Category Archives: Organization

Hindus rated “fairly warmly” in USA, survey reveals

Most religious groups in USA rate Hindus fairly warmly, according to “polling and analysis” posted by Washington DC headquartered Pew Research Center, a nonpartisan fact tank, on February 15.

Asked to rate a variety of groups on a “feeling thermometer” ranging from 0 to 100, Americans’ feelings toward Hindus have shifted from relatively neutral place of 50 in 2014 on the thermometer to somewhat warmer rating of 58.

Americans aged 18-29 put the Hindus at 64 on the thermometer, which is higher than Jews, Atheists, Evangelical Christians, Mainline Protestants, Muslims and Mormons. Jews gave Hindus a thermometer rating of 70, which is highest given to Hindus by any religious group.

Hindus were rated at 70 by those who had personal connections with someone in the Hindu community, as compared to 54 given by those who had no such connection.

But only 22% of Americans say they personally know a Hindu.

These were among the findings of a new Pew Research Center survey of 4,248 adults conducted between January nine to 23 on the Center’s nationally representative American Trends Panel.

Meanwhile Hindu statesman Rajan Zed, in a statement in Nevada today, congratulating the American Hindu community on climbing higher on the warmth scale; urged them to continue with the traditional values of hard work, higher morals, stress on education, sanctity of marriage, etc.; amidst so many distractions.

Rajan Zed, who is President of Universal Society of Hinduism, advised Hindus to focus on inner search, stay pure, explore the vast wisdom of scriptures, make spirituality more attractive to youth and children, stay away from the greed, and always keep God in the life.

There are about three million Hindus in USA.

Mr. K. T. Rama Rao Lays Foundation for BE’s Vaccine SEZ Plant

Hyderabad, India – February 6, 2017: Mr. K. T. Rama Rao, Honourable Minister for Industries & Commerce, IT, Municipal Administration & Urban Development, unveiled the foundation for a new vaccines plant being constructed by Biological E. Limited (BE) in the Special Economic Zone (SEZ) at Genome Valley in Kolthur Village, located on the outskirts of Hyderabad. The Minister was accompanied by Dr. Paul Stoffels, Worldwide Chairman, Pharmaceuticals, Johnson & Johnson (J&J), Ms. Mahima Datla, Managing Director, BE, Mr. Jayesh Ranjan, IT Secretary, Soumya Swaminathan, Director-general, Indian Council of Medical Research, and Mr. M. Sudheer Reddy, Medchal MLA, at the inaugural event of laying the foundation.

Addressing the gathering on this occasion, the Minister appreciated the expansion efforts of Biological E. Limited in being aligned with the State Government’s vision of industrial expansion, creation of employment and the commitment to make Hyderabad an industrial hub in India and thus realise the dream of the honourable Chief Minister, K. Chandrashekar Rao – the creation of Bangaru (/Golden) Telangana. He fondly recalled that BE, as one of the foremost Pharmaceutical & Biologics Companies in India, being based out of the State of Telangana, in addition to substantial exports of vaccines, contributes significantly to the Universal Immunization Programme launched by the Government of India.

Welcoming the gathering, Ms. Mahima Datla, Managing Director, BE, thanked the Honourable Minister and Dr. Stoffels, for laying the foundation for the new vaccines plant at the recently approved SEZ. The MD also appreciated the efforts of the Government of Telangana in general and Mr. K T Rama Rao in particular for helping the investors and entrepreneurs in setting up new ventures and industries and creating a conducive environment for smooth execution of business operations.

Elaborating further about the plant, Ms. Mahima said that BE is planning an initial investment of up to Rs.300 crore in this new plant, which would help the existing vaccines plant augment the production and manufacture new products that are in the pipeline. This investment is in line with and part of the already earmarked overall outlay of Rs.1000 crore in the Genome Valley across BE’s Vaccines & Pharma businesses that are underway. The construction of this new SEZ vaccines plant on about 29 acres of land would be completed by April 2018 and commercial production is expected to begin by December 2019. Ms. Mahima also said that by the time BE’s expansion initiatives in the Genome Valley are completed, an additional employment opportunity for around 1000 people would be generated.

About Biological E. Limited

Biological E. Limited (BE), founded in 1953, the first private sector biological products company in India and the first pharmaceutical company in South India. Originally incorporated as Biological Products Private Limited, BE is a globally recognized vaccine manufacturer and has supplied over two billion doses of vaccines till date all over the world.

BE supplies several essential and lifesaving Vaccines and Pharmaceuticals to UN Agencies viz. UNICEF, PAHO and several global markets, and in India to the National Immunization Programme, various State Governments, PSUs, Indian Armed Forces and the domestic retail market. With a mission to improve health & survival of people, BE serves by providing equitable access to quality vaccines and therapeutics. BE has a long and richly textured history of supporting public health programmes in India for over five decades. BE’s portfolio of WHO pre-qualified vaccines include the 5-in-1 Pentavalent and a Japanese Encephalitis vaccine and its future offerings promise to be even more exciting.

