Saturday, October 15, 2016

Road named after Vejandla Venkateswara Rao in Mumbai

V V Rao Marg, Nariman Point, 400021 street is located in the Mumbai City, Mumbai District, Maharashtra state, India was named after Late. Vegendla Venkateswara Rao.  

Venkateshwara Rao Vajendla also known as "V V Rao"  (October 12, 1941 - October 21, 1999) was born in  Pamulapadu Village, Guntur District. He served as Chief Fire Officer Mumbai Fire Brigade was awarded President’s Fire Service Medal for Distinguished Service in 26th January, 1997. V V Rao has worked in the fire brigade for 42 years.  

For the first time a chief fire officer was given the guard of honour after his death was in 1999, when the chief fire officer was V V Rao. His body was taken in a truck to Shivaji Park crematorium. In October 1999, then CFO VV Rao had died following a cardiac arrest in the civic headquarters.

His son Ananda Rao Vegendla married BJP leader Late.Pramod Mahajan's daughter Poonam Mahajan alias Poonam Vajendla Rao (MP from Mumbai North Central) 

Friday, October 14, 2016

Sreekanth Chalasani granted $1 million to harness sound to control brain cells

LA JOLLA--Salk Institute for Biological Studies Associate Professor Sreekanth Chalasani has been awarded a grant from the National Institutes of Health's (NIH) Brain Research through Advancing Innovative Neurotechnologies (BRAIN) Initiative for developing a way to selectively activate brain, heart, muscle and other cells using ultrasonic waves, which could be a boon to neuroscience research as well as medicine.

Chalasani will receive over $1 million for the first year of the award to expand his groundbreaking technology into mammalian cells. If it works in humans, such a technology could be used for deep brain stimulation--a common treatment in Parkinson's and depression. It could also be used outside of the brain to act as a pacemaker for a heart or to produce insulin from pancreatic cells.

"The Chalasani lab developed a revolutionary way to precisely target specific cells in a living organism using sound waves," says Salk President Elizabeth Blackburn. "With support from the BRAIN Initiative, Sreekanth will be able to expand his trailblazing science which could lead to many exciting applications in research and medicine."

Chalasani's new technique, which he calls sonogenetics, has some similarities to the burgeoning use of light (optogenetics) to activate cells in order to better understand the brain, but is less invasive. This method-which uses the same type of waves used in medical sonograms-may have additional advantages over optogenetics particularly when it comes to adapting the technology to human therapeutics. Chalasani first demonstrated the technique on nematodes in 2015, showing that low-intensity ultrasound waves propagating into the worms caused a membrane ion channel called TRP-4 to open and activate cells. His team also added the TRP-4 channel and successfully activated neurons that don't usually react to ultrasound. With the new grant, Chalsani is developing technology to deliver focused ultrasonic waves to particular regions of the mammalian brain and is also exploring additional ion channels that could be targeted with ultrasound.

"I am very grateful for the support to pursue this research and see whether this technique can work in mammals and translate to humans for medical benefits," says Chalasani, who is collaborating with additional Salk labs as well as with the University of California, San Diego on the effort.

"In only three years we've already seen exciting new advances in neuroscience research come out of the BRAIN Initiative," says Walter J. Koroshetz, MD, director of NIH's National Institute of Neurological Disorders and Stroke. "There are very few effective cures for neurological and neuropsychiatric disorders. By pushing the boundaries of fundamental neuroscience research, NIH BRAIN Initiative scientists are providing the insights researchers will need to develop 21st century treatments."

Thursday, October 13, 2016

Australia-based Venkat Suhas Atluri donates gold crown to Saibaba shrine

Shirdi: An Australia-based Saibaba devotee, Venkat Suhas Atluri, today donated a gold crown, weighing 748 grams, to the Shirdi shrine here, officials said. The crown, adorned with multi-coloured gems, is estimated to be worth over Rs 21.77 lakhs, officials of Shri Saibaba Sansthan Trust said.

Atluri visited the shrine in the morning on the occasion of Dussehra and took part in the 'aarti', they added. "I am visiting Shirdi since I was one-year-old. I hail from Andhra Pradesh and due to Saibaba's blessings, I have settled in Australia," he said.

