India’s Karnataka begins electronic auction sales of manganese ore

Singapore (Platts)

Indian state-owned trading company MSTC Ltd has begun electronic auction sales of minehead stocks of manganese ore available with Karnataka miner Sandur Manganese & Iron Ores (Smiore).

The auctions are on the lines of the iron ore e-auction sales the trader has been holding in the southern Indian state since September 2011.

An estimated 25,000-30,000 mt/month of manganese ore is expected to be auctioned over the next two to three months, Platts learnt from the Indian Supreme Court-appointed monitoring committee, which is overseeing the auction.

The first e-auction for manganese ore was held on September 21 in which some 27,560 mt were sold, a Bangalore-based monitoring committee official told Platts. The second auction is yet to be scheduled but is planned for the third week of October. Smiore has about 80,000 mt of manganese ore stock available to be auctioned over the next three to four months, the official added.

In the September 21 auction, the booking price of most cargoes was at a premium of about 25% on average over the respective floor price for lot sizes of 500 mt. Larger-sized cargoes were mostly sold at floor price levels, bid documents show.

The floor price for ore cargoes containing 36-68% Mn had been set at Rupee 6,500/mt ($125/mt). A 500 mt lot of this ore grade was sold at Rupee 7,950/mt and another at Rupee 7,800/mt.

A 4,012 mt cargo of the same ore grade was auctioned at Rupee 6,500/mt to SAIL Refractory Unit, a part of state-owned Steel Authority of India Ltd (Sail). All prices are on ex-stockyard basis. Royalty charges of 4.2%, VAT of 4%, and forest development tax of 12% are additional.

Smiore had been forced to suspend manganese mining operations in addition to iron ore production when Karnataka’s mining ban took effect in August 2011.

Prior to the ban, the company had had environmental clearances to mine up to 600,000 mt/year of manganese ore though production itself had averaged only 300,000 mt/year.

With the Indian Supreme Court and allied investigative authorities reassessing ore production limits in the wake of the illegal mining scandal in the state, Smiore would be permitted to mine only up to 180,000 mt/year of manganese ore when it is allowed to resume mining operations, a Bangalore-based company official told Platts.

It could take another two months for Smiore to resume manganese ore production, the official added.

Smiore operates a 4,000 mt/month silico-manganese smelter at Vyasanakere in Karnataka’s Bellary district, some 60-70 km east of Sandur. The works hosts two furnaces of about 2,000 mt/month capacity each but only one furnace is presently operational, producing about 1,500-2,000 mt/month of silicon manganese, the official said. The furnace is fed with manganese ore from stocks presently available with Smiore.

Although MSTC has been conducting e-auction sales for Karnataka-origin iron ore since September 2011, it was only in May this year that the Supreme Court permitted the sale of silico-manganese ore from Smiore’s stocks, Platts noted from the company’s announcement to the Bombay stock exchange earlier this year.

Only domestic end-users are permitted to bid in the auction sales while traders and exporters are barred from participation.

source: http://www.platts.com / Singapore (Platts) / Home> News & Analysis /  October 03rd, 2012

–Anitha Krishnan, anitha_krishnan@platts.com –Martin O’Rourke, martin_orourke@platts.com

Kundapur: Auto Rickshaw, Vehicle Drivers’ Assn Holds Scholarship Distribution Prog

Kundapur, Oct 3:

The fifth annual scholarship distribution programme was organized by Kundapur Taluk Auto rickshaw and Vehicle Drivers Association (CITU) at Karmika Bahavana, here, on Tuesday October 2.

H Karunakar, honorable president of Kundapur Taluck Auto rickshaw and Vahana Chalakara Sangha (CITU) presided over the programme.

G  Dattanand, businessman from Kundapur, Y  S Haragi, KES principal, P U S Sarojina  Madhusudan, Kushe  government higher primary school Kundapur, H Narasimha, president (CITU) were the chief guests for the occasion.

G  Dattanand distributed scholarships to 80 students from class 9 to degree.

