Category Archives: Business & Economy

VBC Ferro hives off captive power plant

VBC Ferro has reported a net loss of Rs 2.42 cr for the second quarter ended September 2013.

Hyderabad -based ferro alloys manufacturer, VBC Ferro Alloys Limited, has decided to hive off the 2×60-Mw coal-based power plant, which it is developing for captive requirements, to facilitate its speedy implementation. The board of directors, at its meeting held on November 9, accorded its in-principle consent for the same.

“Keeping in view the acute power shortage scenario in AP, the board felt it necessary to implement the captive power plant on a priority basis as the existing ferro alloy unit is unable to carry on its manufacturing operations due to high power tariff and non-availability of adequate power,” VBC Ferro said in a filing to the BSE on Monday. VBC Ferro reported a net loss of Rs 2.42 crore for the second quarter ended September 2013, as against a net loss of Rs 4 crore in the corresponding quarter previous year. Total income stood at Rs 50.25 lakh during the quarter, as compared with Rs 4.75 crore last year.

source: http://www.business-standard.com / Business Standard / Home> Companies> News / by BS Reporter / Hyderabad – November 11th, 2013

A space to discover innovation, entrepreneurship

At Devthon, people with ideas can interact with others who can provide feedback and tech support that can turn it into a reality.
At Devthon, people with ideas can interact with others who can provide feedback and tech support that can turn it into a reality.

At times when there is pressure to grab a job as soon as possible and perform well, how often do we find time and a place where ideas can be proposed without any hesitation and have a set of people give it constructive feedback without professional insecurities?

Devthon, started by three Hyderabadis in March this year, is one such initiative where people can propose their ideas, get feedback and take it till the stage of implementation. The ideas are not limited just to business ventures but may also include social issues like transportation, Right To Information and so on.

“Academics limits ideas to dialogue. We wanted to create a space where people will propose their ideas without hesitation, and to people who are interested in innovation, tinker with them and be inspired by others,” shares Venkatesh Goteti (40), co-founder of Devthon and also co-founder of Azri Solutions Pvt Ltd.

Fellow co-founder Harish Krishnan (34), a technology entrepreneur who roped in Venkatesh for the initiative, adds, “Devthon is an initiative where culture of innovation and excellence is focused upon and we welcome simple to complex ideas.”

Organisers of the initiative have conducted five editions of Devthon till date and the sixth is being scheduled for December 14.

In the earlier editions, many ideas popped up and some were implemented as well. “A man came up with the  idea of an open source job portal where different communities can post updates; most of the existing job portals are broken and do not work properly. We invited him to Devthon 0.2 held in Bengaluru where a couple of people gave him feedback. Then he came back again to the next edition where designers helped him create a logo and some developers added the code to his project titled Chaakri and some of us tested the code too. So this is how ideas are worked on at Devthon,” explains Prashanth Venkatasubban (25) who was the initial brainchild behind the initiative.

Some other ideas that were bounced around included developing a more ergonomic desk-chair and mapping bus transportation in Hyderabad.

Now, giving a free space for exploring ideas is a great, but in tech-ridden city like Hyderabad, how does Devthon stand out from other start ups? Venkatesh says, “In meet ups conducted by others, usually they last for two to four hours and participants plan other things after the meet up. While each Devthon edition lasts for 36 hours, people can choose to rest at the venue where it is conducted or go back to their places and come back. The point is to work on the idea for an extended period of time.”

Devthon, which is actually short for Developers and Marathon, reflects the motto in their name as well.

Apart from the discussion sessions, the organisers call in people who are experts in the field of innovation to give talk. “For one of the editions, an innovation consultant from United Kingdom, Andrew gave a talk about how to ideate. He explained how one could articulate, critically examine and solve their problems, which really helped the participants,” adds Venkatesh. The organisers charge `500 as participation fee which is used towards refreshments for the seminar.

