
Kutta-Tholpetty highway to improve connectivity to Kerala
He told reporters that the existing road, which is in a bad shape, will be completely dug up and a new road will be laid. He mentioned that the two bridges on the road will also be widened.
"The officials will also widen the road leading to the Kannur International Airport on the Makutta route to Kerala in the coming days. Currently, hundreds of transport buses and private vehicles are relying on the Kutta-Tolapetty route due to the night ban on the movement of vehicles at Bandipur Tiger Reserve," he said.
The work will start as soon as the rainy season is over, the MLA stated.
The public in the surroundings of Kutta village in Kodagu district are depending on Mananthavady Hospital for better facilities, and Wayanad district in Kerala has become a hub for the trade of coffee and pepper.
Coffee exporters are mostly following this route to take Kodagu coffee to Kochi. Coffee is also traditionally grown in the Wayanad district, and many vehicles ply there daily, he pointed out.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Giao dịch CFD với công nghệ và tốc độ tốt hơn
IC Markets
Đăng ký
Undo
Many tourists from Kodagu take the Kutta-Tholpetty road to visit temples such as Mahavishnu Temple in Thirunelli and Sabarimala. Ponnanna informed that the demand for a multi-purpose road will be met, and a well-maintained road will be constructed.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


India Today
37 minutes ago
- India Today
Uncle Stalin plays family referee as Maran brothers clash over Sun TV shares?
Tamil Nadu Chief Minister MK Stalin is believed to have intervened in the ongoing dispute between DMK MP Dayanidhi Maran and his elder brother Kalanidhi Maran, the chairman and managing director of Sun TV Network. According to sources, the Chief Minister urged both brothers to resolve their differences amicably in the interest of the has been no official confirmation from either Dayanidhi or Kalanidhi Maran regarding the involvement by the Chief Minister – who is also their uncle – on the current status of the to mend the rift follow Dayanidhi Maran's move last month to issue a legal notice to his elder brother, sister-in-law, and six others. The notice objected to certain share transactions of the Sun TV Network dating back to 2003. According to the notice, Dayanidhi Maran has alleged criminal breach of trust and cheating, stating that on September 15, 2003, Kalanidhi Maran unlawfully allotted 12 lakh shares of Sun TV Network Ltd. to himself without proper valuation, fair consideration, or consent from existing shareholders. The notice termed the transaction illegal and a betrayal of shareholder further claimed that approximately Rs 8,500 crore had been invested in various domestic and international Real Estate Investment Trust (REIT) funds and mutual funds using undisclosed resources. These investments, the notice alleged, were made without authorisation or disclosure, with evidence drawn from savings account Maran also contended that a red herring prospectus filed with the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), and Bombay Stock Exchange (BSE) was misleading and based on fraudulent documentation, allegedly in collusion with lead managers to facilitate the public listing of the has demanded that the company's shareholding be restored to its original structure as of 2003 and that all dividends, assets, and monetary benefits allegedly misappropriated be returned. The legal notice warned that failure to comply would result in appropriate civil, criminal, regulatory, and enforcement response, Sun TV Network Ltd. issued a clarification through a regulatory filing with the BSE on June 20. The company described the allegations as speculative, defamatory, and unsupported by facts or law. 'The statements allegedly made in the articles are incorrect, misleading, speculative, defamatory and not supported by facts or law. We wish to inform that all acts have been done in accordance with legal obligations and the same had been duly vetted by concerned intermediaries before the public issue of the company,' it TV further noted that the matter dates back 22 years, to a time when the company was a closely held private limited entity, and insisted the dispute had no impact on its operations. 'The matters alleged in the articles do not have any bearing on the business of the company or its day-to-day functioning and, being the family matter of the promoter, are purely personal in nature,' the statement read.- Ends IN THIS STORY#Tamil Nadu


