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September 2014

Startup Village gets huge boost with replication in Andhra Pradesh

Sanjay shaking hands with hon'ble CM Shri Nara Chandrababu Naidu after signing the MoU

New Delhi / Kochi, Sept 30: Moving beyond the Kerala shores, Startup Village made a triumphal march into Andhra Pradesh by bringing the unique technology incubator to the state and validating its mandate to foster entrepreneurship and the culture of innovation in the country. The Andhra Pradesh government inked an MoU with Startup Village at Visakhapatnam yesterday to create 1000 startups over the next five years in the state.

The MoU, initialled by Startup Village Chairman Sanjay Vijayakumar and Mr. Sanjay Jaju, Secretary, Information Technology and Communication, Andhra Pradesh government, makes Andhra Pradesh the second state in the country to have a startup village for creating a vibrant entrepreneurial ecosystem and a world class incubation facility at Visakhapatnam.

Startup Village will launch Rasberry Pie programme for school children and startup boot camps in engineering colleges towards creating a strong foundation to achieve the objective of creating 1000 startups in Andhra Pradesh.

“It is a huge endorsement of Startup Village, India’s first telecom and Internet incubator which is making determined efforts to build a Silicon Coast in the country,” said Mr. Vijayakumar (30), who is also CEO of MobME Wireless, the country’s first campus startup.

Chief Minister N. Chandrababu Naidu, who inaugurated the startup project on the PPP model, known as Technology Research and Innovation Park (TRIP), praised the Startup Village at Kochi.  TRIP is a world class facility spread over 17,000 sq ft at the IT layout, Madhurawada in Visakhapatnam.

“Startup Village is a nation-building activity to create a startup ecosystem so that the youth in the nation can create new opportunities brought by the Internet revolution. It has changed the mindset of Keralites from being job-seekers to job-creators and this mindset change is unbelievable” he said.

Conveying his deep appreciation for the Startup Village model, Shri Naidu said he was convinced that the model would be replicated completely in the new state of Andhra Pradesh for creating an entrepreneurial culture.

 “Even if you fail, I want you to keep attempting till you succeed. The government will completely back risk taking by youth to create new jobs, knowledge and wealth in the society,” Mr. Naidu told the over 200 students who were present. He also announced to personally take the 15 bright student entrepreneurs found out through the Sunrise Startups Programme to the Silicon Valley. Mr Vijayakumar said Startup Village is a unique PPP model that creates the entire gamut of startup ecosystem, including world class policies, infrastructure, incubation, Silicon Valley landing pad and angel fund for young startup companies to Build, Break and Innovate on their ideas and create successful product companies.

“The incubator model, which has created significant changes in the entrepreneurial climate of Kerala, especially amongst the youth, will work with a broad spectrum of stakeholders, including universities, colleges and students along with industry and private partners, to build a world class startup ecosystem in Andhra Pradesh,” he noted.

Startup Village CEO Pranav Suresh said the replication of Startup Village in Andhra Pradesh would give a fillip to its pioneering efforts to create entrepreneurs straight from college campuses.

“The successful and homegrown businessmen from Andhra Pradesh have shown their willingness to share their experience and wisdom as Patrons and Mentors. It will give an impetus to the culture of innovation and entrepreneurship in the state,” he said. “India needs many such facilities where young students can dream about building a new future.”

Mr. Kris Gopalakrishnan, Co-Founder of Infosys and Chief Mentor of Startup Village who attended the event as Special Guest, recounted that Infosys was started in a rented flat when the founders were young as there was no risk. “The youth have to take advantage of new opportunities,” he added.

Startup Village has the stated goal of finding a billion dollar campus startup from India within the next 10 years.

The biggest advantage of Startup Village is that its carries the experience of having attracted over 5000 applications and incubated more than 700 companies of which 256 are student startups. “This experience of creating an entrepreneurial culture is unparalleled in India and Visakhapatnam has become the second location to have a Startup village after Kochi,” he noted.

