Barbeque-Nation Hospitality Limited Files IPO Papers with SEBI

Bangalore based Barbeque-Nation Hospitality Limited, one of India's leading casual dining restaurant chains according to the Technopak Report., filed its Draft Red Herring Prospectus (DRHP) with the market regulator SEBI seeking permission for its Initial Public Offering (IPO). 

The IPO comprises of a fresh issue of up to Rs. 2,000 million and Offer for sale of up to 6,179,000 equity shares comprising an Offer of Sale of up to 109,800 equity shares by Aajv Investment Trust, up to 4,729,200 equity shares by Tamara Private Limited, up to 400,000 equity shares by Azhar Dhanani, up to 270,000 equity shares by Kayum Dhanani, up to 270,000 equity shares by Sanya Dhanani and up to 400,000 equity shares by Sadiya Dhanani, 

The offer includes a reservation of up to 150,000 equity shares, for subscription by eligible employees

The equity shares will have a face value of Rs 5 and the price band will be decided in consultation with the Book Running Lead Managers (BRLMs).

  

The Net Proceeds from the Issue will be utilized towards  (i) setting-up of new Barbeque Nation restaurants in India; (ii) Repayment or prepayment of loans of the  Company and Subsidiaries; (iii) General corporate purposes

IIFL Holdings Limited, Edelweiss Financial Services Limited, Jefferies India Private Limited and SBI Capital Markets Limited are the book running lead managers to the issue and Link Intime India Private Limited is the Registrar.

Barbeque Nation Hospitality Limited: Barbeque Nation Hospitality Limited (BNHL) owns and operates Barbeque Nation Restaurants, one of India's leading casual dining restaurant chains according to the Technopak Report. The first Barbeque Nation Restaurant was launched in 2005 by Sayaji Hotels, one of the company’s promoters. Five Barbeque Nation Restaurants owned by Sayaji Hotels were transferred to BNHL in 2012. The company has steadily grown its owned and operated Barbeque Nation Restaurant network from a single restaurant in Fiscal 2007 to 81 Barbeque Nation Restaurants in 42 cities in India (including one currently under renovation) and one restaurant in Dubai as of June 30, 2017. In addition, as of June 30, 2017, it had granted the franchise rights of one Barbeque Nation Restaurant.

Lufthansa Begins the Search for India’s Most Innovative SMEs in Bengaluru on August 12, 2017

Celebrating the spirit of Indian entrepreneurship, Lufthansa Runway to Success enters its fifth season in search of India’s most innovative Small and Medium Entrepreneurs (SMEs). Conceived and developed by Lufthansa in partnership with the business experts at TiE, Lufthansa Runway to Success recognizes and nurtures potential leaders by encouraging SMEs to come forward and share their vision with some of the best known names in the Indian business industry. Focused on discovering, mentoring and rewarding potential leaders of tomorrow, the Lufthansa Mentorship Camps are being held across key regions nationally namely Ahmedabad, Pune, Chennai, Jaipur, Kochi, Chandigarh, Bengaluru, Hubli and Hyderabad.

On August 12, 2017, Lufthansa invites young and aspiring entrepreneurs in Bengaluru to share the story of their unique business ventures and provided an opportunity to them for meeting with industry icons, receive mentorship from business experts, investors, VCs, accelerators, industry associations, service organizations, corporates and more. The Lufthansa Runway to Success regional mentorship camp by TiE Bangalore was held at NS Raghavan Centre of Entrepreneurial Learning (NSRCEL), Bannerghatta Road, Sundar Ram Shetty Nagar, Bilekahalli, Bengaluru from 11:30 a.m. – 03:30 p.m.

Over the past 4 years Lufthansa Runway to Success platform has grown exponentially into a nationwide campaign and has witnessed a diverse portfolio of over 150,000 budding entrepreneurs. Wolfgang Will, Senior Director, South Asia, Lufthansa Group shared, “Entrepreneurs are a very important target group for Lufthansa in India. And Runway to Success brings alive for this audience our philosophy of Nonstop You and our promise of striving to be More Indian Than You Think. This season, we are excited to further expand our outreach with mentorship camps at start-up hubs like Bengaluru.”

Bengaluru occupies a unique position in the startup world and has fast emerged as one of the promising startup hubs in the country. The ecosystems emerged due to the initial foundation laid in the form of government–industry–academia and their interactions leading to the emergence of a modern industrial cluster followed by an information technology and biotechnology cluster, which then led to R&D cluster serving the city. 

