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Jul 26, 2015

BSE Sensex This Week

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BSE Sensex This Week
On Friday, a benchmark index of Indian equity markets, the 30-scrip Sensitive Index (Sensex), on Friday provisionally closed 247 points or 0.87 percent down. NSE Nifty fell by 63.20 points or 0.74% at 8,526.60 points. On Thursday, Bombay Stock Exchange Sensex closed 134 points.On Wednesday, Sensex gained 313 points.On Tuesday, the BSE Sensex shed 230 points.On Monday, the BSE Sensex closed flat — just 43.19 points or 0.15 percent down.
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Major Business News Stories This Week

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Major Business News Stories This Week
The World Trade Organization (WTO) has slashed tariff duty on 200 IT products, over this the body has signed a trade deal of $1.3 trillion.

Reliance Industries’net profit up 4.4 % in the first quarter of 2015-16 at Rs.6,222 crore.

Not a good news from bullion market, as gold price tumbled heavily this week. The gold price in Chennai down to Rs 2,344 per gram on Friday.

TVS Motor Company Ltd reported on Friday that the net profit for the first quarter grown by 24.8% .

Automobile majro Maruti Suzuki launches Premium Showroom range Nexa on Thursday.

Top 10 Indian companies listed in Forbes Asia Fabulous 50 list. While China topped the list with 25 companies in this.

National Stock Exchange of India Ltd, (NSE), leading stock exchange, issued notice to 260 companies for not appointing a woman director, on Wednesday.

Rajya Sabha Select Committee presents Report on Goods and Services Tax (GST) Bill on Wednesday.

The Union Cabinet approved interest subvention on crop loans for farmers on Tuesday.

BRICS - Brazil, Russia, India, China and South Africa- countries launched New Development Bank in Shanghai on Tuesda.
International Monetary Fund (IMF) appointed Maurice Obstfeld as the IMF’s economic counsellor and director of the research department, on Monday.
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Major National News Stories This Week

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Major National News Stories This Week

Court awards frist Sentence in Vyapam Scam

A court in Madhya Pradesh awarded five years jail term to two accused invovled in Vyapam Scam. They were convicted in Pre-Medical test racket in 2014. This is the ever first punishment in the scam.

President Pranab Mukherjee comples Three Years at Office

President of India, Pranab Mukherjee completed three years in office. To mark the occasion, president inaugurated a new AYUSH Wellness Clinic and restored clock tower in Rashtrapati Bawan.

Sushma Swaraj says never recommended Travel Docs for Lalit Modi

External Affairs Minister Sushma Swaraj tweeted that she never recommended travel documents for Ex-IPL Chief Lalit Modi. Congress accused her of misuising her position and demanded resignation.

Special Packaagefor Bihar, BJP kicks off campaing for Assembly Polls

Prime Minister visited Bihar and kicked off BJP’s poll campaign. And, he also dedicated various projects during his visit to Bihar.

16th Kargil Anniversay observed

Indian Army Chief, General Dalbir Singh said that Indian army would not allow to repeat of the 1999 Kargil conflict with Pakistan. Paid tribute to the brave soilders those sacrificed their life in the war for the nation.

PM Modi launches Deendayal Upadhyaya Gram Jyoti Yojana

The Prime Minister, Shri Narendra Modi, today launched various development projects at Patna. He launched the Deendayal Upadhyay Gram Jyoti Yojana; inaugurated the Daniawan-Bihar Sharif new railway line; flagged off the Rajgir-Bihar Sharif-Daniawan-Fatuha passenger train and Patna-Mumbai AC Suvidha Express; dedicated to the nation the permanent IIT Campus at Patna.

Union Agriculture Minister says Love Affairs, Impotency behind Farmer Suicides

Union Agriculture Miniser Radha Mohan Singh said that dowry, love affairs and impotency were among the reasons for the deaths of over 1,400 farmers in India this year. BJP said that the farmers suicide reduced last one year under the NDA govoernemnt.

