Category Archives: Business & Economy

Crochet still rocks

Archana Acharya and her mum Viraja. / by Special Arrangement / The Hindu
Archana Acharya and her mum Viraja. / by Special Arrangement / The Hindu

Meet the mother-daughter duo who create and sell crocheted products

Gone are the days when most of the women you saw doing crochet or knitting were grandmas in their rocking chairs. Crocheting has now become an obsession with the younger generation too and chances are you would never find a crotchetier, who says she has enough yarn!

This is pretty much the tale of how Viraja and her daughter Archana Acharya took their passion to the next level and set up Knotty Nest, a haven for all things crocheted.

This mother-daughter venture is a hand-made lifestyle and accessories brand . Viraja started crocheting at the tender age of six and has perfected her craft over the years, while Archana is an IT professional. They bring in the element of modernity by creating products that appeal to the younger crowd and those that draw from themes best loved by them. They also take on customised orders for which you can log on to (www.facebook.com/ KnottyNest).

Vijara, who used to crochet “till Archana was born” says bringing up two children took up her time and she stopped this craft.

“In the meanwhile, I learned baking, stuffed-toy making, and fabric painting. So I never really stopped learning. However, it was only when my daughter moved to Bangalore for her higher studies that she motivated me to start my crochet and embroidery work again. She inspired me to create more products. I received support from my family and that helped me turn my passion into a lucrative business. That’s how Knotty Nest was started in May 2012. It has been the best thing my daughter has gifted me with.”

At Knotty Nest, one can order a wide range of lifestyle accessories. “Through our products, we illustrate various cartoon characters. We sell everything from hand-crafted magnets, key chains and bookmarks to hair clips, sling bags, brooches, baby dresses, and earrings. We also make home décor products like canning jar lids and coasters, among other items,” the entrepreneur informs.

The duo enjoy what they do. “It has been a great learning experience so far. We participate in flea markets held in the city and have a good customer base here and in Mangalore. On the flipside, we still need to build a strong and viable market for our products. One of the turning points for us has been that we are now online on Junglee and Indibazaar where we get to showcase our work,” beams Archana.

In the coming days, Viraja informs: “We will be working on creating new and unique products and expanding our product line. We are looking at tying up with retail brands and are also interested in teaching this art to the younger generation.”

This column features those who choose to veer off the beaten track.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus / by Neeti Sarkar / June 23rd, 2015

Bengaluru becomes a magnet for MNCs, startups again

Traffic can be a nightmare at peak hours. Many roads are pot-holed. Experts warn of an inevitable water crisis. But still companies and people are moving to Bengaluru like never before. Some estimate that an investment of over $1 billion has been proposed in the past 18 months.

The availability of a young, technologically skilled population is driving not just many of the world’s biggest brands but many of India’s tech-based startups to move or expand into Bengaluru. The trend is accelerating as the world gets redefined by new technological phenomena such as smartphones, social media, artificial intelligence, et al.

Bengaluru accounts for more than a third of the over 1,000 global inhouse centres (GICs) – facilities that combine technology development with back-office functions – of MNCs in India. But the spate of new announcements of GICs over the past 18 months suggests a fresh urgency. Some of the proposed investments are massive.

US oil and gas major Exxon Mobil, one of the world’s biggest companies, is making a $400-500 million (Rs 2,500 crore-Rs 3,150 crore) investment in Bengaluru to establish a technical and business support services centre. Derivatives marketplace CME Group, which handles 3 billion contracts worth approximately $1 quadrillion (that’s 1 followed by 15 zeros) annually, is said to be setting up a GIC in Bengaluru.

JCPenny, the leading American apparel and home furnishing retailer, L Brands, makers of lingerie brand Victoria’s Secret, and Lowe’s, the US-based home improvement and appliance store chain, have established technology captive centres here recently. Payments technology company Visa is establishing an inhouse R&D centre in Bengaluru that will hire 1,000 people over the next three years. Payments solutions major Network International, wholly owned by Emirates NBD Bank, is looking to hire 300 people in the city to set up a GIC.

British Telecom is leasing out 1.2 lakh sqft of office space in the city and is expected to hire 600 engineers over the next 18 months. Wells Fargo, the largest US bank by market cap, is said to be expanding its technology back office in Bengaluru with a fresh lease deal for 1 million sqft.

