Page 66 - Karnataka

Hatsun Agro inaugurates 200th outlet under IBACO brand in Hyderabad

Dairy products maker Hatsun Agro Products has set up its 200th outlet under the premium ice cream brand IBACO in Hyderabad on Wednesday. The store has been set up in Pragathi Nagar, Hyderabad and would offer various flavors including almond crunch, cotton candy, sea salt caramel pecan and Belgian chocolate among others. "IBACO is our brand that started serving ice cream in scoops. We are known for our innovation and out-of-the-box thinking to bring out unique and never tasted before flavours," company chairman RG Chandramogan said. "I am happy that we have reached a milestone with the launch of the 200th outlet," he added. The Chennai-based company has presence in Puducherry, Andhra Pradesh, Telangana, Karnataka, Chhattisgarh, West Bengal, Kerala, Odisha, Goa and Gujarat.

Hi-Tech Pipes Q1 net profit grows around 80% to Rs 8 cr, revenue up 24%

Hi-Tech Pipes has reported around an 80 per cent rise in its net profit to Rs 8.02 crore during the quarter ended June 30, mainly due to higher revenues. It had clocked Rs 4.48 crore net profit during the April-June period of the preceding 2022-23 fiscal, the company said in a statement on Monday. The company's revenue from operations also rose 24 per cent to Rs 642.17 crore in Q1 FY24 from Rs 516.17 crore in the year-ago quarter. Its total sales volumes increased to 84.5 thousand tonnes over 70 thousand tonnes in Q1FY23. "The company has registered sales volume growth of 21 per cent. This volume growth has been majorly contributed by increased sales of value-added products like GP coils, colour-coated coils and sheets. The company is well positioned in this market segment," Ajay Kumar Bansal, Chairman and Managing Director, Hi-Tech Pipes, said. On business updates, he said the greenfield facility of large diameter pipes at Makhiyav, Sanand in Gujarat, is expected to start commerc

Review current parameters for declaring drought: Karnataka CM to Centre

Karnataka Chief Minister Siddaramaiah has written to the union government to review the current parameters for a state to declare drought and consider amending it, to establish a more responsive framework that acknowledges the realities of each state and offers timely assistance to the farmers in particular. In the backdrop of deficient Southwest Monsoon rains received in Karnataka, the chief minister has written Union Agriculture Minister Narendra Singh Tomar, concerning the "stringent" parameters prescribed in the 'Manual for Drought Management-2016', as updated in 2020 for the declaration of drought by state governments. "In the current Southwest Monsoon season, Karnataka has recorded 234 mm as against a normal rainfall of 336 mm, with 34 per cent deficiency. This was also in the backdrop of delayed arrival of the monsoon and a deficit of 56 per cent in June due to weak monsoon," Siddaramaiah said, adding that throughout this season, the rainfall distribution and intensity has ..

Karnataka Research Foundation to be set up for R-D in startups: Minister

Karnataka Minister N S Boseraju on Saturday said a state-level research foundation will be formed to conduct research and development in startups and industries. Speaking at the valedictory session of the Indian StartUp Festival-2023 at Sathya Sai Village here, Boseraju said it is imperative for constant research and development in the field of science and technology that is fundamental to the startup ecosystem. "Our government is taking all necessary steps to create an enabling atmosphere including scientific temperament in the process of learning. We have also focused on protecting ecology and environment as well as ensure a robust economy," said the minister, who holds the Science and Technology and Minor Irrigation departments. Stating that Bengaluru is rightly described as the startup capital of the country, Boseraju said the government has created an enabling atmosphere in terms of infrastructure because of which a number of startup industries are coming up in a big way. "In

Karnataka High Court stays order imposing Rs 50 lakh fine on X Corp

A division bench of the High Court of Karnataka on Thursday stayed a single judge bench order that had imposed a cost of Rs 50 lakh on X Corp (formerly Twitter) for not complying with IT Ministry orders -- subject to the company depositing 50 per cent of the amount (Rs 25 lakh) within one week. The deposit is for X Corp to show its bonafides, the court said. The order of the single judge who had directed X Corp to deposit Rs 50 lakh by August 14 will be stayed till the next date of hearing. As such, on deposit of Rs 25 lakh, the order of the single judge bench is stayed until the next hearing date, the HC said. The division bench comprising Chief Justice Prasanna B Varale and Justice MGS Kamal was hearing a petition by the micro-blogging site against the order of Justice Krishna S Dixit which had dismissed its petition challenging the take-down orders on tweets (posts), URLs and hashtags. The single judge bench had also imposed a cost on the company in its judgment on June 30. On .

