Category Archives: Business & Economy

Aamir’s Dangal remonetises the box office

Arts, Culture & Entertainment, Business & Economy, , , ,

Analysts expect the movie to become one of the top grossers

dangalmpos28dec2016

New Delhi  :
  

Aamir Khan’s Dangal, which opened on Friday, has come as a boon for cinemas in the era of demonetisation. Analysts and multiplexes believe the movie could notch up ₹100 crore in the opening weekend itself and become one of the top grossers.

The movie, from the studios of Disney Pictures, UTV Motion Pictures and Aamir Khan Productions, has been released across 4,300 screens in India and about 1,000 screens internationally.

Trade analyst Komal Nahata said the movie will appeal to both the masses and the classes as well the urban and the rural consumers.

“It is expected to see historic box-office collections on the opening day. Going by early indications, the movie is also expected to see record lifetime collections,” he added.

According to some analysts, a reason could be that the film is based on a popular sport, wrestling. Besides, earlier this year, the audience had given a thumbs-up to Salman Khan’s Sultan, also based on the same sport. Known to set new records at the box office, the last Aamir Khan-starrer, PK, had raked in an estimated ₹331 crore, becoming the highest grossing bollywood film.

dangalpostermpos28dec2016

PV Sunil, CEO and Director, Carnival Cinemas, said, “Dangal is a boon to the film exhibition industry, especially in the current economic conditions. Our first-day occupancy of around 50 per cent in the matinee shows seems very promising and hints towards a big domestic weekend collection of the film.”

Ticketing platform BookMyShow said it has already hit its fastest one million ticket milestone for a movie with Dangal clocking sales of over ₹20 crore.

Devang Sampat, Director – Strategic Initiatives, Cinépolis India added, “The movie is expected to see a long run at the box office as it is benefiting from a strong word of mouth.”

Tinku Singh, Group President & Chief Strategy Officer SRS Group, said: “Since demonetisation, we have seen a drop in ticket sales at our cinemas, especially in tier-2 cities. But with Dangal, we are seeing average occupancies of 60-65 per cent on the first day.”

The film has brand association tie-ups with Bournvita, Vivel and Nissan Datsun.

source: http://www.thehindubusinessline.com / The Business Line / Home> Variety / by Meenakshi Verma Ambwani / December 23rd, 2016

Digital Jalebi eyes Rs 50 crore turnover in 2 years

Business & Economy, Science & Technology, World Opinion, ,

Bengaluru, KARNATAKA :

digitaljalebimpos12dec2016

Soon after graduating from the National Institute of Design (NID), Syed Fawaz Ahmed and Nikhil Joshi started Digital Jalebi. One will wonder what the second name Jalebi is doing.

“It was Nikhil’s idea to name the company ‘Digital Jalebi’. Nikhil hails from Delhi where Jalebi is a famous sweet dish, and whenever Jalebi is prepared, it represents a joyful occasion like a festival, marriage or any other celebration. So, Jalebi represents a joy factor and whatever projects we do, it has a factor of joy in it. Hence, we thought the name would be appropriate. And also, the name was quite Indian. Hence, we kept the name as Digital Jalebi,” Ahmed tells DH.

The company, which embarked on its journey in September 2012, is engaged in designing interactive installations and software for spaces like museums, exhibitions and planetariums. With varied background of design, software engineering, electronics and multimedia, Digital Jalebi offers end-to-end delivery starting from research, conceptualisation and story-boarding; to content generation, graphic design, animation, 3D modelling; to development, fabrication and installation.

“The first project that we did was for Visvesvaraya Industrial and Technological Museum Bangalore. It was an exhibition based on the life of the great mathematician Srinivas Ramanujan. Digital Jalebi designed and developed the entire exhibition. That was our starting point,” Ahmed says.

“The journey has been exciting. We have learnt a lot of things. With every project we realise importance and need of good technology-aided design in India. Setting benchmark for quality has been a core pillar of Digital Jalebi’s belief, hence most of the clients who work with us, come back to us with more projects. We have made a place for ourselves in industry as a leading interactive studio,” he adds.

