Name: CCD stock tanks as VG Siddhartha goes missing, cites debt pressures
Uploaded: 2019-07-30T05:52:31.fff+05:30
Duration: T00M46S
Channel: editorji

Shares of Coffee Day Enterprises hit their lower circuit of 20% after the founder VG Siddhartha went missing. In a letter to the board, he said he had failed as an entr

CCD stock tanks as VG Siddhartha goes missing, cites debt pressures

Shares of Coffee Day Enterprises hit their lower circuit of 20% after the founder VG Siddhartha went missing. In a letter to the board, he said he had failed as an entrepreneur to create the right business model. He also wrote however that the current assets of the company outweigh the liabilities &amp; can help repay everybody.&nbsp;As of March 2019, CCD&nbsp;clocked a revenue of Rs 1,777 cr . In March this year, VG Siddhartha agreed to sell his&nbsp; stake in Mindtree to Larsen and Toubro Ltd at Rs 980 per share. Reports surfaced that Siddhartha was forced to sell his stake due to a liquidity crunch&nbsp; triggered in August, by defaults in payments by IL&amp;FS.The company&rsquo;s net debt as on March, 2018, stood at Rs 3,323.8 crore.

Shares of Coffee Day Enterprises hit their lower circuit of 20% after the founder VG Siddhartha went missing. In a letter to the board, he said he had failed as an entrepreneur to create the right business model. He also wrote however that the current assets of the company outweigh the liabilities & can help repay everybody. As of March 2019, CCD clocked a revenue of Rs 1,777 cr . In March this year, VG Siddhartha agreed to sell his stake in Mindtree to Larsen and Toubro Ltd at Rs 980 per share. Reports surfaced that Siddhartha was forced to sell his stake due to a liquidity crunch triggered in August, by defaults in payments by IL&FS.The company’s net debt as on March, 2018, stood at Rs 3,323.8 crore.

Amma Makkal Munnetra Kazhagam leader TTV Dhinakaran on Monday announced his party’s alliance with Asaduddin Owaisi’s All India Majlis-e-Ittehadul Muslimeen

Amma Makkal Munnetra Kazhagam leader TTV Dhinakaran on Monday announced his party&rsquo;s alliance with Asaduddin Owaisi&rsquo;s All India Majlis-e-Ittehadul Muslimeen and allotted three seats for the upcoming assembly elections in Tamil Nadu. The AIMIM&nbsp;will fight on&nbsp;Vaniyambadi, Krishnagiri and Sankarapuram&nbsp;seats.&nbsp;Tamil Nadu has 234 assembly constituencies, all of which will go to polls on April 6. Counting of votes and declaration of results will take place on May 2.

Endless rows of women clothed in bright yellow and green colours, representing the hues of harvest, sat attentively under a collage of coloured canopies at Delhi border

Endless rows of women clothed in bright yellow and green colours, representing the hues of harvest, sat attentively under a collage of coloured canopies at Delhi borders on Monday.
Passionate speeches by fellow women farmers captured the attention of thousands of these women who have been protesting against the Centre&rsquo;s new farm laws.
On International Women&rsquo;s Day, hundreds of women took to streets while raising slogans of "kisan ekta" (farmer unity) and some broke into nonchalant rhythmic steps of &lsquo;bhangra&rsquo;.
Similar scenes played out at all three protest sites around the national capital - Singhu, Tikri and Ghazipur borders - to celebrate women's contribution to the 100-day strong farmers movement against the farm laws.

Denied of ticket , four sitting MLAs of the Trinamool Congress (TMC) quit TMC and joined BJP on Monday in the presence of State BJP president Dilip Ghosh. The MLAs Rabi

Denied ticket, four sitting lawmakers of the Trinamool Congress quit the Mamata&nbsp;Banerjee-led party and joined BJP on Monday. The MLAs Rabindranath Bhattachrya from Singur, Sonali Guha from Satgachia, Dipendu Biswas from North Basirhat and Jatu Lahiri from Shibpur&nbsp;joined the saffron party in the presence of Bengal&nbsp;BJP president Dilip Ghosh.&nbsp;Guha and Lahiri&nbsp;said they tried to contact the top TMC leaders with their concerns but felt the party has no need of them anymore.&nbsp;Sarala Murmu from Habibpur and Bengali film actor Tanushree Chakraborty also joined BJP.

