reported 74,598 active COVID-19 cases, according to the Ministry of Health and Family Welfare.

stm88 info live rtp slot

slot auto scatter hitam

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.