Monday 14 December 2015

Narayana Hrudayalaya Limited Offer opens on Dec.17

- Price Band fixed from Rs. 245 to Rs. 250 per Equity Share
 Bengaluru : Narayana Hrudayalaya Limited (the “Company” or “Issuer”) is proposing, subject to applicable approvals, to make an initial public offer and has filed a Red Herring Prospectus (“RHP”) dated December 08, 2015, with the Registrar of Companies, Bengaluru, Karnataka for an Initial Public Offer of up to 24,523,297 Equity Shares of Face Value of Rs. 10 Each ("Equity Shares") of the Company for cash at a Price Band from Rs. 245 to Rs. 250 per Equity Share including a share premium ("Offer") through an Offer For Sale of up to 6,287,978 Equity Shares by Ashoka Investment Holdings Limited, up to 1,886,455 Equity Shares by Ambadevi Mauritius Holding Limited, up to 12,261,648 Equity Shares by JP Morgan Mauritius Holdings IV Limited (the "Investor Selling Shareholders"), up to 2,043,608 Equity Shares by Dr. Devi Prasad Shetty and up to 2,043,608 Equity Shares by Shakuntala Shetty (the "Promoter Selling Shareholders") (together the "Selling Shareholders") ("Offer for Sale"). The Offer will constitute approximately 12% of the Post-Offer Paid-Up Share Capital. 
       The minimum Bid Lot is for 60 Equity Shares and in multiples of 60 Equity Shares thereafter. The Company and the Selling Shareholders may, in consultation with the BRLMs, consider participation by Anchor Investors. The Anchor Investor shall bid on the Anchor Investor Bidding Date i.e. one Working Day prior to the Bid/Offer Opening Date. The Bid/ Offer will close on December 21, 2015, for all Bidders. The Equity Shares offered through the Offer are proposed to be listed on BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”). The Book Running Lead Managers (“BRLMs”) to the Offer are Axis Capital Limited, IDFC Securities Limited and Jefferies India Private Limited. 
      The Offer is being made in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI ICDR Regulations"), through the Book Building Process wherein 50% of the Offer shall be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs"), provided that the Company and the Selling Shareholders may allocate up to 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third shall be reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price, in accordance with the SEBI ICDR Regulations. 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Offer shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Offer shall be available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. All potential investors, other than Anchor Investors, may participate in this Offer through an Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank accounts which will be blocked by the Self Certified Syndicate Banks ("SCSBs"). QIBs (except Anchor Investors) and Non-Institutional Bidders are mandatorily required to utilise the ASBA process to participate in this Offer. 
      Founded in 2000 by Promoter, Dr. Devi Prasad Shetty, who has over 30 years of medical experience, including as a cardiac surgeon, the Company is one of the leading private healthcare service providers in India, operating a chain of multispecialty, tertiary and primary healthcare facilities. As of the date of the Red Herring Prospectus, it had a network of 23 hospitals (multispeciality and superspeciality healthcare facilities which provide tertiary care), 8 heart centres (superspeciality units which are set up in a third party hospital) and 24 primary care facilities (including clinics and information centres), across a total of 31 cities, towns and villages in India, with 5,442 operational beds and the potential to reach a capacity of up to 6,602 beds. In FY 2015, the facilities provided care to over 1.97 million patients. Headquartered in Bengaluru, it operates a national network of hospitals in India with a particularly strong presence in the southern state of Karnataka and eastern India, as well as an emerging presence in western and central India. As of September 30, 2015, it had 11,163 employees, which included 344 doctors, 5,587 nurses, 1,996 paramedical staff and 3,236 administrative personnel. Additionally, it had 487 students, which included 469 doctors, 14 paramedics and 4 administrative trainees. Further, it had 1,750 doctors on a consultancy basis (including visiting consultants) engaged in the system.

Sunday 13 December 2015

First Anniversary Celebration of the Sacred Srimandir of Sri Thakur Anukulchandra in Bangalore

