Bp november 2013

Contents...

Bureau Chief- Kalyan Gogoi ! Chief Co-ordinator ( Delhi ): Arup Jyoti Gogoi ! Co-ordinator (Kolkata): Rudra PratapChoudhury ! Special co-ordinators : Jasho Rabi (Shillong), Lithung Tungsha (Kohima), Madhurjya Saikia (Duliajan), TanmoySaikia(Mizoram), L.M.Sarkar(Agartala) ! Finance and Planing : Dipayan Borah ! Advisor : Pranjal Dutta (Legal) ! Design &

Grapics : Nitul Kr. Dutta

Address : Guwahati Office– Bhangagarh, Anil Nagar, by lane no2, House no-1, Pin-781003, Guwahati (Assam) !!!!! Delhi Office–A-12, 2nd floor, Kalkaji, New Delhi- 110019

website : www.businesspositive.guwahati.com e-mail : [email protected] : 9954223870, 9508708837

Executive Editor: Madhurjya D. KonwarEditor: Bikramaditya Dutta Kakoti

Editorial

Assam has been facing acute problem of power shortage due to the vast gapof demand and supply. It is a fact that there has been a steep increase ofdemand of power in the last 3-4 years in this state. With the increaseddevelopment and economic activities in the last few years, Assam has beenexperiencing an average peak demand for power to the tune of 1250 MW. Thisis more than 2(two) times what it was five years ago. In Guwahati alone in thepast five years, there has been a threefold increase in demand of power. Untila couple of years back, only 16% rural households were electrified, but as perthe National Electricity Policy, steps have been undertaken to electrify everyhousehold of Assam. As such, there has been a great increase in demand forpower in the rural as well as urban areas in recent times. The installed capacityin the State is 574.4 MW. In addition to its own installed capacity, the State hasa share of 288 MW from Central Sector Generating Stations owned by NEEPCOand NHPC. Besides this, the State has also 24.5 MW of private power (IPP)generation. The total capacity thus available for the State is 886.9 MW. Tillnow, Assam is mainly dependent on hydro generations. This is about 60% of thetotal existing availability. Most of these hydro generators are sourced throughRun on River (RoR) which are solely dependent on the rainfall in the respectivecatchments areas. It was expected that these hydro generators would pick upto 100% of its capacity during this monsoon; but this year due to insufficientrainfall below normal value in its respective areas they are yet to gear up. Also,the gas based thermal power stations are generating far below their full capacitydue to inadequate supply of gas etc. That is why the demand availability gap iswidening According to Central Electrical Authority (CEA), the peak hour demandin Assam is likely to rise to the level of 1752 MW by the end of 12 th Plan.Currently, average peak demand is 1250 MW against available 700 MW therebyleaving a shortfall of 550 MW. But the state is able to meet only 16% of thepeak demand with its own power project (about 260 MW). In coming years,even after adding the share of 240 MW receivable from Palatnana, 380 MWfrom Bongaigaon TPP and 65 MW from Kameng Hydro project, we fall woefullyshort on meeting the demand. Therefore, the only option is to set up own powerprojects to meet at least 50 % of demand forecast. The state Government hasidentified several new project like 150 MW Lower Kapili, 60 MW UpperBorapani , 60 MW Inter Mediate, 500 mw Margherita TPP, 100 MW AmguriTPP which will require investment of about Rs 7996.00 Crore. Out of it Stat’sshare would be Rs 2408.00 Crore. How quickly the impasse over LowerSubansiri Hydro Electric Projects ends, more beneficial it would be to the state.Then Assam will get total 533MW additional power.

Power scenario in Assamwww.businesspositive.guwahati.com

The New Companies Act :A Great Promise

–2

Jay Shree from Tea to realestate

–3

Govt to infuse 14,000 croreequity in public sector banks

–5

Interview with R. Bhatia,V. P. Fiat

–7

IOC Chairman Butola walks15 km to office to save fuel

–9

Enlightening the nation–Mahbubul Hoque

–11

Lower Subansiri HydroElectric Project safe andsecure –NHPC

–15

Myshopbazzar.com Ms.India & Mr. India 2013crowned

–19

BUSINESS POSITIVE November-2013 2

n 29 August 2013 the newCompanies Bill finally received thePresident’s assent that made it into a law,thereby replacing the six decade oldregulations under the Companies Act,1956. The Companies Act, 2013 allowsfor a contemporary legislation forregulation of the corporate sector in India.The Act, amongst other aspects, providesfor business friendly corporate regulations,better corporate governance, focus oncorporate social responsibility, enhanceddisclosure norms, investor protection, etc.

As the most significant provider ofequity capital to corporate India, theIndia Private Equity and Venture Capital(PE and VC) industry stands to benefitfrom any improvement in the Indiancorporate regulatory framework. Thenew Companies Act will impact the PEand VC industry in numerous ways, some

of which are enumerated below.A point of uncertainty lies in the

definition of a listed company. As perthe Companies Act, 2013, a company withany listed security will be treated as alisted entity. So an unlisted portfoliocompany of a PE investor, which mayhave listed its NCDs, will be suddenlyburdened with an entire gamut ofobligations applicable for a listedcompany. Are we heading towards a newconcept of private listed companies?

More onerous for PE investors are theadditional liabilities on Directors as theAct puts a higher onus on directorsappointed by PE funds. The PE directorscould potentially be liable forprosecution under various statutes for anydefault by the Company’s management.It would perhaps be more appropriate tohave PE directors treated on par with

other independentdirectors, as typically theyare not involved in dayto day management. It isinteresting to note that adirector will not bepenalised for misconductof the Company if he hasraised objections againstthe activity on record,thereby raising the antefor greater vigilance byPE directors.

As per the New Act,investment is notpermitted through morethan two layers ofinvestment companies.Though the incorporationof this clause aims toprevent diversion offunds through webs ofcomplex corporatestructures, the greatestblow will be felt byinfrastructure companies.Private equity investors

prefer to invest in holding companies, torealise higher returns from the entiregroup through a single investment ratherthan multiple investments in subsidiaries.Thus this restriction may deter PEinvestments in the sector and henceexceptions should be allowed for genuinemulti-layered corporate structures.

The Companies Act, 2013 now allowsthe shareholder of a ‘public’ company toenforce put or call options if contractuallyagreed in respect of transfer of securities.Enforcement of these options under theCompanies Act, 1956 was untenable asshares of a public company were requiredto be “freely transferable”. The act grantsstatutory recognition to contracts inrespect of transfer of securities of a publiccompany, putting to rest contradictoryjudicial precedents on this aspect. ThusPE investors can confidently utiliseclauses such as drags, tags, right of firstrefusal, etc. against other contractingshareholders, providing for additionalcontractual protection. This is a bigpositive for private equity.

However enforcement may still be aconcern as in the past, Sebi has taken theview that such options do not qualify asspot delivery contracts under SCRA andalso do not qualify as legal and validderivatives contracts because they are nottraded on a stock exchange.

