Monday, June 30, 2008

Courage Center Honors Manasa Kanneganti With EMPOWER Scholarship

MINNEAPOLIS, June 28/PRNewswire/ -- On June 18, Courage Center honoredfour young people with an EMPOWER scholarship. Established in 1994, the EMPOWER scholarship encourages and supports ethnically diverse students to pursue a career in the medical or rehabilitation field.

Manasa Kanneganti, Woodbury, Minn., a 2008 graduate of the Math and Science Academy in Woodbury. She plans to attend Boston University medicalschool with a goal of becoming a neurosurgeon. She would like to help peoplewith spinal cord injuries and brain injuries. She volunteered more than 400hours in her community, including 200 hours at Woodwinds Health Campus.

Saturday, June 28, 2008

Lanco plans wind energy foray

The Rs 3, 336-crore diversified Lanco Group has firmed up its plans to foray into wind energy, with an initial investment of nearly Rs 500 crore.

The Hyderabad-based power and infrastructure major is planning to set up a wind turbine manufacturing unit in Puducherry. It has also set its eyes to establish wind farms in India, the US and Europe.

Mr Lagadapati Madhusudhana Rao, Chairman of the Group, said the technology aspects would be worked out in technical collaboration from German companies. The group is targeting a commercial launch of wind energy by September 2009. “Our target is to establish a total of 1,000 MW installed capacity”, Mr Rao said. Small windmills, with installed capacity of 2 MW, and wind farms across different locations, especially in Europe and US, are being explored, he added.

The group is also exploring options in solar and nuclear energy fields, he said. It has a presence in the hydro power sector, in which it is implementing five projects with capacity of 742 MW; two of them have been registered as Clean Development Mechanism (CDM) projects with the Geneva-based United Nations Framework Convention on Climate Change (UNFCCC).

These two projects will generate an additional 35,000 Certified Emission Reductions (CERs) a annum, taking the total Group CER tally to 1.10 lakh. The two projects — 5 MW Baner III and 5 MW Iku II on the Beas River — are the first hydro projects of Lanco to be registered as CDM projects and are expected to be commissioned this year.

The group has a vision of establishing 15,000 MW of operating assets in power; constructing 100 million sq.ft of real estate, emerging among the top five companies in infrastructure and top 10 among construction companies.

Friday, June 27, 2008

G.D.Naidu, first generation Kamma Industrialist

G. D. Naidu (Gopalswamy Doraiswamy Naidu) was an Indian Inventor and engineer who is sometimes referred as the Edison of India. He is credited in manufacturing the first electric motor in India. His contributions were primarily industrial and span the fields of electrical, mechanical, agricultural (Hybrid cultivation) and automobile engineering. First of all he is a scientist but he studied up to only third standard.

Naidu was born on
March 23rd, 1893, in Kalangal, near Coimbatore. He began his transport business in 1920, with the purchase of a passenger auto-coach. He drove it for the service between Pollachi and Palani. In a few years, his United Motor Service (UMS) owned the most efficient fleet of public transport vehicles in the country. In 1937, the first motor to be produced in India, was brought out from G D Naidu's UMS factory.

He invented an electric razor - Rasant - that gave users far more shaves than other existing options, in the international market. Among his other inventions were super-thin shaving blades, a distance adjuster for film cameras, a fruit juice extractor, a tamper-proof vote-recording machine and a
kerosene-run fan. In 1941, he announced that he had the ability to manufacture five-valve Radio sets in India at a mere Rs 70/- a set. In 1952, the two-seater petrol engine car (costing a mere Rs 2,000/-) rolled out. But production was stopped subsequently, because of the Government's refusal to grant the necessary license. His inventiveness was not confined to machinery alone. He is said to have grown ten feet high Cotton plants, millet plants with high yields and several injections for plants that made possible what Sir C V Raman called "Botanic marvels".

In 1935, he personally filmed the funeral of
King George V at London. In 1936, he met Adolf Hitler in Germany. Among the Indian stalwarts that GD Naidu's camera captured were Mahatma Gandhi, Pandit Jawarharlal Nehru and Subash Chandra Bose. GD Naidu remained an outsider to Politics, despite having contested and lost in the 1936 Provincial General Elections.
In 1944, Naidu retired from active involvement with his automobile combine and announced several philanthropic measures including grants for research scholarships and welfare schemes for his employees and the depressed sections of society. Through Naidu's efforts and his donations the Arthur Hope Polytechnic and the Arthur Hope College of Engineering were set up. In 1967, the
G D Naidu Industrial Exhibition was established.

He died on the 4th of January, 1974. Sir C V Raman said of Naidu: A great educator, an entrepreneur in many fields of engineering and industry, a warm-hearted man filled with love for his fellows and a desire to help them in their troubles, Mr Naidu is truly a man in a million - perhaps this is an understatement!

An Industrial Exhibition is held in Coimbatore, in his name. He started the first Engineering college at Coimbatore (now known as
Government College of Technology). He provided employment in the engineering and manufacturing sectors to many individuals in the nineteen fifties and sixties (early for a home grown entrepreneur in India).

G.D Matriculation Higher Secondary School in his hometown,
Coimbatore is named after him. It is managed by his daughter-in-law Mrs.Chandra Gopal. His grandson Mr.Rajkumar now runs the Geedee industries. There is also a driving school by his name, in Coimbatore, where they have a very practical approach and a systematic way to teach people to drive.

Wednesday, June 25, 2008

American Association of University Women (AAUW) honors Anisha Atluri

June 25, Encouraging women's education has been a goal of the American Association of University Women (AAUW) since its beginning, and the Freehold Area Branch every year recognizes the senior girl from each of the six schools in the Freehold Regional High School District who has the highest grade-point average at the end of the third marking period. The girls were given certificates and monetary awards and good wishes for the future.

