Cong appears to be in no mood to make any change in AP

The Congress on Friday appeared to indicate that it has no plans to install a new Chief Minister in Andhra Pradesh, a move that may come as a dampener on the campaign for enabling Y.S. Jaganmohan Reddy inherit his late father Y.S. Rajasekhara Reddy’s post.

“There is a Chief Minister in Andhra Pradesh. A Cabinet has taken oath. If there is a change in the situation we will inform you,” the party spokesman, Manish Tiwari, said in his daily press briefing at the AICC.

He was replying to a volley of questions on the campaign by the Jaganmohan camp for anointing him as the next Chief Minister in the wake of his father Y.S. Rajasekhara Reddy’s tragic death in a helicopter crash last week.

Asked if the campaign by Mr. Jagan’s camp amounted to indiscipline, Mr. Tiwari said the party was passing through stressful times following the death of YSR and it was natural emotions would run among his supporters. The party does not consider it as indiscipline, he added.

“There is nothing as caretaker Chief Minister in the Constitution,” he said in reply to a question on incumbent K Rosaiah, who was installed in the wake of YSR’s death.

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AP allows pvt hospitals to treat swine flu patients

AP allows pvt hospitals to treat swine flu patients

HYDERABAD: The State Government has signed a memorandum of understanding (MoU) with private hospitals including Apollo Hospitals at Jubilee Hills and Global at L B Nagar here for allocating ten beds for treatment of swine flu patients.

According to the District Health and Medical Officer (DHMO), Hyderabad, Dr Jayakumari, as per the MoU, the private hospitals will allocate the ten beds for swine flu patients.

As on today, 417 persons were screened at the 8 screening centres and five samples have proved to be suspects which have been sent to the Institute of Preventive Medicine for test.

Superintendent AP Chest Hospital Dr S V Prasad said that a total of 4 cases were presently under treatment with the hospital. They include two confirmed cases and two are suspects awaiting their reports. All others have been treated and sent home, he add ed.

He stated that the new guidelines were helping the hospital to take care of serious patients better.

On lot of people sporting masks and whether it was necessary, Dr Prasad said that there was no need for people to wear masks.

However, people suffering from cough and cold should sport a mask and not others, he advised.

Hiring by Indian firms rises 51%, says survey

According to a survey, the percentage of companies in India hiring professionals and managers has rebounded to 51% currently, after a dramatic fall to 29% at the beginning of 2009

New Delhi: Job prospects for professionals and managers have brightened as more than half of the companies in the country have begun hiring, a global survey has said.

According to a quarterly survey by global recruitment firm Antal International, the percentage of companies in India hiring professionals and managers has rebounded to 51% currently, after a dramatic fall to 29% at the beginning of 2009.

“As a result job prospects for professionals and managers in India are now better than global average,” the survey said.

College courses now come tailor-made for companies

New Delhi: In 2005, Madhukar Shukla, professor of organizational behaviour at premier business school XLRI Jamshedpur, realized that Indian schools were not creating enough human resource (HR) managers, especially to fulfil the demands of the people-intensive information technology (IT) and business process outsourcing (BPO) industry.

Successful experiment: A class at XLRI Jamshedpur. At the XLRI-Accenture programme, fresh hires are selected by Accenture; they then sign up for the course, studying and working simultaneously. Indranil Bhoumik / Mint

Successful experiment: A class at XLRI Jamshedpur. At the XLRI-Accenture programme, fresh hires are selected by Accenture; they then sign up for the course, studying and working simultaneously. Indranil Bhoumik / Mint

A request from Accenture India to start a course specific to the company’s needs led Shukla to launch a 15-month certificate course in human capital management.“(There was) a rationale to think of other ways in which to create HR professionals,” said Shukla on why he launched a course in partnership with a company.

The new course was to be taught at Accenture’s office in Bangalore, with the XLRI faculty travelling from Jamshedpur. One capsule would be taught at the XLRI campus.

Now, with the first two batches of 32 and 34 students, respectively, having completed this course and another batch about to graduate, Shukla is ready to hand over the reins of the programme to his colleagues at XLRI.

It’s not only students who learnt a lesson, XLRI itself has gained from the experience, enough to experiment further. A month ago, it launched an online course in agriculture management in a tie-up with Ikisan.com, a portal owned by Nagarjuna Fertilisers and Chemicals Ltd.

XLRI’s experiments with Accenture are part of a growing trend of colleges willing to partner with companies to launch courses specific to their needs. For colleges, it is a chance to step out of the academic vacuum; they come in contact with industry specialists and formulate curriculums in partnership with industry. For companies, it is a chance to create an employable workforce.