Enhanced the world class experience at Kempegowda International Airport

Caption-  Mr.Mohan Limbu,Country Manager,PPL India, Mr.Dinesh Jhunjhunwala,Director,Boyance Infrastructure Pvt Ltd, Mr.Hari K Marar,President-AO, BIAL, Mr.Song Hoi-see,Founder and CEO PPL (1)

 Bangalore, September 29th, 2014: Plaza Premium Lounge Management Limited, the pioneer and industry leader in providing Premium Airport Services, introduces its “First Transit Hotel” in Bengaluru – the Day Hotel by Plaza Premium Lounge in Domestic Departures at Kempegowda International Airport.

Day Hotel-Reception Area-1at Kempegowda International Airport

Unlike other hotels, the Day Hotel by Plaza Premium Lounge is a short stay hotel located within an airport terminal with a flexible hourly rate payment offering. It allows travellers to rest during long transits or extended waits between flights.

The new hotel will join the two recently opened Plaza Premium Lounges in Bengaluru to further enhance the world class service at Kempegowda International Airport, providing comfort, convenience and value to all travellers. With easy access from the Domestic Departures check-in area, the Day Hotelis set to impress travellers with its cosy rooms, modern décor and excellent services.

Equipped with 20 rooms with different configurations, including single rooms, studios, twin rooms and family suites, the Day Hotel has been designed to cater to the needs of all travellers, whether they are seeking a relaxing sleep, refreshing shower, soothing massage, or simply want to catch up on work in a private space away from the hustle and bustle of the airport. All the rooms have complimentary Wi-Fi connection, desks, a comfortable bed, storage space, international newspapers and magazines, TV channels and hot shower with amenities. In addition, premium organic massage services as well as a range of Indian and international dining options are available.

Designed by Australian Architect Mitchel Squires from MSA, the Day Hotel features a natural yet stylish ambience with combinations of soft and warm lighting, lush greenery and earthy timber. It provides a comfortable hotel experience in the midst of a bustling airport.

“We are excited to continue our partnership with Bangalore International Airport Limited to develop the facilities at Kempegowda International Airport, and we commend our partner for their vision for growth of the airport in Bengaluru. As the pioneer and industry leader, we are committed to providing Premium Airport Services by way of innovation, and we are confident that our new facility will add to the landscape and make the travel experience better for passengers flying to and from Bengaluru.” said Mr Song Hoi-see, Founder and CEO of Plaza Premium Lounge Management Limited. ”

“Kempegowda International Airport, Bengaluru is a reflection of the city and has a distinct passenger profile emerging from its reputation of being a business destination and start up capital. Availability of a Day Hotel is of very high significance to this audience as they transit frequently for shorter durations. We are glad to have made this service a reality within the terminal building together with our partner- Plaza Premium Lounge Management Limited. This new service addition ranks high in establishing Bengaluru as a Gateway to South India” said Mr. G V Sanjay Reddy, MD, Bangalore International Airport Limited.The new Day Hotel brings Plaza Premium Lounge Management Limited’s India offering to 13 facilities.

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TOBACCO FREE KARNATAKA

New circular from DGP and DG, Karnataka State Fire and Emergency Services mandating COTPA section-4 compliance for all high rise/low rise buildings, industries, restaurants, theaters, amusement centres and circus centres to receive NOC from fire department.
For more details call: Dr. U. S. Vishal Rao, Director, Cancer Prevention Project – Institute of Public Health and National Executive member – Federation of Head & Neck Oncology.
Contact Number: 9739774949.

INDIA’S 100 RICHEST ON FORBES LIST ARE ALL BILLIONAIRES

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INDIA (September 25, 2014)For the first time, the top 100 richest tycoons in India are all billionaires, according to the latest Forbes rich list. The combined net worth of India’s 100 wealthiest is US$346 billion, up more than a third from $259 billion in 2013. The complete list is available at www.forbesindia.com and in the latest issue of Forbes India available on stands from 30th September.

Naazneen Karmali, India Editor of Forbes Asia, said: “In 2014, India’s outlook has moved very quickly from gloom to boom. The new federal government’s mandate for change has sparked euphoria in the stock market causing a seismic shift in Indian wealth this year. Hopefully these gains are real and will be sustained as the economy revives and India fulfils its potential.”

