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Indo American News • Friday, April 29, 2011

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Friday, April 29, 2011

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STOCKS • FINANCE • SOUTH ASIAN MARKETS • TECHNOLOGY

Air India to Create Major Operations Centre in Dubai

DUBAI (DNAI): Virtually ruling out plans to develop a global hub in Europe, Air India has decided to create a major operations centre in Dubai for the huge traffic demand from various parts of the country. The decision to build a hub in Dubai was taken because “there is a lot of demand for traffic from the Gulf to various points in India” and the maximum number of flights operated there, Air India CMD Arvind Jadhav said here today. His statement came as civil aviation minister Vayalar Ravi said the government was considering extending financial support to Air India and discussions were going

on between the airline management and bank consortium to convert its high interest loans to low interest ones. “I may have to do the next round of discussion with the finance minister. They have made some suggestions on how to go about it and save money. They asked us to save Rs5,000 crore per year. How to do that is one question. So we have to increase the income,” Ravi told PTI. He said the bank interest was very high “so reducing it or getting moratorium is another question. These are the issues to be discussed with the finance ministry, banks

and the Reserve Bank and then only we can come to a conclusion”, he said. The minister, who is also the Overseas Indian Affairs Minister, was speaking on the eve of the inauguration of the Air India hub here today. Air India had started hub operations in Frankfurt which it closed down a few months ago. It was also looking at some other locations in Europe. Speaking on the hub, Jadhav said that because a lot of demand is coming out of the entire country so we can’t take all of them in Delhi or Mumbai and bring them to Dubai. continued on page

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Photo: Bhaskar Mallick

Air India finds that an operations center in Dubai will have more clout in terms of business sway as the Middle East has more passengers who travel frequently to India and back for job related reasons

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TRAVEL

Crowne Plaza New Delhi Rohini Preferred Destination in North West Delhi

By Rashmi Pradhan NEW DELHI: (TBM): New Delhi will get its second Crowne Plaza hotel by May 2011, which will also be the third in the National Capital Region. The 183-room Crowne Plaza New Delhi Rohini will be positioned as preferrred destination in North West Delhi. Located at Rohini in North West Delhi, the hotel is owned by Jaksons Developers Pvt Ltd and will be managed under the brand ‘Crowne Plaza’ by InterContinental Hotels Group (IHG). The 16-storeyed hotel will open 100 rooms in the first phase while remaining rooms will be operational in the second phase (August 2011). Nalin Mandiratta, General Manager, Crowne Plaza New Delhi Rohini said, “We aim to position the hotel as a preferred destination of North West Delhi. The hotel will have 48,000 square feet of convention space and will be an ideal place for social functions, MICE and leisure clientele. Speaking about the challenges, Mandiratta further said, “As in the case of the other industries, retaining the talent in hospitality industry is a challenge and secondly Luxury Tax parity is an issue. There are different Luxury Tax being levied by hotels across the country.” Crowne Plaza New Delhi Rohini will have a contemporary Indian restaurant, Spice Art with 116

covers; Mosaic, an all-day dining restaurant with 128 covers and a lounge bar, Connexions with 54 covers. The hotel will have a spa, Adya. It will specialize in European and Asian massages and has four treatment rooms, sauna, a unisex salon and an outdoor swimming pool. According to Peayush Agarwal, President, Jaksons Developers,

“There is lack of quality food and beverage and banquet services in this vicinity. Being in close proximity to shopping complexes, local entertainment attractions and educational institutions, we shall leverage on food and beverage sector.” Crowne Plaza New Delhi Rohini is to open in the second quarter of

this year. Located in North-West Delhi, it will be the first upscale hotel in the area that aims to service both business and leisure travelers. The 16-storeyed hotel has 183 guest rooms, three F&B outlets, a luxurious relaxation spa, and one of the largest banquet facilities. With one of the largest places to meet in Delhi/NCR, the hotel will boast of a distinctive Meeting Success

Program with personalized attention for conferences and events. One of the highlights of the hotel will be a sprawling commercial complex with several upmarket brands. The hotel is located adjacent to Adventure Island – popular for amusement-cum-shopping arcade. The hotel will be helmed by Nalin Mandiratta, as the GM.

Indo American News • Friday, April 29, 2011

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Thai AirAsia eyes Indian Market KOLKOTA (TBM): According to a Hindustan Times report, Thai AirAsia intends to develop a new market in India and to enhance tourism between Bangkok and Kolkata. The airline company counts its low-cost fare as its strength. It currently operating from Dehli and Kolkata and is planning to start its operations from Bengaluru,

of these, 44 to 45 per cent of the passengers go to Phuket.” “We are also way cheaper than any other airline company. The cost of a ticket includes only the Airport Tax hence people can save a lot. ” Following the strong performance in 2010, this is the right time to access the capital markets for further expansion.” says Tassapon

Chennai and Hyderabad shortly. Thai AirAsia also opened a sales office in New Delhi recently. “Our strategy is to build a new market in Kolkata. People will be naturally attracted to locations like Bangkok and Phuket, if they are offered these destinations at a rate cheaper than that of Goa,” stated Tassapon Bijleveld, CEO, Thai AirAsia. Bijleveld added, “We started operating between Kolkata and Bangkok from December 1, 2010 and were amazed to find the load factors to be 80 to 83 per cent both to and from Kolkata. Out

Bijleveld, CEO of the low cost carrier that is 49% owned by Malaysia’s AirAsia. We will be able to reap the benefits of our investment in our Indian sectors which we started flying in 2010, where we have seen a strong demand and great potential for growth. Also the Thai economy is expected to remain buoyant throughout 2011. There is further room for the market to expand as there is strong demand for travel in the Asia-Pacific region,” says Tassapon.

