DECLINE IN BUSINESS CONFIDENCE SAYS CII SURVEY.

Uncertainty surrounding the global economy,rising input costs and high interest rates had led to a decline in business during the quarter ended 31st December,2011,says a survey by the Confederation of Indian Industry.
Hopefully by 2012 there is some positive indicators including moderating inflation,reduction in interest rates and a growth oriented budget may revive the mood of the industry.

VIJAYA BANK- Q 3 RESULTS ENDING 31st DECEMBER,20111.

Total Business reaches Rs.1,37,594 crores - up by 28%.
Total Advances reaches Rs.55,838 crores- up by 28.16%.
Total Deposits reaches Rs.81,756 crores - up by 28.34%.
Interest income on advances for the quarter increased by 51.40%.
Net Profit for the quarter is Rs.124.27 crores after making provision of Rs.111 crores
towards Non performing Assets and Rs.39 crores towards diminution of the value of certain borrowal accounts due to restructuring.

CD Ratio of the bank is 68.2%.
Capital adequacy (Basel II) at 12.39%.
Total Number of branches is 1265 and total ATM's is 669.

Guidance for the Year ending March,2012.

* Total Business to reach Rs.1,44,000 crores.
* Total branches to be opened during the year is 100,out of which 65 branches
already opened and the balance 35 branches before March,2012.Total ATM's for
the year is 200,out of which184 ATM's already installed and balance 16 will be
installed before March, 2012.
* Emphasis on increasing fee based income by focussing on marketing of
bancassurance products and other avenues like credit syndication.
* Take advantage of the market dynamics and improve yield on investments.

Addressing the media Mr.H.S.Upendra Kamath,CMD of the bank said ," given the delinquency and restructuring of certain large borrowal accounts, the numbers posted for the quarter ended December,2011 are considered reasonable and the bank has taken strategic steps for ensuring sustained growth". The recent reduction 0.5% in CRR by Reserve Bank Of India has enabled the bank with an additional liquidity of Rs.390 crores as lendable surplus.

Nightmarish experience for Indian Couple in Norway.
It is strange that hand feeding a child is equivalent to force feeding as per Norwegian Child protection Rules.Further,children sharing bed with their parents is deemed as an unacceptable behaviour in Norway. Afterall, every child in India is handfed and small children sleep with their parents to have emotional comfort in India.The Norwegian government should respect our cultural ethos and they should be made aware about this by our embassy in Norway. The Indian couple underwent a nightmarish experience for seven months due to the inefficiency of our embassy in Norway. The Indian ambassador in Norway should be called to New Delhi and should be given lessons about their duties. The main duty of the Indian Missions abroad is to take care of the welfare of the Indian people living in their respective countries. It is not enough to take care of the trips of Ministers visiting their countries and government officials.

INDIA CELEBRATES 63rd REPUBLIC DAY IN NEW DELHI.THE CHIEF GUEST FOR THIS YEAR's REPUBLIC DAY IS THAILAND's
PRIME MINISTER YINGLUCK SHINAWATRA WHO IS ON A THREE DAY STATE VISIT TO INDIA.

SOUTH WESTERN RAILWAY CELEBRATES 63rd REPUBLIC DAY.
Mr.S.Mani,Divisional Railway Manager,South Western Railway,unfurled the National flag and addressed the gathering.He said that all overall punctuality of trains for the 9 months period upto December,2011 is 95.44%. the earnings for the same period has increased to Rs.782 crores registering a growth of 11%.

KARNATAKA MILK FEDERATION (KMF) PRODUCERS OF NANDINI BRAND OF PRODUCTS LAUNCHES GOOD LIFE IN 100 ml tetrapacks.

Karnataka Cooperative Milk Producers Federation Limited,launched GOOD LIFE in 100ml tetra packs priced at Rs.4\-.This product will reach even the remote areas of the state and it is affordable says,Mr.G.Somasekhara Reddy,Chairman,KMF.

LIC OF INDIA WINS GOLDEN PEACOCK INNOVATIVE AWARD,2011.
LAUNCHES NEW PRODUCT-JEEVAN ANKUR.

Features of the new product-Jeevan Ankur:
1.This product is specially designed to meet the educational and other needs of the child.
2.The plan covers the risk on the life of the parent and the named child shall be the nominee under the plan.
3.Accident Benefit rider and critical illness rider are two optional benefits under the plan.
4.the minimum age at entry for a parent is 18 years (Completed) while the maximum age is 50 years (nearest birthday).

