Category Archives: Business & Economy

Nat’l Excellence Award for SBT

E K Harikumar, Managing Director of SBT, receiving the award from Union Minister for MSME Kalraj Mishra at a function in New Delhi
E K Harikumar, Managing Director of SBT, receiving the award from Union Minister for MSME Kalraj Mishra at a function in New Delhi

Thiruvananthapuram  :

The State Bank Of Travancore (SBT)  bagged the National Excellence Award for MSME under loan category for the year 2016 at the conference on empowering MSMEs.

The function was organised by Federation of Industry Trade and Services (FITS).

The award was presented to SBT Managing Director E K Harikumar by Minister for MSME Kalraj Mishra at a function held in New Delhi.

SBT had also received several awards in the MSME sector during the past many years.

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Kerala / by Express News Service / May 05th, 2016

Set for New Innings

DrAugustineKERALA 03may2016

Thiruvananthapuram  :

Dr Philip Augustine needs no introduction. For the people of Ernakulam, he was the man who put Koothattukulam Deva Matha Hospital on the map of world health services, when the gastroenterology department he set up there reported some of the rarest diseases in the world. Going forward, Dr Augustine helmed the campaigns to bring changes in the healthcare sector in the state. One of them was the setting up of the Lakeshore Hospital in Kochi in 2005, bringing together some of the brightest doctors in different fields.

Augustine has recently relinquished his post as the Director of Lakeshore Hospital and is all set enter a new phase of his career.

“I think I have reached a point in my life and career where I should focus on broadening my area of activity. As someone who has done a lot for the gastroenterology sector in Kerala, I wish to strengthen the field and inspire the younger generation of doctors to know more about it,” said the doctor.

He has launched Philip Augustine Associates, a firm set up to see his dream through. A subsidiary organization, Kochi Gastroentorology Group, has also been set up to bring together the knowledge of different branches of the field.

“I had three goals to fulfill in my career – setting up a good and world class healthcare facility, ensuring that top notch education facilities are made available for the medical students to learn and creating good research facilities for the advancement of the science. I have done a worthy share in the first two goals and now it is time to focus on the third,” he adds.

Augustine’s achievements

  • Helmed campaigns to bring changes in the healthcare sector in the state
  • Put Koothattukulam Deva Matha Hospital on the map of world health services, when the gastroenterology department he set up there reported some of the rarest diseases in the world
  • Set up Lakeshore Hospital in 2005

Dr Augustine also feels that the rampant corporatisation of healthcare might not bode well for the sector. Even while lauding the innovations corporate hospitals have brought about, he thinks hospitals run purely with a profit motive is not a good idea.

”I am not against corporate hospitals, but I wish there is more space for small and medium hospitals to thrive alongside. That will be good for the public and the healthcare sector in general,” he adds.

Recently, Dr Augustine decided to take up  charge of running the PVS Hospital in Kochi and contribute to the gastroentorology department at the hospital, where he will be a consultant.

I think I have reached a point in my life and career where I should focus on broadening my area of activity. As someone who has done a lot for the gastroenterology sector in Kerala, I wish to strengthen the field and inspire the younger generation of doctors to know more about it 

-Philip Augustine

source: http://www.thenewindianexpress.com / The New Indian Express / Home> Cities> Thiruvananthapuram / by Express Features / May 03rd, 2016

Guv opens SBT’s banking museum

Thiruvananthapuram:

No urban citizen can do without availing banking services, sometimes in the form of a cash transfer or maybe a financial loan. But a majority of us are ill-informed about the tremendous evolution the banking system in India has been through. Filling this vacuum will be ‘Footprints,’ the official banking museum set up at Kowdiar by the State Bank of Travancore.

The museum was inaugurated by governor Justice P Sathasivam in a function presided over by the managing director of SBT Jeevandas Narayan. Also a book titled ‘Tradition of Trust’, depicting the bank’s history, was released by the governor by handing it over to royal family member Gouri Lakshmi Bai.

