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  • ‘Missile Man’, Bharat Ratna and former president APJ Abdul Kalam passes away July 28, 2015
    'Missile Man', Bharat Ratna and former president APJ Abdul Kalam passes away

    ‘Missile Man’, Bharat Ratna and former president APJ Abdul Kalam passes away

    Former President APJ Abdul Kalam, the ‘missile man’ who came to be known as ‘People’s President’ died on Monday after suffering a heart arrest during a lecture at IIM Shillong on Monday evening. Here he is seen standing inside of the place where Socrates was imprisoned, at the foot of the Acropolis hill in Athens, 27 April, 2007. Reuters


  • A.P.J. Abdul Kalam Biography(Childhood & Early Life) July 28, 2015

    Little did Jainulabdeen and Ashiamma know that their son would grow up to be the first citizen of India. An Indian scientist and administrator, Kalam served as the 11th President of India from 2002 until 2007. One amongst the most respected people of the country, Kalam contributed immensely both as a scientist and as a president. His contribution at the Indian Space Research Organization (ISRO) was immense. He was responsible for numerous projects such as Project Devil and Project Valiant and launch of the Rohini-1, besides developing missiles under the missions Agni and Prithvi. For the same, he was popularly tagged as the “Missile Man of India”. Kalam was honored with great laurels and awards for his work by both the Government of India and other countries. After completing his term as President, Kalam served as a visiting professor in various esteemed institutes and universities of India.

    Childhood & Early Life

    A.P.J. Abdul Kalam was born to Jainulabdeen and Ashiamma on October 15, 1931. He came from a family whose financial conditions weren’t sound enough. As a means to support his family’s meagre income, Kalam took up odd jobs in his childhood but never gave up on his education. EDIT
    He graduated from Saint Joseph’s College, Tiruchirappalli in 1954 but not satisfied with his degree, he left for Madras later next year to study aerospace engineering. He enrolled at the Madras Institute of Technology (MIT). EDIT


    After graduating from MIT, Kalam took up the position of chief scientist at the Aeronautical Development Establishment of Defense Research and Development Organization (DRDO). However, the profile didn’t appeal Kalam much who shifted to the Indian Space Research Organization (ISRO) where he was the project director of India’s first indigenous Satellite Launch Vehicle.

    His years at the ISRO were the most crucial ones, as they left a lasting impact on him. Kalam lead many projects and turned out to be successful each time.

    In the 1970s, Kalam directed two projects, namely, Project Devil and Project Valiant, which sought to develop ballistic missiles from the technology of the successful SLV programme. EDIT
    A milestone was achieved when locally built Rohini-1 was launched into space, using the SLV rocket. Upon watching the raving success of Kalam, the government agreed for initiation of an advanced missile program under his directorship. He played a pivotal role in developing missiles under the missions Agni and Prithvi. EDIT
    Kalam was the Chief Executive of the Integrated Guided Missile Development Program (I.G.M.D.P) which researched in simultaneous development of a quiver of missiles instead of taking planned missiles one by one. EDIT
    From 1992 until 1999, Kalam was appointed as the Chief Scientific Adviser to the Prime Minister and the Secretary of Defence Research and Development Organisation. It was during this time that Kalam served as the Chief Project Coordinator for Pokhran II nuclear tests, after which he was fondly called the “Missile Man of India”. EDIT
    Kalam succeeded K. R. Narayan to serve as the 11th President of India from 2002 until 2007. It was a highly one-sided contest. With his appointment, Kalam became the first scientist and first ever bachelor to occupy the Rastrapati Bhawan.

    During his tenure as a President, Kalam was both appreciated and criticised. The latter was mostly due to his inaction in deciding the fate of 20 mercy petitioners. EDIT
    In addition to all the profiles that Dr Kalam held, he authored numerous influential and inspirational books. Amongst all his books, “India 2020” was the widely read and appreciated one. It forecast an action plan which advocated India turning into a knowledge superpower and as one of the developed nations of the world by the year 2020. His other books include, “Ignited Minds”, “Mission India”, “Inspiring Thoughts” and “The Luminous Sparks”.
    In 2011, he launched his mission for the youth of the nation called the “What Can I Give Movement” with the main aim to defeat corruption in India. EDIT
    After completing his term as President, Dr Kalam served as visiting professor in various esteemed institutes and universities of India, such as Indian Institute of Management Ahmedabad and Indore. He also served as Chancellor of Indian Institute of Space Science and Technology Thiruvananthapuram, Aerospace Engineering at Anna University

