Second hovercraft glides into Mangalore

[email protected] (CD Network)
October 6, 2014

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Mangalore, Oct 6: The second of two hovercrafts sanctioned Indian Coast Guard along Karnataka coast arrived in Mangalore on Monday, exactly a fortnight after the induction of the State's first hovercraft.

Hovercraft H-198 the third series of Air Cushion vehicle, built in the United Kingdom, arrived on Monday at Panambur Beach, near the ICG, Karnataka Headquarters where it will be permanently based.

The 21-metre long vehicle will float over the seas on a cushion of air created by two propellers, reaching a maximum speed of 45 knots. The hovercraft is commanded by Commandant Amitabh Banerjee and is armed with heavy machine guns and state-of-the-art communication and navigation equipment including radar and worldwide satellite communication.

The H-198 joined the Hovercraft H-196 which arrived on September 22, and the two became the Coast Guard's fastest vehicles, allowing them to effectively keep an eye on the 320-km Karnataka coastline.

The hovercrafts are equipped to undertake multifarious tasks such as surveillance, interdiction, search and rescue and rendering assistance to small boats at sea. The amphibious craft can operate on land as well as over sea, and will be especially useful in shallow seas, marshy land and isolated islands which cannot be accessed by conventional boats.

Each craft will have a 12-member crew who have obtained specialised training in London.

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coastaldigest.com news network
July 2,2020

Mangaluru, Jul 2: A youth who was on job hunt committed suicide by hanging from the roof of his house in Maroli on Wednesday.

32-year-old Advaita Shetty taken pilot training and looking for a job, According to sources, he had come back to his native place, Maroli, three days ago.

The exact reason behind this extreme step is not known yet.

Kankanady town police have registered a case in this regard.

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News Network
July 10,2020

Mysuru, Jul 9: The renowned Mysore Palace has been closed on Thursday after a relative of an employee at the palace was tested COVID-19 positive, an official said.

The palace has been closed for the visitors in the view of rising COVID-19 cases. Authorities have decided to re-open the palace on Monday.

Earlier the Palace was closed for tourists for a week from March 15 to 22, in the wake of the coronavirus outbreak, Mysore Palace committee said.

According to the Union Health Ministry, Karnataka has reported 28,877 COVID-19 positive cases including 16,531 active, 11,876 cured/discharged/migrated while 470 succumbed to the virus.

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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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