Category Archives: Business & Economy

‘Indian coffee doing well internationally’

Coffee production in the country this year could reach close to three lakh metric tonnes. Production in Karnataka, the country’s largest coffee producer, would also be better compared to the last few years, said former Coffee Board Chairman Javed Akhtar.

Speaking at the India Coffee Awards Ceremony, organised by Coffee Board on Thursday, he said that the scheme to expand Indian coffee internationally was extremely successful and Indian exporters are hugely respected. The export of this bean has also registered a marked increase, consistently touching three metric tonnes annually in the last few years, he added. Coffee Board Chairman Leena Nair said that 128 entities were actively exporting coffee in 2013-2014 to more than 100 countries with earnings close to Rs. 4,594 crore.

Andhra Pradesh is also gearing up to become a serious coffee producing State, another former Chairman G.V. Krishna Rau pointed out.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / Staff Reporter / Bengaluru – January 08th, 2016

Prema weds Jeevan !

Actress Prema with nearly 45 films to her credit better known as the lucky actress in Kannada film industry has been engaged to her boy friend Jeevan Appachu who is also a Coorgi.

The alliance has been arranged by her parents, according to her family sources. The engagement at Kodava Samaj in Bangalore was attended by 200 guests.

Actress Prema would continue her acting career after marriage, says her mother Cauvery. The marriage date has been fixed for second week of July 2006. Prema has acted with all superstars including a Malayalam film with Mohanlal and Tamil actor Satyaraj.

Jeevan Appachu is a software professional.

Prema’s Kannada hits include Upendra, Nammura Mandara Hoove, Yajamana, Om, Kaurava, Gajina Mane, Chandrodaya, Kothigalu Saar Kothigalu and Parva.

source: http://www.sify.com / Sify.com / Home> Sify Movies> Kannada / by Moviebuzz / Friday – March 24th, 2016

EVOLVE | | Armed and very amiable

CoorgKF14dec2015

While I was making up my mind about visiting Coorg I remember asking a friend what was so special about this hill station in Karanataka. A colleague who hails from Bangalore began enumerating the reasons why I should get myself down to “an astonishing land in the heart of South India” with its “wonderful forests, huge coffee estates, scenic hills, numerous falls, famous temples and trekking places”. The place, he said, was known by various names, like the Scotland of India or the Kashmir of South India, a land of brave soldiers and “a bowl of coffee”. He was quick to add that this was a land inhabited by the most beautiful people and, last but not least, every house in this region had guns — the people worshipped arms.

Those were reasons enough for me to pack my bags and check out what this “bowl of coffee” looked like in reality. Then began the journey — by flight from Delhi to Mangalore and then on to Coorg by road. The first question to the driver sent to meet us at Mangalore airport was how much time would it take to reach Coorg. “Just 131 km, but it takes at least five hours as the roads are ascending, with many curves and turns,” he said. “You will come across picturesque locales, alluring mountains, areca nut trees, coffee plantations and much more.”

Along that never-ending road to Coorg there were coconut and areca nut trees along one side for as far as the eye could see. A few kilometres along the way we came across lush green coffee estates and shimmering streams but the numerous twists and turns served to proved quite exhaustive and it was around 3 pm that we reached the periphery of Coorg.

Coorg or Kodagu isn’t just any town, but the smallest district of Karnataka that shares its border with Kerala. Situated at 1,140 metres above sea level, Virajpet, Medikeri and Pollibetta are the main cities. Because of region’s cold weather, this place was favoured by the British prior to Independence. They compared Coorg with Scotland, as both places enjoy the same hilly terrain and even today one can find imprints of the British Empire in the red-tiled bungalows, for instance, that dot the landscape.

At around 4 pm we reached at our beautiful resort, The Tamara Coorg (Madekeri Taluk), which was to be our home for two days. As I sipped a refreshing welcome drink of lime and mint, sitting in the hut-like reception area, I felt extremely relaxed, an indication of the days to follow.

