Category Archives: Business & Economy

‘Fish’ speaks for threatened marine life

The unique fish which greets participants at the entrance to the Hyderabad CBD conference venue. /  Photo: Mohammed Yousuf / The Hindu

The sculpture made by British artist Silas Birtwistle was built with plastic trash for CoP-11

A table made out of driftwood for Nagoya, and a fish sculpture built with plastic trash for Hyderabad — that is the awareness-raising contribution of Silas Birtwistle, a British artist, to two international conferences of the Convention on Biological Diversity.

The 3 metre-long, 1.5 metre-tall fish greeting participants at the entrance to the Hyderabad CBD conference venue is a colourful mosaic of plastic waste, sporting remnants of many commercial brands. It is a symbol of the heavy impact of land-based activity on the seas, and highlights the plight of the coastal communities whose youth have collected the trash and sent it on to the artist.

Some waste from city

This piece of garbage art became possible through the involvement of about 35 young people who collected the plastic and posted it in boxes it to Silas, and his brother Adam, also an artist and collaborator. Some of the waste that helped make the fish is from Hyderabad, the venue of the XI Conference of the Parties to the CBD.

“The plastic waste that washed up on shores has come from many places, including the Philippines, Tasmania, Belize, Costa Rica and Canada,” Silas told the media on Friday at a CoP-related event. The youth who sent it to him would get their first real look at the end result only when they arrive at the venue next week.

They will carry messages for the decision-makers gathering here.

Several participants who collected the trash are fishermen. They work with their communities to stop overfishing and to encourage wider global understanding of the problems facing coastlines and seas. Silas was commissioned to produce the ‘sculpture’ by Go4BioDiv, an international youth forum that has adopted the theme of conservation of coastal and marine biodiversity to sustain lives and livelihoods, during 2012. Among the youth delegates brought together by the forum are those from marine world heritage sites.

For the previous CoP at Nagoya in Japan, Silas put together a conference table made out of driftwood and 12 chairs and the set was used at the conference. Later, it travelled to other venues and meetings.

The wood was collected from the coasts of East Africa, Borneo, Honduras and Canada. That project is now an exhibit on the web, at http://atablefromtheseasedge.com/

“Oceans look the same today, as they did hundreds of years ago, but many people are not able to appreciate the changes such as acidification. Doing things like this is to communicate, use another language to help everyone understand,” says Silas. The fish he has ‘sculpted’ is quite durable and would work like a weather vane, turning when the wind blows. The final display spot of his unusual art work is as yet unclear. “It may go to the Worldwide Fund for Nature or Wildlife Institute of India,” he says.

Threat to seas ‘unprecedented’

Silas was asked at the World Economic Forum in Davos, whether he felt responsible for the environment as an artist. “No,” he told the surprised audience, “you are responsible.”

The CBD describes the threat to the world’s seas from human activity as ‘unprecedented’. Fishing, transportation, waste disposal, agricultural nutrient run-off, and introduction of exotic species are visible threats, while higher levels of carbon dioxide in the atmosphere get absorbed by the oceans, altering their chemistry and affecting marine life.

The United Nations General Assembly has proclaimed the decade from 2011 to 2020 the ‘Decade on Biodiversity.’

source: http://www.TheHindu.com / Home> News> City> Hyderabad / by G. AnanthaKrishnan / October 06th, 2012

Autodesk acquires Pramati’s Qontext platform

US designer buys software to expand social capabilities of its cloud-based service
Autodesk says it intends to use Qontext technology to add new social capabilities to Autodesk 360, its cloud-based platform.

