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Jet Airways introduces fifth daily flight between Mumbai and Dubai from Oct 14

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Private sector carrier Jet Airways today said it would introduce a fifth daily service between Mumbai and Dubai from October 14.
 
"The introduction of this new flight between Mumbai and Dubai further strengthens the presence of Jet Airways in the Indo-Gulf sector, making it one of the region's leading carriers," a press release from the airline said.
 
The airline will deploy its next-generation Boeing 737-800 aircraft, offering twin class configuration of Premiere and Economy class, it said.
 
From October 14 until October 25, flight 9W 580 will depart Mumbai at 0200hrs (local time) and arrive Dubai at 0340 hrs (LT). On the return leg, 9W 579 will depart Dubai at 0455 hrs (LT) and arrive in Mumbai at 0930 hrs.
 
From Otober 26, flight 9W 580 will depart Mumbai at 0140 hrs and arrive in Dubai at 0335 hrs. On the return leg, 9W 579 will depart Dubai at 0500 hrs and arrive in Mumbai at 0930 hrs.
 
Mr. Gaurang Shetty, Senior Vice President, Commercial, Jet Airways, said, "We are happy to introduce a fifth service on the popular Mumbai-Dubai route, which has seen a steady growth in traffic be it tourists or business travellers. This flight would provide easy connectivity for guests, especially from western India, flying to and from the United Arab Emirates. This new service too is expected to be equally popular with travellers. Jet Airways has already established itself as a prestigious brand in the intensely competitive Indo-Gulf sector in a relatively short span of time, on accord of its globally acclaimed service excellence.”
 
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Reliance Jio, GTL Infra sign tower infrastructure sharing deal

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Reliance Jio Infocomm Limited (RJIL), a subsidiary of the Mukesh Ambani-led Reliance Industries Limited (RIL), and GTL Infrastructure Limited, which is engaged in the business of shared passive telecom infrastructure in India, today announced the signing of a Master Services Agreement (MSA) for tower infrastructure sharing.
 
RJIL is the only pan India operator with broadband wireless access (BWA) spectrum and is preparing to launch 4G services in the country. GTL Infra is a part of the Global group.
 
A press release from RJIL said GTL Infra, together with Chennai Network Infrastructure Limited (CNIL), had a combined tower portfolio of more than 27,800 towers spread across 22 telecom circles in India, and serving all the major telecom operators. The company has a pan India tower portfolio that is balanced across key growth regions of Metros and B & C class circles.
 
Mr Sanjay Mashruwala, Managing Director, Reliance Jio Infocomm Limited said, “Our mission is to launch a pan-India next-generation voice and data services. We will build the same through a judicious combination of own build and rented infrastructure. This agreement with GTL Infra is not only a step in that direction but will also help us accelerate our roll out.”
 
Mr. Charudatta Naik, Group CEO, Global Group said, “We are happy to be partnering with a leading 4G player like Rjio. The launch of 4G networks and the rise in the consumption of data services is a growth driver for tower companies, and we at GTL Infra are geared up to capture the opportunity.  Our portfolio will play an important role in rolling out broadband networks especially in regions like North East, and South where we hold a leadership position," he added.
 
RJIL holds spectrum in1800 MHz (across 14 circles) and 2300 MHz (across 22 circles) capable of offering fourth generation (4G) wireless services. RJIL plans to provide seamless 4G services using FDD-LTE on 1800 MHz and TDD-LTE on 2300 MHz through an integrated ecosystem.
 
RJIL has in recent months signed similar agreements with other telecom infrastructure companies like Ascend Telecom, Tower Vision, ATC India and Viom Networks.
 
It also has an agreement with Bharti Airtel to share infrastructure and another with Reliance Communications Limited (RCom) for sharing of RCom’s extensive inter-city and intra-city optic fiber infrastructure.
 
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Eros International, Sajid Nadiadwala come together again for Housefull 3

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Film entertainment major Eros International Media Limited today announced its continued partnership with fillm producer Sajid Nadiadwala to release the third instalment of the comedy franchise Housefull.
 
"Following the unprecedented success of the first two in the series, Eros once again teams up with Nadiadwala Grandson Entertainment for the much awaited Housefull 3, directed by writer-turned-director duo Sajid-Farhad," a press release from the company said.
 
Jyoti Deshpande, Group CEO - Eros International Media Ltd said, “We share a special relationship with Sajid that goes back several decades and are excited to have Sajid back with us. What better film to start with than the third instalment of the hit franchise Housefull. It promises to be a star studded laugh riot shot lavishly in the UK, Sajid Nadiadwala style.”
 
Nadiadwala added, “I’m happy to team up with Eros once more for this very popular series. Housefull 3 will be bigger and funnier and we are confident together we will once again successfully present some wholesome entertainment to audiences worldwide”.
 
The film is slated for a 2015 release.
 
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L&T wins order for building Adam Airbase in Oman

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Infrastructure major Larsen & Toubro (L&T) today said the Buildings & Factories Business of its subsiiary L&T Oman LLC, had won a prestigious contract from the Ministry of Defense of Oman for the construction of the Adam Airbase in Al Dakhiliya Governorate.
 
The order was won against stiff international competition, a press release from the company said.
 
Mr. S.N. Subrahmanyan, Member of the Board and Senior EVP (Infrastructure and Construction), L&T, said, “We have been gradually establishing our credentials in the Middle East and, especially in Oman, as a construction organization of calibre with the successful execution of many prestigious projects including the Salalah International Airport. This order that we have won is a reaffirmation of our capability to deliver projects of magnitude and high criticality with superior quality within stipulated timelines.”
 
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SBI revises interest rates of retail term deposits

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State Bank of India (SBI), the country's largest lender, today said it had decided to cut deposit rates by 25 basis points to 8.75% in the 1-3 year category with effect from September 18, 2014.
 
A press release from SBI said this had been done in view of the abundant liquidity coupled with slower than anticipated credit pick up.
 
Simultaneously, the bank has also decided to increase the deposit rate by 25 basis point in the 180-210 days category from 7% to 7.25%.
 
"With the inflation also trending down at a faster clip, this rate adjustment will continue to ensure that the savers are compensated adequately with a positive real rate on their deposits," the release added.
 
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L&T Construction wins orders valued at Rs 2050 crore

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Infrastructure major Larsen & Toubro (L&T) today said its construction arm had won new orders worth Rs 2050 crores across various business segments in August and September this year.
 
A press release from the company said these included international and domestic orders worth Rs 1213 crore baged by its Power Transmission & Distribution Business.
 
It said Larsen & Toubro Saudi Arabia LLC, a fully owned subsidiary of L&T, had bagged a major international order from the National Grid, Saudi Arabia (a subsidiary of Saudi Electricity Company) for the construction of an Extra High Voltage Double Circuit Transmission Line with a route length of 192 km. 
 