    A.P.J. Abdul Kalam Biography

    A.P.J. Abdul Kalam Biography

    Awards & Achievements

    Kalam was the proud recipient of Padma Bhushan, Padma Vibhushan and Bharat Ratna awards from the Government of India. He received the same in the years 1981, 1990 and 1997, respectively. EDIT
    In 1997, he was honored by the Government of India with the Indira Gandhi Award for National Integration. EDIT
    Later, the next year, he was awarded the Veer Savarkar Award by the Government of India. EDIT
    The Alwars Research Centre, Chennai bestowed Kalam with the Ramanujan Award in the year 2000. EDIT
    Kalam was honored with the King Charles II Medal by the Royal Society, U.K in 2007. EDIT
    The California Institute of Technology, U.S.A presented Kalam with the International von Karman Wings Award in the year 2009. The same year, he won the Hoover Medal by ASME Foundation, USA. EDIT
    The IEEE honored Kalam with IEEE Honorary Membership in 2011. EDIT
    Kalam was the proud recipient of honorary doctorates from 40 universities. EDIT
    In addition to this, Kalam’s 79th birthday was recognised as World Students’ Day by United Nations. EDIT
    He was nominated for the MTV Youth Icon of the Year award in 2003 and in 2006.


  • APJ Abdul Kalam July 28, 2015

    Born – 15 October 1931

    Achievements – This eminent scientist and engineer has also served as the 11th President of India from the period 2002 to 2007. APJ Abdul Kalam is a man of vision, who is always full of ideas aimed at the development of the country. He firmly believes that India needs to play a more assertive role in international relations. Apart from being a notable scientist and engineer, Dr APJ Abdul Kalam served as the 11th President of India from the period 2002 to 2007. He is a man of vision, who is always full of ideas aimed at the development of the country and is also often also referred to as the Missile Man of India. People loved and respected Dr APJ Abdul Kalam so much during his tenure as President that was popularly called the People’s President. Read more about the biography of Dr APJ Abdul Kalam here. APJ Abdul Kalam was born on 15 October 1931 at the South Indian state of Tamil Nadu and received honorary doctorates from about 30 universities globally. In the year 1981, the Government of India presented him the nation’s highest civilian honor, the Padma Bhushan and then again, the Padma Vibhushan in 1990 and the Bharat Ratna in 1997. Before Kalam, there have been only two presidents – Sarvepalli Radhakrishnan and Zakir Hussain – to have received the Bharat Ratna before bring appointed to the highest office in India. Read on about the life history of Dr APJ Abdul Kalam, who’s also the first scientist and bachelor to occupy the seat of the Rashtrapati Bhavan. His perspectives on important topics have been enunciated by him in the book ‘India 2020′. It highlights the action plans that will help develop the country into a knowledge superpower by the time 2020. One thing for which he received ample kudos is his unambiguous statement that India needs to play a more assertive role in international relations.


  • Confidence booster: Indiabulls Real Estate raises Rs 538 cr from promoters July 23, 2015

    India bulls Real Estate Ltd has raised Rs 538 crore by alloting over 8 crore securities, including equity shares, to promoter group companies.

    In a filing to the BSE, the company said it has “issued and allotted an aggregate of 3.67 crore equity shares of face value of Rs 2 each at the issue price of Rs 67 per share, and 4.36 crore warrants, convertible into equivalent number of equity shares of face value of Rs 2 each at an exercise price of Rs 67 per equity share to the promoter group entities namely, SG Infralands Pvt Ltd and SG Devbuild Pvt Ltd.”

    As on June 30, the promoters had 37.73 per cent stake in the company. Its share price today rose by 8.16 percent to Rs 55.70 apiece on the BSE.

    “Consequent to the said allotment, the paid-up equity share capital stands increased to Rs 92,33,55,478 divided into 46,16,77,739 equity shares of face value Rs 2 each,” the filing added.

    Last month, Indiabulls Real Estate’s board had approved the preferential offer and issue of up to 3.67 crore shares and up to 4.36 crore warrants to the promoter group entities at an issue/conversion price of Rs 67 per share.

