Monday, April 25, 2011

Asheesh Boyapati Eliminated in 2nd place of The World Series of Poker Circuit St. Louis Main Event

Asheesh Boyapati, a software engineer who took up poker last year and who plays only recreationally, gained a second place finish. Boyapati’s exploits saw him pocket $87,927 in prize money.

Cartwright has begun the final duel between Asheesh Boyapati with a huge advantage, 6.8 million chips face to the 2.1 million of Boyapati. His ascension to the throne was more than evident. By finishing in the runner-up place, Boyapati won $ 87,927 while Kyle Cartwright was awarded the first prize of $ 142,290 and access to the big championship in May.

Saturday, April 23, 2011

Madhucon Projects to develop 1320 MW thermal power plant

Andhra Pradesh based, roads to power player, Madhucon Projects (Nama Nageswara Rao, Chairman & MD) is all set to launch a 1320 MW thermal power plant in Ranchi, Jharkhand. The company has signed an MoU with the Jharkhand government for the Rs 6000 cr project.

The company will need about 1000 acres for the plant and expects clearance for the land in about 6 months. The plant will most likely be executed in 2 phases of 660 MW each and would also receive coal linkage from the Jharkhand government.

Wednesday, April 20, 2011

Senior IPS officer Myneni Punna Rao passes away

HYDERABAD: Senior IPS officer and IG, CID, Myneni Punna Rao died while undergoing treatment at a private hospital in Secunderabad on Tuesday.

Rao had undergone bypass surgery on Saturday and was recuperating in the intensive care unit (ICU). He developed post-surgery complications. On Monday at around 6 am, he died.

Mr.Punna Rao belongs to 1988 batch of IPS and hails from Repalle in Guntur district. He is survived by wife, one son and one daughter.

He worked as Superintendent of Police of West Godavari district and as Additional Commissioner in the city branches of Crime, Traffic and Headquarters.

The IPS officers' association of Andhra Pradesh expressed deep shock at the sudden demise of Punna Rao.

Monday, April 18, 2011

Narain proves reliability at Chinese Grand Prix

CHENNAI: Kakarla Narain Karthikeyan is now looking to shift gears to "attack mode" after he and his Hispania Racing (HRT) teammate Vitantonio Liuzzi achieved the target they had set, at the Chinese Grand Prix in Shanghai on Sunday.

The duo's main objective for the day was to last the race distance and banish all doubts about the car's reliability. Narain finished 23rd while his Italian teammate crossed the chequered flag 22nd. The HRT cars were lapped twice by Lewis Hamilton and a few front runners but the Spanish team's Shanghai mission was not to push for pace but to run the full distance and so it was a satisfying result. Now the drivers are looking towards catching up with their immediate rivals - the Virgin cars, which, just like HRT, are powered by Cosworth engines.

"We met our main objective today which was none other than to finish the race," said Narain after the race. "I don't think the Virgins are that far ahead of us which is good for future races

Friday, April 15, 2011

Babu Rao Mandava receives Ellis Island Medal of Honor

New York: Highly successful Businessman and Philanthropist Babu Rao Mandava received the prestigious Ellis Island Medal of Honor for 2011. He is the founder and CEO of Indotronix International Corporation (IIC) with more than 800 employees, and resides in Poughkeepsie, NY.

The Ellis Island Medals of Honor celebrate the diversity of American life, honoring not only individuals, but the pluralism and democracy that have enabled ancestry groups to maintain their identities while becoming integral parts of the American Way of life. A ceremony will be held on May 7, 2011 on Ellis Island.

Babu Rao Mandava was born May 15th 1935 in the Village of Movva, Krishna district, Andhra Pradesh, in a middle class farming family that had a strong interest in helping their fellow human beings. His father founded The Mandava Kanakayya Zilla Parishad High School in 1947. Currently, Sri.Babu Rao is the founder and CEO of Indotronix International Corporation (IIC), and resides in Poughkeepsie, NY.

After working nineteen years with IBM in management, he took an early retirement and cofounded an IT company, Indotronix International Corporation (IIC). As president and CEO, Babu Mandava, in the past 24 years, has provided employment to thousands of people, among these, many Indian immigrants. IIC, with over 800 employees, works closely with several Fortune 500 companies in the USA, and has a major presence in both USA and India.

Thursday, April 14, 2011

Quiznos signs master franchise agreement for India with Arjun Valluri

As part of its international development initiative, US-based premier restaurant chain for subs, salads and soups Quiznos plans to enter India. The company has recently signed a master franchise agreement with Arjun Valluri – who has brought a variety of restaurant concepts, including Xtreme Sports Bar, Excess Night Club to southern India – to open its first outlet in May this year.

With 15 Xtreme Sports Bar locations and three Caffe Latte concepts, Valluri, awarded the master franchising rights for southern India, including Bangalore, Kochi, Chennai and Hyderabad, will help Quiznos with understanding of the local market.

Wednesday, April 13, 2011

Hyderabad couple Uma, Krishna Prasad Chigurupati wins marathon at North Pole

HYDERABAD: Krishna Prasad Chigurupati and his wife Uma Krishna Prasad from Hyderabad are no ordinary couple from the city. They have the distinction of being the first married couple in the world to participate in a marathon at the northern most point of the globe, the North Pole. The couple, who set out from the city on April 4, scaled the chilly snow covered terrain on April 9 running by each other's side to reach the exact point which the US navy engineer, Robert Peary had managed to reach in 1909.

The couple is also the first ones to complete a marathon `Grand Slam' which includes running in all the seven continents and even the North Pole. The two had covered all the continents by December 15 and had set out to get the grand slam title.