It’s been no different with many domestic startups. Entrepreneurs who started their ventures elsewhere in the country, are making Bengaluru their new home. Others, like Snapdeal, may not have shifted their base, but their big new R&D expansions are in Bengaluru. As Snapdeal says, for the scale of hi-tech talent they now need, there’s no option but to come to Bengaluru.

Lalit Ahuja, co-founder of ANSR Consulting, a firm that’s helping Fortune 500 companies establish strategic offshore captive centres in India, says Bengaluru has the right mix of talent, and contextual business expertise.

Sejal Shah Gulati’s tryst with Bengaluru has turned out to be longer than she expected. The managing director of Time Inc India – publisher of over 90 magazine titles including Time, People, Sports Illustrated, InStyle, and Real Simple – moved to Bengaluru from New York to set up a wholly owned subsidiary of Time that would do circulation, web and tablet analytics, among other things. It has 550 employees, and Gulati says the plan now is to more than double the headcount to 1,000-1,200 in the next 12-18 months. The focus is on technology and analytics talent. Despite the broken infrastructure and traffic snarls, Gulati felt welcomed in this city of immigrants. “I didn’t expect to stay so long. It was a very soft-landing for me. And how can I not mention the ideal weather,” she says.

Nasscom Product Council chairman Ravi Gururaj says: “E-commerce and consumer internet firms, technology back-office and R&D centres of MNCs, apart from the IT services firms and the plethora of startups, make the city very unique.”

Aditya Rao of Localoye says he faced problems in hiring when he was in Mumbai, and he found it difficult to get Bengaluru folk to shift to Mumbai. So, when the startup secured funding from PE firm Tiger Global, he shifted his base to Bengaluru.

Harshvardhan Lunia, cofounder and CEO of Lendingkart, an NBFC that lends short term working capital to sellers on e-commerce platforms, says there is no good pool of big data talent outside of Bengaluru. Hence his shift from Ahmedabad, though he continues to spend time in that city too.

Bengaluru has talent gaps, in areas like product management, software architecture, and user design. And this is pushing some companies to import talent from Silicon Valley. But Sharad Sharma, cofounder of software product think-tank iSpirt, says Bengaluru will be the first city to close the demand-supply gap in these areas. “The Institute of Product Leadership and IPMA (India Product Management Association) are attacking the product management gap.

Hasgeek and Zinnov are addressing the architect gap. And a number of players, including Shristi, are addressing the user design expert gap. MNC R&D captives are rapidly building technical career tracks for these specialists,” he says.

There are also signs that road infrastructure – the bane of Bengaluru – is improving. Chief minister Siddaramaiah on Saturday launched the first of the new high-quality TenderSure roads, built in collaboration with external expertise. If this governmental spirit sustains, Bengaluru could look forward to a remarkable hi-tech future.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> Business> India Business / by Shilpa Phadnis & Anand J,  TNN / June 21st, 2015

Two friends join hands to spread Bicycle culture in city

Vikas Hosahalli & Mahesh Siddegowda
Vikas Hosahalli & Mahesh Siddegowda

Mysuru :

‘If passion can take you places, then Mysuru is the place to polish your passions till perfection.’ This seems to be the collective conscience among the young in city who are leaving behind fat-pay cheques from multi-national corporate companies to follow their hearts.

Like Rohan Abijith and Dhruva Rao, who gave up their lucrative jobs to start the ‘Science Ashram’ at Jayalakshmipuram, there is a rising trend among the young in the city to innovate, collaborate and start ventures that are benefiting the society on the whole.

Now two friends have joined hands to inculcate bicycle culture among Mysureans that can not only save the environment from pollution but can also keep individuals fit!

Nowadays in the fast paced modern world, man is totally dependent on petroleum products to keep moving about in his two and four-wheelers. The gasoline-run vehicles not only pollute the environment, but have also been cause for numerous accidents and deaths in the world. People suffer from breathing problems after inhaling the air polluted by the carbon dioxide emission from these vehicles.

Before it is too late, human beings must realise the importance of clean air and environment and in this context, several environmentalists and naturalists have come forward to work for a people-friendly environment.