A resident of Marlboro, Anisha Atluri has been very active at Marlboro High School. She has served as president of the Future Business Leaders of America and the French Club. She has enjoyed participating in academically oriented competitions - the math and science leagues and the Consumer Bowl. As a senior, she was captain of the Federal Reserve Challenge and Ethics Challenge. Anisha has played soccer for the Mustangs and for the past two seasons she has captained the varsity lacrosse team. She will be studying business at the Wharton School of the University of Pennsylvania, as well as liberal arts.

MR Doreswamy Naidu nominated to the Karnataka Legislative Council

MR Doreswamy Naidu nominated to the Karnataka Legislative Council on Monday took oath of office.

M R Doreswamy Naidu (Native of Chittor District) is a known name in the field of education. He is founder chairperson of PES Education Institutions. He runs a chain of institutions including 30 colleges.“Undoubtedly my contribution to the field of education has been recognised. For the last three-and-a-half decades I am in education field. Though I am not associated with the BJP, I have RSS background. My association with Yeddyurappa and other leaders is 35 year old" he said.

Tuesday, June 24, 2008

Sentini Bio sets up corn-based ethanol plant in AP

Hyderabad, Jun 23: Sentini Bioproducts Pvt Ltd, promoted by the Rs 450-crore Sentini group of companies (Chairman, Tipirneni Seshagiri Rao) has set up a corn-based ethanol plant at Gandepalli village, Krishna district with a capacity of 45,000 kilolitres per annum of ethanol and industrial alcohol.

The plant is being built at a cost of Rs 130 crore and is expected to provide direct employment to 350 persons and indirect employment to over 1,000 persons. The technology is obtained from world leaders in ethanol technology such as Cemcorp Ltd, Canada along with their Indian partner and collaborator, KBK Chem-Engineering Private Ltd, Pune.

The company has also sourced other technology support and services from Corn Plus, US, which has extensive experience of and operating corn-based ethanol and alcohol plants world over.
Further, for raw materials, the plant is nearer to corn-growing areas and ample supplies of corn, jowar and other coarse millets are assured. The plant has been designed to utilise broken cereals as well. The plant adds value through agro-processing to manufacture much-needed ethanol for blending with petrol as well as other by-products like carbon-dioxide (CO2) and dry distilled grain with solubles (DDGS).

While the main product is ethanol, which is a petroleum additive and has multiple industrial uses, its by-products include food grade carbon-dioxide for bottling of soft drinks, use as an industrial gas as well as for making dry ice. It also proposes to produce dry distilled grain with solubles (DDGS) which a protein rich, high energy food which is used for poultry and cattle.

As part of its future plans, the company proposes to undertake expansion of capacity with an additional investment of Rs 89 crore and complete the expansion programme by 2010.

Naturol begins biodiesel exports from Kakinada

The first-ever shipment of bio-diesel from India is set to leave from the Kakinada Deep Water Port in the early hours of Tuesday.

Naturol Bio-Energy Limited is exporting 9,000 tonnes of bio-diesel to European countries, particularly the Netherlands.

Naturol plans to export 100,000 tonne bio-diesel a year and is, therefore, targeting to export 10,000 tonnes once in six weeks from the deep water port.

The company has set up a bio-energy plant at Tammavaram village in the Vakalapudi Industrial Park, 10 km from Kakinada, on 30 acres at a cost of Rs 140 crore.

The plant has a capacity to produce 100,000 tonnes of biodiesel a year. It is growing jatropha on 5,000 acres in Mallisala village in Jaggampet mandal in East Godavari district and also in Vikarabad in Telangana.

Meanwhile, the company has signed MoUs with Singapore-based companies like Agritrade Pte Limited and Willmar Pte Limited to import crude palm oil from Malaysia and Indonesia to produce bio-diesel. The company is also importing methanol from Iran, Iraq and other countries.
"We would like to supply bio-diesel in the Indian market too, if the government provides subsidy on the lines of diesel,'' said Chalasani V Rao, chairman of Naturol Bio Energy Limited.

Monday, June 23, 2008

'Ready' big hit heros Ram, Srinu Vytla, Pothineni Ravi Kishore

The tagline of the film 'Ready' is 'Deenikaina'. Ram and Genelia are the lead pair. Sreenu Vytla who gave two big hits with 'Dhee' and 'Dubai Seenu' is the director. Star producer Pothineni (Sravanthi) Ravi Kishore made the film. Ram has just two films 'Devadas' and 'Jagadam' to his credit so far but he has already acquired the image of a good and stylish actor.

Story :
Chandu (Ram) is from a big joint family of RS Brothers.he is fresh out of college and falls in love with a girl(none other than heroine) who is passing in a Vehicle. Pooja(Genelia) is the only daughter of NRI Chalasani Prasad (Naga babu). She returns to India after the sudden death of her parents in an accident.Her Uncles( Kota Srinivasarao, Jayaprakash Reddy) are factionists and has a rivalry to each other .They had eye on Pooja's Rs.100Crore property and want her to marry their only sons.Chandu's friend Google Gopi (Ravi Varma) is in deep love with a girl who is about to marry and Chandu want to unite the lovers.Instead of Gopi's lover ,Chandu kidnaps Pooja.Chandu takes her to his home and gradually she falls in love with him.Her uncle Pedhinaidu(Kota Srinivasarao) finds her and takes her back to Bellary.How Chandu gets his dream girl forms rest of the story.


Highlights:
What any one expects from a Srinu Vytla's film? Good Comedy!right? Ready has loads of it .Srinu Vytla this times comes with a fully loaded Family entertainer in the lines of Ninne Pelladatha & DDLJ. He has a good script and great lineup of actors(Ram, Brahmanandam, Sunil, Dharmavarapu, MS Narayana, Jayaprakash Reddy, Kota..and the list goes on) and the result is ..as you expected. Though there isn't much story the screenplay(Gopi Mohan,Kona Venkat) is very good,So are the dialogues(Kona Venkat). Ram performed with ease,Genelia looks pretty.Brahmanandam steals the show as McDowell Murthy. Technicalities ( Camera - Prasad Murella,Editing - MR Varma) are adequate.

