GLOBAL AYURVEDA SUMMIT 2010.

As it is a matter of pride that Ayurveda originated from India and its practice was intense particularly in Kerala.India is emerging as a Global Ayurveda Hub and it is important for stake holders,practitioners in India and abroad to realise its growth potential. To give a boost to ayurveda,CII in association with AYUSH (Department of Ayurveda,Yoga &naturopathy,Unani,Siddha and Homooeopathy)Government of India and kerala is organising first edition of the Global Ayurveda summit 2010,in kochi from 24-26 march,2010 in Hotel Le Meridien,Kochi,Kerala.

The objective of the Summit is to create a global market place,achieve standardisation and quality in raw materials,process and products,integrate health and tourism and leverage IT for delivering ayurveda services. This summit will ensure participation of stake holders to share their views and jointly take action towards the upliftment of Ayurveda in India and also globally.

BSNL LAUNCHES 3G SERVICES IN KARNATAKA.

Bharat Sanchar Nigam Limited has launched 3G service in karnataka on 19th february. Inaugurating the launch, Mr.Raja,Union Minister for Communications & IT said that the much awaited number portability will be available to all the mobile customers irrespective of the service provider,from May first week this year. This service will be available in Chennai and Bangalore to start with.

At present, BSNL is the only 3G operator in the country.

HYGICLEAN-HANDS FREE SANITATION

One of the most dispensable habits still prevalent in India is that of using our hands to clean after our daily bowel movement.The very act of touching the excreta\faecal matter with our hands is the most dangerous practice and immediately exposes us to the spread of some of the most dreaded diseases on earth viz;hepatitis,Typhoid,Cholera,Diarrhea,Gastroenteritis etc.

As per a recent research done by Global hygiene Council,only 27% of Indians wash their hands with just water after completing the cleaning process after toilet. A small percentage of these use soap but the soap cannot clean more than 50% of these germs ( Source: Hospice Epidemiology Infection Control Manual,2nd edition 1999).

Today modern technology has a simple and affordable solution to these problems.It is called Attachable Bidets.
The various range of Attachable Bidets is introduced by M/s Mansha Enterprises, a Singapore based Company promoted by Mr.Lovell Khanna and Ms.Jasmine Khanna in 2003. Mr.Lovell khanna,CEO of the Company is a BITS Pilani graduate and an MBA from IIM,Kolkata. He has over 35 years of experience in managing both Indian & Overseas Companies.

The company has an office in Bangalore also.The website of the company is www.mansha-enterprises.com.

BT BRINJAL ROW.

In another 48 hours The Minister for Environment will be announcing his decision whether to introduce BT Brinjal in the country.There are two sets of arguments in favour by Bio Technology Scientists and against by NGO's and activists for introduction of BT Brinjal in the country. The majority of the states are opposed to introduction of BT Brinjal

BT Brinjal is a GM Crop and the scientists argue that the farmers will get higher yield and they need not use the pesticides. The Activists argue that the BT Brinjal may cause harm to our health and the Genetically Modified brinjal may in the long run eliminate our different varieties of brinjal numbering more than 2000 from our country.

But one thing is certain,the BT Brinjal is genetically engineered variety and the moot question is whether we require that when we have already more than 2000 varieties and grown plenty in the country.

As introduction of BT Brinjal as a crop is an agriculture subject,I donot know why Mr. Jairam Ramesh who is an Environment Minister should make an announcement instead of Mr.Sharad Pawar who is the Minister of Agriculture.

BAJAJ ELECTRICALS LIMITED.

Bajaj Electricals Limited, is in the business of small appliances,fans,lighting and Industrial luminaires has distribution arrangements with Trilux Lenze of Germany(for luminaires),Delta controls of canada(for building management systems)and Securiton of Switzerland (for security systems),Morphy Richards of UK and nardi of italy(for appliances),Disney of USA &Midea of China(for fans).

The company has also invested in Starlite Lighting to manufacture energy saving Compact Fluorescent Lamps(CFL).

Bajaj Electricals Ltd. has six strategic business units viz: Engineering & Projects,Appliances,Fans,Luminaires,Lighting and Morphy Richards.The company has declared its 9 month results (as on 31.12.2009). The net sales/ income from operations has increased by 31% at Rs.1470 crores as against Rs.1122 crores for the corresponding period last year.The profit Before Tax has increased by 84% to Rs.120 crores from Rs.65.4 crores and the net profit for the period has grown by 91% to Rs.79.6 crores from Rs.41.7 crores for the corresponding period last year.

Addressing the Media in Bangalore,Mr.Sekhar Bajaj ,Chairman of the company said that they hope to close the year (2009-10) with Rs.2201 crores and wants to reach a turnover of Rs.5000 crores in 4 years. He further said that the lighting in the Bandra-Worli sea link is done by the company and the street lighting of the biggest mall located in Dubai was also done by the company. The company will also be doing the street lighting of the road for 150 kms leading to the Common Wealth games venue will also be done by the company.

Mr.Piyush Mathur appointed as Managing Director of The Nielsen company, South Asia.

CANARA BANK 3rd QUARTER RESULTS-NET PROFIT CROSSED Rs.1000 CRORES.

CANARA BANK posted impressive results for the 3rd Quarter ending 31.12.2009.

