Bengaluru: Eminent businessman and philanthropist R N Shetty died at his residence here due to a cardiac arrest in the early hours of Thursday, family members said.

He was 92 and is survived by his wife and three sons.

Born on August 15, 1928 at Murudeshwar in the coastal district of Uttara Kannada, Rama Nagappa Shetty founded the RN Shetty and Company in 1961 and ventured into the construction industry with focus on infrastructure building.

He built tunnels for the railways, dams, canals, bridges, and buildings in various parts of Karnataka and neighbouring states.

Later, he entered the hospitality and education sector and left a mark there as well.

The Federation of Karnataka Chambers of Commerce and Industries had bestowed on him the Visvesvaraya Memorial Award in 2004 and the Bengaluru University conferred an honorary doctorate in 2009.

A devout Hindu, Shetty had undertaken modernisation of the historic Murudeshwara Temple, which his ancestors had served, and was instrumental in building the 249 ft tall Raja Gopura of the temple, considered to be the tallest gopuram in Asia.

Condoling the philanthropist's death, Chief Minister B S Yediyurappa said Shetty, who was born in a peasant family ventured into various businesses and left a deep imprint in the construction, infrastructure development, hospitality and education sector.

Remembering him as 'Mahadani' (great philanthropist), former Prime Minister H D Deve Gowda said, "I am deeply pained to learn about the demise of great philanthropist and businessman Dr R N Shetty who had founded various education and religious institutions."

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Shivamogga: In an accident reported from Circuit House Circle here, two medical students were killed in a head-on collision between their motorbike and a milk transport vehicle on Wednesday morning.

The riders, Aditya of Udupi and Sandeep of Honnali, are said to have been 3rd Year MBBS students. They reportedly sustained severe injuries in the accident and died on the spot. The bodies have been moved to the mortuary of the McGann Hospital for a post-mortem test.

Due to the impact of the collision, the milk packets in the transport vehicle burst open, with the milk spilling out on the street.

Traffic Police (West), under whose jurisdiction the accident occurred, are investigating the matter.