Bengaluru: The 1st anniversary celebration of the Sacred Srimandir of Yuga Purushottam Param Premamaya Sri Sri Thakur Anukulchandra was held on the 13th December at Medahalli in Bangalore with the blessings of Acharyadev Sri Sri Dada.
      Around 15000 devotees from various parts of India and abroad attended the celebration. The Srimandir was inaugurated last year in the presence of Rev Arkadyuti Chakravarty, the great grandson of Sri Sri Thakur Anukulchandra.This is the first Srimandir of Satsang in the state of Karnataka. 
    The daylong celebrations began with the congregational prayer at 6-34am. It was followed by readings from the divine literature of Sri Sri Thakur Anukulchandra.In the general meeting at 11 am, Dr.Radheshyam Biligrami, SPR, Satsang and Ex-Professor, Muzaffurpur University described ‘Satsang’ as a man-making institution. He highlighted how millions of people have reformed themselves by following the path of Satsang. Sri Dhriti Sunder Bhtaacharya, SPR Satsang and General Manager- R&D at 3M emphasized the need to lead an ideal-centric life to achieve harmony, peace and balance. Hedescribed how SriSri Thakur’s teachings have transformed millions of lives. Sri SV Rao, SPR, Satsang said, that the utter indiscipline and chaotic conditions that prevail today resulting from the lack of self-adjustment. Without active attachment to a living Ideal, a man can never adjust himself, his family, society or state.Sri Surya Prakash Mohapatra said that the more people congregate under the banner of a single Ideal through the medium of initiation, the greater sense of interestedness will evolve. 
      Several other events and cultural activities were held during the day long celebrations. Free Health Check-up Camps were organized where more than 1000 patients were treated with free medicines. Over 15000devotees of satsang from all parts of India and abroad participated in the celebrations. 
     Elaborate arrangements for free accommodation, hospitality, prasad distribution, sanitation were made by the local devotees. A very positive vibration among the satsangees and admirers of Sri Sri Thakur prevailed all through the day.This created an urge for the existence and growth of mankind in order to reform the present society. Over 1000 persons took the holy initiation. 
     Sri Sri Thakur Anukulchandra was the founder of Satsang Movement that started in the first decade of the last century. There are more than five thousandSatsangSrimandirs, vihars and centers in India and abroad and more than five crores devotees consisting of Hindus, Christians, Muslims, Sikhs and others. Ever since its inauguration, SatsangVihar, Bangalore has been spreading the message of ‘being and becoming’ and ‘life and growth’ among people in and around Bangalore and Karnataka.

Celkon Mobiles associates with Actor Yash as brand ambassador

Bengaluru: one of the leading Indian mobile brands with significant presence in South India has roped in actor “Yash” as its brand ambassador . The endeavour is to build Celkon as an inspirational brand for the youth and introduce technologically advanced value products in the market. During his association he will be working closely with the Celkon team for brand development and enhancing the visibility in south India. 
      Celkon Mobiles has constantly launched innovative offerings in Tablets, smartphone and feature phone categories. Established in 2009, Celkon has grown multi-fold and rapidly expanding across major territories in India and have established a strong footprint overseas in countries like Sri Lanka, Bangladesh, Nepal, Singapore in the ASEAN region and Zimbabwe, Botswana, South Africa, Namibia, Zambia in EMEA. 
     Commenting on the occasion Mr. Y Guru, Chairman and Managing Director - Celkon Mobiles, said, “ We are pleased to be associated with Yash the leading cine star of present times. He is definitely an ideal choice as our Brand Ambassador as we are planning for further expansion with exciting products combined with youthful features . This association will help us create a distinct and a brand par excellence which will attract the right audience ” 
     Commenting on the occasion Mr. Murali Retineni, Executive Director-Celkon Mobiles said “Celkon’s rich product portfolio comprising of Smart phones, Feature phones and Tablet PC’s has achieved success and established us an organisation with clear focus on technology and innovation. As we look to expand our footprint and our association with Yash is an ideal partnership for us to connect with audiences as he is the leading name in the entertainment industry.” 
     Expressing his excitement on the association with Celkon , Yash the cinestar said, “ I feel proud and happy to be associated with Celkon and I thank the management for this association. Celkon has a brand has grown tremendously over the years and has launched fantastic products . As an organisation Celkon believes in customer satisfaction and delivery. I am confident that Celkon will soon achieve greater success and will revolutionise the mobile handset market with its innovative products at amazing prices”

Thursday 10 December 2015

India creates 2 Guinness World Records on a single day!

KISS makes India proud by creating 3 international records; longest human sentence, most simultaneous high fives and longest human chain for 30 kilometres!