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Indo American News • Friday, April 29, 2011

INDIA

India Seeks Postponement of Decision on Endosulfan Ban at Geneva

KARACHI, ISLAMABAD, LAHORE, PESHAWER, DUBAI, JEDDAH, CAIRO, KUWAIT, BAHRAIN, RIYADH, DAMMAM, MUSCAT

it further says that decisions of serious procedural violations in the By Roy Mathew TRIVANDRUM (Hindu): India the conference of parties and its deliberations of Review Committee is seeking postponement of decision subsidiary bodies must be by recommending listing of endosulfan on global ban on Endosulfan to the consensus and not by voting. (for ban). Substantive issues raised next meeting of the conference of Taking decisions on substantive by several parties were ignored at parties to the Stockholm Convention matters (like ban on Endosulfan) different stages. in 2013, according to The Committee observers. is required to suggest C. Jayakumar and alternatives, taking into Dr. Mohammed Asheel, consideration technical observers from Kerala to feasibility, costs and sociothe ongoing conference economic considerations. o f p ar ties to th e However, adequate data Convention in Geneva, for a large number of said in an email message proposed alternatives was that India had already not provided. distributed a draft of The last meeting of its proposal among conference of parties the Asia Pacific group has decided to list nine of countries seeking new chemicals (for ban). their support for the However, a concrete postponement. solution to the issue Chief Minister, V.S.Achuthanandan, bringing to an In the draft statement, The of adequate financial end the mass fast led by him against endosulfan before a copy of which has the Martyrs Column in Thiruvananthapuram on Monday assistance is yet to be been made available to by drinking a glass of lime water offered by poet and found. “It is important to The Hindu, India says environmental activist Sugatha Kumari. resolve the issue before Photo: C. Ratheesh Kumar adding new chemicals.� that significant adverse healthandenvironmental It goes on to say effects of Endosulfan have not by vote is clearly inconsistent that the conference may decide to been established. However, the with Convention’s text. Further comprehensively address the issues Persistent Organic Pollutants Review this would set a bad precedent, regarding the decision-making Committee of the Convention chose undermining cooperative character process and issues of technical to rely on selective use of data to of the Convention. and financial assistance. “An The draft adds that the decisions inter-sessional mechanism may be recommend ban. Contrary evidence from other studies including those taken under the Convention should be established for this purpose which of World Health Organization and within the overarching framework of can report to the next conference Food and Agriculture Organization sustainable development. Principles enabling it to take a decision on such as transparency have not been the issue of listing Endosulfan and was disregarded. Apparently anticipating division, adhered to and there have been other related matters.�

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Coarse Cereal Expensive as Indians Start Eating Healthy PUNE (ET): Food companies’ rush to capitalise on the multigrain ‘fever’ is giving a new air of respectability to coarse cereals, once known as the poor man’s staple. The market for jowar, bajra and ragi is witnessing a turnaround never seen before as urban Indians begin to take a more active interest in what comes off their plate. Jowar, or sorghum, is the biggest beneficiary. Price of this cereal — has tripled in the past three fiscals, beating even its superior cousin Wheat in the game. Jowar is currently ruling at 34-36 per kg as against 21 a kg for Saurashtra Lokwan and 26 per kg for MP Sihor — the two costliest wheat varieties in the Pune wholesale market. Companies are launching new products every day to cash in on rising consumer concerns about health and well-being. There are now multigrain breads, biscuits, even dosas in the market. Leading bakery and dairy products maker Britannia Industries is procuring multigrains for its NutriChoice biscuit as well as porridge and oats under its Healthy Start breakfast mix brand. “Britannia’s procurement of multigrains has gone up almost 45% in the past six months,� a company executive said requesting anonymity. “Procurement of oats has increased the most.� Another food maker, ITC Foods, launched

its multigrain flour Aashirvaad four years ago. The product is a mix of wheat, soya, black gram, oat, maize and psyllium husk. “ITC’s multigrain atta (flour) is growing at nearly 3-4 times the overall atta market, which is why the procurement (for multigrain) has increased in recent months,� said Chitranjar Dar, chief executive of ITC Foods. But this may change soon as the company is in the process of launching more multigrain products. Jowar is known for its high nutritional value. It is rich in fibre and is gluten-free, which helps in fighting diabetes, arthritis and celiac disease. The cereal also helps bones and teeth. Jowar has similar content of proteins, carbohydrates and fats as wheat, said Ritika Samaddhar, chief dietician at Max Healthcare. But as against wheat, it has much higher content of fibre, nutrients and vitamins because it is usually not processed much. “Awareness of jowar’s benefits to control lifestyle-related disorders and availability of such foods in outlets has led to an increase in its consumption,� Samaddhar said. While consumption has gone up production has declined, piling more pressure on the price of the commodity. Area under jowar in Maharashtra has fallen over the years.