Public Talk : Good Movie
Industry Talk: Hit
Rating : 7/10

Sunday, June 22, 2008

Kommineni Krishnamohan rewrites National 110m hurdles

MADURAI: Kommineni Krishnamohan clocked a national record of 14.00 seconds in the 110 metres hurdles on the concluding day of the 48th National inter-State athletics championships at the MGR Stadium here on Wednesday.

Running into a headwind measuring one metre per second, Krishnamohan, a 26-year-old Havildar from Artillery, cruised through to the record that bettered Naunidh Singh’s mark of 14.05s set in Hyderabad in 2005.

“I was hoping to dip under 14 seconds,” said the man from Guntur. Perhaps he might have achieved that but for a gush of wind hitting him through the final stretch. It was a faultless performance that came out of the blue, as it were.

The hurdler from Andhra Pradesh had recorded his previous best of 14.18s in the Open National in Hyderabad when Naunidh had his record. The Olympic standard stood at 13.72s.

Saturday, June 21, 2008

Tiny refrigerators to cool future computers - Suresh Garimella

Washington: Laptops and personal computers of the future will be cooled by tiny fridges sitting snugly inside them, according to an Indian American computer scientist.

Unlike conventional fan-based systems, these miniatures would ensure the removal of a greater volume of heat and also improve the performance of the machines, said Indian American computer scientist, Suresh Garimella, of Purdue University in West Lafayette, Indiana.

New types of cooling systems will be needed for future chips that are expected to generate 10 times more heat than microprocessors today, especially in small “hot spots,” said Garimella, a product of the Indian Institute of Technology (IIT), Madras.


Garimella and his team have already developed an analytical model for designing tiny compressors that pump refrigerants using penny-size diaphragms.

They have also validated the model with experimental data.

“We feel we have a very good handle on this technology now, but there still are difficulties in implementing it in practical applications,” said Garimella, director of Purdue's Cooling Technologies Research Centre. “One challenge is that it's difficult to make a compressor really small that runs efficiently and reliably. The best that all other cooling methods can achieve is to cool the chip down to ambient temperature, whereas refrigeration allows you to cool below surrounding temperatures,” he said.

The ability to cool below ambient temperature could result in smaller, more powerful computers and also could improve reliability by reducing long-term damage to chips caused by heating.

The findings if the team, led by Garimella, will be detailed in two papers slated to be presented at the 12th International Refrigeration and Air Conditioning Conference in July.

Naturol shipping first biodiesel cargo to Europe

HYDERABAD: Naturol Bioenergy will be shipping its first biodiesel cargo to Europe about one week from now, according to local media reports. Naturol Managing director and CEO Bhaskar Chalasani told journalists the 10,000-tonne (11,000-ton) cargo will be sold at about US$1,350 a tonne.

Naturol has reportedly acquired access to jatropha and oil seeds planted on 5,000 hectares (12,355 acres) of land in the state of Andhra Pradesh through contract farming.

The company is also looking at acquiring another 40,000 hectares (98,842 acres) of plantations in Indonesia and East Africa.

Friday, June 20, 2008

Elgi to invest Rs 850 cr overseas

Coimbatore-based Elgi Equipments Ltd (EEL), an engineering company that makes industrial air compressors, is planning to invest around Rs 850 crore for setting up warehouse and manufacturing facilities outside India.

The first such facilities are coming up in China and Brazil, where the company is investing around Rs 50 crore.

The China facility, located at Jiaxing, 100 km from Shanghai, will commence trial operations by July this year, while commercial operations will start by September 2008.

Later this year, the company will commence warehousing operations in Brazil before the launch of a full-fledged manufacturing facility that is expected to start operations by the end of 2009. The company has proposed to invest around Rs 15 crore in Brazil.

T Govindarajan, head (marketing), EEL, and N Raghavan, head (domestic sales and service), EEL, said the company had been a dominant player in the Rs 1,500 crore Indian compressor market and the time was ripe for it to address the Rs 35,000 crore global market.


The China plant would initially manufacture air compressors worth about Rs 20 crore, which would gradually be increased to Rs 30-40 crore in the third year, said Raghavan.

For the first three years, Elgi China will cater to the domestic market in that country and later export to countries like Vietnam, Malaysia, Singapore and Thailand. Over the next five years, the company expects China to account for 10 per cent of its global revenues.

The Brazil facilities too would cater to both the domestic market and neighbouring countries such as Chile, Colombia and Argentina.


Govindarajan said the new offshore manufacturing and warehouse facilities would help the company cut costs, lower freight charges and reduce delivery times substantially. By 2015, the company hopes to take its turnover to Rs 4,000 crore, of which Rs 3,000 crore, or 75 per cent, will come from outside India.

On the domestic front, the company is planning to invest Rs 150 crore over the next five years.
Meanwhile, Elgi has also opened its subsidiary at the Sharjah Airport International Free Zone (SAIF) in the UAE. The office-cum-warehouse facility would enable the company to expand its product offering and ensure immediate service in the fast growing West Asian market, he said. The company has invested around Rs 10 crore in this facility.

Thursday, June 19, 2008

Sujana Towers buys African company

Mumbai, June 18 Sujana Towers Ltd, (Ylamanchili Chowdary Chairman & MD) part of the Sujana Group, has acquired of 51 per cent shareholding in an African telecom infrastructure company, Telesuprecon.

