OVER 55% MALLS IN DELHI- NCR ARE VACANT- ASSOCHAM SURVEY.

 As per the survey made by Associated Chamber of Commerce and industry of India (ASSOCHAM),over 555 Malls in Delhi-NCR are vacant partly due to economic 
slowdown,poor designing,lack of robust revenue generation model and location.

As per ASSOCHAM estimates, the total rate of vacancy malls in other cities are 
as follows:Mumbai-52%,Ahmdeabad-51%,Chennai-50%,Hyderabad-48% and 
Bangalore-45%. Even the rentals have shown sharp decline in rental values .
The sharpest decline is in Delhi-NCR by 60%,followed by Mumbai-58%,
Ahmedabad-55%,Chennai-54%,Hyderabad-52%,Bangalore-49%,Kolkata-45%
and Pune-42%,according to ASSOCHAM survey.

RATAN TATA BIDS ADIEU.

TATA Group stands for certain values which is built over a period of years.Mr.Ratan Tata made the group as Indian Multinational. He has taken the group to very great heights and made it as $100 billion group.Mr.Ratan Tata is the pride of the nation.He has selected a worthy successor Mr.Cyrus Mistry who will truly follow the legacy left behind by Mr.JRD and Mr.Ratan Tata.

VIJAYA BANK ORGANISES MSME MEGA MELA IN MUMBAI.

In the MSME Mela,the bank  sanctioned in principle, loans to an extent of Rs.185.63 crores.

BIG BAZAAR'S "INDIA'S MOST STYLISH HOMES" FESTIVAL & WIN FREE HOME MAKEOVERS.-LOOK STYLISH,LIVE STYLISH.

Big Bazaar  Celebrates India's Most Stylish Homes from 22nd December to 1st January,2013.

India's Most Stylish Homes festival will have the most amazing deals on home fashion,home needs,luggage and footwear categories.The festival will run across India in 31 cities .The Big Bazaar will offer the customers the best offers on a wide range of products to style their homes at the most affordable price.

Speaking about the Home Festival,Mr.Venkateshwar Kumar,Vice President,South,Big Bazaar,said,"when it comes to home,we have a wide range of products for the living
room,kitchen,bed room and bath room".

Two well known TV actors in the Hindi Serial  'Bade Ache Lagte Hain' Ram Kapoor and Sakshi Tanwar will choose the National winner.

COAL TO EQUAL OIL AS WORLD'S TOP ENERGY SOURCE WITHIN 10 YEARS.

The International Energy Agency (IEA) says that COAL will catch up with oil as the 

world's  leading Energy source by 2022.

In a report,the Agency says that increased demand from India and China are fuelling

the push.The report forecasts that by 2014 China will account for more than half

the world's coal consumption,while India will overtake the US in second place.

Source:BBC News.

ILLICIT FINANCIAL OUTFLOW FROM INDIA-GFI REPORT.

The Indian economy suffered US$ 1.6 billion in illicit financial outflows in 2010.India world's largest democracy experienced loss of US$123 billion in a decade from 2001-2010,according to the latest report released by Global Financial Integrity(GFI),a Washington based research organisation.

India ranks 8th largest victim of illicit Capital flight.
"while progress has been made in recent years,India continues to lose large amount of wealth in illicit financial outflows"said,Raymond Baker-Director,GFI.
"$123 billion is a massive amount of money for the Indian economy to lose" said,Dr.Dev Kar,GFI Lead Economist and the Co-author of the report.

NEW CHEQUE BOOKS.

Considered to be the major milestone in the Indian banking industry,Cheque Truncation System
(CTS) aims to make cheque clearance more efficient and reduce the clearance time of cheques to one day. Originally,it was envisaged to be implemented in all the banks from january,1,2013.Now,we understand the date is extended for three months.

MOODY'S VIEW ON INDIAN BANKING.

The outlook on the Indian banking System for next 12 to 18 months  remains 
negative  due to challenging operating environment which is likely to pressure 
bank's profits.
" This environment is characterised by slow economic growth,high inflation,high
    interest rates and a weak local currency" says Vineet Gupta,Vice President and 
   Senior Analyst Moody's." We expect these factors to lead to further deterioration
   of asset quality,an increase in provisioning costs and a fall in profitability" he added.
Source:Yahoo Finance.

Mr.Rakesh Bharti Mittal,Chairman addressing the Media.

BHARTI INFRATEL LIMITED-IPO-To raise Rs.4500 crores.