Indian Stock Market near Lifetime High; Waiting Election Results

Indian stock market is trading near its lifetime high and investor community is waiting for results. While many market and technical analysts have downplayed the role of politics and have said that Indian economy is strong, there is growing concern over the next government in India.

The ongoing elections have created an uncertainty in the mind of investors. Markets are staying range-bound and waiting for election outcomes on 16 May.

The business community favors a stable government. There is growing consensus that the major opposition party BJP could make the next government. However, the AAP factor could spoil the BJP campaign. Many regional parties have also decided to keep BJP out of power. The future of the country will depend on the number of seats NDA combine will get in the elections.

Among Indian stocks, major gainers on Friday were Tata Power, Ambuja Cements, Lupin, BPCL and HCL Tech. Among major losers were Jindal Steel, Tata Steel, Larsen, Sesa Sterlite and Maruti Suzuki.

The earnings season has some positive surprises for investors. While automobile sector is suffering due to lower sales, Bajaj Auto has managed to increase its market share to 20 percent compared to 17 percent in December.

Ranbaxy Reports Loss of Rs 454 Crore for Quarter Ending September

Ranbaxy Laboratories has reported Rs 454 crore loss for quarter ending September 2013 on 3.4% rise in revenues. The biggest pharmaceutical company in India has been suffering for past few years due to regulatory troubles with US FDA.

Ranbaxy Labs reported profit of Rs 754 during the same quarter last year. The company also suffered on account of stock write-off worth Rs 70 crore at Mohali plant. The company registered forex loss of Rs 360 crore during the quarter.

The revenue was up by 3.4% at Rs 2802 crore. The company registered Rs 480 crore sales in East Europe. The sales in West Europe were down by 31 percent. The company managed to grow marginally in Africa and Middle East.

The company has disappointed investors on many occasions in the past couple of years. Even after the Japanese pharmaceutical company took over the control of Ranbaxy, things haven’t improved much. The stock seems over-valued at current levels, considering the issues like FDA alerts on all its plants in India.

Congress Plays Cheap Political Trick with 9 LPG Cylinders in Congress Ruled States

Facing the pressure from opposition and UPA allies over the increase in diesel price, and FDI, Congress has played another card by increasing the number of subsidized LPG cylinders in a year from 6 to 9 in congress ruled states.

The decision comes after most political parties announced that 6 LPG cylinders per year are too low as common household consumption is more. Congress has directed the states where it has ruling to offer 3 additional cylinders at subsidy to consumers.

Mamata Banerjee has decided to withdraw support from UPA and their ministers will offer resignation on Friday. The Congress party leaders held meeting in New Delhi to discuss next course of action. The decision of Mamata Banerjee to quit the UPA government comes as her demands for rollback were not heard by Congress leadership.

Congress wants to push ahead with the reforms but its allies are not allowing it to move forward. Congress is also portraying itself as a victim to win public support, but with rising expenses, common man can not support the decisions of the government. Congress should have thought of other reforms, which could have allowed the government to reduce deficit rather than increasing diesel prices by Rs 5, which will surely impact budget of most of the people in the country.

Air India Strike Continues; DGCA Plans Strict Action

Air India pilots on strike might be in for a negative surprise as DGCA is considering cancellation of licenses. Many pilots have been issued show cause notice.

After the tough message sent across by aviation minister Ajit Singh, there are expectations that Air India pilots can return to work. The minister did not meet the pilot representatives and asked them to join their duties before any further talk.

Indian Pilots’ Guild has been derecognised by the Indian government and DGCA is considering tough action against office bearers of IPG.

Air India has been suffering massive losses in the past few quarters. After the government offered funds to keep the day-to-day business running at the national carrier, there has been pressure on Air India to register positive growth.

The aviation sector in India has been under pressure due to higher fuel costs. Vijay Mallya owned Kingfisher is private carrier facing trouble due to massive losses.

Water Flows On Mars, Say Experts

“This is the single most powerful piece of evidence for liquid water at Mars that has been discovered by the Opportunity rover”, said an expert from the Cornell University, Steve Squyres, who is serving as a Principal Investigator of Opportunity, while appearing for an interview with the American Geophysical Union.

The expert made the statement in response to an announcement made by scientists claiming to acknowledge several evidences to show existence of water on Mars, identified by a well-traveled NASA Mars rover, on Wednesday.

Around eight years back, the Opportunity rover had landed successfully on Mars and acknowledged a very thin bright mineral vein along with Endeavour, rim of a huge crater. After analyzing the attributes, the experts have notified that the mineral resembles gypsum in a number of properties.

The Opportunity, a golf-cart-size rover, along with its twin Spirit has succeeded to land on Mars in January 2004, as an attempt to complete its hunt to identify the signs of various water activities occurred during the ancient era, particularly on the planet that has a popular name “Red Planet”.

After completing a three-year trek, the Opportunity entered the 14-mile-wide Endeavour Crater in August and discovered the mineral vein that is believed around 51 centimeters long with identical thickness of a human thumb.

