Friday, December 31, 2010
The US Federal Reserve will buy an additional $600 billion of treasuries expanding record stimulus and risking its credibility to reduce unemployment and avert deflation.Policymakers,who have pegged new purchases at about $75 billion a month will adjust the program to best foster maximum employment and price stability.The Central bank kept its pledge to keep interest rates low for an'extended period'.
Wednesday, December 29, 2010
Addressing the media Mr.Vivek Nayer, Senior Vice president,of the company said,'having realised the potential of the emerging segment of off road enthusiasts and lifestyle seekers ,we have launched the THAR in India.The THAR is an extension of our legacy and what Mahindra stands for".
Monday, December 20, 2010
Saturday, December 11, 2010
New laws restricting account and credit card fees,as well as derivatives and capital rules are also squeezing lenders.
Source: IIBF Vision.
Vijaya bank and global money transfer company Money-Gram International have announced their tie up wherein the bank will offer MoneyGram's real time money transfer services in its 1173 branches.Mr.Albert Tauro,CMD of the bank was present.
Source: IIBF Vision.
Friday, December 10, 2010
Some of india's biggest business houses such as the Tata's,the Aditya Birla group,the Mahindras,L&T,and Religare are pitching in for Bank Licence. Reserve Bank Of India is expected to finalise the norms which will be unveiled soon.
Source; IIBF Vision.
Saturday, December 4, 2010
About the Author: Shobhaa De was voted by the Reader's digest as one of 'India's most Trusted People' and one of the 50 most powerful women in India by DNA.Shobhaa De is one of India's highest selling authors and a popular social commentator.She regularly writes columns in leading newspapers on current topics.
About the Book: Shobhaa De is known to live life by her own rules.She helps the reader rejuvenate their life,giving wise,honest and practical advice on how to cope with the daily challenges and stresses we face in today's fast paced world. she shares her own experiences from her life spanning six decades,claiming the inspiration for penning this book,was in her own words,'to free people from the cage of age'.Laying great emphasis on family values and ties,she stresses on making each passing decade more meaningful and enriching while taking the time to enjoy the small pleasures of life.Leading by example, Shobhaa shows us just how much we have to look forward to,no matter what our age is!.
The Book is published by Hay House India. The price of the Book is Rs.350\-
Sunday, November 28, 2010
Diesel Powered Nissan Micra to hit Indian Roads in December,2010.
Nissan Micra diesel is a smart,global,hatchback with an affable appearance and engineered for easy handling and sprightly performance, while realising class competetive fuel efficiency.The diesel Powered Micra comes with fuel economy of 23.08kmpl(as approved by ARAI) announced by the company.
Addressing the media, Mr. Kiminobu Tokoyama,M.D.&CEO ,Nissan Motor India said," The success of petrol powered Micra in the domestic market has given us huge confidence to introduce the Diesel powered Micra within 6 months from the petrol version".
Addressing the Media,Mr.Wolfgang Pech,Senior Vice President,Deutsche Messe said," Hannover messe has been increasingly chosen by indian companies to showcase their latest offering as it provides them the best and most targeted global platform.The Indian Pavilion at Hannover Messe has been among the best year after year.
These 1,00,000 associates are placed across diverse verticals like IT,Retail,FMCG,infrastructure,logistics,Telecom,engineering,banking and Financial services among others.
Addressing the media,Mr.Sudhakar Balakrishnan,Managing Director said,"It is a proud moment that we put 100,000 people to work everyday and with this milestone, I am extremely delighted that Adecco India is one of the largest private sector employers in the country. Our Country's young work force of 240 million between the age group of 20-28 can be a big differentiator for 8.5%+ economic growth in the future and the staffing companies in India can benefit immensely from the demographic dividend." Mr.Sundar,Director-Finance of the company was also present.
ADECCO-A GREAT GLOBAL BRAND WITH AN INDIAN HEART.
Friday, November 26, 2010
Wednesday, November 24, 2010
The ASSOCIATION OF OLD CROWS (AOC) is a non profit International Professional association supporting the community of individuals and organisations that promote Electronic Warfare,Tactical information,operations and related topics.The Association's head quarters is located in VIRGINIA,USA.
The name "Old Crows" emerged from the first use of electronic warfare in World war II to disrupt enemy communications and radars.Allied Electronic Counter Measure (ECM) operators to disrupt these were given the code name" Raven".Later, the common jargon changed the name to 'Crows' and those engaged in the profession became known as ' Old Crows',being members of AOC.