Bharti Infratel Ltd.(BIL), is a part of Bharti group. The company is one of the largest Tower infrastructure providers in the country.The company with Indus(BIL has 42% in Indus) has  large number of Towers in the country.
BIL and Indus have long term Master Service Agreements(MSA's) with tenant Telcos which will  generate regular cash flows to the company by way of Tower  rentals.

CRISIL Ltd.has assigned "IPO Grade 4/5 which indicates above average fundamentals.The Price band is between Rs.210-240.The issue opens to public  on December,11th and closes on December,14th.
Note:The investors should go through the company's prospectus before making an investment decision  in the issue.

"As the International Community strives to achieve the Millenium Development Goals (MDG's) by 2015 and forge an agenda for economic and social progress in the years beyond,addressing the problems of corruption becomes all the more urgent".-Ban Ki-Moon,Message for International Anti Corruption Day. The Theme for 2012 is  "Act Against Corruption Today".

On 31st, October,2003,the UN General Assembly adopted the United Nations Convention Against Corruption and requested the Secretary General  to designate the United Nations office on Drugs and Crime(UNODC) as the Secretariat for the conventions's conference of state's parties (Resolution 58/4).The Assembly also designated 9th December,as International Anti Corruption Day,to raise awareness of corruption and of the role of the convention in combating and preventing it.The convention entered into force in December,2005.

Mr.K.R.SHENOY INAUGURATING THE EVENT.

VIJAYA BANK MSME MELA AT HUBLI.

Vijaya Bank, Bangalore based Public Sector bank organised MSME mela at Hubli.The mela was inaugurated by the bank's Executive Director Mr.K.R.Shenoy at bank's Regional Office at Hubli.

LIONS CLUB INTERNATIONAL HOLDS MEGA EVENT IN BANGALORE.

Lions Club International is holding the Lions 40th India,South Asia,Africa,and the Middle East (ISAAME) conference from 6th December,2012,to 9th December,2012  after 25 years in Banglore.The conference will be attended by 2000 members from India,South Asia,Africa,the middle east,Europe and USA.

The International conference will be attended by the President Lion Wayne Madden from USA,Chairman of Lions Club FoundationLion Wing-Kun Tam from Hong Kong,1st International Vice president Lion Barry Palmer from Australia.  International Directors on the Board of Lions Club International will also be attending the event.There are 6000 Lion Clubs in India  with 3 lakh members which is the second largest after USA.

Mr.Krishna Reddy,International Director addressing the media.

The event will be attended by 2000 members from 32 countries.

Mr.T.N.Arun kumar,CGM Care Ratings & Mr.Dinesh Sharma,VP

CARE RATINGS
CREDIT ANALYSIS AND RESEARCH LIMITED.-INITIAL PUBLIC OFFER-ATTRACTIVELY PRICED BUT DOUBTS ABOUT SUSTAINABILITY PERSISTS.

Price band fixed between Rs.700 and Rs.750 per equity share.Opening on 7.12.2012,closing on 11.12.2012.

Credit  Analysis and Research limited  is coming out with a public offer of 7,199,700 equity shares of face value of Rs. 10\ each.The offer will contitute 25.22% of the post offer paid up equity share capital of the company.

CARE RATINGS  is the second biggest credit rating agency in the country.After the offer,the holdings of IDBI bank will be 17.19% and Canara bank will be 15.21%..

For the year ended march,86.4% of its earnings came out of ratings.SEBI exempts the company from IPO grading.

CARE enjoys strong financials,with good brand positioning with professional management.
CRSIL Ltd.is quoting at Rs.1029.35 and ICRA Ltd. is quoting at Rs.1400/-(as on 5.12.2012)

Note:Please read the prospectus before taking an investment decision.

DEPRESSION -  A NEW KILLER.

Depression is a state of low mood and aversion to 
activity that can have a negative effect on one's thoughts, behaviour ,feelings and
their physical well being. They may lose interest in 
activities which were once pleasurable.The people who are in  bad state of depression may even attempt to commit suicide.

How to avoid Depression: Have good circle of friends who are cheerful, and energetic. Engage yourself in some activities along with your professional activity. Avoid alcohol and smoking
which also causes depression.Have regular walking regime in the morning along 
with your friends,practice yoga, pranayama and meditation. View comedy clips in free time  and laugh loudly.
Some study says that using mobiles continuously and sitting in front of 
computers,laptops also cause depression.