(continued to page 13)

The New CompaniesAct : A Great PromiseO

3 BUSINESS POSITIVE November-2013

n a bid to pad up its revenues,Jay Shree Tea and Industries Ltd isconsidering re-entry into real estatedevelopment after a gap of almost tenyears. The B.K. Birla Groupcompany, which is mostly into teaplantation and also in sugar andfertiliser in a small way, is exploringways to develop some of the landparcels available with the companyscatted across the country. About adecade back, Jay Shree forayed intoreal estate development when timeswere difficult for tea plantationcompanies and tea prices remainedsubdued for years, resulting in losses.It had then developed some premium

luxury apartments in Bangalore’smarket Ali Askar Road area, and offSarat Bose Road and Raja SantoshRoy Road in Alipore, two of the mostsought-after addresses in Kolkata.“We are looking at the sector, we arestill exploring. We have several landparcels within India. We want to seewhat we can do,” said executivedirector Vikash Kandoi .Thecompany can develop around 2 lakhsquare feet of built-up area.Investment in the development couldbe about Rs 30-40 crore. Jay Shreehas land in West Bengal, Haryana andother states. The projects would mostprobably be taken up in joint ventures

with developers. No doubt , thecompany’s prime look out is the teaproduction.Jay Shree plans to produce23 million kg this fiscal, higher than20.5 million kg produced lastfiscal.”We expect production to be upby about 3 million kg this year. Wehave again started taking outside leaf,which would be up by 2 million kgthis year while our own productionwould be up by 1 million kg. Out ofthe total production, bought leaf wouldbe 5 million kg against 3million kglast year. We will be producing at least1 million kg more of orthodox,” saidMD D P Maheswari.It is to bementioned that Jay Shree Tea &Industries Ltd. is the third largest teaproducer in the world. It has 22 TeaEstates spread throughout India withtotal area of 9407 hectares under teaplantation. It has five Gardens inUpper Assam, five in Cachar, four inDooars & Terai, six garden inDarjeeling and two in South India. Thecompany also has two tea processingfactories which manufacture teaexclusively from tea leaves procuredfrom other gardens. The company isalso scouting for more acquisitionsin Africa to strengthen its presencein the black tea market. JTIL hasrecently acquired three tea gardensin East Africa — two in Rwanda andone in Uganda.The company is oneof the largest tea manufacturer-exporter of India.

I

Jay ShreeJay ShreeFrom Tea to real estateFrom Tea to real estate


THE COMPANYIncorporated on 27th October 1945,Jay Shree Tea & Industries Ltd. is apart of well diversified conglomerateof B.K Birla Group. B. K. BirlaGroup has been in the forefront ofindustrialization in the country sinceIndependence. An inspiration forgenerations of Indian entrepreneurs,the Birlas are looked upon as the FirstFamily of India Inc., reflecting quality,reliability and leadership.

Besides tea, Jay Shree Tea &Industries Ltd., is manufacturer ofSingle Super Phosphate & SulphuricAcid. It recently made foray into SugarIndustry by acquiring100% stake inM.P.Chini IndustriesLtd. It also providesTea Packaging andWarehousing facilitiesat Kolkata and Kochi.The company is alsoengaged in real estatebusiness havingdeveloped severalproperties at primelocations of Kolkataand Bengaluru.

The core businessof the company is Teaaccounting for75.56% of the grossturnover withChemicals &Fertilizers at 23.52%and others 0.92%during the half-yearended 30th September2010.

KEYHIGHLIGHTS

1. It is the only teacompany in Indiahaving tea estates in allthe major tea growingareas of the country.All the teas of Indiaunder one roof!!2. One of the fewIndian tea companiesto have tea estatesabroad.3. Contributingaround 3% of the

TEA ESTATES IN INDIAGARDEN AREA UNDER PRODUCTION

PLANTATION (FY11-12)(Hectares) (lac kgs)

DARJEELING01 Risheehat Tea Estate 256 01.8102 Tukvar Tea Estate 437 02.3203 North Tukvar Tea Estate 195 00.9704 Singbulli Tea Estate 303 02.2205 Balasun Tea Estate 353 00.8806 Sungma Tea Estate 273 01.36

UPPER ASSAM 07 Towkok Tea Estate 646 18.4608 Manjushree Tea Estate 616 14.0909 Mangalam Tea Estate 105 02.2610 Nahorhabi Tea Estate 695 14.7011 Meleng Tea Estate 760 16.34

CACHAR, ASSAM 12 Dewan Tea Estate 726 22.3913 Burtoll Tea Estate 686 20.5014 Labac Tea Estate 434 14.5115 Kalline Tea Estate 463 12.8816 Jelalpore Tea Estate 367 08.72

DOOARS & TERAI,WEST BENGAL

17 Aryaman Tea Estate 222 08.9618 Ananyashree Tea Estate 237 14.1119 Marionbarie Tea Estate 329 06.7120 Jayantika Tea Estate 604 13.59

SOUTH INDIA 21 Sholayar Tea Estate 401 14.6822 Kallyar Tea Estate 299 10.22 Bought Leaves Factories 11.32

GRAND TOTAL 9407 234.00

national tea output.4. Contributing around 11% of thetotal Darjeeling tea, consideredChampagne of teas.

NEW ACQUISITIONSAs per the strategic tie up with AssamTea Corporation Ltd. the company is procuring green leaf of Longai andIshabheel Tea Estates and operatingits Longai Tea Factory to manufacture6 lac kgs of tea per annum from thecurrent season.

The Parvati Tea Company Pvt. Ltd.acquired by it at Makum (Tinsukia) in the State of Assam is likely tomanufacture 6 lac kgs. of black tea

during the current year.The Company through its

investment arm, Birla Holdings Ltd.,UAE has acquired 100% stake in Kijura Tea Co. Ltd. and Bondo TeaCo. Ltd., having tea estates, producingaround 14 lac kgs of tea per annumin Uganda (East Africa). Under a jointventure arrangement, it has acquired60% stake of Mata Tea Co. Ltd. &Gisakura Tea Co. Ltd., Rwanda. Thecompanies own tea estates in thebest quality tea producing belt of East Africa producing 42 lac kgs oftea per annum.

The cost of producing Tea in EastAfrica is lower as thereis not much need forapplication offertilizers andpesticides in the fieldbecause of the bettersoil condition. Further,the social cost for thelaborers is theresponsibility of thelocal Government.DIVERSIFICATION

IN SUGARThe company hasacquired 100% stakein M.P.ChiniIndustries Ltd.havinga sugar factory atMajhaulia in Biharwith a capacity of4600 TCD, which isbeing enhanced to5500 TCD. Thefactory has co-generation facility of6 MW and its ownsugarcane plantationof around 1000 acres.This is one of the bestmaintained factoriesin the State of Biharand will enable thecompany to leverageits experience andexpertise inmanaging agro basedindustries.

– Business PositiveBureau


The Syndicate Bank has reduced the rate of interest on housing loanswith effect from October 9. The rate of interest on all housing loans,irrespective of the quantum of loan, will be on the base rate of 10.25 percent. The bank has also made the base rate applicable to all existinghousing loan accounts withimmediate effect.

Keeping in view of theongoing festival season, thebank had already reduced therate of interest on four-wheelerloans to 10.90 per cent. Similarly, the rate of interest on two-wheelerloans has also been brought down to 12.25 per cent.

The bank has slashed the service charges by 50 per cent, on all housingloans and vehicle loans during the festival period. The Syndicate Bank isoffering loans to micro and small enterprises at the most competitive rateof interest with nominal service charges. To give focused thrust, the bank

has launched tailor-made products,aiming at doctors,transport operators,cashew industries,marble and graniteindustries andtextiles and ready-made garment units,with attractive termsin rates of interestand service charges,said a press release.

