Udupi, Apr 23: Sheikh Abdul Gafoor, a philanthropist and social worker from Basrur in Kundapur taluk of Udupi district, passed away in Saudi Arabia yesterday. He was 54.
He was the founder and general secretary of Khidmah Foundation. He was also funder of Basrur Muslim Welfare Association.
He is survived by his wife, a son, two sons and large number of relatives, friends and well-wishers.
coastaldigest.com news network
Abu Dhabi-based NMC Healthcare has reportedly received bids to sell its distribution unit and will soon be selling it to different parties.
The development comes over three months after NMC Healthcare’s founder and then-chairman B R Shetty stepped down amid allegations of massive fraud.
The company, which recently laid off hundreds of workers, is offloading stake in the subsidiary as it is considered non-core and requires substantially high working capital to run the operations. In addition, this stake sale will help the company pay off some of its debt
"There are parties who have strong interest in the distribution business. NMC will be offloading the unit soon and that also to different parties," a source said.
"The company is in the process of exploring options for NMC Trading, the group's distribution business, which it has determined to be non-core and requiring substantial levels of working capital. The process should not materially adversely impact distributors' activities, nor NMC Trading's customers," an NMC Healthcare spokeswoman said.
The UK-court has appointed Alvarez & Marsal as administrator to oversee the operations of the debt-ridden hospital operator. The healthcare firm has been caught in a whirlpool of $6.6 billion debt while its senior former high management team is under investigation for financial irregularities.
The UAE Central Bank has direct local banks to freeze all bank accounts of NMC founder BR Shetty and his family members as well as accounts of those companies where he has a stake. The Central Bank move is subsequent to a criminal complaint filed by Abu Dhabi Commercial Bank, which has the largest exposure to NMC Healthcare, amounting Dh3 billion.
As the company faces financial difficulties, Reuters reported that NMC Health delayed May staff salaries and now expects to complete making payments by the first week of June.
The spokeswoman said: "The company has been in regular dialogue with its creditor constituencies through various creditor committees, including the direct bank lenders to its NMC Trading businesses."
Bengaluru, May 27: Aimed at giving a boost to affordable housing, the Karnataka government on Tuesday decided to slash the stamp duty on new apartments costing up to ₹35 lakh.
The decision was taken during a meeting chaired by Chief Minister B S Yediyurappa to review the progress of the Stamps & Registration department.
The Chief Minister directed that the stamp duty be cut from the existing five per cent to two per cent on apartments costing less than ₹20 lakh, getting registered for the first time, his office said in a statement.
Further, the stamp duty on apartments costing between ₹21 lakh - ₹35 lakh will be down from five per cent to three per cent, it said. It is estimated that in 2020-21 due to COVID-19 induced lockdown, Stamps and Registration department might fall short of its revenue target by ₹3,524 crore. The revenue target for 2020-21 is ₹12,655 crore.
Mangaluru, May 5: Even as the coastal city entered third phase of lockdown to contain the spread of covid-19, a wild bison was spotted in Mangaluru today.
According to sources, local residents at Hathill area and Mannagudda area spotted bison. It is not sure whether it was the same bison or two different bison.
Some reports claimed that it was spotted in Kudroli area too triggering panic among people.
With the help of local residents and police, the forest officials managed to catch the bison around noon.
It is assumed that the wild animal must have come to the city as there was less movement of people and vehicle due to lockdown for past few weeks.
WATCH VIDEO: Wild bison intrudes into Mangaluru city amidst lockdown, triggers panic, captured finally pic.twitter.com/dcBHJj1wOQ
— coastaldigest.com (@coastaldigest) May 5, 2020
Comments
inna lillahi wa inna ilaihi rajiwoon....
may allah keep him jannah...
Inna lillahi wa inna ilaihi rajioun...may Allah give sabr to his family. He is survived by one daughter and one son. We lost one of the best colleague and friend.
May Allah bless him Jannath al Firdous. Ameen...
Quote : "He is survived by his wife, a son, two sons and large number of relatives"
Un quote ; What is a son and two sons?
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