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INDIA

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Limited Democracy in Kashmir, Democracy Tarnished: Mufti SRINAGAR (KON): Flaying the the 2008 elections has been totally issue the document twice when in NC-Congress coalition for turning ignored, and people, particularly power. “The Dogra certificate is an Jammu and Kashmir into a “den in Kashmir, have been subjected of corruption,” the PDP president, to mental torture and agony,” she internal matter for the state. There is absolutely no need to go to New MahboobaMufti,onMondaysharply said. “The hopes the people had from Delhi for permission or to talk it criticised the prime minister’s highly publicised satisfaction at the turnout the democratic process have been over,” he said. “The proposal (to issue the in the panchayat elections, saying dashed to the ground, and instead Dogra certificate) that the masses’ faith had come up even is democracy had been when the PDP was repeatedly belied by the in power, but the dispensation’s misdeeds then law minister, and mis-governance. Muzaffar Hussain In a frontal attack Beig, had turned it on the chief minister, down, as had his Mahbooba said that successor, Tariq the state was being Hameed Qarra,” “devoured by the termites she said. of corruption” under Ridiculing the him, and that democracy g o v e r n m e n t ’s had been tarnished by announcement to the cash-for-votes scam improve juvenile in the assembly over jail facilities, which “Omar Abdullah PDP President Mehooba Mufti addressing a conference on April hops from dhaba to 25 in city capital, Srinagar Photo: Imran Nissar Mahbooba asked whether this meant dhaba in glee” at his combine’s victory in the upper of allowing them to breathe in a that the rulers intended to go on free atmosphere, the government is filling up prisons with youngsters. house elections. “Instead of upgrading prisons, “The prime minister has gearing up to build new jails to lock the government should ensure that congratulated the state’s masses up youngsters,” she said. “ T h e g o v e r n m e n t p a y s children refrain from acts that lead for participating in the ongoing panchayat elections, forgetting no attention to strengthening to jail,” she said. Wi t h o u t n a m i n g n a m e s , that they have repeatedly reposed democratic institutions in the state, faith in the democratic process to but instead works to weaken them Mahbooba said that three generations of the same family had “first bartered give peace a chance but have been further,” she said. “What credibility can the state’s away the state’s water resources, repudiated time and again by a heedless dispensation,” Mahbooba rulers claim when they have to rush then forfeited its power projects and said at a press conference at her to New Delhi to bail themselves now pawned its banks.” out even on issues like the Dogra “Right since 1947, the National Gupkar Road residence today. “The belief in democracy certificate?” she said, asserting that Conference and its leaders have T:10” expressed by the people again in her party had rejected the move to inflicted heavy losses on the people

of the state,” he said. Putting Jammu and Kashmir at the top of the corruption list, Mahbooba said that viva examinations by the public services commission too were rife with partiality and fraud. She said that nearly 50 government officers had been granted post-retirement extensions in service by the present government. “Its hands are stained with the blood of 117 young people, but it has learnt nothing and shows no remorse or regret,” she said. “Despite the bitter experience of the 2010 agitation, the present government spares no efforts to harass and persecute young people. Arrests, excesses corruption and every form of injustice is being prolonged, leading to growing public disenchantment and dismay,” she said. “Cross-voting in the elections

to six legislative council seats has violated the sanctity of the house, but Omar Abdullah is celebrating by hopping from dhaba to dhaba, sometimes for lunch and sometimes for dinner,” she said.

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Indo American News • Friday, April 29, 2011

INDIA

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Kanimozhi ‘Active Brain’ Behind Kalaignar TV Operations: CBI

NEW DELHI (ET): Tamil Nadu Kalaignar TV and other pending was an “active brain” behind its chief minister M Karunanidhi’s work of the channel. operations and held 20% stake in “Accused Kanimozhi Karunanithi the channel. The chargesheet goes daughter Kanimozhi was the ‘active brain’ behind the on to say that Raja operations of Kalaignar pursued the cause TV and was in regular of Kalaignar TV touch with former not only for getting telecom minister A Raja registration of the regarding the launch of company from the channel, claims the the Information second chargesheet on the and Broadcasting 2G scam filed by the CBI ministry but also for on Monday. getting it in the Tata The chargesheet Sky bouquet. says Kanimozhi, The second Karunanidhi’s daughter chargesheet focuses from his third wife Rajathi on the money trail Ammal , played a role in from DB Realty , Raja’s reappointment as headed by Shahid telecom minister in 2009. Balwa and Vinod It states that Kanimozhi Goenka, to Kalignar “actively pursued” TV, a channel owned with “intermediaries” by the Karunanidhi and DMK headquarters the “matter regarding reappointment of accused A Raja as Minister of Charges were made against Kanimozhi, Karunanidhi’s Communications and daughter from Rajathi Ammal, his third wife, that she was Information Technology actively involved in reappointing A Raja as the Telecom in 2009, which clearly Minister in return for 200 Crore to help launch her dad’s establishes the strong TV Channel Kalaignar TV. association of accused family. The Kanimozhi Karunanithi and was also an initial director of the agency has accused A Raja in official/political company and resigned only for the a l s o s a i d reason that her clearance from MHA that Sharad matters.” The CBI has not identified the was pending and could take time and Kumar, the identity of the intermediaries. delay the matter of launching the d i r e c t o r Kanimozhi, according to the CBI, Kalaignar TV channels,” the CBI’s and CEO of was also in “regular touch” with charge sheet says. The agency has K a l a i g n a r A Raja regarding the launch of also stated in court that Kanimozhi TV, attended

and chaired all the board meetings where the decision to engage in the Rs 200 crores transaction with Cineyug were taken. Kumar, according to the CBI, signed all the agreements and all other documents with Cineyug, not only on behalf of the company but also on his behalf and the behalf of other directors and shareholders of the company. Kumar is one of the promoters of Kalaignar TV and owns 20% stake in the channel. Logo>

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S p o rts

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KTK vs DC: Kochi Tuskers Kerala Restrict Deccan Chargers to 129/7 NEW DELHI (Samachar): R Vinay Kumar took three wickets while RP Singh scalped two as Kochi Tuskers Kerala restricted Deccan Chargers to 129/7 in their IPL match at Nehru stadium in Kochi on Wednesday. Kumar took his second wicket when he had Cameron White caught by captain Mahela Jayawardene at deep mid-wicket. White hit a six and 2 fours in his 34-ball 31 and added 90 for the fourth wicket with his captain Kumar Sangakkara. Kumar struck again on his next delivery when he had Sangakkara caught behind by Parthiv Patel off a slower ball. Sangakkara’s 47-ball 65 was studded with 10 fours.