Hyderabad:

US-based three-dimensional, or 3D, design software maker Autodesk Inc. has acquired enterprise social collaboration software platform Qontext from Hyderabad-based Pramati Technologies Pvt. Ltd to expand the social capabilities of its Autodesk 360 cloud-based service.
Qontext comes as a ready-to-use hosted service that helps create contextual conversations with co-workers and customers using bookmarks, discussions, photos, videos, polls, documents and the like. It comes for a monthly subscription “as low as the price of a good coffee”, the company’s website said.
Autodesk said it intends to use Qontext technology to add new social capabilities to Autodesk 360, its cloud-based platform that offers users the ability to store, search and view critical design data and improve the way they design, visualize, simulate and share work with others at anytime, from anywhere.
“Mobile, cloud and social computing are dramatically changing the way engineers, designers and architects work. The addition of the Qontext technology to the Autodesk portfolio will lead to new technology innovations that help our customers embrace these disruptive technologies and leverage them for competitive
advantage,” said Amar Hanspal, senior vice-president of information modeling and platform products at Autodesk, in a statement.
Collaborative platforms that link up the cloud, social media and mobile are much sought after in the enterprise market. This is at least the fifth such purchase in the product space in recent months.
Microsoft Corp.  acquired Yammer Inc. for $1.2 billion in July,  Citrix Systems Inc. bought Podio ApS  for an undisclosed sum in April,  SAP AG  purchased Success Factors Inc.  for $3.4 billion in December and VMWare Inc. acquired SocialCast in May last year for an undisclosed amount.
Research firm Forrester Research Inc. said corporate social software will grow at a compound annual growth rate (CAGR) of 61% to become a $6.4 billion market by 2016 from $600 million in 2010.
Autodesk said the development team of Qontext, founded in 2009 and headquartered in California, will join its rolls with this acquisition. “This transaction is a significant milestone in our ongoing bid to incubate and build firms that address the rapidly changing needs of business through highly innovative technologies,” said  Vijay Pullur , president, Pramati Technologies.
Pramati Technologies was founded as a web technology firm in April 1998 by brothers Jay Raghavendra Pullur and Vijay Prasanna Pullur, who worked with information technology services provider  Wipro Ltd.   before that. The privately held firm had previously sold Pramati Studio, a platform to build developer tools, to US-based  Progress Software Corp.  in 2005.
It has incorporated two other firms for each of its products, SocialTwist, a social and referral marketing tool, and Imaginea, a software product and services firm that counts Visa Inc. and Intel Corp.  among its clients. Pramati employs 500 people across three locations globally, according to its website.
The deal size and transaction terms weren’t immediately disclosed. Jay Pullur said at a press conference in Hyderabad that the company invests sizeable amounts in its subsidiaries and expects “VC (venture capital) type returns”.
Pramati incorporates each of its business ideas as separate companies and builds them into mature products before selling them off. It typically invests $3-7 million in mature companies such as Qontext. Venture capital firms usually expect 5-10 times return on their investment. Autodesk executives said the deal was in the million-dollar range but did not elaborate, citing non-disclosure agreements.
With this acquisition, Autodesk will open a development centre in Hyderabad, its second in India after Pune.
The 25-member development team of Qontext, founded in 2009 and headquartered in California, will join its rolls after the acquisition, said  Soren Abildgaard, senior director, cloud platforms, Autodesk.
Rajiv Shivane, who led the Qontext team, will continue to lead it at Autodesk.
Abildgaard also said Qontext will be absorbed into Autodesk and not be branded separately.
Autodesk is not acquiring the existing customer base of Qontext in this transaction and will not support them,  Shanna Tellerman, the company’s product line manager, Web services, said. Pramati will continue to support them for some time, Jay Pullur said.
Pramati is also talking to prospective buyers to sell SocialTwist, Jay Pullur said but did not disclose more details citing confidentiality pacts. At the same time, it is actively considering acquiring a company by the year-end, he said. “It is a reasonably sized deal,” Jay Pullur said.
source: http://www.livemint.com / Home> Companies / by Yogendra Kalavalapalli / Friday, October 05th, 2012

Course introduced for fashion entrepreneurs in Vijaywada

Fashion Designer Shravan Kumar gives tips at a seminar organised by Samana Institute of Fashion Technology in Vijayawada on Wednesday. /  Photo: V.Raju / The Hindu

The homemakers in the City can now have an option of doing something creative with the introduction of a new “Entrepreneurship Development Programme” (EDP) course in fashion designing.