Till date, the firm has completed over 60 projects and its repeated customer base is around 20. In the next two years, Digital Jalebi plans to have an annual turnover of Rs 50 crore.

“Last year, our revenues were Rs 2 crore, and this year, we are touching around Rs 5 crore, and in the next two years, we are planning to scale up our operations and we are starting VRchef to get volume work from outside India, especially from the US and the UK. We are planning to start outsourcing model for VR (virtual reality) and AR (augmented reality). Hence, we are trying to scale up operations in terms of space and the number of people,” Ahmed added.

When asked as to how different the firm is from others, Ahmed explains, “We describe ourselves as a new media installation company. We are neither a core game development company, nor a traditional software development company. We aren’t bound to a single stream like virtual reality or augmented reality. We try to tag ourselves to the bigger umbrella which is new media, and that covers all these things. Hence, we feel that our services are quite diverse.”

source: http://www.deccanherald.com / Deccan Herald / Home> Supplements> Economy & Business / by Umesh M Avvannavar / DHNS – December 12th, 2016

Mangaluru: Bearys Chamber of Commerce and Industry inaugurated

Business & Economy, Community Involvement / Social Issues, , , , , , , , , ,

Mangaluru, KARNATAKA :

Mangaluru :

Bearys Chamber of Commerce and Industry, a  trade and industry body of the Beary community, was inaugurated at the conference hall of Hotel Ocean Pearl here on December 9, Friday by DK District in-charge Minister B Ramanatha Rai.

In his address, Rai lauded the  contributions of the Beary community to the trade and industry field. He also described the formation of the Bearys Chamber of Commerce and Industry as a milestone achievement.

UT Khader, State Minister for Food and Civil Supplies, Ivan D’Souza Chief Whip of State Legislative Council, JR Lobo and BA Moidin Bava, MLAs wished success to the new organisation.

Umar TK, Chief of the TK’s Interior Solutions, Bengaluru delivered the key-note address and highlighted the factors contributing to the success in trade and industry. S M Rasheed, President of Bearys Chamber of Commerce and Industry spoke on the objectives of the organisation.

Y Abdulla Kunhi, Chancellor of Yenepoya University presided over the function. Jeevan Saldanha, Chairman of Kanara Chamber of Commerce and Industry, Sayyed Abdul Khader Y,  Mohammad Kunhi,  Iqbal Ahmed, S M Arshad,  Khalid Bava, Ravuf Puttige, Zakaria Bajpe, entrepreneurs, B H Khader, Cashew Corporation Chairman,  Nanyappa, Joint Commissioner of Commercial Tax and others were present as chief guests.

source:  http://www.mangaloretoday.com / Mangalore Today / Home> Main News / Mangalore Today News Network / December 10th, 2016

Cyrus Mistry replaced by Ishaat Hussain as TCS chairman: Tata Sons

Business & Economy, Leaders,

 NEW DELHI / Mumbai, MAHARASHTRA  :

ishaathussain02mpos10nov2016

In a statement, the software giant said a letter from Tata Sons named Hussain as the new chair while the company looks for another replacement.

The Tata Sons today named Ishaat Hussain as the chairman of the Tata Consultancy Services (TCS) in place of Cyrus Mistry with immediate effect.

In a statement, the software giant said a letter from Tata Sons named Hussain as the new chair while the company looks for another replacement.

“The company (TCS) has received a letter dated November 9, 2016 from Tata Sons Ltd nominating Ishaat Hussain as the Chairman of the Board of Directors of the company in place of Cyrus P Mistry with immediate effect. In view of this, Mistry has ceased to be the Chairman of the Board of Directors of the Company and Hussain is the new Chairman of the company,” TCS said in a regulatory filing.

TCS said Hussain shall hold office as the Chairman of the company until a new Chairman is appointed in his place.