The joint program by Lufthansa and TiE, will endow participants with the knowledge and skillset to enhance their competitiveness, provided them an exclusive access to resources, like-minded peers, business connections, and inspiring mentors. SMEs in Bengaluru will benefit from ‘guru sessions’ with celebrated entrepreneurs, along with individual guidance by experienced mentors like Avinash Sabharwal, Managing Director- Accenture Ventures and Open Innovation, Accenture in India; Madhuri Hegde, Founder & CEO, Mayflower Language Services; Satish Mugulavalli, YourNest Venture Capital; Anjana Vivek, Founder Director, VentureBean and Vaitheeswaran K, Serial Entrepreneur, Author.

“Lufthansa and TiE Delhi-NCR have been working closely together for the past 5 years to build Lufthansa Runway to Success as a platform to nurture future business leaders in India“, shared Geetika Dayal, Executive Director, TiE Delhi-NCR. “Guru Sessions at Lufthansa Runway to Success Mentorship camps held by TiE Chapters across the country provide a platform for experts to pass on valuable insights and business lessons that they have learned through experience. We hope that the participants get a better understanding of entrepreneurship for their entrepreneurial journey” added Geetika.

Lufthansa Runway to Success Mentorship camps will culminate at a Startup Expo, a large standalone event by any corporate house, in DelhiNCR during latter half of August 2017.

Samsung Unveils Versatile All-In-One Laundry System in Bengaluru

Samsung India has introduced its revolutionary FlexWash, a washer-dryer combination that effectively integrates two washers and a dryer into one high performance appliance. The latest offering is a perfect blend of state of art technology, utility and aesthetics. South Indian Actress Shanvi Srivastava was present at the inauguration in Bengaluru.

Equipped with a range of core Samsung laundry technologies and features that includes the popular AddDoor, FlexWash is designed to offer users freedom and flexibility to customize their laundry routines, while providing a higher level of care for clothes to make them last longer.

An all-in-one solution for busy people striving to wash clothes in minimal time, the washing machine is available in 23 kg capacity to handle an optimal load. The multi-purpose solution uses three core Samsung laundry technologies – EcoBubble, Bubble Soak, and Vibration Reduction Technology (VRT Plus). EcoBubble uses air and water to dissolve detergent, creating a powerful bubble action for cleaning that is much faster and more effective.

The units are IoT-enabled and integrated with Smart Control, allowing users to operate and monitor the machine anytime, anywhere via their smartphones, letting them start and stop every cycle from the palm of their hand. The striking combination of ergonomics and convenience promises Indian consumers the added advantage of saving time. IoT devices are the future and Samsung, as a harbinger of innovation in technology, is ready to adopt this across its product portfolio.

 “Samsung has always been at the forefront of innovation that aims at creating products that cater to the evolving needs of our consumers. With the launch of FlexWash, we aim at making laundry even more flexible and convenient. Every feature in our latest innovation was designed with the consumer in mind,” said Rishi Suri, Director, Consumer Electronics, Samsung India. “We have witnessed a paradigm shift in the consumer behavior and innovative technologies like active DualWash and AddWash have received great response from users enabling us to consolidate our leadership in the segment,” he added.

FlexWash will be available from August 15, 2017 at Rs 1.45,000 MRP at all Samsung Brand Shops and at major retailers. 

NAREDCO 14th National Development Council & Exhibition to Chalk Out Post GST and RERA Industry Blue Print

The Karnataka Chapter of National Real Estate Development Council “NAREDCO Karnataka” is all head up for NAREDCO 14th National Convention to be held in New Delhi on August 28 & 29^, 2017. The 2 days convention will represent Karnataka Realty Sector; and will help take the provincial real estate sector on the national Diaspora. Strategic partnership with real estate and allied industries in rest of India, cross pollination of knowledge, resources, and personnel are the conventions key ingredients.

 The theme of this year’s Convention is “India Real Estate– Unfolding the new era of growth.” Against this backdrop, NAREDCO Karnataka chapter will explore various issues including transforming of Smart Cities & development of its real estate sector post-GST & RERA. The 2 days National Convention will witness Bureaucrats, Policy Makers, Experts, Leaders, Real Estate and Private Equity Players all under one roof.

