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<ul><li>VG Siddhartha is reportedly missing near Netravati River in Mangalore since Monday night.</li><li>The development came in after the Mangalore City Police started a search operation at 9 pm to look for a man who might have jumped off a kilometer-long bridge in Ullal.</li><li>Siddhartha reportedly faced a cash crunch earlier this year after the default by infrastructure lending giant IL&amp;FS, which forced him to sell stake in the IT firm <keyword id="6357902" type="COMPANY" weightage="20" keywordseo="mindtree">Mindtree</keyword>.</li></ul><keyword id="46195" type="COMPANY" weightage="20" keywordseo="Cafe-Coffee-Day">Cafe Coffee Day</keyword> founder and son-in-law of ex-Karnataka Chief Minister SM Krishna, VG Siddhartha , is reportedly missing near Netravati River in Mangaluru since Monday night. Police says, his phone is switched off, the Times of India <a href="https://timesofindia.indiatimes.com/city/mangaluru/ccd-coffee-day-founder-v-g-siddhartha-missing/articleshow/70442484.cms">reported</a>. The development came in after the Mangalore City Police started a search operation at 9 pm to look for a man who might have jumped off a kilometer-long bridge in Ullal. According to the report, Siddhartha may be the missing 'man' since he reached Mangaluru at 8 pm in his SUV and ask the driver to drop him at the bridge in Ullal. The 58-year-old entrepreneur was in talks with Coca-Cola to sell considerable stake in his coffee chain. The deal was <a href="https://www.businesstoday.in/current/corporate/coca-cola-coke-cafe-coffee-day-ccd-stake-sale-beverage-maker-indias-largest-coffee-chain/story/359387.html">supposed to be closed</a> by the end of March 2020. VG Siddhartha came from a coffee-growing family, which owned 15,000 acres of coffee estate in <keyword id="57240" type="CITY" weightage="20" keywordseo="Chikmagalur">Chikmagalur</keyword> in <keyword id="6354780" type="ENTERTAINMENT" weightage="20" keywordseo="Karnataka">Karnataka</keyword>. He launched the first Cafe Coffee Day (CCD) outlet on <keyword id="18382" type="ORGANIZATION" weightage="20" keywordseo="brigade-road">Brigade Road</keyword> in Bengaluru. The chain currently has 1,750 outlets and over 60,000 vending machines spread over Nepal, Malaysia, Czech Republic, and Egypt, <a href="http://www.coffeeday.com/PDF/Coffee_Day_Annual_report_2018.pdf">aside from 245 cities in India. </a> The coffee baron had reportedly been <a href="https://www.livemint.com/companies/news/why-v-g-siddhartha-went-with-l-t-ignoring-mindtree-promoters-1553710517498.html">cornered by a cash crunch</a> after the default by infrastructure lending giant IL&amp;FS triggered a liquidity crisis in the country. Siddhartha had to sell his 20.4% stake in the IT firm Mindtree to L&amp;T against the wishes of Mindtree’s founders who Siddhartha had backed since 1999. SEE ALSO: <a href="https://www.businessinsider.in/lt-has-51-8-stake-in-mindtree-after-open-offer/articleshow/69960033.cms">L&amp;T takes over Mindtree in Indian IT’s first-ever hostile acquisition</a> <a href="https://www.businessinsider.in/mindtree-takeover-battle-lt-deals-the-first-blow-buying-coffee-baron-vg-siddharthas-stake/articleshow/68475544.cms">Mindtree takeover battle: L&amp;T deals the first blow buying coffee baron VG Siddhartha's stak</a>e

Coffee baron VG Siddhartha, the founder of India's iconic chain Cafe Coffee Day, is missing