The city is not lagging behind on such environmentally conscious matters and is fortunate to have two young men namely Vikas Hosahalli, a resident of Kuvempunagar and Mahesh Siddegowda, residing at Kesare, the founders of ‘Green Wheel Ride’ who have been trying to instill ‘Cycling Culture’ among Mysureans. In the first phase of cycling promotion, the duo have opened centres near State Bank of Mysore in Chamundipuram, near Gnanaganga School in Kuvempunagar, near Vikram Nursing School in Gokulam and near Corporation Bank branch in V. V. Mohalla.

Green Wheel Ride has plans to open 75 to 100 franchise points at various locations in city. The unique feature of this ‘Cycling Concept’ is that one may hire a bicycle from one centre and hand over the bicycle at the nearest destination centre.

Speaking to SOM, Vikas said that the duo was looking for places to set up their franchisees and are happy to engage in partnerships with institutions and environmentally conscious corporate houses.

“There are lots of un-used spaces in government office buildings and they are perfect to have these e-bikes installed there. The officials can use these bikes for their transport, but we are not getting any positive response from them,” says Vikas.

After having relinquished their plum positions in MNCs, Mahesh, a mechanical engineer by profession, has been engaged in altering the bicycles and Vikas is into the maintenance work of these bicycles.

Battery operated bicycles: We may be wondering how to pedal on these bicycles especially during summer, relax; these bicycles operate on eco-friendly batteries. ‘Lithium Ion’ technology is used for these bicycles and once the battery is charged, the bicycle runs for 70 kms at 20 km per hour. The cost for 3-hour charge will be less than a Rupee.

Triple mechanism on bicycle: An individual can ride the bicycle by pedalling if he or she wants to exercise; the bicycle can also be operated with pedals and accelerator on battery. The bicycle has the option of being operated only on accelerator.

The spare parts for these bicycles are manufactured by Green Wheel Ride at their Hootagalli unit in city. Bicycles are assembled at the Vidyaranyapuram unit, here, and the brand name for these bicycles is ‘Made in Mysuru.’

These bicycles may be hired at 50 paise per minute for members and Re. 1 per minute for non-members. Bicycles are available for hire between 8 am and 6 pm at the designated bicycle centres in city.

Riders who wish to avail these bicycles on hire should submit a passport sized photograph, identity card, address proof and give their thumb impression on biometric machine. The firm has its own App for registration of members and to identify the path travelled by the bicycle rider.

E-Bike: The battery-operated bicycle was launched only 18 days ago in Mysuru and has been christened ‘E-Bike’ for its eco-friendly mechanism. Our aim is to save the environment from pollution and reduce the dependency on petrol, diesel operated vehicles. Even if 10 percent of our population uses these bicycles, the country would save lakhs of rupees on petroleum products import. Ten bicycles have been made available at the Karanji Kere premises for the convenience of the public. A fee of Rs. 25 will be charged for 30 minutes use. About 3,500 people have used 10 bicycles which were operational at Karanji Lake during the last 10 months covering a distance of 15,000kms.

Green Wheel Ride has plans to open such Bicycle Centres in other cities too and those interested to join the organisation may contact: 95358 50001 or visit the website: www.ecobike.rentals

source: http://www.starofmysore.com / Star of Mysore / Home> Feature Articles / Sunday – June 14th, 2015

Satyanarayana Nadig passes away

Satyanarayana S. Nadig
Satyanarayana S. Nadig

Mysuru :

City’s prominent industrialist and builder Satyanarayana S. Nadig passed away early this morning at a hospital in Bengaluru after a brief illness. He was 70.

He leaves behind his wife Jayalakshmi Satyanarayana, sons Vikram S. Nadig and Raghav S. Nadig, a host of relatives and friends.

The body of Nadig, which is expected to be brought to city this afternoon, will be kept at his residence on 4th Main, Jayalakshmipuram. Last rites will be performed tomorrow (June 15) at 10 am at Chirashanthi Dhama in Gokulam.

Profile: Born on Feb. 3, 1945, Satyanarayana S. Nadig, a civil engineer by profession, was the Managing Director of Nadig Promoters and Developers Pvt. Ltd., and Nadisons Resorts Pvt. Ltd. He was the Past Chairman of the Builders Association of India (BAI), Mysore Centre.