 It was a proud moment for Indians as two new records made its entry to the Guinness World of Records on a single day! The tribal students studying at Kalinga Institute of Social Sciences (KISS), world's largest tribal school, created the Guinness World Records by making the ‘Largest Human Sentence’ and 'Most Simultaneous High-Fives' on Wednesday. Around 15,225 students of KISS created the human sentence - ‘WE URGE FOR WORLD PEACE’ - in presence of Guinness World Records officials. On the eve of International Human Rights Day, students of KISS gave a message of peace to the world as well as need to join hands against terrorism. The second record was created when the students of KISS achieved ‘Most Simultaneous Hi-Five in a Human Chain'. As many as 25,151 students participated in making of this record.
The previous records for largest human sentence was created in November 2015 at Dubai where a total of 6,958 participants from 35 different schools formed the words “HAPPY NATIONAL DAY”. The Dubai students had then broke the record for the largest human sentence created in May 2015 in France by 6,282 participants when they spelled out "Tien's Dream is nice in the Cote D'Azur." Interestingly, the human sentence by Indian students has almost doubled the record set in Dubai and France. Similarly, on 29th August 2015, record for the 'Most Simultaneous Hi-Fives in a Human Chain' was made in Canada by 7,238 people. The students of KISS also shattered this record and achieved. Ms. Fortuna Lisa Burke, an official of Guinness World Records, group of auditors and group of witnesses were present to watch the six-hour long programme and adjudicate the world records. Creating the record was not an easy job as the KISS students had to wear the same colour and stand perfectly still for five minutes while forming the sentence grammatically correct.
Meanwhile, on Thursday, around 25,000 students from KISS created a human chain that spread across 30 kilometres length of road in Odisha capital Bhubaneswar. The event was inaugurated by Odisha Governor SC Jamir and Chief Minister Naveen Patnaik took part in the concluding ceremony. Expressing his happiness over this achievements, Dr. Achyuta Samanta, Founder, KIIT & KISS thanked the officials of Guinness World Records and students of KISS, and said, it is not only a matter pride for KISS, but also for Odisha as well as entire country. Students of KISS gave a message to world to join hands against terrorism and to bring peace on the eve of World Human Rights Day.

Wednesday 9 December 2015

Orion Fashion Week Is back to Celebrate glitz and glamour !

Bengaluru: Orion Fashion Week is here and an array of iconic International and Indian brands will showcasetheir latest collections on 10th, 11th and 12th December, 2015, at the lakeside, Orion Mall at Brigade Gateway.Now in Its fourth edition, this style extravaganza continues to be a celebration of glitz and glamour and a much-awaited event on the fashion calendar.
     Orion Fashion Week is a class apart, highlighting the newest fashion trends by world-leading brands such as, Elle, Arrow,Celio, Flying Machine, Ed Hardy, Raymond, Soch, Swarovski – The Premium Fashion Jewelry Brand, , The Children’s Place, U.S. Polo Assn., Pepe Jeansand Ritu Kumar. The Fashion Shows will be followed by scintillating after-parties at Café Mangii, The Big Kahuna and The High Ultra Lounge located within the Brigade Gateway Campus.
     The event will also include an exclusive fashion showcase by SWAROVSKI with preview of the next season’s exquisite collection.
     While top models will walk the ramp in the hippest styles, this year’s Orion Fashion Week sees the star quotient go even higher with Bollywood diva and fashion icon Chitrangada Singh as the showstopper for the grand finale on 12th December 2015. Sandalwood sensation SanjjanaaGalraniand the sizzling KritiKharbanda will be the showstoppers on 10th and 11th December respectively.
     Speaking about the event, Mr. Vishal Mirchandani, CEO- Retail & Commercial, Brigade Enterprise Ltd., said, “Orion Fashion Week has become a grand showcase for the trendiest collections of the season. The first three editions established Orion Mall as a fashion destination offering world-class retail infrastructure and welcoming shoppers from across the city. This year,the Orion Fashion Week is bigger than ever andwill be held at the picturesque lakeside on all three days. The Orion Fashion Week promises to be a spectacular coming together of fashion, glamour and revelry.”      
     Orion Fashion Week 2015 will be choreographed by Bangalore’s very own fashion guru Prasad Bidapa and over 26 models will be setting the ramp on fire. About the showstoppers this year, Mr. Prasad Bidapasaid, “We found an apt synergy between Orion Fashion Week, which is the epitome of style and elegance, and Chitrangada Singh, an iconic fashionista who will be the showstopper for the grand finale. The gorgeous girls SanjjanaaGalrani Ray and KritiKharbanda would be glamorous showstoppers on the first two days.”
   The Orion Fashion Week 2015 is presented by State Bank of India in Association with Elle.