Time of India
38 minutes ago
- Time of India
Asian Paints exits Akzo Nobel India; sells 4.42% stake for ₹734 crore
NEW DELHI: Paints major Asian Paints on Wednesday exited Dulux paint-maker Akzo Nobel India by selling its entire 4.42 per cent stake in the company for Rs 734 crore through an open market transaction. In a regulatory filing on Wednesday, Asian Paints said it "has sold its entire holding of 20,10,626 equity shares in Akzo Nobel India Ltd, representing 4.42 per cent of its paid-up share capital". The sale was executed at Rs 3,651 per share through the bulk deal mechanism, it added. Last month, Sajjan Jindal's JSW Paints announced the acquisition of Dutch paint maker Akzo Nobel's India unit in a Rs 12,915-crore deal to become the fourth-largest player in the paint industry in the country. JSW Paints will buy a 74.76 per cent stake in Akzo Nobel India for Rs 8,986 crore and launch an open offer to buy another 25 per cent from the open market for up to Rs 3,929.06 crore. According to the bulk deal data on the NSE, Asian Paints sold 20,10,626 shares, amounting to a 4.42 per cent stake in Gurugram-based Akzo Nobel India. The shares were disposed of at an average price of Rs 3,651 apiece, taking the transaction value to Rs 734.08 crore. Meanwhile, ICICI Prudential Mutual Fund and Eastspring Investments India Consumer Equity Open Ltd purchased a total of 9.5 lakh equity shares or 2.1 per cent stake in Akzo Nobel India. These shares were picked up at the same price, taking the deal value to Rs 346.92 crore, as per the data on the National Stock Exchange (NSE). Eastspring Investments is a subsidiary of British multinational insurance and asset management firm Prudential. Details of the other buyers of Akzo Nobel India's shares could not be ascertained on the exchange. Shares of Akzo Nobel India slipped 1.56 per cent to close at Rs 3,627 apiece on the NSE.


Time of India
38 minutes ago
- Time of India
Smartworks raises ₹173.64 crore from anchor investors ahead of IPO
NEW DELHI: Smartworks Coworking Spaces has raised Rs 173.64 crore from anchor investors ahead of its initial public offer (IPO). In a regulatory filing on Wednesday, Smartworks finalised the allocation of 42,66,378 equity shares to anchor investors at Rs 407 per equity share. Out of the total allocation of 42,66,378 shares to the anchor Investors, 32.04 per cent were allocated to three domestic mutual funds, which have applied through a total of four schemes. These three domestic mutual funds are Tata Mutual Fund , Baroda BNP Paribas and Trust Mutual Fund . Other investors are Axis New Opportunities AIF - Series II, SBI General Insurance Company Ltd, Aditya Birla Sun Life Insurance Company Ltd, Buoyant Opportunities Strategy II, Societe Generale, among others. Smartworks Coworking Spaces will hit the capital market on July 10 to launch its IPO for raising nearly Rs 600 crore as the company intends to expand its business and reduce debt. Gurugram-based Smartworks, one of the leading managed flexible office space providers, currently has 48 operational co-working centres with over 1.9 lakh seating capacities. The company has fixed a price band of Rs 387-407 per share for its IPO, which will close on July 14. The size of the fresh issue has been reduced to Rs 445 crore from the earlier planned Rs 550 crore, while the Offer For Sale (OFS) by promoters has been cut to 33.79 lakh shares from 67.59 lakh shares. At the upper end of the price band, the company's IPO size is now estimated at Rs 583 crore, with a market valuation of about Rs 4,645 crore. Of the total proceeds from the fresh issue of shares, the company will use Rs 226 crore for capital expenditure related to the fit-outs in new centres and security deposits for these new centres. It will utilise Rs 114 crore for payment of loans, and the remaining funds will be used for general corporate purposes. The OFS proceeds will go to promoters. On the financial parameters, Smartworks has posted a net loss of Rs 63.17 crore in the last financial year due to higher expenses than income. Its net loss stood at Rs 49.95 crore in the preceding 2023-24 financial year. However, the revenue from operations rose to Rs 1,374.05 crore in the 2024-25 fiscal from Rs 1,039.36 crore in the preceding year. "These losses were on account of our total income being lower than the expenses for the relevant fiscal," the company said in its red herring prospectus (RHP) filed with Sebi. The company would aim to increase revenue levels and decrease proportionate expenses to achieve profitability. Its total consolidated debt stood at Rs 382 crore at the end of April. Smartworks takes on lease office spaces from landlords and then sub-leases the areas to corporates. It has an operational portfolio of 8.31 million square feet area while 0.7 million square feet is under fit-outs. The company has taken on lease another 1.7 million square feet area from landlords, but it has not obtained possession to set up the centres. The total portfolio will cross 10 million square feet, including spaces under fit-outs and signed.