The central government hasdecided to infuse Rs.14,000 croreequity capital in 20 public sectorbanks during the current financialyear. “The Government of Indiahas approved infusion of Rs.14,000crore in the PSBs during financialyear 2013-14, through preferentialallotment of equity in its favour,”the finance ministry said in astatement.

The country’s largest lenderState Bank of India will getRs.2,000 crore equity capital fromthe government. The Central Bankof India and IDBI Bank will getRs.1,800 crore each. Thegovernment will provide Rs.1,200crore equity capital to IndianOverseas Bank, and Bank of Indiawill get Rs.1,000 crore.

Punjab National Bank andUnion Bank of India will getRs.500 crore each. United Bank ofIndia will get Rs.700 crore, VijayaBank Rs.250 crore, and Syndicateand UCO Bank will get Rs.200crore each. Other lenders that willbe benefited from thegovernment’s equity infusionprogramme include AllahabadBank Rs.400 crore; Andhra BankRs.200 crore; Bank of BarodaRs.550 crore; Bank of MaharashtraRs.800 crore; Canara Bank Rs.500crore; Corporation Bank Rs.450crore; and Dena Bank Rs.700crore. The government infused

Govt to infuse 14,000 croreequity in public sector banks

Rs.12,517 crore in 13 publicsector banks in the financial yearended March 2013.

According to the financeministry, the capital infusion bythe government in public sector isdone with the “twin objective ofadequately meeting the credit

requirement of the productivesectors of economy as well as tomaintain regulatory capitaladequacy ratios.”

“The government of India, asthe majority shareholder, iscommitted to keep all PSBsadequately capitalised,” it said.

Syndicate Bank slashesinterest rates on loans

– Business PositiveBureau


Swedish Direct selling beauty major,Oriflame announced another feat in theirsuccessful journey in India, with the launchof their new office in the North- Easternregion of Shillong. The establishment,which is Oriflame’s 17th office in India,is a translation of company’s relentlessgrowth and strategic approach. Locatedin the midst of the commercial centre, the new Oriflame office is situated at Barikopposite Lady Hydari Park. The office will promote the growth and developmentof 2853 consultants in the region by giving them direct access to all the trainings,seminars and opportunity meetings organized by the company. The office willalso store the exciting product ranges offered by Oriflame which the consultants canexperience and then sell to their customers. North East is the top performing regionfor Oriflame India which accounts for 55% of the company’s growth. The brandcurrently has 159 SPOs in the region, catering to 36,000 consultants. With its robustexpansion plans, the company strives to increase the SPO’s to 200 and consultantbase to 50,000 respectively by year end. Mr. Partha Kalita, Senior Area Manager forEast, Oriflame India quoted, ‘North East is one of the most important markets forOriflame and the top performing regions in India. In the past, we have witnesseddouble digit growth of over 30 percent from this region and predict even higherdevelopment prospects in the time to come. With the opening of our new office inShillong, I foresee many more consultants being associated with the brand.” Whilethe company offers over 550 products in five distinct categories, Skin Care, Fragrances& Colour Cosmetic ranges are the top 3 selling categories for the brand in Shillong.

Oriflame India ExpandsOperations in North East Region

– Business Positive Bureau

Tata Sky, pioneer of technologicalinnovations in the DTH industry,announces the launch of“Everywhere TV”– by whichsubscribers will soon be able to enjoyall their favorite TV channels andmovies-on-demand on the move.

Available to Tata Skysubscribers, this service could beavailed by downloading Tata Sky’sMobile app from the Apple andAndroid stores. The Mobile appsupports a host of free features, whileto take Everywhere TV service, thesubscriber will have to pay Rs 60 pm.This will entitle him to over 50 TVchannels On the latest innovation,Vikram Mehra, Chief CommercialOfficer, Tata Sky, elaborated, ”Ourresearch has shown that lifestyles aregetting busier in today’s day andage. People spend hours in transitor waiting daily. Today over 60%of the (Tata Sky) population useinternet to view videos on theirSmart phones and tablets either athome or at office. Everywhere TV isa unique service for all those valuedsubscribers who want to keep intouch with their favourite shows, programmes and channels that theyhave subscribed on Tata Sky evenwhen they are on move through theirmobile handsets.”

Consumers will be able toview varied TV content on a singleplatform with ‘Everywhere TV’ instead of downloading andpaying for multiple apps offeringdifferent channels or services, ashas been done traditionally. Inaddition to Everywhere TV, onecan also use the Tata Sky mobileapp to remote record on set top boxfor their favourite TV shows on theset-top box, browse the EPG whenthey are outside their homes anduse their mobile device as a wifiremote at home.

Now Television inyour Pocket with

Tata Sky

Mahindra GippsAero, the Australianaircraft manufacturer and subsidiary ofthe Mahindra Group, has successfullycompleted the first flight of its newaircraft, the GA10.The aircraft, which isthe first single turboprop developed inAustralia, is a 10 seater, multi-role aircraftbased on the very successful GA8 eight-seater utility aircraft. The first flight tookplace at GippsAero’s home base atLatrobe Regional Airport in eastern

Victoria on May 1.This aircraft will soon enter the Indian market, companyofficials said.Powered by a Rolls-Royce 250 turboprop engine, the GA10 willsuit a wide range of applications from passenger and freight work to air surveyand surveillance roles. With the completion of this first flight, the GippsAeroengineering team will subject the prototype to an intensive programme of staticand flight tests to gain a CASA Type Certificate for the GA10. It is anticipatedthat the new type will be available for customer delivery in the first half of2013.The company plans to soon announce details of a deposit programme thatwill provide an opportunity for operators to secure a purchase position.

Mahindra’s10-seateraircraft

takes wings


With the competition amongcar makers is getting fierce

with companies bringing newmodels at cheaper price to lurebuyers, Italian car maker, FiatChrysler India says it has noplans to join the price war byslashing prices of its existingmodels. Mr. Ravi Bhatia, Vice

President (Sales and Network),FIAT Group India

Automobiles speaks toBusiness Positive as to why it isnot interested to jump into the

price war and what is theirstrategy to mark their presence

in the Indian market. EditedExcerpts:

""""" There is a price war between thecompanies to attract customers in thedull market conditions. Are youcontemplating to bring down pricesof your existing models?##### We are not into price war. Ourstrength is our quality, innovation andtechnology. The group is big and we haveaccess to platforms from Europe, NorthAmerica and South America. So we canbring better products that can be adaptedor engineered for Indian conditions. Andthat’s what we are going to bring. Fiat isalready present in the 70% of the automarket with its B+ and C segments. Nowwe are going into sports utility vehicle(SUV) segment, so that’s another 10%.Now, only a small portion of around 10%is remaining for the A segment, or thesmall car segment. We do not want toget into mass segment as our strength isin B, C segment. So we will concentrateon B and C segments.""""" How do you plan to grow thecompany in coming years?##### We want to be a significant player in