Install CCTVs at all Prisons: Supreme Court

In a significant move, the Supreme Court directed central governemnt and state governments to install CCTVs in all jails across India.
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Jul 24, 2015

Videocon Telecom registers 43% Growth in Q1

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Videocon Telecom registers 43% Growth in Q1

Videocon Telecom, the versatile, friendly and dynamic telecom brand of the Indian conglomerate Videocon group, posted an impressive 43% growth in its Net Revenue for GSM business in Q1 FY 2015-16 over same quarter last financial year. The telco is targeting a consolidated Topline Revenue of 3000Cr in year 2015-2016.

Going aggressive on Customer acquisition, Videocon Telecom achieved 32% growth in its subscriber base over same quarter last year. While, the June 15 Industry Net subscriber addition numbers are still awaited, within April & May 2015, against the industry net subscriber addition (-) 90 K in the 4 operational circle of the telco , Videocon Telecom added 311K Net subscribers addition . The telco plans to acquire 10 Mn new subscribers this financial year .

Despite the impact of increase in Service tax incidence and reduction in Roaming rates, Videocon Telecom reported a 21% improvement in its NRPM (Net rate per min) in Q1 this year over
previous year. The Telco also reported a 15% growth in its minutes of usage during the same period.

Owing to telco’s strategy to upgrade its Network to 2.75 G EDGE, the telco has been substantially
growing its data revenues. Videocon Telecom has doubled its data revenues in Q1 this year over same quarter last year, surpassing the industry growth. Data now contributes to approx 12% of the telco’s Gross Revenue and the company aims at taking up the data contribution to GR at 15% by end of current Financial Year.

After delivering one of the fastest EBITDA positive in Telecom history in its Punjab circle, the telco is targeting EBITDA positive in its MP and Haryana circles by the end of this financial year. Mr. Arvind Bali, Director and CEO, Videocon Telecom said “Its said, ‘well begun is half done’, and I am pleased with the results of Q1 this year. We have achieved 99% of our targeted Gross Revenue in Quarter 1, and this is despite the increase in Service Tax incidence and Roaming rate implication. Our GSM Net Revenue is up by 43% over same quarter last year, and all KPIs, be it gross level or unit level, look promising.

Being a new entrant, our strategy was to attain incremental Customer and Revenue market leadership in our operational circles, and we have been able to achieve the same , while the June ’15 Industry Net Subscriber addition numbers are still awaited, in April and May’15 , the Industry Net adds in our 4 operational circles was (-) 90K , while we added 311 K net subscribers .We aim to maintain and accelerate this growth rate further.

We are targeting over 10 Mn new subscriber acquisitions, Top line Revenue target 3000 Cr and EBITDA positive in MP and Haryana telecom circles in Financial Year 2015-2016 .” Mr. Bali added.
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DLF Foundation organises Healthy Heart Camp

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DLF Foundation organises Healthy Heart Camp
Heart diseases are increasing at an alarming rate in the urban centres. It is being said to be the biggest killer in India replacing the communicable diseases. According to a survey, nearly 360 million Indians will be afflicted by heart diseases by 2020. Taking this menace into consideration DLF Foundation organised a two day camp on 22nd and 23rd of July at the Wellness Centres in DLF City phase-I and II. The camp facilitated detection of various heart ailments like high blood pressure, coronary artery disease, valvular heart disease and congenital heart disease. 

The camp provided free diagnosis and consultation by Doctors of repute. In order to facilitate diagnosis certain tests were conducted for free, these included Blood Sugar Test, ECG, Blood Pressure Monitoring and Height, weight & BMI Monitoring. The camp functioned from morning 10:00 am to 03:00 pm afternoon. It was aimed to provide the underprivileged a free check-up so that the aim of a disease free healthy society is achieved.

“This camp is helpful for us, we are unable to get our medical tests and treatment done in private hospitals. These wellness centres are very beneficial for us; we get free consultation and check-ups done here which here which saves our time and money” said Meena Kumari, a resident of Nathupur Village.

“These centres are part of the Urban Underprivileged Development Program that has been introduced last year where we are trying to work on issues related to heath, education, sanitation, drinking water, cleanliness. Healthy Heart camp was well received by the people, we plan to organise such camps regularly to serve the weaker section of the society. ” said Ritesh Sinha, Director, DLF Foundation.