If you're a salaried employee or a business owner who can't leave for a trip whenever you want and need to plan ahead, August is a great time for a vacation. In <keyword id="21604710" type="General" weightage="20" keywordseo="August-2024" source="keywords">August 2024</keyword>, there are some exciting long weekends thanks to holidays like Independence Day, Raksha Bandhan, and Janmashtami. This means it's a perfect time for you to plan a trip! If you plan your leave carefully, you can get up to five days off in a row. We're here to help you plan your August holidays and suggest some great travel options. We'll tell you about the top destinations you can visit near <keyword id="66" type="General" weightage="20" keywordseo="Delhi" source="Orion">Delhi</keyword>, <keyword id="6358070" type="General" weightage="20" keywordseo="Mumbai" source="Orion">Mumbai</keyword>, and <keyword id="6354321" type="General" weightage="20" keywordseo="Bengaluru" source="Orion">Bengaluru</keyword> during these long weekends. <h2>Here's a breakdown of the long weekends in August:</h2> <div type="image" title="Calender" msid="112289713" hostid="261" sizebytes="143659" caption="&amp;lt;p&amp;gt;Breakdown of the long weekends in August 2024.&amp;lt;/p&amp;gt;"></div> Now, let's look at great places to visit near Delhi, Mumbai, and Bengaluru during these weekends. <h3>Near Delhi:</h3>Jaisalmer, Rajasthan Known as the "Golden City," Jaisalmer is famous for its stunning sandstone architecture and desert landscapes. Explore the Jaisalmer Fort, Patwon Ki Haveli, and the picturesque Sam Sand Dunes, where you can enjoy a camel safari and witness a beautiful sunset. Munsyari, Uttarakhand A hidden gem in the Kumaon region, Munsyari offers breathtaking views of the Himalayan peaks. It's a paradise for trekkers, with routes like the Milam Glacier and Khaliya Top. The quaint village atmosphere and stunning natural beauty make it a perfect escape. Pushkar, Rajasthan A small town known for its sacred Pushkar Lake and the famous Brahma Temple, Pushkar is a spiritual and cultural destination. The vibrant Pushkar Bazaar is great for shopping, and if you're visiting in November, don't miss the famous Pushkar Camel Fair. <h2>Near Mumbai:</h2>Goa A popular beach destination, Goa offers a mix of sun, sand, and vibrant nightlife. Visit the beautiful beaches of Baga, Anjuna, and Palolem, explore historic churches like the Basilica of Bom Jesus, and enjoy water sports. Goa's rich Portuguese heritage and delicious seafood are added attractions. <div type="Article" hostid="261" msid="109562865" title="Things to do in Goa in monsoon to make the most out of your trip" mstype="2" mssubtype="0"></div>Alibaug A coastal town with beautiful beaches, Alibaug is ideal for a relaxing weekend. You can visit Kolaba Fort, enjoy water sports, or just unwind at the various beaches like Alibaug Beach and Nagaon Beach. Matheran A charming hill station free of vehicles, Matheran offers peaceful walks through nature. The views from Panorama Point and Charlotte Lake are breathtaking. You can also explore the many viewpoints that offer stunning landscapes. <h2>Near Bengaluru:</h2>Hampi, Karnataka: A UNESCO World Heritage site, Hampi is renowned for its ancient ruins and temples from the Vijayanagara Empire. Explore the Virupaksha Temple, Vittala Temple with its iconic stone chariot, and the Hampi Bazaar. The landscape of giant boulders and ancient structures makes Hampi a unique and fascinating destination. Chikmagalur: A paradise for coffee lovers, Chikmagalur is a hill station surrounded by coffee plantations. You can trek to Mullayanagiri, the highest peak in Karnataka, visit the serene Hebbe Falls, and explore ancient temples. Mysuru: A city rich in history and culture, Mysuru is famous for its magnificent Mysore Palace. You can also visit Chamundi Hill, St. Philomena's Church, and the vibrant Devaraja Market. The Mysore Zoo and Brindavan Gardens are other popular attractions. SEE ALSO: <a href="https://www.businessinsider.in/travel/india/webstories/10-most-beautiful-hill-stations-to-visit-in-north-india-this-august/slidelist/112213767.cms" data-type="tilCustomLink" target="_blank">10 most beautiful hill stations to visit in North India this August</a>

Plan the perfect August 2024 long weekend: Getaways from Delhi, Mumbai, and Bengaluru

<ul><li>OYO recently released its summer booking trends report. </li><li>Goa, Delhi and Bengaluru top the most booked destinations through the platform. </li><li>OYO saw a 119% increase in bookings from 2018.</li></ul>Vacation starved Indians are definitely not scrimping on the traditional summer family holiday. OYO Hotels says that its bookings went up by 119% this year, as compared to the last. And what’s more, a hotel room is booked every half a second, on the site. As per the summer hotel booking trends released by the company, most of the bookings came from Goa, Delhi and Bengaluru. But a lot of offbeat destinations too made it to the list like Chail, Almora, Alwar, Chikmagalur, Coorg, and Yercaud. In fact, Coorg saw 159% increase (as compared to 2018) in bookings with most of the traction coming from Bengaluru, located closeby. 