This project will improve the power system reliability in Shedgum and Uthmaniyah areas in the eastern region of Saudi Arabia. Secured against stiff competition, L&T’s scope in this turnkey order involves design, engineering, testing and supply of EHV transmission towers, conductors, insulators, other transmission accessories, testing and commissioning of the line. The project is scheduled to be completed in 24 months.
 
On the domestic front, a turnkey order has been received from the Tamil Nadu Transmission Corporation limited (TANTRANSCO) for establishing 400/230kV AIS & GIS substations at Karamadai near Coimbatore, Poiyur near Tiruchirapalli and at Chennai Central.
 
The company said another order had been secured from the West Bengal State Electricity Distribution Company Limited. The project involves supply, erection, testing and commissioning of 33/11 kV medium voltage substations as part of the Power Distribution Network for enhancing electricity infrastructure under the RAPDRP scheme in major towns of the state.
 
The release said L&T's Buildings & Factories Business had bagged orders worth Rs 775 crores which consist of two new orders and a few additional orders from on-going jobs.
 
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The first order is from a private developer for the construction of a resort in the western part of the country. The project includes construction of standard resort villas. L&T’s scope involves civil, structural, interior finishes, electrical, plumbing and all other allied works.
 
The company has bagged another order from one of India’s leading ATM manufacturers for the construction of their manufacturing and assembly facilities at Jaipur. The project will involve civil, structural, finishes and other associated works.
 
Additional orders have also been received from various ongoing jobs in the Heavy Civil Infrastructure Business and Water & Renewable Energy Business, the releaseadded.
 
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Maharashtra, Haryana Assembly elections to be held in single phase on October 15

The Election Commission announced on Friday that elections will be held on October 15 to the state legislative assemblies of Maharashtra and Haryana -- the first states to go to the polls after the April-May Lok Sabha elections in which the Bharatiya Janata Party scored an overwhelming victory.

 
Maharashtra, Haryana to go to polls on 15 Oct: EC
The Election Commission announced today that elections will be held on October 15 to the state legislative assemblies of Maharashtra and Haryana -- the first states to go to the polls after the April-May Lok Sabha elections in which the Bharatiya Janata Party (BJP) scored an overwhelming victory.
 
Chief Election Commissioner V S Sampath told a press conference that the notification for the elections would be issued on September 20 and the last date for filing nominations would be September 27.
 
The scrutiny of nominations will be held on September 29 and the last date for withdrawal of candidatures is October 1.
 
Counting of votes in the single-phase poll will be held on October 19 and all the results are expected to be in by that evening.
 
Along with the Assembly elections in the two states, bye-elections will be held for the Beed Lok Sabha seat in Maharashtra, which fell vacant after the death of Union Rural Development Minister Gopinath Munde in a road accident in Delhi on June 3, and Kandhamal Lok Saba constituency in Odisha.
 
Bye-elections will also be held for five Assembly constituencies in as many states. They are: Kanubari (ST) in Arunachal Pradesh, Hiyanglam in Manipur, Northern Angami-II (ST) in Nagaland, Kairana in Uttar Pradesh and Rajkot West in Gujarat.
 
The BJP is making a strong bid to capture power in both Maharashtra, where the Congress-Nationalist Congress Party (NCP) alliance has been ruling for 15 years, and Haryana, where the Congress has been in power since March 2005. The results of the recent Lok Sabha elections have given it some hope of wresting power in both states.
 
The term of the present Maharashtra Assembly will end on November 8 and that of the Haryana Assembly on October 27.
 
Of the 288 seats in the Maharashtra Assembly, 29 are reserved for Scheduled Castes (SCs) and 25 for Scheduled Tribes (STs). Of the 90 seats in the Haryana Assembly, 17 are reserved for SCs.
 
Mr Sampath said the final electoral rolls for both the states, based on the qualifying date of January 1, 2014, had been published on July 31. There are 8.259 crore voters in Maharashtra and 1.615 crore voters in Haryana. Under the law, eligible voters can enrol themselves until the last date of filing of nominations. He appealed to voters to ensure that their names figured in the electoral rolls. 
 
He said that voters who had not been issued electoral photo identity cards (EPICs) could vote by producing one of several specified alternate identity cards.
 
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The Election Commission will set up 90,403 polling stations in Maharashtra and 16,244 in Haryana for the polls. Electronic voting machines (EVMs) will be used at all polling booths. In 13 constituencies of Maharashtra and six in Haryana, the Commission will also use Voter Verifiable Paper Audit Trail (VVPAT) systems.
 
Mr Sampath said that, as per the orders of the Supreme Court, all the EVMs will have the option of "None of the Above" (NOTA) in case the elector did not wish to vote for any of the candidates in the fray.
 
Mr Sampath said the Commission would make a separate announcement about the elections to the legislative assemblies of Jammu & Kashmir and Jharkhand, whose terms are also due to end by early 2015. He said that, in the case of Jammu & Kashmir, the Commission would also have to take into account the situation arising out of the devastating floods that have hit the state this month.
 
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Open air cultural hub like Times Square likely at Kala Ghoda in Mumbai

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Union Minister of State for Tourism and Culture Shripad Naik today said that the Ministry of Tourism would help the Government of Maharashtra create a cultural hub, most of it open air and on the lines of Times Square in New York, in Mumbai.
 
He said the Ministry would sanction Rs 5 crore for phase I of the project with similar amounts for every subsequent phase.
 
This would be over and above what the Government of Maharashtra would spend in creating the basic infrastructure to incentivise private sector parties to invest in the project, he said.
 
According to an official press release, the Government of Maharashtra and the local authorities in Mumbai would select the various private parties, each of which will undertake a specific responsibility.
 
Kala Ghoda in Mumbai is being seen as the location best suited for the purpose of creating a hub of heritage and  culture,  mostly open air, the  equivalent of Times Square, New York.  The final decision on the exact location in the area will be taken keeping in mind issues such as ensuring that there is no disturbance to vehicular traffic and ensuring maximum activity, it said.
 
The vision behind the Kala Ghoda proposal is to provide popular entertainment as well as access to heritage and culture for the benefit of international tourists, domestic tourists and the people of Mumbai.  This should result in a few themes and additional jobs being created.
 
The features of the hub proposed at Kala Ghoda are as follows:-
 
(1)    A 15 feet high flag of India, made of hard transparent materials and lit from within, will provide a photo opportunity to visitors, just as the US flag does in Times Square.
 
(2)     Large electronic billboards will give corporates an opportunity to advertise their products while also providing income to the owners of the buildings that host such electronic advertisements and entertainment to visitors.
 
(3)   With the grant given by the Ministry of Tourism it will be ensured that :
 
 (a)   the entire pedestrian area will be paved with stone slabs (not cobble stone);
 (b)   wide steps rising upwards will be created for visitors to sit on.  At Times Square such benches are made of high quality,  hard transparent, coloured plastic lit from below, as well as some  such sitting areas in steps made of steel;
 (c)   drinking water fountains with reverse osmosis-treated water so that no plastic water bodies are taken there.
 