A cricket enthusiast, Nadig was the KSCA Mysore Zone Convener from 2007-2010 and was representing the National Cricket Club (NCC). He was instrumental in reviving several cricket grounds in city.

Apart from being the Founder-Member of Sarawathipuram Recreation Club, Nadig was the member of JWGC, Vonti- koppal Club and Babbur Kamme Sangha.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / Sunday – June 14th, 2015

Roundle Table India and Ladies Circle India Felicitates 12 ‘true legends’ from Karnataka in Bangalore

Seagram’s 100 Pipers Music CDs in association with Pride of Karnataka, an initiative of Round Table India and Ladies Circle India felicitated 12 ‘true legends’ from the state.

Ashwini Nachappa and Pramoda Devi
Ashwini Nachappa and Pramoda Devi

Among those felicitated were Priya Mani, Ricky Kej, RK Misra, Prasad Bidpa, Manoviraj Khosla, Shukla Bose, Ashwini Nachappa and Robin Uthappa. Kartik Mohindra, Business Head, International Brands, Pernod Ricard India, said, “True legends are successful people who lead a positive change on society. The True Legends awards recognizes and felicitates successful personalities who have risen above the material pursuits of success, and believe in giving back to humanity. Each True Legend story is very inspiring and will forever be remembered for good.”

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Bengaluru / TNN / June 19th, 2015

Organic Food Delivered at Your Doorstep

Queen’s Road :

A group of passionate foodies have come together to launch a website (www.homemadeonline.in) that brings women entrepreneurs and cottage industries into one domain to manufacture and distribute food products to consumers.

Through the platform, one can buy and sell homemade food products, which will be delivered fresh at the customer’s doorstep.

AjantaBF17jun2015

Ajanta Chandan, managing partner of Homemadeonline, says, “There are a lot of talented entrepreneurs amongst us who don’t know how to reach the masses. Our website gives them an opportunity to meet the demands of the people who are looking for non-commercial and organic food products online.”

Started two months ago, the website aims at bringing back the forgotten local food items and encouraging vendors to sell good quality products. Health-oriented people who could be working professionals, young students and diabetic patients are the company’s target group.

“We currently have around 1,000 regional food products on offer being supplied by over 200 registered vendors. Besides food, we are also promoting many entrepreneurs who are into handicrafts,” she adds.

OrganicBF17jun2015

Homemadeonline has on display a wide range of products including organic spices, masala powders, pickles, papad, homemade chocolate, herbal products, millet products, health and nutritional products, regional delicacies and healthy breakfast options.

Chandan says, “Within six months, we plan to expand our business in South India and in the years to come, we hope to spread all over India.”

source: http://www.newindianexpress.com / The New Indian Express / Home> Cities> Bengaluru / by Express News Service / June 17th, 2015

All pets, domestic animals need licence

Bengaluru :

It’s not just your pet dog that will need a licence. That cow grazing on the footpath or the buffalo which suddenly parks itself in the middle of the road need one too.

Owners of all domestic animals will henceforth have to get a licence if they want to keep them, and also ensure they are not left to stray on roads and other public places. A dedicated hygienic enclosure is part of the rules under the licensing system.

Exasperated with cows, buffaloes and other animals straying on the roads and blocking up traffic, the BBMP has submitted a proposal to the urban development department seeking its approval for extension of norms to all kinds of pets and domestic animals, including pigs, donkeys, horses etc. Currently, the licence ambit covers only pet dogs, and there is no compulsion as such.

Dr KA Nanjappa, deputy director (animal husbandry), BBMP, told TOI they have provision to impose a penalty on owners of cows and other domestic animals who let their animals out on the streets, as finding the owners has become a challenge. “If the licence is made compulsory, we can give unique numbers to these animals so the owners can be identified,” he added. From 2011 to 2015, as many as 4,730 domestic animals were caught straying on the roads by BBMP officials and a total of Rs 3,35,173 was collected in penalty from the owners.

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Bangalore / TNN / June 16th, 2015

Bescom’s solar generation reaches 1 MW

Nearly eight months after the launch of its ambitious solar rooftop project, the Bangalore Electricity Supply Company (Bescom) finally reached a milestone by generating 1,000 kW (1 MW ) of solar power.