Addressing the press conference organized to announce NAREDCO’s 14th National Convention,  Shakuntala Iyer, Chairperson, NAREDCO Karnataka said, “The time is just perfect for the real estate vertical owing to the favorable climate and noteworthy developments. Despite the fact that Post demonetization energies went low, the implementation of the Real Estate (Regulation and Development) Act and the Goods and Services Tax (GST) has infused a new zeal in this sector. This convention will bring forth a lot of ideas and inputs from national and international experts for re-strategising and accelerate business growth.  The state being a part of the signature event would facilitate increased insight and enthusiasm for the sector”.

Manoj Lodha, President, NAREDCO Karnataka said, “Real estate sector is one of the important sectors for every state and for the country as a whole, as it plays a vital role in India’s and state’s economy. With its multiplier effect, it has tremendous potential to drive the overall economic growth. It generates employment and its linkages with ancillary industries such as steel, paint, cement etc. make it an important sector. This national convention will give the common platform to International & National real estate players to exchange new technology ideas and open investment opportunities in the state like Karnataka which has 7 Smart Cities i.e. Bangalore, Belagavi, Davanagere, Hubli-Dharwad, Mangaluru, Shivamogga & Tumakuru.

Along with the National Convention, an exhibition to display new properties, technologies, products and materials for the benefit of the participants will also be organized at the same venue.

NAREDCO and its state chapters work in close coordination with central and various state governments to achieve its objectives, that is, promotion of housing and real estate sector in India and inculcate transparency and accountability for the benefit of the customers.

Advantage Healthcare India 2017 Global Summit on Medical Value Travel to Begin in Bengaluru on Oct 12

Advantage Healthcare India 2017, the third international summit on medical value travel (medical tourism) jointly organized by FICCI, Dept. of Commerce, Ministry of Commerce & Industry, Govt. of India, and Service Export Promotion Council (SEPC), will be held at Bengaluru from October 12-14, 2017.

The launch of the mega event was officially announced by Nirmala Sitharaman,  Minister of State (Independent Charge) for Commerce & Industry, Govt. of India, in the presence of Rita Teaotia, Secretary, Sudhanshu Pandey, Joint Secretary, and  Anup Wadhawan, Additional Secretary with Dept. of Commerce, Ministry of Commerce & Industry;  A Didar Singh, Secretary General, FICCI;  Naresh Trehan, President, SEPC, and other dignitaries.

Advantage Healthcare India 2017 is meant to promote India as a premier global healthcare destination and enable streamlined healthcare services exports. Over 70 countries and 600 hosted buyers from Africa, Middle East, Europe, US, UK, and Asia (including SAARC) would participate, with thousands of international and national business visitors.

Speaking on the occasion, Dr. A Didar Singh, Secretary General, FICCI, said: “Medical value travel can be a USD 9 billion opportunity for India by 2020. To fully exploit this potential, the country needs to diversify its sources of medical tourism and create a strong value proposition for foreign patients by focusing on perimeters like cost effectiveness, alternate medicine, clinical outcomes, tourism friendliness, accreditation, and patient centricity. Advantage Healthcare India 2017will bring Indian healthcare providers and global healthcare stakeholders under one roof. It will showcase India’s medical capabilities and create opportunities for healthcare collaboration between India and other nations to boost healthcare services exports. The last two summits have been a great success, and I look forward to the 2017 event being a great facilitator and enabler of Indian medical tourism.”

The medical value travel (MVT) industry has emerged as one of the fastest growing segments of Indian tourism industry. According to a FICCI-IMS report, more than 500,000 foreign patients seek treatment in India each year, making it a key medical tourism destination in Asia. However, coordinated efforts are required by key stakeholders to turn India into “The Provider to the World” and accelerate MVT growth from the existing 15% to 25%. The Indian medical tourism industry gets maximum patients for heart surgery, knee transplant, cosmetic surgery and dental care, as the cost of treatment here is considered the lowest in Asia, much lower than Thailand, Indonesia, Singapore and Hong Kong.

Advantage Healthcare India 2017, spread across three days, will have more than 40 speakers, 600 hosted buyers and over 5,000 business visitors. The exhibition will host more than 160 exhibitors to showcase medical services and expertise. Thousands of reverse buyer-seller meetings will offer opportunities for tie-ups with Indian hospitals and healthcare centers for medical tourism.