“Increased use of tobacco and rise in the cases of diabetes has made Indians prone to coronary diseases. People need to be educated about the need for regular heart check-up to take preventive measures.” said Dr. Sunita Nandanwar, DLF Wellness Centre.

The 2 Wellness centres of DLF City were inaugurated recently to provide free consultation and medical facilities to the underprivileged.The centres are first of its kind in the entire DLF City; they are being run on rooftop solar panels. Both the centres are specifically designed to be progressive, environment friendly and sustainable for years to come. The wellness centres are aimed to serve huge number of maids, domestic helpers and construction laborers working in the DLF City and people living in the nearby villages like Chakarpur, Nathupur etc. The centre has experienced gynaecologists and physicians and special maternal care programme to cater to the women of the society.
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US India Business Council

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US India Business Council
U.S.-India Business Council Concludes Successful Medical Device Trade Mission to India

NEW DELHI – July 24, 2015 – The U.S.-India Business Council (USIBC) concluded its Medical Device Trade Mission to New Delhi and Gandhinagar. The delegation expressed its commitment to addressing India’s most pressing public health challenges, and called for further dialogue with the government on issues related to ease of doing business, disease management, and the implementation of training programs for medical device regulators. The delegation encouraged the government to pass legislation that would provide specific regulations for medical devices, which are currently treated as pharmaceuticals under India’s Drug & Cosmetics Act. The industry is also working to engage with the government and stakeholders to partner on solutions for increased access to medical technology for Indian patients.

The delegation was chaired by Maulik Nanavaty, Senior Vice President and President for Neuromodulation at Boston Scientific, and included participation from Abbott, Medtronic, Zimmer, Johnson & Johnson, Quintiles, General Electric, Varian Medical, and AZB & Partners.

“Through this series of fruitful discussions, we have identified opportunities to continue collaborating with the Government of India in support of its priorities to attract investment and talent to the medical device sector. India has made considerable strides in developing innovative industries across a number of sectors and maintains strong potential to do the same in medical devices. With India’s first-rate engineering talent, experience in IT innovation, and the Modi government’s Make in India focus, it is even more important for the government and industry to work toward creating the proper ecosystem for medical device innovation. This will expedite the ongoing creation of research and development and product innovation that medical device companies offer India, leading to faster growth of medical device manufacturing in the country. The time is opportune to fulfill the government’s mandate of Make in India and Innovate in India,” said Maulik Nanavaty of Boston Scientific.

Over the course of the mission, the delegation met with a wide range of public and private sector representatives to convey the global medical device industry’s long-term commitment to working with the Indian Government and key stakeholders. Meetings with the Government of India included the Ministry of Health, Department of Industrial Policy and Promotion, Drugs Controller General of India, Ministry of Commerce, Ministry of Finance, Department of Pharmaceuticals, and the Ministry of Chemicals and Fertilizers.

“USIBC member companies were encouraged by the openness of the Government of India to engage with industry on best practices and areas of potential collaboration. Discussions included the importance of developing a critical mass of patients with access to healthcare and improving patient awareness of healthcare costs. USIBC members noted in their meetings that they publish Maximum Retail Prices (MRP) on all medical devices sold in India. The medical device industry, which forms a critical segment of the healthcare industry, is going through rapid transformation in India and is projected to grow at a higher rate as health insurance becomes more widely available and the country’s consumers continue to demand better healthcare services. USIBC’s medical device members are excited about the opportunities in India,” said Amy Hariani, Director and Legal Policy Council at the U.S.-India Business Council.

The Indian medical device industry is currently valued at US $ 4.4 billion, which is the fourth largest in Asia. The sector has the potential to grow to $7 billion by 2016 with a growth rate of 10 – 15% annually.
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CEO of ATDC Gurgaon Wins Global Award

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CEO of ATDC Gurgaon Wins Global Award
World Education Congress (WEC) a major congregation and platform of Vice Chancellors and Leading Educationists from all over the World has conferred the “Outstanding Contribution to Education Award” for the year 2015 to Dr.Darlie Koshy, DG&CEO, ATDC & IAM at the World Education Congress & Awards at Taj Lands’ End, Mumbai.This is an international recognition given to Dr. Darlie Koshy for his exemplary role in Leadership, Innovation, Academic and Industry Interface in the education.

