Thursday, September 20, 2012

Elgi Equipments buys Italian company

Elgi Equipments, the Coimbatore-based manufacturer of air-compressors and automobile service station equipment, has strengthened its international presence by acquiring Rotair S.p.A, an Italian compressor company.

Elgi informed the Bombay Stock Exchange on Thursday that it had acquired 100 per cent stake in Rotair through its subsidiary in Italy, Elgi Compressors Italy S.r.I.

Jairam Varadaraj, Managing Director of Elgi, has said in a release that with the acquisition, Elgi will have access to new technologies and product lines and also gain a foothold in markets it is not present. Rotair is known for its innovation, and is into design, manufacture and distribution of compressors and allied products for the construction and industrial sectors.

Its products are sold in over 60 countries and its annual turnover is 15 million euro. The promoters of Rotair would continue in the management and its existing management team would run the day-to-day operations, he added.

Giovanni Donadio, President of the Italian company, has said in the release that “Elgi is the ideal partner to take Rotair to the next level of growth and development.”

Elgi Equipments, which registered Rs.793 crore turnover in 2011-12, has manufacturing facilities in India, China and France. In 2010, it acquired France-based Belair, which is into assembly, sale and service of industrial compressors, piping, fittings and accessories.

Saturday, September 15, 2012

Satish Jasti nominated for the Wayne State board

Lotus Bank founder says he can help improve university

Satish Jasti, founder of Novi's own, Lotus Bank, has been nominated to run for the Board of Governors at Wayne State University.

Last weekend at the state's Republican Party Convention in Grand Rapids, Novi City Councilman David Staudt nominated Jasti as one of the candidates to run for two openings on the Wayne State board. Staudt thinks Jasti would bring a business mindset and different perspective to the university's ruling body.

“The Republican Party welcomes and encourages candidates of all ethnicities,” said Staudt, who is also treasurer of the Oakland County Republican Party. “As an individual of Indian heritage, Satish brings diversity to the position and party.”

The position will be up for vote on the statewide ballot Nov. 6. Jasti, along with another Republican candidate, will be running against two Democrats.

For Jasti, this is an exciting opportunity because he is a 1984 graduate of Wayne State and he wants the chance to help his alma mater improve.

“I'm really excited to be nominated, and I believe Wayne State needs more Republican representation,” he said. “It is time to elect the right people with appropriate backgrounds in offering solutions, raising money, controlling costs - people that have the knowledge and the mettle to get things done. Otherwise, we (the taxpayers) will all be paying for it in the long run from our pocketbooks.

His main motivation in running is student debt, which he said comes from increasing tuition rates. According to Jasti, the aggregate student debt is at $1 trillion and its expected to grow as less support is given by state governments.

“The universities have gotten into the habit of increasing tuition revenue to replace the support from the states,” Jasti said. “We need to manage our institutions with fewer state dollars without sacrificing quality or all-important academic rankings.”

According to Jasti, in 2001, 63 percent of Wayne State's General Fund revenue came from the state. In 2012, that percentage dropped to 32 percent and tuition now makes up 60 percent of the revenue.

Another area he wants to see improved is the decreasting graduation rate which he believes the board has a responsibility to increase.

“The lower the graduation rates, the lower the federal research money coming to the university,” said Jasti. “If we don't improve the graduation rates, the reputation of the university also takes a blow -- thus affecting attracting talented professors and research scientists.”

A West Bloomfield resident, Jasti has been married to his wife, Sree, for 25 years and they have two daughters, ages 22 and 15. He founded Lotus in 2005 and left there in 2010 for a position at the Bank of Ann Arbor's Plymouth office, where he is currently the vice president and senior loan officer.

Madhavi Nalluri receive IELTS scholarship

Madhavi Nalluri is among the eight exemplary students who have to receive  the British Council’s International English Language Testing System (IELTS) scholarships 2012 worth Rs. 3,00,000, were announced recently. They were launched two years ago to help students pursue postgraduate programmes at universities abroad.

