Mangaluru, Jan 23: A teenager was crushed to death under the wheels of a reckless tempo last night at Kallapu near Thokkottu on the outskirts of the city.
The victim has been identified as Mohamed Sakib (19), son of Mohammed Bashir, a resident of Amblamogaru.
According to sources, Sakib was riding a two-wheeler when the fish-laden tempo knocked him down.
A case has been registered at jurisdictional police station and investigations are on.
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."
Mangaluru, Jul 20: Ananthapadmanabha temple at Kudupu on the outskirts of Mangaluru will be closed for devotees on the occasion of Nagara Panchami on July 25 due to Covid-19.
Ananthapadmanabha temple at Kudupu is one of the famous temples in Dakshina Kannada dedicated to Naga (Serpent God) where Nagara Panchami is celebrated in a grand way. The temple committee said that "Nagara Panchami will be observed on July 25. To avoid large gatherings, the entry of devotees is banned. The devotees should not visit the temple, thereby extend cooperation with the temple committee."
On the day of Nagara Panchami, no sevas, theertha and prasadam will be distributed. There will be no mass feeding as well.
Madikeri, Jun 5: Karnataka Minister for Revenue R Ashok said a Rs 10 crore grant would be released shortly for construction of a permanent building for 'Relief Centre' in Kodagu district which is vulnerable to floods because of its hilly landscape.
According to an official release here on Friday, the Minister symbolically handed over the newly built houses to flood victims in Jambur in Somwarpet on Thursday evening.
He said that whenever the 'Relief Centre' is vacant it will be used for government meetings.
Comments
Fish tempos and oil tankers are the most dangerous vehicles during night. They are reckless always
Rest in peace
Most of the teenagers are rash drivers.
Blame the parents. Why they given bike to that boy. He jut crossed 19.
Inna lillahi wa inna ilayhi raji'un
إِنَّا لِلّهِ وَإِنَّـا إِلَيْهِ رَاجِعونَ
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