Tucked away in 170 acres of lush greenery, the resort grows its own coffee, cardamom and pepper, along with several rare plants, and also produces honey. It houses 56 luxury cottages surrounded by hills and sparkling streams. Our cottage was equipped with all the modern amenities — plush four-seater futons, a LED television set, a king-size bed, comfortable lounge chairs, board games for recreation and pull-out mountain view balconies. By the time we settled in, it was almost dark and the manager suggested that we try some fresh coffee and snacks from the coffee shop — The Verandah. He then offered me the chance to drink “my own prepared coffee”. Of course, I agreed. It was next arranged that we visit a coffee estate and see how it was really prepared.

The next morning was the quite mesmerising. For an urban dweller like me, watching rare birds perched atop tall trees in front of my cottage window was a rare treat. They infused a multitude of colours into the surroundings, making for a perfect picture-postcard scene. Our guide for the coffee plantation was a 25-year-old and we wondered how adept he would prove given his age, but he turned out to be an expert — not just on coffee plants but also on cardamom, pepper and other produce. He helped us differentiate between coffee varieties like Arabica and Robusta. Arabica plants are small in height but their beans are larger in size, while Robusta plants are tall but with small beans. He explained how the coffee bean was actually the seed inside a berry that would be dried, roasted and ground before being used as coffee. Our next class was held at the café where he handed us raw coffee beans for us to prepare a brew. It was the best coffee I ever tasted.

No trip is ever complete without tasting the local delicacies and, trust me, Coorg is not only popular for its picturesque beauty but also for its delectable cuisine. They love to celebrate every occasion by drinking alcohol and eating pork. The resort’s executive chef, Ranjan Samal, cooked some of the famous dishes like Pandi curry (pork) and Akki Rotti (a chatpatti-like pancake made from cooked rice and rice flour), as well as Nooputtu (rice) in a multi-cuisine restaurant called The Falls.

Coorg has a basket of sites to visit and after our first-hand experience with coffee, it was time to explore the places nearby. Abbey Falls and Iruppu Falls are the two biggest waterfalls in Coorg but we preferred the latter, near our resort, and its picturesque setting. If one is interested in wildlife, including tiger, jungle bison, sloth bear and the Asiatic elephant, then the Rajiv Gandhi National Park is a good option. The Namdroling Nyingmapa Monastery (Golden Temple) is also very popular among tourists.

Two days of pure bliss later, our final thoughts as we packed our bags was that Coorg was a haven where one could escape from the humdrum of daily life.

Coorg is well connected by road with major cities like Bangalore, Mangalore and Mysore and apart from the Tamara Resort, one can find many budget hotels and homestays.

source: http://www.thestatesman.com/ The Statesman / Home> Evolve / Rakesh Kumar / December 13th, 2015

Tata Global launches instant coffee brand to compete with Nescafe, Bru

Tata Coffee Grand was jointly developed by Tata Global Beverages and group firm Tata Coffee , which manufactures the product, TGBL said.

Mumbai :

India’s second largest tea maker Tata Global Beverages has forayed into instant coffee business in the country by launching Tata Coffee Grand, which will compete with Nestle’s Nescafe and Hindustan Unilever’s Bru.

The instant coffee brand was jointly developed by Tata Global Beverages (TGBL) and group firm Tata Coffee, which manufactures the product, TGBL said on Monday.

The coffee beans will be primarily sourced from Tata Coffee’s plantations in South India, popular for producing Arabica and Robusta blends.

At present, the maker of Tata Tea and Tetley brands earns over 70% of its sales from tea brands while coffee business accounts for 20% through brands like Eight o’clock and Grand outside India.

source: http://www.retail.economictimes.indiatimes.com / ETRetail.com / Home> Food & Entertainment / ET Bureau / November 30th, 2015

4 City designers to present Khadi creations in Jaipur

Four designers from Bengaluru will present their Khadi creations in Jaipur at the first edition of the Rajasthan Heritage Week, which was launched in the City on Friday.

The event, intended to promote traditional textiles, is being organised by Bengaluru-based Prasad Bidappa Associates, the Government of Rajasthan and the Khadi Board. It will be held from December 3 to 5 in Jaipur.

