Category Archives: Business & Economy

Sun TV’s Kalanithi Maran and wife take total remuneration of Rs 155.86 cr in FY17

Mumbai :

Sun TV Network founder-promoter Kalanithi Maran and his wife Kavery have taken home a combined remuneration of Rs 155.86 crore in FY17, making them one of the highest-paid corporate executives in the country.

The Marans were paid Rs 77.93 crore each as salary plus bonus in FY17, an increase of 9.04% from the earlier year. In FY16, each enjoyed a remuneration of Rs 71.47 crore.
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While the salary remained the same, the increase in remuneration was mainly due to an increase in ex-gratia/bonus. The bonus component rose by over 11%.

Sun TV Network founder and executive chairman Kalanithi and his wife Kavery, who is an executive director, received Rs 13.14 crore each as salary, the same as in the year-ago period. However, the ex-gratia/bonus income rose to Rs 64.79 crore each from Rs 58.33 crore a year ago.

Maran received a dividend of Rs 295.56 crore in FY17 compared to Rs 458.12 crore in the prior year.

Meanwhile, Sun TV MD and CEO K Vijay Kumar drew a salary plus bonus of Rs 1.17 crore in FY17 compared to Rs 1.08 crore in the earlier year. Vijay Kumar’s salary grew to Rs 97 lakh from Rs 82 lakh in FY16.

Sun TV Network’s total income for the year ended 31 March 2017 was up 8.03% at Rs 2,703.80 crore, as against Rs 2, 502.75 crore a year ago. Profit before tax stood at Rs 1,490.35 crore against Rs 1,334.24 crore a year ago.

Profit after tax was Rs 979.41 crore as against Rs 869.69 crore in the previous year.

source: http://www.televisionpost.com / Television Post / Home> Television / by Television Post Team / September 04th, 2017

From seed to cart: fifth-generation entrepreneur puts Karnataka coffee on the world map

With coffee gaining widespread acceptance across India, Classic Group is experimenting to create offerings that appeal to the Indian palate.

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Legend has it that centuries ago, a Sufi Saint – Baba Budan – planted seven coffee beans in the hills of Chikmagalur, introducing coffee to India.

Now called Baba Budan Giri Hills, the birthplace of Indian coffee is where 150-year-old Classic Group grows its coffee brand. Apart from coffee, the group also has dealings in real estate, hospitality, retail and distribution. But they want the world to wake up and smell the coffee!

For about 25 years now, the Classic Group has been exporting coffee beans around the world to micro roasteries, bigger roasteries and cafes, roasting them according to their clients’ needs. Over the last few months, the group’s horizons have widened.

India may still be a nation of tea lovers, but the popularity enjoyed by Gloria Jean’s and Starbucks shows that at least the younger generation is warming up to the bitter sweetness of coffee. In a tête-à-tête with YourStory, Tapaswini Purnesh, 30, a fifth-generation entrepreneur from the Classic family, speaks about how she combines culinary knowledge and understanding of flavour patterns with her expertise in brewing techniques to craft coffee that appeals to the Indian palate.

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A mechanical engineer and diploma holder from Le Cordon Bleu, Paris, the most prestigious culinary school in the world, Tapaswini is now Director of Marketing and Promotions at Classic Coffees.

Changing consumer behaviour

Europeans end every meal with coffee, but in India, coffee is yet to gain that scale of popularity. In South India, coffee still refers to filter coffee. Chains like Café Coffee Day have succeeded in popularising Western tastes like Cappuccino and Espresso. Yet, there was no deep knowledge on pure coffee; chicory coffee was the norm and most youngsters didn’t drink a lot of coffee.

Around 2010, Tapaswini had started a café next to Orion Mall, in Bengaluru, as a micro roastery.

“We were roasting coffee and selling it fresh. But it was too early for the concept. The coffee culture was yet to grow here,” she recollects.

Things, she says, have changed in the last eight years.