The partnership between Sangakkara and White came after RP Singh dismissed Sunny Sohal and Shikhar Dhawan in his first two overs to dent the Deccan Chargers innings. RP Singh trapped Sohal plumb in front of the wicket in the first over and in his next over Raiphi Gomez took a good catch running towards long-off from mid-off to dismiss Dhawan to place Deccan at 6/2. Deccan lost their third wicket when R Vinay Kumar had Bharat Chipli caught by S Sreesanth at midoff to reduce the visitors to 20/3. The breakthroughs came after Kochi captain Mahela Jayawardene won the toss and chose to bowl. Kochi have brought in Brendon

McCullum and S Sreesanth in place of Muthiah Muralitharan and VVS Laxman. The Chargers have dropped Pragyan Ojha in favour of Manpreet Gony. Kochi Tuskers Kerala: Mahela Jayawardene (Capt.), Brendon McCullum, Ravindra Jadeja, Brad Hodge, Kedar Jadhav, Parthiv Patel, Raiphi Gomez, R Vinay Kumar, RP Singh, Thissara Perera, S Sreesanth. Deccan Chargers: Kumar Sangakkara (Capt.), Shikhar Dhawan, Sunny Sohal, Cameron White, Daniel Christian, Bharat Chipli, Dwaraka Ravi Teja, Amit Mishra, Dale Steyn, Manpreet Gony, Ishant Sharma.

Badrinath Steers Chennai to Victory

Subramanium Badrinath’s unbeaten 63 helped Chennai Super Kings beat the Pune Warriors in an IPl league game in Mumbai on Wednesday. Photo: Vivek Bendre

Kerala Kochi players, the Tuskers, celebrate the dismissal of Sunny Sohal with the Deccan Chargers, during their IPL match played at Kochi, Kerala State

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MATCH HIGHLIGHTS: Doug Bollinger got Chennai off to the perfect start when he removed both the openers, Jesse Ryder and Mohnish Mishra, in the fourth over of the game Explosive batsman Robin Uthappa, in the company of skipper Yuvraj Singh, brought Pune to a respective total of 141. Yuvraj’s late heroics with the bat, he finished unbeaten on 62 from just 43 balls, meant that the Pune bowlers would have a sizeable total to bowl with. But Subramanium Badrinath, stringing a useful partnership of 61 with Murali Vijay, took the game to Pune after a sedate first six overs

NAVI, MUMBAI (Samachar): Subramaniam Badrinath slammed his second unbeaten half century of the tournament to power defending champions Chennai Super Kings to a comprehensive eight-wicket win over Pune Warriors in an Indian Premier League match at the D Y Patil Stadium in Navi Mumbai on Wednesday. Badrinath, who scored a classy 71 not out for a losing cause against Mumbai Indians on April 22, stroked his way to a fine 63 not out in 44 balls as CSK overhauled Pune’s modest score of 141 for six with three balls to spare. The victory was the fourth for the holders in seven ties, and their first away from home. The win took CSK’s tally to eight points and put them on the third spot on the table while the Warriors slid to their fourth straight defeat in six matches.

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Indo American News • Friday, April 29, 2011

entertain m ent

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Get Ready for 27 Movie Sequels: Hollywood, Bollywood Meet

By Meena Iyer (TOI): Blame it on inertia; or blame it on the compulsions of commerce. Just the fact that 27 sequels of good, bad and indifferent Hollywood and Bollywood franchises will play at a theatre near you in the coming seven months, tells a story by itself. While Bollywood sets the sequel ball rolling with Indra Kumar’s Double Dhamaal in June, followed by Mukesh Bhatt’s Murder-2 in July, Sagar Bellary’s Bheja Fry 2, and the biggest one Shah Rukh Khan’s Don-2 on Christmas; Hollywood is going to beat the Hindi film industry hollow because they start with the shriek feast Scream 4, followed by West is West, a sequel to Om Puri’s East is East and then go into

Fast Five, Pirates Of The Caribbean 4 (3D /IMAX 3D), The Hangover 2, Kung Fu Panda 2, X-Men: First Class, Cars (2D & 3D), Transformers 3 (3D), Harry Potter and the Deathly Hallows (Part 2), Paranormal Activity 3, Happy Feet 2 (3D),Mission Impossible 4 that has our very own Anil Kapoor teaming up with Tom Cruise. Why this sudden sequel traffic jam? “Paucity of original ideas,” says trade analyst Amod Mehra. “Honestly, Bollywood has been facing a brain drain for the longest time. We provide Kerala specific Ayurvedic and Panchakarma Therapies for alleviating various pains and disorders based on consultation with our wellexperienced Holistic Consultant. To schedule prior Appointments with our Holistic Consultant or to avail our wellness program, please contact: 281-969-8062 or email to stafford@santhigramusa.com

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We have nothing like ‘original’ left within our films. We have either been remaking regional films or stealing from foreign ones, or worse, revisiting our own past cinema.” Another producer cringes as he insists it’s lack of ideas that’s most certainly to be blamed for this. Says he, “A bright mind like Ram Gopal Varma became so defunct that he actually had the temerity to make a Ram Gopal Varma ki Sholay. This shows how even the sharpest mind can reach its nadir when not challenged enough.” But there are others who believe

that it isn’t just the paucity of original scripts that prompts filmmakers into making sequels. Says producer N R Pachisia, “Hollywood has been making sequels for six decades now...and they have been extremely successful. In fact, there are many instances where the sequels have done better box-office business than the original movie has.” Rattling off the most obvious examples of sequels like Mad Max, Die Hard, the Carry-on series, Spider Man, Superman, and Shrek, Pachisia says, “We in Bollywood are late bloomers.