A Roundtable Session with Health Ministers from select countries will be organized to discuss issues encompassing medical value travel and formulate the way forward. They will also visit the Exhibition. The event will showcase India’s medical devices sector to encourage foreign companies to start manufacturing locally with Indian partners. Internationally renowned Indian doctors and AYUSH experts will deliver lectures on different topics.

A key highlight of the event will be Medical Value Travel Awards 2017 which will recognize and showcase innovations which have helped promote India as a premier medical travel destination.

Participants at Advantage Healthcare India 2017 would include international hospitals, government organizations, insurance firms, medical tourism organizations, global medical associations, medical journalists, doctors, and investors.

Advantage Healthcare India 2017 supporting partners include EEPC India and Pharmaceuticals Export Promotion Council of India (Pharmexcil).

Toyota’s Skill Excellence Program Recognized Under “Manufacturing Skill Transfer Promotion Program”

Toyota Technical Training institute today celebrated a decade of Toyota’s excellence in imparting world class skill training to the young talents of Karnataka from underprivileged background. Established by Toyota Kirloskar Motor in 2007 within the premises of Toyota’s manufacturing plant at Bidadi (near Bangalore), the institute confers certificate to   deserving students every year. Students are exposed to global training curriculum to generate skilled talent for the rapidly growing auto industry.

The convocation certificates to the 8^th batch of graduates were handed over by the Chief Guest Jamshyd N. Godrej - Chairman of the Board of Godrej & Boyce Manufacturing Company Limited in the presence of Akito Tachibana, Managing Director - Toyota Kirloskar Motor, Shekar Viswanathan, Vice Chairman and Whole-time Director - Toyota Kirloskar Motor, Yoshihiro Horinouchi, Deputy Managing Director - Toyota Kirloskar Motor, Sailesh Shetty, Vice President – Toyota Kirloskar Motor, Kan Asaine, Senior Vice President – Toyota Kirloskar Motor, V Wiseline Sigamani, Principal, Toyota Technical Training Institute, the faculty members and families of the graduating students. Other key guests who were present at the occasion were Takayuki Kitagawa, Consul General of Japan (Bangalore), Toshiaki Fukatsu, Principal – Toyota Technical Skill Academy, Japan.

In line with the company’s commitment towards the Government of India’s Skill India initiative, Toyota Technical Training Institute (TTTI) is a dedicated 3-year program that focuses on the holistic development of Knowledge, Skill and Body & ATTITUDE. With a structure that ensures the highest standard of education, the curriculum offers complete learning experience, along with basic subjects, recreational activities and comprehensive training on Automobile Assembly, Automobile Paint, Automobile Weld and Mechatronics (a combination of mechanical and industrial electronics). In addition, students are given practical training by applying the world renowned ‘Toyota Production Systems’ to the various manufacturing processes at Toyota plant in Bidadi.

Additionally from this academic year, a unique module “Karakuri” (“mechanism” or “trick”) is also introduced to the curriculum, which emphasis on Tools and Material handling. This method has been introduced and adopted in many leading manufacturing companies in Japan and highlighted as basic manufacturing technology as a key for low cost automation. Since establishment, the institute has trained 443 students who have been inducted at Toyota Kirloskar Motor, other Toyota Group companies & Supplier Partners. The students of TTTI can appear for NAC (National Apprentice Certificate) & ASDC (Automotive Skill Development Council) exams which enables them to secure Government recognized certificate/s enhancing their prospects further.

On Toyota’s relentless efforts to enhance a person’s employability in the automobile industry,  accentuating one of its founding principles – Human Development, the Toyota’s institute – TTTI was selected for “Manufacturing Skill Transfer Promotion Program’’ by the Government of Japan through Japan-India Institute for Manufacturing (JIM) certification in 2017. During the convocation ceremony, Mr. Kenko Sone, Minster (Economic & Development), Embassy of Japan, handed over the JIM certification to the Managing Director, Mr. Akito Tachibana of Toyota Kirloskar Motor. Announced after the talks between Honourable Indian Prime Minister Narendra Modi and Honorable Japanese Prime Minister Shinzo Abe, this skill-partnership under the signed Memorandum of Cooperation (MoC) provides an opportunity to facilitate the human resource  skill development in the manufacturing sector in India, which is expected to grow further more in the middle and long – term, through collaboration between the public and private sectors of both the countries in order to contribute to “Make in India” and “Skill India.”

