Category Archives: Province or State

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.

Reliance Power Reaches Agreement with JP Group to Acquire Hydroelectric Business

Reliance Power has reached an agreement to acquire 1,800 mega watt hydropower assets of Jaypee Group. Reliance CleanGen, a unit of Reliance Power, will acquire 100 percent stake in the hydroelectric power business of Jaypee Group.

The financial terms of the deal have not been disclosed yet. After the deal, Reliance Power will become the largest private sector company in India in hydroelectric sector with combined capacity of 7,800 mega watts.

SBI Capital Markets has acted as the advisors to the group for the deal which marks the biggest deal in the power sector in India.

Jaypee Group had earlier offloaded its hydroelectric power projects in Himachal Pradesh to Abu Dhabi based energy major for Rs 10,500 crore. The deal could not be finalized.

Reliance Power was trading around Rs 93 in today’s market. The stock has touched 52-week high of Rs 112 and low of Rs 60.

Indian Market Closes Marginally Lower; Metal Stocks Shine

Indian Stock Market closed marginally lower after hovering in negative territory for the trading session. European markets closed marginally higher compared to previous closing. BSE Sensex was down by 22 points at 19453 during the closing bell.

USD gained further ground compared to Indian currency. USD-INR was trading at 54.85. Euro was also trading strong at 72.81. Euro is near its all time high compared to Indian currency.

Among major gainers in today’s session were metal stocks. Hindalco gained 2.35% to close at Rs 132. Jindal Steel gained 2.2%. Tata Steel was also higher by 1.77% at Rs 431.

Major losers included Ambuja Cements, Sun Pharma, BPCL and Jaiprakash Associates.

Among major companies, Reliance, ONGC, ITC and Coal India closed flat. TCS gained Rs 19.4 to close the day at Rs 1252.

The banking amendment bill received final approval in the parliament today. BJP has retained similar number of seats in Gujarat. Congress won 36 seats in Himachal Pradesh.

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.

Ericsson Join Hands with Airtel

It has been reported that the Swedish firm Ericsson has finalized a deal with Airtel in order to handle more than 70% of Airtel’s network in India, whereas Nokia Siemens Networks (NSN) will be handling the rest of the parts, though the authorities have not disclosed the amount as of now.

“This unique multi-technology managed services partnership with Ericsson will help us focus on creating a compelling service proposition for our customers, as we look to ramp up our market access”, said that Airtel’s Chief Executive Officer for India and South Asia, Sanjay Kapoor, while briefing the contract. Under the spell of the contract, Ericsson will be liable for surplus 15 service areas such as managing Airtel’s networks in regions of Delhi, Haryana, Punjab, Himachal Pradesh, UP, Rajasthan, Jammu and Kashmir, Assam, the North East, Karnataka, Andhra Pradesh, Tamil Nadu, Chennai and Kerala.

In a statement, the company said that Bharti Airtel is one out of the leading global telecommunication companies that successfully delivers its services in around 19 countries across Asia as well as Africa. The service provider has refined its managed services agreement with Ericsson, especially for Indian operations.

In addition, the company authorities have also notified that the five-year contract will support multi-vendor and multi-technology, where Ericsson will be liable for operating maintaining as well as providing its services across 70% of Bharti Airtel’s network across India. Simultaneously, Ericsson will be employed to manage Bharti Airtel’s prepaid customer base.

Sanjay Kapoor has claimed that India can be observed as the third largest internet market with a noteworthy increase in the data traffic, higher number of smartphones as well as wireless networks. Ericsson is believed to have a significant role to create Airtel’s 3G networks in Indian service circles.

Video Games Might Affect Your Emotional Activity

Playing a video game is the favorite time pass for all. But do you know what consequences it leaves on young minds. A recent study has found that young minds who are engaged excessively in playing violent video games can have severe damage on their frontal brain regions.

It is for the very first time when the researchers have showed a link between violent video game and brain damage. The frontal brain regions, is the area where emotional activity takes place. According to the researchers, young minds in the habit of playing violent video games turn less emotional.

The study was conducted at the Department of Radiology and Imaging Sciences at Indiana University School of Medicine. Youngsters in the age group of 18 to 29 were recruited. These young minds were divided in two groups.

