World Bunts' Foundation Trust felicitates achievers

[email protected] (CD Network)
June 26, 2011

Mangalore, June 26: World Bunts' Foundation Trust felicitated Dr RN Shetty, an entrepreneur and philanthropist, Dr DK Chowta, Writer and Dharnappa Shetty Poonjalkatte, a Yakshagana artist on Sunday during the annual general body meeting of the Trust held at Geetha SM Shetty auditorium of Bunts alias Nadavara Mathrsangha here.

Chartered Accountant student Rohith S Shetty was awarded with 'Late YR Shetty Endowment Award for best CA student' by HR Shetty, Chartered Accountant.

Presiding over the function, Dr Shantharam Shetty, Chairman of the Trust, said that the Trust since 15 years has collected Rs 2.5 crore and the interest generated from this fund has been used for scholarship for students of the community, healthcare and other purposes. He opined for the rich Bunts it was a meagre amount. He hoped in coming years with more contribution, the Trust would serve the disabled in the community.

He said that it was disheartening to know that a large number of community members are still in poverty. Social evils like dowry system are still haunting this community, he lamented.

Laying emphasis on the importance of educating each and every member of the community, Mr Shantharam said that every girl child must be educated to put an end to dowry practice.

After being felicitated, Dr DK Chowta said the Trust should also encourage the achievement of members of other communities too.

To promote and disseminate the information of the, a website www.worldbunts.community.officelive.com was launched by Dr RN Shetty.

Dignitaries like Mr Vinay Hegde, Dr B Sanjeeva Rai, Mr Gopal B Shetty, Mr HR Shetty and others were present on the occasion.

Ms Malathi S Alva, Vice Chairman of the Trust welcomed the gathering while Mr K Jairaj B Rai proposed vote of thanks.

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coastaldigest.com news network
July 15,2020

Newsroom, Jul 15: At least three students have committed suicide in different parts of Karnataka after failing in II PUC examinations, the results of which were announced yesterday. 

Bhumika, an 18-year-old girl hailing from Mallipattene near Arakalagud town in Hassan district killed herself within hours after the announcement of results. 

Depressed over her failure in the examination, she consumed poison, the police sources said. 

In a separate incident, 18-year-old Chitra, who failed the II PUC examinations, committed suicide at her native Chikkamarasa village in Shivamogga district. 

She was studying in Government PU College in Kumsi and after knowing about her result in the final PU exam, she hanged herself to death at her house.

Similarly, an 18-year-old boy from Harihar taluk in Davanagere district committed suicide in his house after the announcement of the PUC results.

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News Network
January 12,2020

Bengaluru, Jan 12: Janata Dal (Secular) chief and former prime minister H D Deve Gowda on Sunday refuted reports of him contesting in the Rajya Sabha elections and added that he is more concerned about strengthening his party in Karnataka.

"I am not interested in going to Rajya Sabha. My concern is to build and strengthen the party in the region to the best of my ability. I had declared earlier that I will not contest elections anymore," Deve Gowda told ANI here.

"My party MP D Kupendra Reddy is there in the Rajya Sabha as of now and further decisions will be taken by the party. In March 2019, towards the end of the 16th Lok Sabha I had declared that I will not contest any more elections," Deve Gowda added.

Four Rajya Sabha seats in Karnataka are about to fall vacant in June this year as two of Congress, one of BJP and JD(S) MPs retire.

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coastaldigest.com news network
May 27,2020

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."

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