 
 <div type="image" title="Delhi (2)" msid="69230144" hostid="261"></div>

Summer holidays are here and here's where Indians are headed

Karnataka has 28 parliamentary seats in total to give the parties contesting in the Lok Sabha elections. According to the announcement by the Election Commission of India, the state will go for polling in two phases for its different constituencies. The polling dates for the state are April 18 and April 23. Names of Constituencies in Karnataka The list of 28 Lok Sabha constituencies in Karnataka includes Udupi, Chikmagalur, Hassan, Dakshina Kannada, Chitradurga, Tumkur, Mandya, Mysore, Chamarajanagar, Bangalore Rural, Bangalore North, Bangalore Central, Bangalore South, Chikkballapur, Kolar, Chikkodi, Belgaum, Bagalkot, Bijapur, Gulbarga, Raichur, Bidar, Koppal, Bellary, Haveri, Dharwad, Uttara Kannada, Davanagere, and Shimoga. The present status of constituencies in in Karnataka In 2009 elections BJP won from 19 constituencies in Karnataka leaving 6 seats for the Congress and 3 seats for the Janata Dal (Secular). While the BJP fared much better in 2014 general elections in other states when compared to how it did in 2009, Karnataka elected the party only from 17 constituencies making it lose 2 of its positions in the state. On the other hand, the Congress showed an improvement by winning from 9 constituencies. The BJP is now working forward vigorously to capture as many seats in the state as possible. May 23 will let us know how the party fares in the state during 2014 elections.

Lok Sabha Seats in Karnataka in Election 2019

The dates of Lok Sabha Elections 2019 were declared by the Election Commission of India on March 10, 2019. The polling for the said elections will happen in 7 phases across the country according to the Commission’s announcement. The start date of polling is April 11 and the last phase of polling will happen on May 19, 2019. The counting will happen on May 23, 2019 and the results will be out on the same day before evening. Karnataka will vote to elect its members of parliament during the 2nd and 3rd phases of polling on April 18 and April 23 respectively. Constituency wise dates of polling in Karnataka Phase -2 of <keyword id="4577611" type="PERSON" weightage="20" keywordseo="lok-sabha-election-2019">Lok Sabha Election 2019</keyword> (Date of polling: April 18, 2019) Constituencies: Udupi Chikmagalur, Hassan, Dakshina Kannada, Chitradurga, Tumkur, Mandya, Mysore, Chamarajanagar, Bangalore Rural, Bangalore North, Bangalore Central, Bangalore South, Chikkballapur, and Kolar Phase -3 Lok Sabha Election 2019 (Date of polling: April 23, 2019) Constituencies: Chikkodi, Belgaum, Bagalkot, Bijapur, Gulbarga, Raichur, Bidar, Koppal, Bellary, Haveri, Dharwad, Uttara Kannada, Davanagere, and Shimoga 2014 Lok Sabha Election results in Karnataka While the state elected its MPs from its 28 constituencies during 2014 Lok Sabha Elections, Karnataka gave a thumping victory to the BJP by making it win 17 seats. The Congress bagged 9 seats and Janata Dal (Secular) got 2 seats. Election Commission’s announcement The election commission has warned the electors not to believe the fake news being circulated in the social media that the voters possessing a valid India passport can cast their votes online. It has said there is no online voting provision for any class of voters.