Congress manifesto likely to cite state govts' measures for gig workers

Party governments in Karnataka and Rajasthan have introduced social security measures for such workers

Kannada actor Vijay Raghavendra's wife Spandana dies of Cardiac arrest

Well known Sandalwood entertainer and one of the judges of Dance Karnataka Dance Vijay Raghavendra's wife Spandana died in Bangkok post experiencing an unexpected heart attack today

'Gruha Jyothi' to benefit 315,000 people in Udupi alone: Karnataka minister

The 'Gruha Jyothi' free electricity scheme of the Karnataka government will benefit over 3.15 lakh people in Udupi district alone, Minister for Women and Child Development Laxmi Hebbalkar has said. A total of 1.42 crore consumers in the state will be benefitted by the scheme that provides 200 units of free power to consumers, Hebbalkar said speaking after launching the district-level programme of the scheme at Kunjibettu in Udupi district on Saturday. The Minister, who is Udupi district in-charge, said the 'Anna Bhagya' food grains scheme launched by the government is already providing 10 kg of rice free to 1.28 crore families in the state. She said 30 crore women have already utilised the government's 'Shakti' scheme that offers free travel for women in the state. Through the direct benefit transfer (DBT) 'Gruha Lakshmi' scheme, Rs 2,000 each will be distributed every month to housewives. One crore women have already registered for the scheme so far, the Minister said. Hebbalkar s

We could have shown truth of Kejriwal's governance to K'taka minister: Cong

As the war of words between the AAP and the Congress over 'mohalla clinics' in Delhi hots up, Congress leader Sandeep Dikshit on Saturday said he could have shown the real truth of Arvind Kejriwal's governance to visiting Karnataka minister Dinesh Gundu Rao. Dikshit's remarks come in the wake of Rao calling the mohalla clinics run by the Aam Aadmi Party (AAP) "overhyped" and that he was left "disappointed" after a visit to one such facility. Taking to social media, Dikshit tweeted, Wish you'd met us also Dinesh Gundu Rao - would have shown real truth of Arvind Kejriwal's education, health, finance, environment, water, roads, buses, infra, rampant corruption. Perhaps you could have conveyed this to his new drum beaters in Congress. Hours after praising the AAP government's mohalla clinic initiative, the Karnataka health minister on Friday said it was "overhyped" and that he was left "disappointed" after visiting it. The AAP, in a statement, alleged that Rao received a phone call aft

Karnataka CM taking entire cabinet to Delhi is 'undemocratic': BJP

Opposition BJP in Karnataka on Thursday took strong exception to Chief Minister Siddaramaiah for taking his "entire cabinet" to New Delhi, before the Congress high command, terming it "unprecedented" and "undemocratic", and insult to the people of the state, who have elected this government with a huge majority. Questioning whether the cabinet is reporting to Congress high command, senior BJP leader and former Chief Minister Basavaraj Bommai alleged that Siddaramiah is a weak leader, compared to his earlier stint as the Chief Minister. "Siddaramaiah taking his entire cabinet to Delhi is unprecedented. Never in the history of Karnataka politics, a Chief Minister has taken his entire cabinet to the party high command," he said. Speaking to reporters here, he questioned whether the cabinet is reporting to Congress high command. The cabinet is supreme in the state's administrative system and that supremacy has been "pleaded" before the Central leadership. Noting that Congress general .

We know BJP's hidden agenda: Karnataka CM Siddaramaiah after Congress meet

This came after the Karnataka Congress leaders had a meeting with party chief Mallikarjun Kharge and Rahul Gandhi here on Wednesday over preparations for the upcoming Lok Sabha election

Foxconn to invest $600 mn in Karnataka for components, chipmaking machinery

The world's largest contract manufacturer will also invest $250 million in a second plant where it aims to produce chipmaking tools in partnership with Applied Materials

Twitter files appeal in Karnataka HC against order dismissing its plea

Microblogging site Twitter (now X Corp) has approached the High Court of Karnataka against the earlier order of a single judge bench which had dismissed its petition challenging the Centre's blocking orders. The single judge bench of Justice Krishna S Dixit had also imposed a cost of Rs 50 lakh on Twitter in its judgement on June 30. The appeal filed by Twitter will come up before a division bench of the High Court. Twitter's main contention was that Ministry of Electronics and Information Technology (MeiTY) had issued blocking orders under Section 69A of the Information Technology Act without issuing notice to the account holders. The appeal filed on August 1 is yet to be listed for hearing by the High Court. The appeal challenges the imposition of the Rs 50 lakh cost as unjust and excessive and has sought an interim relief of keeping it in suspension. Twitter was ordered to pay the fine within August 14 by the single judge bench. The order had also specified that if Twitter fai

Karnataka govt, Foxconn sign Letter of Intent for two marquee projects

The Karnataka government on Wednesday said it has signed a Letter of Intent (LoI) with Foxconn, a major iPhone assembler for tech giant Apple, to undertake two marquee projects in the state with an estimated investment worth Rs 5,000 crore. The projects would create employment opportunities for 13,000 people in the state, it said. The signing ceremony took place between a high-level delegation of the Government of Karnataka and Foxconn in Chennai recently, where Large and Medium Industries and Infrastructure Development Minister M B Patil and Minister for IT and BT, Rural Development and Panchayat Raj Priyank Kharge along with senior officials met Foxconn Chairman Young Liu and other executives of the company. The two projects are: phone enclosure project under which the Foxconn subsidiary plans to invest USD 350 million (Rs 3,000 crore) with employment opportunities for 12,000 people, and semicon equipment project in collaboration with Applied Materials with a projected investment