Mr S. Hanumantha Rao, Director, Sujana Group, said while the share capital of the Mauritius-based company was $1,000, the investment from Sujana Towers would be close to $21 million.
“The acquisition of 51 per cent shareholding was by way subscription to new equity shares issued by Telesuprecon. Thus no money is being paid to the existing promoters and they continue to be associated with the company.

“The equity subscription by STL was made at par. As per the agreement with the other promoters, STL will support the company by providing the required working capital, including guarantees,” he said.

Telesuprecon has its operational headquarters in Nairobi.

Telesuprecon is in advanced stages of negotiations for contracts worth $40 million. These orders are to be executed over the next 12-21 months, Telesuprecon has been executing telecom infrastructure projects for the last 15 years in Tanzania, Kenya, Malawi, South Africa and Nigeria, he said.

“This deal facilitates better synergy between STL and the African subsidiary and enables STL to realise its goal of becoming a global player in the telecom and power transmission infrastructure business,” said Mr V.S.R. Murthy, Group Director.

STL was formed by the de-merger of tower division of Sujana Metal Products Ltd. The company completed capacity expansion of the galvanized tower facility at Hyderabad to 1,28,125 tonnes a year last year.

STL is setting up a new facility at Gummidipundi in Chennai (Tamil Nadu) with a capital expenditure of Rs 150 crore.

Deepak Cables set to raise Rs 200 cr from PE investors

Deepak Cables (Papa Rao Karuturi Chairman), the Bangalore-based Rs 750 crore EPC (engineering, procurement, construction) player in the power sector, is set to raise Rs 200 crore through the private equity route.

UTI Ventures is leading the round with an investment of close to Rs 80 crore in this 25-year old firm, which makes cables for transmission & distribution of power.

The other investors are expected to be finalised in a month's time. UTI Ventures MD Raja Kumar confirmed this investment, but however declined to give out further details. O3 Capital, a boutique investment firm, is advising Deepak Cables on this transaction.

The power ancillaries' sector has been attracting a lot of private equity interest over the past 18 months given the increasing thrust which is being put from the Indian government to ramp up the power generation capacity.

Independent research data indicate that during the past 6 quarters close to $2.14 billion of PE money has been invested in the Indian power sector.

"Going forward, an on average of the annual $20 billion PE investments anticipated into Indian companies, 20 per cent is expected to be routed in to the power sector and this is expected to be sustained over the next three years," a PE analyst detailed.

The advantage Deepak Cables brings to the table is that the company has a cable manufacturing unit which rides in with EPC contract thus enabling the company to control cost.

According to industry information, the company is turning in a net of close to Rs 80 crore and is expected to scale up significantly as it aims at a topline of Rs 1400 crore during FY09.

According to information available, Deepak Cables generates 70 per cent of its sales through EPC contracts while the rest from selling cables to third parties.

"Deepak Cables has been extremely active in the South Indian region having aligned itself closely to power generation and distribution firms. The company is now actively scaling up its operations to tap in to Punjab, Madhya Pradesh, Bihar," a source detailed adding that Middle East is also an region which this company is eyeing.

Solar Semiconductor wins module certification from TUV Rheinland

Solar Semiconductor (Hari Surapaneni Chairman & MD) has had its photovoltaic modules certified by TUV Rheinland to IEC 61215 and IEC 61730 after stringent tests were conducted, the company said. According to Solar Semiconductor, it has become the first company in India to have certification for high power 295Wp modules.

"It gives me immense pleasure to see that Solar Semiconductor, a multinational company, with large scale manufacturing facilities in India, has world-class facilities and quality processes," said Enrico Ruhle, Managing Director of TUV Rheinland. "This demonstrates the emphasis this company places on the quality of their Solar Photovoltaic modules, and unequivocally gives Solar Semiconductor a leadership status in the Photovoltaic manufacturing market."

"All TUV Rheinland tests are followed by a very stringent factory inspection, ensuring that all manufactured products are consistent with certified products. Solar Semiconductor has shown that they are committed to producing quality products each and every time, by complying with the globally-accepted product safety, quality codes and tests governed by TUV's strict guidelines. Solar Semiconductor has proven that they have consistency in their production process and their product quality is exceptionally high. I am proud to be associated with a company such as Solar Semiconductor," added Mr. Ruhle.

"We have been growing rapidly and setting up multiple manufacturing facilities to meet our business goals. Having a strategic cooperative partnership with a certifying body like TUV Rheinland is a tremendous asset for us as we continue to build the highest quality PV modules," said Ravi Surapaneni, Vice President of Solar Semiconductor Pvt. Ltd., India. "Our products were certified to the toughest performance and safety standards of the IEC 61215 and IEC 61730 after stringent tests were conducted by TUV Rheinland. Solar Semiconductor is the first company in India, and amongst the few in the world, to have certification for high power 295Wp modules. The TUV certifications further validate Solar Semiconductor's commitment of producing the highest quality solar panels on the market. Our pledge is to simply make the world's best Solar Photovoltaic modules."

Billed as a ‘strategic cooperative partnership’ with TUV Rheinland, Solar Semiconductor has now put in place the systems and processes it expects to enable the validation of its future products more quickly.

Wednesday, June 18, 2008

Navayuga Engineering enters UAE market; targets Dhs800m turnover by end-2009

Dubai: Leading Indian construction firm Navayuga Engineering Co (NEC) (Chinta Visveswara Rao Chairman) has entered the United Arab Emirates (UAE) market with the ground-breaking ceremony of a water-front project by Abu Dhabi's leading master developer Tamouh Investments.

Senior managers of NEC and Tamouh took part in the ground-breaking ceremony for Sector 3, Plot 13 project of the City of Lights at Al Reem Island, 600 metres off the Abu Dhabi coast, an NEC statement said.

"With real estate projects worth over 1.71 trillion dirhams ($465.5 million), Abu Dhabi is the forefront of the region's construction sector," Navayuga Group joint managing director Chinta Sridhar said in the statement.

