Lakshmi gold palace to launch new outlet in Mangalore on Saturday

[email protected] (CD Network)
August 24, 2012

Gold

Mangalore, August 24: K.P. Nanjundi, proprietor of Lakshmi Gold Palace, Bangalore, announced the opening of a new branch of Lakshmi Gold Khazaanaa Pvt Ltd. in Mangalore on August 25.

Speaking at press conference here on Thursday, he said that it was the fifth branch of the company. In six years, 18 branches will be set up in the State in places like Hubli, Mysore, Mandya, Belgaum, Dharwad, Gadag and Hassan. Two branches in Domlur (Bangalore) and Dharwad are already in the stage of construction and will be ready by December. Over 600 crores of revenue is generated per annum, he said.

He said that he would offer customers in Mangalore Rs. 60 discount per gram of gold. “I will offer lesser rates than the ones that are currently being offered in the existing shops. My only aim is to make it easier for the middle and lower class people to acquire Hallmarked jewellery,” he said.

According to Mr. Nanjundi, the new branch will have three sections – Lakshmi Gold Palace, Silk Palace and Gold Loan. It will be inaugurated by Oscar Fernandes, Rajya Sabha MP, at 12 p.m. at No. 1507/1, K.S. Rao Road, Kodialbail, Mangalore. Dr. G. Parameshwar, President of Karnataka Pradesh Congress Committee, will be the chief guest on the occasion.

There will be around 15,000 sarees on display in the Silk saree section, and gold loans will be provided at 1.25 – 1.75 per cent rate of interest. There is also a facility for customers to have their gold weighed and evaluated, he said.

All employees including the Chief Manager of the branch are from Mangalore, he added.

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coastaldigest.com news network
June 24,2020

Riyadh, June 24: Thousands of expatriates who managed to return to their home countries from Saudi Arabia during covid-19 lockdown are now in a dilemma as the Kingdom has clarified that it will not allow their re-entry till the end of the corona crisis. 

The Directorate General of Passports (Jawazat) announced on Tuesday that the mechanism to resume extension of the exit and re-entry visas for expatriates who are outside the Kingdom will be announced only after the end of the pandemic crisis.

The Jawazat stated this on its Twitter account while responding to queries from a number of expatriates who are currently outside the Kingdom and whose exit and re-entry visas have expired.

They inquired about the possibility of returning to the Kingdom after the resumption of international flight service. 

The Jawazat reiterated that the return of expatriates who left Saudi Arabia will be only after the end of the pandemic and in accordance with the process to obtain a valid re-entry visa.

The directorate said that in the event of any new decisions or instructions in this regard, they will be announced through the official channels.

It is noteworthy that the Jawazat had previously confirmed that its electronic services are continuing through the Absher and Muqeem online portals of the Ministry of Interior and that the service for messages and requests is still available and continuing through Absher for all the beneficiaries of its services.

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News Network
June 12,2020

Bengaluru, June 12: The Karnataka government has withdrawn its notification that allowed factories to extend working hours up to 10 hours a day and 60 hours a week, with immediate effect.

The extension of work hours was from eight hours a day and 48 hours a week. On May 22, the government had exempted all the factories registered under the Factories Act, from the provisions of Section 51 (weekly hours) and Section 54 (daily hours), till August 21 subject to certain conditions.

"Whereas, having examined the provisions further, the Government of Karnataka now intends to withdraw the said notification," the state government in a fresh notification dated June 11 said.

It said, "Therefore, in exercise of the powers conferred under Section 5 of Factories Act, 1948 (Act No. 63 of 1948), the Government of Karnataka hereby withdraws the Notification dated 22-05-2020 with immediate effect."

According to the Karnataka Employers' Association, a petition was filed in the High Cour challenging the May 22 notification as "illegal, arbitrary and in violation" of Section 5 of the Factories Act which permits exemption from any of the provisions of the Factories Act only in case of Public Emergencies'.

During the course of hearing on June 11 an observation was made by the High Court, that it may have to quash the notification unless the government clarifies as to what is the 'Public Emergency' involved to enhance the working hours by exempting some provisions of the Factories Act, it said.

The court further observed that the government should make a submission on June 12 in this behalf. However, the government withdrew the notification on June 11 itself. Recently states like Rajasthan and Uttar Pradesh too had retracted after permitting extending work hours.

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News Network
June 16,2020

Bengaluru, Jun 16: Former prime minister H D Deve Gowda on Tuesday termed as 'disturbing' the violent clash between Indian and Chinese troops in Galwan Valley and said the government should offer a clearer picture to the nation on the border issue.

He sought to know as to how Indian soldiers lost their lives during a de-escalation process and said Prime Minister Narendra Modi and Defence Minister Rajnath Singh should come out with a clearer picture.

"Reports coming from #GalwanValley are disturbing. Why did our soldiers lose their lives during a de-escalation process? In national interest, the PM and RM should offer a clearer picture to the nation on the border issue with the Chinese. #LADAKHSTANDOFF," Gowda tweeted. An Indian Army officer and two soldiers were killed during the confrontation with Chinese troops in the Galwan Valley in eastern Ladakh on Monday night, the first such incident in the last 45 years that reflected massive escalation in the five- week border row.

The Army said India lost an officer and two soldiers during the violent face-off, while there were casualties on the Chinese side as well.

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