Getting off to a slow start, the power utility now has 409 applications registered with an overall proposed solar generating capacity of 19 MW.

Among the major contributors to Bescom’s solar generating capacity are: the Karnataka State Cricket Association, which has installed a 400 kW rooftop solar power plant at M. Chinnaswamy Stadium, St. Joseph’s College and National Institute of Advanced Sciences (100 Kwp each).

A Bescom release said that process and technical committees have been formed to encourage solar rooftop power distribution generation.

A solar help desk has also been constituted (080-22340816 andsolarhelpdesk@bescom.co.in) for those interested in installing solar rooftop plants.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bengaluru / by Staff Reporter / Bengaluru – June 16th, 2015

Sharing is the new black

There’s a new kind of shopping fad catching the fancy of Bengaluru’s fashionable set and it doesn’t have to do with sucking up tummies to fit into that impossibly small crop top or pre-ordering the next season’s collection of their favourite brand. If anything, youngsters in the city are air-kissing their approvals to the concept of clothes swapping – a trend that reportedly started in the US in the 90s and has been gaining popularity ever since recession hit the world economy in the noughties and people woke up to the burden of an overflowing wardrobe and its attendant credit card woes.

Clothes swapping, or ‘swishing’ as the movement is referred to as, involves a get-together where guests exchange their unused clothes and or accessories between themselves and the exchange is almost always done for free or for a major discount.Environment-friendly collaborative consumption that is also… no wonder the concept has the world’s shopaholics in thrall.

Last Saturday, Bengaluru’s shopaholics got a taste of this with Clothary, the brainchild of Isabella Escobedo. “Clothary is an attempt at making fashion sustainable and affordable by breaking away from conventional patterns of the retail industry. With one eye on conscious consumption and the other on the latest trends, Clothary wants to be a walk-in wardrobe, a clothes library where sharing is the new possessing and renting the new purchasing,” reads the initiative’s Facebook page. Talking about the event and how it was received by Bengalureans, Escobedo says, “The event was very successful and while around a 100 had accepted our Facebook invite, about 65 people – mostly youngsters – turned up. And by the response, the participants were happy with the exchange.There were people who’d come to access fashion for free, some came to declutter their wardrobes, and some came because they thought it was a sustainable idea that contributed to a better environment.”

The Exchange Room is another city-based initiative that was started by four friends who “always had wardrobes full of clothes but never had anything ‘new’ to wear.” “It was from this dilemma that we hit upon the idea of exchanging clothes amongst ourselves rather than go on shopping sprees,” says Sai Sangeet, one of the co-founders. “But from a project that started between four close friends, the idea gained traction among our wider circle of friends; we’ve got a Facebook page and even conducted two events that were successful. Though we focus mainly on clothes exchange, we also give away clothes for low prices when some people do not have anything to offer in exchange.”

The Street Store Bangalore sets its model on the South Africa-based ‘open-source’ movement, The Street Store. Explains founder Samridhi Agarwal, “The Street Store is a worldwide movement that first started in South Africa. It’s basically a nonprofit drive where we tie up with various NGOs to set up a store in a public place and provide an amazing shopping experience to the needy.” But that’s not all. “Taking a leaf out of the clothes swap idea, we’ve recently started an exchange forum for women called Revamp My Closet where we buy used clothes from people that we personally pick from their homes.Customers can then either accept cash or shop at our store where we sell clothes at highly discounted rates,” Agarwal informs.

Finally, giving a spin to the concept of barter trading is AdalBdal (pronounced A-Dal-B-Dal). Explains founder Bal Krishn Birla, “We started AdalBdal over a year ago to kickstart the trend of moneyless transactions and renewing the system of barter. We function in two ways – one is through our online portal where people can upload pictures of things they want to give away and choose what they want in return. The second are the numerous donation drives we organize in apartments where we give away whatever is collected to the needy. “To impress upon kids the credo of sharing-is-caring, AdalBdal “has also partnered with the Freethinking School for their event Freeswap Summer Camp Barter Weekend Program, to introduce kids to the system of exchange without letting money come into the equation. We bring up the issue of money all the time in front of kids today. This initiative is a way to teach them that there is joy in giving and receiving something with no monetary consideration involved.”

source: http://www.timesofindia.indiatimes.com / The Times of India / Home> City> Bengaluru / by Mahalakshmi  P,  TNN / June 14th, 2015

IISc makes much room for mushroom… using crop waste!

