NBCC secures Rs 1,900 crore businesses in May
Posted by on 06 June

NBCC secures Rs 1,900 crore businesses in May

New Delhi: State-owned construction firm NBCC today said it has secured businesses worth Rs 1,900.79 crore in May. Over the last year, National Buildings Construction Corporation (NBCC) has secured some big-ticket projects including redevelopment of exhibition centre of ITPO for Rs 2,149 crore and AIIMS redevelopment works project worth Rs 5,828 crore. "NBCC secured a total business amounting to Rs 1,900.79 crore in May, 2016," the company said in a regulatory filing. The company has reported a 6 percent rise in its consolidated net profit at Rs 141.48 crore in the March quarter. Its income from operations rose 40 percent to Rs 2,313.38 crore in January-March 2015-16. For the entire 2015-16 fiscal, NBCCs net profit increased to Rs 311.13 crore and income from operations rose to Rs 5,838.27 crore. The company is also expecting to get three projects for redevelopment of the government properties worth about Rs 25,000 crore in the national capital, NBCC's Managing Director Anoop Mittal had said. NBCC, under the administrative control of Ministry of Urban Development, is present in three main segments -- Project Management Consultancy (PMC), Real Estate Development and EPC Contracting.
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Everstone-backed Servion Global appoints Sameet Gupte as new CEO
Posted by on 06 June

Everstone-backed Servion Global appoints Sameet Gupte as new CEO

Chennai: Everstone Capital and Solmark-owned Servion Global Solutions, a customer engagement management (CEM) solutions provider, appointed Sameet Gupte as its new CEO and Board member. The new appointment comes as the company aims to double revenues within the next four years, with the firm growing currently at around 20% annually. Prior to joining Servion, Gupte was Executive Vice-President & Global Head of financial services for VirtusaPolaris, an IT consulting firm. Gupte replaces Balakrishnan K who has been elevated to Executive Vice-Chairman of Servion’s Board. The high-level changes comes as Servion focuses aggressively on the Digital space, with a clear eye on customer experience evolving as the single largest differentiator for major industries like BFSI, Telco & Healthcare, said the company. With its IP-based platforms, the firm feels that it is perfectly positioned to establish itself as a leader in the Proactive Customer Management space, within these focuses industries. Two thirds of the Servion's revenues come from UK and US markets and the company is increasingly focusing more on these markets. Evertech, an SPV of Everstone Capital and Solmark, owns a majority stake in Servion. In November 2014, Everstone Capital, along with Solmark, through Evertech signed an agreement to invest Rs 403 crore for acquiring a controlling stake in Servion Global Solutions.
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Blume Ventures invests Rs 4 crore in the Wedding Brigade
Posted by on 28 April

Blume Ventures invests Rs 4 crore in the Wedding Brigade

Bengaluru: Blume Ventures, with participation of four other angel investors in a Pre-Series A round of funding, has invested Rs 4 crore in Mumbai-based online wedding shopping portal, The Wedding Brigade. The capital infused into the venture will be allocated towards enhancing product and services offerings, growth activities and acquiring talent. The Wedding Brigade (formerly known as Indear) was founded by Sanna Vohra in 2014 as a platform that let users purchase wedding apparel, jewellery, gifts and other essentials. The company aggregates content, products and services directly from wedding vendors and designers, and organizes it in an innovative manner in order to simplify the wedding planning process. The Wedding Brigade will continue to operate as an aggregator, but will shift from a marketplace model to a selectively curated model. "We have decided to do a thick layer of filtering to eliminate all the noise," said Vohra. According to Sajid Fazalbhoy, Principal at Blume Ventures, the second largest expense for an Indian family post purchase of a home is a wedding. "Though the market opportunity is huge, it is being served by a few mall fragmented players," he said. Currently, Indear's 17-member team will look to expand to other cities such as Bengaluru, Hyderabad and Chennai and introduce new categories such as photographers, caterers and more.
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Mahindra launches Yuvo tractor in MP
Posted by on 12 April