Currently held at Bengaluru and Hyderabad, the founders hope to make Devthon a pan-India initiative. “Some of the people who participated in our earlier editions actually live abroad and have expressed their willingness to conduct the editions in the countries they stay. But we are still waiting to give it a proper structure. Any idea needs to be nurtured to strengthen it,” shares Venkatesh.

If you have a burning idea but don’t have the required skills or manpower to execute it, maybe Devthon can help you. You can find out more at www.devthon.org.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by K. Shiva Shanker – Hyderabad / November 27th, 2013

Park Hyatt Hyderabad named best luxury hotel

Hyderabad :

Park Hyatt Hyderabad has been named the Best New Luxury Hotel in the Country at the World Luxury Hotel Awards 2013.

The very best performances of top hoteliers from across the world were recognised and celebrated at the 2013 World Luxury Hotel Awards at a ceremony in Thailand hosted at the Indigo Pearl Resort Phuket earlier this month. The event had participation from top luxury hotels, casinos, lodges and resorts.

“We are honoured to receive this award as it is an inspiration to the nominees to raise their levels of service excellence in order to feel comfortable in competing on an international level and to set a benchmark for themselves,” Sven Hoffmeyer, General Manager at Park Hyatt Hyderabad, said in a statement.

The World Luxury Hotel Awards is about congratulating hotels that have taken the extra step with regards to their facilities and service excellence differentiating themselves from ‘good hotels’ to ‘exceptional hotels’.

The awards were presented to almost 144 hotels around the world. Winners and finalists were selected from votes cast by guests, travel industry delegates, tour operators or independent travel consultants.

source: http://www.thehindubusinessline.com / Business Line / Home> News> National / by The Hindu Bureau / Hyderabad – November 12th, 2013

JWT Hyderabad gets new head

Hyderabad :

After a long and successful career, Santha John Managing Director of JWT Mindset, Hyderabad will be passing the leadership position to Ram Gedela.

From January 1, she will be assuming an advisory role as Chairman Emeritus, said Colvyn Harris, CEO South Asia of JWT.

In a statement he said, “In recognition of her contribution in bringing JWT Mindset to the forefront and making it a leading advertising agency in the South of India, Santha will continue her association with JWT in an advisory role.”

An industry veteran with over 30 years of experience, Santha John established Mindset Advertising Private Ltd along with Ram Gedela in 1998. It grew into one of the most awarded agencies with a roster of blue-chip clients, across Hyderabad’s key sectors. In 2011, JWT acquired a majority stake in Mindset Advertising and the agency was rechristened as JWT Mindset.

JWT Mindset consists of a team of 47 people and offers a full-service range of creative services, strategic planning and execution in digital, print and television. Its major clients include Airtel (AP& Kerala), ADP, Broadridge Financial Solutions, Coromandel International Ltd, Dr. Reddy’s Labs, Food Fats & Fertilizers Ltd, Gati Ltd, HIL Ltd, HSBC, Oakridge Group, PHI Seeds, Videocon and LOT Mobiles amongst others.

source: htttp://www.thehindubusinessline.com / Business Line / Home> Business / The Hindu Bureau  somasekhar.m@thehindu.co.in / Hyderabad – November 13th, 2013

Granules inks pact to buy Auctus Pharma

Pharma firm Granules India Ltd on Monday signed a definitive agreement to acquire 100 per cent stake in privately-held Auctus Pharma for an undisclosed sum.

The acquisition of Auctus, an Active Pharma Ingredients (API) producer, is expected to be completed in the next 3 to 6 months.

Auctus operates an API facility in Pharmacity, Visakhapatnam and an intermediate facility in Hyderabad and has all necessary approvals in place from regulatory agencies such as the US Food and Drug Administration, European Directorate for the Quality of Medicines & Healthcare (EDQM), Health Canada, Korea Food and Drug Administration and WHO-Good Manufacturing Practices, Granules said in a statement.

“Auctus provides Granules with an API platform having the US FDA approved site to strengthen its finished dosage division…,” said Krishna Prasad, Managing Director, Granules India, whose profit after tax during the first half of the current financial year stood at `31 crore.