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Indo American News • Friday. April 29, 2011

After Toyota, Honda to Cut Output by 50% in India in Japan following a shortage of components due to the impact of tsunami on its parts suppliers,” the company said. Jnaneswar Sen, senior V-P (marketing & sales), said there had been disruptions in supplies. “We are experiencing gaps in our supply chain due to the situation

fluid as production of component parts and vehicles at Honda plants is at approximately 50% of the original production plan. “Honda will carefully monitor the situation and manage its operations accordingly.” It said that most of the Japan-based suppliers were making progress to restart production, and many either have or are ready to resume parts production. “However, there are a few suppliers that have yet to resolve the challenge to resume their production. In those cases, Honda is working with its suppliers to help reestablish their operations, while evaluating other possible sources for those parts in the supply chain.” Toyota said last week that supply constraints from Japan had forced it to reduce production by With supplies getting low from Japan, Honda is scaling back 50% on its up to 70% between April production and supply of parts in India, following Toyota’s decision to scale 25 and June. The move will lead to a production back 70% as the tsunami has affected every aspect of car manufacturing Photo: Geeta loss of about 7,000 units a month, Toyota said, production by 50% on shortage of in Japan, resulting in production translating into a revenue deficit of cuts. We are moving to single Rs 490 crore for its Indian entitysupplies from Japan. The company will reduce the shift operations from May, while Toyota Kirloskar Motor. “This production adjustment capacity at its Greater Noida plant, carefully monitoring the situation. where it produces models like We plan to get back to normal step is a temporary measure from the Honda City sedan and Jazz production as soon as supplies April 25 to June 4,” TKM deputy managing director (marketing) hatchback. “The announcement normalize.” Honda said the situation of Sandeep Singh had said. comes following a production cut by Honda Motor at its plants parts supply in Japan remains NEW DELHI (TOI): The devastating March quake and tsunami in Japan are seriously impacting the Indian auto industry. Just days after Toyota India announced a 70% drop in production due to supply constraints from Japan, fellow Japanese maker Honda has said it will cut

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Re Weakens on Talk of Refiners Buying More Dollar MUMBAI (ET) The rupee fell the most in two weeks on speculation refiners stepped up dollar purchases to pay for costlier crude oil imports The local currency lost 0.3% to 44.49 per dollar in Monday’s trade, paring gains this month to 0.2%, the third-worst performance among the 10 most-traded Asian currencies. Oil prices in New York have surged 37% in the past six months to $112.67 per barrel , according to data compiled by Bloomberg . Imports by India, which buys almost three quarters of the petroleum it uses from abroad,

climbed to a sevenmonth high of $8.2 billion in February. “The rupee has come under pressure mainly because of dollar demand from importers, particularly oil companies,” said Paresh Nayar, Mumbaibased head of currency and money markets at the Indian unit of FirstRand. Offshore forwards indicate the rupee will trade at 45.26 to the dollar in three months, compared with expectations of 45.09 at the end of last week. Forwards are agreements to buy or sell assets at a set price and date. Non-deliverable contracts are settled in dollars.

`

Air India to Create Major Operations Centre in Dubai continued from page

25

“It suits the requirement where we have to realise that growth is not only from Mumbai and Delhi but also from other parts of the country such as UP, Bihar, Tamil Nadu, Maharashtra and other places,” he said. The airline CMD said the company wants to use resources more effectively and ensure that on time performance gets better.

“We have to keep our aircraft in a place where there are maximum number of flights. Outside Delhi and Mumbai, the largest number of flights is in Dubai,” he said, adding that after making hubs in Mumbai and Delhi, the “logical step” was to make a hub in Dubai in order to utilize resources and become more competitive.

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Indo American News • Friday, April 29, 2011

online edition: www.indoamerican-news.com

27

Tata Consultancy Services Eye Healthcare Acquisitions in Germany and Japan MUMBAI (ET): India’s leading software services exporter, Tata Consultancy Services , is eyeing acquisitions in Germany and Japan in the healthcare sector, its chief executive said on Monday, as it looks to expand beyond its core U.S. market. TCS and smaller rivals Infosys Technologies and Wipro have been looking for overseas acquisitions to boost growth amid growing competition from global rivals such as IBM and Accenture. “ We w a n t t o l o o k a t opportunities for bringing some strategic capabilities, whether it is in platforms, whether it is in markets,� N. Chandrasekaran told Reuters in an interview at the company’s corporate headquarters in Mumbai. The firm, which has about $2 billion in cash, has not set aside a specific amount for acquisitions, said Chandrasekaran, who is an avid long-distance runner and has completed marathons in Mumbai, New York , Prague, Stockholm and Vienna. “As long as TCS goes in for acquisitions for skill sets or expanding geographies at a

reasonable price, there is reason to believe an acquisition should prove to be positive,� Jagannadham Thunuguntla, head of research at SMC Global Securities. TCS, a unit of the salt-tosteel Tata Group conglomerate, expects to see “marginal improvement� in pricing for the fiscal year that began in April and expects to sustain current operating margins, Chandrasekaran, who said. The company posted operating margins for fiscal year 2011 of 27.8 percent under U.S. accounting rules. TCS, whose clients include Citigroup and General Electric , last week reported a 23-percent rise in fourth-quarter profit, beating estimates on rising demand. But the firm flagged wage hikes and currency volatility as main threats to its profit margins for this fiscal year. The country’s $60 billion outsourcing sector provides an array of services, including software coding and managing

computer networks and call centres for overseas firms such as British Airways, BT Group Plc, and Sony Corp. The U.S. technology market, the largest for Indian technology firms, will expand 8 percent in