“Now a lot more micro roasteries are opening up. Youngsters who travel abroad for work or study are familiar with pour-over coffee and nitro coffee. Coffee is super cool and hip. We are targeting that audience,” she tells YourStory. She adds that although Classic Coffee’s target is the 30-45 age group, people who are 60 years old and above are also open to experiments in coffee these days.


Creating excitement around coffee

India is the sixth largest producer and fifth largest exporter of coffee in the world. In fact, according to IBEF data, about 70 percent of coffee produced in the country is exported. Varieties like Bru’s different African flavours and Nestle’s instant cappuccino mixes have reached the masses in India over the last few years.On the branded side, as opposed to the traditional one, Cafe Coffee Day and Starbucks have made a mark too. But Classic Coffees aims to get people to drink more coffee every day, and “in a more exciting fashion”.

About eight years ago, India’s most famous coffee connoisseur Sunalini Menon did two coffee blends for Classic Coffees. It started off as a pet project as Tapaswini wanted Indian coffee lovers to enjoy coffee of export quality. Her next strategy was to come up with coffee for different times of the day. In May 2017, Classic Coffees launched four new blends with pure Arabica beans. Interestingly, they were named after the times of the day they were meant to be consumed – Blaze in the morning, Matinee for afternoons, Sundowner in the evening, and Afterhours after dinner. Each 250gm packet was priced at Rs 300.

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But do Indians drink coffee late night? Tapaswini says this is where she found a surprising change in consumer behaviour.

“AfterHours is not decaf, it is not mixed with any flavours. While the others are extremely smooth and fruity, this is more like a dessert. It has maximum movement as people are intrigued by the concept,” she says, adding that north Indians warmed up to them more easily as they don’t have any preconceived notions of coffee.

Science behind the coffee

The Classic Coffees comes from an ancestral estate in Sakleshpur, where they also grow Robusta. In Baba Budan Giri, the altitude and weather conditions are just right for Arabica.

The wisdom behind each kind of coffee is deep. For instance, instant coffee comprises broken bean (all neighbourhood roasters use it), but Classic offers only filter coffee.

Tapaswini believes that the same coffee brewed in different equipment will have different flavours.

She says, “We have Indian filter, French press, aero press etc. For the four blends, we recommend the best equipment for each on the cover itself. We also mention the flavour, and whether it is best had with milk or not.”

Tapaswini conducts coffee-tasting sessions with accompaniments such as lemon tarts, cheese, apple slices and other goodies to ensure coffee drinkers derive complete enjoyment of the flavour.

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Taking the name overseas

Synergy coffee is exported – but not in packaged form – to the US, Europe, Korea, Japan, Australia, and New Zealand among other countries.

Tapaswini travels a lot for festivals of international bodies like Specialty Coffee Association, and attends events by coffee associations in the US and Europe. Micro roasteries and equipment manufacturers from across the world participate in these events.

“We are not just a brand like you see in stores. We are one of the few who do seed-to-cart. We grow it from sapling, pick and pack. Except the roasting bit, which we outsource, we do everything including processing after plucking. We do small batches for sellers if they want it customised, say fermented in milk. But it will all be sold under our name,” Tapaswini says.

Classic Coffees also has international blends such as Kenyan and Ethiopian through partners in those countries.

Currently, Classic Coffees is sold on online platforms such as BigBasket, and offline stores, including Westside Gourmet, Namdhari, and Nature’s Basket, and at airports in Delhi and Bengaluru. The company gets monthly orders of about one tonne now, and is targeting 8-10 tonnes by March 2018.

Classic Coffees has more surprises coming up for coffee lovers – a combination of alcohol and coffee is one of them. And the coffee and tea market, estimated to be worth Rs 41,800 crore, has plenty of space for more flavours and more players.

In fact, while FMCG brands and coffee market leaders like Nescafe have shown no keenness to promote premium coffee in the country, quite a few startups have exploited the opportunity – Bonhomia, which sells capsules for coffee machines, and Blue Tokai, which has branded itself through premium restaurants and cafes.