At the inception of the programme at Samana Institute of Fashion Technology (SIFT), it was introduced in a special seminar by celebrity designer Shravan Kumar from Hyderabad.

The specially targeted course for women will train them in production and marketing of fashionable garments.

“My main intention behind starting this course is to increase the economic standards of women in Vijayawada”, said SIFT CEO Samana Moosavi.

Many women already do some sort of clothes designing from their homes, but they lack proper knowledge about the whole process, she observed.

The course, in 116 sessions over a period of three months, will train them in all the aspects of production house, she added.

The course planned in collaboration with the management of National Institute of Fashion Technology will have classes from renowned designers like Shravan Kumar, P.L. Panda, Krishna Mehta and Zubin Vakil.

Students will be required to spend a minimum of six hours daily for the course but the timings are flexible if a group of people come together, said the CEO.

Admissions

Admissions have already begun for the course and the Institute also provides the facility of getting interested students banking support on their guarantee.

Designer Shravan Kumar gave a special presentation to the students on the changing fashion trends over the world like the Japanese asymmetry. Later, he checked out designs of the students for their upcoming show and gave personal inputs.

“Give a surprise element which your city people are unaware of”, was the advice he gave to the students.

source: http://www.TheHindu.com / Home> News> Cities> Vijayawada / by Staff Reporter / Vijayawada, October 04th, 2012

Wind energy firm Mytrah announces profits in first operational period

Aims to double the capacity to 600 mw in next couple of years

Hyderabad-based Wind energy company Mytrah Energy Limited today said it expects to make a profit before tax (PBT) of $ 10-12 million on a projected revenue of $ 28-30 million  in the first half of the current financial year , its first operational period, in contrast to a perception that clean energy forays take longer gestation to break even.

Founded in October, 2010, the London Stock Exchange listed company has a 316 mw operational capacity. located in seven sites, which it takes to 600 mw by investing Rs 2,000 crore in the next couple of years. The company expects to achieve a 16% return on equity over a period of 25 years of plant life where the wind farm output is typically based on a 25-26% plant load factor(PLF).

Explaining the reason behind early break even achieved in wind energy business Ravi Kailas, chairman and CEO of Mytrah Energy said the support of long term funds, lower capital costs besides internal execution capabilities had become a differentiator from other players in the sector. The company has so far invested about Rs 2,400 crore. However, the future expansion would become much easier and quicker if states like Andhra Pradesh move the tariff from the present Rs 3.50 to Rs 4.50 per unit, according to him.

The revenue accruals for the first half of the year also helped by higher energy output at 39% PLF due to good wind season but for the full year it could be around 26%, Ravi said.

About 270 MW of capacity is currently under development for which the company has been pumping in around Rs 2000 crore investment. Of this about   Rs 700 crore of equity finance has already been raised by the company and currently in talks with various banks to raise the debt, according to Vikram Kailas, managing director of Mytrah Energy said.

“We expect to  make a PBT of Rs 700 crore once we achieve 600 mw capacity. This cash flow would help in further expansion that we have proposed to undertake,” Vikram said. The company proposes to establish 5000 mw of installed capacity in wind energy with a total capex of Rs 30,000 crore by 2017-18

source:  http://www.Business-Standard.com / Home> Companies & Industry / by Dasarath Reddy / Hyderabad, October 03rd, 2012

Hyderabad Metro to distribute saplings

Hyderabad, OCT. 2:

Hyderabad Metro Rail Ltd has made arrangements for distribution of saplings as a part of its Vana Prasadam scheme.

