Kammas World

France-based Lactalis Group, the world's largest dairy products maker, is in talks to buy majority stake in Hyderabad-based Tirumala Milk Products Pvt Ltd, as per a report in  The Economic Times . The report said Lactalis could pay up to $300 million for around 70 per cent stake, which could value the firm around $430 million. Bolla Bramha Naidu , one of the four founders of Tirumala, told ET, "PE firm  Carlyle, which owns a 20 per cent stake, would sell its holding while the  four promoters would divest another 50 per cent, resulting in Lactalis  owning 70 per cent. The negotiations are still on and clarity over exact  stake sale could take a few more days." In 2011, Carlyle acquired 20 per cent stake in the company for Rs 110 crore. It would score a multi-bagger with the proposed deal. The remaining 80 per cent stake is held by the promoters Bolla Brahma Naidu, Danda  Brahmanandam, B Nageswara Rao and N Venkat Rao. Lactalis, which a...

Ann Arbor-based AMF-Nano Corp. is the tech equivalent of "It takes a village to raise a child." For founder and President Rakesh Katragadda , his company is the metaphorical child, born in 2009. The village is what has grown into a statewide entrepreneurial support system that has helped him reach about $100,000 in revenue this year and a projection of $500,000 to $1 million next year and up to $12 million in three or four years.  Katragadda's company, which has three patents, makes wireless environmental sensors about the size of a penny that monitor water and air quality, temperature, humidity, soil quality and other conditions. It employs five and has had entrepreneurial support from institutions and people ranging from Troy to Traverse City to Iowa.  Katragadda, 32, who got his master's degree in engineering from Wayne State University in 2007, worked on a retinal eye implant project for the Kresge Eye Institute, then as a consultant for Kalamazoo-based...

Rajagopal Kantamneni began helping poor kids suffering from major illnesses after his daughter died from a rare cancer Rajagopal Kantamneni, 50, who works in a top tech company in Bangalore, got a call out of the blue from an oncologist in Hyderabad. "A 14- year-old boy, Syed Rahil, has been diagnosed with acute lymphoblastic leukemia - a cancer of white blood cells. His parents are too poor to afford the treatment. I will do the operation free of cost, but the other costs have to be borne by someone." Kantamneni immediately agreed to raise the money, which turned out to be a whopping Rs 3 lakh. And the boy survived.Kantamneni is different from the other philanthropists in that he actively looks for poor children suffering from rare diseases in Karnataka and Andhra Pradesh. He works with doctors through the Kinnara Memorial set up with a corpus fund from friends in the US. Conducting camps in remote hamlets, they have so far helped 3,000 children, 80 of them with major ...

Smt. Nara Bhuvaneswari, Vice Chairperson & Managing Director of the Heritage Foods, named as most powerful business women in India, and placed at 45th Rank in the list of Fortune-50 most powerful business women for the year 2013. Fortune is a global business magazine published by Time Inc.United States (US).

US Supreme Court justice declined a request from Teva for a stay of an appeals court ruling that would strip the company's USD 4 billion-a-year multiple sclerosis drug Copaxone of patent protection in 2014, rather than in 2015. Shares of Natco Pharma (  Rajeev Nannapaneni, CEO )  gained of 8 percent, touching a record high of Rs 826 intraday on Thursday . Investors are bullish on the stock as US Supreme Court rejected Teva stay request in Copaxone case. A US Supreme Court justice declined a request from Teva for a stay of an appeals court ruling that would strip the company's USD 4 billion-a-year multiple sclerosis drug Copaxone of patent protection in 2014, rather than in 2015.  In July, the US Court of Appeals for the Federal Circuit issued a decision in a patent fight that pits Teva against two teams developing cheaper generic forms of Copaxone: one with Novartis AG and Momenta Pharmaceuticals and another between Mylan and Natco Pharma. In NSE This stock closes...

If you've ever considered buying a second-hand smart phone or plasma TV, you've probably experienced the following pain points -- there's no way to tell whether the gadget is in good shape; there's no telling whether you've been gypped on its price; and you need to visit the seller to take delivery of your product. These were the questions that confronted 36-year-old Ram Nutakki when he wanted to buy a used smart phone in mid-2012. "I realised that to buy a phone at half the original price, I had to meet three or four people and invest a lot of time and effort to find what I wanted. Also, there was no way to tell whether the product would work properly after the purchase," reveals Nutakki.   Defining 'Re-commerce' After a little research, Nutakki realised there was a sizeable opportunity in the 're-commerce' space for lifestyle gadgets. With a consulting background in SaaS and e-commerce, Nutakki gave it some serious thought. ...

Ohio: The 257-room, full-service, water park hotel is expected to open November 15, 2013. Radisson announced the signing of the Radisson Cincinnati North CoCo Key Water Resort, Cincinnati. The 257-room, full-service, water park hotel is expected to open November 15, 2013. "The signing of this hotel reinforces one of our development goals to expand Radisson in key suburban markets," said Javier Rosenberg, chief operating officer, Radisson, Americas. "This addition plays a key role as we continue developing the Radisson brand as a powerful, globally consistent, first-class brand complemented by the Radisson 'Yes I Can!' service spirit." "We are thrilled to begin a relationship with Carlson Rezidor Hotel Group and its family of brands. We are confident that the consistency, value and leadership of this brand and the Carlson Rezidor system will result in a successful future for this hotel," said Vijayakumar Vemulapalli, owner of ...