Pavithra Muddaya, Tara Aslam, Manish Saksena, Jason and Anshu are the Bengaluru-based designers who took part in the ‘Handmade in Rajasthan’ project. Along with designers from other parts of the country and abroad, they worked closely with traditional handloom weavers in interior villages in Rajasthan.

What started as a pilot project with Bangladeshi designer Bibi Russell was taken forward on a larger scale after the Chief Minister of Rajasthan Vasundhara Raje was impressed with the collection she created. At the event on Friday, models showcased Russell’s colourful and fresh creations.

“The intention of the project is to revive our country’s traditional fabric and make it more appealing to the younger generation and for a foreign audience,” Prasad Bidappa, the organiser and chief creative director of the project, said. “Through this initiative, eight national award-winning weavers have been elevated to the status of designers with their creations being exhibited at the Rajasthan Heritage Week. That, according to me, is our biggest achievement,” he added.

Pavitra Muddaya, who runs Vimor, along with her mother Chimi Nanjappa, talked about the challenges she faced in the project. “My Hindi is very poor so communicating with the weavers was a problem.”

Muddaya has been working as a textile revivalist, documenting techniques and providing training to traditional weavers. “The way they work there, the processes, the terminology is very different from how it is in South India. It was an eye-opener for me though I have been working in this field for 40 years,” she added.

“In the past I have worked with Pethanis and Maheshwaris but this was the first time that I worked with something from Rajasthan,” said Manish Saksena who worked with traditional weavers in Kaithoon village in Rajasthan’s Kota district to create 18 sarees.

Produced entirely by hand, it took him and the weavers two months to complete them.

“Two of the people I collaborated with were master craftsmen and it was very humbling to work with them.” he added. His sarees will be sold for Rs 10,000 to Rs 50,000 a piece.

Tara Aslam, who has a Khadi store in Bengaluru called Nature Alley, created designs for modern travellers inspired by the tribes of Rajasthan, and Jason & Anshu of the label ‘smallshop’ designed eclectic menswear and womenswear.

source: http://www.deccanherald.com / Deccan Herald / Home> City / DHNS – Bengaluru, November 28th, 2015

M.C. Nanaiah seeks Rs. 100 Cr. for development of Kodagu

Former Law Minister M.C. Nanaiah enjoying a ‘JUMBO’ ride sitting on the tusk of an elephant at the Aane Utsava held at Dubare Elephant Camp in Kodagu yesterday.

NanaiahBF16nov2015

Kushalnagar :

Former Minister M.C. Nanaiah has urged the Government to release Rs. 100 crore for overall development of Kodagu district.

Speaking after inaugurating the 61st wildlife month and elephant day celebrations at Dubare Elephant Camp, near Kushalnagar yesterday, Nanaiah asked the State Government to take Cauvery River cleaning on the lines of Ganga River cleaning taken up by the Prime Minister.

Urging the Government to announce a special package for Kodagu, Nanaiah stressed on the need for initiating appropriate measures for ending man-animal conflict across Malnad region, which has seen an alarming rise over the past few years.

Calling for installation of solar fencing and construction of trenches in order to prevent elephant intrusions into farm lands and human habitats, he urged the Government to move the Supreme Court for taming wild elephants, which are causing havoc across Malnad region.

The former Minister then urged the government work towards conservation of Western Ghats, preservation of forest wealth and water bodies. He also urged the Govt. to regularise the services of Dubare Elephant Camp Mahouts who have been serving for years.

Karnataka Forest Industries Development Corporation Chairman T. Eshwar, in his address, said that the Corporation has sent a proposal to the Government on setting up a mega Bamboo Industry at Kushalnagar at a cost of Rs. 100 crore. Madikeri Division DFO Yedukondalu called upon the involvement of everyone in putting an end to man- elephant conflict.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Monday – November 16th, 2015

‘102-acre land to be converted into 2,000 sites near Madikeri’

Karnataka Housing Board Chairman Nanjayanamata has said that 2,000 sites will be developed on 102 acre land at K Nidugane on the outskirts of Madikeri.

The sites will be developed on PPP mode, he added. Briefing mediapersons on Thursday, he said that the Board had laid a layout on survey number 87/1 on 4.6 acre land at K Badaga.