this market. We were a top player once,we want to get back. We want to doubleour market share, which is less than 1%as of now. We sell around 7,000 cars perannum, we are looking to double thisnumber after opening 100 dealerships bythe end of this year. We have thetechnology, innovation and great brandsworldwide. So, we believe we are theright company that over time the Indianconsumers would like to love.Also, wehave the largest parts stock room in Asiaand that is located close to our factory.We are stocking components there. Andthey can be supplied to any part of thecountry within 3 working days. So ourservice commitment can be met.""""" What will be your marketingstrategy in the current marketscenario?##### There are about 200,000 Fiat cars inIndia. They are Fiat customers, whoowned this car earlier and now probablyshifted to other brands. Fiat was ahousehold name in the past. Now, wewant to approach these customers, mainlyin the smaller towns and bring back tous. Cities like Ahmedabad, Baroda, Suratare very strong hold of Fiat customers.So main thing is to get back our oldcustomers, give them the right serviceexperience and sales experience. Thereare die hard fans of Fiat brand, waitingfor a dealership to get located nearbythem. So, when we have those types of

people, than price doesn’t matter. We arevery fortunate to have them.""""" With new launches in the pipeline,are you looking at expandingproduction capacity in the comingyears?##### No. That is not required as we’vesufficient capacity to produce 200,000cars and 300,000 engines andtransmissions at our existing facility atRajnangaon near Pune.""""" What is the strategy that you haveadopted to grow in the Indian marketafter your split with the Tata Motorson dealership front?##### We have adopted a three-pillarstrategy to mark our presence in India.This is based on network, branding andproducts. This helps us to go directly tothe Indian customers and not through apartner and cater to our customers better.On the branding side, we had toreintroduce the Fiat brand because we feltthat the brand had grown over the yearsand there is a need to get connected withnew customer class. And on the productstrategy, we are planning to launch ninenew or significantly upgraded modelsfrom the existing ones. Four of them willbe from Fiat brand, four from Jeepbrand, which is also a Fiat brand and aperformance car from Abrath brand.These will be introduced in phasedmanner over the next two-three years.

Interview



FIAT India inauguratesits new dealership

Fiat Group Automobiles India Pvt. Ltd inaugurated itsindependent and an exclusive dealership “Green ValleyMotors” at Guwahati. The Green Valley Motors showroomis located at NH37, Lalmati, Barsojai, Guwahati-781028.The showroom facility comprises of 3000 sq ft of space todisplay 5 cars and a 4000 sq ft state of the art workshop toensure commitment to serve the customers beyondexpectations. The dealership was inaugurated by Mr. RaviBhatia, Vice President (Sales and Network), FIAT GroupIndia Automobiles.Speaking on thisoccasion, Mr. Ravi Bhatiasaid: “FIAT India viewsGuwahati as a verystrategic market and theinauguration of anexclusive dealership is inaccordance with ourstrategy to capitalise on this potential. We are confidentthat our association with Green Valley Motors will play acrucial role in identifying the customer base and enhancingcustomer experience in Guwahati.

Priyanka

American fashionbrand Guess hassigned Indian actressPriyanka Chopra as itsglobal brand ambassadorfor next year. “Chopra’sconfidence, strength andsensuality reflect thequalities I always lookfor in a model and she reminds me of the youngSophia Loren,” Paul Marciano, CEO, creativedirector and co-founder of Guess, told ET. “Withthe Indian movie industry exploding on a global stage,and Guess having a brand presence in 87 countries,we could not have found a better global brandambassador,” he said, speaking from New York.

Bryan Adams, Canadian rock star andphotographer, has shot Chopra’s first campaign forGuess in a signature black and white collection thatis expected to be released next month. Chopra saysthe deal gives her an opportunity to connect with awider, global audience. “In a way, it signifies thatthe world is becoming more and more borderless,allowing talent and creativity to explore its fullestpotential,” she told ET minutes before boarding herflight to New York for the announcement of the deal.

A couple of people familiar with the world ofcelebrity management said Chopra’s one-yearcontract with Guess is worth Rs 5-10 crore. VinitaBangard, MD at Krossover Entertainment, whichhas been managing Chopra’s endorsements for thelast eight years, said: “This global deal will definitelysee her price (for domestic endorsement) goingupwards.”

Guess signs up

as globalbrand

ambassador

as globalbrand

ambassador


IOC Chairman R SButola walks 15 km tooffice while ONGCchiefSudhir Vasudevatakes metro once in aweek, as the oil PSUheads take lead inshunning petrol or dieselguzzling cars to supportOil Minister M VeerappaMoily’s call for fuelconservation.

State gasutility GAIL’s Chairmanand ManagingDirector B C Tripathitoowalked from hisresidence to office andback while two jointsecretaries in the OilMinistry rode bicycles.

Moily himself tookmetro to office onOctober 9 as part of acampaign to promotefuel conservation so asto help cut the nation’smassive oil import bill.

Moily had given acall to declareWednesdays, startingfrom October 9, as ‘Bus Day’ or‘Public Transport Day’ for hisministry and 14 public sector oilcompanies.

“I am happy that my call hasreceived such a wide support. IOCChairman (Butola) walked 15-kmto office, so did GAIL Chairman(Tripathi). Two of my jointsecretaries came on bicycles and

others either took metro or a bus,”Moily said. Moily travelled tooffice by metro on October 9. Thesubsequent Wednesday was apublic holiday, but it didn’t stoppeople like ONGC’s Vasudeva tocontinue using metro to office.

“We have to take lead in savingfuel. On the first day, (October 9)we saved an estimated Rs 2 crore

in fuel bill as all of us leftcars in garages and tookpublic transport.”

India spent almost USD145 billion on importing oillast fiscal and theconservation drive is aimedat cutting the huge foreignexchange outgo which is thesingle-biggest reason forsome of present economicwoes like current account

deficit.Moily said he and all

officials in his ministryand in oil PSUsnationwide will travel bypublic transport everyWednesday.

Joint SecretariesNeeraj Mittal andAramane Giridhar rodebicycles for 8 km tooffice. Oil SecretaryVivek Rae did not usehis official car whileJoint Secretary(InternationalCooperation) P K Singhand Moily’s P S SanjeevKumar took separatemetros to office.

The rest of the 200-odd staff in his ministrytoo took publictransport, while mostPSU staffers used carpools or took the metroor bus to office.

“I have requestedother ministers to alsodeclare one day of theweek as ‘Bus Day’,

during which staffers should beencouraged to utilise only publictransport for their daily commute,”Moily said.

Moily said though he has issueda circular to his ministry and the oilPSUs, the move is totallyvoluntary. He is hoping measuressuch as Bus Day and a Rs 52 crorenationwide six-week megacampaign to propagateconservation of oil and gas willhelp taper demand and cut oilimport bill.

Moily has suggested to theDepartment of Personnel that itintroduce staggered office timingsfor government employees to easepeak-hour traffic and has asked theUrban Development Minister tointroduce a free cycle scheme inselect cities to help save fuel.

IOC ChairmanButola walks 15 km to

office to save fuelONGC chief Sudhir Vasudeva, GAIL chairman

B C Tripathi also do their bit to save fuel


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There is an endless list of songsand moods at Stereomood.comwhich will certainly fulfil yourappetite for good music when it’sneeded the most.