    “The total equity investments by the promoters would amount to Rs 538 crore in the company, post conversion of warrants,” it had said.

    Read More>>

  • Get Pricing Right to Come Out of Woes: HDFC to Realtors July 7, 2015
    Get Pricing Right to Come Out of Woes: HDFC to Realtors

    Get Pricing Right to Come Out of Woes: HDFC to Realtors

    New Delhi: Coming hard on property developers, mortgage lender HDFC’s chairman, Deepak Parekh, has said they are unrelenting on pricing despite a growing inventory of unsold housing units.

    Eminent banker Mr Parekh also asked the developers to shift their focus away from high-end luxury housing and said, “Real demand is in the affordable housing segment.”

    Mr Parekh, known for his frank views, said many construction companies were hamstrung with over-leveraged balance sheets, while he also flagged delays in completion of projects because of developers trying to “deviate from standard building norms by paying to flout rules”.

    “Such malpractices are hazardous for all,” he said, adding that the developers must ensure strict adherence to ethical building codes and standards.

    “A regime that shuns ‘speed money’ and focuses only on ‘speed’ would go a long way in improving affordability in the housing sector,” the HDFC chairman said in his annual letter to the shareholders.

    Read More.

  • Google CEO Sundar Pichai is a strategist who loves challenges, say former schoolmates August 11, 2015

    The biggest news of the day is Sundar Pichai being appointed as CEO of Google, one of the top technology companies in the world. Sundar Pichai did his schooling in Chennai and his alma mater Vanavani Matriculation Higher Secondary School couldn’t be prouder of him.

    During the school assembly at Vanavani today, the proud principal Kaveri Padmanabhan shared Sundar Pichai’s stellar achievement with the students. “We are absolutely proud of what Sundar Pichai, a Vanavanian, has achieved,” says an elated Padmanabhan. “It is indeed very inspiring for all our students,” she added. Now, Vanavani hopes that Pichai will make a visit at some point to the school, which will be another proud moment for them.

    Entrepreneur Murugavel Selvam, who was Pichai’s senior in school, recalls, “We all knew him to be a shy but hardworking boy. Pichai’s dad was also an engineer. He hails from middle class background. I think he learnt a lot from his father.”

    Vanavani Matriculation Higher Secondary School, Google, Sundar Pichai

    Vanavani Matriculation Higher Secondary School, Google, Sundar Pichai

    Another schoolmate of his, Pattu Subramanian, head of logistics at the BMW plant in Chennai, says, “I remember him as ever-smiling, quiet and mostly bookish. He seemed to be focused on his career. Since Vanavani is in the IIT campus, the goal for most students was to end up in one of the IITs and we always thought he would go to IIT. Those into computers would try for Kanpur or Kharagpur and Pichai got into Kharagpur.”

    As for Pichai’s rise to the top as CEO of Google, Selvam says that they have been diligently following his career graph. “Pichai has had a meteoric rise and it makes us all very proud. It’s very inspiring as well. I’m sure the staff and students of our school are elated!” he says.


  • Home buyers turn to Pune, Bangalore, Hyderabad for lower realty rates July 13, 2015

    New Delhi, July 13 — Home buyers in India are increasingly turning to new cities such as Pune, Hyderabad and Bangalore, where real estate prices are still relatively lower. It was a different picture three years ago when demand from Mumbai, Delhi and the National Capital Region was the maximum, banking sources said.

    Interestingly, consumers who are 35 years or below, are driving growth in this segment.

    “With interest rates on home loans starting to ease in 2015-16, there has been a renewed interest in the segment,” a senior executive at a large private sector bank told HT. Most banks are currently charging interest rates below 10%.

    “In the last few years, Pune has managed to position itself as a city that offers great living conditions,…


    Read More.

  • How UPA govt subsidies contributed to the real estate bubble July 22, 2015

    One of the points that I have made over and over again in the columns that I have written on black money is that the Narendra Modi government needs to concentrate on domestic black money as well.

    Since coming to power in May last year, the Modi government has made a lot of noise and come up with legislation on trying to curb the black money leaving the shores of this country. Black money is essentially money which has been earned but on which tax has not been paid.

