ILC INDUSTRIES TO SET UP ASIA'S BIGGEST RICE PROCESSING UNIT.

ILC Industries Limited, is setting up a hitech rice mill

in Karnataka which will be inaugurated on 25th of this month.

The Agro Division of the company also intends to establish Two
World class Units Viz: Karatagi Refineries Pvt.Ltd., for extraction
of Rice Bran Oil and Vijayanagara Energy Pvt.Ltd,a power
generation Unit which will generate power out of paddy husk.

This was announced by Mr.K.Somasekhar,Mg.Director of the company.

SBM ANNUAL RESULTS

STATE BANK OF MYSORE ANNOUNCES ANNUAL RESULTS FOR 2009-10

State Bank Mysore announced the annual Results for 2009-10.

KEY INDICATORS:

DEPOSITS: Rs38440 crores registering growth of 18.69%.

ADVANCES:Rs.29874 crores registering a growth of 15.43%.

NET PROFIT: Rs.445.77 crores registering a growth of 32.31%

COST OF DEPOSITS : Declined to 6.01% from6.92%

YIELD ON ADVANCES: Declined to 10.33% from 10.68%

GROS NPA : Increased to 2.0% from1.42%

NET NPA : Increased to 1.02% from 0.50%

The Bank's Board has declared a Dividend of 100% for the year 2009-10.

FORBES BRANDS LAUNCHES 'FACIT' BRAND
OF MEN'S INNER WEAR.

Shapoorji Pallonji's Gokak Textiles Limited launched branded apparel FORBE'S
Brands male inner wear which is youth centric called FACIT. The company has two facilities in Belgaum which can manufacture 5 million pieces. The company has made total investment of Rs.3.50 crores and hope to achieve turnover of Rs.32 crores. The company's products will be sold in 5000 retail stores.

The price range of the FACIT inner wear ranges from Rs.69 to Rs.135 for briefs and Rs.89 to Rs.185 for vests.

Blogger Buzz: Blogger integrates with Amazon Associates

EMAMI BIOTECH LIMITED,part of the Rs.2500 crores diversified Emami group of companies launched Healthy & tasty edible oil,its first food &beverage brand in Bengaluru.

FINANCE MINISTER LAYS FOUNDATION STONE FOR BANK NOTE
PAPER MILL AT MYSORE.

Currency continues to be a dominant means of payment in the
country's economy.The ratio of currency to GDP which was 12
percent in 1951 iscurrently at 13 percent. For a vast and growing
country like India,the indigenisation of the process of
manufacture of currency notes including its various inputs like
like paper,ink etc, is of strategic importance.

In his remarks, the RBI Governor traced the history of paper
currency in India and outlined the significance and the need for
the paper mill.He stated that it was Reserve bank of india's
responssibility as the sole issuer of notes, to make available
to the public good and clean notes in adequate quantity.

FM INAUGURATES RBI-OECD INTERNATIONAL WORKSHOP ON FINANCIAL LITERACY.


To mark the Platinum jubilee year, the Reserve Bank of India, in
coordination with the Organisation of Economic Cooperation and
development (OECD)organised an international workshop on
Delivering Financial Literacy in Bengaluru on March 22,2010.

Dr.D.Subba Rao, Governor,Reserve Bank Of India ,in his opening
remarks said'financial literacy and awareness are integral to
ensuring financial inclusion".

Inaugurating the Two day workshop,the Finance Minister,
Mr.Pranab Mukherjee in his keynote address said that financial
education and literacy could ideally supplement the broader initiatives for an efficient and inclusive transmission mechanisms
and inclusive and integrating the financial education and literacy into the overall endeavour for financial inclusion in a diversified
country like India.

PEPSI BOTTLE NOT CLEANED PROPERLY.

Pepsi is sending bottles without cleaning it properly
as you can observe from the picture given alongside.
Will Pepsi do this in any European country or any
other developed country?. Or Is it okay in India
which is the big market for them as the country has
a population of one Billion People where the laws are
only on the paper.

MANTRI DEVELOPERS LAUNCH INDIA'S BIGGEST MALL.

Mantri Square, at Malleswaram ,Bangalore designed to global benchmarks offers a confluence of the most sought after international brands,largest F&B in a shopping expanse spread over 1.7. million Sq.ft.

Addressing the media,Mr.Sushil Mantri said that they have invested Rs.500 crores and will generate direct employment to about 4600 people.

They also have entered into a joint venture with Bangalore Metro and there will be a Metro station at the Mall which will land directly to the second floor. This project will take 2 years.

LOCKOUT LIFTED AT BOSCH AT NAGANATHPURA PLANT.

Lockout lifted from first shift on 13th March,2010.

Workmen associates agree to restore normalcy.

EDITORIAL

DONOT ERODE RBI'S AUTHORITY.

During the Budget speech,the Finance Minister, mooted the idea
of creating a Financial stability and Development Council chaired by FM himself.This Council will" monitor macro prudential supervision of the economy including the functioning large financial conglomerates and address inter regulatory coordination issues". This may sound a good idea on the face of it, but it creates a suspicion in the minds whether this council may become a Super Regulator in the hands of the bureaucrats in the Finance Ministry.

In the present scenario,Reserve Bank of India, being the central bank, is capable of carrying out the tasks and also advise the Central Government on Monetary policy and there is no requirement of another 'Super Regulator'.

FORD FIGO ARRIVES IN BANGALORE.

OCEANIC CONSULTANTS TO EXPAND OPERATIONS IN BENGALURU.

Oceanic Consultants Australia is an Australia based company that offers a wide range of services to the International education industry. Mr.Naresh Gulati,CEO of the company said that they represent 200 overseas institutions and are now expanding their operations to Bengaluru and Mysore.

Oceanic Consultants offer all the services to the students free of charge and has placed about 9500 students to the various institutions overseas. They offer one stop solution that addresses the all the needs of prospective students ranging from getting admission to student visa to helping students with complete travel arrangements. The website is www.oceanicconsultants.com