Lok Sabha Election 2019: Polling date For Karnataka

Election 2019 Janata dal secular candidates list for Karnataka

Election 2019: Congress candidates list for Karnataka

<ul><li>Covid-19 has changed the way we buy, it has changed the reasons we buy certain products and brands too. There is an increasing focus on brands that are sourcing locally, helping the community and are transparent about everything that goes into making them.</li><li>Also, brands that are trying to help the environment, are sustainable are finding more and more takers, according to a recent study by <keyword id="172902" type="COMPANY" weightage="20" keywordseo="Mintel">Mintel</keyword>.</li><li>We look at this trend of an increased focus on <keyword id="9220437" type="UNKNOWN" weightage="20" keywordseo="localism">localism</keyword> and talk to a few brands that are gaining from it.</li></ul>Covid-19 has brought about a huge change in how and what we consume. Over the past one and a half years, people have become more and more conscious about where their products come from, the kind of ingredients that are being used, how closely brands are working with local communities and help benefit them and how serious they are about helping the environment. According to findings of Mintel’s recent ‘Attitudes towards Localism –Indian Consumer – 2021’ reports, consumers have been showing heightened interest in local products due to COVID-19. And no, it is not just Gen Z’s who are giving this trend a push. The pandemic led consumers across all age groups to lean towards traditions in foods, beauty regimes or health and wellness. The study, which took into account opinions of 3000 people across the country states that 39% of people aged 35-44+ expect brands to offer traditional ingredients in packaged formats. The pandemic has heightened concerns around product quality, and 48% of men aged 35+ look for products which offer transparency about use of local ingredients. The study also reveals that there is an increasing affinity for brands that give back to the society and are trying to support communities as 46% of 35-44 year old women are keen on products that support social causes. Moreover, around 45% of Indians switched to buying locally-grown produce since the pandemic, a trend highest among women aged 35-44 (58%). This same group of women also led the switch to buying more organic products. The report suggests that this is an opportunity for local brands to talk about their sustainability efforts by calling out how they source their products and how this impacts the environment. Speaking about some of the key factors that have led to people leaning towards localism, <keyword id="3056481" type="PERSON" weightage="20" keywordseo="Nidhi-Sinha">Nidhi Sinha</keyword>, Head of Content, Mintel Indian Consumer said, “The pandemic paved the way for local products to come to the fore. With challenges in the supply chain coupled with the need for familiarity, consumers increasingly took to local products. With the health halo at its pinnacle, people were inherently looking to increase their immunity, improve their health and also deal with mental health issues. The answer to these was in the usage of traditional, ayurvedic ingredients like giloy, ashwagandha and so on. “Another sentiment which led to consumers leaning to the localism pillar is the fact that these products help local communities. As people struggled to meet ends due to the imposed lockdown restrictions, consumption of local produce helped consumers to pass on benefits to local artisans, farmers and communities. 34% of consumers prefer products that support local communities. Technology enabled small time local setups to reach consumers. Usage of apps like WhatsApp, Instagram and Facebook helped connect consumers to producers thus making concepts like farm-to-fork easy to take to.” The need for comfort and familiarity has been one of the biggest factors in this trend. “With 37% of consumers looking for products that are aligned to local culture, consumers have been seeking familiarity and comfort especially in these tough times. The launch of products like thandai from paper boat and ubtan from Mama Earth are proof of how consumers look for familiarity in line with a global consumer trend of Culturally Connected,” shared Sinha. While Indians have been increasingly focusing on health for the past few years, the pandemic just gave this trend the right push. “Around 43% of consumers today expect products to have ingredients which provide added benefits. Also, the affinity towards online shopping as well as better last-mile-delivery means that traditional setups can reach consumers, thus, making local products easy to use,” added Sinha. <keyword id="9450009" type="PERSON" weightage="20" keywordseo="wow-skin-science">WOW Skin Science</keyword> is a brand that has witnessed good growth in the past few years. A lot of its growth has come on the back of its usage of natural ingredients in its products. It has also been actively working on making its products and packaging more eco-friendly. On whether its focus on local ingredients has helped it attract consumers, <keyword id="4759349" type="PERSON" weightage="20" keywordseo="manish-chowdhary">Manish Chowdhary</keyword>, Co founder, WOW Skin Science said, “There has been a greater preference for natural plant-based local products in recent times. Using high-quality local ingredients has been one of the factors responsible for our growth. Our product formulations are nature-inspired, science-backed and safety-tested, sourcing the best ingredients to create effective products that are also affordable. We’re completely transparent about the ingredients that go into our products and we stay true to our claim of being paraben, sulphate and silicone-free.” Just 7-years-old, this year, the brand aims to achieve revenues of around Rs 800 crore. Even when it comes to brands selling home décor, people are leaning towards brands that are intrinsically Indian, in terms of its designs and offerings. “We not only engage in sourcing our materials locally but also are actively collaborating with local artisans to introduce traditional arts and craft forms into the mainstream market. This includes products in our home décor and accessories range along with the addition of beautiful face masks made of Maheshwari fabric. As a brand that respects the value of tradition and heritage, we felt that this pivoting was a necessary step to keep our traditional crafts alive during the COVID-19 crisis. This range garnered quite a lot of attention, in fact, we sold out the range within a week of its launch and have placed repeat orders with these artisans for the products,” said <keyword id="3212292" type="PERSON" weightage="20" keywordseo="Krsnaa-Mehta">Krsnaa Mehta</keyword>, Founder &amp; Executive Director at <keyword id="3212293" type="PERSON" weightage="20" keywordseo="India-Circus">India Circus</keyword>. The brand has witnessed over 2x growth over last year with products in decor and dining categories leading the chart. For <keyword id="9095287" type="UNKNOWN" weightage="20" keywordseo="slay-coffee">SLAY Coffee</keyword>, that sources its beans from the mountains of Chikmagalur, growth was consistent through the pandemic. “In the context of the pandemic, consumers are increasingly preferring brands that they can trust where the experience is consistent, predictable, and of course safe. While there has been an increase in the number of ‘Made in India’ labels, Indian customers are witnessing a more subtle and a good change. Likewise, we are giving our customers products that are not just made in India but that are made for India. The pandemic outbreak has left a significant impact on the export and import industry. Amidst the labels like ‘Made in India’, we've been seeing a lot of domestic commodities and local manufacturers come into the light and such initiatives are producing profitable results and this is also good for boosting the Indian economy,” shared <keyword id="2754555" type="PERSON" weightage="20" keywordseo="Chaitanya-Chitta">Chaitanya Chitta</keyword>, CEO &amp; Co-founder, SLAY COFFEE. Whether this trend is here to stay, only time will tell. But for now, it is refreshing to see more and more brands listen to their consumers and offer them exactly what they have been wishing for.

