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Umesh Jadav who quit as Cong MLA joins BJP

News Network
March 6, 2019

Kalaburagi, Mar 3: Congress rebel MLA Umesh Jadhav joined the BJP at a rally here Wednesday, two days after he quit the Karnataka Assembly membership, and is tipped to take on Congress veteran Mallikarjun Kharge in the coming Lok Saba elections.

Jadhav joined the BJP before Prime Minister Narendra Modi's address at the rally, in the presence of state BJP president B S Yeddyurappa, former chief minister Jagadish Shettar and a host of other party leaders.

"I am happy and proud joining BJP," Jadhav said before Modi arrived on the stage. He also sought blessings from the people of Kalaburagi to make Modi Prime Minister again.

BJP sources said, Jadhav is likely to be the party's Lok Sabha candidate for the Gulbarga seat to challenge Kharge, a nine-time MLA and two-term Lok Sabha member who has never tasted electoral defeat. Jadhav had Monday submitted his resignation from the Assembly to Speaker Ramesh Kumar.

The Congress has petitioned the Speaker seeking disqualification of Jadhav along with Ramesh Jarkiholi, B Nagendra and Mahesh Kumathali under the anti-defection law. The four MLAs had kept the party on tenterhooks for several weeks, defying its whip twice to attend the Congress Legislative Party (CLP) meetings on January 18 and February 8 and had skipped the early part of the budget session.

After the MLAs refused to fall in line, the Congress had petitioned Speaker to disqualify them under the Anti-Defection Law. However, Jadhav along with other three MLAs had attended the session and voted in favour of the finance bill, with an intention not to violate whip and avoid any stringent action.

Jadhav was upset with Congress against the alleged dominance by veteran party leader Kharge and his son Minister Priyank Kharge in the region. He was against Priyank Kharge getting Ministerial berth from the region, ahead of several senior Congress leaders including himself. Jadhav's quitting the Congress has come after two other senior leaders, Baburao Chinchansur and Malikayya Guttedar, from the region quit the party and joined the BJP, allegedly against dominance of the Kharges.

Jadhav is likely to face some hurdles ahead of his candidature for the Lok Sabha polls, as a petition to disqualify him was still pending before the Speaker. "The petition to disqualify Jadhav is still pending... without disposal of this petition his resignation cannot be accepted as per law, in my knowledge," Congress Legislature Party leader Siddaramaiah said on Tuesday.

However, whether to accept the resignation or not is ultimately left to the Speaker as he is the ultimate authority, he had added.

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News Network
March 7,2020

Bengaluru, Mar 7: Customs officials intercepted a Guatemalan national at Kempegowda International Airport here on March 2 and recovered cocaine.

The accused confessed that she had swallowed 150 cocaine capsules and concealed a tube-like structure in her vagina.

The passenger egested the total 1.385 kg of cocaine (150 cocaine capsules) over a period of two days, under medical supervision. She has been arrested.

Further, an investigation is underway.

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News Network
June 28,2020

Udupi, Jun 28: A student appearing for the Secondary School Leaving Certificate (SSLC) exams in Kaup taluk of Udupi district has tested positive for the novel coronavirus (COVID-19) infection.

Officials of the Department of Public Instruction (DPI) and Udupi District Health and Family Welfare Department have confirmed the report. 

The 16-year-old girl had appeared for the Kannada and Mathematics exams on June 25 and 27 respectively. 

Her throat swabs were sent for testing on June 27 after her father tested covid-19 positive. Today she too obtained positive report.  

The student is unlikely to appear for the science paper on June 29.

Meanwhile, health officers have ruled out the possibility of subjecting other students to covid-19 test as all necessary precautions such as physical distancing and usage of sanitization were taken in the examination centre.

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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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