Dr.Prahlada, Chief Controller of Research & Development,Defence Research & Development Organisation(DRDO),inaugurated the workshop with the participation of invitees & Delegates from DRDO Laboratories. This workshop will enable close interaction amongst the EW professionals and explore the technologies which our armed forces should adopt to counter current &futuristic battle scenario.
Oaktree was was established in 1987,specialised in quality,custom made furniture & cabinetry out of solid woods and three fourths cabinet grade plywood and no Particle Board.
The showroom is located at Oaktree kitchen No.13,32nd cross, Jayanagar,7th Block,Bangalore -82.
Friday, November 19, 2010
NARAYANA NETHRALAYA LAUNCHES LASER VISION CORRECTION.
Narayana Nethralaya,Bangalore today launched OptiLASIK laser vision correction which is a global launch.
OptiLASIKTM laser vision correction is able to give many patients excellent results because of the technology behind it. Dr.Rohit shetty Vice chairman of the Narayana Nethralaya uses the Alcon WaveLight Refractive Suite laser system to create a very optimised treatment plan of the patients eyes that serves as a guide during surgery.
Infact,after surgery,patients who were participants in the clinical trial for FDA approval of the Wavelight laser saw as well as or even better than, they did with glasses or contact lenses.93 % of nearsighted patients saw 20\20 or better1 and 83% of farsighted patients saw 20\25 or better2. To realise the unique vision potential, one can contact Narayana Nethralaya for more details.
Sunday, November 14, 2010
Saturday, November 13, 2010
BLUE HILL LAUNCHES LUXURIA,AN UNMATCHED EXPERIENCE IN TRAVEL.
Blue Hill Pvt.Ltd.,, the promoters of the 'Nilgiris supermarket Chain' launches a first one of its kind a premium,super luxury inter city Bus service- LUXURIA. The bus service will be an experience which redifines the word Luxury in travel.
The Volvo buses has been designed by the well known automobile designer Mr. Dilip Chabria. With an initial investment of Rs.30 crores for 12 buses and infrastructure,it is likely to be scaled upto Rs.450 crores in the next 7 years with further acquisition of 250 buses.
The fare for Bangalore to Chennai will be Rs.1800\- and the tickets can be booked online at on www.luxuria-travel.com or by calling the service centre-914040327000.
Addressing the media,Mr.Prabhu Ramachandran-Director-Blue Hill Group,said,'Luxuria is a novel concept for travel in India.India has now an upwardly mobile population who is our target audience. we plan to expand our services to other major cities in the country in 3 years".
Sunday, November 7, 2010
Sunday, October 24, 2010
Net profit up by 33% to Rs.144.30 crores.
Operating Profit up by 26.46%.
Net interest Income up by 33.56%.
Net Interest margin at 3.16%.
Return on assets at 0.81%.
Gross NPA is at 2.44% and Net NPA is at 1.32%
Capital adequacy ratio is at 14.25% (Basel-II)
Vijaya Bank is on steady growth path and its aggregate business is at Rs.1,02,473 crores. Deposits at Rs.62,668 crores and Advances at Rs.39,805 crores.
Addressing the media,Mr.Albert Tauro,Chairman and Managing Director of the bank said that," Improved margins were mainly as a result of higher yield on advances(10.20%) and lower cost of deposits (5.64%)".
The bank has a network of 1173 branches and 481 ATM's under 100%CBS set up.
Guidance for March,2011.
A business level of rs.1,26,000 crores envisaging 205 growth. Containment of gross NPA within 2% and net NPA within 1%.
Opening of 100 additional branches and 250 additional ATM's.
Ms.Subhalakshmi Panse,Executive Director of the bank was also present in the Press meet.
Friday, October 15, 2010
Light Emitting Diode(LED) is a revolutionary technology and has completely transformed the lighting industry in India.The 5 W retrofit LED bulb is priced at Rs.649\-.The company claims that the life of the bulb is over 15 years and there is 80% energy savings vis-a-vis incandescent bulbs.
Tuesday, October 12, 2010
NCDEX is an online national level commodity exchange established on April,23,2003 and commenced operations on December,15,2003. It offers futures trading in 47 commodities in agriculture,energy,metals,plastics and carbon credits.