Uttarakhand Chief Minister Trivendra Singh Rawat arrived in Delhi on Monday to meet top BJP leaders amid speculation that the saffron party is mulling a change of leade

Uttarakhand Chief Minister Trivendra Singh Rawat arrived in Delhi on Monday to meet top BJP leaders amid speculation that the saffron party is mulling a change of leadership in the hill state.&nbsp;Two central leaders, BJP vice president Raman Singh and general secretary Dushyant Gautam, are learned to have submitted their report to party president J P Nadda on their return from the state where they had gone to speak to senior state BJP leaders. A section of state leaders are reportedly miffed with Rawat's leadership and are of the view that the party's electoral prospects under him may not be very bright.&nbsp;BJP may also go for a cabinet reshuffle in the state, some reports claimed.
&nbsp;

Claiming that Jyotiraditya Scindia will never become Madhya Pradesh chief minister, Rahul Gandhi has reportedly said that the BJP leader could have become chief ministe

Claiming that Jyotiraditya Scindia will never become Madhya Pradesh chief minister, Rahul Gandhi has reportedly said that the BJP leader could have become chief minister had he stayed with the Congress. According to ANI report quoting sources, the former Congress president said Scindia whose exit led to the fall of Kamal Nath led Congress government in Madhya Pradesh has become a backbencher in the BJP. Rahul reportedly told workers of Congress&rsquo; youth wing that he had told Scindia that one day he will become the Chief Minister but he chose another route. Rahul said Scindia would have to return to the Congress to become chief minister.

As the Bengal assembly elections draw closer, the war of words become fiercer. A day after PM’s massive rally at Kolkata’s Brigade Ground where he criticise

As the Bengal assembly elections draw closer, the war of words become fiercer. A day after PM&rsquo;s massive rally at Kolkata&rsquo;s Brigade Ground where he criticised the Mamata Banerjee government for corruption, the Bengal CM on Monday attacked Modi accusing him of "spreading lies and canards" against the TMC. Banerjee hit out at Modi over the inclusion of his picture in Covid-19 vaccination certificates and also referred to the Motera stadium name change while addressing a rally on the occasion of International Women's Day. Taking a jibe at the Prime Minister, Banerjee&nbsp;said&nbsp; &lsquo;the day wasn't far when the country will be named after him&rsquo;.
&nbsp;

Maharashtra Chief Minister Uddhav Thackeray on Monday said the NIA taking over the case of a vehicle laden with explosives being found near industrialist Mukesh Ambani'

Maharashtra Chief Minister Uddhav Thackeray on Monday said the NIA taking over the case of a vehicle laden with explosives being found near industrialist Mukesh Ambani's residence in Mumbai suggests something was "fishy". Thackeray said governments come and go, but the official administrative machinery remains the same and one needs to trust it. The National Investigation Agency took over the case following orders from the Ministry of Home Affairs. On Sunday, the Maharashtra Anti-terrorism Squad registered the FIR against unidentified persons on the order of the state home department. Thackeray said the ATS will continue to conduct its probe into Hiran's death.

Maharashtra Budget 2021: Farmers in Maharashtra will be allowed to repay their farm loans with 0% interest.

Farmers in Maharashtra will be allowed to repay their farm loans with 0% interest and the amount will be borne by the government, deputy chief minister Ajit Pawar said on Monday while presenting the budget in the assembly.
Pawar said the move is aimed at increasing the income of farmers.&nbsp;During the budget presentation, Pawar also said the government has taken measures to encourage women to invest in real estate.
The deputy chief minister introduced a measure allowing home buyers to get a waiver of 1% on stamp duty if a house is purchased solely in the name of women.

The Madhya Pradesh Assembly on Monday passed the Freedom to Religion Bill, 2021, that aims to check religious conversions through marriage or by any other fraudulent me

The Madhya Pradesh Assembly on Monday passed the Freedom to Religion Bill, 2021, that aims to check religious conversions through marriage or by any other fraudulent means. Those convicted can be awarded jail term of upto 10 years and a fine of Rs 1 lakh.&nbsp;After a discussion on the Bill, it was passed by voice vote in the Assembly.&nbsp;Governor Anandiben Patel had on January 9 gave assent to the Madhya Pradesh Freedom of Religion Ordinance, 2020, which penalised religious conversions through fraudulent means, including those for the sake of marriage.