Speaking on the occasion, he said that such programmes will encourage students. “Students should work hard in order to have a bright future. In future they should help others”, he added.

source: http://www.DaijiWorld.com / Home> Karnataka / by Silvester D’Souza / Daijiworld Media Network – Kundapur / Wednesday, October 03rd, 2012

Vyomesh Joshi joins Wipro board

Wipro on Monday announced the appointment of Vyomesh Joshi, an information technology industry veteran to its board of directors with immediate effect.

Joshi will serve as an independent member on the board and has spend having spent over three decades in the industry. He was until recently the executive vice-president of Hewlett-Packard’s Imaging and Printing Group.

Welcoming him to the board, Wipro Chairman Azim Premji said, “He brings in a unique combination of wisdom and technical capabilities. I am sure that Wipro will benefit from his insights and experience.”

Joshi received Masters’ Degree in Electrical Engineering from Ohio State University, US and had joined Hewlett Packard in 1980 as a research and development engineer and retired in March 2012 after a 32-year career with HP

source: http://www.DeccanHerald.com / Home> Business / New Delhi, DHNS / October 01st, 2012

Aissel product development centre opened in Hubli

Hubli, OCT. 2:

Aissel Solutions, an analytics and CRM solutions provider which has presence in US and India, has opened its product development centre at Hubli.

The company’s centre is located at Hubli’s IT Park. “This will be the key development centre of Aissel and has over 3,500 square feet of space with high-bandwidth connectivity,” Prasad Patil, CEO Aissel told Business Line.

So far Aissel has been able to deliver solutions to its clients in the US and has created product for medical thought leader management and is competing with few Silicon Valley based pharma CRM providers.

Early this year, the company has signed up with three global pharmaceutical / medical devices companies to implement business intelligence (BI) software and analytics solutions.

Prasad said “We are currently working with a Minnesota based company supporting their dental division in finding out the right dental experts in the US, who they can partner with to grow the products sales.”

The new facility was opened by Vijay Sankeshwar, Chairman and Managing Director, VRL Logistics. The first two employees of the company, Amit Vikram and Nityanand Channur were also honoured.

The company currently has 30 people in Hubli centre and has plans to double the head count by end of this year.

“There were a lot of apprehensions when we started off about a year and a half back in Hubli. Getting experienced people in Hubli was difficult especially in a challenging product development environment,” Patil said.

“Now the team determines the success and there is tremendous availability of talented people in the region and the KOL Management product was released to the global market in less than a year’s time,” he added.

anil.u@thehindu.co.in

source: http://www.TheHinduBusinessLine.com / Home> Industry & Economy> Info-Tech / by Hindu’s Bureau / Hubli, October 02nd, 2012

 

Bombe Mane in city this evening

Mysore, Oct. 3

An expo of exquisite dolls from across India Bombe Mane, organised by Ramson Kala Pratishtana will be inaugurated in Pratima Gallery, 91, First Floor, Above Aamrapali Store Opp. Reliance Fresh, Nazarbad Main Road here today at 5 pm.

Tara Anuradha, MLC and Chairperson of Karnataka Chairperson of Karnataka Chalanachitra Academy will inaugurate. Bombe Mane will be open for public from tomorrow till Oct. 24, everyday from 10 am to 7 pm.

About Bombe Mane: Since past eight years Ramsons Kala Pratishtana has boldly promulgated the doll tradition of old Mysore region through the unique exhibition, Bombe Mane, literally the Doll House of Mysore.

Bringing thousands of dolls from across India and personally choosing the best of doll traditions that India has to offer, the design wing of Pratishtana has put in a lot of field study, research to come up with new dolls to showcase the local culture of the land.

About 2, 000 dolls, among which about 700 have been created since past 10 years by master craftsmen in age-old tradition with no effort and cost being spared to reflect the grandeur and pomp as envisioned by the Maharaja Krishnaraja Wadiyar IV, whose vision made Dasara procession reach its pinnacle in 1939. Once completed, it will be a lasting legacy and heritage of Mysore – Bombe Mane’s humble dedication to the city of Palaces.

