Category Archives: Business & Economy

GHIAL bags Assocham CSR excellence award

GMR Hyderabad International Airport Ltd (GHIAL), the operating company of Hyderabad’s  Rajiv Gandhi International Airport, has bagged Assocham’s  CSR excellence award.

The award for 2013-14 recognises “outstanding corporate social responsible” activities undertaken by the company. The selection jury is chaired by former chief justice of India V.N Khare, said a statement by GHIAL.

“The award is indeed an honour and reflects our best of efforts and spirit in giving back to the society. As a responsible corporate citizen, GHIAL has been displaying a committed endeavour and a concerted approach in taking CSR activities to the threshold of the target communities,” said GHIAL CEO S.G.K. Kishore.

“The award reaffirms our mission to become a sustainable and responsible organisation,” he added.

source: http://www.business-standarad.com / Business Standard / Home> News-IANS> Business-Economy / by IANS / Hyderabad – March 23rd, 2014

India must raise its knowledge capital, says economist R. Radhakrishna

 R. Radhakrishna, economist and Chairman and Professor at the Centre for Economic and Social Studies. / The Hindu

R. Radhakrishna, economist and Chairman and Professor at the Centre for Economic and Social Studies. / The Hindu

“India’s contribution to world knowledge creation is about three per cent, while China’s share has risen from one per cent to over 10 per cent in the last few decades.”

New Delhi :  

Since basic research is a public good, government funding for basic research is important, said R. Radhakrishna, economist and Chairman and Professor at the Centre for Economic and Social Studies, Hyderabad.

Radhakrishna was speaking during his inaugural address as chief guest at an international conference on Applied Econometrics. The conference was organised by Hyderabad-based ICFAI Business School (IBS) in collaboration with Delhi’s The Indian Econometric Society.

Citing the famous welfare economist Arthur Cecil Pigou, Radhakrishna said that all research is either fruit-bearing, as in the case of applied research, or light-bearing, as in the case of basic research.

Capital for growth

In his address on scientific and statistical methods, Radhakrishna, who is also former Chairman of the National Statistical Commission, spoke about how the accumulation of knowledge is as important as the accumulation of capital for economic growth and development.

He said that the share of India’s contribution to world knowledge creation is about three per cent today, while China’s share has risen from one per cent to over 10 per cent in the last few decades. This has important implications on economic growth and stability.

Thus, the country needs to focus on research and development even more.

Over seventy academicians and scholars from reputed institutes and universities across the country participated in the conference.

Technical sessions were conducted in Financial Economics, Industrial Economics, Development Economics, International Economics and Monetary Economics.

Session chairs and presenters of technical papers included researchers from International Food Policy Research Institute, New Delhi; Jawaharlal Nehru University, New Delhi; Gokhale Institute of Politics and Economics, Pune; Birla Institute of Technology and Science, Pilani; Indian Institutes of Technology at Kanpur, Kharagpur and Hyderabad; Central Universities of Pondicherry, Tamil Nadu and Hyderabad; Jamia Millia Islamia, New Delhi; University of Mumbai; Institute of Public Enterprises, Hyderabad and many others.

source: http://www.thehindubusinessline.com / Business Line / Home / by The Hindu Bureau / New Delhi – March 23rd, 2014

NGA Human Resources to expand Hyderabad facility

Tech focus Adel Al-Saleh (right), CEO, NGA Human Resources, and Mark Squiers, Senior Vice-President, address the media in Hyderabad on Tuesday. / - PV SIVAKUMAR / The Hindu
Tech focus Adel Al-Saleh (right), CEO, NGA Human Resources, and Mark Squiers, Senior Vice-President, address the media in Hyderabad on Tuesday. / – PV SIVAKUMAR / The Hindu

Hyderabad :

The UK-based NGA Human Resources will be expanding its global delivery centre here by adding 100 new employees.

The number of professionals working in the facility would be increased from present 400 to 500 by 2015 which could involve an investment of about half-a-million pounds, its Group Chief Executive Officer Adel Al-Saleh told newspersons here on Tuesday.

NGA HR had invested about Rs 58 crore in Hyderabad since 2005 and was committed to invest more in the days to come, he added.

“Hyderabad is a unique centre for us in view of its focus on technology. It is supporting us in application maintenance and all our own/client and third party capabilities are being built here. It has also has significant testing capabilities,’’ Saleh said.

The next stage of growth for the one billion dollar company would be driven by Indian customers. “Till now, multinational company with Indian operations have been our clients. We will be focussing on companies headquartered in India going forward,” he added.

