Category Archives: Business & Economy

HYSEA office-bearers elected

Business & Economy, Leaders, Nri's / PIO's, Records, All, Science & Technology

Software testing services firm ZenQ founder and CEO Murali Bollu and president-APAC of ValueMomentum Software Services Ravi S. Rao have been elected president and secretary respectively of Hyderabad Software Enterprises Association (HYSEA).

Other members of the new executive committee, for 2018-2020, elected at the 26th annual general body of HYSEA on Friday were Infopeers Solutions CEO Bharani K.Aroll (vice-president); Global Delivery Head BSG and centre head of Tech Mahindra Vijay Rangineni (treasurer); VP international finance of C3I Support Services Padmaja Chowdary (joint secretary). The new president has over three decades of experience in the IT industry, including 13 years in the US, and has been active in the association since 2007, a release from HYSEA said.

Mr. Bollu said the new Committee would like to increase efforts to assist IT SMEs accelerate growth. This would be accomplished through workshops/ events on new business opportunities in emerging technologies and new geographies by exploring funding options to meet their capex and opex needs and by promoting innovations in sales and marketing of their services and products.

HYSEA would like to expand competency development programmes for employees of member companies in leadership and technical skills and plans to start a ‘Biz Series’ to improve business and operational competencies. A new infrastructure forum to address the strategic needs of the industry focused on transportation, green energy and water management would be created, Mr. Bollu added.

A new managing committee, comprising Bipin Chandra Pendyala, SVP of Moschip Semiconductor; Kiran Babu Cherukuri, founder and CEO of Tech Era IT Consulting; Manisha Saboo, AVP and centre head Pocharam Campus of Infosys; Sai Giridhar Chintamaneni, president and CEO of Promantra Synergy Solutions and Gogineni Srinivasa Rao, managing director of FutureTech Information Systems, was unanimously elected. Five more members would be co-opted to the Managing Committee by the Executive Committee, the release said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – May 03rd, 2018

HUDCO awards: two in Telangana’s kitty

Business & Economy, Inspiration / Positive News and Features, Records, All

Special Chief Secretary (Housing) Chitra Ramachandran receiving the HUDCO award from Union Minister Hardeep Singh Puri, on behalf of the Telangana State Housing Corporation Ltd.

2BHK scheme and use of GIS in land mapping clinched it

Telangana government’s innovative initiatives in the housing sector and the Municipal Administration wing has been recognised at the national level, with the Union Minister for Housing and Urban Affairs, Hardeep Singh Puri, giving away awards to the best performing departments on the occasion of HUDCO’s 48th foundation day celebrations in New Delhi on Wednesday.

The Housing Department has bagged two awards, one for its housing designs and layouts, – it had to compete with the private sector and was the only government wing across the country to have got the recognition – which comes with a cash award of ₹one lakh, and the second award for the novel steps taken to give a filip to the two-bedroom scheme.

Special Chief Secretary (Housing) Chitra Ramachandran along with Chief Engineer Satyamurthy and GHMC Additional Commissioner Bharati H took the HUDCO award on behalf of the Telangana State Housing Corporation Ltd. for its outstanding contribution to the 2-bedroom housing scheme.

Commissioner & Director of Municipal Administration T.K. Sreedevi received the HUDCO Award for Best Practices for ‘Use of GIS technology and Land Property Mapping for Revenue Improvement’. Ms. Sreedevi received the award from the HUDCO chairman and managing director M. Ravi Kanth.

Both the awards come with a cash prize of IRs. 1 lakh each, along with the citation.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – April 26th, 2018

GI tag for Warangal dhurries brings hope to weavers

Arts, Culture & Entertainment, Business & Economy, Records, All, World Opinion

Signature style: Warangal dhurries are known for their geometrically repetitive patterns and zigzag motifs.

Marketing the carpets directly can lead to better profits for the struggling sector in Telangana.

There’s a ripple of excitement and sliver of hope in Warangal’s artisan community as word spreads on the Geographical Indication certificate given on March 28 by the Chennai-based GI Registry for Warangal dhurries.

“We had to do all our business through the handloom society. But now, with the GI tag, we will be able to market our products on our own, leading to better profits,” says Adepu Ramesh of Kothawada in Warangal, a crafts-centred location in the city. Only last year, some of the carpet sellers here began using online platforms to sell their products. The shatranji carpets and jainamaaz prayer mats made in Warangal range in size from the smallest 2 feet by 3 feet to a massive 60 feet by 90 feet, examples of which are seen in some museums.