The museum will walk the visitors through the history of both the bank and the banking culture that prevailed in Kerala. Started as the Travancore Bank back in 1946 by the then Maharaja Chithira Thirunal Balarama Varma, the bank was expected to serve as the central bank of the princely state of Travancore. On display at the museum are age-old banking instruments like cheque books, accounting ledgers, share certificate and share agreements. Also invoking curiosity is a larger collection of coins across different time frames in Indian history.

Artefacts from across 20 earlier branches of the bank were collected and brought in to be exhibited at this museum. “The initiative is highly welcomed by the branches from across 18 states we have presence in,” said Jeevandas Narayan. “The bank has a rich heritage that the public is often unaware of and that prompted us to establish such a museum,” he added.

“Banks have a crucial role to play in the lives of the common man. Coming from a family of farmers I had the opportunity to visit banks at a young age with my father. When I look at the facilities and ease of doing business now compared to then the scenario has undergone a progressive change,” said P Sathasivam while inaugurating the museum.

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> City> Thiruvananthapuram / TNN / April 24th, 2016

To dye for…

MerianKERALA23apr2016

Dyed fabrics, Japanese Shibori and Rajasthani bandhni, made in Kochi? Sri Lankan designer Merian Dissanayake takes the art and craft of dyeing to a new high

The Rajasthani bandhni, tie and dye, sari made in Kochi? The famed Japanese printing Shibori from a unit in Kaloor? This may cause surprise and doubt but Sri Lankan designer Merian Dissanayake is scaling the art of dyeing to a new high in the city. Till a couple of years ago most boutiques, big and small, used to depend on North India for dyeing and shading fabrics as there was no unit doing so locally.

“It was either Delhi or Coimbatore but not Kochi,” says Merian who today is perhaps the biggest supplier of dyed fabrics to the local market – textile shops and boutiques. She set up her boutique The Reeta The Rose on Convent Junction recently.

Coming from a garment and textile business family from Colombo, Merian had this stream of business in her blood. Here tryst with Kerala began with her sister’s marriage to a Malayali from Thiruvananthapuram. That brought her mother to Kerala frequently. In 2007 Merian enrolled for a course in fashion designing at the Mangalore University. Her hobby, modelling, brought her to Kochi to participate in related shows. Simultaneously she did cameo in films.

The world opened itself to her through small assignments, modelling related travels and the fashion industry.

It took her to Mumbai where she says she learnt the ropes of textile and design industry working her way diligently to become senior creative assistant under designer Anand Gupta.

“I collected a huge experience in Mumbai; I learnt dyeing fabric in large volumes and working with 20 to 30 embroiderers, working for 10 to 12 hours with samples,” recounts Merian who is fluent in Hindi and Malayalam. Back in Colombo Merian’s family run Sriya Garments manufacturing units that produce thousands pieces of garments a day. She worked in the business for four months before deciding that the excitement of producing personalised couture was her niche and not mechanised and factory produced clothes.

embroideryKERALA23apr20167

At The Reeta The Rose, named after her mother Reeta Rose, she not only dyes fabrics but also does hand embroidery. “That’s my forte along with dyeing,” she says adding that her prêt line is on the cards.

Having worked in Mumbai and Kerala she makes a pertinent observation. “People in Kerala are discerning. They think before buying and collect all information they can, unlike in Mumbai people buy casually and everything.”

On her moving away from modelling, a hobby that gave her immense joy and exposure, into full time designing and a business venture Merian is pragmatic. “Modelling lasts five to six years and involves lot of travelling. I had that in mind.” She has modelled with FFK (Fashion Federation Of Kerala), FTV, Reliance Shows, Surya TV Live, Oh My Gold shows.

DyersKERALA23apr2016

Setting up a business venture in a different country and a new city has not been intimidating. She has learnt from experience. Her unit at Kaloor employs seven outstation dyers and embroiderers. Before she established herself, Merian would take orders, collect and deliver fabrics herself. She dyes for most big stores in the city – Milan, Seemas in Aluva, D-Fab, Club Burgoyne, S-Designs and Zatin to name a few. She supplies to berries in Thiruvananthapuram.

The expertise of tie and dye and of Shibori is taught to the karigars personally. “Give me white fabric and I will match it with the shade you want,” she says confidently adding that she dyes not only fabrics but beads, ribbons and all accessories required to match the material.