NCDEX -India's leading agri-commodity exchange having established a reputation in agricultural commodities with over 85% market share has recentlt seen increase in the average daily Trading Volume of non agricultural commodities.NCDEX annual turnover crossed Rs.5,00,000 crore mark recently, a 29% increase over the last year.
Mr.Ramaseshan,MD &CEO said," Commodity future markets has been growing impressively and this is evident from the fact that the total traded value in metals(other than bullion) has grown by 72% while the trade in energy has grown by 25%."
Speaking in the Press meet,Mr.Vijay kumar,CFO NCDEX said," Having made a modest start of 29,500 barrels a day of trading, the contract has in the recent times has seen daily trading volumes in excess of 1.5 million barrels.This is a testament to the relevance of this contract to the indian market,which can be attributed to its alignment with the International market along other factors."
Friday, October 8, 2010
FORTIS HOSPITALS BANGALORE LAUNCHES A COMPREHENSIVE CENTRE FOR DIAGNOSING AND TREATING HEART RHYTHM DISORDER.
In an effort to expand the excellence in heart care and to offer better understanding,diagnosis and treatment to people with heart rhythm disorder,Fortis Hospitals adds a new dimension to its heart care programme by launching the Arrhythmia clinic- a comprehensive centre to treat heart rhythm disorders.
"While there is tremendous awareness around hearts blocks and other cardiac conditions,not much is known around electrical imbalances," says Dr.Lloyd Nazareth ,COO,Fortis Hospitals.
Thursday, September 30, 2010
The three Bench Judge of Allahabad high Court delivered a significant Judgement on the long pending dispute. The whole Nation is happy about the Judgement and the country has travelled too far as the main focus of the country is development, equal oppurtunities for all and India emerging as one of the super powers in this decade.
This Judgement gives an oppurtunity and act as a catalyst to promote communal harmony and promote peace. This judgement is nobody's victory but India's victory and victory for all Indians.
Wednesday, September 29, 2010
AVON,a leading global beauty company with over US $10 billion in annual revenue is the world's largest direct seller.AVON markets to women in over 100 countries through 6 million independent Avon sales Representatives.
The Company launched for the first time ever its 'International Jewellery Collection' in India at a glittering fashion show in Bangalore.
The International Jewellery collection is timeless, stylish,expressive,designed by International award winning designers.The jewellery is made with high quality standards using precious metal platings like Gold,Rhodium,Palladium & high grade Rhinestones &Cubic Zirconia stones.
Speaking on the occassion,Mr.Hemant Singh,Managing Director,Avon Beauty Products Said," We are extremely excited about introducing the International Jewellery Collection to Avon's existing product portfolio in India."
Priced within the range of Rs.349\- to Rs.1999\-,the collection will be made available exclusively through Avon Representatives.
Thursday, September 16, 2010
Tuesday, August 31, 2010
For Mr.Buhari,the cow dung balls are as priceless as his diamond
stones.He buys 10 loads of cow dung for Rs.10,000/- a month and provides uninterrupted power supply for seven hours to a dairy company.
Source: Deccan Chronicle.
Friday, August 27, 2010
"The new world Trade Center ,Bangalore is a world class business destination and it is quickly becoming a symbol of international trade for the greater Bangalore region" says Mr.Robert J Frueh,Director of Member services,World Trade Centers Association.
There are over 300 world trade Centers in nearly 100 countries all focussed on growing their economies in the International Marketplace.
Friday, August 13, 2010
Thursday, August 12, 2010
Public Private partnerships(PPP's) have made their mark in some form or the other across all core and social infrastructure sectors,and are being seriously considered as the vehicle for swift ugradation of Indian Infrastructure. Over 450 projects with an aggregate investment of Rs.2,24,175 crores have been executed on PPP(in operation/under construction/under bidding) in the last 11 years (source: www.pppinindia.com).The various sectors where the investment has gone under PPP mode are:
1.Roads:271 projects,2.Urban development: 73 projects,3.Ports:43 projects.Tourism; 29 projects,Energy:24 projects,Airports:5 projects,railways;4 projects,and Education;1 project.It can be observed that 90% of the investment has gone into the economic infrastructure sectors like roads,ports,airports,and energy.
The investment target for the XII Five Year plan for India's infrastructure development has been set at $ 1 Trillion,which is double that of the XI Plan.India's record is poor on investment to sectors like health,education,urban and rural infrastructure.
