Karnataka News Live

VG Siddhartha found dead in Mangaluru: No one was harassed, claims Income Tax dept; CCD founder had tax liability of Rs 447.47 crore

"The investigation had started after a search in September 2017 and VG Siddhartha himself had admitted the income of Rs 362.11 crore and Rs 11.62 crore. Thereafter, income tax investigation wing in appraisal report had estimated undisclosed income of Rs 364.46 crore in case of VG Siddhartha and Rs 118.02 Crore for Coffee Day Enterprises Limited," sources said, adding that tax liability of Siddhartha was around Rs 447.47 crore and for Coffee Day Enterprises Limited it was around Rs 188.69 crore.

VG Siddhartha missing: CCD founder's 'letter' blames his 'failure' on 'pressure' from equity partner, 'harassment' from ex-DG, Income Tax

VG Siddhartha, the founder of India's largest Coffee chain Café Coffee Day, who also owns Asia's single-largest coffee estate, is missing since Monday evening. In a letter, reportedly written by Siddhartha, he blames “serious liquidity crunch”, “harassment from the previous DG income tax” and “pressure from one of the private equity partners forcing me to buy back shares” for his situation.

Full text: Cafe Coffee Day founder VG Siddhartha goes missing; leaves letter to management, staff saying 'I failed as an entrepreneur'

"I am very sorry to let down all the people that put their trust in me," writes Caffe Coffee Day founder VG Siddhartha in letter to board of directors and employees.

BS Yediyurappa is new Karnataka CM: Winning Monday's floor test, picking new Cabinet; challenges ahead for BJP

In a surprise move on Friday morning and giving a new twist to the Karnataka political crisis, BJP leader and former Karnataka chief minister BS Yediyurappa staked claim to form the new government

Yediyurappa swearing-in Karnataka CM Updates: BJP leader takes oath as chief minister for the fourth time

Karnataka Politics LIVE Updates: Chief minister-designate BS Yediyurappa has arrived at Raj Bhavan and set to take oath as the chief minister for the fourth time.

Karnataka politics updates: Speaker says Independent R Shankar, two Congress legislators disqualified for current Assembly term

Karnataka news LIVE updates: Speaker KR Ramesh Kumar announced that Independent MLA R Shankar and two Congress legislators Ramesh Jarakiholi and Mahesh Kumathalli have been disqualified for the rest of the tenure of the Assembly as per the 10th Schedule of the Constitution.

Karnataka Assembly Floor Test Updates: HD Kumaraswamy is now caretaker CM; Congress blames BJP for fall of govt

Karnataka Assembly Floor Test LIVE Updates: Upon accepting HD Kumaraswamy's resignation, Governor Vajubhai Vala told him to continue as the caretaker chief minister of Karnataka till a new government takes over. Vala also told Kumaraswamy that no executive decisions can be taken during this period.

HD Kumaraswamy never had mandate to rule Karnataka; fall of Congress-JD(S) govt was inevitable

The JD(S)-Congress coalition government in Karnataka has fallen 12 days after Chief Minister HD Kumaraswamy sought to move the confidence motion in the state Assembly.

Karnataka Assembly floor test updates: HDK claims fake resignation letter doing rounds on social media, slams 'cheap level of publicity'

Karnataka Assembly floor test LIVE updates: Speaking in the Assembly, HD Kumaraswamy said, "I got information that I have tendered my resignation to the governor. I don't know who is waiting to become the chief minister. Someone has forged my signature and spread the same on social media. I'm shocked at the cheap level of publicity."

Karnataka political crisis: Only option left for BJP, Congress-JD(S) rebel MLAs is no-trust motion against Speaker Ramesh

The political drama in Karnataka will resume today after the weekend break. The widespread expectation is that KR Ramesh, Speaker of the Karnataka Assembly, will have written a brand new script to avoid voting in the confidence motion moved by Chief Minister HD Kumaraswamy.