To supplement the efforts of other Governmental organisations and to increase the green cover in the city, the HMR has decided to distribute saplings free-of-cost to individuals, organisations, resident welfare associations, authorities of educational institutions and other organisations under ‘Vana Prasadam’ scheme, N.V.S.Reddy, Managing Director of HMR, said. Saplings mostly of native species will be distributed at Elders’ Mela being held at Zoroastrian Club near Yatri Nivas, Secunderabad, for three days during October 2 to 4. They will also be given at the HMR in Metro Rail Bhavan.

For plantation of over 100 saplings in any identified locality or campus, HMR officials will arrange plantation. HMR is now on Facebook (www.facebook.com/hmrlgov).

rishikumar.vundi@thehindu.co.in

source: http://www.TheHinduBusinessLine.com /  Home> Industry & Economics > Logistics/ by Hindu Bureau / Hyderabad, October 02nd, 2012

AP to set up incubation centre for product-based IT start-ups, SMEs

The incubation centre, spread across 27,000-sft area, will come up near Hi-tech city in Hyderabad

To encourage product development among start-ups and small and medium enterprises (SMEs) under information technology (IT) domain, the Andhra Pradesh government is planning to set up an incubation centre in Hyderabad.

“The state is now more focused on promoting product development in the IT sector. With objective to facilitate product development in the state, this initiative will empower the start-ups and other independent developers to come and use the plug-and-play facility,” P Venugopal, director of Software Technology Parks of India (STPI) Hyderabad, told Business Standard.

The incubation centre, spread across 27,000-sft area, will come up near Hi-tech city in Hyderabad. “We expect the centre to become operational in the next six months,” he said.

The state has appointed a consulting agency, which is working on the feasibility of the centre. “The drawing has been approved by the government, now the agency is preparing the estimated cost for the centre,” he said.

Replying to a query on the number of product development companies that are going to be benefited through this incubation centre, Venugopal said, “Once the centre will become operational, we can put a number.”

source: http://www.Business-Standard.com / Home> Economy & Policy / by Itishree Samal / Hyderabad, October 02nd, 2012

Harvest food

Mooncakes at Golden Dragon

Indulge in a variety of delights at Golden Dragon

Get practising on chopsticks; it’s that time of year when you can treat yourself to spicy, sweet and tangy tastes of China. The on-going August Moon Festival at Golden Dragon in Taj Krishna has got a host of items on offer. A harvest festival of China, it is considered an epicure’s delight. For starters, dig into the Macadamian nuts with stir fried onions and their mushrooms and water chestnut in barbeque glaze. You wouldn’t go wrong in opting for the soft shell crab in butter chilly garlic or the wok tossed rock lobster chilli coriander. Move over to the soups and you have the appetising spicy mushroom, corn and zucchini broth and the sea-food coriander soup.

The August Moon Festival menu is exciting, with extensive sea-food options like stir fried squids served along with Chinese greens, or their east-coast prawns with sweet peppers and shitake in spicy hoisin sauce. If you’re looking for something simple, opt for the sliced fish in tangy yellow bean sauce. Coming to poultry and meats, try the diced duck in star anise flavoured orange sauce. Chef Ajai Rawat and Chef Hung Fong Ng vouch for the home style tenderloin. Its World Vegetarian Day today, so we askabout what’s in store for vegetarians. Ajai quickly says, “You have to try the crunchy water chestnuts and Tofu in wild pepper sauce.” Those who don’t like Tofu can opt for the wok tossed zucchini and broccoli in tangy plum glaze. Pick the broccoli and egg white fried rice or the spicy chilli bean flat noodles.

The August Moon Festival is nothing without the moon cakes. Chef Ajai reveals that the cakes are baked with fillings. One of the varieties has a red bean (sweetened) pastry roll, which is baked. This cake is best served hot. The white coloured moon cakes are served cold and made with glutinous rice with a sweet stuffing. Besides, one can end the meal on a sweeter note with a pineapple and coconut pancake, which fills your mouth with an exotic taste of sour and sweet.

source: http://www.TheHindu.com / Home> Life & Style> Food / by Vishnupriya Bhandaram / Hyderabad, September 30th, 2012

Meet on legume genetics to open in Hyderabad on Oct. 2

Hyderabad, September 29th:

The International Crops Research Institute for Semi-Arid Tropics (ICRISAT) and the Indian Council of Agricultural Research (ICAR) will host the sixth international conference on Legume Genetics and Genomics (ICLGG) here.