“The Housing Board will construct Zilla Panchayat Bhavan at a cost of Rs 18.25 crore and mini Vidhana Soudha at a cost of Rs 5 crore.

Tenders will be invited shortly. The Housing Board has constructed 1,17,693 houses and has developed 59,814 sites so far,” he explained.

He said that of the 100 housing projects of the Chief Minister, 97 have been completed. “The work on three projects is in progress and is likely to be completed by February. It has been decided to distribute 3,000 sites in different parts of Karnataka.

The decision on the same will be taken in a meeting scheduled to be held in the third week of November,” Nanjayanamata explained.

source: http://www.deccanherald.com / Deccan Herald / Home> District / DHNS – Madikeri, November 07th, 2015

The Tamara Carnival – music, dance and culture this Christmas

The Tamara Hotel in Coorg, has launched a new product for this festive season, The Tamara Carnival, a fusion of food, music, dance and drama events taking place from 21st December 2015 through to 4th January 2016.

This event promises to be a one-of-a-kind global festival to showcase India’s great social and cultural heritage through music and dance. Not only will Indian culture be showcased, Western music and entertainment will also be catered for through a Blues Band and even a stand up comedian.

This is intended to be the first Tamara Carnival and a signature event of The Tamara prior to taking the carnival forward as a brand to be held accross its other properties in the future.

Speaking on The Tamara Carnival, Mr. Senthil Kumar N, Director and CEO of The Tamara said “The Tamara Carnival is a signature offering of The Tamara and is aimed at elevating and enriching guest experience. The festival has a signature activity daily so that not one day during the festival is the same. Whilst staying at The Tamara Coorg, every guest can enjoy live performances from artists across the country in addition to the treks, coffee plantation visits yoga sessions, and spa treatments already avilable at The Tamara Hotel.” Mr.Kumar added, “The idea is to create this festival franchise, grow it organically and collaborate with the best international and domestic partners to create a niche in enriching guest experience.”

www.thetamaracarnival.com

source: http://www.sourcewire.com / SourceWire, News Distritbution / Wednesday – October 21st, 2015

The Timeless Allure of Kodagu

Dubare Reserve Forest is a great place to ride on elephants | Manjusha Naik
Dubare Reserve Forest is a great place to ride on elephants | Manjusha Naik

Kodagu, also known as Coorg or Kodava Nadu, is undoubtedly one of the best places I’ve visited. It is Karnataka’s well-known tourist attraction and known for it’s coffee plantations, oranges and various spices. Kodavas are the most dominant community at Kodagu.

Kodava cuisine is famous for its bamboo shoot curry, rice rotti and Kadumbuttu-rice dumplings, usually consumed with Pandi (pork) curry. It is also known for its homemade wines made of grapes, sugarcane, beetel nuts, orange, chikoo and gooseberry. These wines are made out of carefully handpicked fruits and are available at the local stores. Homemade chocolates are quite famous too. Honey and Kachampuli (vinegar) are the favourites of the locals.

Buddhist shrine at Bylakuppe
Buddhist shrine at Bylakuppe

I loved visiting the Dubare Reserve Forest and Elephant Camp and running into over 150 elephants. The Buddhist temple and monasteries at Bylakuppe was another delight. I loved photographing the cheerful monks, the multi-coloured Tibetan flags strung across the sky and the detailed murals.

The serenity here evokes within a sense of stirring spirituality and the feeling of being above it all continues when you visit Abbi or Abbey falls, located amid the lush coffee plantations. This place is best visited during monsoon. As I walked across the bridge near the falls for a better view of the scenic beauty, I was mesmerised.

Raja’s seat, located in Madikeri, is known for it’s beautiful view of the valleys that are covered by mists early in the morning. Sunsets here are worth watching too.

I clicked a lot of pictures too at the Nagarhole National Park with the beautiful Kabini lake. There was much to photograph here, including tigers, leopards, wild boar and deer. For a better visual access to the national park, visit it in the summer as during monsoon this place is overgrown by lush forests.