“Tata Sons has issued a special notice under Section 169 read with Section 115 of the Companies Act, 2013 and a requisition for convening an extraordinary general meeting of shareholders of the company under Section 100(2) of the Companies Act, 2013 to consider a resolution for the removal of Cyrus P Mistry as Director of the Company,” it added.

Last month, in a sensational coup, Mistry was sacked as Tata Sons chairman and replaced by Ratan N Tata as the interim chairman.

source: http://www.indiatoday.intoday.in / Indiatoday.in / Home> News> India / by Nivedita Dash / New Delhi – November 10th, 2016

10 Facts About New Interim Chairman of TCS Ishaat Hussain

Business & Economy, NRI's / PIO's,

NEW DELHI / Mumbai, MAHARASHTRA  :

 

File image of Ishaat Hussain. (Photo Credit: Getty Images)
File image of Ishaat Hussain. (Photo Credit: Getty Images)

Tata Sons on Thursday appointed Ishaat Hussain as Chairman of Board Of Directors after Cyrus Mistry was ousted as the holding company’s Chairman.

Here are the 10 facts about Ishaat Hussain

* Born on September 2, 1947, Ishaat Hussain completed his schooling from The Doon School in 1963 and joined St. Stephens College Delhi to pursue graduation in Economics.

* Hussain, a chartered accountant from England and Wales, also attended the Advanced Management Program at the Harvard Business School.

* He is associated with the Tata Group since 1983 after Indian Tube was merged with Tata Steel.

* In November 2006, Hussain was appointed a Public Interest Director of Bombay Stock Exchange Limited.

* In January 2008, he was appointed a Trustee on the board of India Foundation for the Arts (IFA).

* Hussain joined the Board of Tata Sons as an Executive Director on July 1, 1999.

* He took over as Finance Director of Tata Sons Ltd. in 2000

* Prior to joining Tata Sons, Hussain has worked as the senior vice-president and executive director – finance in Tata Steel for almost 10 years.

* Besides being on the board of Tata Sons Limited, Hussain is Chairman of Voltas Limited and Tata Sky Limited.

* He is also on the boards of several Tata Companies such as Tata Steel, Tata Industries, Tata Teleservices, Titan Industries Limited.

source: http://www.news18.com / News18.com / Home> News18> Business / November 10th, 2016

These Hyderabadis are new YouTube sensation

Arts, Culture & Entertainment, Business & Economy, Community Involvement / Social Issues, Videos, , , , , , ,

Hyderabad, TELANGANA  :

Viral guys:Syed Viquaruddin, Mohd Abdul Samad, Mizbahuddin and Syed Atif teamed up as Kantriguyz and started making videos in 2013.-Photo: By arrangement
Viral guys:Syed Viquaruddin, Mohd Abdul Samad, Mizbahuddin and Syed Atif teamed up as Kantriguyz and started making videos in 2013.-Photo: By arrangement

They are now recognised in public places

A few random concepts and some funny videos later, these content creators from twin cities are now the brand ambassadors of YouTube. Life has changed all of a sudden for these Hyderabadis who are now recognised in public places and pressured to come up with better videos. Jahnavi Dasetty, who runs her own channel ‘Mahathalli’ and Syed Viquar Mohiuddin of ‘Kantriguyz’ were speakers at the YouTube ‘Happy Hour’ event organised in the city recently.

Less than a year after she uploaded her first video, Jahnavi has now more than one lakh subscribers to her credit. Till date, she has made close to 30 videos in which she essays different characters. “I play simple characters which everyone relates to. I think that clicked well with the viewers,” says Jahnavi who played a middle-class youngster troubled by her mother to get married. Jahnavi, who is interested direction as well, also landed up a role in a Telugu movie after her videos went viral. She also went on to collaborate with other popular creators like Chicago Subbarao.

With their signature Hyderabadi lingo and style, four youngsters, Syed Viquaruddin, Mohd Abdul Samad, Mizbahuddin and Syed Atif teamed up as Kantriguyz and started making videos in 2013.