“Instead of hiring from outside, (we needed to) organically develop talent internally,” said Anubhav Shrivastava, an HR professional with Accenture who is in charge of the academic tie-up.

Company-sponsored courses usually come with guaranteed employment. Most are paid for. At the XLRI-Accenture programme, fresh hires are selected by Accenture; they then sign up for the course, studying and working simultaneously

For employers, the courses can also be a way of inducting fresh hires into the company and retaining them. Bhavan’s Centre for Inter-Disciplinary Studies in Mumbai, run by educational trust Bharatiya Vidya Bhavan, offers various courses run by companies. Among the programmes are those from ICICI Prudential Life Insurance Co. Ltd and Tata Capital Ltd.

The three-month programme for Tata Capital is for graduates already hired by the company.

“Our main aim is to increase employability,” said Ram Maheshwary, director, Bhavan’s Centre. The school shares some faculty and is guided on curriculum by SP Jain Institute of Management and Research, a Mumbai business school, and three other schools.

Tata Capital said extensive research showed that a programme for fresh hires would be best in partnership with colleges rather than starting on its own.

“When you are a late entrant into a well-established business such as financial services, one of the advantage you come with is your ability to look for industry-best practices, see what best can be learnt from the environment around you, build upon and make it your own,” said Amar Sinhji, who heads human resources at Tata Capital, in reply to questions on email.

Company-sponsored programmes mean that executives who know the nitty-gritty of operating in that industry can also teach. The Tata Capital course at Bhavan’s Centre, for instance, has executives from that company taking classes. “We are gaining practical knowledge which we did not get from textbooks,” said Sirsanath Banerjee, 21, who graduated from Mumbai’s H.R. College of Commerce and Economics earlier this year, and is now attending the Tata Capital programme.

Colleges such as XLRI say they do not gain financially from company tie-ups as most companies have a shrewd idea of the cost of curriculum development, faculty and infrastructure. Maheshwary said Tata Capital pays his school at least Rs1 lakh per student (students don’t pay anything). In other courses, such as the one run by ICICI Prudential Life Insurance, the payment to the school is Rs35,000 per student.

But not all courses come with an employment guarantee with the sponsor company. XLRI’s online course with Ikisan.com (kisan means farmer in Hindi), while giving managerial skills to fresh graduates in agriculture, does not guarantee employment with the Nagarjuna group. The Rs45,000 fee is to be paid by the student.

Vijay Jesudassan, who heads the portal, said it will try to ensure that the “first batch is fully placed” by identifying jobs and forwarding resumes. He said Nagarjuna has a lot of in-house requirement for such talent, but the course does not guarantee a job in the company.

The academic tie-ups are being replicated in other countries. Accenture said it tied up with colleges in the Philippines and China last year to launch programmes which are modelled on the Indian programme with XLRI.

Tata Motors, Ashok Leyland fail to meet bus delivery deadline

The government has extended the date for delivery to 31 December because manufacturers are going slow

Delhi / Mumbai: A Rs4,000 crore Centrally funded initiative to boost public transportation in cities has been forced to slow down due to sluggish supply and missed deadlines.

Poor show: Only 283 buses have been delivered of the 11,431 that various state transport authorities ordered. Ramesh Pathania / Mint

Poor show: Only 283 buses have been delivered of the 11,431 that various state transport authorities ordered. Ramesh Pathania / Mint

Only 283 buses have been delivered of the 11,431 that various state transport authorities ordered from bus makers including Tata Motors Ltd and Ashok Leyland Ltd after the Union government said in January that it would provide financial assistance under the Jawaharlal Nehru National Urban Renewal Mission as part of a government stimulus package to buy the buses.The manufacturers have “absolutely failed” to meet delivery schedules, said Sanjeev Kumar Lohia, officer on special duty, transport, at the urban development ministry. “They are extremely slow” in delivering, he added.

The government has now extended the last date for the scheme to 31 December from 30 June.

The bus makers with whom orders have been placed would have to speed up deliveries with less than four months left to meet the new deadline.

Tata Motors, for instance, has delivered just 30 buses out of the 4,700 it has been asked to supply. Managing director Prakash M. Telang had said in end-August that the delay was due to the retrofitting required.

“As there are no standard specifications, it’s taking time in the initial phase,” Telang told Mint on the sidelines of the annual convention of the Society of Indian Automobile Manufacturers (Siam) in New Delhi.