NGA HR has seven global delivery centres including two in India in Hyderabad and Kochi. The Kochi centre, with 1,050 employees now and mainly focuses call-centre related works while Hyderabad facility focus on hi-tech operations.

source: http://www.thehindubusinessline.com / Business Line / Home> Companies / by G. Naga Sridhar / Hyderabad – March 18th, 2014

Hyderabad at LFW-SR-2014

Ileana D’Cruz showcasing Anushree Reddy's work at Lakme Fashion Week Summer Resort 2014. / Photo: PTI / The Hindu
Ileana D’Cruz showcasing Anushree Reddy’s work at Lakme Fashion Week Summer Resort 2014. / Photo: PTI / The Hindu

An ode to the flower

Asmita Marwa took a departure from having actresses as showstoppers and instead roped in the spunky hairstylist Adhuna Akhtar who walked down the ramp in salmon pink net palazzo with pin detailing and satin silk cropped shirt. Asmita’s collection, titled Sensaina Tsuyo. The designer used Chanderi, Banaras and khadi for garments that were both structured like kimonos yet flowy. The colours ranged from pastels to earthy tones, were designed for resort wear, and included Chanderi shimmer palazzo and brown batik kimono wrap top, off-white khadi kimono cropped top with back slit, ecru long kurta shirt, white balloon skirt with shimmer sun and baby pink net jumbled sequins dress. The collection had something for men as well in the form of jersey samurai pants worn with Chanderi dip-dyed shirts and voile short sleeved kurtas teamed with black denims.

Ileana walks for Anushree Reddy

Anushree Reddy continued to explore the pastel palette this season as well, with her new collection at Lakme Fashion Week Summer Resort 2014. The show began with singer Shibani Kashyap wearing a pink-white salwar with gold and silver appliqués designed by Anushree and ended with showstopper Ileana D’Cruz in a cream lehenga and peach-toned blouse with sequins and embroidery. The collection, titled The Tale of a Bow, used fabrics such as malkha, chanderi, kota, tulle, mulmul and satin and the garments included cropped blouses, lehengas, anarkalis, dresses, gowns, pants and cover-ups.

Mysterious bride

Who would have thought Kirron Kher could pull off a coy bride act with élan? The veteran actress did just that, while walking the ramp for Hyderabad designer Gaurang Shah’s collection ‘Chandbali’ at Lakmé Fashion Week. Gaurang’s show had music by Ashok Gurjale and the collection combined patterns of antique odhnas from Akbarnama with khadi, and presented a new take on bridal wear. Motifs like gow-mata, chand-suraj, Buddha-pada were combined with Chandbali-like embroidery. The designer used deep, vibrant hues and the silhouettes represented the jama, achkans, angarkha, sadri, shaluka, floor-length kalidaar and lehenga with assi kalis.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Fashion / PTI /  Hyderabad – March 17th, 2014

Aerobatics show keeps spectators spellbound

Hyderabad :

It was a role play that Hyderabad is unlikely to forget soon. With the sky as the stage and Mark Jefferies’ mean machines as actors, the aerobatic show on Day 1 of the India Aviation-2014, which opened to business delegates on Wednesday, was a runaway hit. So was the special appearance made by the glamorous Airbus A380 from the Emirates’ fleet. Together, the two ensured that the five-day event took off to a magnificent start.

Though the tension among the spectators on ground was palpable all through the 15-minute display, during which the two pilots swirled and somersaulted their aircraft in mid-air, the crowd broke into a thunderous applause soon after the curtains came down on the matinee. The reactions were much the same during the repeat telecast later in the day. “It was breathtaking,” said one of the spectators, echoing the common sentiment among the gathering which stared awe-struck at the sky, which the two pilots turned into their playground. The Jefferies’ pilots are scheduled to display this act twice a day till the end of the event.

As for the gorgeous double-decker A380 – standing over 24 metres high with a wing span of nearly 80 metres – it had onlookers at hello. Right from the time the huge ‘bird’ made its royal landing at the Begumpet airport, every participant was overheard discussing the red and white beauty. More so after taking a tour of its interiors that reeked of opulence, comfort and class. Even the sprawling economy class of the 517-seater, that has 14 extra-luxurious first class suites, appeared to be in a league way ahead of its competitors. “We are glad that the A380 has been authorized for flying in India. It is great news both for airline operators and travellers in the country,” said an Airbus spokesperson, while leading a group of delegates through the aircraft, which also has two lavish shower spas for its ‘high-flying’ clients.