A simple and rugged technology developed by scientists at Indian Institute of Science by utilising crop waste is promising triple benefits — filling up shelves in supermarkets with mushrooms, empowering tribal women through commercially viable mushroom cultivation, and ensuring higher nourishment for tribals through mushroom-rich diets.

Scientists from IISc’s Centre for Sustainable Technologies (CST) have developed biogas reactors which ferment straw, weeds and leaf litter. They have combined these with other agricultural wastes and digested residues from bio-gas units to create a fertile ground for edible mushroom cultivation.

ChanakyaBF12jun2015

The researchers found that this unique substrate efficiently converts crop waste into usable protein for human consumption, and also boosts mushroom yield as compared to conventional methods. The researchers supplemented biogas digester residue with agricultural waste – paddy straw or coir pith in a specific ratio – to maintain structure suitable for mushroom growth.

They also used paddy straw and coir pith alone as substrate for comparison. These substrates were processed, sterilised, hydrated and seeded with mushroom species – Pleurotus florida and Pleurotus flabellatus. After mushrooms started growing, the substrate was incubated in polythene bags and kept in a humid chamber under laboratory conditions.
They found that paddy straw supplemented with bio digester residue appeared to be the most efficient substrate to grow more nourishing mushrooms. They saw increased yield for the mixed substrates — with the highest for P. florida in paddy-straw — bio-digester residue mixture at a record 2.32 kg mushroom per kg substrate, CST’s chief research scientist Prof HN Chanakya (in pic) said.
P florida gave the best yields among the two mushroom species tested. An increase in mushroom yield by as much as 20-60% using biogas digester residue mixtures sounds like good news for the bio-gas initiative, which can quote protein generation as an additional incentive, according to Chanakya. The scientists think the improved mushroom varieties could be a result of better nutrient supply with the addition of bio-digester residue and structural properties of agricultural waste allowing better aeration and gas exchange. In the coming days, the scientists plan to take this technology to two villages — one in Male Mahadeshwara Hills in Karnataka, and the other near Tejpur in Assam. “We plan to train 100 tribal farmers at each location,” he told Bangalore Mirror.
He said that while the ultimate aim is to popularise protein-rich mushroom consumption among the masses, it would also empower tribal women to grow mushroom using this technology which is sought to be made more rugged and simple for them to use. While at it, mushrooms would also be encouraged to be a nourishment-enhancing part of the diet for the tribal folks, he said. Their research paper was published in the online version of the journal Energy for Sustainable Development.
Sreesha Malayil and Vijayalakshmi C, both from CST, were the other two researchers on the project.

HOW THEY DID IT
* Bio-gas reactors breakdown plant material in the absence of oxygen to produce methane that can be used as a clean fuel, while generating digested by-products rich in organic matter.
* They first developed a novel reactor that can use plant waste, and not just cow dung like a traditional ‘gobar’ gas plant.
* They then investigated if such digested plant material can be efficiently used in mushroom production.
* Mushrooms belong to a class of fungi called ‘basidiomycetes’ which efficiently breakdown the compound lignin, which gives toughness to plant structure.
* This property makes mushrooms ideal organisms for recycling such inaccessible nutrients hidden in biogas digester residue.
* Samples were collected at regular intervals to assess residual nutrient and elemental concentrations in the substrate.
* The mushroom fruiting bodies were weighed and biological efficiency – mushroom weight per kg substrate weight – was calculated.

CAN PRODUCE ETHANOL TOO
The substrate by-products from mushroom cultivation can be further used to produce ethanol, the additional step ensuring utmost utilization of organic resources in plant waste. Such downstream applications of biogas digester waste create optimism for bio-gas plants which might become harbingers of energy cleaner than ever before.

source: http://www.bangaloremirror.com / Bangalore Mirror / Home> Others> Sci-Tech / by Nirad Mudur, Bangalore Mirror  Bureau / June 08th, 2015