Meanwhile, Granules has announced the setting up of a 10,000 sq ft Research & Development facility in Hyderabad that will focus on full scale generic API development besides supplementing the company’s existing R&D facility in Pune.

“The acquisition is one part of our three-prong growth strategy. In addition, our team is eagerly awaiting the commercializatoin of our third growth driver, Granules OmniChem, a collaboration with Ajinomoto OmniChem, a premier CRAMs manufacturer,” said Harsha Chigurupati, Executive Director, Granules India.

source: http://www.newindianexpress.com / The New Indian Express / Home> Business / by ENS – Economic Bureau – Hyderabad / November 14th, 2013

Jewellery brands ‘lounge’ on HNIs

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Hyderabad: 

As the old adage goes, “Diamonds are a girl’s best friend,” jewellery makers are banking on this idea to introduce innovative concepts such as jewellery lounges to make women feel more precious like the precious stone itself.

Jewellery brands such as PC Jewellers have come up with concepts such as ‘Luxury with Literature’ (lounge format) where high-network individuals (HNIs) can select designs from these lounges.

According to Sanjeev Bhatia, chief financial officer of PC Jewellers, the lounges are for high-networth individuals (HNIs). “We want to focus on this segment where jewellery pieces don’t cost less than Rs 5 lakh,” he told this correspondent.

The lounge is a flagship concept of PC Jewellers that includes the literature of the ensemble, explaining the making of the jewellery, its constituents and the theme that engages the customer towards a particular piece.

Bhatia adds: “Given that HNIs opt for top jewellery designers for exquisite pieces, we want to grab that pie and be a brand that introduces such a collections.”

Apart from this, even online jewellers such as Caratalane.com has launched an offline ‘Solitaire Lounge’.

While experts at this lounge guide buyers on diamond or solitaire purchases, the purchase can either be made on their website or at the experience lounge.

While offline lounges are for traditional customers who are not very comfortable purchasing high-value products online, e-commerce players see its as a different ballgame.

Jewelsnext.com’s ‘Virtual Jewellery Experience Lounge’ proves to be a game changer in the e-commerce space, says Gaurav S. Issar, CEO of Jewelsnext.com

“After the integration of the Virtual Jewellery Experience Lounge JewelsNext hopes to cross the 100 transactions a day, adding to the projected turnover. JewelsNext would also be licensing this technology and generating additional revenue of Rs 8-10 crores.”

Whether online or offline, diamond jewellery has its own set of buyers and will always grow, says Bhatia, who adds that gold still contributes to 70 per cent of the jewellery purchases in India while diamond jewellery grabs 30 per cent of the market share.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> News> Business-Tech / DC / by Tejaswani Pagadala / November 11th, 2013

Pedana Kalamkari made of natural colours gets GI tag

Pedana is a small town just 13 km from Machilipatnam, the Krishna district headquarters in coastal Andhra Pradesh. This small place has  carved a niche for itself with its own style– Kalamkari textile materials. 

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Over 1,000 artisan families survive on making vegetable dyes, blocks and printing of 25 distinctive Kalamkari textiles, including bedsheets, lungis, kerchiefs, curta­ins, Punjabi suits and sarees.

The Machilipatnam Kalamkari craft, made at Pedana, evolved with patronage of the Mughals and in the later years, the Golconda sultanate. “The word Kalamkari means, drawing with a pen. But our style is different from that of the Srikalahasti style or Pen Kalamkari,” says K Sudhakar, a second generation producer and trader of Kalamkari textiles in Pedana.

In Srikalahasti style, a pen is used for free hand drawing and then filled with colours. Deities and scenes taken from the great Hindu epics–Ramayana and Maha­bharata–and the mythological classics, particularly the “Dasavataras”, are drawn on fabrics by hand. They employ the same method even for making paraphernalia used in temple festivals in southern India.

