Lakshmi gold palace to launch new outlet in Mangalore on Saturday

[email protected] (CD Network)
August 24, 2012

Gold

Mangalore, August 24: K.P. Nanjundi, proprietor of Lakshmi Gold Palace, Bangalore, announced the opening of a new branch of Lakshmi Gold Khazaanaa Pvt Ltd. in Mangalore on August 25.

Speaking at press conference here on Thursday, he said that it was the fifth branch of the company. In six years, 18 branches will be set up in the State in places like Hubli, Mysore, Mandya, Belgaum, Dharwad, Gadag and Hassan. Two branches in Domlur (Bangalore) and Dharwad are already in the stage of construction and will be ready by December. Over 600 crores of revenue is generated per annum, he said.

He said that he would offer customers in Mangalore Rs. 60 discount per gram of gold. “I will offer lesser rates than the ones that are currently being offered in the existing shops. My only aim is to make it easier for the middle and lower class people to acquire Hallmarked jewellery,” he said.

According to Mr. Nanjundi, the new branch will have three sections – Lakshmi Gold Palace, Silk Palace and Gold Loan. It will be inaugurated by Oscar Fernandes, Rajya Sabha MP, at 12 p.m. at No. 1507/1, K.S. Rao Road, Kodialbail, Mangalore. Dr. G. Parameshwar, President of Karnataka Pradesh Congress Committee, will be the chief guest on the occasion.

There will be around 15,000 sarees on display in the Silk saree section, and gold loans will be provided at 1.25 – 1.75 per cent rate of interest. There is also a facility for customers to have their gold weighed and evaluated, he said.

All employees including the Chief Manager of the branch are from Mangalore, he added.

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News Network
September 27,2020

Mangaluru, Sept 27: The Central Crime Branch (CCB) sleuths, probing the drug menace, arrested one more drug peddler from the city on Sunday.

Police said that the arrested was identified as Mohammed Shakir.

The arrest was made based on the information provided by dancer Kishore Aman Shetty and Aqeel Nausheel (28), who allegedly sold drugs and consumed them.

Actor and TV host Anushree, who appeared before the CBI officials was questioned for nearly four hours on Saturday by a team led by the DCP (Crime and Traffic).

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News Network
September 27,2020

KARNATAKA-FARMERS.jpg

Bengaluru, Sept 27: Monday's Karnataka bandh called to protest anti-farmer and anti-labour bills is expected to be total as farmers associations, trade unions, various rights groups and organisations have come together.

All the associations passed a resolution under the banner of the 'Raita, Karmika, Dalit Aikya Horata' forum, condemning the state government's move to pass the Land Reforms Bill, which they said, would hand over the farmers' rights to the rich and the real estate, and establishes power of corporates over the APMC markets. 

The forum said that Monday's bandh will be the beginning of its fight to prevent the government from implementing the amended laws.

The forum also said that in the coming days, Chief Minister B S Yediyurappa would be gheraoed wherever he is seen. Farmer leader Kodihalli Chandrashekhar, whose faction stayed away from Friday’s road blockage protests, said there was no difference among the factions on Monday's bandh.

"Hundreds of organisations will join hands on Monday to stage the biggest protest. The state will go under voluntary shut down from 6 am to 6 pm. This is a collective decision," he said.

Goods transporters, taxi and auto rickshaw drivers have already announced their support to the bandh. The government will try to keep its services, including banking and transport, running despite the bandh. However, the protest is likely to disrupt them during the course of the day.

What's available: Vegetable, milk, medicine, petrol and diesel and other essential services, including Namma Metro.

Services to be affected: Taxi, auto-rickshaw, BMTC, KSRTC and other transport services.

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News Network
September 16,2020

shira.jpg

Bengaluru, Sept 16: Karnataka Pradesh Congress Committee (KPCC) president DK Shivakumar on Wednesday announced T B Jayachandra as Congress candidate for Sira by-elections.

Talking to media, after a meeting with senior Congress leaders including leader of the opposition Siddaramaiah, he said that Jayachandra's name will be decided in the meeting and same will be forwarded to party high command for its approval.

On the by-elections, the party has discussed with Tumakur leaders and this election will be fight under the leadership of former deputy chief minister DR G Parameshwara.

"Former MLA K N Rajanna will work as co-chairman and election will fight with unity besides the elections work began from today itself," he added.

In the meeting, Dr Parameshwara, working president Saleem Ahmed former minister TB Jayachandra, and former MP S P Muddahanumegowda former MLA KN Rajanna and others.

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