Another prominent player, Flying Squirrel, which aims to transform coffee into an artisinal food item, offers seven variants, but does not sell offline as they want to deliver coffee beans that are freshly roasted after an order is placed. Indian Bean and Seven Beans are also competing in the same space.

It looks like coffee lovers have found their cup of paradise on earth, thanks to a new generation of entrepreneurs who think outside the box.

source: http://www.yourstory.com / Your Story / Home> Stories / by Athira A Nair

Rajasthani Textile heritage at lit fest in Bhutan

Thimpu (PTI) :

Ahead of the 8th edition of the Mountain Echoes literary festival that begins tomorrow, an exhibition showcasing the traditional designs of Rajasthan was inaugurated here today.

Curated by Indian fashion designer Prasad Bidapa, the show titled “Handmade in Rajasthan” is being hosted at the Nehru Wangchuk Cultural Centre here.

With collections inspired by traditional ‘kota doria’ and handloom cotton saris, the exhibition celebrates the indigenous craft forms that give Rajasthan its distinctive identity and aims to present a 360-degree view of the state’s textiles.

“Mountain Echoes presents a carefully curated segment of beautiful clothes which are handmade in Rajasthan. Each garment reflects the heritage aspect of Indian textiles and craftsmanship, creating a resonance that is luxurious and extremely collectible.

“From the finesse of the kota doria sari to the robust hand-woven khadi… from the exquisite precision of our hand- blocked printing to the finesse of our embroidery, this collection is an emphatic tribute to the spinners, weavers, dyers, printers and embellishers of the beautiful state of Rajasthan,” Bidapa said.

The show sets the stage for the literary festival that will witness literary discussions with speakers from across the globe including Shashi Tharoor, Markus Zusak, Karma Gelay, Pema Abrahams among others.

Set against the stunning backdrop of the eastern Himalayas, Mountain Echoes literary festival is an initiative of the India-Bhutan Foundation, in association with the Indian literary consultancy, Siyahi.

The festival will come to a close on August 27.

source: http://www.ptinews.com / Press Trust of India / Home> Nation / Thimpu – August 23rd, 2017

Kodagu tops in implementation of podi file clearance, says minister

District In-charge Minister M R Seetharam receives guard of honour at the 71st Independence Day celebrations at Old Fort premises in Madikeri on Tuesday. Dh photo
District In-charge Minister M R Seetharam receives guard of honour at the 71st Independence Day celebrations at Old Fort premises in Madikeri on Tuesday. Dh photo

District In-charge Minister M R Seetharam said that Kodagu district tops in the implementation of podi file clearance programme. Under the scheme, the officials have identified the exact boundary lines of land belonging to farmers and recorded them in relevant documents by awarding a new pahani in 115 villages of the district, for free of cost, he said.

Delivering the Independence Day address at the Old Fort premises in Madikeri on Tuesday, he said that 5,338 persons have benefited from the podi file-clearance programme of the government. This will be extended to all the villages in the district.

The minister said the concept of social justice and farsightedness is the guiding force behind the functioning of the State government. “We have to walk on the path laid down by our forefathers. By understanding the concept of freedom, we have to strive for the development of the country by shunning the differences,” he said.

Stating that the state government has taken up development works in the district in the last four-and-a-half years, Seetharam said that displaced Diddalli tribals have been rehabilitated near Kushalnagar. The title deeds will be distributed to them shortly. The department of Science and Technology will builtsub-regional science centre at the district headquarters at a cost of Rs 4 crore. It has been proposed to set up a mini planetarium, at a cost of Rs 5.75 crore in the district, he said.

Further, he said that Rs 50 crore has been released for repair of rural roads in the district. Under Kodagu package, 122 works will be taken up. A sum of Rs 38 crore has been released for the development of state highway and district roads.

He said the work on zilla panchayat administrative building is in progress and is likely to be completed by next June. In the backdrop of drought, the state government has waived Rs 151 crore loans borrowed by 34,000 farmers in the district.