(4)   One or two high resolution web cams/CCTVs will be operated by one or two private parties selected by the Government of Maharashtra/local authorities to photograph live the visitors sitting on these wide steps and to (a) project them on gigantic screens opposite the benches; and (b) provide a live “stream” on the internet.
 
(5)   Film and cartoon characters, preferably from the cinemas of India and cartoons by Indian cartoonists, will walk around the Kala Ghoda cultural hub for photo opportunities with visitors, as at Times Square.  Tipping these humans dressed as cartoon and film characters will be voluntary because they will be paid a salary.
 
(6)    There will be street performances.
 
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According to the release, Kala Ghoda already has art galleries, music shops, eating places, artists sketching visitors, access to shopping areas and other facilities and activities that make it suitable for becoming the Indian equivalent of Times Square.
 
The Ministry of Tourism is funding a scheme to project 3-dimensional (3D) images of 36 Indian monuments, one from each State and Union Territory at India Gate in New Delhi.  Depending on the success of that project, it will consider similar projections on the Gateway of India in Mumbai, it said.
 
A meeting was held in Mumbai in August, 2014 headed by officers of the Ministry of Tourism, Government of India and attended by officers of the Department of Tourism, Maharashtra and representatives of the Mumbai Traffic Police, who gave their in-principle approval for the Mumbai project.
 
Arising out of those discussions, the Tourism Department, Maharashtra submitted a proposal to the Union Ministry of Tourism for grant of Central Financial Assistance for the project.  The project was approved yesterday, the release added.
 
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L&T wins Rs 1885 crore order from NTPC for 1320 MW supercritical steam generators

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Infrastructure major Larsen & Toubro (L&T) today said it had, through its joint venture company L&T-MHPS Boilers Private Limited (LMB), secured an order worth Rs 1885 crore from the public sector power giant NTPC Limited.
 
The contract includes setting up of two units of 660 MW each supercritical steam generators for Tanda Thermal Power Plant Stage-II in Uttar Pradesh on an engineering, procurement and construction (EPC) basis, a press release from the company said.
 
LMB’s scope includes design, engineering, supply, construction, erection, testing, commissioning and conducting performance guarantee of two coal-fired steam generator units with supercritical parameters. 
 
The project site is located on the banks of the Tanda canal near Bahadurpur village in the Ambedkar Nagar district.
 
This is LMB’s first order for supercritical steam generators from NTPC. The order was won through competitive bidding involving several national and international players. the release said.
 
The project is scheduled to be completed in 46 and 52 months for the respective units. 
 
Mr. Shailendra Roy, Whole-time Director (Power, Minerals & Metals) L&T said, “We have the manufacturing and execution capabilities to deliver to stringent schedules while conforming to global standards.” 
 
LMB is currently executing 11 units of similar large capacity steam generators (660/700 MW) in India totaling 7340 MW. Two units of Nabha Power Ltd at Rajpura (Punjab) have already achieved commercial operation and the remaining are in advanced stages of execution. LMB also caters to markets in countries like Taiwan, Egypt, Saudi Arabia and the Philippines for engineering services and supply of pressure parts and pulverisers.
 
LMB is a joint venture between L&T with 51% equity and Mitsubishi Hitachi Power Systems, Japan with 49% equity. Its manufacturing facility is located at Hazira in Gujarat.
 
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Kieron Pollard named Mumbai Indians captain following Rohit Sharma's injury

Kieron Pollard
Kieron Pollard
Trinidad and Tobago all-rounder, Kieron Pollard, known for his explosive batting, has been named as the captain of the Mumbai Indians in the coming Champions League T20, starting September 13 in Raipur, in the absence of the injured Rohit Sharma.
 
Sharma recently fractured his middle finger during the second one-day international between India and England at Cardiff.
 
Pollard has been with the Mumbai Indians from IPL Season 3, and has already established a sense of seniority and gained respect among his fellow players. 
 
His success as the captain who led the Barbados Tridents to title triumph in the recently concluded Caribbean Premier League (CPL) has been well-appreciated.  
 
A towering Trinidadian, Pollard is one of the hardest hitters of the cricket ball and has produced moments of brilliance for the Mumbai Indians. He played a crucial role in Mumbai Indians’ triumph, during the 2013 IPL Season by smashing 29 sixes, which enabled the side to clinch their maiden IPL title. 
 
Pollard's career in the Mumbai Indians team spans over nearly 96 matches, scoring more than 1,700 runs with over 100 sixes, with more than 63 wickets to his credit. He was also adjudged the Man of the Match in the 2013 IPL final because of his overall brilliant display.
 
"It is very unfortunate that Rohit will be unable to lead the team, and I take this opportunity to wish him a fast comeback. I truly understand that it is a huge honor and a privilege to captain the vibrant Mumbai Indians side, and thank the team management for bestowing their faith in me. I am aware of the great expectations ahead of us. However, I am confident that together, we will face the challenges, and work towards retaining the glory and the stature of the Mumbai Indians team," Pollard said.
 
Chief Mentor for Mumbai Indians Anil Kumble said, "We will definitely feel Rohit's absence in the team and wish him well.  However, I strongly believe, that you can only be as good as the opportunities you get; and I am confident that Kieron with his varied experience and impressive track record, will rise to the occasion, and align the Mumbai Indians for a competitive performance."
 
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CCEA nod for additional liquid bulk terminal at Jawaharlal Nehru Port Trust

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The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, today approved the development of an additional liquid bulk terminal at Jawaharlal Nehru Port Trust (JNPT) in Mumbai.
 
The estimated total cost would be Rs.2496 crore. The award would be on highest royalty basis, an official press release said.
 
The project will be taken up for implementation under the private public partnership (PPP) mode on design, build, finance, operate and transfer (DBFOT) basis. Therefore, the entire investment on the project will be made by the concessionaire, an official press release said.
 
The project is envisaged to be implemented in two phases with overall capacity as 26.6 million tonnes per annum (MTPA). Phase I envisages construction of four berths to accommodate vessels size up to 180,000 dead weight tonnage (DWT) with a capacity of 15 MTPA. Phase II envisages construction of two additional berths for 180,000 DWT vessels with a capacity of 11.6 MTPA. 
 
The project would enhance the liquid bulk cargo handling capacity of JNPT from the existing 5.5 MTPA to 20.5 MTPA by 2017-18 when Phase-I is expected to be commissioned. Capacity would go up to 32.1 MTPA with the commissioning of Phase-II by 2025-26.
 
The release said this infrastructure would facilitate industrial growth in the hinterland and also reduce transaction cost for users who are suffering high waiting time in the existing berths. The project will also create, additional employment opportunities and lead to socio-economic development of the region. 
 
