Category Archives: Business & Economy

Progress Software turns incubator

Progress Software on Tuesday got into a new role of external incubator with the opening of a 23-seater, 1,600 sq ft facility on its Hyderabad campus. It is the first such facility in the corporate sector and will host four start-ups initially. Going forward it can take two more.

At the inauguration, the software firm announced RiskEdge and DoConf have signed contracts and become the first set of occupants of the Progress Pacific Incubator.

Briefing presspersons, Progress Software India managing director Ramesh Loganathan said the selected start-ups were expected to develop products on Progress products.

“If they are successful, we get licence revenue,” he explained, adding the incubator will not take equity stake in the start-ups. Such investments, he said, may be considered only after the proposed fund of Progress for start-ups is launched.

The pilot programme runs in six months cohorts, Mr.Loganathan said, adding apart from the infrastructure, Progress engineers will be available for the start-ups to provide domain expertise, mentoring and access to markets. The incubator programme, a release said, will be extended to universities and institutions in the next phase.

Progress EVP and CIO Dave Benson said depending on the success of the Hyderabad model the company may replicate it at its engineering locations, which includes Boston, North Carolina besides Sofia in Bulgaria, where it recently acquired a firm, Telerik AD.

“It is a great initiative,” declared Nasscom vice chairman BVR Mohan Reddy and described start-ups as crucial to the economy, particularly as job creators.

IIIT Hyderabad Director P.J. Narayanan said for the benefit of students setting up start-ups the Institute has introduced a deferred placement programme. Such students, in the event of the venture not clicking, remain eligible to participate in campus recruitment after three years.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by N. Ravi Kumar / Hyderabad – February 24th, 2015

Now, buy Telangana handicrafts online

Online marketplace for Pochampalli saris, Bidri ware, Nirmal handicrafts

From the famous Pochampalli saris to the intricate Bidri ware, products and handicrafts for which Telangana is popular are likely to get a space on e-commerce giant Amazon’s platform.

It is learnt that “Amazon has responded positively” to a request IT Minister K.T. Rama Rao made on Wednesday to a visiting delegation of the company for an online marketplace to promote the State’s handicrafts. The items he wanted to be showcased included the famous Nirmal range of handicrafts as well.

The delegation, led by Amazon global director and head of real estate and facilities John Schoettler, said an action plan would be evolved for promoting Telangana’s handicrafts. The company also decided to set up a warehouse in Hyderabad as part of its expansion plans.

A release from the Minister’s office said prior to the construction of the facility, Amazon intends to start operations from a leased premises in about two months.

Online marketplace for Pochampalli saris, Bidri ware, Nirmal handicrafts

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – February 05th, 2015

SBI Hyderabad turns 50, honours employees

The State Bank of India’s Hyderabad circle ushered in its 51st year of existence by honouring those who were employees at the time of its inauguration in 1965.

The bank’s golden jubilee celebrations held on Sunday saw the participation of 108 employees who worked in the circle during its formative years, and later rose to occupy senior positions in the organisation.

SBI Hyderabad’s chief general manager C.R. Sasi Kumar said the circle had grown manifold since its inception 50 years ago. “We started off with 67 branches and 1,302 employees. Today, the Hyderabad Circle has 1,406 branches and ore than 14,000 employees,” he said, remarking on the growth of the circle in the last five decades. While it had deposits of Rs.17 crore and advances of Rs.8.62 crore then, it now boasted of Rs.77,000 crore in deposits and Rs.62,000 in advances, Mr. Sasi Kumar said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / Staff Reporter / Hyderabad – February 03rd, 2015

Gubba Group launches Germplasm Bank

First such bank in the private sector to help preserve seeds

A Germplasm Bank for use by seed companies, farmers, scientists and research institutions is the latest business venture of Gubba, a Hyderabad-based Group specialising in cold storage services.