The six-day conference will begin on October 2. About 500 delegates from 44 countries are expected to attend the conference to discuss advances in the area of legume genetics and genomics.

William D. Dar, Director-General of ICRISAT; Swapan Datta, Deputy Director-General (Crop Science) of ICAR; and Rick Dixon, Plant Biology Division Director and Senior Vice-President of Noble Foundation, the USA, will address the conference.

“This conference is of great significance for India as legumes form an important constituent of the vegetarian diet consumed globally and complement cereal crops as a rich source of dietary protein (ranging from 20-40 per cent),” Dar said here in a statement.

India is the largest or one of the largest producers of a majority of pulse crops in the world. It contributes 25 per cent to the global legume production.

“Despite being the largest producer for the majority of pulse crops there is a significant difference in its production and consumption. Owing to this huge difference in the production and consumption, India has to spend a significant amount of its foreign currency on import of these legumes to fill the gap. In 2008, India spent about $2 billion on the import of these legumes,” an ICRISAT statement said.

Earlier editions of the conference have been held in the US (twice), France, Australia and Mexico.

kurmanath.kanchi@thehindu.co.in

source: http://www.TheHinduBusinessLine.com / Home> Industry & Economy> Agri-Biz / by Business Correspondent / September 29th, 2012

AP a model in skill development: K.C. Reddy

Senior citizen Varahalu Chetty being felicitated at the 88th birth anniversary celebrations of V.B.V. Reddy at Dr. L. B. College in the city on Thursday. Former AU rector A. Prasanna Kumar, Chairman of Rajiv Education and Employment Mission of AP K. C. Reddy, Port Chairman Ajeya Kallam and Director General of Prema Hospitals S.V.Adinarayana Rao are seen. / Photo: A. Manikanta Kunmar / The Hindu

Rich tributes paid to V.B.V. Reddy, founder-president of Dr. Lankapalli Bullayya College

Andhra Pradesh State has become a model in skill development and every week many delegations from upcountry are visiting Hyderabad to study the model, according to Chairman of Rajiv Education and Employment Mission of AP, K.C. Reddy.

Delivering the inaugural V.B.V. Reddy memorial oration arranged on the occasion of the 88 birth anniversary of VBV Reddy at Dr. Lankapalli Bullayya College here on Thursday, he said that the Government identified employment potential/opportunity and trained youth assuring them gainful employment.

This was an answer to the complaints of industry about the mismatch in academic world. Private sector had become dominant, wanting specific skills.

“The market also provides an opportunity for people to go and get trained. But how many can afford to pay? As many as 2.2 lakh people trained by the Government are 45 per cent are BCs, 26 per cent SC/STs, and others belonging to self-help group households.

We have completed seventh district visit of Indirammabata,” he disclosed.

Prof. Reddy said development must become participatory, inclusive or otherwise it would become a problem instead of enriching the society. Education with definite focus of skill development and vocational training would provide results.

If there were no skills created, the young India with majority of youthful population, would go restive.

“When you have large number of youth, the tolerance levels will be limited,’ he cautioned.

Paying glowing tributes to V.B.V. Reddy, founder-president of Dr. Lankapalli Bullayya College, he was one of the persons who played a key role in value system and was a great philanthropist.

Prof. Reddy also felicitated former Vice-Chancellor of Acharya Nagarjuna University B. Swami, social workers Susarla Gopala Sastry and Kasim S. Mehdi and Varahalu Chetty of Book Centre on the occasion.

Chairman of Visakhapatnam Port Trust Ajeya Kallam, who unveiled a portrait of V.B.V. Reddy at the venue, said that V.B.V. Reddy belonged to a generation which believed in Indianness in our institution and tradition.