Using eco-friendly material like nuwood, miniature model of Jubilee Hall which now houses the Oriental Research Institute is created to commemorate the 125th anniversary of the laying of its foundation stone and models of other Mysore landmarks like Krishnarajendra Circle, Chamarajendra Circle, Lalita Mahal Palace and palace gates are sure to lure everyone with their detailed craftsmanship. Miniature kitchen sets in brass, wood and clay is added attraction of the Bombe Mane along with thousands of dolls from various places across India.

For details, contact Raghu Dharmendra Mob. 9880111625.

source: http://www.StarofMysore.com  / General News / October 03rd, 2012

Spinning a revolution

At a time when affluent foreign investors are knocking on the country’s doorstep, a silent khadi movement involving locals has spread its roots at Melkote in Mandya district.

Spearheading the movement is Janapada Seva Trust, which was started by Gandhian Surendra Koulagi in 1960.

Even though khadi witnessed a decline during the last couple of decades, Surendra Koulagi believes that khadi will continue to play a major part in our lives. Assisting him in the endeavour are his sons Santhosh and Sughosh Koulagi. Janapada Seva Trust, which runs ‘Hosa Jeevana Daari’, has more than 20 women spinning and weaving clothes.

Speaking to Spectrum, Santhosh Koulagi revealed that demand for khadi has been on the rise during the last two years. He believes that change in the mindset of the middle class has led to the revival.

At one time, khadi was shunned as it had limited options and remained unfashionable. Taking on these two factors, the Trust has now sought the assistance of a designer to ensure that khadi changes along with the times. As Surendra Koulagi says, “Now the emphasis is on coordination between the old and the new.”

The emphasis has now been on lending a stylish twist to khadi. The Centre also makes dhotis and quilts. In order to ensure that khadi remains eco-friendly, the Trust is using only natural colours for dyeing the fabric.

Elaborating, Santhosh says, “We are introducing natural dyes made out of roots, barks, leaves, pomegranate, betelnut, arecanut and indigo. At the same time, we are trying to use eucalyptus, which is found in abundance in the area and gives a light blue shade as natural dye.”

Explaining the importance of khadi, he says, the fabric is entirely handspun and hand woven. Gandhi realised that khadi could provide a means of livelihood to millions of people, Koulagi remarks.

At present, Janapada Seva Trust has been able to produce 1,000 metres of khadi fabric each month. Apart from the investment being low, khadi production is also cost-efficient, he says, adding that it can provide employment to a large number of people. With eco-friendly products gaining importance during the recent years, the aim is to revive khadi in each household here, once known for weaving.

Recognising the threat that khadi faces, Santhosh says, “Unless khadi is revived now, there is fear of losing skilled workers. Melkote was once known for its community of weavers and more than 100 families thrived on the trade. But, now many have give up the trade because of insufficient income. Once the skill is lost, it is difficult to master it again.”

Steps to popularise khadi

Noting the steps taken by the Trust to penetrate the retail market, Santhosh mentions that they have sought the assistance of designer Tara Aslam, who runs Nature Alley in Bangalore.

He credits Tara Aslam for providing inputs on the designs for kurtas and shirts, which are made at the Trust. Janapada Seva Trust is also planning to showcase its products at ‘Gandhiji and textile of peace’, a national-level exhibition scheduled to be held between October 2 and 12 at New Delhi.

The Janapada Seva Trust also runs an  adoption placement agency in Mandya district. “Under this programme, any abandoned child found between the ages of one day and five years is sent to the Trust by the Department of Women and Child Welfare. The Trust provides support to the child and also makes efforts to locate biological parents and if not found, the child will be handed over for adoption legally,” says Santhosh.

source: http://www.DeccanHerald.com / Home> Supplements> Spectrum / by Manish / October 01st, 2012

Kalyani Silks Bangalore sojourn

Kalyan Silks, the world’s largest silk sari showroom network, has for the first time stepped out of Kerala to open a 30,000 sq. ft. showroom in Bangalore. The store was inaugurated by the Kerala-based premium silk brand’s two most popular ambassadors – Malayalam movie star Prithviraj and Kannada film actor Shivarajkumar.