Announcing the launch of the bank established with an investment outlay of Rs. 4 crore, senior members of the management team led by the Group CEO, Gubba Kiran, on Wednesday said it was the first such facility in the private sector in India. It has two vaults that together offer 107 lockers in which Germplasm will be stored for five to 40 years under minus 20 degree Celsius. Explaining the process, Gubba Prashanth, Research and Technical Head, said on receiving the Germplasm seeds, it is sent to the laboratory to record the details and create a database. This is followed by x-ray analysis, cold drying, packing and preservation. The stored material will be subjected to quality checks periodically.

In tune with its role of custodian of the seeds, for which it will charge monthly rentals in the Rs. 20,000 – Rs. 25,000 band per locker, the company, he said, assures high levels of confidentiality of the database. Unless permitted by the customer, the information would not be shared, he added. A few lockers will be provided free of cost to individuals and NGOs working in the area of seed preservation. The facility over time is expected to generate and provide new scientific knowledge and information on ecosystems, species and genes.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent/ Hyderabad – January 29th, 2015

Awards Given Away to RTC Bus Drivers for Saving Fuel

Transport minister P Mahender Reddy presenting the first best KMPL award to Khammam depot driver Ch Papi Reddy at RTC Kala Bhavan in Hyderabad on Wednesday | EXPRESS Photo
Transport minister P Mahender Reddy presenting the first best KMPL award to Khammam depot driver Ch Papi Reddy at RTC Kala Bhavan in Hyderabad on Wednesday | EXPRESS Photo

Hyderabad :

‘’We will carve Telangana State Road Transport Corporation in such a way that its model will be followed by the rest of the transport departments in the country,’’ transport minister P Mahender Reddy has said.

APSRTC, in collaboration with Hindustan Petroleum Corporation gave away awards to the best HSD (High Speed Diesel) KMPL drivers, Protective Journey Driving Instructors (PJDIs), Safety Driving Instructors (SDIs) and mechanics of Telangana at APSRTC Kala Bhavan here on Wednesday.

The awards were given to 97 drivers, instructors and mechanics from the state for using the fuel efficiently and maintaining a noteworthy KMPL. The highest KMPL of 7.92 this year was recorded by Ch Appi Reddy of Khammam district, who thereby saved 4,418 litres of HSD.

Speaking on the occasion, the transport minister urged all the drivers to try their best to conserve fuel. ‘’Today, we spend as much as `1,150 crore per annum on diesel alone. Hence, conserving fuel and using it carefully should be a regular practice,’’ he said. He lauded the efforts of the award winners and also encouraged the fellow drivers to be pro active in fuel conservation.

‘’To make the road transport service accessible to every nook and corner of the state, the chief minister has allotted ` 500 crore for improving roads in the districts,’’ he said.

Among those present at the event include N Sambasiva Rao, vice-chairman and managing director, APSRTC, Ramana Rao, joint managing director, TSRTC.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Telangana / by Express News Service / January 29th, 2015

Getting the Royal Look

RoyalMPOs22dec2014

Hyderabad :

The bylanes of Charminar have series of shops offering Zardozi work. Most of them have been running the show for the past thirty to thirty-five years.

Stopping by Mohammed Haji at Laad Bazar, the artist, Mohammed Haji himself sits on the floor behind the wooden equipment working on a piece of cloth, held taut with two long pieces of wood and thread to enable him to work easily.

“Though in the beginning of my career, I used to do a lot of work on sarees, I mostly work on blouses now as people these days like heavy blouses,” says the 24-year-old, who started designing when he was in school.

Not being a family business, he got into the craft full-time after his class VII. “I started with helping my brother Mohammed Latif in my childhood as my mother would not like me wasting time. She asked me to pick up the skill as it would make a good source of income in future. I later dropped the idea of continuing schooling,” clarifies Haji.

He now has set up a separate workshop for himself in Laad Bazar and works along with one of his helper.

He says, “The way sarees are pre-designed these days has changed the fashion style.”