SPC, Seva Dal, NCC, Scouts, Guides, students of General Thimmaiah School, Kodagu Vidyalaya, Rajeshwari Government PU College, GMP School, St Michael Convent, St Joseph Convent students took part in the march past. The students of St Joseph School, St Michael School, Rajeshwari School and Kendriya Vidyalaya presented cultural programmes.

P M Shailaja, Mohammed Rafeeq and M B Muneer, who have been selected for Jeevarakshaka Award were felicitated on the occasion.

Students collapse

Unable to bear the heat, two students collapsed during the march past. The students were given first-aid.

source: http://www.deccanherald.com / Deccan Herald / Home> District / DH News Service, Madikeri / August 16th, 2017

Reformed beat system will help maintain peace in society, says Kodagu SP

The reformed police beat system will strengthen policing and will help in improving relationship with the public, said Superintendent of police P Rajendra Prasad.

He was speaking at a meeting of reformed beat members organised by the district police, town and rural police station in Madikeri on Sunday.

The Police department had a beat system in the past. If the police and public work in coordination, then untoward incidents in the society can be prevented, he said. The reformed beat system will help in maintaining peace in the society, he felt.

“About 40 to 45 persons from a village will be part of the beat system. The department will issue a identity cards to them. The members in the beat can inform the police about the untoward incidents being reported in the village.”

Sub-division DySP K S Sundar Raj said, “Police and people-friendly system will help bringing in reforms in the society. There are a few allegations against the police system. The police have a responsibility discharge their duties in a responsible manner.”

Those who helped in solving the crime reported at Makkandoor was felicitated on the occasion.

Circle inspector I P Medappa, K Nidugani gram panchayat member Udiyanda Rita were present.

source: http://www.deccanherald.com / Deccan Herald / Home> District / DH News Service, Madikeri / July 30th, 2017

Implementation of Satwa scheme in Kodagu district mooted

Women and Child Development Committee chairman N A Haris speaks at a meeting in Madikeri on Thursday. DH photo
Women and Child Development Committee chairman N A Haris speaks at a meeting in Madikeri on Thursday. DH photo

The Satwa scheme, implemented in Chamarajanagar district to eradicate malnutrition, should be implemented in Kodagu district as well, said Women and Child Development Committee chairman N A Haris.

He was speaking at a review meeting to discuss progress of welfare programmes taken up under Women and Child Development Department in the city on Thursday.

“Through Satwa scheme, 500 children suffering from malnutrition in Chamarajanagar district have been already brought to mainstream. Children suffering from malnutrition in Kodagu district should also be brought to the mainstream. The officials should show special concern towards such kids,” he said.

He said officials should ensure that pregnant and puerperal women get nutritious food.

Haris expressed displeasure over failure to utilise Rs 21 lakh released by the government to provide financial assistance to pregnant and puerperal women under Scheduled Tribe Special Component Plan. He observed that the number of Stree Shakti groups in the district is less and said there is a need to increase the number of groups to get the facilities from the government.

Haris directed the CDPOs and the department’s deputy directors to visit anganwadi centres and inspect the quality of food being supplied.

MLC Veena Acchaiah said that Women and Child Development Department, Education and Labour Department officials should work in coordination to bring school dropouts back to the portal of the school.

Women and Child Development Committee member Sudhakar Lal said that anganwadi centres should be opened at Basavanahalli and Byadagotta where Diddalli tribals have been rehabilitated.

source: http://www.deccanherald.com / Deccan Herald / Home> District / DH News Service, Madikeri / July 21st, 2017

JD (Secular) convention in Madikeri on July 27

Janata Dal (Secular) will organise a convention at Kaveri Kalakshetra in Madikeri on July 27.

Briefing media persons here on Saturday, JD(S) district in-charge Vijay said that former MP A H Vishwanath, MLA G T Devegowda, former MLA Shivakumar and former minister Jeevijaya will take part in the convention.