The award was conferred by Mr. Debashish Biswas CEO, (CIMA). in the presence of Dr. C. M. Dwivedi, Dr. R. L Bhatia, Dr. Aditya Shastri Vice-Chancellor Banasthali University, Brig (Dr.) Surjit Pabla Vice-Chancellor Mangalayatan University, Prof. R. M. Zinyemba, Vice-Chancellor Catholic University in Zimbabwe, Prof. Anglelica M. Baylon External Relations Director, Martime Academy of Asia and the Pacific –Philippines and other dignitaries.

This award was given to Dr. Darlie Koshy DG & CEO ATDC and IAM for his outstanding contribution for Knowledge,skill development and leadership for the upliftment of the society. Dr. Darlie Koshy’s pioneering contributions to Fashion & Design Education over the last quarter of a century has been well acknowledged by the academia, industry and policy makers alike. A Doctorate from IIT Delhi in Management and an MBA from CUSAT, Dr. Koshy has been also trained at FIT New York in Fashion Marketing & Merchandising during 1987-88.Dr. Darlie Koshy as the DG & CEO over the last 5 years (since Nov. 2008) are spearheading the advancement of an education and training Eco-system for Fashion – Apparel & allied sectors having won “UK-India Skill Forum Award 2011”, and “ASSOCHAM Award” for Best Vocational Institute 2014 for ATDC & National “Education Leadership Award” from Dainik Bhaskar (2013) for Institute of Apparel Management (IAM).

“I am pleased to know about this significant recognition of “Outstanding Contribution to Education 2015” conferred on me by WEC and accept the award with all humility and dedicate the same to not only the teams of different Education Institutions, I’ve had the opportunity to work with over the last 2 decades which include NIFT Delhi, NID Ahmedabad and the teams of ATDC & IAM Gurgaon but also to the stake holders who have extended support and cooperation over the years” said Dr. Darlie Koshy, DG & CEO, ATDC & IAM.

The WORLD EDUCATION CONGRESS 2015 is governed by Global Advisory Council which guides the strategic intent of the congress to its logical success. The aim of the Awards is to recognize the Best of Best, organized for a professional cause. The objective at core is benchmarking educational practices. World Education Congress presents awards to institutions and individuals who have achieved high levels of excellence and who provide exemplary leadership and are a role model.
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Third Mr. Icon India 2015 Auditions start

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Third Mr. Icon India 2015 Auditions start
Mumbai: After the tremendous success of Mr. Icon India 2013 and Mr. Icon India 2014, WhtNexthas announced the auditions for third Mr. Icon India- 2015 to be commenced from 22 August 2015 till 13 September 2015. The auditions will be organized in 28 cities including New Delhi, Chandigarh, Amritsar, Shimla, Agra, Lucknow, Dehradun, Jammu, Jaipur, Ahmedabad, Surat, Mumbai, Pune, Nagpur, Bangalore, Hyderabad, Chennai, Patna, Kolkata, Ranchi, Guwahati, Indore, Bhopal, Goa, Vadodara, Gwalior, Raipur and Jabalpur. Grand Finale will be organized on 17 October in the presence of popular personalities from Mumbai.

Third Mr. Icon India 2015 invites youngsters between 17 years and 28 years of age. The show will be telecasted on a large scale at local, regional and national channels as well as online mediums.The event will shape the confidence and personality of participants through grooming sessions so as to make them aware of their talent. Special attention will be given to their intelligence and presence of mind. All the participants taking part in audition will be awarded a certificate along with a high quality professional portfolio.

Mr. AtulMalikram, Director, Whtnext Event Private Limited said, “This event is a great opportunity for youngsters. The selected models will get a chance to work with well-known brands. Mr. Icon is a golden opportunity for youngsters to show the talent beyond the limits of words.