India’s stock market has scaled new peaks gaining 28% since January this year, though the economy, which grew at 5.7% in the last quarter, has yet to catch up.

Mukesh Ambani tops the list for the eighth consecutive year with a net worth of $23.6 billion, up $2.6 billion from last year. Dilip Shanghvi, founder of Sun Pharmaceutical Industries, India’s most valuable drug maker, is the new No. 2, overtaking steel baron Lakshmi Mittal, who slips to fifth place.  Sun Pharmaceutical’s shares surged after it acquired rival Ranbaxy Laboratories from Japan’s Daiichi Sankyo for $4 billion in April. The 59-year old Shanghvi saw his fortune rise by $4.1 billion to $18 billion.

Moving up one notch to No. 3 is Azim Premji, whose net wealth increased to $16.4 billion from $13.8 billion previously. In July, his tech firm Wipro set up a $100 million venture capital fund to back startups led by his son Rishad.

The biggest dollar gainer is ports magnate Gautam Adani, who jumped 11 spots to No. 11 adding nearly $4.5 billion to his wealth which reached $7.1 billion on soaring shares of his companies. Adani has been on a buying spree: he bought a port in eastern India from the Tata Group for $900 million and agreed to pay $1 billion for a power plant in southern India.

As many as 85 of the 89 who returned to the top 100 from last year are wealthier, and several are billionaires for the first time. Among them are Qimat Rai Gupta (No. 48, $1.95 billion), chairman of Havells, the world’s fourth-largest lighting company; V.G. Siddhartha (No. 75, $1.27 billion), founder of the Café Coffee Day chain, India’s Starbucks; and brothers Sanjiv (No. 69, $1.4 billion) and  Harsh Goenka (No. 82, $1.18 billion), who runs RP-Sanjiv Goenka Group and RPG Group respectively.

Sourav Majumdar, Editor, Forbes India, added: “With the stock market on a bull run and renewed optimism in the air, this year’s list is an all-billionaires list. The good news is the distribution of wealth among the 100 continues to be broad-based, and is not just concentrated at the top of the heap. The power of Indian enterprise continues to grow stronger, despite the odds.”

There are eight newcomers on this year’s list: Amalgamations Group family (No. 47, $2 billion) comprise the families of the four children of the late founder S. Anantharamakrishnan; brothers Dilip & Anand Surana (No. 73, $1.3 billion), who run Bangalore pharma outfit Micro Labs; Hasmukh Chudgar (No. 80, $1.2 billion), founder of Intas Pharmaceuticals; real estate tycoon Surendra Hiranandani (No. 83, $1.17 billion); jeweler T.S. Kalyanaraman (No. 87, $1.13 billion); Macleod Pharmaceuticals’ Rajendra Agarwal (No. 90, $1.1 billion); Dubai-based Aster DM Healthcare’s Azad Moopen (No. 95, $1.05 billion); and stock market veteran Radhakishan Damani (No. 100, $1 billion).

The biggest loser this year is Indus Gas founder Ajay Kalsi (No. 85, $1.15 billion), who lost $1 billion after the government stalled an increase in the nation’s natural gas prices.

The minimum amount required to make the list was $1 billion, up from $635 million in 2013. With a record minimum net worth this year, 11 from last year fell off, including tycoons Brij Bhushan Singal and Vijay Mallya.

 The top 10 richest in India are:

1)      Mukesh Ambani; US$23.6 billionmukesh-ambani_0_0_0_0_0

2)      Dilip Shanghvi; $18 billiondilip_shanghvi_600x450

3)      Azim Premji; $16.4 billionazim-premji

4)      Pallonji Mistry; $15.9 billionjdqo2tiigcasi

5)      Lakshmi Mittal; $15.8 billionlakshmi_mittal

6)      Hinduja brothers; $13.3 billionHinduja-Brothers

7)      Shiv Nadar; $12.5 billionshivnadar505_082712033318

8)      Godrej family; $11.6 billion17

9)      Kumar Birla; $9.2 billionKumar-Mangalam-Birla

10)   Sunil Mittal; $7.8 billionsunil-bharti-mittal_505_041012124520

This list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges, analysts and India’s regulatory agencies. The ranking lists family fortunes, including those shared among extended families such as the Godrej and Bajaj families. Public fortunes were calculated based on stock prices and exchange rates as of September 12. Private companies were valued based on similar companies that are publicly traded.