Indian consumers are increasingly buying local products, brands that help benefit local communities and economies and focus on environmental issues after Covid-19

<ul><li>Shares of Cafe Coffee Day running 20% down, to trade at ₹154.05 ever since <keyword id="808597" type="COMPANY" weightage="20" keywordseo="VG-Siddhartha">VG Siddhartha</keyword>, the founder, and CEO went missing. </li><li>The value of all outstanding shares is down by nearly ₹800 crore. </li><li>The company’s total debt at the end of March 2019 was ₹6,547 crore. </li></ul>Shares of Cafe Coffee Day <a href="https://www.bseindia.com/stock-share-price/coffee-day-enterprises-ltd/coffeeday/539436/">running 20% down, to trade at ₹154.05</a> ever since VG Siddhartha, the founder, and CEO of the company went missing. The value of all outstanding shares is down by nearly ₹800 crore. The <a href="https://www.business-standard.com/article/companies/coca-cola-in-talks-to-pick-stake-in-cafe-coffee-day-after-pocketing-costa-119062700063_1.html">company's market capitalisation was less than half of the total debt</a> of ₹6,547 crore at the end of March 2019. "This is to inform you that, Mr. V G Siddhartha, Chairman and Managing Director of Coffee Day Enterprises Limited is not reachable since yesterday evening, " <a href="https://www.bseindia.com/corporates/anndet_new.aspx?newsid=ace305f9-bdb6-452c-a07f-8a8f133606ea">read a </a>statement on BSE. The company further assured that they are taking the help of the concerned authorities to find the Siddhartha. CCD also said the company would continue to run by the leadership team. The Mangaluru Police suspect that the coffee baron may have jumped off the Ullal bridge on Monday night. The news agency, ANI, also posted the last letter allegedly written by VG Siddhartha addressing his employees. See also: <a href="https://www.businessinsider.in/business/cafe-coffee-day-founder-vg-siddhartha-letter-to-board-of-directors/articleshow/70443951.cms">Full text of the letter written by Cafe Coffee Day founder VG Siddhartha before he went missing</a> Mangaluru City Police started a search operation at 9 pm to look for a man who might have jumped off a kilometer-long bridge in Ullal. According to the report, Siddhartha may be the missing 'man' since he reached Mangaluru at 8 pm in his SUV and ask the driver to drop him at the bridge in Ullal. VG Siddhartha came from a coffee-growing family, which owned 15,000 acres of coffee estate in Chikmagalur in Karnataka. He launched the first Cafe Coffee Day (CCD) outlet on <keyword id="18382" type="ORGANIZATION" weightage="20" keywordseo="brigade-road">Brigade Road</keyword> in Bengaluru. The chain currently has 1,750 outlets and over 60,000 vending machines spread over Nepal, Malaysia, Czech Republic, and Egypt, <a href="http://www.coffeeday.com/PDF/Coffee_Day_Annual_report_2018.pdf">aside from 245 cities in India. </a> The 58-year-old entrepreneur was in talks with Coca-Cola to sell considerable stake in his coffee chain. The deal was <a href="https://www.businesstoday.in/current/corporate/coca-cola-coke-cafe-coffee-day-ccd-stake-sale-beverage-maker-indias-largest-coffee-chain/story/359387.html">supposed to be closed</a> by the end of March 2020. The coffee baron had reportedly been <a href="https://www.livemint.com/companies/news/why-v-g-siddhartha-went-with-l-t-ignoring-mindtree-promoters-1553710517498.html">cornered by a cash crunch</a> after the default by infrastructure lending giant IL&amp;FS triggered a liquidity crisis in the country. Siddhartha had to sell his 20.4% stake in the IT firm <keyword id="6357902" type="COMPANY" weightage="20" keywordseo="mindtree">Mindtree</keyword> to L&amp;T against the wishes of Mindtree’s founders who Siddhartha had backed since 1999. (Correction: The market cap loss wrongly pegged at ₹8000 crore earlier has been corrected to ₹800 crore) See also: <a href="https://www.businessinsider.in/vg-siddhartha-founder-of-cafe-coffee-day-and-son-in-law-of-ex-karnataka-cm-sm-krishna-is-missing/articleshow/70443830.cms">Coffee baron VG Siddhartha, the founder of India's iconic chain Cafe Coffee Day, is missing</a>

