Wednesday, May 16, 2018

Brazil honour for Mullapudi Narendranath

Recognition of his service in conservation of Ongole cattle

Mullapudi Narendranath, Joint Managing Director of Andhra Sugars Limited, was honoured by two Brazilian States for his contribution in the conservation and improvement of the Ongole cattle in India.

The 84th Expozebu held at Uberaba in the Minas Gerais State commemorated 80 years of genealogical registration of Indian cattle breeds in Brazil according to a press statement from Andhra Sugars.

ABCZ, the Brazilian Zebu Cattle Breeders Association, felicitated Mr. Narendranath on the ABCZ campus in Uberaba, Minas Gerais State.

The trophy awarded by ABCZ and the Ministry of Agriculture, denotes 80 years of official registration of various Indian cattle breeds in Brazil.

Brazilian presidential candidate, Governor of Minas Gerais State, Mayor of Uberaba city, Senators and leading cattle breeders attended the event.

At another event organised by Nelore Do Golias on the occasion of the field day, at Aracatuba of Sao Paulo State, Mr. Narendranath was honoured.

The function was attended by 1,800-odd leading cattle breeders from different countries of South America and the Emir of the United Arab Emirates.

Bharat Biotech receives National Technology Award

Leading vaccine maker Bharat Biotech (Krishna Ella - Chairman and Managing Director, Suchitra Ella - Chairperson) on Friday received the National Technology Award for 2018 from the Central government’s Technology Development Board for its Rotavac vaccine.

This prestigious award for innovative technologies, successfully developed and commercialized from India, was presented by President Ram Nath Kovind at the Technology Day ceremony held at Vigyan in New Delhi.

Launched in 2015 Rotavac was introduced into the Universal Immunization Programme (UIP) in India during 2016, with initial implementation in 9 states.  Till date, Bharat Biotech has supplied about 35 million doses to the UIP.

The vaccine is already saving infant lives and lowering the cost of hospitalizations across India.
The company has also initiated supply of WHO Prequalified Rotavac to UNICEF and other Immunization programmes worldwide, the Hyderabad-based company said in a statement.

“We are proud to receive the National Technology Award 2018 for ROTAVAC, it proves that researchers and product developers from India are capabable to develop and commercialize innovative technologies for the world,” said Krishna M Ella, Chairman and Managing Director, Bharat Biotech.

The national award from the Technology Development Board award recognizes organizations, who have forged powerful partnerships with the national laboratories and to create knowledge networks with academic institutions to promote research and development and to gain entry into global markets.

Rotavac boasts a large family of intellectual property with patents filed in more than 35 countries and granted in 10 countries including India, USA, China, EU, Japan, and Britain. Bharat Biotech currently, holds a portfolio of 60 patents and has delivered more than 3 billion doses of vaccines to over 65 countries.

BJP's G. H Thippa Reddy Wins Chitradurga assembly

Chitradurga (Gen) is a State Assembly/Vidhan Sabha constituency in the Chitradurga district and Central Karnataka region of Karnataka and is a part of the Chitradurga Parliamentary/Lok Sabha constituency.

There are a total of 2,46,346 voters in the constituency that include general voters, NRI voters and service voters. Amongst the general voters 1,23,060 are male, 1,23,210 female and 40 others. The electorate sex ratio in the constituency is 100.09 and the approximate literacy rate is 81%

Gundarapu H Thippareddy (Kamma) of BJP wins the seat with a margin of 33,000 votes against K.C.Veerendra of JDS. He won the seat for the fifth time. 

Monday, May 14, 2018

‘Human Calculator’ Apoorva Panidapu competes in semifinals of NBC game show ‘Genius Junior’

Math whiz and her teammates are out to win the title on series hosted by Neil Patrick Harris.

San Jose teen Apoorva Panidapu gets another chance to demonstrate her super brain power in front of a national audience Sunday night when she competes in the semifinals of NBC’s “Genius Junior.”