Ashok Leyland declined to comment on the matter. It has delivered 111 buses out of 4,787 ordered.Volvo Bus India Pvt. Ltd has supplied 141 buses out of a total order of 500. The remaining orders for smaller buses have been placed with auto makers that include Mahindra and Mahindra Ltd, Eicher Motors Ltd, Swaraj Mazda Ltd and Force Motors Ltd. The data on orders and deliveries was provided by the urban development ministry.

Siam on its part held the state transport undertakings partially responsible for late placement of orders. Sugato Sen, senior director at Siam, said: “There has to be some gap between the placement of orders and execution of the same. It cannot happen immediately.”

However, Lohia said the urban development ministry had approved of buying 14,500 buses by 28 February and that some state undertakings had placed orders by March.

Sen also said it was unfair to expect manufacturers to supply the buses in a short time as they needed to be equipped with services such as passenger information systems, which would mean installing additional hardware and software.

The ministry has also set certain design and engineering specifications. For instance, at least 20% of buses for cities of at least a million residents had to be low-floor ones with a ground clearance of up to 400mm.

Some experts have even questioned the rationale behind such a one-time funding to spur auto makers to manufacture buses suited for urban public transport.

Geetam Tiwari, associate professor, transportation research and injury prevention programme in the department of civil engineering at the Indian Institute of Technology, Delhi, said the industry has no incentive to build better buses.

“There is no seriousness to invest in special infrastructure for buses. Moreover, the current tax regime also does not favour bus use,” she said. “Why should the industry invest in manufacturing better buses?”

ICICI Venture plans to raise $800 million

The key man clause, part of limited partnership agreements, protects investors in the event of any key employee’s exit from the fund

Mumbai: ICICI Venture Funds Management Co. Ltd, the private equity (PE) subsidiary of India’s largest private sector lender, is ready to float a $500 million (Rs2,420 crore) equity fund with an option of retaining another $300 million, its first attempt to raise money from investors after the exit of its high-profile former chief executive officer (CEO) Renuka Ramnath.

ICICI Bank Ltd will chip in with 10% of the size of the fund. The PE firm has also received commitments of about Rs1,000 crore from domestic institutional investors and high networth individuals.

Major plan: ICICI Venture’s managing director and chief executive officer Vishakha Mulye plans to cap the size of the $810 million India Advantage Fund Series 2 at $583 million, 72% of its original corpus. Ashesh Shah/Mint

Major plan: ICICI Venture’s managing director and chief executive officer Vishakha Mulye plans to cap the size of the $810 million India Advantage Fund Series 2 at $583 million, 72% of its original corpus. Ashesh Shah/Mint

Four months into her new assignment, Vishakha Mulye, ICICI Venture’s new managing director (MD) and CEO, is also planning to cap the size of the $810 million India Advantage Fund Series 2 at $583 million, 72% of its original corpus.This may have been triggered by the “key man clause” being activated by the exit of Ramnath.

The key man clause, part of limited partnership agreements, protects investors in the event of any key employee’s exit from the fund.

So far, ICICI Venture received 72% investment commitments and invested in 20 companies. It cannot make any new investments because of Ramnath’s exit.

Mulye is exploring the possibility of giving investors in the $810 million fund the option to move the balance commitments to the new $500 million fund, a source familiar with the development said. Mulye declined to comment on the issue.

“Nearly all private equity funds have this key man clause as a security mechanism for the key management to continue till the tenure of the fund or till the investments are encashed,” said Manikkan Sangameswaran, managing director of Bridge Link Advisors, a firm that advises infrastructure companies.

The key man clause also makes the main fund managers have a “skin in the game”, either by putting their own money in the fund or making them eligible for incentives, known as “carry forward”, at the end of the tenure of the fund, Sangameswaran said. These incentives are usually linked to the total returns on the investments after a fund is liquidated.

“Skin in the game” is a term coined by renowned investor Warren Buffett, referring to a situation in which high-ranking insiders use their own money to buy stock in the company they are running.Mulye said she also has plans to float an infrastructure fund.

The government has just begun roadshows to attract foreign investors in national highway projects. Kamal Nath, minister for road transport and highways, expects Rs1 trillion investment to build roads.

ICICI Bank is involved in Nath’s roadshows. Mulye is keen to invest in road projects as well as in smaller power projects.

Currently, ICICI Venture is managing at least $2 billion invested across various sectors.

Events Today – Hyderabad

Art
Group Show
Friday, September 11th, 2009. 11 a.m. to  5 p.m.
Kalakriti, 468, Road No.12, Banjara Hills. An exhibition of paintings by various artists like Arinda Varma, Ganesh Pasupuleti, Pabitra Das, Rebecca Gupta and others will be on display.

