VIJAYA BANK HAS REDUCED ITS BASE RATE BY 20 bps TO 10.45%AND BPLR BY 25 bps TO 14.75%.THE REVISED RATE WILL BE EFFECTIVE FROM 1st MAY,2012.

BGS GLOBAL HOSPITALS.-LAUNCH OF INNOVATIVE SURGERY FOR BRAIN TUMOURS.

BGS Global Hospitals announced the launch of innovative Stereotactic Radiosurgery for brain Tumours  which takes just four minutes ,safe & painless and only two day stay in the hospital.

Stereotactic Radiosurgery is a specialised technology of reaching the tumour(a focal point) in the brain through three dimensional measurements and calculations.addressing the media Dr.N.K.Venkataramana,Vice Chairman and Chief Neuro Surgeon,BGS Global Hospitals said," Stereotactic radiosurgery offers a great advantage in treating benign tumours as well as brain tumours located in critical areas without an open surgery".This procedure involves delivery of a single,high dose of radiation to a small and critically located brain tissue through the intact skull.

SANRIO-HELLO KITTY LAUNCHES ITS APPAREL COLLECTION IN INDIA.

Sanrio Co.Ltd., headquartered in South San Francisco CA,the creators of Hello Kitty has now ventured into the apparel market in India.

HIRANANDANI LAUNCHES SIGNATURE BRAND PROJECTS IN BENGALURU.

House of Hiranandani  announced the signature brand comprising of three distinct projects namely:

1.HORIZON-YOO inspired by Philippe Starck and
2.Signature Villas,by Patty Mak both based in Bengaluru.

3.Seagull.based in Chennai  designed by Internationally acclaimed architect,Hafeez Contractor.

SACHIN JOINING POLITICS?.
Sachin has given his consent for Rajya Sabha nomination offered by the government. The moot question is whether the timing is correct for him to join politics when he is still playing. Many people may say that he is not joining politics and  will only be a member of Rajya sabha on nomination by the government. But the fact is that Sachin met Ms.Sonia Gandhi President of the Congress Party which only strengthens the view that he is joining politics.Otherwise he would have met  the prime Minister as he was nominated by the government and the PM is head of the government.

KASHMIR TULIP GARDEN,Asia's biggest had lot of visitors exceeding over a lakh in three weeks after it was thrown open to public on March,29. The visitors included celebrities from the corporate sector like Anil Ambani Chairman Reliance ADAG and Gautam Singhania of the Raymond group.
Source: Rediffnews.

BHARAT ELECTRONICS LIMITED- FINANCIAL RESULTS(PROVISIONAL) FOR 2011-12.

HIGHLIGHTS.
BEL paid  an interim dividend of 100% for the year 2011-12 to its share holders.The largest shareholder is government of India which holds 75.86% and the general public holds only 1.87%..


Turnover from indigenously developed products is 81%.

Supplies to the defence contributed 73% of turnover as against 80% in 2010-11.

User trials  of weapon Locating Radar(WLR) were successfully completed .


6 lakhs of Tablet PC were developed and supplied in record time to the ministry of rural Development.


The Turnover for the year 2011-12 is Rs.5710 crores as against Rs.5530 crores last year.


Profit Before tax  showed a decline from Rs.1161 crores last year to Rs.975 crores during this year.


Exports also showed a decline from Rs.49.5 crores to Rs.38.45 crores.

Order Book value shows an increase from Rs.23,600 crores last year to Rs.25,748 crores.




 

STATE BANK OF MYSORE- ANNUAL RESULTS 2011-12.

State Bank of Mysore announced their financial results for the year ending 2011-12. 
The toatl business of the bank reached Rs.90,839 crores,of which deposits showed an increase of 16.10%  amounting to Rs.50,186 crores and advances grew by 18.03% amounting to Rs.40,653 crores.


The operating profit for the year is Rs.1059.61 crores registering a decline of 9.72%.Addressing the media the Managing Director Ms.Hamshini Menon said that the dip in operating profit is due to the marginal decline in net interest income and higher overheads and staff expenses as the bank recruited many staff both clerical and probationery officers during last year.


The net profit also showed a decline of 26.26% to Rs.369.15 crores.The reason is due to higher standard assets provision,provision for bad debts,restructured advances and depreciation on investments accounted for the higher provisions. During the year NPA's registered an increase from Rs.863.74 crores to Rs.1502.62 crores in 2011-12.This increase in NPA is largely due to agricultural segment as many pars of the state is reeling under drought.The gross NPA is 3.705 and net NPA is 1.93%.The banks has declared an interim dividend of 100% for the year 2011-12.