Operating profit rose to Rs.1470 crores.
Aggregate business reached Rs.3,56,310 crores.
Total Deposits reached Rs.2,08,899 crores up by 29%
Total advances reached Rs.1,47,411 crores up by 14.3%
credit deposit ratio is at 70.57%.
Operating expenses contained at December,2008 level.
Net interest Income reached rs.1478 crores up by 18.8%.
Capital adequacy ratio is at 14.44% well above the stipulated norm of 9%. Tier capital at 9.20%.
Branch network is at 3005 branches.
Net NPA is at 1.34% against 1.09% on 31.03.2009.
NPA coverage ratio is at 74.04% against the mandated 70%.
Cost of deposits 6.25% and yield on advances is at 10.01%.

500TH ANNIVERSARY OF CORONATION OF SRI KRISHNADEVARAYA.

The grand extravaganza put forth by the government of Karnataka at Hampi is worth applauding. But there is a feeling that the locals are neglected as they are not involved in the celebrations.

We understand that the government has spent Rs.5 crores only on the main stage i.e Sri krishnadevaraya vedike.We met some of the tourists mostly from abroad. They are enthusiastic and awe struck by seeing the monuments and they expressed their unhappiness about the infrastructure as they are fleeced at every stage.The foreign tourists and domestic tourists coming from outside karnataka were at sea as they were not able to understand the programme as it was printed only in kannada.It would have been better if the government had printed the programes in English also for the benefit of foreign tourists and tourists coming form all over the country.

Hampi is our national heritage and we have to preserve this at any cost. The glorious Vijayanagar empire reminds us how the King krishnadevaraya treated his subjects and how the people lived happily.

Photos: Courtesy from Internet.

VIJAYA BANK 3rd QUARTER RESULTS

VIJAYA BANK'S THIRD QUARTER RESULTS.

Vijaya Bank announced its third quarter results ending 31.12.2009. Mr.Albert Tauro,Chairman &Managing Director of the bank announced the results.
Total Business of the bank: Rs.98272 crores.
Total deposits of the bank : Rs.58928 crores.
Gross advances of the bank:Rs.39344 crores.
Capital Adequacy : 13.34% (Basel-II)
Net profit for 3rd quarter : Rs.124.57 crores for 9 months: Rs.376.37 crores.
NPA (Gross) : 2.53% against 1.97% as 31.03.2009
NPA (NET) :1.30% against 0.82% as on 31.03.2009
NPA Coverage :65% against mandated 70%.
Public share Holding : 46.13%
Return on assets(annualised) : 0.77% against 0.59% as on 31.03.2009
Cost of deposits have come down from 7.49% to 6.41%.
Net work of branches:1149 branches,ATM's:376,under 100%CBS set up.
GUIDANCE FOR MARCH 2010.
* 18% growth in aggregate Business.
* Net Interest Income growth of 30% or more.
* Improved margins-NIM of 3%.
* Launching of On Line Trading portal and phone banking services.
* Net NPA to be contained within 1%.

Adressing the Media.Mr.Albert Tauro,CMD of the bank said," our numbers need to be seen in the light of subdued earnings from treasury during the third quarter in the face of hardened benchmark yields. Significantly our core earnings have made good the moderated treasury earnings as evident from a strong growth in our net Interest income".

BIHAR TUBES LIMITED



BIHAR TUBES Ltd., was incorporated in 1986 and is a leading manufacturer and exporter of steel pipes & Tubes,hot dipped & pregalvanised steel tubes,fence tubes,structural steel pipes.
The company is also one of the leading suppliers of hollow section steel tubes to industries like urban infrastructure namely airports,metro,crash barriers,offices and entertainment complexes.

The company inaugurated their new facility in Hosur in tamilnadu and was inaugurated by Mr.S.C.Kalia,Executive Director of Union Bank of India, the company's sole banker.This facility is being built at a cost of Rs.100 crores with capacity of 2,00,000 tpa and will meet the growing demand for steel tubes in the southern market.

Bihar tubes has three plants in the country with an aggregate capacity of 2,00,000 tpa spread over three plants,two near delhi and one near Begaluru.The company has now total manufacturing capacity of 4,00,000 tpa upto a size of 12 inches .The new facility at Hosur has been built with latest machinery from Japan.

Mr.Sanjay Gupta,Managing Director of the company said that,"they are working on developing several products catering to the newer applications in airports,metro network and green houses".

Bihar tubes Ltd., is a listed company ,in BSE. The equity capital of the company is Rs.20.29 crores. The financial figures as on 31.03.2009 is as follows:
(Rs.in crores)
Net sales: Rs.519.36,Net profit:2.54,Reserves: 145.73
The EPS is Rs.4.06,the Book value Rs.83\- The company has declared an interim dividend of 10% by the Board of Directors and the date fixed as record date is:20.01.2010.

For the nine month period ending December,2009, the company has reported net sales of Rs.419.63 crores and net profit of Rs.26.5 crore.The media briefing was done by Mr.Aniq Husain,Director of the company

IS INDIA SECURE ?

It is reported in Certain section of the Media that the Indian Navy
has sent Confidential note to Ministry Of Defence that there is a
possibility of China entering the Indian ocean and the capabilities
of Indian Navy is critically low. If action is not taken now,it is said
that, by 2015,India and Pakistan will have same number of submarines.
Sometime back it is reported that the Indian Army also has said
in a document sent to Ministry Of Defence that our defence
purchases are slow.

Pandit Jawaharlal Nehru once said,"India's future lies in the
Ocean".Hence, Is the government of India taking note of China's
plans?.Recently we read reports that China is grabbing our
territory inch by inch and now there is a report that Chinese
are hacking our system and entered the government's
critical websites.

It is high time that the government of India takes calculated steps
and also inform the citizens about the steps taken to secure the
country.It is not enough if the government's spokesperson says
that" we are seized of the matter". One wonders whether
government is seized of the matter or ceased of the matter.