Special Events
Anniversary Celebrations
Friday, September 11th, 2009. 10 a.m. to  11 p.m.
Marriott Hyderabad, Tank Bund Road. Marriott group is announces its 10th anniversary celebrations. During the celebratory time, Marriott properties in India offers stay and pamper packages especially for their loyal client base across the nation.

Crime Festival
Friday, September 11th, 2009.
British Library, Saifabad. British Library is displaying the best of Crime authors ranging from the Queens of crime Agatha Christie to the king of crime fiction Colin Dexter. Many other award winning books are part of the display. The collection ranges from the classics to the contemporary collection and covers various authors like Ian Rankin, Andy McNab, Tom Rob Smith, Sopihe Hannah, Graham Hurley, Natasha Cooper, Simon Kernick, Ruth Rendell, Irvine Welsh and many others.

Eating Out
Ramadan Special
Friday, September 11th, 2009. 11 a.m. to  10 p.m.
Ofen, Road No.10, Banjara Hills. Ofen is offering authentic Arabic sweets like Baklawa, Basbusa, Umali, date squares and more in custom made platters for Ramadan & Exclusive Hand crafted Exquisite Chocolates in different packages which can be customized for Diwali. Also available are the Lebanese platters and Iftaar platters, with Falfil, Fatayer, Kibbeh, Humus, toboleu and mutable for the Ramadan season.

Kerala Sadhya
Friday, September 11th, 2009. 7 p.m. to  11:30 p.m.
Aditya Park Hotel, Aditya Trade Centre, Ameerpet. A sumptuous buffet spread of vegetarian and non-vegetarian dishes consisting of Avial, Thoran, Appam, Puttu, Chemeen Perattiyathu, Karimeen Porichathu and many more for the festival.

Evening Snacks
Friday, September 11th, 2009. 4 p.m. to  6 p.m.
Promenade, Aditya Park, Ameerpet. An array of South and North Indian snacks and light meals at the Promenade.

Happy Hours
Friday, September 11th, 2009. 4 p.m. to  8 p.m.
The Bar, Novotel Hyderabad Airport, Shamshabad. The Bar at Novotel is having happy hours, during when, they offer a complimentary drink on purchase of every drink.

Midnight Biryani
Friday, September 11th, 2009. 11:30 p.m. to  3 a.m.
Tulips, Hotel Greenpark, Greenlands, Begumpet. Tulips is serving an array of vegetarian and non-vegetarian biryanis. Other delicacies like Haleem, Sheermal, Paneer Burjee and desserts are also available.

Movers and Shakers
Friday, September 11th, 2009. noon to  3 p.m.
Arena, Taj Deccan, Road No.1, Banjara Hills. Enjoy some scrumptious shakers like blue berry, apple, banana, kiwi milk shakes and others.

Southern Delicacies
Friday, September 11th, 2009. noon to  3 p.m.
Deccan Pavilion, Hotel ITC The Kakatiya, Begumpet. The coffee shop is offering authentic Hyderabadi biryanis and delicious kebabs along with other Chinese and continental cuisines. Also on the menu are soups, salads, cold cuts, pastas and desserts.

Snacks and Desserts Buffet
Friday, September 11th, 2009. 4 p.m. to  7 p.m.
Sweet Nirvana, Kavuri Hills, Madhapur. A variety of savory snacks such as chicken barbeque and desserts will be served along with lemonade.

Nightlife Top
Lounge Music Nights
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Dublin, Hotel ITC The Kakatiya, 6-3-1187, Greenlands, Begumpet. Rocking party tracks and lounge music from in-house DJ Daman.

From Goa With Love
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Seasons Bar, Taj Krishna, Road No.1, Banjara Hills. Singer Wahida belts out hit songs from 70s, 80s to latest chart busters.

Russian Melodies
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Atrium Bar, Taj Deccan, Road No.1, Banjara Hills. Russian singer Polina will perform at the bar. She is versatile and covers a wide variety of world styles, from contemporary popular repertoire to retro and hip-hop.

Ladies Night
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Soul 6-3-885/7 4th Floor Saphire Square, , Somajiguda DJ Rafiq and Joe are all set to play house, progressive, underground, techno and rock music tonight.

Rock and Retro Night
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Firangi Paani City Center, BJN Floor , Banjara Hills In-house DJs Christy and Amar are all set to play Rock, retro, house and desi tonight. Drinks will be on the house for the Ladies.

Desi Nights
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Escape -The Fun Place Hotel Green Park, Greenlands , Begumpet DJs Sunny and Moiz will entertain the crowd with rock, house and Bollywood music tonight.