"Abu Dhabi, therefore, provides a perfect fit for NEC in our overseas expansion. Several master-developers have launched skyscrapers and NEC has extensive expertise in undertaking piling and foundation works for skyscrapers," he added.

The City of Lights is a mixed-use community set on a waterfront oasis. Covering 101 acres of land, the project includes commercial and residential properties including hotels, offices, residences and retail space.

The Plot 13 project on Sector 3 comprises five towers and a podium with single basement and car park.

Navayuga Group's director of finance M.A. Sattar said that with Abu Dhabi as the company's growth-platform in the region, NEC would expand to Dubai and Oman by mid-2009.
"Currently, we are fifth in the UAE in terms of equipment and we plan to be second in the country in terms of machinery and equipment by the end of this year," he said.


The company is targeting a turnover of 800 million dirhams ($217.7 million) by the end of 2009.
Close to 500 professionals and skilled workers are working in NEC's operations in the country, according to the statement.


Incorporated in 1986 as part of the Navayuga group, the Vishakapatnam-headquartered NEC is focused on pile foundations, diaphragm walls and marine structures like berths, wharves and jetties.

The company's expertise spans areas such as special foundations, large-diameter bored piles and diaphragm walls, ground improvement techniques, industrial structures, roads and bridges.

SEIL to take over Gold Star unit

Visakhapatnam-based Steel Exchange India Limited (SEIL), which is into steel making, trading and software business, is in the process of acquiring the 250,000-tonne sponge iron steel manufacturing mill of Gold Star in Vizianagaram district.

"The Gold Star management has agreed to our proposal to take over its sick unit, which was under the Board for Industrial and Financial Reconstruction. The payment modalities would be finalised soon," Bandi Satish Kumar, managing director, SEIL, told.


The company plans to convert the Gold Star mill into an integrated mini steel unit. "We would invest about Rs 596 crore for conversion and modernisation of the existing unit, after which we would be able to produce 300,000 tonnes of re-bars a year at this unit," he said.

Of the total investment, promoters will contribute Rs 246 crore as equity while Rs 350 crore will be raised from financial institutions, he added.

The takeover will be complete over the next four-five months, and immediately after that SEIL will take up the modernisation works. SEIL operates a 90,000-tonnes capacity steel ingots manufacturing unit at Ravulapalem in East Godavari district, 70,000-tonne capacity steel re-rolling mill and a 40,000-tonne capacity high-carbon steel wire and galvanising steel production mill at Vizag.

The company achieved a turnover of Rs 645 crore with a net profit of Rs 15.03 crore in 2007-08, as against Rs 497 crore and Rs 8.07 crore respectively in the previous year.

Tuesday, June 17, 2008

Elgi Equipments sets up arm in Sharjah trade zone

Coimbatore, June 16 The Rs 500-cr Elgi Equipments Ltd (EEL) has set up a subsidiary — Elgi Gulf FZE — at the Sharjah Airport International Free Zone in UAE.

The Coimbatore-headquartered industrial air compressor manufacturing major perceives this move as a significant step towards increasing its international revenues in the coming years.

Mr V.T. Govindarajan, Director (Global Business), EEL, said that the subsidiary would be a full-fledged sales and service organisation. “It would enable us to offer prompt and speedy service and deliveries with short lead time. This office-cum-warehouse facility would enable us to expand our product offering in the fast-growing West Asian market.”

The company is gearing up to emerge among the top five compressor players in West Asia. “We have been active in this market for 10 years. Elgi Gulf will initially serve the Gulf Cooperation Council markets and eventually expand its presence in West Asia and North Africa,” he said.

UAE construction
Dr Jairam Varadaraj, Managing Director, EEL, said “we have been providing quality air compressors and catering to their service needs at competitive rates.”

West Asia accounts for over 20 per cent of EEL’s revenues from international operations.

Monday, June 16, 2008

Poet Nagabhairava Koteswara Rao passes away

HYDERABAD: Noted Telugu poet and writer Nagabhairava Koteswara Rao died of cancer at his residence in Sringar Colony here on Saturday.

He was 77. He was born in 1931 in Ravinutala in Prakasam district. Rao is survived by a son and three daughters. Rao who has 20 works to his credit began writing poetry in kavya form.

He also used free verse in several works. He wrote plays and novels.He was dialogue writer for NTR starrer Brahmarshi Viswamitra.

Rao was Telugu expert for Sahitya Akademi from 1988-1992. He received Telugu University Award and Raja Lakshmi Foundation Award.

In a statement, TDP president N Chandrababu Naidu mourned Rao’s death and expressed his heartfelt sympathy to his family members. He recalled Rao’s contribution to Telugu literature, mentioning Rangajamma and Gundlakamma Cheppina Kathalu.

West Pasco Chamber Rewards Rao Musunuru

Tampa bay Florida: Lawyer Steve Booth, cardiologist Rao Musunuru and Publix store manager Brian Singletary earned some of the top honors during the West Pasco Chamber of Commerce's annual banquet.

Rao Musunuru was given the Outstanding Citizen Award for his efforts to build up the heart institute at Regional Medical Center Bayonet Point. The hospital had only 50 beds when Musunuru moved to Hudson 27 years ago. The cardiologist has won three national awards in the past five years from the American Heart Association. He serves on the local boards of Pasco-Hernando Community College, the heart association and Community Aging and Retirement Services, among others.

Thursday, June 12, 2008

3 colleges belongs to Kammas in the list of top 15 Engineering colleges in India

1) P. S. Govindaswamy Naidu College of Engineering (PSG), Coimbatore - 3rd
2) Coimbatore Institure of Technology (CIT), Coimbatore - 8th
3) PES Institute of Technology, Bangalore - 15th

IDFC picks up 22% in Seaways Shipping

Chennai: IDFC PE-II, a venture fund of Infrastructure Development Finance Corporation, has picked up 22 per cent stake in the Seaways Shipping Ltd, for Rs 120 crore. According to people in the know, the funds are to be used for buying more container ships.