Smart City

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Government plans to develop 100 smart cities by 2022. In the Budget, the Finance Ministry has allocated Rs 7,060 crore for developing these smart cities.

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Hebron Properties launches “Le Lexuz Stoneview” in North Bangalore ~Luxury homes within your reach~

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Bangalore, September 18th 2014: Transforming itself as the new Bangalore with corporate giants eyeing torrential investments in the realty development, the North Bangalore is assured to be the next Commercio-residential hub of Bangalore. Given its enhanced connectivity and proximity to the Kempegowda International Airport, this region of Bangalore holds immense potential for an urban solace of living.

Today, North Bangalore is considered to be the most sought after realty destination where top-notch IT/ ITES, Real Estate, Infrastructure, Aviation, Healthcare and Education firms find a footing. As the Government is on the verge to launch its landmark projects, in tandem with increasing growth and demand, this region is poised for a takeoff. The completion of Namma Metro that connects the new Bangalore to the rest of the city fuels the boom.

In the pace to further redefine the region, Bangalore-based luxury real estate player, Hebron Properties Pvt. Ltd., today announced the launch of its new luxurious yet affordable project “Le Lexuz Stoneview”. With this, the company widens its customer reach and makes its first entry into the mid-market segment after the phenomenal success of its two maiden luxury projects in the city.

Sprawled over 20 acres and strategically located at Devanahalli, in North Bangalore, this integrated residential township, offers two types of housing options- Villas & Villa Plots. Poised to fulfill the aspirations of urban couples, who are working in and around the surrounding tech parks, Le Lexuz Stoneview offers excellent and comfortable environment with opulence.

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Elated at the new launch, Mr Preenand Premachandran, CEO, Hebron Properties (P) Ltd., said, “Over the years, the real estate space in north Bangalore has seen tremendous development which is complemented by planned social and physical infrastructure. Keeping in mind the infrastructure augmentation in the area and increasing demand for comfort living, we are happy to announce “Le Lexuz Stoneview”. With this new project, we continue to bring with it a “Life-In-It” feel. Tucked away in contemporary and state-of-the art driven designs, the property comes at an affordable price.”

Amidst the backdrop of the elegant and ancient monolithic “Nandi Hills”, this BIAPPA approved iconic project comprises of 202 plots, starting from 1575 sq ft and goes up to 5400 sq ft. With numerous world-class amenities, such as a 10,000 sq ft Club House, Swimming Pool, Dedicated Jogging Tracks, Designer Landscaped Gardens, Fully-equipped Gymnasium, Children’s Play Area, Tennis Courts, Table Tennis. This is indeed a City within urbane setting. On infrastructure development front, the township has Underground Cabling (Power, Data, etc), UG Electrical Cabling, Water and Sewage Lines, Cobble Stone walk-way, Sewage Treatment Plant, Rainwater Harvesting Facility and many more on the list. In addition, Hebron Properties ensures to undertake the maintenance of Le Lexuz Stoneview for the first five years.

Just a 15 minutes drive from Hebbal Lake towards Bangalore International Airport, Le Lexuz Stoneview is in close proximity to life’s most important needs like office space, well-known International Schools & Colleges, Knowledge Parks, Golf Courses, Sports & Entertainment Centers and Healthcare Institutions.

Le Lexuz Stoneview sets a benchmark in the Group portfolio as well as in the real estate market of North Bangalore. Its creation revolves around offering a whole new standard of living homes at prices within reach to the first-time buyers, luxury home seekers and especially, young families.

Brigade Group is one of ‘India’s best companies to work for 2013-14’

Great Place to work photo

Bangalore, September 15, 2014: Bangalore-based Real estate major Brigade Group has  been awarded as one of ‘India’s Best Companies to Work For 2013 -2014’. The award was given by Great Place to Work Institute, a global research, consulting and training firm.