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ICICI Bank board approves five-for-one stock split

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ICICI Bank, India's top private sector lender by assets, said today that its board had approved a five-for-one stock split.
 
"The Board of Directors of ICICI Bank Limited (NYSE: IBN) has considered and approved the sub-division (split) of one equity share of the Bank having a face value of Rs 10 into five equity shares of face value of Rs 2 each," a press release from the bank said.
 
"Each American Depositary Share (ADS) of ICICI Bank will continue to represent two underlying equity shares as at present. The number of ADSs held by an American Depositary Receipt holder would consequently increase in proportion to the increase in number of equity shares," it said.
 
According to the release, the sub-division of shares will be subject to approval by the shareholders, which will be sought by postal ballot, and any other applicable statutory and regulatory approvals. Accordingly, the record date for sub-division of shares will be announced in due course, it added.
 
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L&T acquires Ramboll’s stake in L&T-Ramboll Consulting Engineers Limited

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Infrastructure major Larsen & Toubro today said that it had acquired the 50 per cent of the stake in L&T-Ramboll Consulting Engineers Limited (LTR) that was hitherto held by Ramboll Denmark.
 
The company said in a press release that this was a strategic move to strengthen its design base in the infrastructure space.
 
With this acquisition, LTR has now become a wholly-owned subsidiary of L&T, the release said.
 
The company will continue to offer single point ‘concept to commissioning’ consultancy services for infrastructure projects like airports, roads, bridges, ports and maritime structure including environment, transport planning and other  related  services, it said.
 
LTR was incorporated in 1998 with L&T contributing 50% of the authorized and paid-up capital. Ramboll Denmark AS and Industrialization Fund for Developing Countries (IFU) contributed 26% and 24% respectively. Ramboll Denmark AS had purchased IFU’s 24% stake in 2004.
 
LTR has approximately 250 engineers on board, with registered office in Chennai, and  regional offices in Hyderabad, Delhi and Mumbai.
 
Post-acquisition, the company is proposed to be renamed as L&T Infrastructure Engineering Limited, the release said.
 
“This acquisition is a significant move to strengthen our EPC offering in the infrastructure sector. With a track of successful projects and international exposure, L&T Infrastructure Engineering will be providing engineering services for infrastructure projects," Mr. S. N. Subrahmanyan, Member of the Board and Senior Executive Vice President (Infrastructure and Construction), said.
 
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L&T Hydrocarbon bags orders worth over Rs 1920 crore

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Infastructure major Larsen & Toubro (L&T) today said L&T Hydrocarbon Engineering (LTHE), its fully-owned subsidiary, had secured new orders in the offshore and onshore segments worth Rs 1,920 crore from domestic oil and gas majors.
 
A press release from the company said these included an offshore contract valued at Rs 1,340 crore from the public sector Oil & Natural Gas Corporation (ONGC), won against international competitive bidding, for engineering, procurement, construction and installation of five wellhead platforms at its Mumbai High North field. 
 
The project, part of ONGC’s strategy to re-develop Phase-III of Mumbai High North field to enhance production from existing reservoirs, is scheduled to be completed by March, 2016. 
 
In the onshore segment, LTHE has secured a contract valued at approximately Rs 580 crore from a leading company engaged in hydrocarbon downstream processing. LTHE will carry out engineering, procurement and construction of a dual service cryogenic storage tank facility, suitable for liquid ethane and liquefied natural gas and engineering work for the balance of the facilities to be installed at the client’s manufacturing complex, the release added.
 
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Reliance's GenNext Ventures, Microsoft to launch hubs to boost innovation among startups

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GenNext Ventures, the venture investment management arm of the Mukesh Ambani-led Reliance Industries Ltd (RIL), today signed a three-year partnership with Microsoft India, through Microsoft Ventures in India, to set up GenNext Innovation Hubs, a pan India initiative to catalyze the country’s technology startup ecosystem.
 
The memorandum of understanding (MoU) in this regard was signed by Dr. R. A. Mashelkar, Chairman, GenNext Ventures and Board Member, RIL, and Mr. Bhaskar Pramanik, Chairman, Microsoft India. 
 
The first hub will start operations in October in Mumbai, and will be subsequently emulated across multiple cities in India, a press release from the company said.
 
According to it, the MoU allows GenNext Ventures and Microsoft Ventures to bring together key stakeholders—academia, students, entrepreneurs, investors, and corporates--at the GenNext Innovation Hubs and offer some of the most critical resources that startups need to be successful. 
 
"Microsoft Ventures will help GenNext identify, shortlist, on-board promising startups and power the accelerator program. Microsoft Ventures will also provide these startups access to software and technology advice. At the end of the accelerator program cycle, GenNext will invest strategically and selectively in some of these IT startups," it said.
 
Announcing the partnership, Dr Mashelkar said: “Technology startups, which are a key source of innovation in India, are at an inflexion point today. While the numbers have grown exponentially year on year, the industry is at a nascent stage. While several initiatives are underway to help startups, what is lacking is a national platform that seamlessly brings together all stakeholders and also provides the resources Indian startups need to be successful. That’s what we are aiming to do through GenNext Innovation Hubs, in our partnership with Microsoft Ventures.”
 
Mr Pramanik said: “The emerging trends in India’s technology startup space are fascinating--both in numbers and in diversity of ideas. At Microsoft, we have had a long-standing commitment to innovation, not just within but also in the IT ecosystems of markets we operate in. Microsoft Ventures is leading that for us in India. With this partnership, startups in India will have access to GenNext Ventures’ deep industry experience and Microsoft Ventures’ knowledge and IT industry network and strength.”
 
The GenNext Innovation Hub at Mumbai will provide the opportunity to a select group of entrepreneurs to launch or re-engineer their company through an immersive, four-month-long program. Startups in the program will have access to business mentors, technical and design experts and plug and play office space. They will also have access to mentors who can help them gain valuable market insights for Indian and global markets.
 
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The Mumbai GenNext Innovation Hub is now open to receiving applications for the accelerator program. Startups must apply online here.
http://www.gennexthub.com). The last date for receiving applications is September 25, 2014. The program will commence with the first batch of startups on October 6, 2014 in the GenNext Innovation Hub at Navi Mumbai.
 
GenNext Ventures, an RIL sponsored venture capital fund headquartered in Mumbai, invests actively in innovative technology companies from India and overseas with the objective of building successful global businesses that are sustainable, scalable and profitable. GenNext also invests alongside its global partners, which include some of the large venture capital groups and strategic technology giants based in US, Israel and UK. 
 
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Reliance Foundation, University of Chicago partner on training technology for doctors

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Reliance Foundation and the University of Chicago today announced a collaboration to develop innovative technology that will help train medical students and clinicians for better diagnosis and improved healthcare. 
 
The collaboration is also supporting doctors in real time with evidence-based clinical decision-making tools, a press release from the foundation, set up by the Mukesh Ambani-led Reliance Industries Limited (RIL), said.
 