K M Ganesh, who has tendered resignation to Congress, will join the JD(S) on the occasion. Along with him, around 30 leaders are likely to join the JD(S), he added.

The party’s candidates will win forthcoming Legislative Assembly election in Madikeri and Virajpet constituencies, he said.

source: http://www.deccanherald.com / Deccan Herald / Home> District / DH News Service, Madikeri / July 22nd, 2017

Harangi reaches full reservoir level; Tungabhadra receives good inflow

Hadinarukallu Mantap and the bathing ghat are partially submerged in swollen Kapila river following the release of water from Kabini reservoir in Nanjangud taluk on Sunday. dh photo
Hadinarukallu Mantap and the bathing ghat are partially submerged in swollen Kapila river following the release of water from Kabini reservoir in Nanjangud taluk on Sunday. dh photo

Reservoirs in the state continued to receive good volume of water despite a lull in monsoon showers. The inflow to Tungabhadra reservoir has increased following the release of water from Tunga dam in Shivamogga district.

The reservoir near Hosapete has received a staggering 8 tmcft of water since Friday. The storage level in the reservoir on Sunday stood at 26.211 tmcft. It was 18.305 tmcft on Friday. The inflow was 51,162 cusecs while the outflow was 2,359 cusec.

Harangi reservoir in Kodagu district is only 2 feet short of reaching the full reservoir level (FRL). The water level at Harangi on Sunday was 2,857.21 feet while the FRL is 2,859 feet.
About 1,200 cusecs water from the reservoir was released into the river.

Minor Irrigation, Superintending Engineer, M N Chandrakumar, said, “ Based on the volume of inflow to the reservoir, water would be released into the river in phases.

A meeting of the irrigation consultation committee will be held in Bengaluru on July 25. After the meeting, the decision will be taken to release water through canals for agricultural activities.”

Keeping in mind the safety of the reservoir, the water level would be maintained at 2,857 feet, said Executive Engineer S C Rangaswamy.

At present, the Harangi reservoir has a storage of 7.89 tmcft. The reservoir had reached FRL last year on July 10. The reservoir irrigates 1,34,895 acre farm land in Kodagu district and Periyapatna, Hunsur, KR Nagar in Mysuru district and Arkalgud in Hassan district.

Meanwhile, the six low-laying barrages-cum-bridges across Krishna and its tributaries in Chikkodi taluk in Belagavi district continued to remain under water despite a lull in showers in Maharashtra. Krishna river has recorded an inflow of 1.71 lakh cusecs on Sunday while its tributary Malaprabha received 20,113 cusecs. Doodhganga and Vedganga are flowing in full spate.

source: http://www.deccanherald.com / Deccan Herald / Home> State / DH News Service, Bengaluru / July 24th, 2017

Rohan Bopanna signs partnership with balanced energy drink Enerzal

Sports marketing agency Meraki Sport and Entertainment manages Bopanna's commercial endorsements and is also Enerzal's sports marketing agency
Sports marketing agency Meraki Sport and Entertainment manages Bopanna’s commercial endorsements and is also Enerzal’s sports marketing agency

Mumbai :

Following up on his maiden Grand Slam success at the French Open last month, Indian tennis star Rohan Bopanna has partnered with FDC India’s balanced energy drink brand Enerzal.

Enerzal has also partnered with Bopanna’s Bengaluru based tennis academy.

“Tennis is a sport that we as a brand are invested in and believe that India has tremendous potential to excel at globally. Teaming up with Rohan and his academy allows us to truly be a part of the tennis ecosystem, from the grassroots all the way to the top. We also believe that this partnership complements our existing investments in the sport,” said Ameya Chandavarkar, director, FDC India.

Bopanna added, “For any professional athlete, diet and nutrition is of the utmost importance. To ensure that we are at the peak of our performance during matches we need to be optimally hydrated. Having a brand like Enerzal supporting and working with me to get it right is something that I have wanted for some time. I am also happy that the brand has partnered with my academy. It is fantastic to partner with a brand whose objective is the development of tennis in India.”