Her inspiration is her grandmother who she says would embroider the most beautiful motifs. The wedding dress for former President Ranasinghe Premdasa’s wife was made by her. She remembers her grandmother talking about the intricate work of the karigars from Kolkata who worked at their unit. “Now my karigars here ask me to take them to Colombo for work,” she says. It’s come a full wheel for her, Colombo to Cochin and now pleas of taking The Reeta The Rose to the place it originally came from. Merian has come a long way…

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Society / Priyadershini S / Kochi – April 22nd, 2016

Mark Zuckerberg buys domain name from engineering student in Kochi

Kochi :

Mark Zuckerberg may have started the online social networking revolution and made billions of dollars from his game-changing Facebook (FB). But this maverick internet entrepreneur surely didn’t reckon with city boy Amal Augustine.

Amal Augustine
Amal Augustine

Amal has ‘beaten’ the master at his own game and closed a deal with FB, trading the registration rights of maxchanzuckerberg.org on Monday.

FB approached Augustine for the domain name registered by him as it was the short form of Maxime Chan Zuckerberg, the name of FB founder Mark Zuckerberg’s daughter.

More than the money, Augustine, a final-year electronics student from a city engineering college, says he was thrilled by the fact that FB approached him.

He says his passion for filing internet domain names has earned him a small profit. He received $700 in the deal with FB.

“I have registered quite a few domain names and I have been doing it for some time. I registered this domain name when their baby was born last December,” said Amal, a student of KMEA engineering college. However, the FB team’s approach foxed Amal. The request came as a casual email from GoDaddy, an internet domain registrar and web hosting company, asking whether he would be willing to sell the domain name by the end of last month and for how much.

He replied yes and asked for a decent sum of $700.

But when the mail came closing the deal, he realised it was FB. The mail was from Sara Chapel, manager of Iconic Capital, the firm which handles the financial deals of Facebook founder.

“When the letter came officially mentioning the change of registration, I noticed the FB letterhead. But since it’s not legal to negotiate, I just went ahead and closed the deal in seven days,” he said.

DomainKERALA16apr2016

An internet domain or domain name is an identification string that defines a realm of administrative autonomy, authority or control within the internet.Domain names are formed by the rules and procedures of the Domain Name System (DNS). Any name registered in DNS is a domain name.

The Amal-Zuckerberg deal has been the most interesting case of cybersquatting that took place in the state so far, say cyber experts. The deal was made through an online website, GoDaddy which bought the rights from Amal.

Cybersquatting is a process of registering or using an internet domain of a trademark belonging to someone else or an organisation or brand. The cyber squatter then offers to sell the domain to the person or company who owns a trademark contained within the name.

“Internet squatting is not an illegal process. People register domains of popular names, brands or organisations and later bargain with the owners and eventually sell it back to make money,” said Mahesh C, faculty in the department of computer science and engineering, FISAT.

“Cybersquatting is quite common. Domains such as amithabbachan.com and salmankhan.com were ‘squatted’ by techies in the past, It is not considered a violation as per the Indian cyber law, but it’s a civil rights violation and action can only be taken as per World Intellectual Property Organization (WIPO) arbitration rules (2014),” said cyber law expert advocate Prashant Mali.

source: http://www.timesofindia.indiatimes.com / The Times of India / News Home> City> Kochi / TNN / April 15th, 2016

Classical art on couture

A fashion label interprets Theyyam on garments

Red, black and white form the backbone. From that an entire body of colours evolve—happy, mysterious, brooding and boisterous. When inspiration comes from the otherworldly, the palette cannot be anything but intense. Seamstress, a boutique fashion label based in Thrissur, interprets the Theyyam on its garments.

Folklore and legend, Gods and people tell their stories through a piece of garment.

Adapting an age-old ritualistic tradition to fashion was a tough call, but the idea appealed to the founders- Vimala Viswambharan and her daughter-in-law Rasmi Poduval.

They wanted to replicate the vivid visual palette of the ancient art form on fabric.

