Tuesday, April 23, 2019

SURYODAY SMALL FINANCE BANK OPENS ITS FIRST BRANCH IN BENGALURU.

Suryoday Smal Finance Bank opens its first branch
Mr.G.K.Mahantesh,President,Cricket Association for the
Blind in India inaugurating the branch.At left is Mr.R.Baskar Babu,
MD & CEO & at Right is Mr.Bharath Sondur,Executive VP of the Bank.
in Jayanagar 3rd Block,Bengaluru.

The bank recently raised capital of Rs.248 crores which will 
give the bank strong capital base to pursue their growth plans.
The base of the bank is Rs. 1616 crores ,& Networth of Rs.890 crores.
The bank has 382 touch points spread over 10 states.

The bank is a scheduled commercial Bank & started its operations in
January 2017. The bank gives competitive rates of interest to its depositors.
The banks gives 7.25% interest for savings accounts,upto 9% interest
on Fixed deposits and upto 9.5% to senior citizens.

To a query by the Editor, Mr.Baskar Babu,M.D & CEO of the bank
regarding IPO & listing in stock exchange,he said the bank may
consider before December,2020.

Sunday, April 21, 2019

BEL CMD WINS DISTINGUISHED ENGINEER AWARD.

Mr.Gowtama M.V,Chairman & Managing Director,
Bharat Electronics Limited (BEL),received the Distinguished
Engineer Award Instituted by the Engineering Council of India.
He received the award from Mr. Anil Baijal,Lt.Governor of
Delhi,at a ceremony held in New Delhi.

Tuesday, April 16, 2019

R.A.SANKARA NARAYANAN NEW MANAGING DIRECTOR & CEO OF CANARA BANK.

Mr.R.A.Sankara Narayanan has taken over the 
charge as Managing Director & CEO
of Canara Bank on 15.04.2019. He was the MD & 
CEO of Vijaya Bank earlier before joining Canara Bank.

Sunday, April 7, 2019

UNISYS ANNOUNCES WINNERS OF THE 10th ANNUAL CLOUD 20/20 CONTEST.

This years contest featured more than 270 colleges and over 300 projects,
as students were challenged to think out of the box & develop innovative 
ideas.The project titled Vesa- Blockchain Based Supply Chain Management
by the students of Nitte Meenakshi Institute of Technology,Bangalore was
the Winner.The Students of Sri Manakula Vinayagar Engineering College,
Puducherry was placed in the second place for their project titled su PILVI.
The students of Mangalore Institute of Technology and Engineering,Mangalore
was placed in the third place for their project Smart Telematics System.

Winning teams were awarded cash prizes upto Rs.4.25 lakhs & a Trophy.
Unisys offered 20 internships and 8 job placements to the finalists and
winners of  this year's competition.

Tuesday, April 2, 2019

STERLITE POWER COMPLETES INDIA'S FIRST LIVE LINE RECONDUCTORING PROJECT.

Sterlite Power, a transmission company successfully completed India's first
live-line project in Bengaluru.The Company successfully undertook the  
reconductoring of a 66KV transmission line connecting to Bengaluru's 
Electronic City under live-line conditions.This project is first of its kind
in the country by doubling line's capacity with zero shut down thus causing
no disruption to power supply to the area & community.

Commenting on the completion of the project,Mr.Manish Agarwal,CEO,
Solutions Business,Sterlite Power,said," Sterlite Power is driven by its
core purpose of empowering humanity by addressing the toughest 
challenges of energy delivery."

BANK OF BARODA 2nd LARGEST PUBLIC SECTOR BANK POST MERGER.

The merger of Bangalore based Vijaya Bank & Dena Bank with
Bank of Baroda comes into effect from 1st April,2019.


This is the first three way consolidation of banks in India.With this
the combined entity Bank of Baroda will have 9500 branches,13,400 ATM's
85,000 employees serving 120 million+ customers with a business mix of 
Rs.15 lakh + crores.The bank plans to build upon the strengths of the three
banks,their synergies & scale up the operations with a wider customer base.
The top management of Bank Baroda mentioned that the employee interests
will be protected  & the best of HR practices adopted by each of the three
banks will be examined for adoption.

Commenting about the amalgamation,Mr.P.S.Jayakumar,M.D & CEO of
Bank of Baroda said," we would use this unique opportunity to leverage 
upon the rich legacy of three banks to build a modern and world class
banking institution for our customers,employees,partners & other
stake holders'.

CADABAM GROUP SIGNS WITH UK's NORTHUMBERLAND,TYNE AND WEAR NHS.

Cadabam,a private provider of mental health  services based in Bengaluru
ties up with UK's Northumberland,Tyne and Wear NHS Foundation Trust
to enhance the quality of mental health care services in India.The foundation
will be  working as knowledge partner with Cadabam group.

