Laxmi Gold Palace launched in Mangalore

safia@coastaldigest.com (CD Network, Photos by Ahmed Anwar )
August 26, 2012

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Mangalore, August 26: The new branch of Lakshmi Gold Palace, a unit of Lakshmi Gold Khazana Pvt Ltd, was launched on Saturday at K S Rao Road, Mangalore.

Inaugurating the outlet, Rajya Sabha member Oscar Fernandes congratulated the proprietor of Lakshmi Gold Palace K P Nanjundi, who is also president of Vishwakarma Samaj.

He said that with launching new outlet in coastal city of Lakshmi Gold Palace also created many job opportunities for the youth.

Deputy Speaker of Karnataka Legislative Assembly N Yogish Bhat, Mangalore MLA U T Khader, Mulki-Moodbidri MLA Abhayachandra Jain, Mangalore North MLA Krishna Palemar, Former MP Vinay Kumar Sorake, Corporation bank chairman Ajaykumar and businessman Ganesh Shetty were present among others.

Earlier, K P Nanjundi, informed 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
March 1,2025

In a move to strengthen the presence of Kannada in industrial and consumer markets, the Karnataka government has made it mandatory for all products manufactured within the state to display their names and usage instructions in Kannada, alongside any other languages.

The directive was formalized through a government circular issued on February 15, extending the requirement to both public and private sector manufacturers, the report added.

Enforcement officers designated under the Kannada Language Comprehensive Development Act, 2022, have been tasked with monitoring compliance.

The government emphasized that language is a reflection of a region’s cultural identity and that Kannada must be actively integrated into production, marketing, and business activities for it to thrive. The circular reiterated that the Act, implemented from March 12, 2024, aims to enhance employment and business opportunities for Kannadigas while ensuring the widespread use of Kannada in daily life.

As per Section 17(7) of the Act, manufacturers selling products within Karnataka must, wherever possible, ensure that product names and instructions are printed in Kannada along with any other language if needed.

This directive comes at a time when debates over language policies are intensifying in Karnataka. Recent discussions around local job quotas and the prominence of Kannada in government and corporate sectors have added to the ongoing discourse on linguistic identity in the state.

On the occasion of Kannada Rajyotsava Day, Karnataka Chief Minister Siddaramaiah had announced that the state government would take steps to ensure Kannada language labels on products manufactured in Karnataka.

Speaking at an event honoring the 69 recipients of this year’s Rajyotsava awards, Siddaramaiah emphasized the importance of creating an environment that encourages the daily use and learning of Kannada.

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Agencies
March 10,2025

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Kannada actor Harshavardhini Ranya – also known as Ranya Rao, arrested for smuggling gold from Dubai – was allotted land to set up a steel plant by the previous Karnataka government in February 2023, said the Karnataka Industrial Area Development Board (KIADB) said on Sunday.

Ranya Rao was found to be in possession of gold bars worth ₹12.56 crore at the Kempegowda International Airport in Bengaluru. Searches were also conducted at her residence, and gold jewellery worth ₹2.06 crore and Indian currency amounting to ₹2.67 crore were seized, the Directorate of Revenue Intelligence had said on Wednesday.

Ranya is the stepdaughter of DGP-rank senior IPS officer Ramachandra Rao.

The KIADB's statement comes after reports claimed that a company linked to Ranya Rao was allotted 12 acres of industrial land by the board in 2023.

The office of the minister for medium and large industries MB Patil shared the government's final notification issued on February 22, 2023, regarding the allocation of land to Ranya Rao's firm Ksiroda India at the Sira Industrial Area in the Tumakuru district, news agency PTI reported.

The Congress came to power after defeating the Basavaraj Bommai-led Bharatiya Janata Party in the Karnataka assembly election in May 2023.

The proceedings of the Karnataka government, shared by the minister's office, said, "Approval to the proposal of M/s Ksiroda India Private Limited to establish a unit for manufacture of 'steel products - TMT bars, rods and allied products' at Sira Industrial Area, Tumakuru district.

"The government is pleased to accord in-principle approval to the investment proposal of ₹138 crore, generating employment to about 160 persons with the following infrastructure assistances, incentives and concessions," it said.

In a press release issued by MB Patil's office, the KIADB said the allotment to the company linked to Ranjya Rao was done in January 2023.

KIADB CEO Mahesh said on Sunday Ksiroda India was allotted 12 acres of land on January 2, 2023, by the previous government, referring to the BJP, the PTI report added.

"The land, located in Sira Industrial Area, Tumakuru district, was approved for allotment during the 137th State Level Single Window Clearance Committee (SLSWCC) meeting held on the same day, when the last govt was in power," PTI quoted Mahesh as saying.

According to the KIADB press release, the company had submitted a proposal to set up a manufacturing unit for steel TMT bars, rods, and allied products, with an investment of ₹138 crore. The project was expected to generate approximately 160 jobs.

Ramachandra Rao is currently serving as the chairman and managing director of the Karnataka State Police Housing and Infrastructure Development Corporation Ltd.

The total seizure in the case stood at ₹17.29 crore, including assets worth ₹4.73 crore, marking a significant blow to organised gold smuggling networks.

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News Network
March 10,2025

Many parts of Karnataka, which have been experiencing hot and humid conditions over the past few days, are expected to receive pre-monsoon showers this week.

The India Meteorological Department (IMD) has forecast rainfall over south-interior and coastal Karnataka on March 11 and 12.

According to synoptic observations, an upper air cyclonic circulation lies over the northeast equatorial Indian Ocean and the adjoining southeast Bay of Bengal, extending up to 5.8 km above mean sea level. Additionally, light to moderate southeasterly winds are prevailing over the State at lower tropospheric levels.

As per the forecast, isolated light rain and thundershowers are likely in Kolar, Bengaluru Urban, Bengaluru Rural, Chickballapur, Tumakuru, Ramanagara, Mandya, Mysuru, Chamarajanagar, Kodagu, and Hassan districts in south-interior Karnataka, along with Dakshina Kannada and Udupi in coastal Karnataka on March 11.

On March 12, rainfall activity may extend to Shivamogga and Chikkamagaluru as well. However, dry weather is expected to prevail over the rest of the State.

In Bengaluru, temperatures remained high on Sunday, with the city and Kempegowda International Airport recording a maximum of 34.5°C, while the HAL Airport station reported 34.1°C. The minimum temperatures were recorded at 19.7°C, 18.5°C, and 18°C at these respective stations.

Over the next few days, Bengaluru’s maximum and minimum temperatures are expected to be around 34°C and 20°C. The highest-ever temperature recorded in March was 37.3°C in 1996.

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