Bright colours, geometrically repetitive patterns and interlocking zigzag motifs in cotton and jute are the signature styles of the carpets.

One of the newest innovations by the weavers here is an adaptation of tie-dyed ikat techniques and hand-painted or block-printed kalamkari designs for the dhurries to save time and energy.

“We weave a plain carpet and send it to Machilipatnam and Pedana [famous for the kalamkari style] for colouring based on the design given by us,” says Mr. Ramesh.

‘No’ for family trade’

It takes two days labour by two expert craftsmen to create a 6 feet by 9 feet carpet that sells for Rs. 2,000. “If the design is intricate or made-to-order then the cost goes up,” says Adepu Ravi, who uses pit looms to weave the carpets.

“I am expecting better business, especially if export orders pick up with the GI tag. Over the past 25 years, business has fallen drastically. I am doing 20% of the business that I was doing back then. I am insisting that my children focus on education rather than the family trade,” says Mr. Ravi.

Interestingly, for the Great Exhibition of 1851 in London, two carpets woven in silk were sent from Warangal. They held a place of pride among over one lakh exhibits, which included the fabled Koh-i-Noor diamond.

Today, the bright red and yellow carpets are housed in London’s Victoria and Albert Museum.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Serish Nanisetti / Hyderabad – April 24th, 2018

City firm rolls out tyres

Business & Economy

A bootstrapped firm in the city has made a foray into the competitive tyre and tube market.

The launch by Neumex follows two years of research, said K. Ravi Shankar, one of its promoters. The company has partnered with a manufacturing facility in Hyderabad from which many automobile OEMs source tyres, he added.

Briefing the media here on Friday, he said Neumex has introduced a range of tyres and tubes for two-wheelers, three-wheelers, small commercial vehicles, light commercial vehicles and farm equipment segment. On the marketing front, Neumex would sett up stores, starting with Hyderabad and Secunderabad.

The company plans to have eight-nine outlets, a mix of own and franchisee-run, in the twin cities this year and expand to the rest of Telangana, Andhra Pradesh and other south Indian States by 2019.

By 2021, it aims to become a pan-India player. The outlets, Mr. Ravi Shankar and management consultant Suprajj Reddy, said would redefine the buying experience of the customers. With regard to the sales targets, they said Neumex has chosen not be in the numbers game, but develop as a brand.

The company would operate through a flat distribution system and a profit sharing equation by partnering with dealers and distributors.

source:http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – April 21st, 2018

Korean consulate office opened in city

Business & Economy, Leaders, Records, All, World Opinion

City bizman is first honorary Consul General

The office of Honorary Consulate General of Republic of Korea was inaugurated in Hyderabad on Friday evening by the ambassador Shin Bong Kil.

Suresh Chukkapalli, a well-known businessman, has been appointed the first Honorary Consul General in Hyderabad.

“Hyderabad has a small community of Korean nationals. But we sense a high potential for better ties between the two nations and this is a step in that direction,” said Mr. Kil on the occasion.

A cultural centre was also inaugurated on the same premises in Filmnagar. “Interested citizens can come and learn Korean language here. We will be asking for a Korean teacher to be deputed here. There are plans for promoting cultural exchange programmes,” informed Mr. Kil.

The Honorary Consulate General Office, located in Film Nagar (Korea House, No. 64, Road No. 14, phone: 23999999/ 24999999), heads a subdivision of the Consulate General office in Mumbai to protect and provide assistance to Korean nationals in Telangana and facilitate trade relations by liasioning between this State and the Republic of Korea.

source: http://www.thehindu.com / The Hindu / Home> News> States> Telangana / by Special Correspondent / Hyderabad – April 21st, 2018

Travelling the road to their passion

Arts, Culture & Entertainment, Business & Economy, Sports, Travel, World Opinion

PathLabs chairman and managing director G.V. Prasad with his son Rakshith starting their 17,000-km bike ride to London from Hyderabad on Thursday.

Father and son duo to ride through two continents and 16 countries in 55 days

A city-based father and son duo embarked on a 55-day-long road trip to London on Thursday.

PathCare Labs chairman and managing director G.V. Prasad along with his younger son, Rakshith, a medical student, commenced their expedition on two bikes, and would cover 17,000 km passing through two continents and 16 countries on the historical silk route.

