Cafe Coffee Day Vg Siddhartha

HD Kumaraswamy, Union Minister for Heavy Industries and Steel, asked Karnataka Deputy Chief Minister DK Shivakumar who is responsible for the Cafe Coffee Day (CCD) founder VG Siddhartha's death.

Karnataka Congress chief DK Shivakumar's daughter today got engaged to the son of coffee baron VG Siddhartha, the founder of Cafe Coffee Day, who died last year. Amartya, the groom-to-be, is also the grandson of former Karnataka Chief Minister and BJP leader SM Krishna.

Coffee Day Enterprises Limited, the owner of India's largest coffee chain, has found that its late founder routed 27 billion rupees ($360 million) out of the company through transactions first revealed in a note found after his suicide last year.

An entity linked to V.G. Siddhartha, the founder of Coffee Day Enterprises Ltd owed the coffee chain 35.35 billion rupees ($472.5 million), an investigation report released by the company showed on Friday.

The rating action follows the delay in debt servicing by CDEL's flagship subsidiary Coffee Day Global Limited and Sical group of companies.

Former CBI official Ashok Kumar Malhotra will investigate the letter that Cafe Coffee Day (CCD) owner VG Siddhartha allegedly wrote to the company's board on July 27, two days before he went missing and was then found dead on July 31, a CCD official said today.

The forensic report on the death of Cafe Coffee Day owner VG Siddhartha corroborates the suicide theory, Mangaluru Police Commissioner P S Harsha said on Monday.

Gangaiah Hegde, father of Cafe Coffee Day founder late VG Siddhartha, passed away following prolonged illness at a Shanthaveri Gopala Gowda hospital on Sunday.

Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.

Almost 36 hours after the Cafe Coffee Day owner went missing, the police recovered his body from the Netravathi river in Karnataka early on July 31.

The issue of entrepreneurs facing tax terrorism - raised first by Cafe Coffee Day promoter VG Siddharth before his death - has now been reinforced by former Infosys director Mohandas Pai and Biocon chief Kiran Mazumdar Shaw.

At 12:37 pm, Cafe Coffee Day shares were locked in the lowest circuit at Rs 99.90 apiece on the BSE.

Reacting to the death of Cafe Coffee Day founder VG Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked down upon.

The popular retail chain Cafe Coffee Day (CCD) outlets were reopened in Karnataka on Thursday after a two-day shut down across the state, in memory of its founder-owner VG Siddhartha.

A police team has been constituted to probe the death of Cafe Coffee Day founder VG Siddhartha, Mangaluru police commissioner Sandeep Patil said on Thursday.

HD Kumaraswamy, Union Minister for Heavy Industries and Steel, asked Karnataka Deputy Chief Minister DK Shivakumar who is responsible for the Cafe Coffee Day (CCD) founder VG Siddhartha's death.

Karnataka Congress chief DK Shivakumar's daughter today got engaged to the son of coffee baron VG Siddhartha, the founder of Cafe Coffee Day, who died last year. Amartya, the groom-to-be, is also the grandson of former Karnataka Chief Minister and BJP leader SM Krishna.

Coffee Day Enterprises Limited, the owner of India's largest coffee chain, has found that its late founder routed 27 billion rupees ($360 million) out of the company through transactions first revealed in a note found after his suicide last year.

An entity linked to V.G. Siddhartha, the founder of Coffee Day Enterprises Ltd owed the coffee chain 35.35 billion rupees ($472.5 million), an investigation report released by the company showed on Friday.

The rating action follows the delay in debt servicing by CDEL's flagship subsidiary Coffee Day Global Limited and Sical group of companies.

Former CBI official Ashok Kumar Malhotra will investigate the letter that Cafe Coffee Day (CCD) owner VG Siddhartha allegedly wrote to the company's board on July 27, two days before he went missing and was then found dead on July 31, a CCD official said today.

The forensic report on the death of Cafe Coffee Day owner VG Siddhartha corroborates the suicide theory, Mangaluru Police Commissioner P S Harsha said on Monday.

Gangaiah Hegde, father of Cafe Coffee Day founder late VG Siddhartha, passed away following prolonged illness at a Shanthaveri Gopala Gowda hospital on Sunday.

Coffee Day is under pressure to pare borrowings after its founder VG Siddhartha took his own life as debt strains began to emerge in his companies.

Almost 36 hours after the Cafe Coffee Day owner went missing, the police recovered his body from the Netravathi river in Karnataka early on July 31.

The issue of entrepreneurs facing tax terrorism - raised first by Cafe Coffee Day promoter VG Siddharth before his death - has now been reinforced by former Infosys director Mohandas Pai and Biocon chief Kiran Mazumdar Shaw.

At 12:37 pm, Cafe Coffee Day shares were locked in the lowest circuit at Rs 99.90 apiece on the BSE.

Reacting to the death of Cafe Coffee Day founder VG Siddhartha, Finance Minister Nirmala Sitharaman on Thursday said business failures in the country should not be tabooed, or looked down upon.

The popular retail chain Cafe Coffee Day (CCD) outlets were reopened in Karnataka on Thursday after a two-day shut down across the state, in memory of its founder-owner VG Siddhartha.

A police team has been constituted to probe the death of Cafe Coffee Day founder VG Siddhartha, Mangaluru police commissioner Sandeep Patil said on Thursday.