During the last month, the scientists have properly examined the vein with the help of cameras installed in the Opportunity as well as X-ray spectrometer and marked it as a hydrated form of calcium sulfate. Presently, the material is used in the making of drywall and plaster of Paris.

A rover project scientist at NASA’s Jet Propulsion Laboratory in Pasadena, Bruce Banerdt, notified some symptoms of advanced age in the robotic arm joints of Opportunity, identical to shoulder of a person living with arthritics.

NASA Claims To Have Identified a New Planet, Kepler-22b

“This discovery shows that we Homo sapiens are straining our reach into the universe to find planets that remind us of home. We are almost there”, said an expert from the University of California, Geoff Marcy, in an email while briefing about the discovery of a latest planet that resembles earth. In addition, the expert has also tagged it as a phenomenal discovery up till now in history.

Further, the experts have notified that the newly identified planet that has reflected all feasible conditions to support life is located outside the solar system. According to astronomers, the planet is smack in the middle of the Goldilocks zone, a difficult location to be acknowledged easily, although, possessing feasible environmental for life conditions that are not cold or hot, extremely. Scientists have notified that it has 72 degrees temperature, identical to the surface of a shopping mall.

On Monday, the NASA officials have confirmed the discovery of new planet along with other discoveries such as Kepler telescope. The high potential telescope was launched during the planet-hunting mission, observed in 2009.

This is for the first time, when scientists have acknowledged any planet in the inhabitable zone for Kepler. The new planet is named as Kepler-22b and possess some similar features that of earth, although, circles a star identical to sun along with same distance, approximately. Besides environmental conditions, it is believed to have one year of 290 days, very close to the year of earth.

The Kepler Deputy Science Chief, Natalie Batalha, notified that the planet has also displayed some tough conditions such as its size and notified that it is approximately 2.4 times more as compared to the size of earth. Further, the expert has anticipated possibilities that it can support an environment like gas-and-liquid Neptune.

Will Indian Retailers Allow FDI?

There seems to be no end to the controversy surrounding FDI in retail for the Indian Government as mass protests across all the states are not soothing out. While parliament is not reaching at any consensus at all on the same, there are over 6,000 traders in Shimla who have closed their shops to oppose the decision.

Adding fuel to the fire in the joint opposition by Bharatiya Janata Party (BJP) in the state and Communist Party of India-Marxist (CPI-M), which are hell bent to jolt the government. As of now, no reports of violence have been received.

“We have got very good response from across the country and 5 crore traders will not open their shops tomorrow. They will hold protest in their own markets. We will not hold demonstrations in front of foreign stores”, said Praveen Khandelwal, Secretary-General of the Confederation of All India Traders association. Backed by support from other states, there seems to be no early breather for the government.

Apparently, there are confirmed reports that several Bharti-Walmart stores would be shut down on Thursday to avoid any violence. Even security has been escalated at stores of World’s second largest retailer Carrefour in Delhi and Jaipur as a part of precautionary measures. Meanwhile, such similar shutter down operation was seen in Karnataka against the government’s decision to allow 51% the FDI in retail.

Nonetheless, the government has assured that there decision in favor of public interest, there are lingering fears in the minds of retailers that there would be threat to their presence in case such malls are being set up in their states.

There are countries like US where such decisions have affected many small stores, and that’s what has made retailers to put up strong opposition for the entry of foreign players in the retail market. While government would be putting up their best efforts, it would be interesting to see how they would seam through the fierce attack of retailers and opposition parties.

Asia Stocks, Won Jump on Central Bank’s Move

While countries across the world are grappling to combat the constraints triggered by the long running debt crisis in Europe, central bank’s intervention has certainly given the much needed boost to global market.

If reports are to be referred to, it has been seen that the MSCI Asia Pacific Index went up by 3.5% MSCI Asia Pacific Index, while the Standard & Poor’s 500 Index futures moved up by 0.2%. It was also told that South Korea’s won was seen moving up by 1.8% and the Dollar Index nosedived by 0.2%.

Market observers are of the view that this jump was all due to the steps taken by six central banks. It has been told that Federal Reserve has reduced the cost at which dollar is being given to others through swap agreements. This step would allow purchase of dollar easy for other countries. Even the People’s Bank of China has trim down the reserve requirements after 2008.

With such steps being taken, there is common belief that global monetary policy is making a transition towards good but how long it will take to negate the problem of debt crisis is yet not known.

There was rise of 2.8% in Commonwealth Bank of Australia (CBA), and 14% in Evergrande Real Estate Group Ltd in Hong Kong. There has been Beige Book survey which has revealed that the economy has done well in recent times and that due to significant performance in manufacturing and consumer sector. This survey also made it clear that despite all the lingering fears about US recession, there are fair chances that Us economy would be able to seam through all challenges, however, unemployment rate would remain a concerning point for one and all.

It has been confirmed that the US Federal Reserve, the European Central Bank, and the central banks of the UK, Canada, Japan and Switzerland would take some concrete decision on 5 December.