Talacauvery, located in the Brahmagiri hills, is a sacred place where River Kaveri originates. It attracts tourists from all over the world. During the Kaveri Sankramana festival, there are hundreds of people here, trying to collect holy water.

I also visited the Kandi Makki Devastana at the Arji village, Virajpet, in the month of March. A special pooja was held here for about three-and-a-half days for the deities Murthillu, Muthappan, Puakka, Korathi, Potathere and so on. It has been about eight months now since my visit and I am still overwhelmed by the way I felt when I stepped into this sacred place.

Kodagu has a pleasant weather throughout the year. Between June and August, there is heavy rainfall. There are plenty of homestays and resorts. The most recommended ones are The Orange County in Virajpet, Tamara in Yavakapdi village and Amanvana and Honey Pot in Madikeri.

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bengaluru / by Manjusha Naik / October 22nd, 2015

India’s biggest IPO in 3 years fully subscribed

Girls sit at the window of a Cafe Coffee Day outlet in Mumbai, February 25, 2015. The firm behind Cafe Coffee Day, India's biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country's burgeoning cafe culture draws global giants Starbucks and McDonald's. Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said. Picture taken February 25, 2015. REUTERS/Shailesh Andrade  / @ Reuters Girls sit at the window of a Cafe Coffee Day outlet in Mumbai, February 25, 2015. The firm behind Cafe Coffee Day, India’s biggest homegrown coffee chain, is set for a market debut that could value it at almost $1 billion, even as the country’s burgeoning cafe culture draws global giants Starbucks and McDonald’s. Cafe Coffee Day, a cafe pioneer in India, aims to list a 20 percent stake, raising roughly $200 million, within the next quarter, sources with direct knowledge of the plans said. Picture taken February 25, 2015. REUTERS/Shailesh Andrade / @ Reuters

New Delhi (NewsRise):

The owner of India’s largest coffee chain received bids for 1.2 times the shares it offered in the nation’s biggest initial public offering in three years, indicating that investors remain bullish on Prime Minister Narendra Modi’s efforts to revive economic growth.

Coffee Day Enterprises, which runs the Cafe Coffee Day outlets, received 31.3 million bids for the 25.8 million shares it offered, according to provisional data on the National Stock Exchange. The company aims to raise as much $176 million via the IPO.

A slew of companies, including India’s largest discount airline, have filed for IPOs this year, betting that Modi’s reforms and easing interest rates will revive growth in Asia’s third-largest economy. As many as 16 companies filed their draft prospectus with markets regulator the Securities and Exchange Board of India between July and September, the highest quarterly filing in four years, Business Standard newspaper reported.

“Improvement in the economic situation means that the appetite will pick up,” said Deven Choksey, managing director at K.R. Choksey Shares and Securities. “If quality papers come at a reasonable price, investors will be more than happy to purchase.”

Until Thursday, Coffee Day Enterprises had received bids for 75% of its shares on offer. Demand picked up after a lukewarm response on Wednesday, the opening day for subscription, led by bids from the so-called Qualified Institutional Buyers that included local banks and insurance companies.

Discount carrier IndiGo’s parent InterGlobe Aviation is likely to open the 25 billion rupee ($385 million) initial public offer on Oct. 26, Economic Times reported. Mumbai-based L&T plans to sell 17.5 million shares, or nearly 11% of outstanding stock of unit Larsen & Toubro Infotech. L&T, which currently holds 161.25 million shares in the unit, plans to raise around 15 billion rupees via the share sale.

Coffee Day Enterprises has been expanding outlets in recent years, betting that rising disposable incomes and increasing coffee consumption in the world’s second-most populous nation will boost revenues.

Analysts had largely advised investors to be cautious about the company’s financials and its complex structure, which includes a range of businesses from real estate to software services. Coffee Day’s other businesses have a history of weak returns on capital, they said.

From January to September this year, 15 companies had raised $992 million through IPOs in India, compared with $197 million last year and $235 million in 2013. The market is still a fraction of what it was in 2010, when 64 firms raised $8.34 billion, according to Prime Database.

source: http://www.asia.nikkei.com / Nikkei Asia Review / Home> Markets> Equities / October 16th, 2015