As part of the groundwork for Kaithari, the label’s handloom line, Rasmi had to make frequent trips to the Northern belt of Kerala, especially Kannur and Thalassery where she witnessed Theyyam performances. But the idea to use it in fabric came from her photographer friend Pepita Seth, who has been researching the subject and has been working closely with Theyyam artistes.

“The Theyyam costumes are extremely elaborate and there is a certain appliquing technique and a common motif used that are not found anywhere else,” says Rasmi.

“We thought there would be a few specialised tailors doing this work and maybe we could employ them during the Theyyam off season. Better still, we could get them to shift to our design studio temporarily so we could look at experimenting with the original,” says Rasmi.

She met Lakshmanan Peruvannan, a leading Theyyam artiste from Kannur. “He said that everything a Theyyam performer donned was made by the performer himself. This meant that everything from the wooden bust to the elaborate head gear to the ceremonial robes the artiste made from scratch. We were stumped and also slightly ashamed that we knew so little about the lives of these artistes,” says Rasmi.

Lakshmanan, however, was impressed with the idea that Rasmi and team put forward and agreed to help with the design. He also cautioned them about the laborious nature of the work which could take months to be completed.

The work, titled The Theyyam Project, began a year ago with mixing and matching colours, samples and fabric, meeting with the artistes and watching the art form.To Rasmi’s surprise, one of the weavers working for Seamstress had a brother who was a Theyyam artiste. “That was a bonus. We now had two artistes on board,” she says.

Though the concept sounds grand on paper, the translation of it to actual garment was complex. Incorporating the mystical and the fantastical into something every-day was the main challenge. “We did not need the stiffness of the original fabric the artistes use or the canvas back-up in their costume. We wanted to stick to our own fabric and we decided to stick to traditional garments. Western or even Indo-western would not be able to carry off the drama,” Rasmi says.

Moreover, there was so much to draw from. The mukhathezhuthu, the intricate face painting the artistes don, presented a whole world of colour possibilities. “Tempting though it was, it was not practical to use them all,” Rasmi says. The fiery, earthy colours therefore appear as prints and patterns. The label’s sensibilities remain rooted to culture. “It is about knowing where we come from,” says Rasmi.

The Theyyam Project includes long and short kurtas, tunics and a few jackets and is available on the brand’s online store.

It will be launched at a summer bazaar called ‘Under the Parijata Tree’ hosted by Seamstress at Thrissur on April 8 and 9.

source: http://www.thehindu.com / The Hindu / Home> Features> MetroPlus> Fashion / by Anasuya Menon / Kochi – April 08th, 2016

Thanks to massive orders, gypsum panels from Kochi going places

Rising DEMAND: Gypsum panels, headed for Sri Lanka, being loaded into containers from the FACT premises on Thursday.– PHoto: by special arrangement
Rising DEMAND: Gypsum panels, headed for Sri Lanka, being loaded into containers from the FACT premises on Thursday.– PHoto: by special arrangement

Fibre-glass reinforced gypsum wall panels from FACT-FCF Building Products is going places with the Kochi-based unit bagging massive orders from Sri Lanka, Nepal and Kuwait recently.

These orders come close on the heels of the Union government including the use of the gypsum panels among the eight new technologies being inducted to meet the national goal of housing for all by 2022.

The first batch of the export consignment of 6,200 sq.ft. gypsum wall panels meant for a Sri Lankan construction company was despatched from the FACT-Ambalamugal premises here on Thursday. The consignment was flagged from the company premises by the managing director of FRBL, C. P. Dinesh.

A consignment of around 13,200 sq.ft. of the wall panels, meant for a company in Nepal, will be despatched from Kochi on Friday and Saturday.

The FRBL construction products company is a joint venture between the Rashtriya Chemicals and Fertilizers Limited and the Kochi-based Fertilizers and Chemicals Travancore.

The FACT-RCF wall panels are manufactured using Australian know-how. The 12×3-metre wall panels have a thickness of 124 mm and can be put to versatile use. The panels can be cut to the required size for construction in individual projects. The Building Materials Technology Promotion Council, working under the Union Ministry of Urban Development, has given the go-ahead for the gypsum panels as an approved building material.

