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CCD News
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By reviving the company founded by her late husband and saving the brand of CCD, Malavika has scripted an incredible success story, which will continue to inspire millions of young Indian entrepreneurs.
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To guarantee that only the highest-quality materials are used in every cup, the company sources its tea and coffee from Assamese gardens.
In May 2019, the company unveiled its first product and agreed to purchase six machines from Ahmedabad-based IT company Einfochips Pvt Ltd.
In September, the second significant contract was secured. There hasn't been any turning back since that time.
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There has been a default of Rs 200 crore on payments of unlisted debt securities.
The default on the payment of interest of the debt securities was Rs 49.02 crore in the quarter, it added.
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Cafe Coffee Day is on the verge of bankruptcy
India's popular hangout chain has a debt of Rs 280 crores
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VG Siddhartha, son-in-law of former Karnataka Chief Minister SM Krishna, was found dead on Wednesday, two days after he went missing mysteriously near Mangaluru in Karnataka.
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Cafe Coffee Day owner, VG Siddhartha who had gone missing was found dead.
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VG Siddhartha was found dead on Wednesday, two days after he went missing mysteriously near Mangaluru in Karnataka.
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VG Siddhartha went missing between 6 pm to 8 pm on Monday night. On Wednesday early morning his body was found floating over the water of Netravati river.
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The 60-year-old went missing near the Ullal bridge across Netravati river on Monday night.
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Siddhartha, 60, went missing since Monday evening (July 28) from the road bridge between Ullal and Mangaluru over the river around 7 pm, as per what his car driver Basavaraj Patil told the police.
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VG Siddhartha, who went missing recently, left a note in which he apologised for being unable to create the right profitable business model. The authenticity of the signature on the note is now under question.
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While VG Siddhartha owns a direct stake of 32.75% in CCD, together with his family he controls 53.93 percent of the coffee-chain.
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Siddhartha's driver Basavaraj Patil had filed a police complaint stating the CCD founder had asked him to stop on a bridge and told him to go ahead while he walked.
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VG Siddhartha went missing near Ullal Bridge across Netravati river in Karnataka's Mangaluru on Monday night.
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In May, he exited from his 20.32 percent holding in Mindtree by selling the entire stake to construction major Larsen and Toubro through a block deal worth around Rs 3,200 crore.
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Shares of popular coffee chain Cafe Coffee Day were down 19.99 percent to Rs 154.05 a piece, touching the 52-week lowest band on Tuesday.
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Café Coffee Day, a part of Coffee Day Global Limited, opened its first cafe in 1996 at Brigade Road in Bangalore and was listed in S&P BSE 500 in 2015.
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Siddhartha is the son-in-law of former Karnataka Chief Minister and senior BJP leader SM Krishna.
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The search and seize operations, which began on September 21, concluded on Sunday evening in the offices of the group involved in coffee, tourism, IT and other areas.
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While visiting the CCD Jaipur outlet on March 12, Arpan Verma shot a video of cockroaches in what he said was the freezer of the outlet.
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