Toyota Launches New Etios Xclusive and New Etios Liva XclusiveToyota Kirloskar Motor (TKM) launched the New EtiosXclusive and Etios Liva Xclusive , Limited Edition. Thelaunch marks One Lakh sales of Etios and the SecondAnniversary of Etios Liva. Only 2000 exclusive units of theLimited Edition vehicle will be sold till the month of Nov2013. Etios and Etios Liva are the first Toyota vehicles to beexclusively designed for the Indiancustomers. The vehicles are manufacturedat TKM’s second plant at Bidadi. Thegasoline engine and transmission for Etiosand Etios Liva are manufactured at ToyotaKirloskar Auto Parts. Etios and Etios Livahave seen success not just in India but alsoin right hand drive markets like South

Africa , Srilanka, Mauritius, Zimbabwe, Seychelles, Nepal,Bhutan, Brazil, Argentina and with the recent addition ofIndonesia. The New Etios Xclusive and Etios Liva Xclusive,Limited Edition, is based on the G grade of the current lineup.The new vehicles are available in both, petrol and dieselvariant. The New vehicles are available in three colours -

White, Classic Grey, and Symphony Silver.Speaking on the occasion of the launch

Mr. Sandeep Singh, Deputy ManagingDirector Marketing and Commercial,TKM said “We have launched thesevehicles to mark an important milestonein the journey of Etios and Etios Liva.



Enlightening the nation

orn in Village Purbogool underPatharkandi of Karimganj District ofAssam on December 1, 1973,Mahbubul Hoque did hismatriculation from Karimganj with starmarks, HS (Science) from G.C.College, Silchar, B.Sc(Hons) & MCAfrom Aligarh Muslim University(AMU) securing first class second rankin the year 2000.Mahbubul Hoque isbrought up with lots of struggle sincehis childhood days. He lost his fatherwhen he was studying in Class VII inthe year 1981 who was a govt. serviceholder & the only earning source ofthe family. Then he started to taketuitions to bear the costs of his study,he even sold home cultivatedvegetables in the market. Later he alsolost his mother while he was studyingin Class XII in the year 1991. To addto his woes, his elder brother also diedsuddenly in a tragic accident suspectedto be a conspiracy in September 1998who was partially helping himfinancially for his higher studies.Hoque got job offers from differentMNCs & academic institutions of thecountry as well as abroad but decidedto come back to his native place. He

decided to start an ITCollege & approacheddifferent stakeholdersfor financial support.But no one responded.Even though heembarked on thejourney ofentrepreneurship by giving practicaltrainings to four IGNOU students &started to assemble computers togenerate revenues for his dreamproject. Starting with only onecomputer he brought from AMU, hewent on to buy four more computers,which was the initial logistical supportto the students, when he started hisinstitute with only 14 students in arented building in the year 2001. Withhardly any response from thestakeholders in the field of educationand lack of awareness in the societyregarding the potentialities of the ITsector, it was not an easy task for thisyoung and dynamic entrepreneur. Butundaunted by barriers he finally gothis chance to run professional coursesin Computer Science and InformationTechnology and Management Scienceunder the distance education scheme

of Sikkim ManipalUniversity. The result — Central IT College— wasestablished in the year2001.Slowly the dreamgrew, to include moreprofessional courses.Today CITC is proud to berated as the No. 1 center inNorth Eastern India

&ranked 2nd in the country by SMU.It has also been selected as the NodalCentre of the entire North Easternregion. SMU conferredUNIVERSITY EXCELLENCEAWARD for the last 5 consecutiveyears. More than 5,000 students haveso far passed out from CITC and havefound gainful employment in Indiaand abroad.Once he started on thetreading on the road of his mission,he never looked back and startedcreating new milestones in the fieldof educational infrastructure. Keepinghis pursuit in mind hefoundedEducation Research &Development Foundation in the year2005 under his chairmanship andestablished Regional College ofHigher Education in 2007 – the firstcollege under North Eastern HillUniversity, Shillong, creating a nichefor itself by excelling and getting toppositions in all the examinationsconducted by NEHU.Keeping thequality educational need of his homeand border areas, he alsostarted Central Public School,Patharkandi in 2008 and CentralPublic School, Badarpur in 2010. Thisalso enabled the vastly ruralpopulation of the area to aspire for

B

MahbubulHoque

MahbubulHoque


quality education giving RuralEducation a new height in thoseremote part of Assam.In the year2009, Regional Institute of Science& Technology (RIST) wasestablished which is the onlyEngineering College in Meghalayaapproved by AICTE, New Delhi &affiliated to NEHU, Shillong. Thisinstitute imparts educationin six engineering streamsand has emerged as one ofthe very few institutes of theregion with world classinfrastructure. The institutealso boasts of the bestfaculties in the subjectsbeing imparted.In 2010, thedream project of ERDF – University of Science & TechnologyMeghalaya (USTM) – came intobeing under the provisions of USTMAct enacted by Legislative Assemblyof Meghalaya. Spread over a plot ofover 400 acres, this University isunique in its own way and destinedto transform the North East into atechno-savvy region.In this longjourney of 12 years, he had to facelots of hurdles and in the process; hehad to take many bold steps &decisions. As Central IT College isspread in different blocks in differentrented buildings, he had managed tobuy a plot of land in the outskirt ofGuwahati to make it a full-fledgedcampus. Despite starting theconstruction works, due to meager

response from the State Govt.andcertain administrative issues,ultimately he had to move towardsthe state of Meghalaya & MeghalayaGovt. had appreciated his initiatives.To get approval & affiliation from thecompetent authorities-NEHU &AICTE was also no easy task. Therewere lots of struggle involved. Even

he had to take the legal recourse forredressal of grievances. Finally hesucceeds to get justice.It is a universalfact that to grow in such nature onehas to have funds. The fate hadsomething else is store and wheneverhe approached the commercialbanks, his proposals were rejected.The constant source was only themobilization of the fees collectedthrough the students and the wellwishers in the market who wantedhim to grow and deliver theeducation to the needy students.Only in the year 2008, the greatfinancial Samaritan NEDFiappreciated his zeal and dedicationin the field and came forward toprovide loan of Rs. 15 crore.

Upcoming ProjectsMahbubul Hoque has a strong determination to continue his mission ofspreading Education to every nook & corner of the region. Under the

VISION 2020, the foundation has a plan of establishing number ofInstitutions listed below :

$$$$$ Another eighteen CBSE affiliated Schools in Minority dominated ruralareas in phase wise. $$$$$ Centralised Women’s Hostel with Library and

Coaching Facility for Administrative Services. $$$$$ Three ITI is forwomen. $$$$$ Ten B.Ed Colleges. $$$$$ College of Architecture. $$$$$ Cultural Centrehaving Guest House facility. $$$$$ One Educational TV channel namely “GyanVigyan”. $$$$$ Centre for Innovation and Rural Development. $$$$$ Entrepreneur

College, Pharmaceutical College, Physiotherapy Institute. $$$$$ Five StarHospital with Medical College.


Central IT College.

ERD Foundation A trust underthe provision of Indian Trust Act 1882and registered under societiesregistration Act XXI of 1860.

Regional College of HigherEducation (RCHE).

Central Public School-Patharkandi.

Regional Institute of Science andTechnology (RIST).

Central Public School-Badarpur.

University of Science andTechnology, Meghalaya.

Fakhruddin Ali Ahmed Centrefor Coaching and Guidance.

Khairun Nessa Begum Women’sCollegeYear:2012 (Foundation laid).

Founder of Institutions

$$$$$ Awarded with the prestigious“Edupreneur Award” by EngineeringWatch from Dr. Shashi Tharoor,Union Minister of State for HumanResource Development at theEngineers’ Conclave 2013.$$$$$ Received “Maulana Abdul JalilChoudhury Memorial Award” for theyear 2013 from North East IndiaEmarat-e-Shariah·$$$$$ Minority Educational LeadershipAward by MOMEIN, New Delhi.$$$$$ Received SMU Excellence Awardwhen Central IT College was ranked2nd in all over India for consecutive6 years.$$$$$ Felicitated by the Minority WelfareSociety, CABSFORD PublicRelations, Public Relations Society ofIndia.