Cafe Coffee Day shares have lost ₹800 crore in value after founder VG Siddhartha goes missing

Want to rush up your adrenaline this holiday season but confused about the choices? There are surprises in every state and every peak in India. Here is a list of the best trekking places in India which holds the promises of a thrilling experience of a lifetime.

	 
	 
	 
	<keyword id="223489" type="COMPANY" weightage="100" keywordseo="Siang">Siang</keyword> Valley- The trek through the valley of Arunachal Pradeshis a moderate trek that promises an experience of lush greeneries, rugged trails and enthralling passes.
 

	 
	 
	Dudhsagar Falls- <keyword id="826" type="CITY" weightage="100" keywordseo="Goa">Goa</keyword> is not only about beaches and water sports. Dudhsagar falls gives a mesmerising view to the visitors and if you are willing to trek through its tough trails, it will lead to to the bottom of the falls. 

	 
	 
	<keyword id="3099125" type="UNKNOWN" weightage="100" keywordseo="Borasu">Borasu</keyword> Pass- If you are the one who is always up for the surprises of rigorous climbing, ardent weather and challenging rugged trails, this is the one for you.
 

	 
	 
	Snow Leopard- This trek takes you through the wilds of the Hemis National Park, through rough terrains, by the mighty <keyword id="52569" type="CITY" weightage="100" keywordseo="himalayas">Himalayas</keyword> and to a road less travelled. 

	 
	 
	Kudremuh Peak- Chikmagalur in Karnataka is known for its gift of adventures to the crazy travellers. Kudremuh, or horse shaped peak is the star attraction of Chikmagalur with its trail of easy to difficult treks.

	 
	 
	(Iviareal-luxe, thrillophilia)

5 best treks to do this holiday season

On a recent tour to <keyword id="6363217" type="CITY" weightage="20" keywordseo="Coorg">Coorg</keyword>, Karnataka, I stumbled upon a hotel- experience like no other. 
 
I didn’t realize how tailor made are hotels until I stumbled upon two bungalows in Coorg that are over 140 years old. 
 
<a href="http://www.businessinsider.in/bi-investigation-business-models-akin-to-amazon-and-ubers-arent-working-for-indian-startups/articleshow/57287190.cms">ALSO READ: BI Investigation: Business models akin to Amazon and Uber’s aren’t working for Indian startups</a> 
​ Constructed by the Britishers, these bungalows are now a <keyword id="176328" type="COMPANY" weightage="100" keywordseo="Tata-Coffee">Tata Coffee</keyword> property under the name 'Plantation Trails’, offering unique Heritage and Luxury Bungalows in the Coorg and Chikmagalur areas. 
 