According to the release, the partnership will develop cloud-based software applications that can train medical professionals using case studies written by experienced physicians and state-of-the-art clinical reasoning methods. 
 
Provided through technology partners i-Human Patients, Inc. and AgileMD, the software will help improve medical education and provide point-of-care clinical decision support tools for healthcare practitioners. These tools will help reduce diagnostic errors, improve outcomes and help save many lives, it said.
 
The programme will be piloted in Reliance Foundation’s Sir HN Reliance Foundation Hospital and Research Centre in Mumbai. Reliance Foundation aims to enhance access to quality healthcare in India. 
 
“We are excited to collaborate with the University of Chicago, one of the leading universities, in transforming universal delivery of healthcare,” said Mr Jagannatha Kumar, CEO, Reliance Foundation. “Through this collaboration, we look forward to bringing in a technology-based revolution in providing medical education and equipping healthcare professionals to achieve greater standards of excellence”
 
Reliance Foundation is the philanthropic arm of RIL, a Fortune Global 500 company and the largest private-sector company in India. The group has so far touched the lives of 4 million people across India through various initiatives in the areas of healthcare, education, livelihoods and so on, the release said.
 
“We have developed this evidence-based program which, with the power of technology, can be widely disseminated. Technology should be a democratizing force and India should be able to leapfrog in deployment of such advanced education and health care delivery tools”, stated Dr Vinay Kumar, who is the Donald N. Pritzker Professor and Chairman of Department of Pathology at the University of Chicago.
 
Faculty members of the University of Chicago Medicine, led by Scott Stern, MD, have developed the Symptom to Diagnosis clinical reasoning methodology. This evidence-based approach to clinical reasoning forms the foundation for the clinical education and point-of-care products being developed in collaboration with Reliance Foundation.  Stern will lead the case development team made up of leading medical educators from the US and India, the release added.
 
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Maharashtra: 22 lakh additional voters enrolled in special drive by Election Commission

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The Election Commission today said that about 22 lakh additional people had been enrolled in the voter lists of Maharashtra folowing extensive and extraordinary measures taken by it to enrol citizens ahead of the elections to the State Legislative Assembly due later this year.
 
The campaign was undertaken against the background of media reports that some names were missing from voter lists in Mumbai and Pune during the recent Lok Sabha elections.
 
"While under the law, the elector needs to get his/her name included in the Electoral Roll and despite the Hon’ble Bombay High Court not finding any breach in Commission’s statutory compliance, the Commission decided to take elaborate outreach and facilitation measures in the state in the interest of citizens’ smooth participation in election," it said.
 
A press release from the Election Commission said a Special Summary Revision was conducted in the entire state from June 9 to 30, including two special campaigns of two days each.
 
During this revision, the draft electoral roll was published at all polling stations and on notice boards of Electoral Registration Officers. The roll was also displayed on the website of the Chief Electoral Officer along with search facility. Representatives of recognized political parties were given copies of draft and final electoral rolls. A special relaxation was given for those whose names were deleted but were holding election photo identity card (EPIC). Their claims were accepted only with a photo copy of the EPIC and without demanding any extra proof. Suo-motu deletions were strictly prohibited. 
 
The Commission said it had also taken up a series of proactive measure to reach out to citizens under its flagship programme of Systematic Voters` Education and Electoral Participation (SVEEP). Advertisements were given in as many as 256 newspapers. A massive audio-video campaign was taken up by making full use of All India Radio and Doordarshan and also through popular private channels across major cities and towns. A special information and motivation campaign was mounted involving popular film star Aamir Khan on radio and TV Channels. The campaign particularly highlighted the need for checking names in the final roll. 
 
In another move, the Commission sent over 26 lakhs letters along with enrollment form (Form 6) to all such persons whose names were deleted in Mumbai, Thane and Pune. 
 
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As many as 4.5 lakh of these letters were delivered and the rest were returned undelivered as the address was incorrect or the addressee had left. 
 
"As a result of such massive efforts, around 20.3 lakh electors were enrolled during the Special Summary Revision in Maharashtra including 1.94 lakh in Mumbai and 2.66 lakh in Pune. Out of these, only 16614 cases in Mumbai and 27542 cases in Pune relate to those whose names were deleted earlier. The final roll has been put on the website of CEOs and all EROs," the release said.
 
"In case any eligible citizen is still not enrolled they can include their names up to ten days before the last date of nomination of candidates for the forthcoming state elections. Commission is happy that 1.32 lakh new applications have already been received till 31st August 2014 in this continuous updation. Commission expects that citizens of the state will continue to avail this facility and do their part of the call to register themselves on time so that they can exercise their franchise in the forthcoming assembly elections," the release added.
 
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Jet Airways to introduce daily flight between Delhi and Ho Chi Minh City

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Private sector carrier Jet Airways today said it would introduce a daily service between Delhi and Ho Chi Minh City, Vietnam via Bangkok from November 5 this year, making it the 22n international destination on its network.
 
The new service will connect Ho Chi Minh City with the airline's hub, Mumbai, a press release from the airline said.
 
Jet Airways flight 9W 064 will depart Indira Gandhi International Airport in Delhi at 0855 hrs and arrive at Bangkok at 1430 hrs. The flight will leave  Bangkok at 1545 hrs to arrive at Tân Sõn Nh?t International Airport in Ho Chi Minh City at 1715 hrs local time (LT).
 
On the return, flight 9W 063 will depart Ho Chi Minh City at 1815 hrs (LT) and arrive at Bangkok at 1945 hrs (LT). The flight then departs Bangkok at 2050 hrs (LT) to arrive at Delhi’s T3 terminal at 2359 hrs (LT).
 
The airline has added two daily flights in its winter schedule to further strengthen its footprint in the ASEAN region. 
 
The release said the airline planned to introduce a third daily direct service from its international gateway in Mumbai to Bangkok during its winter schedule, which will make it the only Indian carrier to operate three flights a day from Mumbai to Bangkok’s International Suvarnabhumi Airport.
 
For passengers from Mumbai, Jet Airways will provide a connecting flight to Ho Chi Minh City via Bangkok. Flight 9W 070 departing Mumbai at 0750 hrs (LT), will arrive at Bangkok at 1345 hrs (LT). This will allow guests to connect onto flight 9W 064 departing Bangkok at 1545 hrs (LT) and arriving at Ho Chi Minh City at 1715 hrs (LT).
 
On the return, 9W 063 departs Ho Chi Minh City at 1815 hrs (LT) and arrives into Bangkok at 1945 hrs (LT). This daily flight then departs Bangkok at 2135 hrs (LT), arriving into Mumbai at 0030 hrs (LT) the following day.
 
Additionally, with a third frequency between Bangkok and Mumbai, passengers can now avail of flight 9W 061 which departs Bangkok at 0855 hrs (LT) and arrives into Mumbai at 1155 hrs (LT) daily.
 