Mahindra launches Yuvo tractor in MP

Bhopal: Mahindra & Mahindra’s Farm Equipment Sector on Tuesday launched new range of tractor Yuvo in Madhya Pradesh. “The Yuvo is the result of an extensive research and development program of Mahindra team, which collected feedback from customers across 12 states,” Ravindra Shahane, Head of Mahindra Marketing, Tractor and Farm Mechanisation told reporters here. “Over 7,000 inputs went into development Yuvo which was then put through 1,40,000 hours of lab and field testing across 12 states covering relevant applications,” Shahane added. He said Yuvo offers many new technology features to farmers in the country, who are looking for tractors in 30—45 Horse Power (HP) range. Yuvo is designed to deliver superior performance in farming operations in any soil condition and offers versatility to carry out over 30 applications, thus making it ideal for using in any part of the country, he added. The Yuvo range comes in five models — 265 DI (32HP), 275 DI (35HP), 415 DI (40HP), 475 DI (42 HP), and 575 DI (45 HP).  
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Sanitation drive launched in 9 villages
Posted by on 29 March

Sanitation drive launched in 9 villages

Mumbai: On the lines of Prime Minister Narendra Modi’s ‘Swachh Bharat’ initiative, a Healthy India program aimed at addressing the sanitation needs of communities in nine remote villages across four districts in Maharashtra was launched on Monday. The program, jointly launched by tyre manufacturing company Goodyear India, and International Association for Human Values (IAHV), is focused on robust awareness campaigns on issues related to water, sanitation and hygiene (WASH), village cleanliness drives and the construction of household toilets. “The vision of the project is to create open defecation-free communities in nine villages across districts of Amravati, Washim, Satara, Ahmednagar and Jalna by 15 April,” Dilraj Bedi, board member, IAHV said. The villages that will be covered by the project are Dhanora, HiwaraRohila, Jaigaon, Pimplalgaon Turk, ShirasgaonBodka, Khandaviwadi, Kadaki, Edlapurand Nandra. A total of 642 toilets have been built in the nine villages towards the vision of creating open defecation-free communities, Bedi added.  
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Madras HC makes national anthem mandatory in schools
Posted by on 06 March

Madras HC makes national anthem mandatory in schools

Chennai: The Madras high court has made National Anthem mandatory in all schools including private institutions. Hearing a public interest litigation, the HC bench comprising chief justice Sanjay Kishen Kaul and justice MM Sundaresh asked the central and state education departments to make steps to verify whether the national anthem is being sung in schools during the morning assembly. The petitioner contended that some private schools do not honour the obligation. The Central Board of Secondary Education (CBSE) in its reply said a circular has been issued in November last insisting singing the national anthem with decorum and to respect the national flag.  
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A tribute to the great poet ONV
Posted by on 14 February

A tribute to the great poet ONV

Thiruvananthapuram: Poet-lyricist ONV Kurup who died here on Saturday at the age of 84 was a renowned poet in Malayalam and is a recipient of the Jnanapith award. A much-loved and respected teacher of Malayalam literature, he taught two generations of college students in Kerala. He was honoured with the Padma Sri in 1998 and with the Padma Vibhushan in 2011. He was awarded the Jnanpith in 2007. Kurup was the fifth recipient of the country's highest literary honour for Malayalam language, after G Sankara Kurup, S K Pottekkat, Thakazhi Shivashankara Pillai and M T Vasudevan Nair. ONV has also penned lyrics for several Malayalam films. He has worked as a Malayalam lecturer and department head in many prestigious colleges in Kerala. He is survived by his wife Sarojini and children Rajeevan and Mayadevi. ONV was also part of many dramas by Kerala People's Arts Club (KPAC), which has made a major mark in the revolutionary movements of Kerala. "Kalam Marunnu" (1956) was his first film which was also the first film by famous Malayalam composer G Devarajan. Kurup also contributed to progressive movements in the state through his theatre songs and writings. He has penned over 900 songs in over 200 films, besides numerous songs for plays and albums. In the coming years, ONV is more likely to be remembered for his lyrics than his poems. Many of his songs could qualify as standalone romantic or lyrical poems. His collaborations with music directors, Devarajan, Dakshinamoorthy, Salil Choudhary, Ravi and, most importantly, MB Sreenivasan, resulted in the creation of some of Kerala’s finest popular music.
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Suresh Raina, Raj Babbar among applicants for UP’s Rs 50,000 pension
Posted by on 08 February