Today, we can witness a blend of the past with the present, the old with the modern. Zardozi has become a well-known and fashionable hand embroidery. “Earlier people would prefer heavy zardozi sarees. But now its limited to blouses only. Which in turn is affecting our income,” he rues.

The Zardozi work has not only kept up with modern embroidery but is also booming.

Ranging from gold to silver to the metal one, the craft though has changed with the passing time, Haji is more focussed on using the metal one, which he blends with zari, kundan, lace, chain, beads and resham threads. “But zardozi is what completes the design,” he informs.

Speaking about designs, he says, “Peacock and mango are the most popular designs which people prefer these days. They come up with their own designs. Sometimes if the customer has no idea about the design, I suggest them as per their material and the occasion. They add their own ideas to it and that’s how we brainstorm.”

Budget plays an important role while deciding design he says.

As his workshop is on first floor, there is not much footfall there so he generally picks orders from a nearby boutique.

The materials used to do the embroidery are bought from the city market.

The smallest work takes a day to be completed. “Gold, silver and antique Zardozi is in vogue now. Along with that, people also prefer using coloured ones,” explains Haji.

Each piece is charged as per the design and the materials used for embroidery. The quality check of the Zardosi, Haji says comes through years of experience.

The Zardosi works can specify patterns and motifs to suit their budget and choice. “Normally for a blouse we charge anywhere between `1,000 to `5,000. But for bigger works we charge more,” says Haji.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Pratima Shantaveeresh / December 22nd, 2014

Telangana IT Minister Addresses Investors’ Meet in Dubai

Hyderabad :

Telangana IT Minister K T Rama Rao today explained new industrial policy and various “advantages” associated with investing in the state at the ‘investors meet’ held in Dubai.

Rama Rao, who is leading a state delegation, addressed over 100 investors at the event organised by FICCI in cooperation with the India Business and Professional Council (IBPC), Dubai and Consulate of India in Dubai.

“At the meet, new industrial policy was explained. The special advantages like abundant land availability, fast track clearances, additional incentives that are offered in Telangana were discussed in detail,” a state government release said here.

Many of the investors showed “tremendous interest” in investing in Telangana, it said.

“Most of them have interest in sectors like textiles, food processing, mineral-based industries, biotechnology and other general engineering. A few investors have also shown interest in infrastructure development in industrial parks and industrial townships,” the release said.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Telangana / by PTI / December 15th, 2014

Carved into Life

Hyderabad :

A few years ago, some schools offered this subject called woodcraft. What it involved was making beautiful carvings out of wood and wood shavings. However, they did tend towards the more mundane and look much like the unpainted carvings sold on the roadside in various shapes of jugs, birds, toys even.

City-based Apoorva Prasanna decided to take the ‘mundane’ out of the craft and turn it into something quirky and distinctive.

ApoorvaTELANGANA04dec2014

Having left her corporate job, Apoorva Prasanna found her calling in woodcraft with a twist with her ‘The Artwala Project’ started in September this year. Bright, colourful and quirky products made from wood is what you will get in her project. With a keen eye for detailing and creating unique products as her motto, Apoorva has slowly been building a steady clientele ever since she started. “I had made a moustache key holder and painted it in a bright shade which was really liked by my friends. While I was initially hesitant to take up making products like this fulltime, I did so later on with my friends encouragement,” says Apoorva.

ArtsofApoorvaTELANGANA04dec2014

Beginning with small things like keychain holders, trays in varied shapes like cassettes, mustaches, handbags painted in vivid hues of red, blue and yellows, she soon branched out into photo frames, jewellery holders, cupcake stands, vases, handmade wedding cards, Christmas banners and so on. “Mostly people like to add their inputs when they place the order but I do keep a few readymade products on hand which can be delivered immediately,” adds Apoorva, who works with different types of wood.