Similarly, this new flight from Mumbai to Bangkok, offers a convenient afternoon service, flight 9W 060 which will depart Mumbai at 1255 hrs (LT) and arrive at Bangkok at 1835 hrs (LT), the release added.
 
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Atletico de Kolkata to meet Mumbai City FC in opening game of Indian Super League

 
Atletico de Kolkata will take on Mumbai City FC in the opening game of the Hero Indian Super League’s first season at the Salt Lake Stadium in Kolkata on October 12.
 
IMG-Reliance and Star India – the promoters of the league -- today announced the fixtures for the inaugural edition of the tournament, featuring eight clubs and 61 games spread across 70 days.
 
The league stage will witness 56 games in the home and away format, followed by a two-legged semi-finals and the final scheduled for December 20.
 
All games will be played at 7:00 pm (IST), including the semi-finals and finals. On days of double headers, 9th and 10th December 2014, the first game will start at 5:00 pm (IST) followed by the second at 7:00 pm (IST).
 
Delhi Dynamos FC will host the league’s second game when they play FC Pune City on October 13. The action will move to Guwahati on October 15  for the home match of NorthEast United FC against Kerala Blasters FC and then to Goa next day for FC Goa’s game against Club Chennai.
 
Mumbai will see the first Hero ISL action on October 17 when Mumbai City FC will take on FC Pune City at DY Patil Stadium, New Mumbai. Club Chennai, FC Pune City and Kerala Blasters FC will host their first home matches on October 19, 22 and 27, respectively.
 
The semi-finals will start from December 13 with the top four clubs qualifying for the knock-out stage to be played in a two-legged format with the winners moving onto the final.
 
The Hero Indian Super League final would be played at a neutral venue on Saturday, December 20.
 
The following is the schedule:
 
12 Oct 19:00 Atletico de Kolkata vs Mumbai City FC Salt Lake Stadium, Kolkata
13 Oct 19:00 Delhi Dynamos FC vs FC Pune City Jawaharlal Nehru Stadium, Delhi
15 Oct 19:00 NorthEast United FC vs Kerala Blasters FC Indira Gandhi Stadium, Guwahati
16 Oct 19:00 FC Goa vs Club Chennai Jawaharlal Nehru Stadium, Fatorda, Goa
17 Oct 19:00 Mumbai City FC vs FC Pune City D.Y. Patil Stadium, Navi Mumbai
18 Oct 19:00 Atletico de Kolkata vs Delhi Dynamos FC Salt Lake Stadium, Kolkata
19 Oct 19:00 Club Chennai vs Kerala Blasters FC Jawaharlal Nehru Stadium, Chennai
20 Oct 19:00 NorthEast United FC vs FC Goa Indira Gandhi Stadium, Guwahati
22 Oct 19:00 FC Pune City vs Kerala Blasters FC Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
23 Oct 19:00 FC Goa vs Atletico de Kolkata Jawaharlal Nehru Stadium, Fatorda, Goa
24 Oct 19:00 Mumbai City FC vs NorthEast United FC D.Y. Patil Stadium, Navi Mumbai
25 Oct 19:00 Delhi Dynamos FC vs Club Chennai, Jawaharlal Nehru Stadium, Delhi
26 Oct 19:00 FC Pune City vs FC Goa, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
27 Oct 19:00 Kerala Blasters FC vs Atletico de Kolkata, Jawaharlal Nehru Stadium, Kochi
28 Oct 19:00 Delhi Dynamos FC vs NorthEast United FC, Jawaharlal Nehru Stadium, Delhi
29 Oct 19:00 Club Chennai vs Mumbai City FC, Jawaharlal Nehru Stadium, Chennai
31 Oct 19:00 FC Goa vs Delhi Dynamos FC, Jawaharlal Nehru Stadium, Fatorda, Goa
01 Nov 19:00 Mumbai City FC vs Kerala Blasters FC, D.Y. Patil Stadium, Navi Mumbai
02 Nov 19:00 Club Chennai vs Atletico de Kolkata, Jawaharlal Nehru Stadium, Chennai
03 Nov 19:00 FC Pune City vs NorthEast United FC, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
04 Nov 19:00 Kerala Blasters FC vs FC Goa, Jawaharlal Nehru Stadium, Kochi
05 Nov 19:00 Mumbai City FC vs Delhi Dynamos FC, D.Y. Patil Stadium, Navi Mumbai
06 Nov 19:00 NorthEast United FC vs Club Chennai, Indira Gandhi Stadium, Guwahati
07 Nov 19:00 Atletico de Kolkata vs FC Pune City, Salt Lake Stadium, Kolkata
08 Nov 19:00 Kerala Blasters FC vs Delhi Dynamos FC, Jawaharlal Nehru Stadium, Kochi
09 Nov 19:00 FC Goa vs Mumbai City FC, Jawaharlal Nehru Stadium, Fatorda, Goa
10 Nov 19:00 NorthEast United FC vs Atletico de Kolkata, Indira Gandhi Stadium, Guwahati
11 Nov 19:00 FC Pune City vs Club Chennai, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
12 Nov 19:00 Delhi Dynamos FC vs FC Goa, Jawaharlal Nehru Stadium, Delhi
13 Nov 19:00 Kerala Blasters FC vs Mumbai City FC, Jawaharlal Nehru Stadium, Kochi
14 Nov 19:00 Atletico de Kolkata vs Club Chennai, Salt Lake Stadium, Kolkata
15 Nov 19:00 NorthEast United FC vs FC Pune City, Indira Gandhi Stadium, Guwahati
16 Nov 19:00 Delhi Dynamos FC vs Kerala Blasters FC, Jawaharlal Nehru Stadium, Delhi
17 Nov 19:00 Mumbai City FC vs FC Goa, D.Y. Patil Stadium, Navi Mumbai
18 Nov 19:00 Atletico de Kolkata vs NorthEast United FC, Salt Lake Stadium, Kolkata
19 Nov 19:00 Club Chennai vs FC Pune City, Jawaharlal Nehru Stadium, Chennai
21 Nov 19:00 NorthEast United FC vs Mumbai City FC, Indira Gandhi Stadium, Guwahati
22 Nov 19:00 Atletico de Kolkata vs FC Goa, Salt Lake Stadium, Kolkata
23 Nov 19:00 Club Chennai vs Delhi Dynamos FC, Jawaharlal Nehru Stadium, Chennai
24 Nov 19:00 Kerala Blasters FC vs FC Pune City, Jawaharlal Nehru Stadium, Kochi
26 Nov 19:00 Club Chennai vs NorthEast United FC, Jawaharlal Nehru Stadium, Chennai
27 Nov 19:00 FC Goa vs Kerala Blasters FC, Jawaharlal Nehru Stadium, Fatorda, Goa
28 Nov 19:00 Delhi Dynamos FC vs Mumbai City FC, Jawaharlal Nehru Stadium, Delhi
29 Nov 19:00 FC Pune City vs Atletico de Kolkata, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
30 Nov 19:00 Kerala Blasters FC vs Club Chennai, Jawaharlal Nehru Stadium, Kochi
01 Dec 19:00 FC Goa vs NorthEast United FC, Jawaharlal Nehru Stadium, Fatorda, Goa
02 Dec 19:00 Delhi Dynamos FC vs Atletico de Kolkata, Jawaharlal Nehru Stadium, Delhi
03 Dec 19:00 FC Pune City vs Mumbai City FC, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
04 Dec 19:00 Kerala Blasters FC vs NorthEast United FC, Jawaharlal Nehru Stadium, Kochi
05 Dec 19:00 Club Chennai vs FC Goa, Jawaharlal Nehru Stadium, Chennai
06 Dec 19:00 FC Pune City vs Delhi Dynamos FC, Shree Shiv Chhatrapati Shivaji Sports Complex, Pune
07 Dec 19:00 Mumbai City FC vs Atletico de Kolkata, D.Y. Patil Stadium, Navi Mumbai
09 Dec 17:00 NorthEast United FC vs Delhi Dynamos FC, Indira Gandhi Stadium, Guwahati
09 Dec 19:00 FC Goa vs FC Pune City, Jawaharlal Nehru Stadium, Fatorda, Goa
10 Dec 17:00 Atletico de Kolkata vs Kerala Blasters FC, Salt Lake Stadium, Kolkata
10 Dec 19:00 Mumbai City FC vs Club Chennai, D.Y. Patil Stadium, Navi Mumbai
13 Dec 19:00 TBA vs TBA  Semi Final 1 (Leg 1)
14 Dec 19:00 TBA vs TBA  Semi Final 2 (Leg 1)
16 Dec 19:00 TBA vs TBA  Semi Final 3 (Leg 2)
17 Dec 19:00 TBA vs TBA  Semi Final 4 (Leg 2)
20 Dec 19:00 TBA vs TBA  Final
 