As a kid and a loyal Harry Potter fan, I always dreamt of studying at Hogwarts. Well, we all know that that is not possible! So I thought how about studying at Cambridge, which resembles Hogwarts and is very close to my childhood dream?” says Madhavi Nalluri jokingly. Going to the University of Cambridge to pursue her Masters in law.

Sunday, September 9, 2012

Marathon woman

Uma Chigurupati, the woman of many marathons and chairperson of Hyderabad Heritage Marathon, feels running helps you see a city in a new light.

On September 23, when runners gather at Chowmohalla Palace at the crack of dawn, Uma Chigurupati and her team will be glad their hard work has paid off. This is the second year of Hyderabad Heritage Marathon, after the Hyderabad 10K Foundation decided to hold separate events for marathons and 10K runs. “People’s Plaza at Necklace Road was getting too congested to accommodate participants of the marathon and shorter runs of five and 10 kilometres,” she says.

Uma and her husband Krishna Prasad are part of the elite Marathon Grand Slam Club and are recognised by Guinness Book of World Records as the only Indian couple to have completed marathons in seven continents in seven months and topping it off with a marathon at North Pole.

The idea of a heritage Marathon came from marathons that Uma and Prasad participated in. “City marathons are different from heritage marathons. The Great Wall Marathon or the marathon route that goes through vineyards in France is an example of how different countries showcase their uniqueness. We have beautiful monuments and felt heritage marathon would be a good idea. The first heritage marathon was held last year, which saw the participation of 800 runners,” says Uma.

Before finalising the route, Uma and her team did several trial runs. The runs begins at Chowmohalla, crosses Charminar, City College, High Court, Mozamjahi Market, Public Gardens and then proceeds to Mehdipatnam and Toli Chowki to Taramati Baradari and Gandipet before taking a detour towards Golconda before ending at Quli Qutb Shahi tombs. Half marathon participants will cut short the run from Artillery Centre and reach Golconda and Qutb Shahi tombs. “Hyderabad Heritage Marathon adheres to standards prescribed by Association of International Marathons and Road Race. We had to take permission since the marathon was taking an additional 200 metres owing to distance between different heritage sites,” she points out.

Unlike 5K and 10K runs that attract close to 15,000 participants, these marathons are for seasoned runners. “There is a lower age limit of 16 years. We are taking steps to ensure adequate medical facilities in case of emergency. We are not interested in putting the spot light on celebrity runners since we want each runner to feel special. Each person who finishes the half and full marathon will get a medal,” she says.

The marathon has a long way to go before it matches up to the popularity of Mumbai Marathon. Uma feels Hyderabad hasn’t produced many serious runners. “We don’t have necessary infrastructure in terms of parks and roads with good pavements. Summer months are also not conducive for running,” she says.

Being a regular marathon participant, she laments the lack of ample lung space in the city. “The KBR Park is beautiful but it gets boring to do a number of rounds within the same park. Also, running regularly on the outer ring of the park can injure your knees because of its ups and downs,” she adds.

Uma is happy that groups such as Hyderabad Runners have encouraged new participants in the city. She is also happy to note the increase in the number of women participants. She recalls, “I began running 10 years ago, at the age of 40. When I started, I thought I wouldn’t manage more than a kilometre. Slowly I built stamina and crossed two, then five and then 10kms.”

She advises new runners to train for a few months before participating in half marathons. The switch from half marathon to full marathon is tough, she says: “Runners should participate in a few half marathons before trying the full marathons. It’s easier to move from 10K to half marathon but once you touch 30km, your body feels exhausted. It takes practice and training to build stamina.”

What she loves most about running is the opportunity it gives to connect with nature. “I’ve been to Washington DC and Los Angeles earlier but viewing those cities as a marathon runner was a different experience,” she says. Uma has also taken part in adventure runs where runners are in the lap of nature. “My first such marathon was in Mongolia where I didn’t come face-to-face with people for long stretches. I felt I was meditating during those five and a half hours of running,” she says. Uma even stopped listening to music on her iPod while running after a fellow marathon runner encouraged her to “listen to the sound of the wind.”