The Rs 600-crore Seaways Shipping is based in Hyderabad (Parvathaneni Venkata Krishna Mohan Chairman and MD) and is one the leading maritime operators in the country, providing a range of shipping and logistics services. Its services (some provided through its subsidiaries) include stevedoring, clearing and forwarding, container handling, freight forwarding, customs and vessel agency, chartering and broking and vessel and port management. It also provides air logistics services.

It also has a joint venture with Rhenus AG an €2.3 billion German logistics company. The joint venture, Seaways Rhenus Logistics Ltd offers warehousing and distribution services in Europe.
That IDFC (and J P Morgan) had been in discussion for funding Seaways for some time. But the deal was finalised only about a week ago, sources said.

The investment was made out of IDFC’s second fund, which has a corpus of $440 million. (The first fund had a corpus of $190 million, out of which 11 investments were made.)

Most of the second fund has been invested—in fact, Seaways is the second investment out of the fund in the current financial year. In April, IDFC invested Rs 40 crore in Emergent India Ventures Pvt Ltd, a carbon credit advisory firm.

IDFC is now looking to raise a third fund, with a corpus of around $700 million
.

Wednesday, June 11, 2008

Did you know?

Mr.Kaza Sudhakar, Chief General Manager, Reserve Bank of India

Clovis West student Nilesh Tripuraneni 2nd in Atlanta

08 June: A Clovis West High School student recently won a second-place award at the Intel International Science and Engineering Fair in Atlanta.

Nilesh Tripuraneni, a Clovis West junior, finished second out of about 180 projects in the physics and astronomy category, the Fresno County Office of Education announced.
He won $1,500 for his project, which investigated the properties of extremely small water molecules.


He also received a tuition scholarship to Drexel University worth $120,000 and a second place award from the U.S. Air Force for $1,500 during the competition's award presentation last month.

Mylan Inc., NATCO Pharma Ltd. To Collaborate on Worldwide Marketing and Distribution of Generic Copaxone(R)

PITTSBURGH, June 10 /PRNewswire-FirstCall/ -- Mylan Inc. (NYSE: MYL) announced today that it has signed a license and supply agreement with NATCO Pharma Ltd. (NATCO) for NATCO’s glatiramer acetate pre-filled syringes, a generic version of Teva’s Copaxone(R), which is used to treat multiple sclerosis. The agreement grants Mylan exclusive distribution rights in the United States and all major markets in Europe, Australia, New Zealand, Japan and Canada and includes an option to expand into additional territories.

NATCO has commercialized successfully its glatiramer acetate product in India and the Ukraine. Teva has reported that worldwide sales of Copaxone were more than $1.7 billion in 2007.


"We are extremely pleased to be collaborating with NATCO to market and distribute this critically important product virtually worldwide," said Robert J. Coury, Mylan vice chairman and CEO. "We’ve worked closely with NATCO over the past several months, and we’re excited to have completed this agreement. During that time, we have been impressed with the company’s long-term vision and outstanding technical capabilities, which are clearly reflected in NATCO’s ability to develop a complex product such as generic Copaxone. We plan to work closely with all relevant regulatory agencies in the United States and internationally -- and leverage Mylan’s considerable global expertise in regulatory applications -- to bring the therapeutic and economic benefits of this product to the widest possible patient-base."

"We had spoken with several potential partners since we launched glatiramer as a generic in India last year," said NATCO Chairman and Managing Director Chowadary V. Nannapaneni. "After an extensive review, we believe that no company is better positioned than Mylan to help us unlock the extraordinary value of this product in the United States and around the world. We are truly excited about our collaboration."

Mylan Inc., with a presence in more than 90 countries, ranks among the leading diversified generic and specialty pharmaceutical companies in the world. The company maintains one of the industry’s broadest -- and highest quality -- product portfolios, supported by a robust product pipeline; owns a controlling interest in the world’s second largest active pharmaceutical ingredient manufacturer; and operates a specialty business focused on respiratory and allergy therapies

NATCO Pharma Limited, based in Hyderabad, India, is ranked among the fastest growing pharmaceutical companies in the country. It manufactures branded and generic dosage forms, bulk actives and intermediates for Indian and international markets. During its 24-year history, NATCO has gained a reputation for innovative product development, high-quality manufacturing capabilities and strong financial growth.


Tuesday, June 10, 2008

Bharat Nalluri Will Direct 'The Tourist'

Last October, Warner Brothers picked up the rights to a book in the works by Olen Steinhauer called The Tourist, a story focusing on a spy who is falsely accused of murder and has to clear his name. And now we're getting another movie called The Tourist. However, this one is based on the French thriller, Anthony Zimmer, and Variety reports that Bharat Nalluri -- the man who helmed Miss Pettigrew Lives for a Day -- will direct it. Talk about confusion -- a movie based on another movie, but shares the same name as yet another movie.

Casanova director Lasse Hallstrom was originally set to direct the film, but left the project a while ago. Now Nalluri will take on Julian Fellowes' (Gosford Park) script, which focuses on "an American tourist who finds his life in danger when a female Interpol agent uses him as a dupe to flush out an elusive criminal with whom she once had an affair." It's sort of like a Dave / Moon Over Parador film -- Zimmer is this money launderer who changes his face and voice, and a common man who looks like Zimmer is pulled into the mess as bait.

Production on the film is set to begin late this summer, or early fall.

Monday, June 9, 2008

Kodali Srija win the under-12 girls Tennis title.

