World Cup victory sparks wild celebrations across Mangalore

April 3, 2011

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Mangalore, April 3: As MS Dhoni whacked a six over long-on to help India become the World Cup champions, the city erupted in joy as fireworks lit the skyline across various parts.

Jubilant fans took out impromptu rally in places like Kankanady, Jeppu, Hampankatta, Bunder, Karangalpady, Bejai, MG Road and several other places.

Sweets were also distributed in several places and the youths fluttering Indian tricolor zipped through city roads shouting Bharat Matha Ki jai and Jai Jai India.

India overhauled, what looked like a difficult target of 274 set by Sri Lanka, with the help of a brilliant 97 from Gautam Gambhir and an equally crucial half-century from skipper Dhoni.

Throughout the day on Saturday, the city had worn a deserted look, with people choosing to watch the match either in their homes or at publics places and shops where generous shopkeepers had placed televisions with the match on. Business was rather low, but nobody seemed to mind.

The entire city was glued to television sets, cheering as each Lankan wicket fell, and expressing expert views on what India ought to do to win.

People celebrated with sweets, fireworks, greeting and congratulating each other. Some were seen carrying the Indian flag in joy, and even little kids joined in the fun. There was lots of dancing, singing, and even some live music in various parts of the city.

A group of enthusiastic India supporters took out a victory march across Kankanady area and celebrated the achievement with bursting crackers and beating the drums. They also blocked traffic for few minutes. There were also frenzied celebrations near Marnamikatta circle, where hundreds of jubilant fans indulged in revelry holding aloft national flags.

City's landmarks including Bharat Mall, City Centre and Empire Mall were witness to large number of young cricket fans indulging in revelry as Dhoni smacked a six to give India their second one-day World Cup after a gap of 28 years.

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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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News Network
January 18,2020

Mangaluru, Jan 18: The Dakshina Kannada District Karavali Utsava Samiti has chosen senior Journalist and Assistant Editor on Udayavani Daily Manohar Prasad for the Karavali Gaurava Prashasti 2019-20.

The award will be presented to Manohar Prasad in recognition of his contribution in the field of Journalism.

He will be given the award during the valedictory of the Karavali Utsav at Panambur beach on January 19.

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News Network
July 22,2020

Udupi, Jul 22: Deputy Commissioner G Jagadeesh on Wednesday announced lifting of ban on movement of people and vehicles with immediate effect in the borders of Kerala which was banned during lockdown.

The announcement comes hours after Karnataka Chief Minister B S Yediyurappa announced that lockdown in Bengaluru and other parts of the state will not be extended any further, suggesting people should wear masks and maintain physical distancing strictly.

Mr Jagadeesh noted that although the seal down of the borders of the district would be lifted, checkposts on the border would be set up and urged people to enter the district only in case of emergency.

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