Awards & Recognitions


$ Maximum number of members in a private company increased fro 50 to 200$ Limit of number of members in an association or partnership (withoutincorporation) to be increased up to 100$ One Person Company (OPC) - a new vehicle for individuals for carrying onbusiness with limited liability.$ For defined infrastructural projects, preference shares can be issued for aperiod exceeding 20 years$ Provisions relating to further issue of capital made applicable to all companies$ The terms foroffer of securities, form and manner of ‘private placement’ tobe as prescribed$ Shares cannotbe issued at a discount except sweat equity shares$ Time gap between 2 buy-backs shall be minimum 1 year.$ Stringent norms provided for acceptance of fresh deposits from membersand public$ Any deposit accepted before the commencement of 2013 Act or any interestdue thereon to be repaid within 1 year from the commencement of 2013 Act orfrom the date on which such payments are due, whichever is earlier.$ Credit rating made mandatory for acceptance of public deposits.$ 2% of average net profits of last 3 years to be mandatorily spent on CSR bycompanies having – net worth of ‘ 5 billion or more; or turnover of ‘ 10 billionor more; or net profit of ‘ 50 million or more.$ To align withthe provisions of the Income tax Act, companies to have auniform financial year - ending on 31 March each year$ Consolidationof financials for a company having a subsidiary, associate or ajoint venture made mandatory$ National Financial Reporting Authority (NFRA) to be constituted by CentralGovernment to provide for dealing with matters relating to accounting andauditing policies and standards to be followed by companies and their auditors$ Mandatory audit rotation for listed and prescribed classes of companies.$ Restriction placed on provision of specified non-audit services by an auditorto ensure independence and accountability of the auditor.$ Mandatory internal audit for prescribed classes of companies.$ At least 1 director of a company shall be a person who has stayed in Indiafor 182 days or more in the previous calendar year. Existing companies tocomply with this provision within 1 year from the date of commencement ofthe 2013 Act.$ Listed and prescribed class of companies to have at least 1 womandirector.Existing companies to comply with this provision within 1 year fromthe date of commencement of the 2013 Act.$ Prescribed class of companies to have whole-time Key ManagerialPersonnel (KMP)– Chief Finance Officer to be a whole time KMP for prescribedclasses of companies – Whole time Director included in definition of KMP.$ Electronic voting forBoard and shareholders meetings introduced.$ Following committees of the Board made mandatory for listed andprescribed classes of companies :– Audit committee, Stakeholder relationshipcommittee, Nomination and Remuneration committee and Corporate SocialResponsibility committee$ Director to vacate office on remaining absent from all the meetings of theBoard of Directors held during 12 months with or without obtaining leaveof absence.$ Contents of Directors’ Report elaborated. Directors to annually report onthe existence and effective operations of systems on compliance with allapplicable laws. – Business Positive Bureau

Key HighlightsThe New CompaniesSebi has in the past asked contracting partiesto delete such options from the shareholderagreements. Similarly in case of a foreignPE investor, RBI holds the view thatinstruments carrying put options should betreated as debt and should follow regulationssimilar to ECBs. Therefore even if Sebiallows these options through an amendment,uncertainty still remains for a foreign investoruntil RBI clarifies their position. There is aneed for consistency and clarity acrossregulators in this regard.

From an exit perspective, the new lawallows an Indian company to merge with aforeign company, thereby facilitating cross-border M&A. Also mandatory allocation ofcertain percentage of profits to reserves isdone away with. This means higherrepatriation in the form of dividends, whichis a strong positive for PE investors. On theother hand, the Companies Act, 2013 alsointroduces a one year cooling period betweentwo consecutive buybacks, which may limitrepatriation strategies for PE investors.Welcome news for PE investors is thatdifferential rights on shares will now beallowed but will be subject to rules that areyet to be prescribed.

Finally the Act proposes to free the HighCourts and eliminate Company Law Boards,replacing them with a dedicated law tribunal– National Company Law Tribunal (NCLT),appeals from which will lie in the NationalCorporate Law Appellate Tribunal. Eventhough final implementation may take sometime, this is a major step towards achievingspeedy resolution of corporate cases.

The design of the New Companies Actattempts to streamline the corporate structureof the country to meet the needs of a rapidlychanging business environment. Althoughsome clauses need to be implemented morepractically by the government, the Act posesgreat promise to meeting the much neededobjective of improving the country’s.

contd. from page 2...

and delineate the scope of works ofthe Promoter and the Builder.Professional parlance dictated thatthe role of a promoter needed to bethat of a client and the role of thebuilder had to be that of a ProjectConstruction Manager.

This point has always been atthe fore front of all project planning.They realized that the first andforemost requirement of goodconstruction lies in propermanagement of constructionmaterials and constructiontechniques.

Meghmallar’s motto–

% Quality has to be created

% Quality cannot be bought

% Quality product depends onquality inputs.


Professionalism inConstruction Management

MEGHMALLAR

roject Execution is the biggestchallenge today, especially on timeand within budget. Project Executionactually implies the overall planning,coordination and control of a projectfrom inception to completion aimedat meeting a client’s requirements inorder to produce a functionally andfinancially viable project. Aninteresting and challenging scenarioemerges when the role of the clientand project executor converges. Thisdual role is played by all promoters& builders.

To deliver a project which istechnically sound and within budgetone needs to keep abreast of thelatest trends in the constructionindustry. Meghmallar has been inthe Real estate business as a builderand promoter since the last twodecades and they feel proud of it.The company always keptcommitment to their stakeholdersin a befitting and professionalmanner. The company authoritysaid– “Our commitments have beenpossible because we always believein the fact that a home is a onetimeinvestment for our clients. Webelieve that profit should be earnedwith dignity and pride. Profit shouldaccrue as a bye product of an honestand practical approach to creatingwealth for society. This is possibleonly if we can build up a team spiritwith all our stakeholderscommensurate with a practical andan honest respect to emergingtechnology and professionalmanagement techniques.”

Meghmallar made the

begining in 1987, the size of theprojects were small and the utilizethe technical support of all therestakeholders to maintain quality oftheir workmanships and materialused. The process was very tediousand time consuming. The scale ofthe projects did not justifymechanization and introduction ofprofessional managementtechniques in construction.Gradually with time as they scaledup the project sizes they preferredto bring in technology inconstruction through phase wisemechanization of construction. Atthe same time they started to adaptprofessional managementtechniques. The process of shiftingto a professional company requiresa paradigm shift in once mindset. Avery delicate and balanced approachwas essential to separate, coordinate

