Saturday, May 30, 2015
|Dr.Nagendra Palle (centre)Mr.Yatin Chadha(left),Mr.Maghesh Kumar(right)|
Mr.Tony Raj(extreme right),Mr.Vivek Gupta(extreme left)
INAUGURATES TWO AUTHORISED
DEALERSHIPS IN BENGALURU.
Mahindra First Choice wheels
Ltd.,has a net work of 507
franchisee outlets spread across 276 locations in the country.
The company is growing
at the rate of 35% by volumes
over the last 5 years.
The company has launched a
new product called the
Indian Blue Book (IBB)
which is India's first and only
used car pricing guide that incorporates transaction data with an analytical engine.
"With a vision to create an used car eco system,we are enhancing & leveraging our
physical and online presence and are best positioned in the auto industry to deliver a
"Brick & Click synergy interface for an unique customer experience"says
Dr.Nagendra Palle,Managing Director,Mahindra First Choice Wheels Ltd,.
The company has a network of 7 dealerships in Bengaluru and 16 in Karnataka.
Buying an used car from Mahindra First choice includes quality assurance
safety and a hassle free driving experience says the company. The Company
has Warranty proucts like like Warranty first,Certifirst and Certifirst+.
Tuesday, May 26, 2015
Sunday, May 24, 2015
AEROSPACE & DEFENCE TO BE
HELD IN BENGALURU ON
1st AND 2nd DECEMBER,2015
AT HOTEL LALIT ASHOK.
The MRO industry is worth 800 million
USD as on today. The MRO industry as on today is called Maintenance,Repair Overseas and the country spent USD 800 million.
A small country like Singapore earned USD 8 billion by offering MRO services.
Sri Lanka is doing MRO services to one of the Indian carriers.The moot question is
why India is lacking & why no successive governments did not evince interest in
this industry?.Was there any vested interests stopping India becoming an important
The problems MRO companies facing are 1. The MRO services are not recognised as
an Industry.2.The Taxation/Custom procedure & bureaucratic hurdles make this
industry an unviable proposition to those who wish to do it.Presently,as per the
industry circles,India's share in the global MRO business is only 1%. With an
estimated spend of USD 20 billion on military aircraft by India over the coming
5 to 7 years,and India being one of the fastest growing civil aviation markets &
slated to be the 3rd largest aviation markets by 2020,there is huge potential
for the MRO industry.This event is aimed at bringing the industry leaders,
government officials,regulators,airline officials,MRO professionals,legal
experts to discuss & debate on various issues revolving around the Indian
MRO industry.With the PM's vision of "Make In India",the Indian MRO
industry will focus on contributing immensely towards this national goal.
Friday, May 22, 2015
|Launching of "JEWEL OF INDIA" range of five exotic|
perfumes inspired by the diverse & multi cultural facets
of incredible India.
The largest multi storeyed store near Commercial street Bengaluru to
cater to its growing clientele.
Ajmal,a renowned name in the
world of perfumes,announces
the launch of its 24 th exclusive
stand alone speciality outlet
While launching "Jewel Of India"
India said," we chose Bengaluru to
unveil the first of its kind of store
to cater to the increasing clientele.
This is a high point in Ajmal India's journey,as we diversify into other product lines."
While addressing media,Mr.Sirajuddin Ajmal said that the present turnover of the
group is Rs.100 crores,of which Rs.65 crores is through exports.They are planning
to come out with IPO in 2021.They are spending sizeable amount in R&D and they
would like to have about 100 exclusive outlets by 2020.
Thursday, May 21, 2015
BRIDGE INDIA FOUNDATION ANNOUNCES FUND RAISER GOLF TOURNAMENT.
Bridge India Foundation is a NGO registered as Section 25 Company under
Companies Act,1956,The focus of the foundation is to train volunteers,the students from affluent schools to become more sensitised to the needs of the society & also to share the joy of
Caring & sharing at the tender age.Bridge India Foundation is already working with 7 schools in Bengaluru & Chennai.
More than 1850 students have been engaged so far and have benefited from the program.
They wouldlike to scale up their operations to help & create a more inclusive & better
society in the future says Mr.Shanmugam Nagarajan, Founder & Chairman,Bridge India.
We are in the process of scaling our operations to more than 25 schools in 3 to 4
cities this year.We are conducting our first fund raiser Golf Tournament on 23rd May
at Prestige Golfshire,Nandi Hills.This event will help us to reach our target funds for
scaling up our operations next year.- says Mr.Murali R Rao,CEO,Bridge India Foundation.
Thursday, May 14, 2015
|Mr.Shivraj Kumar, launching Godrej Expert.|
Mr.Chetan Gore,Executive President-Marketing
Personal Care,Godrej Consumer Products Ltd.(seated)
GEL FORMULA-GODREJ EXPERT.
India's leading hair colour brand
Godrej Expert unveiled the new
& improved Godrej Expert Powder Hair Colour in Bengaluru.
The new version of 10 MIN Gel
Formula is non drip,hassle free &
delivers soft,shiny and natural black
hair with 100% grey coverage in just 10 minutes.
The new Godrej Expert was launched by Shivraj Kumar- leading Kannada film
Wednesday, May 13, 2015
|Mr.Kishore Sansi,MD & CEO,(centre) with Executive Directors|
Mr.K.R.Shenoy(Right) &Mr.B.S.Rama Rao (Left)
Total Business of the bank
reached Rs.2,14,035 crores.
Other Income up by 43.77%
Net interest income up:18.41%.
Gross NPA : 2.78%.
Net NPA : 1.92%
Provision Coverage ratio:64.01%
Operating profit up by 14.07%.
Treasury income :Rs.298 crores.
Cost of Deposits: 7.99%
Yield on Advances: 11.77%. The bank functions at a margin of 3.78%.
Earnings per share: Rs.1.13%. Book Value :Rs.68.95.
Sunday, May 10, 2015
Earnings per share : Rs.24.38.Book Value :Rs.197.24.Return on Equity:Rs.13.30.
Gross NPA:3.13%, Net NPA: 1.90%. Return on Assets:0.58%. Net Interest margin:2.38.
Deposits: Global : Rs.2,55,388 crores, Domestic :Rs.2,25,402 crores.
Advances:Global: Rs.2,05,804 crores, Domestic ; Rs.1,65,153 crores.
Operating profit: Rs.4007 crores (an increase of 12% y-o-y).
CASA Deposits grew by 14% (y-o-y) to Rs.63,671 crores.
The Business Mix of London Branch is: Rs.70,637 crores -Growth of 22%.
Bank's Branches; 3552., Rural:1150, Semi Urban:936, Urban: 783, Metro : 682.
Regarding reduction of lending rates by the bank,Mr.T.K.Srivastava,Executive
Director said,"Though few major banks have reduced the lending rate marginally,
many banks have not been able to reduce the lending rate as cost of funds are not
Friday, May 1, 2015
TOXIC FOAM OVERFLOWS FROM VARTHUR LAKE
IN BENGALURU, NEAR POSH WHITEFIELD AREA , VERY CLOSE TO THE LOCATION OF TECH COMPANIES BENGALURU IS KNOWN FOR.
It is high time that the City Corporation immediately attends
and take steps to clean up the lakes,treat the sewerage water
before letting it into the lake.Bengaluru is an international city known world wide for its talent, tech companies,R&D centres,Research institutions,centre for Space,aero space,and other leading institutions.
Photos Courtesy:Taken from various sources.