Artistes in Pedana use vegetable dyes and colours as they are pure and organic and have absolutely no side effects on users or the environment. Vegetable dyed fabri­cs and other items are more beautiful, popu­lar and costlier than the regular products available in the market today. The reason is that it takes longer time and great effort to prepare vegetable dyes.

All vegetable colours are made using minerals, leaves, flowers and bark of different trees. For instance, distinctive red colour, a kind of trade mark for Kalamkari, is derived from a solution of alum and tamarind seed powder. Tamarind seed powder is boiled till it mixes well with water and then it is left to cool down to the normal temperature. The solution is then filtered using a muslin cloth. Alum works as the colour fixer for the solution.

Iron ore is used to make the black dye. The ore is powdered and boiled to make a solution. Process of cooling and filtering is involved while making all vegetable dyes. When the dye is ready, it is directly applied onto the pattern with a wooden block.
“For 20 kg of iron we use 15 kg of jaggery and 25 litre of water,” a worker at the Siva Aditya Handloom Textiles at the Brahma colony of Pedana says.

Similarly, violet colour is made out of natural indigo crystals. They are powdered and boiled to make a solution, yellow from turmeric and harad are used to make
yellow, mustard, lemon yellow and other tints and shades of yellow.

Along with buffalo milk, myrobalan is also used in Kalamkari. Myrobalan rem­oves the odd smell of buffalo milk. The myrobolan can easily fix the dye or colour of the textile while treating the fabric. Alum is used in making natural dyes and also while treating the fabric. Alum ens­u­res the stability of the colour in Kalamkari fabric.

The cotton fabric, made in powerloom with a certain weft and warf, comes mostly from Tamil Nadu and Maharashtra. All the 12 production units in Pedana buy cloth in huge quantities and distribute to workers who either take it up on a piece basis or work on weekly wages under a producer.

The wooden blocks are made as per the design given by the owner. “Generally the design made on paper is copied on the wooden blocks. Carving is done with improvised instruments made out of car valves, fan bearings and foundry equipment. I prefer rosewood as it is hard. Teakwood blocks wear off very fast. Also, carving needs special skills and pati­e­nce,” says Madhusudan. After the printing is done with the help of these blocks, colours are put carefully. Later, the cloth is dipped in water for a while to help colours to get properly absorbed in the fabric.

From now onwards, the production of Machilipatnam Kalamkari is geographically limited to Pedana town and neighbouring villages of Machilipatnam, Pol­av­aram and Kappaladoddi in Guduru man­dal of Krishna district.

In August, the Machilipatnam style of art was registered in the Geographical Indications Registry (GIR) of the Government of India under the Geographical Identification of Goods (Registration and Protection) Act, 1999.

Members of Vegetable Dye Hand Block Kalamkari Printers’ Welfare Association, Pedana, have received the registration certificate from the GIR, Chennai.  In the GI Registration, this art form has, however, been recognised as “Machilipatnam Kalam­kari”. “The registration will enable us to initiate legal action against those who copy the art or design in any form. It also restricts the production of fabrics with Kalamkari art in the areas falling out of the registered geographical area,” says  Welfare Association executive member B Anand Prasad.

The ingredients used in the preparation of colours, stages of applying the dye and designs on fabrics were also submitted to the GIR authorities for the conservation of the art as well as easy identification of violators anywhere. Nevertheless, the geographical identification was limited for a few areas of production – such as textiles and textile goods, bedsheets and table covers, clothing, carpets, rugs, linoleum and other materials for covering existing floors and embroidery.

The welfare association now has the right to seek legal action against those copying the art form of the registered products. On the one hand, efforts are being made by the Indian Council of Agricultural Research to produce new colours meant for Machilipatnam Kala­mkari and,  on the other, a special training programme on applying new colours was completed recently.

source: http://www.deccanherald.com / Deccan Herald / Home> Special Features / DHNS / Machilipatnam, JBS Umanadh – November 10th, 2013

Hyderabad airport wins best cargo airport award

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Hyderabad :

The Rajiv Gandhi International Airport (RGIA) in Hyderabad has been judged the “best cargo airport of the year” at the recently held 40th Annual Convention of Air Cargo Agents Association of India in Jaipur.