The bank has set a target to reach 1000 branches and total business of Rs.100,000 crores during the year 2012-13.The bank  has set up a asset tracking department to tackle growing NPA,s.

IS INDIA'S ECONOMIC SLOWDOWN A REALITY?
There is slowdown in economic activity .Will India be replaced by Indonesia in BRICS countries?.These are the common points discussed in hush hush tones in economic circles. But one thing is certain that there is paralysis in  major economic reforms implementation.Going by the statement of Mr.Kaushik Basu,Chief Economic Adviser to the government of India that major economic reforms has to wait till 2014 and there is slowdown in decision making makes everyone worry. The government cannot brush aside the reality that FDI has fallen below 50% , inflation is still high agricultural production has dropped  and prices have not fallen to reasonable levels.There is one more oil price hike in the offing which will have spiralling effect on the prices.The government cannot take shelter under the coalition compulsions and they are not getting the support they expect from the coalition partners.

BOMBARDIER OPENS ITS ENGINEERING SERVICE OFFICE IN BENGALURU.

Bombardier Aerospace opens its Engineering Service Office in Bengaluru which will house about 50 aerospace engineers by 2013.Additionally,this office will offer its customers the highest level of support as close as possible to their operational bases.

BOMBARDIER,is one of the leding manufacturer of innovative transport solutions from commercial aircrafts and business jets  to tail transportation equipment,systems and services. Bombardier Inc. is a global  Corporation headquartered in Canada.Its revenues,for the fiscal year ended December,31,2011,were $18.3 billion. and its shares are traded in the Toronto Stock Exchange.

MSD INDIA LAUNCHES ' GUARD YOURSELF'-A NATIONWIDE INITIATIVE OF CERVICAL CANCER PREVENTION PROGRAMME.

MSD Pharmaceuticals Pvt.Ltd.,a wholly owned subsidiary of Merck & Co.inc. USA announced the launch of a comprehensive cervical cancer prevention programme "Guard yourself' in Bengaluru in the presence of a panel of doctors.This programme aims to help fight cervical cancer which is the leading cancer affecting women in India and causing nearly 72,825 deaths every year.

The panel of doctors include Dr.Hema Diwakar, Dr. Sarawathi Ramesh,Dr.Pushpa Radhakri,Dr.V.Asha v kumar,Dr, Anuradha Pramesh,Dr.Revathy Prasad,and Dr.D.Sangeeta.Mr.K.G.Anathakrishnan,MD,MSD India was also present.Ms.Sameera Reddy,Bollywood actor was also present.


How to prevent cervical cancer? Education,Screening and Vaccination are the three important aspects of fighting cervical cancer. For the list of clinics please visit the website www.guardyourself.in


The doctors said, after education and screening ,if vaccinated earlier, cervical cancer can be prevented.

AGNI V INDIA'S FIRST ICBM TEST FIRED SUCCESSFULLY.

India test fired long range Intercontinental Ballistic Missile(ICBM) with a range of 5000Kms (3100 miles) from Wheeler island off Odisha Coast yesterday. "it has met all the mission objectives,and has hit the target with very good accuracy'. said Mr.S.P.Dash,Director,Test range. With this,India joined the elite club which has this capability.

CUTTING EDGE ROBOTIC SURGICAL INNOVATION AT MANIPAL HOSPITAL
Robot assisted Thyroid and Tansoral Surgery performed for the first time in the country.

A team of doctors at Manipal Hospital,Bengluru performed Scarless Robotic surgery for Thyroid and Larynx cancer - a breakthrough in surgery.The Doctors who performed the surgery were,Dr.S.P.Somasekhar,HOD,Robotic Surgeon,Dr.Shabber.S.Zaveri,Robotic Surgeon and Dr.E.V. Raman,Department of ENT.

The Robot assisted surgery not only ensures greater precision but also takes care of low loss of blood,less pain,quick patient recovery,shorter hospital stay and better quality of life post surgery compared to conventional methods of doing throidectomy.Dr.Somasekhar says,"Robotic technology not only addresses every aspect of patient's needs but also offers tremendous ease for surgeons".