Dr. Prasad gave voice to his passion to ride two-wheelers on national and international roads three years ago and has so far covered over 96,697 km. He is an active member of Harley Davidson Bikers’ Group and owns 10 super bikes.

“For me, riding is freedom of joy and living the dreams,” Dr. Prasad said.

Mr. Rakshith, who was inspired by his father, said bike-riding taught him discipline, tolerance, sharing, bonding and leadership.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Staff Reporter / Hyderabad – April 19th, 2018

Dindi project named after R. Vidyasagar Rao

Business & Economy, Green Initiatives / Environment, Leaders, Nature, Science & Technology

‘He highlighted injustices done to State in irrigation sector’

The Telangana government has decided to name the Dindi Lift Irrigation Scheme after R. Vidyasagar Rao, a well-known personality in the field of irrigation, who died after prolonged illness on April 29 last year.

Dindi project is meant for supplying drinking water and to meet the needs of irrigation in the fluoride and drought affected areas. According to officials, Chief Minister K. Chandrasekhar Rao signed the file pertaining to the decision on Saturday. The State government has taken the decision ahead of the first death anniversary of the irrigation engineer.

The Chief Minister has instructed the Irrigation Department to call the Dindi project as R. Vidyasagar Rao Dindi Lift Irrigation Scheme henceforth.

“Vidyasagar Rao highlighted the injustices done to Telangana in the irrigation sector. He communicated to people in simple language about the discrimination of Telangana region in irrigation sector and created awareness among them on complicated issues,” the Chief Minister said in a statement.

Apart from playing a key role in the movement for separate statehood to Telangana, late Vidyasagar Rao had created a wider debate on irrigation issues, the Chief Minister said adding that his life’s ambition was to provide safe drinking water to the fluoride-affected erstwhile Nalgonda district and provide irrigation facility to the arid lands in Telangana.

“We are making rapid strides in the irrigation sector in tune with the dreams of late Vidyasagar Rao and naming Dindi project in his native district after him will be a befitting tribute to the personality,” the Chief Minister said.

The Chief Minister also sanctioned ₹1 crore for the renovation of Arvapalli Laxmi Narasimha Swamy temple in the reorganised Suryapet district as wished by Vidyasagar Rao during his last moments of life, the officials of CMO said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – April 14th, 2018

Hyderabad Fest 2018: A timely throwback

Arts, Culture & Entertainment, Business & Economy, Travel

Hyderabad fest 2018 promises holistic appeal Photos: K.V.S. Giri, G Ramakrishna

The ten-day fest will present facets unique to the State across food, films, literature and art forms
Hyderabad is home to many a historical and cultural glory since centuries that it becomes imminent for us to refine the understanding of our roots from time to time- the first of its kind Hyderabad Fest 2018 that commences this weekend at NTR Stadium, Domalguda promises to do that in full jest. Fests surrounding culture are often individualistic in the city, be it music, dance, literature, films and beyond, but this one stands out for its attempt to bring all of it under one roof. Featuring theme-pavilions surrounding tourism, education, public sector undertaking, financial institutions, literature and specific sites catering to cultural performances besides short film fests, art and photography exhibitions, Hyderabad Fest 2018 has it all.

Spoorthi Progressive Society, spearheaded by its honorary chairman Chukka Ramaiah is behind this ten-day fest. One of its organising committee members A Nageswar Rao offers us a larger picture, “The aim behind the fest is to promote the culture of Telangana among its residents. Hyderabad presents itself with a manifold of cultures due to its diversity of religions, castes and rituals. The idea is also to let people know about the progress across different spheres in the State. The fest comprises many segments, also the focus is on public sector undertakings that have had a huge role to play in protecting the sovereignty of the country besides the financial support of the banks and other institutions.”

Cultural performances will be on at specific sites at the stadium everyday including a mixture of western, classical and folk forms. A science fair in memoriam of scientist Stephen Hawking is to be organised too, presenting the multifaceted advancements in the medical and the health sector over decades. As a special attraction commemorating the holiday season, the section ‘Balotsav’ targeted at children will see various workshops across arts, crafts, poetry and essay writing arenas. What’s a fest without food? A wide range of food courts sets it eye on the Telangana palette, with a special focus on pindi vantakalu.

In a bid to generate awareness on rights of women around the state, a stall ‘Sabala’ will feature many success stories of women and aspects that have lead to their progress in due course. A short film festival will celebrate the talents of budding, aspirant filmmakers across the state, the organisers have recently hosted a contest to shortlist the entries for the same. Film personalities including L B Sriram, Srikanth, Rajendra Prasad, Kasi Vishwanath will grace the fest.