A short profile of Satya Nadella who could be the next top boss at Microsoft Hyderabad born  Satya Nadella , Executive Vice President of   Microsoft 's Cloud and Enterprise Group is the man responsible for building and running the "Cloud OS' - Microsoft's next generation cloud computing platform. He is more importantly, now on the shortlist with 7 others to replace Microsoft CEO   Steve Ballmer , who is expected to hang up his boots in the next few months. Nadella will be competing with 5 external candidates including Ford Motor Co chief   Alan Mulally   and former Nokia CEO   Stephen Elop , and at least three internal candidates including former Skype CEO   Tony Bates , for the top job at the iconic silicon valley software giant.   Nadella's journey, from being a  Hyderabad  boy to possibly helming one of the world's biggest technology companies is what dreams are made of. Born in the city of the Nizams, Nadella earned an engi...

Late. Dr.D. Jayavarthanavelu (1940 - June 12, 2010) was Chairman and Managing Director of Lakshmi Machine Works Limited (LMW), Coimbatore,  son of founder of LMW, the late G. K. Devarajulu. After his schooling in Coimbatore, Mr. Jayavarthanavelu studied B.S. Textiles at Philadelphia University, U.S. He has been conferred with Doctor of Letters ( honoris causa ) by various universities. He was also selected for the “Vivekananda National Award for Excellence” by the Ramakrishna Mission Vidyalaya on the occasion of its platinum jubilee celebrations in February 2006. Mr. Jayavarthanavelu was a member of the Central Board of Directors of the Reserve Bank of India and of the Development Council for the Textile Machinery industry constituted by the Government of India. He was honorary vice-consul of Italy with jurisdiction over Tamil Nadu. He was chairman of the Textile Machinery Manufacturers Association, India. He was granted the Status of Companion of the Textile ...

busIndia.com currently sells about 50,000 tickets daily and has revenues of about Rs 100 crore. BANGALORE, OCT. 1:    busIndia.com, the largest bus ticketing portal in the world and at least two times larger than redbus.in, is planning to raise over Rs 200 crore from private equity funds. The Chairman and CEO of busIndia.com’s parent, the Bangalore-based Radiant Info, Venu Myneni told that the exact amount of funding is being worked out currently though several PE funds have already shown interest in the company. Myneni, however, did not say how much stake he was willing to sell in return of funds. redbus.in was valued at slightly over $100 million after the South African group, ibibo acquired it. busIndia.com currently sells about 50,000 tickets daily and has revenues of about Rs 100 crore while parent Radiant Info has revenue of about Rs 400 crore. Radiant Info has offices in the US. While its Indian office operates busIndia.com and work from State transp...

ప్రకాశం జిల్లా   కారంచేడు గ్రామానికి చెందిన  న్యాయకోవిదులు శ్రీ తాళ్ళూరి సునీల్ చౌదరి గారు రాష్ట్ర హై కోర్ట్ అదనపు న్యాయమూర్తిగా నియమితులయ్యారు. గతంలో హైకోర్ట్ పరిపాలనా, విజిలెన్స్ రిజిస్త్రార్ గా పనిచేసిన సునీల్ గారు రాష్ట్ర హై కోర్ట్ రిజిస్త్రార్ జనరల్ గా కూడా వ్యవహరిచారు. న్యాయ శాస్త్రంలో విశేష అనుభవమున్న సునీల్ గారు గతంలో గుంటూరు, కర్నూలు జిల్లాల్లో ప్రిన్సిపాల్ జడ్జి గా సేనలందించారు. 1998లో నేరుగా జిల్లా జడ్జి గా నియమితులయ్యారు. హై కోర్ట్ లో గవర్నమెంట్ ప్లీడర్ గా కూడా పనిచేసిన అనుభవం ఆయనిది. 24.10.2013 తేదీన  హైకోర్ట్ ప్రధాన న్యాయమూర్తి జస్టిస్ కళ్యాన్ జ్యోతి సేన్ గుప్తా, అదనపు న్యాయమూర్తిగా శ్రీ సునీల్ గారిచేత ప్రమాణం చేయిం చారు . వీరికి భార్య, ఇద్దరు కుమార్తెలు వున్నారు. పెద్ద అమ్మాయి CA చదువుతుండగా , చిన్న అమ్మాయి B.Tech చదువుతున్నారు. సునీల్ గారి సతీమణి శ్రీమతి శైలజ కూడా న్యాయవాదిగా పనిచేస్తున్నారు.  వీరి చేరికతో ఆంధ్ర ప్రదేశ్ హై కోర్టులో కమ్మ జడ్జిల సంఖ్య మూడుకు చేరింది.