P



LowerSubansiriHydroElectricProjectsafe andsecure

–NHPC

fter nearly two years of completehalt in Gerukamukh LowerSubansiri Project , the NHPC againcomes forward to break the ice.NHPC’s appeal and assurance to thepeople of Assam-”the dam is totallysafe and secure. It is being built asper the recommendations andguidelines of expert committee .Itwould neither break down in waterpressure nor in earthquake.Moreover, there is no any fear ofdownstream effect, instead it wouldhelp to control flood”. Theorganization has recently invited agroup of journalist from Guwahatito visit the project site .Speaking tothe media person Mr.Rakesh, Executive Director,LSHEP, said, “As a govt.undertaking NHPC isalways committed to thepeople of Assam and Northeast. It would never doanything, nor did anythingwhich is anti-people oragainst common good. Nodoubt, there are someapprehensions among thepeople of northeast aboutthe project. But a certainsection of people spread the

rumor that NHPC is constantlyconspiring against the people ofAssam .But reality is not likethat.”Explaining in details about thedam design and safety, Mr. Rakeshinformed- the dam which is beingbuilt in Subansiri is a ConcreteGravity Dam. All the necessaryguidelines and instruction of expertgroup is followed here. The heightof the dam is 210 meters from thesea level and 116 meters from theriver bed. As the project is Run ofThe River , the dam would not blockthe river flow. There are eighttunnels in the dam. One tunnelamong the eight tunnels will remain

Region-wise Hydropower potential interms of installed capacity (in MW)

A


open for 24x7 where 250-300 cubicmeter/second of water would bedischarged. So, there is not any fearof dry up of the river in lower part.Actually the general flow of waterof Subansiri in lean period/ winterseason is 250-300 cubic meter/second. On the other hand, in rainyseason ,the water level would bemaintained in 15 meters below thepinnacle of the dam. In case ofexcess water ,eight surge tunnel ismaintained here. The executiveDirector claimed, “LSHEP is a multi-purpose dam. Along with electricityproduction, flood control, irrigationwater navigation etc purpose couldbe carried out. But firstly , priorityis given on electricity productionand flood control. Afterwards, otheraspects would be considered.”Though irrigation is a state subjet,according to Mr. Rakesh,NHPC hasengaged IIT,Rurkee for feasibilitystudy.It is to be mentioned thatAssam would get total 533MWelectricity from NHPC’s project.Asper Hydro policy, Assam would get25MW free power,It can buyanother 208 MW Power.Additionally the central govt. hasdecided to provide 300MWunallocated power to Assam.

Dam safetyThe concrete Gravity Dam of 116meter height has been designed forall statutory load combinationsincluding all water and seismic loadsas stipulated in IS code 6512.Provisions for bureau of IndianStandards and national/internationalpractise have been followed forstability and design of dam. Furtherduring exposure of the damFoundation, the rock massparameters of the damfoundation were tested andhave been found to be betterthan evaluated earlier duringpreliminary design stage.

Though the dam hasbeen meeting all theprescribed criteria all along,doubts were raised on thestability of the damparticularly in view of weakrock present and highseismicity. Although it is notdifficult to design a dam on weakrock for any set of loading conditionsas the weak strength propertieswould only make the section widerwhich in the present case was alreadydone since from the very beginning.To clear the doubts of safety andstability of dam, its design features

have again beenthoroughly reviewedby an independentbody- Dam DesignReview Panel(DDRP) as per therecommendations ofThatte committee.DDRP has suggestedsome additionalsafety measures thatwill ensures a t i s f a c t o r yperformance of thedam on a long termbasis for all prescribedloading conditions inthe present geoseismological setup.&&&&& The dam has been

designed for seismic designparameters as approved by nationalcommittee on seismic designparameters.&&&&& Base width for the dam which waskept 1.35 times of Dam height willfurther be increased to 2.16 times toincorporate the additional safetymeasure proposed by DDRP.Normally based with is kept as 0.8

times of dam height.&&&&& 30 m long concrete apron providedat the toe of the dam with end shearkey and 36mm diameter 9m longanchors to prevent any damage todam toe.

Site specific seismic designparameters study of LSP wasconducted by Dept of earthquakeEngineering IIT Roorkee. Therecommended seismic designparameters (0.38g PGA) wereapproved by NCSDP. Expert grouphas disputed the seismic designparameters adopted for SLP. Owingto this, NHPC has obtained theopinion of Emeritus Prof. A S Arya,an eminent earthquake engineer andDr. J R Kayal, former Dy. DirectorGeneral and a known seismologist,who have confirmed that PGA valueneed not to be increased beyond0.38g.

Project background&&&&& Project conceived in the year 1955by CWC & GSI&&&&& Detailed investigation started since1976 and agencies involved were


CWC, GSI, BFCC, CSMRS, NEHARI, &CWPRS.&&&&& Brahmaputra Board submitted thefeasibility Report in the year 1983 afterdetailed investigations.&&&&& Project handed over to the NHPC inMarch /May 2000 for DPR preparationand execution.

Chronology of clearance&&&&& NOC from Govt of Assam in January2002&&&&& TEC from CEA in January 2003&&&&& Defence Clearance In February 2003&&&&& PIB clearance in April 2003&&&&& Environment clearance in July 2003&&&&& CCEA clearance in September 2003&&&&& NCSDP clearance in April 2004&&&&& Forest clearance in October 2004&&&&& Construction work started in January2005

Summary of Hydro projects in Ar. Pradesh


Business, which once had piles of documents,has now opted all digital formats. Earliersearching up of information usually took a lot oftime, now it has become easier and faster bothsearching and sharing of information. Completeintegration of business software within a businessensures improved productivity, efficiency andhence increased profit. Business software istaking business into a new dimension and makingmore competitive. Infaura – An agency founded on December 2012, based atDuliajan,Assam; has been providing a suite of products featuring various businessneeds, to monitor and improve productivity and increased profitability. StudentManagement System(Ideal for Educational Institutes); Hospital ManagementSolution; Payroll Management System; Invoicing App; Retail Management Solution;Tea Garden Management Solutions are some benefiting key stakeholders. AtInfaura business can find a custom solution to fully suit its needs. Staffed withexperienced agency professionals, disciplined and knowledgeable training andsupport specialists and engineers (who have turned their passion into profession);Infaura thrives on the immediacy of a client’s business, building ideas into highquality products using latest standards below cost and above qualityexpectations).Few other Infaura services for business interest are:- Front/BackEnd Website Development, Website Maintenance and Support, ContentManagement, Web and Social Media Advertising, SEO, Long term WebManagement/Maintenance Service etc.How to reach! [email protected],[email protected] Contact No. - +91-97074-08976

Infauraproviding Business software

City center Mall- a new shopping mall is coming up inGuwahati. Set up nearby International Hospital ,Christianbastiwhich is under construction, the project is taken up byBrahmaputra group. There will be dual entrances to the mallboth from GS road and Zoo road. A complete zone for shoppingand entertainment, City Centre would be the first of its kindin the entire north-east. Sprawling over 4,25,000 sq ft builtup areas the Mall will be of G+5 type. There would be 6 screenpvr cinemas. With more than 150+ retail shops, anchor shops,food courts,fine dining and entertainment zone the center willbe world class shopping and entertainment plaza. The fully A/C shopping center will provide a complete lifestyle experienceto its customers. The Mall would have 500+ car parkingbasement and large atrium space. If anybody/group interestedto book a shop he/she can contact at 9854077777/9854044444or email at [email protected]