“There was only one content provider making funny videos in the language that Hyderabadis speak but they were not our inspiration. We followed The Viral Fever channel closely and made Hyderabadi version of a spoof which went viral,” said Mr. Mohiuddin, who is pursuing BBA degree. “We are recognised wherever we go. We are asked by people to make more videos because of which we plan to upload at least three videos a month.”

Their channel has more than 20,000 subscribers.

The youngster has set himself a target too. “If my channel gets more than one lakh subscribers within two years, I will pursue a career in this field.” David Powell, Online Partner Operations efforts across Asia-Pacific, YouTube said that the traditional media content uploaded in India is increasing by 75% every year. He said that a number of events are being conducted by them across the country to encourage regional content providers and provide a platform for them to network and collaborate.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Hyderabad / by Rahul Devulapalli / Hyderabad – November 02nd, 2016

Dubai returned telecom engineer based in Okha claims to end nightmare of dropped calls with this device

Business & Economy, Science & Technology

Okhla, NEW DELHI :

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Dropped calls are a big issue in Okhla. Experts attribute it to high-rise buildings and lack of tower in the locality. The issue is such that many residents feel privileged to get right signal in Batla House, Shaheen Bagh and other areas of this locality.

The issue of poor networking can be addressed, as claimed by Md Firoz Alam, who before starting his own business from his flat in Nai Basti was employed in Dubai’s Government Company as Telecom Engineer.

He told OKHLATIMES.COM that despite drop calls being a major issue in the locality it is not a big one as a device prepared by his company can give network solution, providing no dropped calls.
“See we are into mobile signal booster. It helps in ending call drop and also provide clean network. People do come to us complaining that they don’t get signals and despite having a mobile they are marooned. The booster is imported from Japan and China and we sell it at a competitive price starting from Rs 9,995,” said Alam, who completed his BE Electronics and Communication from Jamia Millia Islamia in 2008. And since then he has not looked back.

With more than 12 years’ experience in his field and work experience at India’s leading companies like Reliance, Ericsson, Vodafone and other companies, Alam also runs other businesses.

After coming from Dubai, he floated a e-commerce portal where he claims to offer women’s clothing, artificial jewellery, water purifier and sales and service.

Contact no: 8800710461 / Land Line: 011=65577799 / E-mail: care@frtradersllp.com /
website: frozaz.com / FB: facebook.com/frtradersllp

OT marketing initiative

source: http://www.okhlatimes.com / Okhla Times / Home> Local / October 15th, 2016

After 50 years, Begum Talab brims with life

Business & Economy, Community Involvement / Social Issues, Green Products, Leaders, Science & Technology, Travel & Tourism, , , , , , , , , ,

Vijayapura, KARNATAKA :

The historic tank has been revived with water from the Krishna river

Brimming with water, with women washing clothes at the edge while children swim in the fresh water, it is hard to believe that just a month ago, the Begum Talab, spread across over 234 acres, was a barren wasteland, with few small pools of water.

The ancient tank, built during the rule of Mohammad Adil Shah in 1651, has not seen such water levels for the past five decades. But under an ambitious project of the Water Resources Ministry to rejuvenate and replenish tanks, water from the Krishna river has been drawn to fill the tank and recharge ground water. Over the past year, a 50 km pipeline was laid from the river to the tank. The tank was among seven revived in the district at a cost of Rs 190 crore.

Crucial water source

According to historian Abdulghani Imaratwale, Adil Shah built the tank in the name of one his queens; Jahan Begum. The construction was supervised his commander Afzal Khan to provide drinking water to Bijapur city which then had the population of around nine lakh.

Dr. Imaratwale said the water was not only used for the palaces or prominent places of the kingdom, but also for public consumption as the city did not have other drinking water sources.

The tank, located on the southern part of the city, used to supply water through the earthen pipes to many ganjs (overhead stone tanks). It was the second major water source for the city after the Ramalinga tank. Unfortunately the ganjs and the old pipes have fallen into disrepair,

Expressing elation over the government decision to refill the tank, Dr Imaratwale termed the project a significant step in restoring the history of the city.

