Family, friends bid farewell to V G Siddhartha, the coffee tycoon



The worst fears came true on Wednesday morning when local fishermen found V G Siddhartha, founder of Café Coffee Day, floating in Netravati river, some distance away from the Mangaluru bridge where he was seen last some on Monday night. The coffee tycoon had gone missing Monday evening, after which a massive search operation was launched.
In a note purportedly written by him, Siddhartha had mentioned pressure from business partners and harassment by tax authorities. “I fought for a long time but today I gave up as I could not take any more pressure….’’
Crowds thronged to pay homage to the billionaire entrepreneur at the Wenlock Hospital in Chikkamagaluru, where his body was taken for post-mortem at 8.30 am. The body was taken to Cheekanahalli village (near Chikkamagaluru), where his parents live, and then to the office premises of Amalgamated Bean Coffee, the parent company of CCD, for public viewing.
A voluntary bandh was observed across Chikkamagaluru as commercial establishments shut down in a mark of respect for the business leader. At around 5 pm, the body was moved back to his native village—Cheekanahalli—where the final rites were performed. Read More



Article Source -> Business Standard

Comments

Post a Comment

Popular posts from this blog

Budgeting Myths Busted: 7 Common Misconceptions Revealed

Image
  Creating a budget is one of the best habits that can assist you in managing your finances more effectively. A budget can help you see where your money is going and what you need to do to control your expenses and increase your savings. Moreover, sometimes what not to do is just as important as how to manage your finances. Let’s delve into what a budget is, why it is necessary, and how to create one. Not only that, but we will also discuss 7 common myths about budgets that are prevalent among people. What is a Budget? Money holds significant importance in life, but managing it properly is equally crucial. Sometimes, expenses seem to escalate to the point where it becomes unclear where the money is going. That’s where budgeting comes in! In simple terms, a budget is an estimate of your future income and expenses. You can create it for a month, a year, or for a specific goal. Governments create budgets, companies create budgets, and you can create your own budget, regardles...
Read more

India to test 100-yr-old vaccine on adults as war on Covid-19 hots up

Image
Serum Institute’s recombinant BCG vaccine would be the first vaccine candidate in India to start human trials within the next two weeks. This is to test if the vaccine, administered at birth to Indians to fight tuberculosis, can also boost immunity in adults against the novel coronavirus. If all goes well, the vaccine, which has a proven safety track record, can be in the market by the end of this year. Serum Institute can make 300-400 million doses of this vaccine. The Bacillus Calmette-Gurein (BCG) vaccine named after French microbiologists Albert Calmette and Camille Guérin, is given to infants in India upon birth. Globally, the practice is to administer it to children below one year of age. Read More
Read more

Top 10 best finance movies to binge on your long weekend

Image
  Every cinema enthusiast has a genre of choice. For some it’s action, for others it may be romance, comedy, thriller or even sci-fi. That said, in recent times a new genre of cinema has emerged– one that has all the makings of multi-faceted, tear-jerking potboilers– it’s finance, or financial, white-collar crime to be precise. Each one of us has different learning styles. While some like to do a thorough reading, others like to watch documentaries and movies to learn about the common money mistakes to avoid. This genre is excellent and exciting enough to motivate a majority of viewers to get their finances together. For the rest of us- it’s just pure entertainment. 1.    The Big Short (2015) This movie adaptation of the non-fiction book, ‘The Big Short: Inside the Doomsday Machine’ by Michael Lewis tells the true story of the financial crisis of the U.S. housing market that occurred in 2007-2008 due to subprime mortgages. You don’t know what that is? Well, thanks t...
Read more