Suresh Raina, Raj Babbar among applicants for UP’s Rs 50,000 pension

Luknow : Over 100 prominent names from the world of cinema, music and sports have applied for the Uttar Pradesh government’s monthly pension for Yash Bharti awardees. Yash Bharti is one of the highest state-level awards conferred for excellence in literature, fine arts, classical music, folk music and sports. Officials in the state’s culture department said artistes who had applied for the Rs 50,000 pension included cricketers Mohammad Kaif and Suresh Raina, singers Shubha Mudgal, Kailash Kher, Rajan-Sajan Mishra and Channulal Mishra and actors Jimmy Shergill, Raj Babbar and his wife Nadira Babbar. The department had sent out letters to all 141 awardees with a copy of the application form, asking them to apply for the pension. Officials said they had received over 100 applications until January 31 the last date to apply for the pension. While actor Amitabh Bachchan had declined the pension as soon as it was announced in November last year, many others have accepted the offer. “I have applied for the pension because arts and artistes are usually neglected. In such a scenario, if the Uttar Pradesh government has decided to honour them beyond awards, it is a very valuable gesture that should be respected,” singer Shubha Mudgal said. Mohammad Kaif too said he did not want to turn down the honour and had therefore filed his application. “Unlike Bollywood artistes, we are classical singers who have limited patrons. We train students free of cost and are only dependent on shows for our fees. Therefore, the pension would be of great help for us,” said brothers Rajan and Sajan Mishra, who were felicitated with the Yash Bharti award in 2013 and 2014 respectively. Singer Kailash Kher said he would use the pension for a good cause. “The phrase ‘kabhi arsh par toh kabhi farsh par’ (sometimes in the sky and sometimes on the ground) is what defines artistes like us. This money will do lot of good to those who need it badly because in our field, there is a lot of uncertainty,” he said. Meanwhile, with the overwhelming response, a dilemma has come up for the state government. “There are some artistes who are already receiving some pension from the state. In such a case, the final decision on their applications is yet to be made,” said a source at the department.  
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Goa may ban drinking alcohol in public places!
Posted by on 28 January

Goa may ban drinking alcohol in public places!

Panaji: The Goa government is considering banning consumption of liquor in public places to check nuisance, a senior official said. "There are complaints from common people about consumption of liquor in public places, which leads to littering and other nuisance. The existing excise law needs to be amended for the same," Goa's Excise Commissioner Menino D'Souza told media. "The state excise department would amend the Goa, Daman and Diu Excise Act, 1964, which would give powers to the department's inspectors to punish the offenders," he said. The department has already formed a committee headed by former excise commissioner Ashok Desai to review the existing excise law, D'Souza said. According to government records, there are 332 wholesale liquor shops in Goa, besides 9,445 bars and restaurants serving alcohol. D'Souza said the state tourism department has already amended the Goa Tourist Places (Protection and Maintenance) Act to check the nuisance of drunken people at tourist places. "The tourist places are defined as beaches and other spots, and India Reserve Battalion (IRB) of Goa Police have been asked to take action against those found drinking at these places. It is working as a deterrent," he said. The tourism department took the step after groups of errant tourists were found drinking and breaking glass bottles on the beaches, resulting in several injuries, he said.  However, D'Souza said, the ban needs to be introduced in a balanced way. "There are many families who go on picnics where they drink in open spaces. They don't create nuisance. The ban should not affect such kind of picnics," he said. The department is also considering to ban liquor consumption in public places during certain hours.  "We can even restrict the timings so that there is a control (on the problem)," he said. Shops selling cheap liquor on wholesale basis have mushroomed in the state and this has heightened the problem of nuisance caused by drunken people.
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India celebrates its 67th Republic Day
Posted by on 26 January

India celebrates its 67th Republic Day

New Delhi: Prime Minister Narendra Modi on Tuesday extended Republic Day greetings and paid tributes to those “great personalities” who framed our Constitution. The PM also saluted Dr BR Ambedkar for his efforts as chairman of the Constitution drafting committee. As India celebrates its 67th Republic Day today, tight security is being maintained across the country. Delhi turns into fortress for Republic Day: Know security details here French President Francois Hollande will be the Chief Guest at the Republic Day parade. A multi-layer security blanket has been thrown around the national capital with anti-aircraft guns positioned at vantage points in view of intelligence inputs that terror groups may target some important installations in the national capital. Special arrangements have been made at the historic Rajpath where President Pranab Mukherjee, who is the Commander-in-Chief of Defence Services, will be witnessing nation's military might that will be on display. French President Francois Hollande will be seated along with Mukherjee and host of VVIPs including Vice President Hamid Ansari and Prime Minister Narendra Modi. Besides the entire might of Delhi Police, personnel from paramilitary forces have also been pressed into security duty service.
0 0 470 26 January, 2016 Also in the news more