Tech CEO acquires 2nd firm

Avani Technology Solutions Inc.’s founder President and CEO Sameer Penakalapati has agreed to acquire Poughkeepsie-based Indotronix International Corp.—a $22 million IT company provider—adding some 250 employees and dozens of Fortune 500 clients to his portfolio, officials said. 

The acquisition is a major step in President and CEO Penakalapati’s goal of reaching $100 million in revenue by 2020. Penakalapati predicts combined sales for the two firms of $50 million this year.

The deal has taken roughly four months to come together, and it is expected to close in late October.

The acquisition is slated to bring the two firms’ total employment to over 700 staffers spanning all 50 states and in India. The two companies employ some 150 people in New York. The deal also includes the addition of 50 people in Avani’s India office. 

The addition of Indotronix will give Penakalapati’s pair of firms government clients and prime contractors who have been customers for 30 years, a huge benefit for a company with eight years of operating history, Penakalapati said 

Indotronix clients include Lockheed Martin Corp., Verizon Wireless Inc. and Deloitte LLP.

“I think the biggest advantage that we have with the firm is the history and the clientele they have today,” Penakalapati said. “That’s hard for any business like us; really starting off it’s tough to win (top clients). With this firm we have now a foot in the door with those big class customers.”

“This makes perfect sense to me. It’s a close-knit family. It’s run by one person who we can trust; it’s an easy transaction,” he added.

The software development firm, which has its headquarters at 687 Lee Road, already had planned to add five local staffers by the close of 2016. Next year Avani plans to add another 10 people to Rochester’s workforce and reach $65 million to $70 million in revenues.

“I think (the acquisition) is a great fit,” said Mitch Meller, vice president of IT services for Avani. “I think there’s a lot of synergy between our two companies. We focus a lot on applications; they do that as well as some infrastructure, and I think our philosophies in general are very similar.”

Indotronix was founded by Babu Rao Mandava in 1986. He worked for IBM Corp. for 20 years before taking early retirement in 1985. 

At its peak, Indotronix grew to an $80 million firm around 2006-07, which included multiple other business lines of the Mandava family that spanned the food production, security and real estate industries. Mandava passed away in December, prompting his family to reconsider the company’s future. 

There was no plan to sell the business until its leaders came into contact with Penakalapati, said Aneel Potluri, grandson of Mandava and president and chief operating officer of Indotronix.

“I know in the normal sense when people are looking to sell they go through a very structured sale process with a broker and things like that, and this was very unique because there was no broker,” he said. “It was just an arrangement between two people, and my comfort with him is what really got the deal going forward because he reminds me so much of my own grandfather.”

Potluri and his cousin Ashok Mandava have led Indotronix in recent years. Mandava serves as executive vice president and chairman of the firm’s India branch.

Potluri will transition from president to an adviser role for the combined company when the deal closes. Mandava will shift his focus to the family’s other companies that used to be housed under the Indotronix name. Surrendering the Indotronix name is part of the deal with Avani.

“We’re looking forward to it. We’re very happy that our firm is going to be part of the Avani family,” Potluri said. “There will be a firm in Rochester now that will have dozens upon dozens of Fortune 500 clients.

“Avani already had some too, but the combination of both will be a very world class organization (and) (Penakalapati’s) ability to service that caliber of clientele will be very well-cemented with this merger,” Potluri said.

The deal calls for the two firms to be under the holding company of Indotronix Avani Inc. The headquarters of the combined companies will be in Rochester, although a few employees will remain in the Poughkeepsie office. Penakalapati will run the companies as two separate entities, he said.

“It’s going to add more jobs here,” Penakalapati said. “This is our corporate headquarters. This is where we run, we make money and spend money here; it’s good for Rochester. I’m very confident that we can bring a lot more jobs to Rochester.”

Indotronix is given new life under Penkalapati’s vision.

“The reason why I was so confident (with the acquisition)—it’s the people that you’re dealing with—you get this comfort,” he said. “I think that from the day talking to Aneel and some of his family shareholders I always had a comfort. His grandfather worked very hard to build the company. Your business builds a reputation based on the clients that you have. Now we have these clients (and the) new technology skills—I think it’s a perfect combination for us.”