MARUTI ERTIGA

MARUTI SUZUKI UNVEILS INDIA'S FIRST LIFE UTILITY VEHICLE-LUV-ERTIGA.
Small Outside-Big inside.
Launch of ERTIGA (which means Three rows in Indonesian language) by Maruti Suzuki strengthens the product portfolio of the market leader and also creates an all new Life Utility Segment at an attractive price point. Maruti Suzuki does not have any car in this  Multi purpose Utility (MPV) segment. With an attractive price tag ranging from Rs.6.12 lacs to Rs.7.55 lacs in Petrol cars and Rs.7.55 lacs to Rs.8.72 lacs in diesel cars(ex-showroom-Bangalore),this car poses a challenge to current leaders Toyota's Innova(starting price Rs.9.14 lacs) and M&M's Xylo(starting price Rs.7.34 lacs)

MPV's account for 10% of the total passenger car market and ERTIGA coming from the Maruti stable will definitely carve a niche for itself and may drive Maruti's growth.

BANGALORE TO HOST LIFESTYLE SPORTING EVENT " BANGALORE POLO SEASON 2012".

Hive sports United,a 100%  Subsidiary of Base Corporation in association with the Army (ASC) announced BANGALORE POLO SEASON 2012 at Agram Army grounds, Bangalore.This event is open to the Public.The season will have three cups,Base Polo Cup,Trinity Cup and Champions Cup. 
The season will have three Polo Tournaments,on the 15th of April is the grand opening,18th of April,22nd of April and 29th of April 2012.The teams include 8 national level teams(ASC,Bangalore,Mumbai,Hyderabad,Jodhpur,61 Cavalry,NDA,Artillery and RVC).

Lt.Gen.Kamal Mohey,AVSM,Commandant ASC Centre and College,Major Gen.Jaideep Mitra,Brigadier Amardeep Singh,President Agram Riding and Polo Academy,Major Faiz Siddiqui International Polo player and Secretary,agram Riding and Polo Academy and Mr.Aditya Arora,Founder & MD HiveSports united were present on the Occassion.

To add glamour to the event,a grand finale match on the 29th April will encompass a convoy of super luxury cars like Ferrari,Lamborghini etc.will be doing its rounds in Bangalore city followed by a fashion show and an art exhibition by renowned artist Pragya Jain from Art Mall,New Delhi.

FACEBOOK BUYS INSTAGRAM PHOTOSHARING NETWORK FOR $1 bn.
Instagram was launched in October,2010,initially for the i Phone before being offered as an android app last week.
Source:BBC

                                                                 INDIA SUCCESS STORY.

A recent report by Knight Frank claims that India will pip China and emerge as the largest economy in the world.The research report expects India to grow at a phenomenal rate of 8% between 2010 and 2050.

The Institute of Company Secretaries of India(ICSI),   the premier Institute for training Company Secretaries in India signed MOU's with the Alliance University ,Bangalore Chamber of Industry & Commerce,Bangalore Stock Exchange Limited and Direct Taxes regional Training Institute to promote excellence in professional and legal education and research through cooperation in areas of mutual interest.

Addressing the media,Mr.Nesar Ahmed,President ICSI said that the institute is in transformation stage.To face the challenges to provide real time value added services to the stake holders,the institute is embarking on major technology transformation to have real time e-mode solutions.The institute has also taken few initiatives towards Corporate Governance.They are:
1. Introduction of "Corporate Governance' in the syllabus.
2. Setting up of ICSI-Centre of Corporate Governance Research & Training.
3. Directors development programmes.
4. Conducting Transnational conferences on corporate governance.
5. Post membership qualification course in Corporate governance was introduced by the institute.
6. The institute brings out publications regularly to members  and 
    Corporate Sector to inculcate culture of good governance.

WHY SHOULD CORPORATORS SEEK FREE PASSES FOR IPL IN BENGALURU ?.
The corporators in Bengaluru want free passes to witness IPL matches .If not given, there is a veiled threat that they may impose commercial tax on the tickets.This threat is uncalled for.The corporators,MLA's.MP's and the Ministers have to buy the tickets like a tax paying common citizen and witness the match if they are real sports lovers.Afterall, they are representatives of the people who have been elected to serve the people and not to demand certain privileges which a common citizen does not enjoy. It is time that the FREE culture is wiped out from our country.

MALAISE IN THE ARMY.
First It was General V.K.Singh's date of Birth row .Next it was the leak of the General's letter to Prime Minister followed by a possible army coup as reported by a leading daily. Of course,the report about possible army coup was rubbished by PM and the Defence Minister. But the bigger question is why all these things are happening now regarding our professional army.It looks there is something beyond all these. Is it that some people are not comfortable with the present General who is determined to cleanse the system.There is no denying fact that there are powerful middlemen who liaise on behalf of some, who supplies arms ,ammunition and even trucks for the army, as India is one of the biggest buyer of defence equipments.Let us ponder over and find answers.