“Our customers in India are eager to try the A380 services and we have worked closely with the Indian authorities to make this possible. We will be reviewing our existing operations and look forward to serving Indian travellers with our flagship aircraft in the near future,” said Majid Al Mualla, divisional senior vice president, commercial operations – centre, Emirates.

Meanwhile, the mood among business delegates, who converged at the venue on Wednesday, seemed to be upbeat with many hoping to strike a few deals by the end of the event. “The aviation industry has been down in the dumps over the past two-three years. Now, things are starting to look up again. The Boeing-SpiceJet deal is an example of that. So we are optimistic,” said a participant at the exhibition hall, which like the last time had a corner dedicated to the history of aviation.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / TNN / March 13th, 2014

Indian scientist gets Order of Merit from German government

Hyderabad :

Eminent Indian scientist Prof Seyed E Hasnain has bagged the Cross of the Order of Merit of the Republic of Germany. He served as the founder-director of Centre for DNA Fingerprinting and Diagnostics (CDFD) and vice-chancellor of University of Hyderabad.

The award has conferred on Prof Hasnain in recognition of his contribution to Indo-German relations. The Order of Merit of the Federal Republic of Germany was instituted in 1951 by Federal President Theodor Heuss. It is the only honour that is awarded in all fields of endeavour and is the highest tribute the Federal Republic of Germany can pay to individuals for services to the nation.

German Ambassador to India, H E Michael Steiner, conferred the prestigious ‘Bundesverdienstkreuz’ on Prof. Seyed Hasnain at the German Embassy in India, says a statement from the University of Hyderabad on Thursday. Prof. Hasnain is a renowned microbiologist especially acclaimed for his path-breaking research on tuberculosis. He paved the way for the office of the German Research Foundation in India, which is one of the key forums for scientific cooperation between Germany and India. During his stay at the Robert Koch-Institute in Berlin and the University of Wurzburg, he produced remarkable research results in microbiology.

Prof. Hasnain has almost all major Indian Science Awards to his credit: GD Birla Award, Shanti Swarup Bhatnagar Prize, FICCI Award, J.C. Bose National Fellow Award, Ranbaxy Research Award, Goyal Award, Bhasin Award and several others. He is the first Indian elected member of the German National Academy of Sciences Leopoldina and one of the youngest to be elected Fellow of TWAS, Trieste, Italy. Internationally, Prof. Hasnain is a recipient of the prestigious Humboldt Research Prize, awarded by the Alexander-von-Humboldt Foundation, Germany; as well as the very exclusive Robert Koch Fellowship, of the Robert Koch Institute, Berlin.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad / by Syed Akbar, TNN / March 13th, 2014

Drought-fruit Seema Chinta tastes sweet success

Visakhapatnam :

A native of Central America and Northern South America, which was till recently looked down upon as a poor drought substitute of mango and cashew, Madras Thorn has suddenly been catapulted to the top of the popularity charts in fruit markets of Andhra Pradesh.

Commonly known as Sweet Tamarind, the fruit has grown so popular over the past few summers that it now fetches anywhere from Rs 150 to Rs 300 per kg, depending on the packaging, in cities like Visakhapatnam, Hyderabad and Vijayawada. K J Madhavi, an ardent fan of this pulpy fruit, said, “Most of the stuff we buy is at supermarkets where a kg goes for Rs 500 as it is claimed to be of export quality.”

Madras Thorn was first introduced by the Portuguese in India, albeit accidentally. The sweet tasting pod pulp of the fruit, which is rich in anti-oxidants, was stacked by sailors on long voyages and later became popular in India as drought food during summers. The tree thrives in most parts of peninsular India, except the wetter regions, and in Andhra is popularly referred to as Seema Chinta.

The fruit’s rising popularity has taken many by surprise. “This tree was found in most gardens and backyards even in big towns, and in villages was found scattered on fields with many farmers using the fruit pulp as part of the diet for their cattle. However, in the drought prone agriculturally poorer parts this fruit acted as a major food substitute. Just like Mahua in some areas of Central India, Madras Thorn was considered highly useful as the pulp was used to make dye, qualified as a food substitute and even the tender green leaves were used to prepare a kind of rasam,” said horticulturist R N S Sarma.

Old-timers from Visakhapatnam too pointed out rather cheekily that it was hard to believe that a fruit they used to consume as a substitute for mango during the summers, had now become so pricey.