Bajaj Electricals launches ‘.nxt’ rangeof new generation LED lighting solutions

Bengaluru: In a well applauded event called, ‘.nxt upgrade’, Bajaj Electricals launched whole new range of technologically advanced and highly efficient range of LED luminaires for the applications like IT / ITES, Modern work spaces, Pharmaceuticals, Retails, industrial, Street Lighting, Area lighting and Smartcity Lighting. 
   ‘.nxt upgrade’ was organised at Taj Vivanta in Bangalore. The day-long event was marked with the presence of ‎Architects, Consultants, Corporates and Government officials. 
    Speaking at the occasion Mr. R. Sundararajan, President – Lighting Business Group, Bajaj Electricals Ltd. Said, “Bangalore has always been a high potential market for the company. We will continue to expand our network here and introduce new and world-class products. It is this trust in all our relationships, be it with partners or consumers that will keep Bajaj Electricals Ltd. moving forward on this glorious path.” 
     Bajaj Electricals Ltd has introduced a sub-brand ‘.nxt’ which offers world class products, which are made in India. “.nxt” is the digital revolution which helps customers UPGRADE to next level of lighting. “.nxt” offer customers an ease of maintenance and operations. 
     Bajaj is driving UPGRADE programme which will help customers to upgrade to latest and technically advance .nxt LED products. Bajaj has been an undisputed leader in outdoor lighting andis now also very well entrenched in offering Lighting Solution for Modern Offices, Industries and Retail Stores. 
     Solar power system is one of the thrust area for Bajaj Electricals. Bajaj focusses to Solar Street Lights, which are manufactured using superior quality material and latest techniques and have easy installation process, longer service life and high performance. Bajaj also has a big basket of solar products such as Roof Top Solar bank, Solar Lanterns and Solar appliances. 
      Over the past 7 years, Bajaj Electricals has made rapid strides in the sphere of Integrated Building Management System or IBMS, which includes world class services in the realm of life safety, security system, HVAC controls, lighting controls and much more. Bajaj has taken leadership position in Data Centre Fire and Safety Management. These technologically advanced, intelligent features are truly a class apart and have found patronage in a variety of clients across the nation.

Wednesday 2 December 2015

Godrej Nav-Tal gets a facelift !

Bengaluru: Godrej Locking Solutions and Systems (Godrej LocksS), the 118-year-young company of innovative locking systems and the founding business of the Godrej Group, is proud to present the new avatar of security in India — Nav-tal NXT.
   The iconic Nav-Tal lock is emblematic of the sixty-year-old journey of locks in India and brought a sense of security to the doorsteps of each Indian home. The brass circular body has remained as a symbol of trust and is synonymous with security and robust quality in India. A recent consumer insight indicated that, while Nav-Tal still ruled as the most trusted and first choice among consumers, the new generation of consumers wanted to see it in a more stylish avatar! And to fulfil the consumer preference of the millennials, the iconic brand has undergone a face lift and transformed into – Nav-Tal NXT. The new version has a refreshing look and boasts of several key features such as trendy semi-curved body with shiny-fine finish in bright brass, longer “p” shaped Mazak keys, and offers 45,000 possible key combinations to further bolster the security of your homes.
     The sturdy and convenient design of the Nav-Tal fits right into the palms of the consumer, and the Ferrule-less design, although seems like a simple innovation, adds a lot of convenience. It’s so convenient that you can even open the lock when its pitch dark!
    Commenting on the Nav-Tal NXT, Mr. Navroze Godrej, Executive Director, Godrej & Boyce stated, “With design-led innovation and customer centricity at the core of its operation, Godrej Locks has always been a champion of innovations in the industry. The Nav-Tal has always been revered as the iconic brand that set the foundation for the Godrej legacy. The genesis of Nav-Tal NXT lies in the evolving preference of the new generation of consumers who wanted to see iconic Nav-Tal in a more stylish avatar. We are confident that Nav-Tal NXT would inspire the new generation just as much as it inspired and enthralled the generations in the past.”
     Shyam Motwani, Executive Vice-President and Business Head, Godrej Locking Solutions and Systems added, “Nav-Tal NXT is an extension of the trust that has made Nav-Tal a preferred choice for all consumers due to its uncompromising quality and security. Godrej as a trusted brand has always exceeded industry standards. Nav-Tal NXT is not only crafted in accordance with the design aesthetics preferences of the next generation but it has also evolved in terms of security and technology compared to its predecessor. The proof-point of this lies in the fact that each Nav-Tal NXT undergoes 50,000 quality testing cycles even though the standard requirement is only 10,000.”
     The new look has been designed by ace industrial designer – Michael Foley, one of the most famous and iconic industrial designers of our time! His repertoire of work across sectors has been momentous in its own right. He stated, “A lot of my design sensibilities come from customer insight and a high attention to detail- both of which have been intricacy incorporated into the new Nav-Tal design. Redesigning an iconic product was indeed a privilege. However, it was a challenge to remodel a classic and famous product because of element of legacy that it brings with it.”
     This trendy lock design promises to take the Indian décor market by storm and recapture the hearts of consumers that have sworn by the solid stamp of safety and reliability. Godrej LocksS, which builds products based on strong consumer insights, has always kept customer centricity at the core of its operations. The Nav-Tal NXT will also be available through prominent e-commerce websites in addition to the existing market distribution system and channel partners.