UK based Atlantic Data Bureau opens unit in Mangalore

[email protected] (CD Network, Photos by Ahmed Anwar)
February 1, 2013
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Mangalore, Feb 1: The new office of the technical wing of UK-based Atlantic Data Bureau Private Limited located at Padil in Mangalore, was inaugurated on Friday.
Speaking after inaugurating the new facility, British Deputy High Commissioner Ian Felton said that the British Government was easing VISA conditions and services to Indians especially to students who wanted to study in UK universities. The British government was looking at areas such as education and business sectors for the mutual benefit of both countries. It was also looking at encouraging educational qualifications from UK universities in professional courses, humanities, basic science streams and also in-service people with UK-based companies, especially in the IT sector. There were no limits or cap on the number of students from India going to pursue education at British universities. As much as 95 percent of business issues will be alleviated with the loosening of VISA standards, he said.
President of Kanara Chamber of Commerce and Industry (KCCI) Mohammed Ameen said that the commerce bodies aimed at the development of an IT hub in Mangalore, as people were well-educated and intelligent. “Soon, KCCI will organise an IT conclave in Mangalore. We have to retain youngsters in Mangalore in order to prevent 'brain-drain' to other countries. Talks are on-going with the National Association of Software and Services Companies (NASSCOM) on a programme to give leverage in technology in business mode,” he said.
Speaking on the occasion, Director of Aloysius Institute of Management and IT (AIMIT) Fr Denzil Lobo said that the educational facilities created in Mangalore by various organisations and institutions were of world-class standard. To further facilitate good education, we need an upgradaded syllabus and curriculum from time to time. Foreign collaboration in this regard would provide valuable assistance, he said.
Managing Director of UK Atlantic Data Services Mark Follett and director of Atlantic Data Bureau Services Mangalore Deepak Sharma were present on the occasion.

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News Network
June 6,2020

Jun 6: Private sector lender Karnataka Bank has reported to the RBI that it has been defrauded of over Rs 285 crore consequent to loans gone bad to four entities including DHFL.

A total of Rs 285.52 crore has been reported as fraud wherein the bank was one of the consortium lenders during 2009 to 2014 to Dewan Housing Finance Corporation Ltd (DHFL), Religare Finvest, Fedders Electric and Engineering Ltd and Leel Electricals Ltd, Karnataka Bank said in a regulatory filing on Friday.

The maximum is owed by DHFL at Rs 180.13 crore, followed by Religare Finvest Rs 43.44 crore, Fedders Electric Rs 41.30 crore and Leel Electricals Rs 20.65 crore.

"DHFL (defaulted entity) dealing with us since 2014 had availed various credit facilities under consortium arrangement wherein, we were one of the member banks. In view of Early Warning Signals (EWS) in the conduct of the account and other developments, the account was red flagged on November 11, 2019.

"The borrowing account was classified as Non-Performing Asset on October 30, 2019 and now, for misappropriation & criminal breach of trust & diversion of funds in the credit facilities extended earlier to the company, a fraud amounting Rs 180.13 crore has been reported to RBI," Karnataka Bank said.

Likewise, Religare Finvest Ltd (RFL) was dealing with the bank since 2014, availing various credit facilities.

Following classification of this account as non-performing in October 2019 by a consortium member, Karnataka Bank reported to RBI a fraud amounting to Rs 43.44 crore in the credit facilities extended earlier, on account of diversion of funds.

Leel Electricals was classified as NPA account in March 2019 and it reported to RBI a fraud amounting to Rs 20.65 crore in the credit facilities to the company on account of diversion of funds.

"In all the referred three non-performing accounts, necessary provisions have been made in full to be spread across four quarters," it said.

Fedders Electric and Engineering Limited was reported as NPA in July 2018 by a member bank in consortium, subsequent to which Karnataka Bank reported fraud of Rs 41.30 crore on account of fund diversion.

The account has already been fully provided for, it added.

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News Network
May 27,2020

Bengaluru, May 27: Mebina Michael, who contested in Pyate Hudgir Halli Life season 4, is killed in a road accident on Tuesday. The incident occurred on National Highway 75 at 4.30 pm in Devanahalli in Nagamangala taluk, Mandya district.

As per the reports, Mubiena along with two others were travelling to Somavarpet from Bengaluru. Their car collided with a tractor, which was taking a U-turn, they were immediately rushed to the Adichunchanagiri Medical College hospital.

Later, the injured were shifted to a private hospital in Bengaluru for further treatment and Mebina died on the way, while the two are are battling for lives with serious injuries. A case has been filed at Bellur police station.

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News Network
April 16,2020

Bengaluru, Apr 16: Karnataka Chief Minister BS Yediyurappa on Thursday inaugurated a mobile Covid-19 testing booth in Bengaluru.

These mobile booths will be used in all wards of Bengaluru to collect samples of those suspected to be infected.

According to information available on the website of Ministry of Health and Family Welfare, as of Thursday, 4:00 PM, 279 coronavirus cases have been reported from the state, with 80 cured/discharged/migrated and 12 deaths.

India's coronavirus tally is at 12,380 cases, said the Union Ministry of Health and Family Welfare on Thursday.

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