Many vendors believe that the demand is on the rise for various reasons. K Narasimhulu, who sells the fruit near the RTC complex at Visakhapatnam, said, “It has become a major competitor during the mango season primarily due to rising mango prices as well as fears of indiscriminate use of pesticide in mangoes, something that is not a concern with the Madras Thorn.”

Narasimhulu further pointed out that unlike small town and rural customers, the buyers in big cities no longer discriminate between popular fruit and drought food. “A large number of people are now looking at the medicinal value of the food they consume and the health benefits they gain.”

“The bark of the tree can also be used to make a soup to treat stomach ailments and infections, apart from fever,” said G Bullayya, a naturalist and native herbal medicine specialist residing in Addatigala of East Godavari. He, however, lamented the fact that Seema Chinta was yet another example of how the government had failed to realize the potential of an extremely useful tree. “The fruit that was once sold at Rs 5 a kg (in the early 80s) now sells for more than Rs 200 even in places like Rajahmundry. It is tragic that the government has failed to identify and tap the potential of our forest yield to the maximum extent possible,” he said.

Sources in the state horticulture department admitted that so far no concrete efforts had been made to make the extremely useful tree an essential part of mainstream horticulture. They did, however, admit that a tree that could prosper even in desert-like conditions could have a major role to play in improving the economy of arid regions.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Visakhapatnam / by Venkatesh Bayya, TNN / March 14th, 2014

Suven Life grants Taro Pharma rights to market Malathion Lotion in US, Canada, Mexico

Hyderabad :

Suven Life Sciences Ltd, a biopharmaceutical and contract research and manufacturing company, today announced that it has granted an exclusive licence and right to distribute and market its Malathion Lotion USP 0.5% to Taro Pharmaceuticals, North America.

The Hyderabad-based company said it has a US Patent and Abbreviated New Drug Application (ANDA) for it in US, Canada and Mexico.

Taro Pharmaceuticals North America, is a subsidiary of Taro Pharmaceutical Industries Ltd.

Malathion lotion is indicated for patients infected with Pediculus humanus capitis (head lice and their ova) of the scalp hair. In consideration for the exclusive licence and right to distribute and market the lotion Taro will pay Suven a royalty and the arrangement is effective until April 2028 unless otherwise terminated, a company release said without revealing financial details in a press release.

source: http://www.thehindubusinessline.com / Business Line / Home> Companies / The Hindu Bureau / Hyderabad – March 04th, 2014

Bajaj Electronics to expand retail chain

Hyderabad :

Bajaj Electronics has opened its 13th electronics showroom in the twin cities of Hyderabad and Secunderabad and hinted at its plans to roll out more stores in other parts of Andhra Pradesh.

The large format electronics store is located in Secunderabad and fits into the company’s philosophy of offering sales close to their homes.

The three-storey store was inaugurated by B.D.Park. President and CEO, South west Asia, Samsung Electronics, in the presence of actresses Madhu Shalini and Shillpi Sharma.

Speaking to newspersons, Park said that Samsung sees India emerging as the top market for Samsung globally by 2020.

source: http://www.thehindubusinessline.com / Business Line / Home> Companies / by The Hindu Bureau / February 26th, 2014

Mughal Emperors eyes medical tourists from Iraq

The company is promoted by Yakub Habeebudin Tucy, the great grandson of last Mughal Emperor Bahadur Shah Zafar.

Hyderabad-based Mughal Emperors Logistics Private Ltd is reaching out to Iraqi nationals interested in medical tourism in India.

The company, which is promoted by Yakub Habeebudin Tucy, the great grandson of last Mughal Emperor Bahadur Shah Zafar, said it was also looking at Jordan and Palestine.

According to Tucy, the potential medical tourists from Iraq toIndia is 800-900 every year. While a less severe medical therapy costs around Rs 60,000 in Iraq, in India it costs Rs 15,000-20,000. The cities mostly preferred for therapies are Mumbai, Chennai and Hyderabad.

On average, a medical tourist from Iraq stays for 20-25 days in India, while in some cases it’s around 60 days.

On the total Indians visiting Iraq annually, Tucy said more than 16,000 visit places of religious interest including the shrines of Abdul Qadir Gilani in Baghdad, Imam Hussain in Karbala and Imam Aliin Najaf. Some Indians also throng the ruins of Babylonia on the River Tigris.

Mughal Logistics is ferrying a batch comprising 100-120 individuals every two months to these holyplaces for the Muslim community.

It runs a seven and eight-day package for Indians travelling to Iraq, priced at Rs 65,000 and Rs 75,000 respectively.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / by BS Reporter / Hyderabad – March 05th, 2014