This is the second year in a row that RGIA has been recognized for its cargo operations, said a statement by GMR Hyderabad International Airport Ltd (GHIAL), the operator of the airport.

“Winning this award for the second consecutive year demonstrates our commitment in service excellence to our customers and stakeholders. This award is a welcome boost for us in our endeavours to establish RGIA as a logistics hub of India,” said S.G.K. Kishore, CEO, GHIAL.

RGIA has emerged as India’s first and only airport based Free Trade Zone, providing high value potential business opportunities to customers in the region for value processing, trading and distribution.

ACAAI is the national association representing the air cargo Industry in India. It promotes growth, development and professionalism in the cargo agency business.

source: http://www.ianslive.in / IANS Live / Home> Business / by IANS / Hyderabad – November 11th, 2013

IIT ‘biggies’ gobble up 200 affordable schools

Hyderabad :

If you have just moved to Hyderabad and looking for an affordable school near your locality, chances are that it has shut down and an expensive school that runs exclusive IIT training courses for students  from an early age has sprung up in its place.

In the past year-and-a-half, at least 200 “affordable” private schools have been gobbled up by two chains of educational institutes that provide courses for competitive exams from junior level. About 2,000 such institutes have mushroomed in the same period across the twin cities.

These schools, which lure parents with dreams of seeing their children becoming future IITians with fat salaries have left officials very worried. “Parents should have a choice about which school they want to send their wards, but that is seldom the case now,” A Subba Reddy, a district education officer told STOI.

Some of the schools which were immensely popular with the middle-class but have shut down, include St Augustine in Boiguda, Sadar school at Madannapet, Vidyaniketan Talent School at Narayanguda, Om Vidyalaya at Barkatpura and Genius Grammar High School and Shantiniketan High School, Amberpet.

Some areas in the city have seen a huge drop in “affordable” schools, where the annual fees hover around Rs 35,000-Rs 40,000 per year compared to Rs 75,000 -1 lakh per year charged by specialist schools.

Officials and parents association members said IIT coaching schools are either buying out the neighbourhood schools, or luring students with free tuitions for a short while and later charging huge sums for training their kids for competitive exams.

“Parents should encourage smaller schools by not getting drawn to the bigger brands,” said Sangeetha Reddy, a school owner. S Srinivas Reddy, president of the AP Recognised Schools Management Association, said he has come across many such instances and in one case managed to stop a very popular school in Ramanthapur

from shutting down, after a big chain had lured half of its students away.

“They were running into losses and I somehow managed to save it with help from some like-minded people,” Reddy told STOI. But not many were so lucky. “I struggled to find a decent school which was cheaper as the one recommended by my relative in Bangalore. I am forced to spend nearly 40% of my salary now on education of my two kids,” said Mrinalini Nair, a resident in Himayatnagar.

About six months ago, the schools education department had asked all specialist schools to drop qualifying words such as “Techno” and “Olympiad” to prevent marketing of the brand name, but no steps have been taken to implement so far.

source: http://www.articles.timesofindia.indiatimes.com / The Times of India / Home> City> Hyderabad> Schools / Nikhila Henry, TNN / November 10th, 2013

AP Science Congress

Hyderabad :

The three-day Andhra Pradesh Science Congress will be held at the University of Hyderabad from November 14. The theme is `Innovations in Science and Technology for emerging knowledge society.’

The annual science event is being jointly organised by the A.P. Akademi of Science and the university. About 500 scientific papers will be presented over a period of three days in six parallel sessions, according to Ch. Mohan Rao, President of the Akademi and Director, Centre for Cellular and Molecular Biology said.

The A.P. Akademi will celebrate its golden jubilee with year-long S &T activities from December, 2013 to December, 2014, covering the entire state of Andhra Pradesh, he said. 

source: http://www.thehindubusinessline.com / Business Line / Home> News> Science / by The Hindu Bureau / Hyderabad – November 08th, 2013