Monday, August 9, 2010
LIBAS exclusive Fashion Show for 'EVENING AND COCKTAIL WEAR'by designer Riyaz Gangji was held on 8th august,2010 at the Hotel Lalit Ashok .
Riyaz had undergone training under the well known American designer in Hong Kong and learnt the art of creating impeccable garments,especially business suits,semi formal outfits and other such attire.
Sunday, August 1, 2010
with wide range of kitchen appliances . The company is known for production of high performance,easy to use and well designed machines.
Kenwood is a leading brand across Europe. In UK their market share is 43%,inWestern Europe it is 16%, and in Middle East it is 27%.
Mr.Mark Broad,Commercial Director,Kenwood UK said,we at Kenwood are extremely delighted to enter the Indian Market with innovative products that exemplify what kenwood appliances stand for-helping our consumers in their everyday lives by addressing common issues and offer best quality products in the category".
Thursday, July 29, 2010
The Asian Insurance Industry is on accelarated path in the past three years and hence the need for the state of the art technology and innovative products to support new business across life,non life,reinsurance and group life domains.
NTT DATA,a listed corporation with revenues of $12.3 billion with net income of $522 million with 32,000 employee strength is a part of NTT DATA group one of the 50 largest companies in the world and among the largest SAP implementers.
Mr.Minoru Suzuki,NTT DATA said,"FirstApex uses its strong insurance domain expertise built over three decades and leverage state of the art technologies dedicated to the insurance industry to deliver world class solutions to its customers.'
Mr.Suresh Prabhu ,Chairman,FirstApex said,' the support of NTT DATA Group will help in expanding the global customer base and enhance further product development and implementation know-how with its well established and tested methodologies built up through their successful history in the IT industry".
Thursday, July 22, 2010
VIJAYA BANK Q1 NET PROFIT UP 21%.
Operating profit up by 49.81%.
Net profit up by 21%.
Net interest Income grew at 47.88%.
Net interest margin (NIM) at 2.90% Vs 2.33% a year ago up by 57bps.
Total Business at Rs.1,04,621 crores,comprising Rs.62,673 crores as deposits and Rs.41,948 crores as advances.
Capital adequacy ratio (Basel II) at 14.74 %
Gross NPA down from 2.94% to 2.32%.
Net NPA down from 1.58% to 1.35%.
Addressing the Media, Mr.Albert Tauro,CMD of the Bank said," Our core earnings continue to show improvement notwithstanding a somewhat slackened pace of business in the first quarter".
INSTITUTION OF ENGINEERING & TECHNOLOGY
IET is one of the world's leading Professional societies for the engineering and Technology communities.They operate in 27 countries including India with 1,50,000 members spread over North America,Europe and Asia Pacific.The IET provides global knowledge network to facilitate the exchange of ideas and promote the positive role of science,engineering and technology in the world.
The IET has world class collection of digital and printed resources on all areas of engineering & Technology containing 65,000 printed books and 3500 print journals which can be accessed by the members.
IET had a networking dinner yesterday in Bangalore.
Mr.Mike Morrisey,-Head of International operations of IET based in UK briefed about the activities of IET globally.
Mr.Sekhar Sanyal,Country Head,India briefed about the different types of membership and the advantages the members derive out of the membership.
Tuesday, July 20, 2010
VIJAYA BANK PAYS DIVIDEND OF Rs. 89.63 CRORES TO GOVERNMENT OF INDIA.
Bangalore based public Sector Bank Vijaya Bank, declared dividend of 25% and
paid Rs.89.63 crores to Government of India who owns 53.87% of the total equity shares of the bank.
Mr.Albert Tauro,CMD of the bank handed over the cheque to the Finance Minister Mr.Pranab Mukherjee in Delhi recently.
Saturday, July 17, 2010
Howards Storage world (HSW) ,a speciality retailer of storage,space saving and organisational products for the Home and office showcases their customised,flexible and expandable Elfa Storage range.Elfa
is designed for converting a messy space into an organised oasis. HSW also launched a range of eco friendly products designed
of eco friendly durable products designed specially to suit the
Indian climatic conditions.HSW's innovative products and clever solutions are designed to declutter your home.It can be configured easily in any nook and corner of the room without screws and drilling.
Howards has 85 stores worldwide,of which 64 are in Australia and
the rest 21 are in 11 countries.They will be opening a store in Oslo-Norway next March.