The Supreme Court on Monday issued notices to all state governments to get their response on whether Maratha reservation could be allowed beyond the 50 per cent thresho

The Supreme Court on Monday issued notices to all state governments to get their response on whether Maratha reservation could be allowed beyond the 50 per cent threshold,&nbsp;Bar &amp; Bench&nbsp;reported. A 4-judge Constitution Bench issued formal notices to the states and posted the matter for hearing on March 15. The bench will also stipulate on the 1992 Supreme Court judgment, which caps the reservation to 50 per cent. The apex court was hearing appeals filed against a judgment of the Bombay High Court upholding the validity of the Maharashtra State Reservation for Socially and Educationally Backward Classes Act.

2008 Batla House encounter Case: A Delhi court on Monday pronounced Ariz Khan, along with his accomplices, guilty of killing inspector Mohan Chand Sharma.

A Delhi court on Monday pronounced Ariz Khan, along with his accomplices, guilty of killing inspector Mohan Chand Sharma in the Batla House encounter which took place in the national capital in September 2008.
Thirty-five-year-old Khan was arrested by the Special Cell of the city police in February 2018 after being on the run for 10 years.&nbsp;The arguments on sentencing will be held on March 15.&nbsp;
The court also said that Khan, along with his accomplices, also fired gunshots at head constables Balwant and Balvir Singh and asked the investigating officer to ascertain the financial position of the convict to decide on the amount of compensation to be given to the victim's family.

The Rajya Sabha was adjourned on Monday as Congress MPs continued their sloganeering to demand discussions on the rise in fuel prices. Leader of Opposition Mallikarjun

The Rajya Sabha was adjourned on Monday as Congress MPs continued their sloganeering to demand discussions on the rise in fuel prices. Leader of Opposition Mallikarjun Kharge raised the issue of sharp rise in prices of petrol, diesel and LPG and demanded that the Upper House discuss this &ldquo;burning subject&rdquo; as people are suffering. Soon after the house was adjourned for the first time, Kharge said Congress MPs would continue their agitation once the Rajya Sabha reconvened. Amid the high-voltage run-up to the Assembly elections in four states and a Union Territory, the month-long second leg of the Budget session began on Monday. Trinamool Congress leaders wrote letters to the Lok Sabha Speaker and Rajya Sabha Chairman, calling for the adjournment of the session in view of the Assembly polls.

Thousands of women join the farmers agitation on Monday at the Delhi borders to mark the International Women's Day.

Thousands of women join the farmers agitation on Monday&nbsp;at the Delhi borders to mark the International Women's Day.
Women students, farmers, and activists will lead the protest at different sites of Ghazipur, Singhu,&nbsp;and Tikri&nbsp;borders.
The organisers have laid out programmes as they dedicate the day to several women farmers who joined the protest from Haryana&nbsp;and Punjab, said farmer leaders.
Actress Sonia Mann, who was also present at the Delhi border, said that women should come forward to raise voice against oppression.
&nbsp;
Also Read: <a href="https://www.editorji.com/story/100-days-of-bjp-s-arrogance-congress-slams-centre-on-farmers-protest-1615038297071" target="_blank" rel="noopener">'100 days of BJP's arrogance': Congress slams Centre on farmers protest</a>

Six states across the country continued to report a surge in daily Covid-19 cases, pushing the country’s overall tally to 1.12 crore.

Six states across the country continued to report a surge in daily <a href="https://www.editorji.com/covid-19" target="_blank" rel="noopener">Covid-19 cases</a>, pushing the country&rsquo;s overall tally to 1.12 crore, according to the Union health ministry update on Monday morning.
India on Monday recorded 18,599 fresh cases of the coronavirus disease and the total active caseload stood at 1.88 lakh after. The daily rise in new infections were recorded above 18,000 for the third consecutive day. Maharashtra, Kerala, Punjab, Karnataka, Gujarat and Tamil Nadu are driving the daily surge in caseload.
The recovery rate has dropped further to 96.95 per cent, the ministry data stated.
Meanwhile, the vaccination drive is being conducted in full swing. 2,09,89,010 people have been inoculated so far.&nbsp;&nbsp;&nbsp;
&nbsp;
Also Read: <a href="https://www.editorji.com/story/india-is-in-the-endgame-of-covid-pandemic-harsh-vardhan-1615184649694" target="_blank" rel="noopener">India is in the endgame of Covid pandemic: Harsh Vardhan</a>

CJI SA Bobde said that the Supreme Court have always had the highest respect for the womanhood.