2011, up from 7.4 percent projected earlier, with software, IT consulting services and technology outsourcing growing faster than last year, research firm Forrester said earlier this month. TCS expects strong outsourcing demand from overseas clients,

but the uncertainty in the global economic environment needs to be watched out for, Chandrasekaran said. “The macro is something we have to keep in the back of mind, but there are lot of signs of pick up in deal momentum,� said the executive, a TCS veteran who took the top job at the country’s No. 1 software exporter in 2009. The United States accounts for more than 50 percent of revenue at Indian technology firms. Still, Indian firms are looking to grow in Europe, where demand has long been tepid, and emerging markets like Latin America and Africa , where rapidly growing economies are spurring demand for outsourcing. TCS expects technology budgets at top clients to rise 1 to 4 percent in the current fiscal year as companies boost spending on technology to improve efficiency and meet new regulatory norms like Basel III for banks , Chandrasekaran said. Chandrasekaran, who is also

the managing director of TCS, said staff turnover was a challenge for TCS, and the company would be comfortable with a 10 percent attrition rate over the medium to long term. Indian technology firms are seeing high turnover rates as they battle to keep their staff from being poached by larger global rivals. TCS is seeing increased business opportunities in new services sector like pharma, retail and utilities while it expects its mainstay financial services sector to continue to grow, Chandrasekaran said. TCS is “investing a lot� on developing new platforms for supply chain and social media and on cloud computing, he said. Cloud computing, or the hosting of sites and services on the Internet, is viewed as the future of computing for consumers and corporations in an increasingly wireless world. Shares in TCS, valued at about $52 billion, closed on Monday up 0.5 percent i n the Mumbai market that fell 0.2 percent. Credit Suisse on Monday downgraded TCS to “neutral� from “outperform, “ saying all positives were priced in. Photo: Geeta

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28

Indo American News • Friday. April 29, 2011

INDIA

online edition: www.indoamerican-news.com

Yamuna Expressway to be Ready Later This Year: Official

Babulbhai

NEW DELHI: Diversified infrastructure conglomerate Jaypee Associates Tuesday said its Yamuna Expressway project would be completed much before the scheduled official opening date in March 2012. “The major work on the express highway would be completed by July. Apart from some minor works, the expressway would be fully ready in the later part of this year itself,” said Manoj Gaur, executive chairman of Jaypee Associates. According to Gaur, the 165-km-long sixlane access-controlled expressway would facilitate faster and uninterrupted movement of passenger and freight traffic between the national capital and Agra. According to the official, the company expects to complete the project and open the expressway two to three months before the scheduled deadline. The company is also developing 6,175 acres of commercial, industrial, institutional, residential and amusement facilities spread across five locations along the expressway. Jaypee Associates has interests in civil engineering, construction, cement, power, real estate, expressways, hospitality, golf courses and education.

The Yamuna Expressway, which is expected to reduce the driving time between New Delhi and Agra to just about 90 minutes, will pass through Gautam Budh Nagar (Noida), Aligarh, Mahamaya Nagar (Hathras) and Mathura. The objectives of the proposed expressway are as follows :_ To provide a fast moving corridor

to minimize the travel time, To connect the main townships / commercial centres on the eastern side of Yamuna, To ensure development of adjoining area. To relieve NH-2 which is already congested and runs through the heart of cities like Faridabad, Ballabgarh and Palwal. (a) The proposed Export Promotion Zones including Taj Economic Zone along the Yamuna Expressway coupled with the proposed Taj International Airport and Aviation Hub will promote

economic development of the area and the State of UP as a whole. (b) Safe, shorter travel time and the accessibility in the region will accelerate land development along the Yamuna Expressway in a planned manner for commercial, industrial, institutional amusement and residential purposes. T h e p r o p o s e d Ya m u n a Expressway, would actually be an extension of 6 lane Expressway from Noida to Greater Noida thus opening up the vast virgin area on the eastern bank of river Yamuna for the industrial and urban Development and provide convergence to the tourism, entertainment, leisure and knowledge based industry in region. Yamuna Expressway Project is being implemented through Jaiypee Infratech Ltd. as Concessionaire of the Project. The Concession Agreement between Jaiprakash Industries Ltd. As per the provision of Concession Agreement, Concessionaire have rights for collecting tolls during the concession period of 36 years and also rights for land development of about 25 million square meters of land along the proposed Expressway.

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INDIA

Cleanliness Drive on Mangalore Coastline

By M Raghuram BANGALORE (DNAI): The coast of Mangalore is set for an image makeover, if all goes as per plan. About 10,000 people from 23 different villages will come together on May 1 to clean the various beaches along the 43-km stretch.

awareness, which is what we want to stop completely,” Yadav said. It is not a joke to take up such a large drive in just one day. “It has to be a concerted effort of a large number of people coming together for a cause. Since it is very intensive in nature and a 43-km stretch has to be cleaned in one day, we have divided the villages into five zones and 20 sub-zones and each zone will get mechanical help like trucks, loaders and dumpers. Each person will put in at least three man hours into cleaning the beaches on May 1, which means 30,000 man hours in just one day,” Yadav said. Expressing concern at the increasing litter in the form of polythene bags, bottles, junk food covers, cigarette stubs, paper plates and other material, thrown by the tourists,Yathish Baikampady, a zonal head of the beach cleaning drive said, “They may not do it on purpose as most of them come A massive cleanup of the Mangalore coastline is about to take place from ghat areas. Unfortunately, May 1 as people from 23 villages come together to clean up 27 miles people from beautiful cities of shore stretch. This is the Ullal Beach in the port city of Mangalore, like Bangalore and Mysore the headquarters of Dakshina Kannada district in the coastal region of do not show the same concern Karnataka State in India. Photo: Wiki Travel about littering when they arrive on the beaches. They think that the sea will take care of the litter, “Lot of interest has developed Kannada, Subodh Yadav. about beaches now. The tourist “The time could not have been but, in fact that is a greater danger inflow has increased manifold and better, as each house in all the to the environment than the litter the local people have understood villages has its own toilet and there on land.” The beach cleanliness awareness the importance of their beaches, is no chance of open defecation especially the youth belonging anymore. However, in isolated drive has also set in Malpe and to the fishermen community. We areas it does happen with or without Vadabandeshwara as well. already have a number of NGOs comprising youth from fishing villages going on rounds along beachside villages, and educating the old folks about the importance of a clean beach. They also drive home many points, including prevention of open defecation,” said deputy commissioner of Dakshina