Aboveall be cheerful always and be childlike,the world will be a better place to live.

GENERAL MOTORS INDIA LAUNCHES
CHEVROLET SAIL U-VA PREMIUM HATCHBACK.

The Sail U-VA hatchback is built on a new global passenger car platform created especially for fast growing emerging markets.
Addressing the media,Mr.P.Balendran,Vice president,GM India said," It brings  a new sense of vitality to the largest,fastest-growing and most competitive segment in the domestic passenger car market".

The Sail U-VA comes with a three year /10,000 Kms standard warranty. In addition, cutomers can opt for a unique add on service maintenance package,the 
Chevrolet promise,which provides free maintenance for three years or 45,000Kms(whichever comes first) .

EZZY GROUP FORAYS INTO BANGALORE REAL ESTATE MARKET-INVESTS Rs.150 crores,

The group's first ever landmark projects in Bangalore  have been designed by the renowned architect Tony Ashai. This is the first time that the architect who designed homes for Hollywood celebrities,has joined hands for any real estate project in India.

Thecompany Ezzy Infratech Private limited has invested about Rs.150 crores in their two projects- Corinth and The Avenue-comprising luxury residential villas and apartments. Corinth is located on Hennur road,Bangalore which will have Italian design and Tuscany style architecture.Corinth comprises of 25 boutique row villas with international standards.

The Avenue, individually designed luxury  apartments designed in accordance 
with the cosmopolitan lifestyle of the modern family.Both the properties have  
been priced between Rs.6000 and Rs.7000 per square foot. The Ezzy group and 
Ashai Design Corporation (ADC),California,USA,will set up several such luxury   residential projects in the country going forward.

Mr.Shabbir Saifuddin Ezzy,Chairman,Ezzy Group said,"Our objective is to offer 
something unique to Indian Realty market".

Commenting on his association with Ezzy group,Tony Ashai,CEO,Ashai Design Corporation,USA,said,"Though I hail from India,till date it has not been possible
for me to showcase my talent here.I look forward to a long and fruitful association".

MANIPAL HOSPITAL COMMEMORATES WORLD
DIABETES DAY ACROSS ALL ITS HOSPITALS IN INDIA.
Common consequences of Diabetes:
# Diabetes increases the risk of heart disease and stroke,almost 50% people with diabetes die of cardiovascular disease.

# Diabetic Retinopathy is an important cause of blindness and as result can accumulate damage to the small blood vessels in the retina.

# Diabetes can lead to kidney failures and also cause sexual and urological problems.
Preventive Measures:
# Increase in physical activities.
# Maintaining healthy diet.
#Avoid tobacco use.
# Regular meditation and regulating cholesterol levels.

                            MYNTRA.COM,AN e-commerce 
                           platform  for fashion and 
                          lifestyle brands in the country launched its exclusive property Star N Style.

The bollywood actress Ms.Chitrangadha Singh
will showcase her hot picks.

SHELL TO EXPAND TECHNOLOGY FOOTPRINT IN ASIA.

Shell to open third Global Hub for Technology and Innovation  in Bengaluru.

Shell laid the  foundation stone for a brand new technology facility in Bengaluru after Houston-Texas and Amsterdam-Netherlands.

Mr.Murugesh Nirani,Minister for Large and Medium  Industries,Govt.of Karnataka,along with Dr.Matthias Bachsel.Director,Projects &Technology,Royal Dutch Shell,Dutch Ambassador to India,and Dr.Yasmine Hilton unveiled the foundation stone of the facility.

Speaking on the occassion, Dr.Matthias Bichsel, said,"This world class Technology hub,encompassing much of shell's innovative scientific and engineering
capability will be the largest centre of its kind in this part of the world."

L&T MORE INNOVATIVE THAN GOOGLE AND APPLE SAYS FORBES.  
Source: Yahoo Finance.

Mr.Pradeep Patil,VP & Mr.P.S.Tandon,Executive Director.

BAJAJ ELECTRICALS,part of Rs.38,000 crores,BAJAJ Group has launched mixer grinder range with Dura Cut Titanium Coated Blades which are superior,stronger with more durability.

FORCE MOTORS LAUNCH NEW TRAVELLER 26.

Pune based automotive major Force Motors with group turnover of Rs.2750 crores, launched the World's only 26 seater Monocoque panel Van.The Traveller 26 is powered by the 129Ps/295 Nm,common Rail engine made under license from Daimler AG,Germany.