As a mark of tribute to Charlie Chaplin on his birthday i.e. April 16, the organisers will screen his select films and host various events that throw light on facets that shaped the genius’ career. A photography exhibition featuring caricatures/portraits of Dasaradhi Rangacharya, C Narayana Reddy, Kaloji and other notable literary figures from Telangana promises to attract crowds. “The culture of Hyderabad has been confined to limited aspects, we want to do our bit to expand it. Having conducted similar fests in Visakhapatnam in 2015 and 2017, we’re sure about its success here too.”

(Hyderabad Fest 2018 commences at NTR Stadium on April 13, 5 pm and is on till April 22, 2 pm- 9 pm on weekdays, 12 pm- 9pm on weekends, Entry free)

e-NAM turned Nizamabad yard model for entire nation

Agriculture, Business & Economy, Records, All

Award for efficiency: Irrigation and Marketing Minister T. Harish Rao opening the Sadhimoota scheme at agriculture marketyard in Nizamabad on Tuesday. | Photo Credit: K_V_RAMANA

Marketyard received the e-NAM award from Prime Minister

Irrigation and Marketing Minister T. Harish Rao said the Nizamabad Marketyard ranked number one in the country by extending the best and prompt services to farmers. It received the best e-NAM award from the Prime Minister for its performance, he said here on Tuesday.

After laying the foundation for Karmika Bhavan and opening Sadhimoota (lunch) scheme at agriculture marketyard he told farmers that the TRS government had aimed at providing total assurance to farmers by completing irrigation projects and strengthening the marketing system.

He said e-NAM made the trading system transparent and weighing produce easy. Over 70,000 turmeric bags could be weighed in a single day and be traded nationwide with the help of the system. It was possible with the concerted efforts of all the people, he said adding that no other marketyard had a rest house for women.

“I am very happy to launch the Sadhimoota scheme which provides lunch for just ₹5 to farmers. We need to satiate the hunger of farmers who provide food to all. The district will become green with crops all through the year if the ongoing projects are completed,” he added.

Mr. Harish Rao said that allotment of ₹12,000 crore in the budget for the welfare of farmers was an indication to say that Chief Minister K. Chandrasekhar Rao was committed to the cause of their welfare. The ₹5 lakh insurance for every farmer would be a great support to their families. Being jealous of various welfare schemes introduced for farmers and quick completion of irrigation projects the Congress party was trying to stall them, he alleged.

The Minister assured all possible help from the Government to the oustees of Manchippa Reservoir, whose storage capacity is being increased to 3.5 tmcf. He said red jowar was purchased with ₹100 crore and blackgram, redgram and bengalgram was procured spending ₹14 crore.

Member of Parliament K. Kavitha, MLAs B. Ganesh Gupta, B. Govardhan, A. Jeevan Reddy, MLC V.G. Goud, mayor Akula Sujatha, market committee chairperson K. Divya, Collector M. Ram Mohan Rao and joint collector A. Ravinder Reddy were present.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Nizambad – April 11th, 2018

City solar firm completes 640 KW projects in Manipur

Business & Economy, Green Initiatives / Environment, Science & Technology

Solar energy solutions provider Freyr Energy has completed 640 KW solar rooftop projects in Manipur.

Announcing this, a release from the Hyderabad-based firm on Wednesday said the list of projects include off-grid 100 KW battery-powered systems. The inverter maximises solar power generation and helps stabilise power from the grid. It also has the functionality to smartly optimise and export solar power when the cost of grid power is at its highest, and draws power when it is low. The system helps withstand power fluctuations and guarantees power round the clock and can also be monitored remotely, the company said.

Co-Founder and Managing Director of Freyr Energy Saurabh Marda said the projects were completed within the stipulated timeline of six months. The projects include four 100 KW system each in City Convention Centre, Interstate Bus Terminus, National Sports Academy Hostel in Imphal and at the Central Agricultural University. The project supports the Khwairamband Bazaar through a 50 KW system, which is incidentally, the world’s only all-women marketplace and one of Imphal’s main tourist attractions. The systems were installed at various government buildings after the company bagged the tender from the Manipur Renewable Energy Development Agency, the release said.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Special Correspondent / Hyderabad – April 05th, 2018