Hyderabad: Kodali Srija of Hyderabad defeated Victoria of Haryana 5-4(4), 4-2 in the under-12 final of the AITA Talent Series tennis tournament in Bhubaneshwar.
This 11-year-old promising left-hander is a trainee of Sun-Jay Tennis Academy at the Administrative Staff College of India here.

Katta inducted into the Ministry

BANGALORE: Hebbal MLA Katta Subramanya Naidu was sworn in as Minister for Information, Bio-Technology and Excise here on Saturday, taking the strength of the B.S. Yeddyurappa Ministry to 31.

The 57-year-old MLA took oath as a Cabinet Minister at a swearing-in ceremony held at the Glass House in the Raj Bhavan on Saturday evening. Governor Rameshwar Thakur administered oath of office and secrecy to him.

Soon after taking oath, Mr. Naidu sought the blessings of Governor Rameshwar Thakur and Chief Minister B.S. Yeddyurappa. With the inclusion of Mr. Naidu, only three berths are left to be filled up. Mr. Yeddyurappa had taken oath along with 29 ministers on May 30.

Earlier, there was speculation that the Saturday’s ceremony would be a low-key affair. But the boisterous supporters of Mr. Naidu made it a grand affair at the Raj Bhavan’s Glass House.

Crackers were burst and sweets were distributed even as Mr. Naidu was taking oath.
With the crowd trying to reach Mr. Naidu to congratulate him, a few ornamental flower pots kept in front of the dais were damaged. Traffic on the busy Raj Bhavan was disrupted for some time.

Saturday, June 7, 2008

This Kamma guy is All india 4th ranker in IES

6, June: V.Dinesh Kumar Naidu (Kammapalle- Pileru, Chittor district) got 4th rank in All India level Indian Engineering Services Exam-2008.

Indian Engineering Services are the Technical Services that meet the technical managemerial functions of the Indian Government. A combined competitive examination is conducted by the UPSC; for recruitment to the Indian Engineering Services (IES).

Thursday, June 5, 2008

hi5 CEO Ramu shares OpenSocial milestones

OpenSocial seems to be working for hi5, as 15 applications have been installed one-plus million times since the social network launched OpenSocial in April. On average, hi5 - a social network with 80 million regisered users, of which 80% are outside the U.S. - is getting one million installs each day across its nearly 700 applications, according to hi5 CEO Ramu Yalamanchi, who stopped by the Vator studios in San Francisco.

I’ve added to those installs. So far, I’m part of the “Hello” application – to say hello in 15 different languages - and the “Addicted to South Park” app – so I can bond with fellow South Park fans. OK. I must admit, I’m not really a frequent South Park viewer. But I did get a good laugh when I took the “Who are you” quiz. My result: “You are no one. You are nothing like any of the southpark characters. You are a weirdo! Come on, you’re not even Kenny!”

What does this say to me? It says, I'm amazed at we do to entertain ourselves. It’s no wonder that 75% of users at hi5 are under 24 years old. I definitely had more time on my hands back then to take such quizzes. Then again, you're never too old to have witless fun. These are exactly the type of services/features social networks need to keep people engaged. These are, in many ways, the virtual equivalent of activities offered at destinations when people are on vacation. For hi5, which raised $20 million in venture funding last year, and $15 million from
Hercules Technology in January 2008, creating traffic is crucial. And, obviously activities are one way to keep the traffic up.

Launched by Google in Nov. 2007,
OpenSocial is a set of common APIs for building social applications across the Web. Eighteen sites committed to support OpenSocial, including hi5. (Click here to see the corporate culture at hi5).

According to Ramu, half of hi5’s 45 million active users have 3 applications in their profiles.

"Facebook reportedly has 25,000 applications. I’m not sure how often they’ve been downloaded. But there’s no doubt, most all of them are silly apps that just entertain".

That’s not to say, however, that they’re worthless to install or to have. As I toured through hi5’s apps, such as “MyDouble” – to find out who of people and celebrities look like me – or “Addicated to Desperate Housewives” or “Addicated to Chappelle’s Show” – it felt a lot like touring through the brochure rack in the lobby. They’re not exactly stuff I’d sign up for, but they do provide reason to be at a destination, in this case hi5. At this point, hi5’s audience visits consist of 74% addicts, that’s more than 64% at Facebook, according to Quantcast. In order to keep those addicts around, hi5 will need those mindless, entertaining apps.

This Kamma guy is AP topper in IIT & AIEEE

June 4: AIEEE All India 3rd rank was bagged by Chintanippu Dinesh (Wyra-Khammam) in the B Arch stream. He is the state topper. Dinesh also secured first in the State and 7th in All India level in the open category of the IIT entrance .

Chintanippu Dinesh, who got 16th rank in EAMCET, said, "One should aim at gaining knowledge and other things will follow."

Wednesday, June 4, 2008

South African TV beauty Shasi Naidu voted onto ‘world’s sexiest’ list

TV personality and model Shashi Naidu does not regard herself as a sex symbol, but she has secured a spot in the top 20 of the South African leg of the FHM Top 100 Sexiest Women in the World.

The 27-year-old former Port Elizabeth beauty, who has her own fan club on the Facebook website, said she was “very surprised” to learn that South Africans regarded her as the 14th sexiest woman in the world.

Naidoo’s TV exposure includes roles in Backstage and Generations. She has also presented e.tv’s 20something and, more recently, the Edgars Music Series on SABC1.

She is at present playing Sureshni Patel in M-Net’s Egoli.

“It’s the first time I have been included on the FHM list. It’s very cool,” she said. “The thing is I don’t regard myself as a sex symbol and I don’t think my father would want me to look at myself as one either.”

She said that being regarded as a sexy woman was “very subjective”.
“Someone’s number 14 could another person’s number 1400. But I think it is about the way a woman carries herself.


“This year there seems to be a lot more hype around the FHM poll. I received messages from people via Facebook saying they were going to vote for me. I thought I would make the top 100 but not the top 20.”