The Traveller 26 offers best in class fuel efficiency and it is 15% more fuel efficient than comparable models says the company. Traveller 26 is safest  Drive in class with Disk brake on all wheels.The price of Traveller 26 to start with is Rs.11,07,673-ex showroom.

Force Motor's Traveller won the "Editor's Choice Award for Iconic Product" of the
Apollo Commercial Vehicle Awards 2012.

TATA MOTORS LAUNCHES TATA MANZA-
CLUB CLASS BEST-IN-CLASS CABIN SPACE.

Tata Motors, India's largest automobile company, with consolidated revenues of 
Rs.1,65,654 crores ($32.5 billion) launched
Tata Manza Club Class'. This car is positioned in the mid-sized car segment with best-in-class cabin space,rich Italian leather upholstery  and fully automatic air conditioning.This car is available in six colours.The Tata Manza Club Class is powered by 90 PSQuadrajet Diesel and Safire Petrol engines.The company claims that the Quadrajet diesel is certified to give a mileage of 21.02kmpl and the safire petrol is certified  for a mileage of 13.7kmpl. This car comes with a warranty of 2 years/75,000 kms,amongst the best in the industry.
Price: The Safire petrol range start from Rs.5.69 lakhs (ex-showroom in Bangalore.) and the Quadrajet diesel range starts from Rs.6.48 lakhs (ex-showroom,Bangalore)

GLOBAL FINANCIAL INTEGRITY (GFI) REPORT ON CHINA.
Chinese Economy Lost $3.79 Trillion in illicit financial outflows since 2000 
reveals new GFI Report.GFI's study raises serious questions about the stability
of the Chinese economy merely two weeks before the once- in- a- decade
leadership transition.

"I have studied the proceeds of crime,corruption and tax evasion for
decades,and the magnitude of illicit money flowing out of China is astonishing" 
said GFI Director Raymond Baker.

Mr.Ashwani Kumar,,ED ,addressing the media.

CORPORATION BANK Launches 'SME Grand Festival Loan Bonanza'.

The SME Loan Festival bonanza commenced on 20th october,2012 which offers ten SME schemes which are tailor made to suit the business requirements of SME's.They are:
1.Interest rate concession of 0.50%.
2.Additional interest rate concession of 0.25%
   for women entrepreneurs.
3.50% concession on processing charges.
To achieve this the bank has opened SME loan centres in 14 cities across the country.

 

Mr.M.G.Sanghvi,CMD addressing the Media

SYNDICATE BANK NET PROFIT UP BY 35.71 % TO RS.904 CRORES FOR HALF YEAR 2012-13.
Performance Highlights are as follows:

Global business improved to Rs.2,84,649 crores.Global advances increased to Rs.1,28,795 crores.
Domestic Business has gone upto Rs.2,55,400 crores.Domestic advances  to Rs.1,11,797 crores.
Earnings per share (annualised) is Rs.30.02.Book Value per share Rs.164.95.
Gross NPA ratio is 2.47%. Net NPA is 0.92%.Provision coverage ratio is 82.26%.

Syndicate Bank has plans to expand the branch network to 3000 branches by March,2013.
The Bank has 1241 ATM's and has plans to open 500 new ATM's by march,2013.  

 

YASH CHOPRA 1932-2012.

LEGENDARY FILM DIRECTOR AND PRODUCER YASH CHOPRA PASSES AWAY AT THE AGE OF 80.MAY HIS SOUL REST IN PEACE.

SYNDICATE BANK LAUNCHES FOUR PRODUCTS ON FOUNDATION DAY.

The banner says "YOUNG AT 87 YEARS".
Syndicate Bank  enters 88th year with renewed
vigour and enthusiasm with 30 million customers and 28,000 staff.

The bank has launched VISA GOLD DEBIT CARD,RUPAY KISAN CARD,SYNDNAVRATNA and ONLINE DONATIONS PAYMENT TO PRIME MINISTER'S NATIONAL RELIEF FUND.

Mr.Sanghvi, Chairman & Managing Director, Syndicate Bank said,"the bank is continuously  endeavouring to provide customises and convenient banking products and services to its customers.The products / services introduced are among such initiatives in this regard."

Mr.Anjaneya Prasad,Executive Director and Mr.Uttam Nayak, Group country Manager-India & South Asia,VISA were also present on the occasion.

Mr.Rohan Bopanna with Mr.H.G.Raghunath

TITAN LAUNCHES THE LIGHTEST  EDGE WATCH.