The newly unveiled outlet offers a collection of around 0.2 million exclusive bridal saris and a vivid array of exquisite apparels for men, women and children. Moving ahead, the company plans to launch stores in Mangalore, Mysore, Hubli, Belgaum and Mumbai. The company had ventured outside India by opening an outlet in Dubai last year, and it now plans to launch several stores in Sri Lanka, Malaysia and Singapore.

Founded in 1909, Kalyan Silks owns India’s largest wholesale textile showroom and a string of looms in all major silk producing centres across the country. Kalyan Silks prides itself with world-class showrooms in Kochi, Thrissur, Palakkad, Kozhikode, Kannur and Kottayam. Kalyan Silks’ first international showroom was opened in Dubai last December. By end of 2012, the leader in textile retailing will further strengthen its presence by adding many more showrooms to its ever-growing network. The new showrooms will bring international ambience and amenities to Thiruvananthapuram and Thiruvalla. Sri Lanka, Malaysia and Singapore will be Kalyan Silks’ global destinations in the coming years.

source: http://www.fashionunited.in / News / Tuesday, October 02nd, 2012

Down the memory lane

To Sir(s) with Love: My student days in Maharaja’s College

By K. Vijay Kumar, Former Jt. Director of Information & Publicity

Caption:  The Maharaja’s College in 1915

I had mentioned at the end of my last feature on Yuvaraja’s College (SOM dated 3rd September) that next I would like to take back my memory to Maharaja’s College.

But while doing so, my pen is not moving, my fingers are not able to hold it firmly to write on studying in this great college, the reason being the fear and respect one had towards it. Yes, it was, indeed, a great learning centre in all respects.

Dr. S. Radhakrishnan in the faculty

The very names who taught there starting from Dr. S. Radhakrishnan and many alumni who became distinguished personalities in many fields would prove it. It would become a big list of names if you start counting them. It is also interesting to know from the website of the college that its foundation stone was laid on 27th November, 1889 by the visiting Prince of England, Albert.

It was in 1956, precisely 56 years ago, that I moved into this college from Yuvaraja’s College and came out as a Graduate in 1958. This period, I consider as Golden Days of my student career. On the very first day, it was my pleasure to climb the steps of the college at the entrance. I remember how some of us, while studying in Yuvaraja’s College, eagerly looking at this neighbouring college, thinking when we would become students there.

With an anxious mind we used to go around the college during our leisure, looking at the classrooms from outside — never venturing to go inside the building. I had seen then just only one student in MA class, perhaps in Urdu and Sanskrit subjects.

Kuvempu as Principal

It was Kuvempu who was the Principal when I joined the college. With a dignified look in his usual white close collar coat and pyjama, he would enter the college and climb straight to his chamber upstairs, as students who would gather there watch him with reverence. But in a very short period he was elevated as the Vice-Chancellor of Mysore University.

Prof. CDN, the successor

I cannot forget the friendly and charming personality of that well-known English Professor C.D. Narasimhaiah who succee-ded Kuvempu as Principal. His very presence in the college and going around meeting students, would electrify our minds as I have experienced during my two years student- ship there.

He introduced a couple of new programmes in the interest of students. One was a ‘Teacher-Guide to a group of students’ who would meet together informally over a cup of coffee.

The teacher as a guide would engage his group of students, creating interest in their studies, knowing their background, besides more importantly enquiring about their welfare. This became so popular that each group would wait for that monthly meet with eagerness. I remember our guide was one Prof. Cheluvaraju in Public Administration who with his very useful chat with us, gave guidance to shape our future.

Another was Freshmen Day. When a new batch was admitted to the college, the whole students would gather in the college quadrangle for a get-together when the Principal would welcome them with a speech.