<a href="http://www.businessinsider.in/shervin-pishevar-talks-about-indian-startups-and-hyperloop-one-which-propel-india-to-become-the-next-superpower/articleshow/57428216.cms">ALSO READ: Shervin Pishevar talks about Indian startups and Hyperloop One, which can propel India to become the next superpower</a> 
 
Take a tour inside these picturesque bungalows that will take you back to a simpler life where the only luxury was the freshly made coffee from the plantation surrounding the property.

Here’s my experience at the Tata Coffee Plantation bungalows that are over 140 years old

<ul><li>Coffee baron VG Siddhartha built the iconic chain Cafe Coffee Day in India but the business had come under pressure in recent years.</li><li>The company's net debt was over two and a half times its net worth at the end of March 2019.</li><li>ANI, a news agency, put out a letter allegedly written by the founder VG Siddhartha before went missing on Monday night. </li></ul>The founder of the Cafe Coffee Day chain, VG Siddhartha, has gone missing mysteriously. Reports suggest that the Mangaluru Police suspects that Siddhartha may have jumped off Ullal bridge. VG Siddhartha came from a coffee-growing family, which owned 15,000 acres of coffee estate in Chikmagalur in Karnataka. He launched the first Cafe Coffee Day (CCD) outlet on Brigade Road in Bengaluru in 1996. The chain currently has 1,750 outlets and over 60,000 vending machines spread over Nepal, Malaysia, Czech Republic, and Egypt, <a href="http://www.coffeeday.com/PDF/Coffee_Day_Annual_report_2018.pdf">aside from 245 cities in India. </a> However, the business had come under severe pressure in recent years. The company's net debt was over <a href="https://www.business-standard.com/article/companies/coca-cola-in-talks-to-pick-stake-in-cafe-coffee-day-after-pocketing-costa-119062700063_1.html" data-type="tilCustomLink" target="_blank">two and a half times its net worth</a> at the end of March 2019. A news agency ANI put out a letter, which it said was written by Siddhartha to his employees before he went missing. 
	
	<div type="twitter" handle="ANI" handlename="ANI" image="http://pbs.twimg.com/profile_images/1497864299/ani_mic_logo_normal.jpg" favoritecount="144" retweetcount="94" status="Founder &amp; owner, Cafe Coffee Day (CCD), #VGSiddhartha's letter to employees and board of directors of CCD, states,… https://t.co/LJeAe1sxdR" createdat="1564460286000" id="1156056347328294913"></div>





 Here's the full text off the letter as put out by the agency. To our Board of Directors and Coffee Day Family, After 37 years, with strong commitment to hard work, having directly created 30,000 jobs in our companies and their subsidiaries, as well as another 20,000 jobs in technology company where I have been a large shareholder since its founding, I have failed to create the right profitable business model despite my best efforts. I would like to say I gave it my all. I am very sorry to have let down all the people that put their trust in me. I fought for a very long time but today I gave up as I could not take any more pressure from one of the private equity partners forcing me to buy back shares, a transaction I had partially completed six months ago by borrowing a large sum of money from a friend. Tremendous pressure from other lenders lead me to succumbing to the situation. There was a lot of harassment from the previous DG Income Tax in the form attaching our shares on two separate occassions to block our Mindtree deal and taking position of our Coffee Day shares, although the revised returns have been filed by us. This was very unfair and has led to a serious liquidity crunch. I sincerely request each one of you to be strong and to continue running these businesses with a new management. I am solely responsible for all mistakes. Every financial transaction is my responsibility. My team, auditors, and senior management are totally unaware of all my transactions. The law should hold me and only me accountable as I have withheld this information from everybody including my family. My intention was never to mislead or cheat anybody, I have failed as an entrepreneur. This is my sincere submission, I hope some day you will understand, forgive me and pardon me. I have enclosed a list of assets and tentative value of each asset. As seen below our assets outweigh our liabilities and can help repay everybody. Regards, VG Siddhartha SEE ALSO: <a href="https://www.businessinsider.in/vg-siddhartha-founder-of-cafe-coffee-day-and-son-in-law-of-ex-karnataka-cm-sm-krishna-is-missing/articleshow/70443830.cms" data-type="tilCustomLink" target="_blank">Coffee baron VG Siddhartha, the founder of India's iconic chain Cafe Coffee Day, is missing</a>

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