Naidoo, who also owns a Gauteng modelling agency, Alushi Management, has taken part in several modelling shoots and TV commercials.

“She’s this corporate vixen. I really like the character and I will be on for another three months. I am taking my TV jobs as they come.”

Tuesday, June 3, 2008

Final result puts Naren Kumar at 10th position

June 03, 2008 Greece: Six-time Indian national rally champ Naren Kumar moved into the top-10 of the PWRC final standings at the Acropolis Rally in Greece after Martin Rauam was disqualified by the stewards on account of using a component that is not allowed.

As such in his very first outing, Naren has made a mark for himself by displaying his steady nerve and car control.

It would be logical for his own team to praise him but the accolades coming from official releases of Subaru as well as WRC, make it apparent that what the Indian has achieved is no easy feat. “Naren Kumar (IND, Subaru), the P-WRC’s first ever Indian competitor, chose a tricky event to kick off his P-WRC campaign as he lost the use of his brakes half way through SS2 but he managed to steer clear of trouble through the first day.

Day two saw his fuel pump stop working for a few minutes and SS11 saw the turbo break half way through, making the following stages even more of a challenge. Aiming to reach the finish, Kumar drove the final stages with caution and as a result, was the only driver of the all-new Subaru N14 in the P-WRC to see the finish ramp,” is the fulsome praise coming from the official WRC release.

“Newcomer Naren Kumar has been very impressive with a controlled, steady drive,” is the official take from the Subaru Team. Naren himself believes that he stuck to a set plan and came through on account of the team’s support.

“The event was extremely rough as you can see from the number of cars that did not finish. It was very, very clear plan we had and that was to finish the rally. “The whole of this year is a learning curve for me as all my fellow competitors have got a lot of experience in the world stages. I only plan to put in kms.”

Beecem, Fitel and Acer Partner to Bring the Future of Mobile Broadband Computing to Computex 2008

Beceem’s WiMAX Chipset Enables Laptop From Acer to Showcase Leading Edge Mobile Computing and Entertainment Experience on Fitel’s New Mobile WiMAX Network.

June 02, 2008 TAIPEI, Taiwan: Beceem, (Babu Mandava, CEO) a leading supplier of high-performance Mobile WiMAX solutions, announced today that Fitel, a leading wireless service provider in Taiwan, and Acer, one of the world’s leading branded PC vendors, are providing Computex visitors a view of the Mobile Broadband Computing future by showcasing Acer’s Aspire multimedia and productivity laptop connected to Fitel’s high-speed Mobile WiMAX network using Beceem’s high-performance BCS200 Mobile WiMAX chip.

The Acer Aspire offers the ultimate entertainment and productivity applications, and is the first notebook enhanced with an embedded Mobile WiMAX modem that is using Beceem’s latest Mobile WiMAX chipset. Beceem’s chip is enabling world leading WiMAX performance of more than 30 Mbps application layer throughput in MIMO mode, allowing Computex visitors to experience the power of Mobile WiMAX products and services that will be launched by Fitel in the 4th quarter of 2008.

“Fitel wants to share an extraordinary experience with the Global WiMAX Ecosystem participants. Therefore, during the 2008 WiMAX Expo Taipei, Fitel invites you to see the Fitel WiMAX VIP Bus running at 80Kilometer speed while watching CNN life Video News run smoothly. At the same time, and on the same Notebook, you can perform Video Conference with excellent user experience, showcasing just a few of the many WiMAX capabilities,” said Charlie Wu, Chairman & CEO of Fitel.

“The collaboration between Beceem and some of Taiwan’s most powerful companies provides a rare glimpse into the coming wave of innovative mobile computing and entertainment products and services that are at the forefront of the M-Taiwan initiative,” said Babu Mandava, Beceem’s CEO. “Beceem is excited to be the leading partner for Taiwanese companies that are embracing Mobile WiMAX as a key building block of next generation mobile computing and entertainment devices.”

Beceem Introduces World's First Single-Chip 65 Nanometer Mobile WiMAX Solution - Sets New Standard for Low Power Consumption

Monday, June 2, 2008

Naren finishes 11th on PWRC debut

Sukhwant Basra June 02, 2008:
The Indian battles persistent car problems but makes up seven places on final day

India’s Naren Kumar battled persistent car problems and rough terrain that saw 26 competitors out of the original 60 fall by the wayside to notch a creditable 11th place finish at his (Production World Rally Championship) PWRC debut in Greece.

In a field that featured the best in the world in the open category, Naren representing Team Sidvin, came in overall 25th. He managed this despite the BP Ultimate Acropolis Rally being his first outing at this high level and while driving a car - Subaru N 14 - that has its fair share of hassles as it made its debut into competitive driving. These are provisional results as of now but the final standing is unlikely to change.

Had his turbo not blown on Saturday and he had not lost four minutes plus in stage 12, he would have been in reaching distance of a top-10 finish. To make it to the top-5, however, he will have to improve by more than ten minutes and that is not an altogether unlikely scenario once he gets more confidence at this level and the teething troubles of the car have been worked out.

Vagaries of terrain and machine, however, are a part of rallying but what is credible is the fact that Naren hung in there while nursing his car to eke out optimum performance under the circumstances. That he did not give up till the very end is evident as he made up one place even in the final four km special spectator stage winding around the Tatoi aerodrome.

Of all the Subaru cars in the field, Naren came in second best. That should improve his stake with the manufacturer which only allowed him into the cockpit after its experts had evaluated his ability. “In our opinion, Naren has done excellent. First time with a car at this level, he has managed to keep going even when more experienced drivers have been making mistakes. The strategy for him was to experience the full rally and get as many kms as possible. His driving is very promising,” said Esko Rainer MD, Tommi Makinen Racing — the team that is backing Naren’s challenge.