M.S.RAMAIAH INSTITUTE OF TECHNOLOGY (MSRIT)-GRADUATION DAY.
M.Tech,MBA and MCA programmes & Felicitation of 15 Rank holders and 5 Gold Medalists in PG programmes of the Batch 2011.

Padmashri Dr.T.S Prahalad,Former Director & Distinguished Scientist,National Aerospace Laboratory,delivered the graduation day address and felicitated the rank holders.He advised the students to be professional, at the same time,should be humane.Success & failure should be managed with care if one has to be a good leader. Dr.M.R.Jayaram.Chairman,Gokula Education Foundation(GEF),presided over the function,Mr.M.R.Seetharam,Vice Chairman,GEF,Mr.M.R.Ramaiah,Secretary,GEF, & Mr.S.M.Acharya,Chief Executive,GEF were the guests of Honour.

Totally 257 graduates received the certificates.

FAT TO FIT
VIKRAM HOSPITAL-Bangalore has set up a state of the art Operation Theatre
exclusively for Bariatric and Metabolic surgery with the best of intensive care unit.

The number one disease in the city is ,a combination of Diabetes & Obesity called Diabesity.Operations done to reduce the weight is called Bariatric Surgery.Dr.Ramesh,has been the pioneer in the field of bariatric surgery and is trained in USA & Europe.He will be ably supported by Dr.Tulip who is also trained in USA .With diabetes being so common in our country,this type of operation may do a lot of good to the society.

LOKPAL BILL.

Mr.V.Narayanaswamy,MOS,Parliamentary Affairs,PMO,while addressing the media on the sidelines of All India IRS Officers Convention in Bangalore said that an effective Lokpal Bill will be passed in the Parliament.He further said that there are about 187 amendments suggested in the Rajya Sabha which is being studied by the government and they will have a meeting with all the political parties .

ALL INDIA CONVENTION OF INDIAN REVENUE SERVICE(IRS) ASSOCIATION was held in bangalore on 20th &21st January,2012.The convention was inaugurated by Mr.V.Narayanaswamy,MOS,Parliamentary Affairs,PMO,Personnel,Govt.of India.The Minister assured the officers that their demands will be considered in consultation with the Finance Minister.

The Two day convention was organised to discuss various issues relating to the structure,vision and roadmap for the department,infrastructure augmentation,HRD and other service matters .

The IRS officers from all over the country participated in the convention as delegates.The convention was last held in 2005 in Mumbai.

SONATA,INDIA'S LARGEST SELLING WATCH BRAND FROM THE STABLE OF TATA ANNOUNCED WATCHES UNDER THE SUPER FIBRE BRAND,MAKING IT THE ONLY PLAYER IN INDIA TO OFFER BRANDED WATCHES AT Rs.225/-

The watch is multifunctional and offer attractive features like light,stop-watch,alram and are available in four exciting colours.Each watch carries one year warranty and the trust of the TATA Group.

Speaking on the occassion,Mr.Bhaskar Bat,MD,Titan Industries, said," SONATA strives to be the most desirable brand in the mass market by providing great value for money to the customers".The company is offering a discount of 20% on all its super fibre range of watches from 12th january,2012 to 14th february,2012 and is available in over 8000 outlets.

WIPRO AND NVIDIA Graphics teams qualify for the National Finals of world
Corporate Golf Challenge. Beat stiff competition on day 2 of the Bangalore Qualifiers of Take Solutions World Corporate Golf Challenge-India.

IMTEX FORMING 2012 & TOOLTECH 2012 BEGINS IN BIEC,BANGALORE.

IMTEX IS THE LARGEST DISPLAY OF TECHNOLOGY IN ASIA.Inaugurated by Dr.K.Kasturirangan,Member,Planning Commission.Mr.Jamshyd N Godrej,Chairman,Exhibitions,IMTMA and Mr.Vikram Sirur,President,IMTMA participated in the Inauguration ceremony.

Awards Given:

* 4th IMTMA-BFW Lifetime Contribution Award in memory of H.R.Gupt was
awarded to Mr.C.P.Rangachar .
* 3rd IMTMA -Vinod Doshi Outstanding Entrepreneur Award was given to
Mr.Narendra Kumar Dhand.

BHARTI AXA GENERAL INSURANCE ACHIEVES 47% GROWTH OVER LAST YEAR.