Indo American News • Friday, April 29, 2011

29

Public Private Partnerships to Develop India Tourism NEW DELHI (Siasat): Union Tourism Minister Subodh Kant Sahay said state governments should develop tourism infrastructure through the public private partnership (PPP) mode to attract more investment to the sector. After a regional conference of tourism ministers of the northern and central states in Rishikesh last week, Sahay said the state governments should opt for the PPP mode and enlist the services of private consultants to oversee the projects to bring tourism dollars. The minister said he had also discussed the possibility of a single window clearance for 80-90 hotels in the states, modelled on the policy pursued by the central government. He said the tourism goal of the country was to attract atleast “one percent of the global tourists” for which “hotels across the states would need at least 400,000500,000 more rooms”. Tourism ministers from eight states attended the conference in Rishikesh, he said. “I told the states that I would motivate private investors to invest and provide them with consultants from our panel if they came forward with good projects. It is a task to make state tourism more vibrant,” Sahay said. Sahay said tourism employed the largest number of people in

INDO AMERICAN NEWS • FRIDAY, APRIL 29 , 2011 • ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM

the country. Quoting a Planning Commission finding, he said: “If you spend Rs.10 lakh ($22K) on a destination, you can provide jobs to 78 people.” He said the prime minister was expected convene a special meeting on skill

development April 28. He said the country would welcome foreign direct investment in the tourism infrastructure sector. Sahay said he was planning to develop the Buddhist, Sufi, Jain and Sikhism tourism circuits. Commenting on his state Jharkhand, Sahay said: “Tourism in Jharkhand has been neglected for the last 10 years. The money given to them for a project in 2004 has not been used till today. The minister said the government would promote tourism in south Asia, especially in the Pakistan, Afghanistan and Bangladesh regions, with more people-to-people contacts. “India’s tourism sector is witnessing an encouraging growth, with foreign tourist arrivals at 5.58 million in 2010,” Sahay said.


30

INDIA

Indo American News • Friday. April 29, 2011

online edition: www.indoamerican-news.com

Mehndi: These Men Weave Magic on Palms

By Renuka Phadnis cities we come from.” Then, his team goes to those MANGALORE (Hindu): In the In Mangalore, he has catered cities. His team has Prem (Mr. melee of the weekend shopping in to 1,000 bridal “mehndi” orders. Vinod’s brother) from Agra, Neeraj Bharath Mall, near the entrance, The charges for bridal mehndi is from Mumbai, two Pavans (one a group of six boys is seated on Rs.1,500 ($32.50) for decorating from Jodhpur and one from Jaipur plastic stools, heads bent over the palms and the feet. “Eighty in Rajasthan) and Satish, whom in concentration, busy drawing per cent of the time, we get Vinod calls “Ustaad” as he gets intricate “mehndi” designs on the tipped handsomely. Of course, the highest pay for his 16 years’ palms of girls. expertise in the art of “We came here because applying “mehndi”. of the competition at “If business gets very home,” says Vinod, a low in Bharath Mall, we 23-year-old from Agra, may have to move to the who heads a 15-member City Centre, where the team of “mehndi” artists rent is Rs. 2 lakh ($4347) from various cities in as deposit and Rs. 40,000 North India. He has been ($869) a month,” Mr. in Mangalore for six years, Vinod says. introduced to the city by Says Mr. Satish: “I don’t his friend, who is also take any design from the from Agra. He has been in Net. But my designs are the “mehndi” business for on the Net. My younger over one year on Market Vinod a 23 year old from Agra heads a 15 member brother takes photos of the Road and for the last two team of “mehndi artists from various cities in North designs and puts them on years in Bharath Mall. India doing brisk business in Mangalore at the Bharat the Net. My designs are The team pays a rent of Mall from my mind.” Rs. 6,000 ($130) to the Prajnya was getting her mall owners. On weekdays, they bridegrooms also come to us.” palms decorated with “mehndi” as get 20 customers.During festivals, About 20 to 25 bridegrooms have she is getting engaged on Monday. the number rises, reaching 500 on got “mehndi” applied for their Chaitra, a student, says she got “Id” and “Ganesh Chaturthi”, he wedding. it decorated earlier and liked it. says. College students are their In Mangalore, Indian and Arabic She got her cousins, Shreya, 10, main customers. Is not applying designs are most popular, he says. and Srisha, 7, who also had their “mehndi” more to do with women? Mr. Vinod has never been to palms decorated as they are all Says Mr. Vinod, “No. The women school. With friends, B:6” he browses in Mangalore from Mumbai for a get their palms decorated and only the Internet to find which cities in wedding, and nobody had time to the men apply “mehndi” in the India are getting new malls. put “mehndi” at home.

LEGAL NOTICE

Mango Festival Kicks off in Pune PUNE (DNAI): The week-long mango festival organized by the Maharashtra Navnirman Sena (MNS) kicked off on Balgandharva premises on Monday. The festival provides an opportunity to mango lovers to buy the fruit directly from the farmers. T h e varieties of mangoes such as h a p u s (alphonso) and pairi grown in the Konkan region are up for sale. “Our aim is to provide fresh mangoes to Puneites directly from the mango growers. This time we have 25 stalls where mangoes from Devgad, Sindhudurg and Ratnagiri districts are on sale,” said Ravi Sahane, a MNS member. According to the farmers, the mango cultivation has taken a beating due to unseasonal rain and hot weather conditions.

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“This time the yield of mangoes was only 18% to 20% because of the irregular rain and excessive heat. Since many can’t go to the villages, we have brought these mangoes with us so that the customers can buy them at competitive prices,” said Dilip Damri, a farmer from Devgad, who had brought 200 boxes to sell. Another mango grower, Vi l a s O a k , who hails from Dapoli in Ratnagiri, had brought 100 boxes of Ratnagiri hapus. “ L a s t year, I sold all my mangoes. This time the prices have soared due to less production. But the quality of the fruit is the same,” added Oak. Two self-help groups have set up stalls selling mango-based goodies such as aam poli, kurdya papdya, amrakhand, mango pulp and pickles.