Sports marketing agency Meraki Sport and Entertainment manages Bopanna’s commercial endorsements and is also Enerzal’s sports marketing agency.

“Over the last two years we have worked with Enerzal to structure partnerships across a range of different sports. Staying true to the brand’s objective of enhancing India’s sporting ecosystem we have partnered with initiatives, events and teams that do just that. From grassroot tournaments like the Subroto Cup to sponsoring India’s Davis Cup match against New Zealand in Pune, the brand is committed to supporting all levels of the sporting ecosystem.” said Namrata Parekh, Co-Founder & Director – Meraki Sport & Entertainment.

source: http://www.economictimes.indiatimes.com / The Economic Times / ET Home> Industry> Services> Advertising / by Gaurav Laghate, ET Bureau / July 12th, 2017

Businessman’s dream home for wife to be up in 24 hrs

Highlights

Tyag Uthappa from Kodagu is planning to gift a 3-bedroom house covering 2,400sqft, built in 24 hours flat

A Bengaluru-based company is out to prove a point, and also set a world record with this dream home

The Limca Book of World Records has acknowledged this claim and will send a team to document the execution
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Bengaluru :

A three-bedroom house covering 2,400sqft, built in 24 hours flat. At Rs 48 lakh, plus tax. That’s some fast and furious work, and cheap too.

A Bengaluru-based company, specializing in rapid construction and building innovation technology , is out to prove a point, and also set a world record with its dream home for a city businessman.Tyag Uthappa, coffee planter and businessman from Kodagu, is planning to gift the marvel to his wife on her birthday .

Using the precast method of construction, the project is tentatively scheduled for July 15 at T Agrahara, close to Stonehill International School in North Bengaluru. The Limca Book of World Records has acknowledged this claim and will send a team to document the execution.

The construction will cost Uthappa about Rs 48 lakh, plus tax, compared to Rs 70-80 lakh for a normal construction of this size.

“The delay in the project handover, quality of construction and exorbitant prices are making people think twice before investing in real estate projects. Precast technology could be the answer. It reduces construction timelines and improves sustainability and quality . Most important, precast buildings can last a lifetime,” said Paddy Menon, chief disruptor, REBEL Disruptive Building Technologies, who’s taken the lead in attempting a record.

According to the 2015 Survey of Construction from the Census Bureau, the average completion time of a singlefamily home is around seven months. “The amount of time it takes to build your home depends on the type of home you’re building and various other factors, like labour, raw material supply and weather.But this is amazing, considering that these factors become irrelevant. The new technology can give a fillip to affordable housing and the Modi government’s ambitious project to provide houses to all by 2022,” said a builder.

How is the construction done in such quick time?
Menon explained: “We use moulds using precast to create structural elements which are standardized.” A house could have 15 to 25 large elements. These are transported to the site, using trailers. We use standard strip foundations we normally see at construction sites, and with the help of cranes we assemble these walls (elements) and construct the whole house. We ensure that the elements are assembled with great care and precision, with appropriate joints.This technology helps us skip a lot of procedures which we follow in the conventional method of construction, and makes work easier and faster,” Menon explained.

Construction trend: In 2016, a 10 storey structure was built in 48 hours in Mohali, using precast technology , and entered the Limca Book of Records.

A builder said there have been instances of houses being built in 48 hours, a week or month, but this is the first time someone is attempting to set a record by building a 2,400 sqft house, which could change the way the construction industry is going about its work.

Saves time, improves quality: Paddy Menon, chief disruptor, REBEL Disruptive Building Technologies, said precast technology has proved its worth by saving a lot of construction time in Europe and West Asian countries. The best part of the technology is that it not only speeds up construction work but also enhances quality of the final output.

This technology is still nascent in India, though a few large projects are happening in a few metros, and need a lot more awareness among common people.

source: http://www.timesofindia.indiatimes.com / The Times of India / News> City News> Bangalore News / by Manu Aiyappa Kanathanda / July 03rd, 2017