What’s next on her running agenda? “My husband Krishna Prasad and I would like to do different adventure runs. He is an avid photographer and wants to take the un-chartered course with National Geographic teams. I’d also like to follow him. For both of us, taking time out from work and home to complete seven marathons in seven continents was tough. We pushed ourselves,” she says. Krishna Prasad is the managing director of Granules India and Uma is a soil microbiologist working on establishing her new company Krsma, which will manufacture wines.

On the personal front, the couple’s son Harsha and twin daughters Pragnya and Priyanka are their huge support system. “Before we left for the marathon at Antarctica, Harsha gave us a satellite phone and asked us to keep in touch. It was a role reversal. Instead of parents being concerned about children and their adventures, our son was asking us to stay safe,” laughs Uma.

Personal best
Uma and Krishna Prasad’s toughest marathon was the one at North Pole. “Our body was numb despite many layers of clothing. We didn’t have enough time to get acclimatised to the condition. The marathon was on frozen sea water and at many times, we saw huge cracks on the glaciers and didn’t know if it was safe to take the next step. We completed the marathon in nine hours,” she recalls. Completing the North Pole Marathon made her and Krishna Prasad join the elite Grand Slam Marathon club.

Wednesday, September 5, 2012

Telugu TV Channels own and run by Kammas

1) ETV - Cherukuri Ramoji Rao
2) Gemini - Akkineni Manohara Prasad (Founder and stake holder)
3) MAA - (MAA - Music, MAA Movies) Nimmagadda Prasad, Akkineni Nagarjuna (Majority stake holders - Then sold to Sony)
4) TV9 - Velicheti Ravi Prakash, minority stake holder holds the grip
5) ETV2 - Cherukuri Ramoji Rao
6) TV 5 - Bollineni Rajagopala Naidu
7) NTV - Tummala Narendranath chowdary
8) Studio N - Narne Srinivasa Rao, sold to SivaramPrasad Vasireddi
9) Mahaa TV - Inaganti Venkatarao now taken over by Sujana Chowdary
10) I News - Tummala Narendra and Sabbineni Surendra (sold to Kiran Kumar Reddy)
11) ABN Andhra Jyothi - Radhakrishna Vemuri
12) Bhakti - Tummala Narendranath Chowdary
13) Vanitha - Tummala Narendranath Chowdary
14) ATV - Anil Sunkara 
15) CVR News - Chalasani Venkateswara Rao
16) CVR Health - Chalasani Venkateswara Rao
17) Om TV - Chalasani Venkateswara Rao
18) YTV - Yalamanchili Venkateswara Rao (Aired from Vizag)
19) Express TV - Chigurupati Jairam
20) 10 TV - Fundeded by CPM workers and promoted by Tammineni Veerabhadram
21) Captain TV (Tamil) - Lingutla Kannaiah Sudhish (LK Sudhish)

CVR Telugu news channel started

Another news channel is added in telugu channels list. Image Hospitals Chairman, President - Ameerpet Kamma Sangham Mr.Chalasani Venkateswra Rao is launching another two channels soon. Their first venture CVR News is launched recently. Apart from CVR News Image Broadcasting India Pvt Ltd is going to launch another 2 TV channels in Telugu. CVR Health and Om TV would also be launched in a couple of months. According to sources, Image Broadcasting has applied for another channel based on music. CVR News channel started test signal last month.

Kammavar Naidu Association First Meet in Dubai

Tuesday, September 4, 2012

Saketh Myneni gets look into Davis Cup squad

New Delhi: All India Tennis Federation selection committee has announced the Davis Cup team for the Asia/Oceania Group I tie in Chandigarh.

Olympian Vishnu Vardhan, Yuki Bhambri, Saketh Myneni and Sanam Singh are the players who would be representing India in the upcoming team event against New Zealand from September 14th.

Divij Sharan and N. Sri Ram Balaji have been named as the reserves.

The team filled with youngsters was chosen after star Indian players Leander Paes and Somdev Devvarman made themselves unavailable while the duo of Mahesh Bhupathi and Rohan were dropped following their denial to team up with Paes in 2012 London Olympics.

AITA had earlier said that they decided on to choose young players as it was time to build a strong junior team.