Apoorva once again teams up with Treasure, a 9-year-old girl from Florida with a photographic memory, and Sebastian, a 12-year-old New Yorker with a passion for architecture and music. Together, they dub themselves “The Fast and the Curious.” Their team will take on a trio called “27 Yards” on the game show.

Hosted by Neil Patrick Harris, “Genius Junior” celebrates the brightest children in America. Producers call it “the ultimate test of intelligence and endurance.”

“The Fast and the Curious” advanced to the semis with a thrilling victory earlier in the season. If Aproova’s trio wins the semifinal matchup, they will advance to the finals, which will play out in the second of back-to-back episodes Sunday night (7 and 8 p.m., NBC).

During initial preparations for the competition, Apoorva stunned fellow contestants with her ability to solve complicated math problems in her head with lightning-quick speed. They were so impressed that they began calling her the “Human Calculator.” Aproova, 13, is enrolled in two upper-division math classes at San Jose State. She also is a talented artist who loves to sketch and paint. In addition, plays violin in the San Jose Youth Symphony and practices kung fu.

In Sunday’s semifinals, Aproova and her teammates will be challenged to memorize the various sections of the Titanic for the Human GPS round, before taking on Number Cruncher, Talking Dictionary and Memory Master challenges. Apoorva has been designated the “Super Brain” for her team.

Saturday, May 12, 2018

Four Kammas seafood companies line up 2500 cr IPOs

Four Indian seafood companies are trying to cash in on the booming shrimp exports by going for an IPO. In last few years, Indian seafood exports have been recouping losses suffered due to the punitive tariff imposed by the US in 2004 and the decline in capture fisheries with the help of vannamei shrimp production, which is cheaper than the traditional black tiger.

According to trade sources, Indian aquaculture production is estimated to touch a record seven lakh tonne during the current fiscal and reach one million tonne by 2020.

Nekkanti Sea Foods ( MD - Nekkanti VenkataRao), Devi Seafoods (MD - Potra  Brahmanandam), and Sandhya Marines (MD - Kondragunta  Venkata Prasad) have filed draft prospectuses with capital markets regulator SEBI. Another company, Devi Fisheries (MD - SuryaRao Yarlagadda), is also reported to be planning for a public listing. Most of the leading shrimp exporters are based in Andhra Pradesh where majority of the farms are located.

Devi Seafoods plans to raise `900 crore through an initial public offering while Sandhya Marines is looking to raise around Rs 500-600 crore. Nekkanti plans fresh issuance of shares worth `250 crore, besides an offer for sale of up to 80 lakh equity shares by the existing shareholders.

Nekkanti Venkat Rao, managing director of Nekkanti Sea Foods told FE that it makes sense to go public as the industry is worth more than Rs 30,000 crore .

“India is moving towards the second phase of growth which will be driven more by value addition. As we move from a commodity driven business to more of a value added business it is easy for a listed company ,which is more transparent and has better corporate governance, to do business with leading global companies,” he added.

He feels that India can be the shrimp capital of the world just like Norway is for Atlantic Salmon. “As the country grows, it becomes a natural supplier for the species and the whole demand gravitates towards that particular country. India has already 20-22% of the world shrimp trade. There are multiple factors that are driving India’s growth,” he added.

Nekkanti Sea Foods is among India’s leading processors and exporters of processed frozen shrimp products with over three decades of operations. In fiscal 2017, they had a volume share in the Indian shrimp industry of 2.49% with a value share of 3.31% of the total exports in such periods ,according to a Crisil report.

Devi Sea Foods was the second-largest exporter (in value terms) of seafood as well as for frozen shrimps from India during financial year 2016-2017.

However, entry of new players and countries in the supply chain has led to a glut in the market with shrimp prices in free fall. Some of the Indian farmers have not seeded their farms after incurring huge losses in the first quarter harvest.

Venkat Rao says that the potential is still huge as the country exports a large share of its production to countries like Vietnam for re-export after value addition. He believes that consolidation and moving up the value chain would help Indian processors garner more market share in the coming days.
Source: Financial Express