“I heard so much about him. They did business in VPT but never behaved like stevedores. They created institutions and took care of workers because they believed in trusteeship which Gandhi talked about,” he stated.

Former Rector of Andhra University and noted commentator A. Prasanna Kumar said that education, science and technology contributed to social growth and VBV Reddy a visionary founded The Society for Collegiate Education which set up Bullayya College.

Director General of Prema Hospitals S.V. Adinarayana Rao said V.B.V. Reddy always supported sports activities in the city and suggested that the Bullayya College complex and road be named after him.

Earlier, Director of the college K. Bhaskara Reddy welcomed the gathering and Secretary and Correspondent G. Madhu Kumar proposed a vote of thanks.

source: http://www.TheHindu.com / Home> News> Cities> Visakhapatnam / by Special Correspondent / September 28th, 2012

Meet top entrepreneurs, CEOs, PE, VC & angel investors at VCCircle Hyderabad Investment Forum on Oct 11

After the successful first edition, the 2nd edition of VCCircle’s Hyderabad Investment Forum will capture and identify the emerging sectors and the entrepreneurs who will redefine and lead the industrial scenario of Andhra Pradesh in the coming years. The event will be held at ISB Campus in Hyderabad on October 11.

Hyderabad, dubbed as Cyberabad in the recent years, has evolved into India’s bulk drug capital or MFI capital or EPC capital. Formerly an agriculture economy, the city is now witnessing the emergence of high quality businesses in IT, healthcare and education sectors. At the same time, the native penchant for construction and contracting continues at the same pace.

The VCCircle summit will discuss key issues impacting the entrepreneurial ecosystem of Andhra Pradesh and will also highlight the attractive opportunities which may surface in the coming years. The panel discussions will bring valuable insights in areas ranging from discovering the entrepreneurial DNA of the state to identifying the sectors and stages that appeal to the investors.

Our sector-focused panels on infrastructure, healthcare and emerging tech themes, such as digital content, e-commerce, SaaS and mobile, will map the opportunities for entrepreneurship and investments in the near future. The forum will also feature two inspiring accounts by entrepreneurs on how they started up, raised funding and scaled up – real-life tales that redefined the spirit of entrepreneurship in the state.

For those seeking capital, we have special VCCircle Lounge sessions where we connect handpicked companies with India’s topmost private equity and venture capital investors. Some of the key speakers at the summit are:

Richard B. Saldanha – Executive Director, Blackstone
Aluri Srinivasa Rao – MD, Morgan Stanley Private Equity
Devendra Surana – MD, Bhagyanagar India Ltd
Raja Kumar – CEO, Ascent Capital
Karthee Madasamy – MD, Qualcomm Ventures
Dr N. Krishna Reddy – CEO, Care Hospitals Group
Parag Dhol – MD, Inventus Capital Partners
Gopal Srinivasan – Chairman & MD, TVS Capital Funds
Raj Seelam – MD, Sresta Natural Bioproducts Pvt Ltd
Ranjith Boyanapalli – Founder & CEO, BuyThePrice.com
Sateesh Andra – Managing Partner, Ventureast Tenet Fund
Sandeep Reddy – MD, Peepul Capital Advisors
Santanu Paul – MD & CEO, TalentSprint
Sudesh Menon – CEO, Waterlife India Pvt Ltd
Suresh Chukkapalli – Founder & Chairman, Phoenix Group
Vamshi Reddy – Co-founder & CEO, Apalya Technologies
Varma Rudraraju – Founder & CEO, Aizant
Vikram Vuppala – Founder & CEO, NephroPlus
Konda Vishweshwar Reddy – MD, Citadel Research and Solution Ltd
… and many more are joining.

If you are interested in attending the event, please write to us at register@vccircle.com

source: http://www.techcircle.vccircle.com / Home> Announcement / September 28th, 2012 / Team TC