Titan Industries Limited,a joint venture between Tata group and the Tamilnadu Industrial Development corporation (TIDCO) commenced operations in 1987.In 1994,Titan industries diversified into jewellery and more recently into 
Perception Eyewear with Titan Eye+.Titan Industries achieved a sales of Rs,8838 
crores in 2011-12 registering a growth of 35% over the previous year.Titan Industries  Limited is the fifth largest watch manufaturer in the world.

Addressing the media,Mr.H.G.Raghunath,CEO-watches & Accessories  Division said,"When we launched the Titan edge in 2002,it was the first time ever that an Indian watch company pushed the boundaries to design and manufacture indigenously the slimmest watch,thereby gaining an
entry into the Guinness Book of world Records.Ten years later,the new generation 
EDGE 2012, is lighter than ever before at 36 gms,by using a skeketal structure 
encased in Titanium- a new age material used in aircrafts & spacecrafts".

The new EDGE collection offers eight styles to choose from and is priced 
between Rs.11995 and Rs.16995.

Mr.Pirojsha Godrej, Mg.Director & CEO Godrej Properties addressing the media

GODREJ PROPERTIES Launches Godrej E-City in Bengaluru.

Godrej Properties  launches a residential project in Electronic City Phase-1 in Bengaluru.This project is spread over approximately 15acres to be developed in three phases. Phase 1 will consist of eight  5 storey buildings and offer about 280 homes across 3.6 lakh Sq.ft. consisting of 2 and 3 BHK apartments starting from Rs.37 lakhs.The entire project of approximately 800 apartments after completion will be of  1 million Sq.ft.This project will be jointly  developed by Universal Builders and Godrej Properties.

MARUTI SUZUKI LAUNCHES ALTO 800.

Maruti is offering the new Alto 800 with a Petrol and  CNG option.Maruti claims that new Alto 800 will be 15% more fuel efficient than the outgoing model at 22.74 Kms per litre for the petrol model and 30.46Km/Kg for CNG variant.

Mr.C.V.Raman(Exec.Director) &Mr.Vivek Anand

(RM)

Maruti Suzuki along with its vendors have invested over Rs.470 crores towards developing the Alto 800 which will be manufactured at the company's Gurgaon facility.Alto 800 will be available in 3 petrol variants and 3 factory fit CNG variants. Additionally, driver airbag will be available as an optional feature in LX1 model.The new Alto 800 will also be exported to Latin african countries from January,2013 onwards.the cost of standard model is Rs.2.55 lacs ,Rs.2.88 lacs for the LX model and Rs.3.11 lacs for the LX1 model.

LIVE 100 HOSPITAL-ADVANCED Avascular Necrosis of Hip
through Stem Cell Therapy.

Live 100 Hospital ,a multi speciality hospital in Bangalore has treated 6 patients suffering from advanced Avascular Necrosis 
of the hip through stem cell therapy.. This is a disease resulting from the temporary or permanent loss of blood supply to the bones.If this disease is not treated timely and properly,Avasuclar Necrosis will result in severe bone disorder and disability.

Addressing the media Dr.H.N.Nagaraj,Chairman,Live 100 Hospitals,said,"Stem cell therapy is considered as the most potential treatment to treat early Avascular Necrosis of the hip, though it can also be treated through surgical and conservative methods.We have achieved a greater degree of success among our patients compared to other hospitals in treating this condition using stem cell therapy".

SARALA BIRLA ACADEMY.-AN ADITYA BIRLA GROUP STAGES
WALT DISNEY'S
BEAUTY & THE BEAST




When Mr.Kumaramangalam Birla and Mrs.Nirja Birla conceived the idea of the school,they were crystal clear that it has to be different.Mr.Birla's vision for the school is "to ignite minds and to create in students a love for learning and continuous development,by making the learning process an enjoyable experience.The academy's mission is to help each student to reach his full potential and by doing so ,help develop a  higher sense of self esteem in the student ".   

The students of the Sarala Birla Academy,Bangalore staged Walt Disney's play "Beauty and the Beast'  at Jyothi Nivas College  auditorium on 12th and 13th October,2012 which was a good show performed by more than 120 boys.

MrSantanu Das ,Principal of SBA said,' the acting prowess, their dedication,the confidence and their determination to do whatever it takes to put up this beautiful play in a very engaging manner gives us a sense of pride.". Dr.Pragnya Ram,Group Executive President,Corporate communications &CSR was also present.