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IFC to invest $23 mn in Srinivasa poultry farms

International Finance Corporation plans to make an equity investment of $23 million (Rs 158 crore) in Srinivasa Farms Pvt. Ltd ( Suresh Rayudu Chitturi - MD ) to help the Hyderabad-based poultry company expand its operations. The fresh capital will help Srinivasa expand its layer, broiler and breeding operations by setting up additional farms and hatcheries, the World Bank’s private-sector investment said in a disclosure. It will also the company expand its feed mills and add soya refineries, set up a food park and set up chicken and egg processing businesses, IFC said. Srinivasa Farms was founded by chairman Jagapati Rao Chitturi in 1965. The Chitturi family collectively owns about 80.04% of the company, the disclosure showed. The company operates an integrated layer and broiler breeding business and has presence in soya, feed, layer and broiler breeding and contract farming. IFC said the company’s total expansion project cost is estimated at $83 million an...

Dhivya Suryadevara spotted 4th in Fortune 40 list

New York: Four persons of India-origin, including Chennai-born CFO of General Motors Dhivya Suryadevara , have been named by Fortune among 40 of the most influential and inspiring young people in business under the age of 40. Instagram Cofounder and CEO Kevin Systrom and Facebook founder Mark Zuckerberg, both 34, are tied for first place on the Fortune '40 Under 40' list. Chief Finance Officer of the US' largest automaker, General Motors Dhivya Suryadevara comes in at the 4th spot , followed by Vimeo CEO Anjali Sud (14), Cofounder and Co-CEO of Robinhood Baiju Bhatt (24) and Female Founders Fund founding partner Anu Duggal (32). For the first time ever, Fortune also assembled a “supplementary honour roll” of the most impressive, young superstars who are transforming business at the leading edge of finance and technology. The ‘Ledger 40 Under 40' supplementary honour roll list shines a light on the pioneers building some of the world's fastest-g...

G.K. Devarajulu The textile city Architect of Coimbatore

The brothers who contributed substantially to the industrialisation of Coimbatore are G.K. Devarajulu and G.K. Sundaram . The sons of cotton merchant G.Kuppusamy Naidu, who also had a ginning unit, both evinced immense capability. Devarajulu, born in 1911, was a man with appetite for risks.     He set up the Lakshmi Mills at the age of just 21. As the machinery for the cotton units were imported from Europe under the impression that those from Japan were substandard, Devarajulu visited the factory in Japan to study whether the machinery would suit Indian requirements. Consequently all the machinery for his unit were imported from Japan. He also introduced the administrative system he found good in Japanese units. When Devarajulu and Mr. Sundaram joined Textool as shareholders in 1940, the company produced its first ring frame. Devarajulu joined hands with R.Venkataswamy Naidu of Peelamedu to set up the South India Viscose for which he imported m...

YADLAPALLI PRANJALA BAGS THAI TITLE

Yadlapalli Pranjala achieved yet another career high when she and her Indian partner Rutuja Bhosale emerged triumphant in the women doubles event of the $25,000 Nonthaburi ITF tournament in the Thailand city of Nonthaburi on Friday. The giant-killers defeated the second seeded Taipei pair of Pei Hsuan Chen and Fang-Hsien Wu 7-5, 6-2 in the title clash. The Indian pair had shocked the top seeded combination of Jia-Qi Kang (China) and local hope Peangtarn Plipuech 6-2, 6-3 in the semifinals. Pranjala, who is sponsored by GVK Foundation, currently enjoys a doubles ranking of No 307

A biopic on India's Formula one racer Kakarla Narain Karthikeyan

Kakarla Kumar Ram Narain Karthikeyan born 14 January 1977  in Coimbatore to Mr.Karthikeyan and Mrs Sheela. The family runs the famous PSG institutions. Narain Karthikeyan is a racing driver who was the first Formula One driver from India. He has previously competed in A1GP, and the Le Mans Series. He made his Formula One debut in 2005 with the Jordan team, and was a Williams F1 test driver in 2006 and 2007. Like several other former F1 drivers, Karthikeyan moved to stock car racing and drove the #60 Safe Auto Insurance Company Toyota Tundra for Wyler Racing in the 2010 NASCAR Camping World Truck Series. In 2011 he returned to F1 with the HRT team, continued with the team in 2012 and was expected to drive for them in the 2013 season as well. However, HRT was not included in the FIA's 2013 entry list, and thus Karthikeyan was left without a drive. In 2013, Karthikeyan raced in the Auto GP series, securing 5 wins and 4 pole positions with Super Nova Racing. For 2014, Karthik...

List of Kamma Lok Sabha members from Tamilnadu (1952 - 2014)

R Prabhu 5 times MP and Ex.Central Minister  1st Loksabha 1952       1)            Pollachi   G Rangaswami Damodaran    Congress 2nd Loksabha 1957 1)             Cuddalore      T.D. Muthukumarasamy Naidu   CRC 2)             Pollachi    P.R. Ramakrishnan,       Congress 3rd Loksabha 1962 1)             Coimbatore    P.R. Ramakrishnan,       Congress 2)             Cuddalore      T.D. Muthukumarasamy Naidu    DMK 3)             Tiruvallur    V. Govindasamy Naidu  ...

List of Kamma Lok Sabha Members (1952 - 2014) from AP

Kotha Raghuramaiah 4 times MP and Ex.Central Minister 1st Loksabha  (1952)            1)            Anantapur  Paidi Lakshmayya,      Congress 2)             Gudiwada    Kadiyala Gopala Rao,    Communist Party 3)             Narasaraopet     Chapalamadugu Ramaiah Chowdary    Ind. 4)             Parvathipuram   Nutakki Ramaseshaiah   Ind. 5)             Tenali     Kotha Raghuramayya      Congress 2nd Loksabha   (1957) 1)             Gudiwada Duggirla Balarama Krishnaiah  ...