Retro Night
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
10 Downing Street #10, Lifestyle Building, My Home Tycoon , Begumpet DJ Ananth will be spinning some famous Rock, retro and underground music tonight.

Hip-Hop Night
Friday, September 11th, 2009. 9 p.m. to  10:45 p.m.
Zouk Zouk, Ashoka Metropolitan Mall , Road No.1,Banjara Hills House and lounge music by in-house DJs Bobby and Daryl.

Corporate Nights
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Venom IV Floor, Lumbini Jewel Mall , Banjara Hills Venom is offering attractive packages for the corporates. The packages vary depending on the people and includes unlimited drinks and snacks. Hip-Hop music from DJ Shekar will entertain the crowd tonight.

DJ Night
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Leonia , Shameerpet DJs Gopi and Harsh will be here tonight and will play the best of Lounge and hip-hop at the mini water park.

Club Nights
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Liquids Again Bhaskar Plaza , Road No.1,Banjara Hills DJ Abhishek will play desi and club music tonight.

Electrohouse Night
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Rock On Katriya De Royale, #6-3-870, Balayogi Paryatak Bhavan , Begumpet DJ Anand spins some rocking music tonight.

Funk Music Night
Friday, September 11th, 2009. 9 p.m. to  11:45 p.m.
Athena Near Durgam Cheruvu , Jubilee Hills Party at the most exhilarating club ambience with the DJ.

Rock Night
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Ahala – The Drama Lounge Hotel Taj Krishna , Banjara Hills Take a trip down memory lane with DJ Suman as he plays some ever lasting hits from 70s, all the way to the 90s.

Music
Steve : Solo Show
Friday, September 11th, 2009. 7:30 p.m. to  11 p.m.
Leonia , Shameerpet A solo vocal performance by renowned singer Steve. He will sing to the requests of the guests.

Jugalbandi
Friday, September 11th, 2009. 8 p.m. to  11:45 p.m.
Leonia , Shameerpet Two guest artists will perform a jugalbandi with sitar and santoor.

Exhibitions
Traditional Fare
Friday, September 11th, 2009. 11 a.m. to  8:30 p.m.
Kalinga Cultural Trust, Road No.12, Banjara Hills. Exhibit of traditional handicrafts and handloom products organized by Garvi Gujrari.

Shopping
Sale
Friday, September 11th, 2009. 11 a.m. to  8:30 p.m.
Also, 8-2-879/B, Opp. Saptaparini, Road No.8, Banjara Hills The boutique is having a discount sale on collection by Rohit Bal, Wild Orchids, Varun Bhal, Kotwara and other designer wear.

Season Sale
Friday, September 11th, 2009. 11 a.m. to  9 p.m.
Planet Sports, Shop No.1-2, Afzia Towers, Opp. Lifestyle, Begumpet. The showroom is offering a 20% discount on apparel for women and men.

I Anniversary Celebrations
Friday, September 11th, 2009. 11 a.m. to  8 p.m.
Sri Krishna Silks, 3-2-102, General Bazar Avail up to 100% cash back, gold and silver coins and assured gifts on every purchase, on the eve of I anniversary celebrations.

Designer Sale
Friday, September 11th, 2009. 11 a.m. to  8 p.m.
Ritu Kumar, 476, Milestone, Road No.10, Banjara Hills. The boutique is offering sale on suits and on party wear collection. New collection of apparel is on display as well.

Precious Diamonds
Friday, September 11th, 2009. 11 a.m. to  8 p.m.
Kiah, Near Babu Khan Mall, Somajiguda. The diamond boutique store is displaying its new collection on diamonds for party and wedding wear. Get up to 20% off on the same.

Kurta Festival – Eid Special
Friday, September 11th, 2009. 11 a.m. to  9 p.m.
New Meena Bazar, Abids. The store is has an exclusive range of reviting kurtas, pyjamas and sherwanis, featuring Lucknowi, Chikandari, Kashmiri works, Brocades and thread embroidery in exotic range of colors and designs. The fabrics used to create these masterpieces include plain cotton, crushed cotton, cotton silk, linen tissue silk and ploy silk.

Business
IGBC – 2009
Friday, September 11th, 2009. 11 a.m. to  6 p.m.
HICC, Novotel and HICC Complex, Hitech City, Madhapur. The theme for the current edition of Green Building Congress is ‘Affordable Green Buildings’. The objectives are to showcase green building product services and technologies and to facilitate networking, promotion of business opportunities and market transformation.