One of the major projects involves building 40 houses at Nellore in Andhra Pradesh.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Kochi / by Special Correspondent / Kochi – April 08th, 2016

Crab Breeding Begins in Ashtamudi Lake

Crabs being deposited in the Ashtamudi lake near Kollam
Crabs being deposited in the Ashtamudi lake near Kollam

Kollam :

With the Ashtamudi lake facing depletion of crabs owing to indiscriminate fishing in the area, the government on Thursday began a programme of crab breeding in the lake near Kollam.

Under the programme, high quality crabs are brought from the Rajiv Gandhi Centre for Aquaculture Centre at Nagapattinam in Tamil Nadu and deposited in a special protective enclosure in the lake.

The mission is to prevent serious environmental problems.

The programme is being implemented by the Fisheries Department under the marine life protection programme.

Special nets have been set up in the lake to protect the crabs in the enclosure. A total of 3,657 crabs

have been deposited in the lake.

Each crab grows to have a weight of 8 kg with each kg costing `1,200.

The programme was inaugurated by district panchayat secretary K Anil Kumar. Fisheries Deputy Director Suresh was also present

source: http://www.newindianexpress.com / The New Indian Express / Home> States> Kannada / by Express News Service / April 01st, 2016

ICAR award for nutmeg farmer

He got the award for developing a devise to de-shell the nutmeg seeds

Sachidanandan Velliyath, a 65-year-old farmer from North Aduvassery, Ernakulam, won the prestigious Innovative Farmer Award of the Indian Council of Agricultural Research (ICAR).

He received the award from Union Minister for Agriculture Radha Mohan Singh on March 21 at New Delhi during the National Agricultural Fair – Krishi Unnati (Pusa Krishi Vigyan Mela), said a press release here.

Development of a nutmeg decorticator, a devise to de-shell the nutmeg seeds, made him eligible for the award.

Since manual nutmeg de-shelling is laborious, it was not economical to produce kernel though it fetched double the price. The issue could be solved with the introduction of the new machine. The capacity of the nutmeg decorticator, powered by a 0.5 HP electric motor, is 150 kg per hour and costs Rs.28,000.

More than 140 farmers in Kerala and parts of Tamil Nadu and Karnataka have purchased this machine.

The Krishi Vigyan Kendra – Ernakulam of CMFRI had selected Mr. Velliyath as the Best Innovator and was recommended for the prestigious award, the press release added.

source: http://www.thehindu.com / Home> News> Cities> Kochi / by Special Correspondent / Kochi – March 28th, 2016

Kochi techie takes challenge to Paris

Kiran Raphael with French President Francois Hollande.
Kiran Raphael with French President Francois Hollande.

Kiran Raphael’s diamond clean tech involves cleaning water using diamond micro electrodes

A young technopreneur from the city has bridged the gap between Kochi and Paris, hogging the limelight at the Paris French Tech Ticket entrepreneurship challenge announced by French President Francois Hollande in 2014 to attract technology start-ups from across the globe.

Kiran Raphael, 31, an alumnus of St. Aloysius School, Palluruthy, was among the 20 from across the globe and one of the three Indians selected from more than 1,300 entries in the technology challenge, which saw participants from Japan, China, Canada, Argentina, Morocco, Tunisia and Egypt, among others.

Mr. Raphael said from Paris on Sunday that he was invited to speak on behalf of the selected technopreneurs at the Elysee Palace on March 2.

No chemicals, no waste generation

Mr. Raphael, a bio-technology specialist, said the diamond clean tech he espoused involved cleaning water using diamond micro electrodes. “When cleaning water using diamond electrodes, we do not use any chemicals and there is no waste generation,” he said on Sunday describing the technology that would now receive funding from the French government.

He said his plan was to develop the technology company in France and then to expand it to India, where there was a big problem of water pollution. Industrial houses and urban authorities stood to gain from adopting the technology, he said. Boobesh Ramalingam and Mani Doraisamy from Bangalore, he said, were among the other successful technopreneurs from India in the Tech Challenge.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Kochi / by K.A. Martin / Kochi – March 07th, 2016