Coming up-City center Mall

Genome Valley based Vaccine and Bio-Therapeutic Innovator; Bharat Biotechrecently launched its Vero cell- derived purified inactivated JE vaccine“JENVAC™” which received the manufacturing and marketing approvals byDrug Controller General of India (DCGI). It is a fully indigenous vaccinecommercialized using strain, identified, characterized, manufactured and testedin India.The uniqueness of JENVAC™ is its strength to provide increasedimmunogenicity and long term protection as a result of unique manufacturingtechnologies. The virus strain for this vaccine was isolated in Kolar, Karnatakaduring the early 1980’s and characterized by the National Institute of VirologyPune and the strains were transferred to Bharat Biotech for further vaccinedevelopment. The vaccine candidate strain was adapted to vero cell substrateand it is manufactured using novel purification, inactivation techniques withadvanced bioreactor technology. The most significant benefit JENVAC™ bringsover live attenuated vaccines is that it can be administered during diseaseepidemics because it is a highly purified and inactivated vaccine. Dr. V.M.Katoch, Secretary Department of Health Research, Govt of India, said “JENVAC not only represents as a successful example of developing a totallyIndian product of immense public health importance by public -privatepartnership but also will prove to be a good stimulus to ICMR institutes andother institutions to move fast with their leads to fully developed products byfollowing this route” In the clinical trials JENVAC™ showed superior safetyand immunogenicity, in head to head comparison with the live SA14-14-2vaccine. JENVAC™ met all its primary and secondary endpoints, in the agegroup of 1 to 50 years, after 1 or 2 doses of vaccination. Phase III trialsshowed 98.7% sero-protection 28 days after the 1st dose and 99.8% sero-protection 28 days after dose the 2nd dose. The results proved that JENVAC™can be administered as a single dose during epidemics for mass vaccinationcampaigns and also as a 2 dose schedule during routine immunization as partof the National Immunization program in endemic regions. The added benefitof JENVAC™ is its ability to provide long term sero-protection.

JENVAC™Indigenous Japanese Encephalitis vaccine

– Business Positive Bureau, Delhi

It is beyond doubt, that in today’s world,mobile devices are the most personal andyet powerful technology used by anyindividual- be it a businessman, abureaucrat, corporate leader or a student.In current times, it is used not only formaking calls or texting, but has become apart of our lifestyle. Data consumption hasgrown by 117.0% compared to thecorresponding quarter last year and hasreached 27.3 billion MBs in the currentquarter. This is surely a pointer to thedirection, which is set for the growth ofdata in India. In the last few Quarters Airtelhas witnessed a steady growth in data, asit has moved up. Interestingly, out of the12 million users of the Re 1 video storeStore’, which allows customers todownload a host of services includingmusic, games, videos and photos – all forjust Re 1— of these, 4million were firsttime mobile internet users. Launched inMay 2013, this proposition introducedaffordable video downloads across 8genres (including movies, lifestyle, music,comedy etc.). As part of this, a back-endtechnology powered its library of 30,000+videos worked as compatible with all formsof mobile technology (GPRS/2G/3G) andalmost all mobile devices. Airtel mobilecustomers can dial 56789 from their phonesto visit the ‘Re 1 Entertainment Store’ andget started. The store is compatible withover 5,500 mobile devices including featurephones.Just how well the ‘Re 1 videos’campaign innovation did for Airtel, on thedata front, is evident from theencouragement Airtel got to broad base itinto the all new ‘Re 1 Entertainment Store’.The Traction seen by Airtel’s Re 1 videos-12 million users of the Re 1 video store— of these, 4 million were first time mobileinternet users,Traffic volume on Airtel Liveincreased to a whopping 22 million in July2013 from 12 million in March 2013. Some3,00,000+ videos, games, songs andphotos available for across languages,genres and devices + internet browsingpacks for social networks / news websites— all at Re 1 only.


Airtel simplifies datafor customer usage


World Architecture Day Celebrated by Tata Tiscon on 7th October 2013 at Guwahati,Assam


At a grand and glittering show Ms.Deepshikha Verma from Dehradun andMr. Amit Singh from New Delhi werecrowned as Myshopbazzar.com Ms. India& Mr. India 2013 . Mr. Sagar Shah fromVadodara & Ms. Shikha Sharma fromChandigarh were declared as the firstrunner up and Mr. Manish Mehta fromDelhi & Ms. Esha Tewari Pandey fromNoida were declared as the second runnerup. The fashion gala was held in NewDelhi on 19th October Where BUSNIESSPOSITIVE took an active part magazinemedia partner. Eminent jury and brandambassadors for the beauty pageantincluded Mr. Shakti Anand, a famous TVactor who has worked in famous TVserials, Sudeepa Singh an Indian modeland actress, Actress Nisha Kothari, TVAnchor Yogita Singh, TV and BollywoodActor Amar Upadhyay, Akhil Kumar-Indian Boxer and Arjuna Awardee, FashionDesigner- Shravan KumarRamaswamy.The grand finale waschoreographed by Fashion ChoreographerShie Lobo.The winners of subtitles are asfollows: Ms. Talented (Male & Female):

Myshopbazzar.com Ms. India& Mr. India 2013 crowned

Mr. Ankit Verma & Ms. Vidhi Sachdev,Ms. Photogenic (Male & Female): Mr.Rajat Pal & Ms. Shweta Pal,Ms. Popular(Male & Female): Mr. Manjunatha ReddyG & Ms. Payal Singh,Best Model (Male& Female): Mr. Manish Dadheech & Ms.Savita Singh,Best Walk (Male & Female):Mr. Dr Kuldeep Sharma & Ms. RadhaBhatt,Beautiful Eyes (Female): Ms. AshaFred,Best Physique (Male): Mr. ParvezMagray,Best Smile (Male & Female): Mr.Vishwash sharma & Ms. Sonali Verma.The mesmerizing evening was filled withwell known celebrities from various walksof life. Amar Upadhyay,crowned Mr Indiasaid, “I would like to personally thankMyshopbazzar.com to provide me theopportunity to be a jury member for sucha wonderful beauty contest. Theenthusiasm and competitive spirit seenamong the contestants was trulyinspiring.” The contest consisted of sixstages. The first three stages consistedof objective type questionnaires on topicslike Current Affairs, Hollywood & IndianFilm industry, IQ assessment. Thecontestants answered these questionnaires

on myshopbazzar.com website. In thefourth stage, the participants submittedtheir two minute videos where they saidsomething about themselves. On the basisof that, 50 contestants were shortlistedfrom all over the India. Those shortlisted50 candidates were moved on to thepenultimate 5th stage which consisted ofa subjective type questionnaire where 5questions on different topics were put tothe contestants and they were required toprovide answers in 500 words. In the lastscreening stage, 10 candidates for Ms.India title and 10 candidates for Mr. Indiatitle were shortlisted based on the pointsthat each candidate scored. Ten candidatesfor Ms. India title and ten candidates forMr. India title were shortlisted for today’smain grand finale from all over thecountry. Myshopbazzar.com, apart frombeing one of India’s fastest growing onlineshopping portals has also been activelyinvolved in creating awareness about socialand environmental issues critical formodern India. As a responsible corporateorganization, we have undertaken issueslike Save the Girl Child, Save Electricity,Go Green and Save Water asour Corporate Social Responsibility.

AAAAAmidst glamour and glitter in the capitalmidst glamour and glitter in the capitalmidst glamour and glitter in the capitalmidst glamour and glitter in the capitalmidst glamour and glitter in the capital

– Business Positive Bureau, Delhi

Some interesting moments

myshopbazzar.com Ms. India & Mr. India 2013myshopbazzar.com Ms. India & Mr. India 2013

Businesspositive feelsproud to bemagazinepartner

Bp november 2013

Economy & Finance

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