Mitra-Mela, the popular Jr. B.A. Hall

Prof. CDN was also known to give importance to encouraging extra-curricular activities among students. As part of it, the college’s spacious Jr. BA Hall became the centre of activities like debates, staging dramas and other cultural programmes. Thus, a cultural troupe was born with the name ‘Mitra-Mela’ and their very interesting programmes became so popular as to attract an over-crowded student gathering. I recollect even today how much a Muslim student was talented in both singing and acting. The debate wherein my senior co-students V.K. Nataraj (who became University Registrar) and S.R. Vijay (who became an IAS Officer) with their fierce oratory arguing for and against on the subject is still in my memory.

All students of my days will surely remember Principal CDN for his interest in students’ all-round development.

Union Building – Mysore Heritage

The Students’ Union, before our time, was a very popular and strong one with its constructive activities and the college had recognised it with due importance. It was functioning from the adjacent premises known as Union Building. But there were no such activities when I was studying. In fact, the journalism classes were held there in the upstairs.

It is very significant that this building is declared as a Heritage one with due name board installed calling it “Union Building-Mysore Heritage.” I felt happy to see it recently when I took a walk around the college.

It will be interesting if old timers of the college write about the activities of the Union in those days.

[It is sad to see that a room inside this legendary college’s Heritage structure was being altered disfiguring the original door, sawing rudely, which has been stopped in the middle by the University after lecturers of the college opposed vehemently for this alteration (see pic.)]

Collecting news for Monthly

Being a student of journalism (though as an optional subject), I was interested in collecting the college news to publish in our department’s monthly experimental paper, which students eagerly waited to read.

A humourous incident

I had taken Hindi as second language and our Hindi lecturer was one Sachchidananda Murthy. He used to come on bicycle and when I met him once riding on his bicycle, I loudly greeted him with folded hands saying ‘Namaste Masterji.’ He did not even look at me balancing his riding (as he was a little aged and was wearing a ‘Kachhe Panche’).

In his next class, looking at me, he began to give almost a sermon explaining pros and cons of greeting him while cycling — like falling down from bicycle to return my greeting rising his one hand from the handle, injury, hospitalisation, damage to the bicycle, not able to take the class, etc., etc… — with a stern warning that none of us should greet him when he was on his bicycle, though the whole class with amusement controlled laughter as the teacher was serious in his sermon.

These are a few recollections of mine of that great college which I would like to end with gratitude.

To Sir(s) with Love

To all those who taught us.

e-mail: kumarkv59@gmail.com

source: http://www.StarofMysore.com / Feature Articles / October 02nd, 2012

Aishwarya Rai-Bachchan becomes UN Goodwill Ambassador

Bollywood’s lovely Aishwarya Rai-Bachchan is now an International UN Goodwill Ambassador, specifically for the UNAIDS (United Nations programme on HIV/AIDS). Doing so, Ms. Rai-Bachchan is following the footsteps of friend and fellow star, Preity Zinta, as well as Hollywood actress and Oscar nominee, Naomi Watts, and many other influential celebrity activists.

Wondering what the beauty has to say about this new responsibility? At the press conference, she said, ““I will initially be like a student, holding the hand of the organization which will lead me to the real picture on the ground.”

Later, Aishwarya went on to say, “I don’t want to be just a poster girl, don’t want to be just part of a platform that will have my face and quotes and voice. By coming on board, I hope to give further impetus to the work that UNAIDS has done and further contribute to the help spread the message. This is a turning point in my life.”

What a fantastic story, right? Hearts are warmed at Aishwarya’s genuine concern for the UN and for making a difference.

By: Brittney Schering

source: http://www.desihits.com / Home> News / September 29th, 2012

KVG Bank opens all-woman branch in Dharwad

Hubli, SEPT. 30:

Karnataka Vikas Grameena Bank (KVG Bank) opened its all-woman brach at Malamaddi in Dharwad.

According to Muralinath Gupta, general manager, KVG Bank, “Women form an important part of our organisation and we have converted one operational branch as women branch.”

Shilpadevi Shettar, wife of Chief Minister Jagadish Shettar, opened the branch.

source: http://www.TheHindu.com / Home> Industry & Economy> Banking / by Our Bureau / September 30th, 2012