* Bharti Axa is the fastest growing Multi line Insurer in the country,third time in a
row.
* Bharti Axa sold over 6.5 lakh policies and settled over 1.2 lakh claims in the year
2011.
* 44% of business comes from tier II & III cities.

Addressing the media,Dr.Amarnath Ananthanarayanan,CEO,said,"year 2011has been a great year for us. we bagged the coveted" Risk manager of the year" award at Asia Insurance Industry awards and the prestigeous"Personal Lines Growth Leadership" award at India Insurance Awards.
Outlook for 2012:
Health insurance will be a focus area.

OPEN MARKET CAUTIOUSLY.
Nobel Laureate economist Joseph Stiglitgh's warning to India in the presence of the Finance Minister Pranab Mukherjee recectly in Kolkata, is not to imitate USA blindly. Opening up the capital market fully can seriously endanger the country's economy.India should learn from the recent global financial disasters.The US has the resources to recover but India does not.
Courtesy:GFI News.

MOST VALUED COMPANIES- TCS SLIPS TO FOURTH PLACE.

TATA CONSULTANCY SERVICES (TCS) slipped to fourth position in the list of country's most valued companies after Reliance industries,ONGC and Coal India Ltd. Earlier,last month TCS replaced RIL as the country's most valued companies but could not hold on to the position.
Courtesy: Rediff.com

THREE DAY WORKSHOP ON LINEAR ALGEBRA AND ITS APPLICATION TO ENGINEERING BEGINS IN M.S.RAMAIAH INSTITUTE OF TECHNOLOGY,BANGALORE FROM 16th TO 18th January,2012,AS PART OF GOLDEN JUBILEE CELEBRATIONS OF MSRIT.

PGTI announces Puravankara Bangalore team for the Louis Phillippe Cup.

Anirban Lahiri,Manav Jaini and Abhishek Jha to lead Bangalore's challenge in the
9 city golf event.

US $250,000Louis Phillipe Cup will be held at the Karnataka Golf Association from 5th to 10th March,2012.

STOCK MARKET:
Scrip to watch- INFOSYS-3rd quarter results-as on Dec,2011.
The share of INFOSYS fell on the day of the result to close at Rs.2585. But according to the company,they have done well in 3rd quarter of 2011-12.They expect the growth to improve in FY-13.The company has added 49 new clients for the 3rd quarter,out of which 6 are Fortune 500 companies.The depreciation of rupee to an extent of 11% in the 3rd quarter has also helped the company.As the currency movement will be volatile in the last quarter of this year and the rupee may be hovering around Rs.52\-,the company will be benefited

If the environment remains stable,the company may do better,but spending by clients may be choppy..
The Graph:Courtesy -Businessline.

INAUGURATION OF THE REPRODUCTIVE MEDICINE (IVF) UNIT AT THE
BANGALORE BAPTIST HOSPITAL.

The inauguration of the Reproductive Medicine Unit coincided with the 39th anniversary celebrations of the Hospital. Mr.S.V.Ranganath,IAS, Chief secretary ,
Govt.of karnataka inaugurated the unit in the presence of Dr.Suranjan Bhattacharji,
Chiarman of the Governing Board,Dr.Alexander Thomas,Director & CEO of the Hospital,Dr.Korula George,Head of the Dept.Reproductive Medicine Unit,& Dr.Chandy Abraham,Deputy director of the Hospital.

Addressing the gathering.Mr.S.V.Ranganath,said," I admire the services rendered by this Hospital and the people who work for this hospital for delivering high quality medical care at reasonable cost".

Dr.Suranjan Bhattacharji spoke about the strong principles which govern this institution which enabled the hospital to deliver high quality medical care.

SHISHU MANDIR-an initiative by Indo German couple Mrs.Hella Mundhra and

Dr.Dwaraka Das Mundhra in 1983.Today it has grown to a school,a children's Home,a community college,a child care centre,self help groups, providing clean drinking water for two villages,outreach programmes in 12 villages and 31 shelters for the needy.

A new Children's Home of 12,600 Sq.ft is under construction and will be inaugurated on 11 th january,2013.

Mrs.Hella Mundhra,though 73 years, is working tirelessly for enlarging the scope of activities of Shishu Mandir and for the development of rural community.

MICHAEL DELL,Chairman of the board of directors and CEO of DELL,visits Bengaluru.