“ It is heartening to know that Water Resources Ministry led by M. B. Patil is showing concern to restore and revive the ancient tank which had once served a major water source. The tank still has the same capacity if the water is stored and used,” he said.

source: http://www.thehindu.com / The Hindu / Home> National> Karnataka / by Firoz Rozindar / Vijayapura, October 10th, 2016

Haji Oosman Sait

Amazing Feats, Business & Economy, Community Involvement / Social Issues, Leaders, , ,

Bangalore, KARNATAKA :

hajioosmansaitmpos14oct2016

Freedom fighters suffered for a cause and passed away, leaving behind a shadow of their love for India. One such person now forgotten by the new generation is Haji Oosman Sait. His family still lives in the city of Bangalore, where once upon a time, it was richest owning nearly 27 bungalows, Imperial Talkies on St. Marks Road, the most costly land in the city.

Whenever our his wife was pregnant, Hajee Usman Sait used to name the bungalow where she will deliver the next baby.   That is why, until recently, all these bungalows had the stone name-plates like Yakoob Villa, Ebrahim Villa, Khader Villa, Iqbal Villa etc. All bungalows starting from Richmond Road petrol station to the present-day India Garage was known as “Cash Bazaar departmental stores”.

This highly successful businessman and cloth merchant met Gandhiji and Nehru who changed his life and infused him with a mission to work for the independence of India, to be free from the bondage of the British rule. Haji Oosman Sait now started supporting the freedom movement financially. He gave gold coins in leather bags to Nehru and Gandhiji so much so that he was labelled as the “cash bag of the National Congress”. His support to the freedom movement  angered the British who started boycotting Haji Oosman Sait’s businesses. He had to sell and pledge his properties and yet continued paying the National Congress regularly to continue its activities. The amount spent by Haji Oosman Sait in support of the freedom struggle has been estimated in today’s terms at 7000 crore rupees.

At the call given by Mahatma Gandhi to boycott English schools, Haji Oosman Sait was first to open an Indian National School in 1921. This motivated many Muslims to start their own schools.

The family of Hajee Oosman Sait, consisting of 102 members today, are proud of the sacrifices  of their grandfather. The leaders of the freedom struggle never forgot their friend in need. After independence, Nehru in 1949 allotted 300 acres of land to the family of Hajee Usman Sait, but the family showing great respect for the sacrifices made by their grandfather, refused to take any favours in return for the sacrifices offered by Haji Oosman Sait who was the first   Congress President of the erstwhile Mysore State and  served the National Congress till his death. His children hope to see the India that their grandfather and leaders of the freedom struggle had in their dreams. (Based on information provided by Haji Oosman Sait’s grandson, Mohamed Ali Javeed)

This article appeared in The Milli Gazette print issue of 16-31 August 2013 on page no. 12

source: http://www.milligazette.com / The Milli Gazette / Home> Online News> Community News / August 22nd, 2013

Rafeeque Ahmed elected chairman of Council for Leather Exports

Business & Economy, Leaders, World Opinion

Chennai, TAMIL NADU :

Chennai :

M Rafeeque Ahmed, chairman of Farida Group, a manufacturer of leather goods, has been elected the chairman of the Council for Leather Exports (CLE) at its annual general meeting in Chennai on Thursday.

 
Ahmed will be joined by Subash Kapoor as vice-chairman of the CLE. They will hold office in the respective positions for two years.

 
PR Aqeel Ahmed will be the regional chairman for south, Puran Dawar for north, Ramesh Kumar Juneja for east, Naresh S Bhasin for west and Mohamed Iftekhar for Central, a statement from CLE said.

 
The entire election process to the regional committees was initiated and monitored by the Joint Director General of Foreign Trade, Chennai, which had been notified as election authority for this purpose by the Union ministry of commerce and industry, the statement said.

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> Business > India Business / Sushma U N  / January 23rd, 2015