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Eros International announces partnership with Home Cable Network

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Film entertainment major Eros International Media Ltd today announced the launch of a partnership between Home Cable Network Private Ltd, one of the largest multiple system operators (MSOs) in the Delhi-National Capital Region (NCR), and ErosNow, its online entertainment service.
 
This subscription-based broadband streaming service will enable Home Cable Network’s customer base to view content from Eros’ library of films and music on multiple devices like smart-TVs, PCs, laptops, tablets and mobiles, a press release from the company said.
 
“ErosNow is the only unique online streaming service in the world to offer both current and classic Bollywood blockbusters, music videos and popular television shows. We are pleased to be partnering with a leading player like Home Cable and make our extensive film content available to their vast subscriber base. With this pairing we continue to extend the reach of ErosNow as a leading digital entertainment brand," Rishika Lulla, CEO, ErosNow said.
 
The release said that, as a dedicated online streaming entertainment service, ErosNow showcases premium Bollywood content through a catalogue of current and classic Bollywood films, TV shows and music. The ErosNow platform currently offers users thousands of new and catalogue movies from Eros as well as other major Bollywood studios, a large selection of premium television content syndicated from major TV studios as well as thousands of music videos and audio tracks.
 
Home Cable delivers high speed 50 Mbps as the default minimum speed to its broadband subscribers.
 
The streaming services will be offered at attractive monthly subscription prices with a base price for unlimited viewing of movies, the release added.
 
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Former Attorney General Goolam Vahanvati passes away in Mumbai

Goolam Vahanvati

Former Attorney General of India Goolam Essaji Vahanvati died at a private hospital here today after suffering a heart attack.
 
He was 65. He is survived by his wife and son.
 
Mr Vahanvati was appointed as the 13th Attorney General, the country's top law officer, on June 8, 2009 soon after the Congress-led United Progressive Alliance (UPA) returned to power for a second term in May that year.
 
The appointment was for a period of three years, but he was given a two-year extension later. He had resigned after the Narendra Modi government assumed office on May 26 this year.
 
He was the Solicitor General from June 2004 during the first term of the UPA government.
 
Prior to that, he had served from December, 1999 for about four and a half years as the Advocate General of Maharashtra. He had represented the State of Maharashtra in the Public Interest Litigation filed in relation to the Telgi fake stamp paper scam.
 
According to sources, Mr Vahanvati was suffering from a lung infection for some time and had been admitted to a city hospital, where he breathed his last today.
 
"Sad to hear of the passing away of Former Attorney General Goolam Vahanvati . Deepest condolences to his family," Maharashtra Chief Minister Prithviraj Chavan said on micro-blogging site Twitter.
 
He was an alumnus of the St. Xavier's College and the Government Law College in Mumbai.
 
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Tendulkar's autobiography "Playing It My Way" to be released on Nov 6

Former cricketer Sachin Tendulkar, who bid adieu to the game after playing his 200th Test match in Mumbai on November 16 last year, is writing the story of his life, titled "Playing It My Way -- My Autobiography" that will be released simultaneously all over the world on November 6.
 
‘I knew that agreeing to write my story would need me to be completely honest, as that’s the way I have always played the game. It would require talking about a number of aspects I have not shared in public before," Tendulkar, 41, said.
 
"So here I am, at the end of my final innings, having taken that last walk back to the pavilion, ready to recount as many incidents as I can remember since first picking up a cricket bat as a child in Mumbai thirty-five years ago," he added.
 
The release noted that, despite his celebrity status, Sachin Tendulkar has always remained a very private man, devoted to his family and his country. 
 
"Now, for the first time, he provides a fascinating insight into his personal life and gives a frank and revealing account of a sporting life like no other," it said.
 
Hodder & Stoughton editor Roddy Bloomfield said, "Over the past twenty-five years Sachin Tendulkar’s colossal batting triumphs for India have singled him out as one of the greatest players in cricket history. He is universally admired and respected and most impressively remains a very modest man.
 
"I can’t over-emphasize the pleasure it gives me to announce that Hodder & Stoughton will be publishing Sachin Tendulkar’s inspirational autobiography in November of this year," he said.
 
The book will be simultaneously released all over the world and in India will be represented by Hachette India.
 
Tendulkar was conferred the nation's highest civilian honour, the Bharat Ratna, by the government on the day he announced his retirement from the game. He is also a recipient of the Rajiv Gandhi Khel Ratna, India's highest sporting honour.
 
During an amazing career that lasted all of 24 years, since he began playing cricket at the highest level at the age of 16, Tendulkar's outstanding abilities and many achievements made him a living legend and an inspiration for millions across the globe.
 
He is the highest run-scorer in the history of international cricket. In all, he scored 15921 Test runs at an average of 53.78. He hit 51 Test centuries and 68 half-centuries. His highest Test score is 248 not out.
 