Brigade Group has won this award for the fourth consecutive year. The realty major was ranked among the top 100 across all industries and the second in the real estate industry.

Commenting on receiving the award, Mr M R Jaishankar, Chairman and Managing Director, Brigade Group, said, “The award  recognizes our employee centric initiatives and practices we have put in place at Brigade Group. And it is noteworthy that we have been chosen as one of India’s Best Companies to work for in 2014 for the fourth consecutive year.”

Ms Preeti Malhotra, Practice Head, Great Place to Work Institute, Mumbai, presented the award to the Brigade team at a function held at the Experience Centre, World Trade Centre – Bangalore. For more information about Brigade Group visit www.BrigadeGroup.com

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Located on National Highway 7 (Hosur Road), Electronics City or Electronic City is a Panchayat Town in AnekalTaluk of Bangalore. Like most of its neighboring localities, Electronic City better known as ECity is an IT dominated industrial park. Prominent MNCs (Multinational Companies) like Siemens, Wipro, Infosys and Intel have their base here. Rapid infrastructure development and great connectivity are some of the factors that are fueling the realty demand here. Connected to major parts of the city via BMTC (Bangalore Metropolitan Transport Corporation) buses, the locality’s network is all set to improve further after the introduction of Namma Metro Phase II. The locality is also home to a number of reputed educational institutions and healthcare facilities. >> Planned by KEONICS (Karnataka State Electronics Development Corporation Limited), Electronic City spreads over 320 acres of land and is divided into four phases >> While Phase I and II have already been established Phase III is on its way to completion >> ECity is maintained by the Electronic City Industries Association >> The locality has the best social infrastructure and it houses many retail establishments. Commercial spaces have rapidly grown along the important roads like Doddathogur Road >> Civic amenities like water supply in this vicinity are improving after initiatives taken by the local administration >> The neighborhood is well guarded and amenities like walkover bridges help manage traffic bottlenecks better >> Located on Hosur Road, ECity is well connected to other parts of the city via road and rail >> The Bangalore City railway station is 24 km away, however, the Heelalige Railway Station and Carmelaram Railway Station are situated at 5.8 and 11.8 km away respectively >> Other arterial junctions like the Silk Board Junction in Madiwala (9 km), NICE Road and Bannerghatta Road helps improve access to ECity >> Although the Bangalore International Airport is about 52 km away, BMTC offers bus services that ferries individuals to the airport at regular intervals

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Read more at: http://www.moneycontrol.com/news/real-estate/electronic-city-houses-major-retail-establishments_1165101.html?utm_source=ref_article

Infopark Thrissur to add 3,000 job opportunities in next couple of years

Kochi, Sep 10: The Infopark at Thrissur, being developed as one of the two satellite centers of Infopark Kochi, will add another 3,000 job opportunities in the next two years with the completion of new 3.3 lakh sqft IT block by March 2015.

Infopark

Major expansion plans by startups and mid segment-IT firms at the campus are also fueling the growth of the park, which is situated amidst the lush green surroundings of Koratty. Currently, the park houses 29 companies with around 600 employees. The facility— Kerala’s first satellite center set up under the much applauded Hub and Spoke model of Infopark Kochi — boasts of higher employee retention rate than similar parks in other metropolitan cities.

“It is encouraging to see that the companies are expanding and are looking for new growth avenues. The work on the new 3.3 lakh sqft IT block is progressing and it is expected to be ready for operations by March 2015,” Infopark Chief Executive Officer Hrishikesh Nair said.

“The park has received around dozen advance bookings for office space at the new building which, when completed, will generate an additional 3,000 plus employment. A gymnasium, a women’s hostel and other recreational facilities are also in the pipeline inside the campus,” he added.

“The Infopark brand, the park’s proximity to Cochin international airport and the national highway are the major factors that drew us to establish business here”, said Hari Krishnan, Co-founder of ZineMind Technologies Private Limited, a software developing firm catering to some of the big names in the business world like Siemens, Bosch and Bombardier. “The company is scaling up its staff strength and will set up an additional operational facility in the new IT facility once it is completed,” Mr Krishnan said.

