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
July 26,2020

Bengaluru, Jul 26: A total of 5,199 new COVID-19 cases and 82 deaths were reported from Karnataka on Sunday, the state's health department said.

With this, the total number of coronavirus cases in the state stands at 96,141, including 58,417 active cases and 35,838 recoveries.
So far, 1,878 deaths have been reported from Karnataka.

Meanwhile, India reported a spike of 48,661 cases and 705 deaths in the last 24 hours, said the Union Ministry of Health and Family Welfare on Sunday.

A total of 9,46,777 tests have been done so far and the number of tests per million in the national capital stands at 49,830.

The total COVID-19 positive cases stand at 13,85,522, including 4,67,882 active cases, 8,85,577 cured/discharged/migrated, and 32,063 deaths, it added. 

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coastaldigest.com news network
June 14,2020

Mangaluru, Jun 14: A 26-year-old man, who had recently returned to Mangaluru from Maharashtra, succumbed to coronavirus today. With this number of covid-19 deaths in the coastal district of Dakshina Kannada rose to eight.

After returning from Mumbai, he had undergone institutional quarantine on May 28 and 29. Later, he was under home quarantine as he was suffering from kidney related ailment. He completed his home quarantine on June 10.

On June 12, the youth was admitted to the private hospital in the city due to kidney related ailment. He did not respond to treatment and died.

His throat swab sample was tested after which it was confirmed that he was having coronavirus infection also.

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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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