Mr.Michael Dell, founded Dell Inc.in 1984 with $1000 at the age of 19.Michael became the youngest CEO ever to earn a ranking on the Fortune 500.Today the company is a 62 Billion Dollar company.

Today,Dell Inc.has more than 100,000 team members who serve the IT needs of global corporations. 25% of its employees are based in India.

While addressing the business persons and media organised by CII in Bengaluru,Mr.Michael Dell said that the Business & Technology are intertwined and the business has to harness the full potential of technology for furthering their businesses.While comparing China with India, he said that China has consistent industrial and manufacturing policy which is missing in India.Further he said that Indian government should invest in creating specialised R&D skills as India has a huge human potential.

SREI INFRASTRUCTURE FINANCE COMPANY LIMITED.

SREI to issue tax saving long term infrastructure bonds.

Face value :Rs.1000\- each in the form of secured redeemable Non convertible Debentures not exceeding Rs.500 crores(Shelf Limit) for the fiscal 2011.12 having benefits under 80 CCF of the Income Tax Act.

The first tranche of the Bonds has opened for subscription on December,31,2011 and closes on January,31,2012 or earlier as decided by the board of directors of the company.The Bonds issued under prospectus tranche -1 would be for an amount not exceeding Rs.300 crores and are proposed to be listed on the BSE Ltd.

Ratings: The bonds proposed to be issued have been rated ' CARE AA' by CARE.The rating of the bonds by CARE indicates high degree of safety with regards to timely servicing of financial obligations.

The minimum number of bonds per applicant is ONE bond per applicant and in multiples of 1 bond thereafter for resident individuals as well as for HUF.

The bonds are issued in four series with interest rate of 8.90% per annum for series 1 and series 2 and 9.15% per annum for series 3 and 4.Interest under series 1 and 3 will be payable annually and interest under series 2 and 4 will be payable cumulatively(compounded annually).All series of bonds will have a buy back option at the end of 5 years.The bonds have a maturity period of 10 years and 15 years and shall have a lock in period of 5 years and can be traded thereafter on BSE.

Tax Benefits:The bonds have been classified as Long term infrastructure Bonds as per the terms of section 80CCF of the Income tax Act.

The amount received through these bonds will be used for infrastructure financing by the company.

The Lead Managers to the issue are: ICICI Securities Ltd.,Karvy Investor services Ltd.,RR Investors Capital services Pvt.Ltd., and Srei Capital Markets Ltd. who will provide the investors with more information.

RBI TO REDUCE VALIDITY OF CHEQUES.
Beginning next financial year,2012-13,RBI reduced the validity of cheques and bank drafts from the present six months to three months from 1st April,2012.

Reserve Bank of India may review the interest rates on lending in its review on 24 th January,2012 as the higher interest rates on borrowing is hampering industrial growth. RBI increased the interest rates 13 times in 10 months last year to curb inflation.

OAKRIDGE INTERNATIONAL SCHOOL MAKES ITS PRESENCE IN BANGALORE.

Oakridge International School,one of the largest International Schools in India launches its Bangalore Campus at Sarjapur.With an investment of Rs.100 crores,the 10 acre campus will have a student intake of about 2500.The teacher student ratio will be 1:10 and to start with the classes will be from Nursery to standard VII.

Speaking to media,Mr.Shomie Das,Chairman,People combine Educational Initiatives said,"Oakridge firmly believes that every child is unique and our motto is learning the treasure within and our pool of teachers are facilitators for the process.All our schools are child centric and our teachers ensure that the learning is engaging,relevant,challenging and significant in order to meet the diverse needs of the student-physical,social intellectual,aesthetic and cultural."

Oakridge International School,plans to open 50 more world class schools across the country by 2015.

INDIAN TOOL MANUFACTURER'S ASSOCIATION(IMTMA) is organising its 2nd edition of IMTEX FORMING 2012 AND TOOLTECH 2012- a highly acclaimed platform for showcasing Forming Manufacturing Technologies.This Exhibitionis scheduled to start from 19th -24th january,2012 at Bangalore Intertnational Exhibition Centre(BIEC) ,Tumkur Road.

Exhibitors from 24 countries including india will be participating in the exhibition.High level Business delegations from China Machine Tool and TOOL BUILDERS ASSOCIATION WILL BE A PART OF THE EXHIBITION.

Addressing the media,Mr.Vikram Sirur,President,IMTMA,said," Over a period of time India has emerged as a global hub for manufaturing technologies".