“We are happy to be at the park here as the authorities provide all support and it has the best-in-class infrastructure. We started at the park as a startup firm and now have a turnover of Rs 1.2 crore,” said Abin Jose Tom, Chief Executive Office of Web and Crafts. “We will be increasing the employee headcount to 60 from the current 17 in one year,” he said.

“Thrissur has a lot of engineering colleges and we have been able to get right people,” said Mohanakannan P K, Business Head of Nuvento Systems Private Limited. “We are planning to hire more freshers in the coming months and scale up our cadre strength to 100 as part of our expansion at the park,” he added.

Macao’s newest luxury retail hub opens its doors!

Family-friendly shopping in Macao is poised to get even better with the opening of Shoppes at Cotai Central Phase 3

Shoppes at Cotai Central Phrase 3_Chinese Fables Exhibition_01

Macao, Aug, 2014 –Sands Retail, the leasing and retail asset management platform of Las Vegas Sands Corp and  Sands China Ltd, Macao’s leading operator of luxury shopping malls, officially opens Shoppes at Cotai Central Phase 3 on 29 August 2014. The move represents a significant expansion that will increase the size of the mall in operation by 70 per cent, raising its total retail area to 400,000 sq. ft. Within Phase 3, 36new retailers have already opened for business, with a further 15 restaurants and kiosksto open by the end of the year.

The US$60 million investment paves the way for an expanded tenant mix that spans home decor, variety stores, designer children’s wear, fashion sportswear, travel accessories, and an even wider variety of men’s and women’s fashion, lifestyle and cosmetics brands. Altogether, the mall houses140 brands, including the first-ever store in Macao for many retailers and the first in Asia for some.

“I’m delighted that we have reached the milestone of the official opening of Shoppes at Cotai Central Phase 3,” said David Sylvester, Senior Vice President of Retail, Las Vegas Sands Corp.  “Our threedistinguishedthemed malls in Macao have achieved strong double-digit growth over the last few years, and we’ve just announced strong result for the first half of this year as well. This sustained growth totally vindicates our strategy of continuing to expand and develop our offering in Macao, and we’ll keep looking for new opportunities to serve our valuedretail customers in the future.”

Sands Retail saw its retailer sales in Macao grow by 21% toUS$1.25 billion, during the first half of 2014 compared to the same period last year, with Shoppes at Cotai Central contributing US$149million of sales, a 28% increase year on year by itself. In 2013, Sands Retail achieved full year sales of over US$2 billion in Macao, of which close to 12% was from Shoppes at Cotai Central.

Shoppes at Cotai Central opened in 2012, becoming Macao’s first mall dedicated to family consumers. Strategically located between Conrad, Holiday Inn and Sheraton Hotels, and connected to the luxury Shoppes at Four Seasons and high street Shoppes at Venetian by air conditioned walkways, Shoppes at CotaiCentral offers outstanding customer convenience. The mall also incorporates an easily-accessible food court, Koufu, where 23 stalls serve up a wide range of international cuisine. Phase 3 will reinforce the mall’s stylish but family-friendly character even more with the opening of Planet J, Macao’s largest interactive indoor theme park, in 2015. Further expansion and improvements are already on the drawing board for Phase 4.

Conceptually, Shoppes at Cotai Central is based around a cascading river where the water flows along a central spine. Phase 3 saw a significant revamp of the original development, with design enhancements to align with current mall standards in lighting and material selection, for a richer visitor and shopping experience.

“The opening of Phase 3 means that Shoppes at Cotai Central truly offers something for everyone, from fashionistas to families,” said Sylvester. “Shoppes at Cotai Central was designed to be a beautiful place to spend an afternoon with friends or family, whether for great food, an unforgettable shopping trip, or just a catch-up over coffee. Phase 3 enriches the visitor experience even further, and I believe it will prove to be a great draw card for visitors.”

Shoppes at Cotai Central Phrase 3 Opening Ceremony_02

 

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