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INDIA

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BSE Institute Launches Course in Global Financial Market MUMBAI (IE): BSE Training Institute Ltd, the wholly-owned subsidiary of Bombay Stock Exchange Ltd, announced the launch of a course in global financial markets. The `Global Financial Markets Professional Program’, targeted at the young aspirants across the country, will consist of interactive lectures, case study discussions and hands on exercises, a statement said. The program will provide opportunity for students freshly out of Class XII or under-graduates or fresh graduates who want to build their career in financial services or professionals (MBA, engineers, MCom, CA, CS,

ICWA, lawyers ) who are interested in career advancement through training and education, it said. The total duration for the course is 2.5 years (5 semesters) for regular

students and 2 years (4 semesters) for students enrolled for personal contact sessions.

Indo American News • Friday, April 29, 2011

31

Multimedia Academy Announces Talent Hunt in Animation TRIVANDRUM (IE): State-run multimedia academy Kerala State Audio-Visual and Reprographic Centre (KSAVRC) is conducting an animation talent hunt exam for the students in the state on April 30 at its campus. Students from plus-two onwards are eligible to participate and get their names registered free of cost by calling the phone number 9249999646 or 04713074757. Qualifying candidates will get a chance to do advance animation courses with scholarships at KSAVRC academy. The academy offers advanced certification and diploma courses in multimedia and animation, duration of three months to one year, KSAVRC said in a release today. KSAVRC an autonomous institution of the Government of Kerala, set up to impart training i n

Computer, Multimedia, Office Automation, Printing and Reprography to the educated unemployed youth and to undertake

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INDIA

Indo American News • Friday. April 29, 2011

Indian Interest Peaks as Royal Wedding Happens NEW DELHI (ET): The much awaited royal wedding of Prince William and Kate Middleton is generating interest in India with various hotels, honeymoon travel agencies, airlines, television

worldwide has set out scouring and researching the globe for places befitting the royal couple. Umaid Bhawan Palace (Jodhpur) and Rambagh Palace (Jaipur) figure among the top seven dream

(County Donegal, Ireland) and Conrad Hotel, Rangali Island- (The Maldives) make up the rest of the list. Animal rights organization PETA India has sent the royal couple traditional Indian wedding sari made of luxurious faux silk and a faux silk sherwani to William. The garments are being called ahimsa garments because no animals, not even the tiniest of insects, were harmed in its production, says the animal rights body. “All animals, from cows to silkworms, share the will to live and be painfree”, says PETA India’s chief functionary Poorva Joshipura. “With all the beautiful cruelty-free materials available, everyone can have a wardrobe that’s fit for royalty without hurting anyone.” With the gothic structure Prince William and Kate Middleton’s wedding is a much anticipated of Westminster Abbey being event, generating huge interest in various hotels located in Jaipur decked up as the venue for and Jodhpur which figure among the top honeymoon destinations the royal nuptials , TLC, the for a royal wedding of this stature according to a hoteliers survey travel and lifestyle channel of the Discovery Network, has channels and cafes gearing up for destinations that would probably already dedicated a week of special the event on April 29. be picked by Prince William and programs. Jaipur and Jodhpur, tourist places Kate Middleton to spend the first “Providing an intimate look of Rajasthan , figure among top few weeks of their new life together at the royals through exclusive royal honeymoon destinations for according to information by hotels. and archived footage as well as Prince William and Kate Middleton com. interviews with family, close friends picked in a recent survey by a team El Careyes Beach Resort (Jalisco, and passionate royal enthusiasts, of hotel experts. Mexico), Hilton Bora Bora Nui Royal Wedding Week features six Experts at hotels.com, a leading Resort and Spa (Bora Bora, French special premiere programs,” says provider of hotel accommodation Polynesia), Mount Errigal Hotel company officials.

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Desi Twist to the Royal Wedding (DC): It’s the wedding that party. “We’ve been practising hard beats all other weddings. Sandip for the last two months. Since ours Soparrkar and his wife Jesse will be the concluding one, we’ll Randhawa are waltzing into the make it fun and give the night a royal ballroom of the Buckingham perfect end,” says Sandip. When Palace. They have been invited to perform at the reception Prince Charles is hosting for Prince William and Kate Middleton on their wedding day. They can’t wait to add a dash of Indian tadka to the royal wedding. “Of course we are excited and it’s a proud moment for us. Our performance will be the last dance, that’s because they wanted it to be a fun way Sandip Soparrkar and his wife Jesse to end the evening,” says Randhawa are going to be dancing the last Sandip. The invitation dance in the ballroom reception after Prince was least expected.” We William and Kate’s wedding day first received a mail from the royal office and after things asked for details, he says, “We were sorted out, we got the official can’t reveal the details.” According invitation.” Sandip is one of the to sources, the duo has sent a list few Indian dancers recognized at of 10 Bollywood tracks to the an international level. “It all started organizers who will decide on the in 2004, when I received a letter final tracks. “We are wearing costumes of appreciation from the Queen for promoting ballroom dancing by Manish Malhotra. They’re in India. Then I got to meet Prince comfortable and classy,” he says. Charles on the sets of Mangal Sandip asserts that they are not Pandey. When they wanted a Waltz- guests at the wedding, he and his Bollywood combination for the wife will perform only for the big evening, they couldn’t think of reception. “We are just going to anyone else but us,” grins Sandip. perform and according to protocol, They are leaving no stone ” The duo will be at the Buckingham unturned to make sure that their Palace on April 29, all set to rock performance is the highlight of the the party the desi way.

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3559 Hwy 6 South, Sugar Land TX 77478 INDO AMERICAN NEWS • FRIDAY, APRIL 29, 2011• ONLINE EDITION: WWW.INDOAMERICAN-NEWS.COM


April 29 Page 25-40