K'taka Cong leaders to meet party top brass to discuss LS polls' strategy

A team of 50 state Congress leaders and ministers will meet the party leadership in New Delhi on Wednesday to chalk out strategies for the 2024 Lok Sabha polls. AICC President Mallikarjun Kharge, party leader Rahul Gandhi, General Secretaries K C Vengopal and Randeep Singh Surjewala among others are likely to participate in the meeting in the national capital, Deputy Chief Minister D K Shivakumar said on Tuesday. Ahead of leaving for Delhi, the Karnataka Congress president said he will also be meeting few Union ministers to discuss issues and projects related to the state. The meeting with the Congress top brass is seen as significant amid brewing discontent within the ruling party with as many as 30 legislators reportedly having written to Chief Minister Siddaramaiah and the party leadership expressing concern over non-implementation of development works in their constituencies and functioning of certain ministers. "There is a meeting in Delhi tomorrow, today I will be meeting som

Karnataka MLAs' assets more than that of legislators in 21 states: Report

The average assets of a sitting legislator in India is Rs 13.63 crore, says civil society group ADR

K'taka ministers hold talk with Foxconn Chairman on investments in state

Industries Minister M B Patil on Monday said that the Karnataka government had held "fruitful" discussions with Foxconn, a major iPhone assembler for Apple, about intended projects for which the company is keen to invest in the state. Patil, IT/BT Minister Priyanka Kharge and Foxconn Chairman Young Liu were present at the discussions which took place at a private hotel in Chennai, a statement from the Industries Minister's office said. Speaking about the meeting, Patil said that the industrial and investment policies of the state government are conducive to nurturing an ecosystem favouring the growth of industries. Expressing happiness about the discussions, the minister said the talks held with the company chairman were "fruitful". Senior state government officials were also present at the meeting.

SC rejects CBI's plea against stay on probe against K'taka Dy CM Shivakumar

The Supreme Court on Monday refused to interfere with the Karnataka High Court's order granting an interim stay on a CBI probe against the state's Deputy Chief Minister D K Shivakumar in a corruption case. A bench of Justice B R Gavai, Justice C T Ravikumar and Justice Sanjay Kumar dismissed the appeal filed by the Central Bureau of Investigation against the February 10 order of the high court in the case. Additional Solicitor General SV Raju said that the division bench of the high court granted an interim stay on the proceedings despite there being an order in favour of the agency. Senior advocate Abhishek Singhvi, appearing for Shivakumar, said the CBI has filed an appeal against an interim order of the high court but refused to challenge subsequent interim orders passed by the division bench of the high court. The Supreme Court bench then said it is not going to interfere and granted the CBI liberty to request the high court for speedy disposal of the case before it. On Februa

CM Siddaramaiah to meet Nitin Gadkari regarding Bengaluru-Mysuru Expressway

With accidents on rise on the Bengaluru-Mysuru Expressway, Karnataka Chief Minister Siddaramaiah on Saturday said he would meet Union Minister for Road Transport and Highways Nitin Gadkari and point out the flaws on the expressway and changes to be made. Speaking to reporters after inspecting accident-prone areas of the Expressway near Mandya, Siddaramaiah accused the BJP government of inaugurating it in a hurry ignoring the flaws that was resulting in accidents. "I am going to Delhi and will meet Gadkari and ask him to rectify things (on the Expressway). A proposal for Rs 150.81 crore has been sent to the Centre for improving the service road," the Chief Minister said. According to him, the work will start from November this year. To a question on the alleged toll collection going on at those stretches which are still incomplete, the Chief Minister said the state government had no role to play as it is being done by the National Highway Authority of India (NHAI). "We are not ...

Cong high command to meet Karnataka leaders, ministers in Delhi on Aug 2

The Congress high command has convened two meetings with the party leaders in Karnataka in New Delhi on August 2, apparently to quell the dissidence brewing for some time now, top party sources said. According to sources in the Congress, the first meeting will take place between the party high command and the top Congress leaders in Karnataka. "In that meeting, party president Mallikarjun Kharge, former Congress president Rahul Gandhi, Chief Minister Siddaramaiah, Deputy Chief Minister and state Congress president D K Shivakumar, Law and Parliamentary Affairs Minister H K Patil, general secretaries K C Venugopal and Randeep Singh Surjewala, who is also the Karnataka in-charge and some other top functionaries will take part," a Congress office-bearer told PTI. The second meeting will take place with the Congress ministers where some senior party MLAs may take part, the office-bearer added. The meetings are taking place in the wake of the Congress Legislative Party (CLP) meeting on .