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Showing posts from April, 2009

Karuturi Global MD invited to join inaugural class of Frontier 100

Mr. Sai Ramakrishna Karuturi, Managing Director of Karuturi Global Ltd was invited to join the inaugural class of Frontier 100, an initiative of IGD, Initiative for Global Development. Frontier 100, identifies promising CEOs in developing countries and creates opportunities for these leaders and global CEOs to exchange knowledge, develop business and collaborate in global leadership. IGD is a national alliance of U.S business leaders that works to promote global poverty reduction through national policy advocacy and through its Programs for Enterprise Growth, which advance private sector solutions to expand economic growth in poor countries like Africa. Mr. Karuturi is selected as one of the top 20 CEO of the African region to take part in this inaugural session of Fortune 100 for his efforts in alleviation of poverty through the agri initiative in Kenya and Ethiopia. Ethiopian Meadows PLC an 100% subsidiary of Karuturi Global Ltd was allotted 8,50,000 acres of land by the Ethiopian g

BSCPL Infra to build mega township near Chennai

CHENNAI: Hyderabad-based BSCPL Infrastructure has announced the launch of its first residential project off Old Mahabalipuram Road (OMR). Coming at a time when the real estate market is not exactly exuberant, the company said it has completed the structure for six lakh sq ft. The project named " Bollineni Hillside " is to come up on 92 acres. Touted as one of the largest integrated residential township projects in the city. the Rs 2,000 crore project offers flats ranging from 650 sq ft to 2800 sq ft including independent houses, row houses and villas. BSCPL Infrastructure chairman Bollineni Krishnaiah said the project would be completed in two phases with a total space of about 6 million sq ft after completion. It is proposed to build 4,500 dwelling units. "Structure for 100 villas are up and two blocks of apartments too are ready," BSCPL Infrastructure CEO Manmohan Varma said, noting that the first phase of development would be on 50 acres with more than 1,300 uni

America's Indian whiz kids

Narendra Tallapragada, 17, Preya Shah, 17, and Nilesh Tripuraneni, 18, did America proud, placing fourth, eighth, and ninth respectively at the Intel Science Search, the country's most prestigious pre-college science competition, often dubbed the 'Junior Nobel' prize in science. When the top 10 winners were announced at the black-tie gala banquet at the Andrew W Mellon Auditorium in downtown Washington, DC, a back to back first place win for Indian Americans -- after Shivani Sud from Durham, North Carolina won last year -- was not to be. But there were eight Indian Americans, the highest number ever, among the 40 finalists this year. That Indian Americans -- who make up less than 1 percent of America's population -- constituted 20 percent of the finalists underscored Indian children's dominance as the best and the brightest. With the more than 13 other finalists of Asian origin, that translates to over 50 percent of top young science minds from a population that is

Indonesian coal to power RAK projects

Dubai: Ras Al Khaimah Minerals & Metals Investments (RMMI) will begin supplying coal from Indonesia to power the UAE's first fully coal-fired power plant in Ras Al Khaimah in two years. This should help to solve a potential power shortage in the northern emirates - where hundreds of new towers would host thousands of families in new neighbourhoods. RMMI is involved in three major mining projects in Indonesia, Armenia and Congo with investments totalling $1 billion (Dh3.67 billion). The projects will help the emirate to secure long-term energy supplies in the coming years, while the excess capacities will help other emirates. "Initially, we will supply five million tonnes of coal to the Government of Ras Al Khaimah for the new power plant," Madhu Koneru , managing director of RMMI and vice-chairman of Middle East Coal Private Limited (MEC), a Special Purpose Vehicle (SPV) of RAK Investment Authority, told. The strong economic growth in the northern emirates has accele

Lakshmi Kanta Tummala of Flint named president of state society

FLINT, Michigan -- Lakshmi Kanta Tummala of Flint has been named president of the Michigan State Medical Society Alliance. The 1,200-member organization focuses on public health issues and supports activities of the state medical society. Tummala, wife of Flint-area internist and pediatrician Jawahar Tummala , has been an active member of the Genesee County Medical Society Alliance for the past 15 years and has served as its president. She's been involved in numerous community outreach efforts, including the Healing Hands 5K Run and Walk, immunization programs, S.A.V.E. Day and the Needlework Guild. She is a contributing editor to the Genesee County Medical Society's publication, "The Bulletin."Tummala plans to lead the alliance's efforts this year on the issues of alcohol and drug abuse in children, childhood obesity and women's heart disease.