In June last year, Tendulkar became a nominated member of the Rajya Sabha, the Upper House of Indian Parliament, the first active sportsman to serve as one.
 
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Tendulkar is the only cricketer to have scored a hundred centuries in international cricket, including 49 ODI centuries and 51 Test hundreds. He was the first batsman to cross 15,000 runs in Test cricket and has played the highest number of Test and ODI matches.
 
Born on April 24, 1973, the diminutive top-order right-hand batsman has played 463 one-day internationals and scored 18426 runs from 452 innings, for an average of 44.83 and a highest score of 200 not out -- the first double century by anyone in this format of the game.
 
He has also taken 154 wickets in ODIs with an average of 44.48. He played only one T20 International, against South Africa at Johannesburg on December 1, 2006. He has taken 46 wickets in Test matches at an average of 54.17, with best figures of 3 for 10.
 
He made his Test debut against Pakistan when he was only 16 at Karachi on November 15, 1989. He made his ODI debut against Pakistan at Gujranwala on December 18 that year. His last ODI was also against Pakistan at Dhaka on March 18, 2012.
 
Tendulkar, known as the Little Master, had turned his batting into a form of fine art with precise stroke-making, a perfect sense of anticipation and timing and a keen cricket mind.
 
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John Abraham, Nargis Fakhri launch Reebok's first Fitness Studio in Mumbai

Bollywood actors John Abraham and Nargis Fakhri doing the Zumba at the launch of Reebok's first ever Fitness Studio at its Fit-Hub  store at Linking Road in Mumbai on September 2, 2014.
Bollywood actors John Abraham and Nargis Fakhri doing the Zumba at the launch of Reebok's first ever Fitness Studio at its Fit-Hub store at Linking Road in Mumbai on September 2, 2014.
Fitness brand Reebok today announced the launch of its first-ever Reebok Fitness Studio, a format situated within its Fit-Hub store at Linking Road here.
 
The first ‘store and studio’ is aimed at meeting the fitness needs of Indian consumers and will enable them to engage in fitness activities such as dance, aerobics and yoga.
 
The studio was inaugurated by popular Bollywood actors and Reebok brand ambassadors John Abraham and Nargis Fakhri.
 
Erick Haskell, MD Reebok India said, “It gives us immense pleasure to launch the world’s first-ever Reebok Fitness Studio in Mumbai, and empower our customers to embark on their fitness journey. It is all the more exciting that India is the first Reebok market to have developed and implemented this concept. We are hoping to receive a great response to this new addition, and aim to have 10 such ‘store and studio’ formats spread across all parts of the country by the end of 2015, thereby truly spreading the message of fitness and encouraging people to be ‘Fit for Life’.”
 
Somdeb Basu, Brand Director, Reebok India said, “After the great response we have received for our Fit Hub concept stores across the country, we are extremely happy to announce the launch of our first ‘store and studio’ format in Mumbai. The Fit Hub concept is designed to guide customers on their fitness journey and provide a flexible and appealing retail space to meet their fitness needs. With the addition of the new Fitness Studio, these Fit Hub stores aim to truly serve as a one-stop fitness destination helping for our customers, and help them achieve their fitness goals.”
 
Abraham commented, “Being a fitness enthusiast myself, it is exciting to be a part of Reebok’s fitness movement and inspire my fans to inculcate a fit lifestyle. The new store and fitness studio is amazing and will definitely give people a holistic fitness experience.”
 
The face of Reebok India’s Studio collection for women, Fakhri, said: “The whole concept of having a fitness studio attached to a store is completely new and refreshing. Activities such as Zumba, Aerobics and Yoga are really popular with people across all age groups in the country, and it is great that they can now partake in these activities right here at the Reebok Fit Hub store.”
 
A press release from Reebk said each Fit Hub store is designed to give a look and feel of a gym with fixtures that replicate gym equipment such as pull up grids, genuine gym flooring and jump boxes as seating, providing customers a one-of-a-kind retail fitness experience. The stores also have clearly demarcated merchandise sections for different fitness activities such as training, running, and aerobics, dance and yoga.
 
Apart from first-in-class products equipped with advanced technology, consumers can now also indulge in studio fitness activities such as Aerobics, Dance and Yoga conducted by Reebok trainers, led by Reebok Master Trainer Vinata Shetty.
 
Initiated in 2013 in India, Reebok's Fit Hub stores have become popular across important markets such as Delhi, Mumbai Bangalore, Hyderabad, Kolkata and Chennai, reaching 100 stores in 50 cities.
 
Reebok has 400 exclusive franchise stores and a 1000-member strong instructor alliance.
 
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IRB achieves financial closure for Solapur-Yedeshi road project

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Road developer IRB Infrastructure Developers Limited has announced that Solapur Yedeshi Tollway Pvt. Ltd., the special purpose vehicle for the Solapur-Yedeshi project has tied up project finance of Rs 910 crore.
 
The total cost of the project is Rs 1492 crore, out of which viability gap funding from the National Highway Authority of India (NHAI) will be Rs 189 crore and the remaining will be funded through project finance of Rs 910 crore.
 
The average cost of this project finance is approx. 11.75% per annum, a press release from the company said.
 
A consortium of lenders comprising IDBI Bank Limited, the lead institution, India Infrastructure Finance Company Ltd. (IIFCL), Canara Bank, Union Bank of India, Corporation Bank and Indian Overseas Bank, have financed this project.
 
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Soundarya Rajinikanth joins Eros International as Director Creative & Strategy

Soundarya Rajinikanth
Soundarya Rajinikanth
Film entertainment major Eros International Media Limited has announced the appointment of Soundarya A Rajinikanth as Director Creative & Strategy for Eros and head of the company’s digital initiatives including ErosNow in south India. 
 
In her dual role, Soundarya will be spearheading Eros Digital across all the new media platforms including ErosNow, it’s on demand entertainment portal and lend her creative expertise to the company’s filmed content, a press release from the company said.
 
“We are delighted to welcome Soundarya to the leadership team at Eros. We are in an exciting phase in the company with significant progress in the digital space including ErosNow, mobile, DTH, IPTV and broadband. Soundarya’s experience in the digital domain makes her an ideal candidate to spearhead Eros’ digital strategy and make strategic inroads in South India," Jyoti Deshpande, Group CEO - Eros International Media Ltd said.
 
“I am very happy to get involved and be a part of the digital and creative processes at Eros.  Eros is an established global player with the advantage of a large content library and a vision to make quality content for the future. With a fantastic film slate lined up and such exciting digital opportunities, I am looking forward to bringing on board my experience with technology and creative inputs. With the growing south industry, its rich catalogue of content and a captive audience base, we are confident of driving further growth and making our presence felt strongly," Soundarya said.
 
Along with her new role at Eros, Soundarya will continue with her passion of directing films. She is presently scripting her next venture, to be produced by Eros, the release added.
 
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