ADVANCED MANAGEMENT PROGRAMME (AMP) BY IIM-B

The need of the hour is thought leadership rather than people in positions of authority & wielding power sometimes with responsibility and also without adequate responsibility.

In order to develop thought leaders,Indian Institute of Management-Bangalore 
conducted a year long Advanced Management Programme which concluded recently..27 business leaders with industry experience of more than 15 years shared their experiences & thoughts on the need for such training for business leaders.

SRI LANKAN HEALTH MINISTER VISITS SRI JAYADEVA INSTITUTE OF CARDIO VASCULAR SCIENCES & RESEARCH.

Sri Maithripala Sirisena Health Minister of Sri Lanka visited Sri Jayadeva Hospital
for Heart Ailments in Bangalore. He interacted with the institute Director
Dr.C.N.Manjunath,He appreciated the Hospital for the quality Cardiac care Services 
rendered by the hospital and he is keen to emulate Sri Jayadeva Hospital  model  & 
its best practices in his country and sought institute's cooperation.

Mr.Mallikarjun Kharge addressing the media.Mr.Rajeev Bhargava,GM seated on the left.

INDIAN RAILWAYS

Rail Wheel Factory  (RWF) formerly known as Wheel And axle Plant was visited by Mr.Mallikarjun Kharge, Union Railway Minister.

Rail Wheel Factory was set up in1984 at a cost of Rs.146 crores.The factory is in Yelahanka,Bengaluru spread over  an area of 291 acres.


The annual turnover of RWF is Rs.1200 crores.Total Employee strength is 2627.RWF is the first RWF is the first Indian Railway unit to receive patent for its micro-alloyed cast wheel.The unit produced 2,06,357 cast wheels in 2012-13.RWF is world leader in producing the cast wheels for coaching stocks.

The RWF consistently maintained production level close to plant capacity on a
sustained basis after operation of 3rd furnace in December,2007. RWF with its technical capability &capable work force has all the potential to export cast wheels in the international market at very competetive rates.RWF has also developed various types of wheels approved by TTCI/USA.
Addressing the media,Mr.Kharge said,the following.
1.A LHB technology coach factory will be set up in Yadgir,Karnataka.
2. Bangalore city station is overloaded.Hence,more platforms and tracks
    will be laid in the land to be acquired from BBMP which has acquired the Binny
   Mills land. 
3.Yelahanka railway station will be remodelled.
4.Udhampur to Katra track completed which will benefit the pilgrims visiting
   the holy shrine of Goddess Vaishno Devi.

GUJARAT TRAVEL MART 2014.

Gujarat travel Mart will show case the rich & diverse culture and the history and heritage, the state of Guarat Possess.
GTM aims to bring face to face encounter with travel,trade hoteliers & other stake holders from India and abroad.GTM will be held between 27th
March,2014 to 29th April,2014.Gujarat has lots of places to visit for the tourists and  
they will never be disappointed.

VIJAYA BANK TIER II BONDS ISSUE - FULLY SUBSCRIBED.

Vijaya Bank has raised Rs.250 crores (Basel III) compliant
Bonds through Private placement.The issue opened 
on 17.12.2013 & closed on 20.12.2013.The issue was fully 
subscribed.

INDIA -USA -DIPLOMATIC ROW.

United States of America  should be aware that India is a vibrant democracy
with Free and Enlightened media and it is not a banana republic. It is not the
first instance where USA has treated our diplomats badly but also our former
President Dr.Abdul Kalam was detained.This cannot go on and the latest
act of arresting Dr.Devyani Khobargade  should be an eye opener for the
government of India. This act of USA is violation of Vienna convention.
This is because of our tolerance and the way we treat and value our 
relationship with USA which is not being reciprocated by them.The moot
question is why only our diplomat was treated like this?. Is it not time that
we also act the way USA acts?.We are a powerful country of 1.2 billion people
and we should also behave like one.The government of India should also look
into the charges that are levelled against our diplomat in New York and take
corrective action, if needed, so that such things donot repeat.

Mr.T.S.Sridhar,Director,-South, Nokia India launching Nokia Lumia 1520

NOKIA LUMIA 1520, -SMARTPHONE LAUNCHED.

A 20 MP Camera and the latest imaging innovations to make high quality imaging even easier.

The cost of the NOKIA LUMIA 1520 is Rs.46,999/- .

AAM AADMI PARTY (AAP) SHOULD NOT FORM GOVERNMENT IN DELHI.

AAM AADMI PARTY led by Mr.Arvind Kejriwal should not yield to temptation
and form the government with the support of Congress Party.They have no
mandate to form the government . The AAP has just opened the account and
they must first consolidate and should not yield to any temptation from Congress
party to form the government with their support.What will be the fate of AAP 
when the Congress Party withdraws support on some issue?. The only alternative
is for the BJP (which is the single largest party) to form the government with the
support of AAP with an agreed Common Minimum Programme.They together 
consist of 85% of the seats in the assembly.

MOSELLE IN
FRANCE AIMS AT BOOSTING ECONOMIC TIES WITH INDIAN COMPANIES.

Euro Indian Technology Sourcing & Business oppurtunities (EITS-2014) held a road show 
"An Evening with a French Toast".
Following the successful edition of 2009,the Moselle Developpement,the economic development agencyof the General Council of Moselle,the second edition of EITS will be held from 2nd to the 4th December,2014 in Metz,the capital city of Moselle.EITS 2014,will be supported by governments & public authorities in France,Germany & India.

This event will provide great oppurtunity for companies to build relationships with their future partners.EITS 2014 will focus on the fields of Materials for Process Industry (metals,chemicals, plastics & natural fibres),transportation and energy.The objective of the event is to foster economic ties between Indian and French entities (public and private R&D organisations,manufacturing as well as service companies).

Mr.H.S.Upendra Kamath CMD,Vijaya Bank addressing the shareholders.

VIJAYA BANK's EGM.

Vijaya Bank held its Extra Ordinary  General Body Meeting on 12 th December,2013.

The share holders approved issue of preferential shares to Government of India amounting to Rs.250 crores.

This will increase the government of India's  share holding to 59.80% from 55.02%.

BITCOINS - A VIRTUAL CURRENCY?

The euphoria for Bitcoin is heading for India,   
may be due to large pool  techie population. 
According to Forbes, India could be the next  
booming market for Bitcoins.

There is  a Global Bitcoin conference this week in
Bangalore to promote digital currency.The wall  
Street Journal reported that India ranks in the top 30 Bitcoin using countries.

The regulators and the enforcement agencies in India and 
world over,are already worried about this so called virtual currency.China has 
moved to ban banks from trading in the virtual currency.It is time even the  
government of India and Reserve bank of India act swiftly before it is too late.

 DON'T ALLOW CORPORATES TO START BANKS.

 The Parliamentary Standing Committee .on Finance has recommended that 
 Corporate Houses should not be given Bank Licenses by Reserve Bank Of India .
 Further, as on 30.03 2013,only 17% of the total branches of Private sector banks
 was in rural areas.Hence,it is a big question whether the private sector banks will
 achieve the national objectives of financial inclusion,priority sector lending 
 etc. In this scenario, it will not be prudent for RBI to consider issuing bank 
 licenses to Corporate Houses.

 We have already written about this on 19th january,2013,which we are 
 reiterating.