Thursday, July 8, 2010
Saturday, July 3, 2010
JOHN DISTILLERIES LIMITED ANNOUNCES THE WINNERS OF MONT CASTLE
" Are you a gentleman" SMS Contest.
Mr.Paul P John,chairman,John distilleries said, "We are delighted with the oeverwhelming response we received from the participants". The first prize is a 3 day trip to Paris for two,and the first runners up win a trip for two to Kumarakom Lake resort in Kerala and the second runners up win a free week end stay at The Paul,Bangalore..
PETROLEUM PRICE HIKE JUSTIFIED-MURLI DEORA.
The petroleum Minister Mr.Murli Deora said that the Government of India has to
subsidise to an extent of Rs.15/- per litre and the government is bearing the loss while keeping the burden on consumer to the minimum. He says "our kerosene price is the cheapest in the world and in the case of LPG government is bearing the loss".He further said that he has written to all the Chief Ministers to bring down state tax to provide relief to consumers.
To ensure uninterrupted supply of petroleum products to Bengaluru and to meet the growing demands of the city a 290 kilometre Chennai-Bangalore pipe line was launched yesterday which will help decongest roads and reduce pollution. GAIL's Dabhol-Bangalore pipeline will in commercial operation by 2012.The demand for petrol & Diesel in the state is growing at a rate of 10% and 15% respectively which has prompted the the oil marketing companies to invest Rs.1500 crores to strengthen their network in the state.
Thursday, July 1, 2010
PURAVANKARA LAUNCHES NEW PROJECT IN SOUTH EAST OF BANGALORE.
Bangalore based, one of the leading real estate developers has launched a new housing projectconsisting of 730 luxury partments on Haralur road in HSR Sector
called PURVA SKYWOOD, This project is spread over 12.75 acres of land giving ample natural surroundings to the residents.
There is a large range of dwellings to choose from including different sizes and types of partments ranging from 1263 sq.ft to 2340 sq.ft and combination of 2,3,and 4 bedroom apartments. This project is strategically located with quick access to electronic City,outer ring road and whitefield very close to leading software companies.
This project will be completed in two stages with I Phase with 300 apartments will be completed in 2 years.The initial price will be Rs.2990/-per Sq.ft.
The puravankara Group has the distinction of of being awarded the Finaliste,International Prix D Excellence-1998 for its project " Purva park' in Bangalore. Two prestigeous projects,Purva Graces & Purva Heights,received a PA 1
rating by CRISIL Mr.Ashish Puravankara,Director , and Mr.Sebastian Nazareth,COO of the company addressed the Media.
Wednesday, June 30, 2010
VIJAYA BANK LAUNCHES ON LINE TRADING SERVICES.
Vijaya Bank, a Bangalore based Public Sector Bank launched On line Trading
services to their customers in association with IDBI Capital market Services Ltd.
This service is an integrated "Three in One" account,with Demat,Savings bank account with net banking facility and trading account.
The customers of Vijaya bank ,on Click of a button,can buy and sell the shares within the comfort of their homes with their PC's. While over 127 branches are designated as Depository participant branches,more such branches will be added shortly,says Mr.Albert Tauro,Chairman & Managing Director of Vijaya Bank.
Mr. Nagendra Bhatnagar, Mg.Director and CEO,IDBI Capital Market Services Ltd.,,Mr.Ravi Eashwaran,Head,Retail,IDBI Capital Market Services Ltd., and Ms.Shubhalakshmi Panse,Executive Director,Vijaya Bank also participated on the occassion.
Saturday, June 26, 2010
MAHINDRA AEROSPACE WELCOMES ITS PLANE,THE GA8-TC AIRVAN TO BENGALURU,AS IT CIRCUMNAVIGATES THE GLOBE.
The GA8-TC Airvan from GippsAero,one of Australia's most reputed aircraft producers and a part of mahindra Aerospace, landed in the garden city
the Airvan is on a multiple mission with its Australian pilots,Ken evers and Tim Pyrse took off in the single engine aircraft on May 8th from Bendigo,Australia
and will cover a total distance of 28,190 nautical miles befor returning to
Bendigo in July.Their mission is to raise USD i million for the noble cause of
increasing awareness about malaria.
Mr.Anand Mahindra,Vice chairman & Managing Director,Mhaindra group,Mr.Peter Forby, consul General Australia,in Mumbai and
Mr.S.V.Ranganath,chief secretary,Government of Karnataka