    Nevertheless, it is important to realise that ultimately almost all the black money is domestic i.e. it is generated within the country when people earn money (through legal or illegal means) and do not pay any tax on it.

    Given this, it is more important to concentrate on trying to bring down the total amount of black money being generated instead of trying to get back the black money that has already left India. One way to do this is to get more people under the income tax net. Efforts are being made on this front.
    A PTI report points out that: “The income tax department has launched an ambitious drive to bring under its net 10 million new taxpayers, after the government recently asked the official to achieve the target within the current financial year.”

    How UPA govt subsidies contributed to the real estate bubble

    How UPA govt subsidies contributed to the real estate bubble

    Region wise targets have been set. Pune leads the list with a target of more than 10 lakh new assesses. This is an interesting move and if it is successful this will lead to more people paying income tax and hence, the total amount of black money within the system will come down.

    When the total amount of black money comes down, lesser black money will go into real estate. And this will help in ensuring that only those who really want homes to live in,will buy. This will help in controlling real estate prices.

    Other than getting more people to pay income tax, the government also needs to concentrate on blocking leakages on the subsidy front. In 2004-2005, the total subsidies offered by the government stood at Rs 47,432 crore. By 2013-2014, this number had ballooned to Rs 2,54,632 crore. The total subsidies of the government had jumped by 5.4 times during the period. In comparison, the total expenditure of the government had jumped by only 3.15 times.

    Read More>>

  • HS Ad India Bags Creative Duties of Central Park Real Estate Developers July 31, 2015

    Central Park, a real estate brand, has empanelled HS Ad India as their creative agency. The account was given after a rigorous multi-agency pitch process that lasted over two months. HS Ad will look at all aspects of brand building and partner the brand in its next level of growth.

    JWT, Delhi was the incumbent on the account.

    Central Park has mandated the agency to very clearly focus on brand building and then take the equity forward for developing new project campaigns. This includes Branding, Print Campaigns, OOH, POS and Collaterals, for various new projects, being launched in the near future.

    Commenting on the association, Amarjit Bakshi, Managing Director, Central Park said, “We want our communication partners to not just work for projects but also assimilate what our brand stands for and showcase the same in the work. With HS Ads, we not just found the zeal and willingness to go beyond the ordinary but also excellent understanding of where we want to reach and position ourselves as an Ultra-Luxury Real Estate Brand.”

    Commenting on the win, Nitin Makdani, Business Head & VP at HS Ad India said “With a beautiful existing property and many exciting new launches by Central Park, the team is looking forward to develop fresh and exciting work in the real estate category, otherwise flushed with celebrity faces and hollow promises.”


  • Indian real estate sector becomes more attractive July 29, 2015

    Real Estate landscape in India is poised for change since the sector which was considered unorganized and plagued with challenges is now seeing a breath of fresh air with the entry of big corporates into the market

    Indian real estate sector becomes more attractive

    Indian real estate sector becomes more attractive

    Real Estate landscape in India is poised for change since the sector which was considered unorganized and plagued with challenges is now seeing a breath of fresh air with the entry of big corporates into the market. The presence of established corporate names is ameliorating the situation with branded names like Tatas ushering in best practices and helping to professionalize the industry. These brands also help consumers to negotiate deals at a better price compared to other unorganized players increasing their competitive edge and help bring in trust which is of paramount momentum. The presence of conglomerates is helping buyers to know about the key information about the builders’ track record, quality of completed projects and overall customer satisfaction. Tata Housing- a Developer whom you can trust One of the most trusted Brands ‘Tata Housing’ has always been associated with the growing real estate market in India.

    The company is recognized for its quality construction, ethical and transparent business practices. The company remains dedicated to adopting sustainable environment friendly features like excellent indoor air quality & day lighting, better health & wellbeing of the occupants, more efficient homes in terms of power and water savings. Reaching Out to Consumers As a comprehensive real estate developer, Tata Housing caters to all consumer segments from value housing to luxury. Understanding the consumer needs and to help in ease of buying property in India, Tata Housing pioneered the concept of online home buying by selling houses online through the ‘Great Online Shopping Festival’ in December 2013 and soon after that it launched its flagship online property ‘National Home Buying Day’. Integrating with this, the company also launched first-of-its-kind online property exhibition in line with the efforts to improve the consumer experience in the virtual space.


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