“Mr. Icon India is a modelling platform, where well-known personalities from this industry assemble. To get more information about Mr. Icon India mail at mriconindia@gmail.comor call at 8818887256or visit event is being promoted through 360 Degree Marketing Campaign including TV, Radio, Newspaper, Magazines, Hoardings and digital mediums like blogs, social media and online mediums.  Mr Icon India has organized two successful events. It’s the third event of WhtNext.
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Jul 20, 2015

Enforcing Net Neutrality: A continuous monitoring challenge

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Net Neutrality
New Delhi, 20thJuly, 2015- The Indian Legal Foundation (TILF) in association with Grandmasters India conducted a Brainstorming and Forum Discussion in India Habitat Center, Lodhi Road, New Delhi. This day-long session focused on the various aspects of Net Neutrality.

As the Department of Telecom (DoT) panel lead by Shri A.K. Bhargava released its report on Net Neutrality, there still remained concerns among the Free Internet proponents about the enforcement of Principles of Net Neutrality.  The DoT panel suggestions on enforcing Net Neutrality included enacting a law, amending Licensing Conditions, creating a DoT monitoring cell and also creating training institutions to monitor Net Neutrality violations. However, all of these seem to be soft approaches for bigger violations that impact Principles of Net Neutrality.  There seems to be no recommendations on quantum of penalty or punishments in case of deliberate violations on Net Neutrality.  

These were some of the concerns aired during well attended Think Tank Meeting with participants from Corporates, Government, Politics, NGOs and Startups.  “While we appreciate the overall intent of DoT report, but where does it talk about penalties, like we saw in the recent AT & T case in United States” asked Renu Jha, Chairperson, Government Affairs, The Indian Legal Foundation (“TILF”) - a New Delhi based Think Tank organization. Renu further mentioned, “We need to create a regulatory body with powers to impose fine and punishments. It is a necessary step towards creating and regulating Net Neutrality in India”

While welcoming DoT recommendations, Mr. Rajendra Sharma, General Counsel, Samsung said “That there still needs to be a lot of work in creating an appropriate legislation around the governance of Internet in India. We need to incorporate best practices from EU and United States to ensure freedom of Internet in India”.

The Think Tank Event was presided over by Shri Tarun Vijay, Member of Parliament, Rajya Sabha who is among the most vocal proponents of Free Internet in India and has equated net neutrality to Human Rights of Digital Age. “Net Neutrality is core and essential to the government program on Skill Development, Digital India and Make In India. Government and Indian parliament is committed to Net Neutrality. Any apprehension on recent DOT recommendation will be debated and government will fight for democracy of Internet” said Shri Tarun Vijay.

The event was also marked by number of startups concerned about their growth in case Telcos are allowed to disseminate discriminatory tariffs or bandwidth to users. “Will it not be a classic case of crony capitalism if startup applications are discriminated as they are unable to cuff up extra bug for Telcos” asked Yogesh Kochar, a social media start up for school students in India.  Renu agreeing with young startup entrepreneurs stated, “India is hub of startups for quality software and mobile applications. Any pricing or accessibility discrimination against newer applications by Telcos will certainly kill their growth and stifle innovation”.
The Government’s hypothesis needs to be supported – “Good” regulations are better than “No” regulations at all. We do not want Indian Government or DoT to be silent on this important subject. If they remain silent and do not positively support Net Neutrality, ISPs on a later date can disrupt access to websites that do not pay them or compete with their interests. Indeed, the survival of Internet depends on DoT and Government of India and it’s implementation and enforcement of principles of Net Neutrality.

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Rakhi Sawant is all set to enter SAB TV’s Chidiya Ghar!

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Rakhi Sawant
Rakhi Sawant is all set to make an entry as ‘Rakhi’ in SAB TV’s Chidiya Ghar. The actress will be seen playing a dance teacher and will be starting to shoot soon. She enters the show sometime later next week and it is believed that her character will create a lot of confusion and suspicion in Chidiya Ghar.

A source on the set said, “Rakhi will be playing the role of a dance teacher in Gomukh’s school. Her character will be modelled on the lines of Sushmita Sen from Main Hoon Na. Rakhi’s character will be a glamorous one and Mayuri will think that there is something brewing between Gomukh and her which will lead to a lot of confusion and light moments.”

How will Mayuri deal with this new hurdle in her married life?
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