According to the Krishna Prasads, the North Pole was the toughest terrain they ran on. "Reaching the place itself was quite difficult. We had to take a private aircraft from Svalbard and reached a point closest to the North Pole point and ran 14 loops of three kilometres each, completing our run in 9 hours and 11 minutes," said the Prasads. Interestingly, the Prasads, who were in a group of 26 runners, ran from 10 pm and throughout the night. "It was special because the Sun does not set in the North Pole and hence running in the night was like running on a sunny day," said an excited Uma Krishna Prasad. The couple said that by the time they finished their run, they were too tired to even stand up. "But we held our flag high and felt proud to be the only Indians to be there," they said.

According to Krishna Prasad, their interest in marathons started rather accidentally when he went for a half kilometre marathon in Iceland with one of his relatives. "While it started as a fitness thing, it soon became a passion. Each marathon we participated was an exhilarating experience," said Uma Krishna Prasad. Krishna Prasad, who is the managing director of a pharmaceutical company, Granules India, and Uma Krishna Prasad, who runs a startup business venture, Krsma Vineyards, say that the tour across the world and marathons in exotic locales have now become a lifestyle for them. The couple were back from the North Pole trip on Tuesday and are now wondering when their next trip should be.

Jayarama Prasad Chalasani - CEO: Reliance Power Limited

Mr. J.P. Chalasani is the Chief Executive Officer of Reliance Power Limited and is responsible for generation and infrastructure business of Reliance ADA Group. He was Director (Business Development) in Reliance Energy Limited since 2003. Prior to it, he was working as the Chief Executive of BSES Rajdhani Power Limited & BSES Yamuna Power Limited and BSES Infrastructure Finance Limited.

Mr. Chalasani started his career in 1979 in National Thermal Power Corporation (now NTPC Ltd) and worked there till 1995 before joining Reliance Power Limited (RPL) as the Vice President from 1995-2001. During his 27 years of experience in power sector in both public and private sector, he has held responsibility for various infrastructure projects such as Mumbai Metro, roads, SEZs etc. He was also instrumental in the privatisation of Delhi's power distribution segment. Mr J P Chalasani is an Engineering graduate from Regional Engineering College, Nagpur.

Panda MS Prasad - Executive Director: Reliance Petroleum

Mr. PMS Prasad, Executive Director has been appointed as a Wholetime Director of the Reliance Petroleum with effect from August 21, 2009. He holds a Bachelor's degree in Engineering and has been with the Company for 28 years. He has been recognized as one of the finest professionals in the energy industry. Presently, he heads the Petroleum upstream and refining business, which comprises exploration and production and refinery supply and trading. Over the years, he has held various positions in the fibres, petrochemicals and petroleum business of the Company. He was also the project head of the Jamnagar refinery and petrochemicals complex. He was recently awarded an Honorary Doctorate degree by the University of Petroleum Engineering Studies, Dehradun.

Mr. PMS Prasad is a director of Reliance Jamnagar Infrastructure Limited, Reliance Petroinvestments Limited, Reliance Commercial Dealers Limited, Reliance Gas Corporation Limited, Reliance Gas Transportation and Infrastructure Limited and several Private Limited Companies. He is member of Audit Committee of Reliance Jamnagar Infrastructure Limited and Reliance Gas Transportation and Infrastructure Limited.

Vinod Dasari - Managing Director: Ashok Leyland

Mr. Vinod Kumar Dasari is Managing Director, Whole Time Director of Ashok Leyland Ltd. Mr. Vinod Kumar Dasari served as the Chief Operating Officer of Ashok Leyland Ltd. since April 6, 2005 and served as the Head of its manufacturing, strategic sourcing and corporate quality engineering divisions.

Mr. Dasari served as a Joint Managing Director of Cummins India Ltd. He joined Cummins in 2002. He commenced his career with the General Electric Company in 1986. He served as the President of the Global Railroad business of Timken U.S.A. for two years. He joined Timken U.S.A. as Senior Business Analyst of Manufacturing and Strategy. He served as the Managing Director of Timken India Ltd. since 1998 and also served as its Director of Manufacturing and Technology. Mr. Dasari has been an Additional Director of GULF Oil Corporation Limited since September 27, 2006. He served as a Director of Lanka Ashok Leyland since December 17, 2009. He served as a Wholetime Director of Ashok Leyland Limited since May 2008. He served as a Non Executive Non Independent Director of Timken India Ltd. until April 23, 2005.

Mr. Dasari holds a Bachelors degree in Engineering from University of Louisville, USA, a Masters Degree in Business Administration from J.L. Kellogg School of Management, USA in 1992 and a Masters Degree in Engineering Management from McCormick School of Engineering, USA.

Friday, April 8, 2011

Zambia Regulator OKs Maamba Collieries Take over by Nava Bharat

Zambia's Competition and Consumer Protection Commission, or CCPC, has cleared the takeover of a 65% stake in the country's largest coal miner, Maamba Collieries Ltd. by India's Nava Bharat Ventures Ltd (Devineni Ashok, Executive Chairman). The transaction doesn't raise any competition and public concern issues, and has therefore been authorized by the CCPC, it said in a statement. T

he takeover will provide Maamba with fresh capital to boost coal production and will not compromise its customers because they have alternative sources of coal supply both in the domestic and import markets, according to the CCPC. Last year, Nava Bharat announced that it would invest around $600 million in Maamba in the next 18 months to construct a coal processing plant and a 300- megawatt coal-fired thermal power plant.

Until 2008, Maamba was the leading supplier of coal to Zambia's copper and cobalt mines on the Copperbelt and North Western provinces, but inadequate investment and labor strikes hampered the company's operations, compelling mines to resort to more expensive imported coal.