John Lawlor,Chief executive of NTW & Sandesh R Cadabam,Director of
Cadabam group signed the MOU.Talking about this partnership,
Mr.Dominic Mc Allister, British Deputy High Commissioner,Bangalore
said," The department for International Trade (DIT) & British Deputy
High Commission,Bangalore are proud to support this collaboration,which
brings together specialist knowledge & services from the NHS with Cadabam's
experience in health care delivery to provide enhanced local services in
mental health".



Sunday, March 17, 2019

EMBASSY OFFICE PARKS REIT.

Embassy office Parks REIT (Embassy REIT) is issuing Units
aggregating up to Rs.4750 crores.

Bids open on March,18,2019 & Closes on March,20,2019.
The price band for the  offer is from Rs.299/- to Rs. 300 per Unit.
Bids can be made for a minimum of 800 units & in multiples of
400 units thereafter by bidders other than Anchor investors  and
Strategic Investors.

Embassy Office park REIT (Real Estate Investment Trust),the first
ever by a Real estate Investment Trust in India.The Units of the
Embassy REIT are proposed to be listed on the National Stock 
Exchange of India (NSE) and BSE Limited (BSE)


The net proceeds of the issue will be used for 1. Partial or Full 
repayment of  or pre payment of bank/financial institution debt
of certain Asset Special Purpose Vehicles (SPV's) and by the 
Investment Entity,2.payment of consideration for acquisition
of the Embassy One Assets currently held by Embassy One 
Developers Private Limited  & 3.General Purposes.

The issue will include participation by strategic Investors in
accordance with the SEBI guidelines.The issue is being made
by Book Building process & in compliance with the REIT
Regulations  & the SEBI guidelines.


Friday, March 15, 2019

VUMMIDI BANGARU JEWELLERS PARTNERS WITH FOREVERMARK.

Vummidi Bangaru Jewellers,with a legacy of 119 years,partners
Mr.Amarendran Vummidi.
with Forevermark,the diamond brand from the De Beers group
Ms.Srinidhi Shetty,Kannada Film Star
Who graced the occasion
at their  jayanagar store.

Mr.Amarendran Vummidi,Managing Partner,Vummidi Bangaru
Jewellers addressed the media and said," It gives us immense pleasure
to have associated with Forevermark-the diamond expert that offers the
best quality of diamonds to its partners,with its stringent selection process.
Using Forevermark diamonds in our designs not only enhances the
jewellery but also reinstates the trust that customers have on us".

Speaking on the occasion,Mr.Sachin Jain,President Forevermark,
said," Forevermark is proud to be associated with Vummidi Jewellers,
one of the finest jewellers in Bangalore."

The solidarity of these Two brands has brought about an ideal association
to offer elegant diamond jewellery pieces that come with an unique inscription
number assuring the customers that they are the most beautiful,rare
and responsibly sourced diamonds.





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Friday, March 8, 2019

TURBOSTEEL LPS TMT BARS LAUNCHED.

TURBOSTEEL LPS TMT Bars launched using LPS Technology.


LPS (Low Phosporus & Sulphur ) ,is a High end technology for
manufacturing steel which gives strength for the building.
While Launching the Product,Mr.Praveen Chandra Ramamurthy,
Mg.Director,prakash Sponge Iron & Power Pvt.ltd, said,"TURBOSTEEL
LPS TMT Bars' physical properties are stable,mechanically superior
and visually distinct from other products".The Company has over 100 
dealers across karnataka & plans to launch this product in other states
also.

Mr.Ramesh Aravind Cine star & Director is the Brand Ambassador for
this product.He was also present on the occasion.

Thursday, March 7, 2019

DIGITE UNVEILS RISHI XAI,-EXPLAINABLE ARTIFICIAL INTELLIGENCE.

Digite,Inc.a leading provider of Enterprise project Intelligence 
Mr.A.V.Sridhar, Co Founder & CEO
addressing media.
Solutions,based in Silicon Valley launches RISHI,XAI (Explainable
Artificial Intelligence) .It enables users to track & predict project
performance and take informed corrective actions using what-if-analysis.

Explainable Artificial Intelligence  (XAI) -the ability to describe how a 
machine learning algorithm arrives at a prediction/forecast/recommendation
in an understandable manner.Most project management products in the 
market show the rear view mirror perspective of projects through performance
indicators using standard descriptive analytics.RISHI, on the otherhand
goes much faster by qualifying & quantifying the factors causing performance
deviations and predicting their progress into the future.

Thursday, February 21, 2019

EMURGO LAUNCHES ACADEMY IN INDIA.

EMURGO,the official commercial & venture arm of the 
Cardano project,a third generation blockchain,has announced
its entry into the Indian market with the establishment of
EMURGO Academy today.They will further expand their base
to five other cities viz.Hyderabad,Chennai,Mumbai,Delhi & Pune
over the next 24 months.

Blockchain technology along with Big data,Artificial Intelligence
and Internet of Things (IOT) are expected to play vital roles in the
coming years across vast industries.The Indian government has
identified the potentiality applicability of blockchain technology
to several areas like land registry,education,banking,health care
and also supply chain management.