The first group was asked to play video game for ten hours a week. However, in the next week of the study, the researchers were asked not to play video games. The other, however, didn’t play video game at all.

The researchers were encouraged to conduct the study after the recent revelation of “pathological Internet misuse”, a condition in which people becomes addictive of gaming and internet. This addiction is also described as mental disorder.

The advent if 3-dimentional graphic and life-like sound has made it difficult for the people to resist the temptations. Therefore, parents have been encouraged to bring in those games which are in accordance to the development of kids’ brain.

Holidays are the most vulnerable period in which kids get hooked to the video games. It is hoped that acknowledging the findings of the study, people will pay greater emphasis in deciding which video game to be purchased. The researchers would now be conducting a separate study to gauge the affect of gaming on health.

Google’s Internet Bus Reaches Kolkata

Introduced in 2009 to serve large number of people in the region, Google’s Internet Bus project is on its newest way to educate and aware more people about the Internet.

After spreading internet awarness all over the country, including 11 states like Karnataka and Tamil Nadu, Google’s Internet Bus project is all set to enter Kolkata now. Moreover, the reports have also confirmed that the project will run through Uluberia on December 2 and will then cover some other regions like Haldia, Purulia, Asansol, Durgapur, Behrampore and Chandannagar.

“We had begun the internet bus back in February 2009 and now the bus will tour the state. We hope to create awareness about the internet as we believe that continuous efforts will enable the common man to utilize the knowledge”, said Google India Director Mr. Vinay Goel, who further added that bus is primarily targeting the first time users of internet, public places and schools.

In the recently started Google Internet Bus Project, the bus actually works with schools of the towns and helps them to learn more and maximum about Internet and its uses. The Google Internet Bus project is an initiative of Google India which aims to all the people aware about internet services and its uses by taking it into those regions of the country, where no one can even imagine. Latest, the project has entered West Bengal and will be serving the region for some time.

With help of the Google’s Internet Bus, the brains behind the project have been able to efficiently take computers and mobile terminals (all connected to the Internet) in the hinterland of India. Moreover, the project has also successfully covered 11 states and 130 cities so far by travelling 50,000 km.

Brooks Labs Earns More Than 30% On Listing

Brooks Laboratories Ltd, a pharmaceutical contract research and manufacturing services firm, got listed at Rs 110 a share as compared to its issue price of Rs 100.

At 09:58 a. m., the company’s shares trimmed the majority of its early gains and were ruling 14% up at Rs 114.

The stock price also touched an intraday high of Rs 131.10, transforming more than 30% gain in trade today.

Mr. Atul Ramchal, CMD, Brooks Labs stated that the company anticipates its top-line to go up by 35-40% during the existing fiscal year on account of superior exports.

He added that the company’s management is optimistic on recording PAT of Rs 20 cr during the subsisting financial year.

Brooks Laboratories caters to antibiotic, antituberculosis therapeutic sections.

The company said that it will utilize the proceeds for establishing a novel manufacturing division at JB SEZ Pvt Ltd, Panoli, Gujarat for a variety of pharmaceuticals formulations.

Bosch Along With Siemens To Set Up Manufacturing Facility In Tamil Nadu

Europe’s biggest home appliances manufacturer BSH Bosch together with the Siemens Group, have decided to make a joint investment of around Rs 500 crore to establish a manufacturing plant near Chennai.

The German firm, via its arm BSH Household Appliances Manufacturing Pvt Ltd, proposes to make home appliances at the novel unit.

As per official statement, the company has requested the state administration to provide 42 acres at Sipcot Industrial Park in Pillaipakkam for establishing the plant, which will manufacture air-conditioners, refrigerators as well as washing machines.

Acceding to its request, Chief Minister Jayalalithaa duirng a function delivered the Letter of Allotment of land to Bosch’s Zonal Manager V K Viswanathahan.

With the establishing of the novel plant, the company would offer up jobs to 2,000 individuals.

Moreover, electronics giant Samsung has made an investment of more than $100 million in their plant in Sriperumbudur .

Panasonic also possesses a plant in Sholavaram and Chennai is also home to original equipment makers like Foxconn and Flextronics.