Displaying her merchandise at flea markets at cultural spaces in the city has also gotten her a lot of mileage with orders pouring in each week. “Flea markets and my work with an NGO, The Indian Impact, where the proceeds from the sale went to charity did a lot in terms of spreading the word,” opines Apoorva.

Orders are aplenty these days for the 24-year-old, who is kept busy throughout the week, for the wood-cutting she has a hired help who cuts the wood in the design she wants, with the painting being done by her. Depending on the order, it takes her two-three days to complete the product, more if customisation is required.

Price range is between `250 to `1000.

Details: www.facebook.com/theartwalaproject

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Express Features / December 04th, 2014

Treat for Rosarians

Hyderabad :

Rose lovers have another reason to celebrate as the The Indian Rose Federation and Hyderabad Rose Society together are organising 3rd World Federation of Rose Societies Regional Convention in the city. During the event, around 800 varieties of roses will be displayed. The purpose of the convention is to inform people about the wide varieties of roses available in the country, informs Ahmed Alam Khan, President of Indian Rose Federation. “This is the first time such convention will be held in India,” he adds.

Rosarians from around the country will be presenting the flowers they grow in their convention. “A competition will be held where they will be judged on the quality of their flowers. Apart from the competition, technical sessions will be held at the convention where they will be informed about how to good quality roses, increase their shelf life, etc,” he says. Ikebana, Japanese pattern of arranging flowers will also be taught during the convention.

The theme of the convention is ‘New Light on the Old World of Roses’. “Around 98 per cent of roses exported in the world is by Israel. But India also has the potential to have good market in exporting roses. Through this convention, we aim to encourage the rosarians to develop good quality of roses. People from the city are encouraged to visit the show to gain more knowledge about roses at the event.

The event will be held from November 29 to December 2 at HICC between 11 am to 5 pm.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Hyderabad / by Express Features / November 14th, 2014

Palair has all the makings of a hub

A fisherman throwing a net in pursuit of fishing near Palair in Khammam District. Photo: G.N. Rao / The Hindu
A fisherman throwing a net in pursuit of fishing near Palair in Khammam District. Photo: G.N. Rao / The Hindu

Telangana government plans to make it a centre of cage fish culture. There are around 14,000 members enrolled in as many as 184 fishermen cooperative societies in the district.

The Palair balancing reservoir, a major hub of freshwater fish and prawn culture in Kusumanchi mandal, is likely to turn into a centre of cage fish culture if the plans of the Telangana government to give a major thrust to fish culture in the new State are any indication.

Thanks to its abundant water resources, the district earned a niche for itself in fish and prawn production in the entire region.

According to sources, the fish production and fresh water prawn production in the district is estimated to be over 16,000 MT and 500 MT respectively.

There are around 14,000 members enrolled in as many as 184 fishermen cooperative societies in the district.

Apart from feeding the ayacut under the Nagarjunasagar left canal system, the Palair balancing reservoir is also catering to drinking water needs of Khammam town.

The reservoir is also serving as a sole source of livelihood for over 1,000 fishermen of Kusumanchi and its adjoining mandals.

A total of 15 members of the Palair based fishermen societies have been selected for an exposure visit to Jharkhand to study the cage fish culture.

The Fisheries Department has selected them for the tour to familiarise them with the cage fish culture method being followed by the local fishermen at Chandil reservoir in Jharkhand.

Minister for Fisheries Pocharam Srinivas Reddy and Minister for Finance E Rajender have recently visited the Chandil reservoir to study the feasibility of promoting the cage fish culture in Telangana.

A 15-member team of fishermen headed by a Fisheries Development Officer will tour Jharkhand for three-days from November 21 as part of an exposure visit to explore the possibilities of adopting the cage fish culture in the district, said V Srinivas, Assistant Director, Fisheries, Khammam.

source: http://www.thehindu.com / The Hindu / Home> News> National> Telangana / by P. Sridhar / Khammam – November 20th, 2014