Chief Justice of India, who was criticised by many activists and feminists after he asked a rape accused last week whether he was ready to marry the complainant, on Monday sought to dispel the controversy.
CJI SA Bobde said that the Supreme Court have always had the highest respect for the womanhood.
On the <a href="https://www.editorji.com/story/over-4-000-activists-demand-chief-justice-s-resignation-over-rape-comment-1614849755047" target="_blank" rel="noopener">controversial remark</a>, the CJI clarified that bench never asked the accused to marry the girl. "We asked him &lsquo;Are you going to marry her&rsquo;. There was complete misreporting of what we said,&rdquo; the CJI stated.
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Also Read: <a href="https://www.editorji.com/story/responsible-people-must-act-speak-with-restrain-cji-bobde-1583164260506" target="_blank" rel="noopener">Responsible people must act &amp; speak with restrain: CJI Bobde</a>

Several women MPs on Monday highlighted the issue of lack of women representation in leadership roles as they pushed for 33% reservation for women in Parliament. May MP

Several women MPs on Monday highlighted the issue of lack of women representation in leadership roles as they pushed for 33% reservation for women in Parliament. May MPs across party lines spoke on the occasion of Women's Day in Rajya Sabha. Congress MP, Fauzia Khan, Shiv Sena's Priyanka Chaturvedi and others urged the government to bring in Women's Reservation Bill. The Women's Reservation Bill is the pending bill in the Parliament that seeks amendment in the Constitution of India to reserve one-third of all seats in the Lok Sabha and in all state legislatures for women. The bill was passed in Rajya&nbsp;Sabha in 2010 and is pending in the lower house of Parliament. BJP's Sonal Mansingh demanded that just like Women's Day, Men's Day should also be celebrated.

Rajya Sabha proceedings were adjourned on Monday amid uproar by Opposition members over skyrocketing fuel prices in the country.

Rajya Sabha proceedings were disrupted on Monday amid uproar by Opposition members over skyrocketing fuel prices in the country.
Leader of the Opposition Mallikarjuna Kharge gave a notice for suspension of business to discuss "huge and frequent increase in prices of petrol, diesel and LPG even when global prices are ruling low."
Chairman M Venkaiah Naidu did not allow the discussion and kept asking members to go back to their seats and not deprive members from the Question Hour. However, Opposition members kept shouting.
The second part of the Budget session of Parliament began on Monday and is scheduled to conclude on April 8.

India is in the endgame of the novel coronavirus pandemic and to succeed at this stage

India is in the "endgame of the novel coronavirus pandemic" and to succeed at this stage, politics should be kept out the <a href="https://www.editorji.com/covid-19" target="_blank" rel="noopener">Covid-19 vaccination</a> drive, Union Health Minister Harsh Vardhan has said.
He emphasised that people should trust the science behind vaccines and ensure that their near and dear ones get vaccinated on time.
Speaking at a Delhi Medical Association conference, the minister said over 2 crore Covid-19 vaccine shots have been administered so far and the vaccination rate has been increased to 15 lakhs per day.
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Also Read: <a href="https://www.editorji.com/story/health-minister-harsh-vardhan-and-wife-receive-covid-19-vaccine-1614669012823" target="_blank" rel="noopener">Health Minister Harsh Vardhan and wife receive Covid-19 vaccine</a>

More than a month after an explosion outside the Israel embassy in Delhi in late January, India’s counterterrorism agencies have drawn up a list of suspects. The

More than a month after an explosion outside the Israel embassy in Delhi in late January, India&rsquo;s counterterrorism agencies have drawn up a list of suspects. The investigations so far have concluded that the Iranian Quds force was behind the terror plot but that the bomb was planted by a local Indian Shia module, the Hindustan Times has reported quoting sources. A low-intensity device exploded outside the Israel embassy on January 29. Agencies found that the explosive device used was not crude as it appeared to be. Instead, it was a remote-controlled device triggered off by a bomber using line of sight. Indian agencies recovered from the spot a letter addressed to Israel&rsquo;s ambassador to India Ron Malka, calling him a terrorist and devil from a terrorist nation. The case is now being investigated by Indian agencies, with the involvement of experts from Israeli spy agency Mossad.

The Opposition is gearing up to corner the government over various issues, including the farmers' agitation and economic crisis as the Budget Session of Parliament resu

The Opposition is gearing up to corner the government over various issues, including the farmers' agitation and economic crisis as the Budget Session of Parliament resumes on Monday. It is the first day of Mallikarjun Kharge as Leader of Opposition in Rajya Sabh since his appointment on the post after the retirement of Ghulam Nabi Azad. The Opposition is expected to raise various issues such as petroleum prices, farmers agitation, social media rules, disinvestment and unemployment.

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