Under India’s developing market scenario, with the launches of latest technologies by various auto manufacturers, there is a significant need for highly skilled service personnel. Toyota believes that they have a greater role to play in India than just manufacturing world class cars.  Toyota is focused on not just delivering first class products & services to the customers, but also building right set of talent pool that can create a sustainable business environment. The company has been tirelessly working towards enhancing the employability quotient in the automobile manufacturing industry in India by promoting unique skill development initiatives.

The JIM certification accorded to Toyota recognizes the institute’s seamless efforts towards its immense contribution in up-scaling the skill levels of the industry, where the underprivileged young talents are trained on Toyota’s global manufacturing skills & world renowned Toyota way practices contributing to their skill refinement making them employable, thus enhancing livelihood of these trainees. The students are exposed to Toyota Way of Manufacturing ‘Monozukuri’ and familiarized with the global concepts of ‘Lean Manufacturing’, Kaizen, Genchi Genbutsu. Training at TTTI is not restricted to classrooms and workshops alone. TTTI exclusively emphasizes on over all development of the trainees as per industry requirements & towards “Perfecting people” making them multi skilled & enthusiastic to the nation’s growth prospects. The TTTI degree holders will be accredited with certification by the Japan-India Institute for Manufacturing from next year (2018).

Sharing his views, Vikram S. Kirloskar, Vice Chairman – Toyota Kirloskar Motor said, “When we set out to start the Toyota Technical Training Institute in 2007, our mission was to find a solution to one of the biggest challenges faced by the manufacturing sector - increasing demand for the right set of talent pool. As we celebrate Toyota Technical Training Institute’s 10 years of skill excellence, I would like to express my appreciation to all those who have worked tirelessly towards making this institution what it is today.

Needless to mention, we at Toyota are privileged to be a part of Indo-Japan Skill Collaboration under “Manufacturing Skill Transfer Promotion Program”, aimed towards India’s Skill Drive. Toyota Technical Training Institute has been making significant contributions to the dynamic auto manufacturing industry, by offering Toyota’s global expertise and advanced technologies to design the holistic training modules suiting the industry, which has been recognised & certified by Japan-India Institute of Manufacturing (JIM). The TTTI students have been representing & competing in various skill contests in India & globally, winning several accolades over the years through their varied skill strengths imparted by the institute. It gives me immense pleasure to say that each student who has graduated today walks out with the best technical know-how and I wish them all a bright future.”

Congratulating the graduates, Akito Tachibana, Managing Director - Toyota Kirloskar Motor said, “Toyota as a company has always engaged in nurturing talents through enhanced skill levels. According to the findings by National Sample Survey, out of the 470 million people of working age in India, only 10% receive any kind of training or access to skilled employment opportunities*.  Through Toyota Technical Training Institute, our focus has been to offer students an opportunity to acquire technical skills of Toyota’s global concepts such as “Monozukuri” (Skilled Manufacturing), Kaizen (Continuous Improvement), Genchi Genbutsu (Go & See) & other best practices of Toyota. The institute also provides opportunities for the deserving individuals, developing them into good corporate citizens equipped with right attitude and spirit of challenge.

Today, as we celebrate this momentous occasion of being certified by Japan-India Institute of Manufacturing under Indo-Japan collaboration for Human Development, I am overwhelmed by the successful journey of Toyota Technical Training Institute started with a mission to tackle the skill challenge of the industry. We hope with the “Manufacturing Skill Transfer Promotion Programme’’ more and more young talents in India will get wider global skill exposure. This partnership also creates a platform for knowledge sharing between the training institutes of both the nations (India & Japan).  I strongly believe that each candidate who has graduated from TTTI is flexible, focused and dedicated, with the institute making a mark and setting an example in all their attempts towards realising greater employability of youths in India.  “He added.

Established in the year 2007 as a part of TKM’s social initiatives, the students of TTTI have been receiving degrees from leading personalities of India like late Dr. Abdul Kalam - Former President of India, Sudha Murthy, Chairperson – Infosys Foundation, Veerendra Heggade – Dharmadhikari (Dharmasthala) & many, during the joyous moments of the institute’s convocations year after year.

The students during the course also get an opportunity to participate in the National Skill Competition & World Skill Competition (Skill Olympics) in 3 categories namely - Mechatronics, Car Painting, Prototype Modelling. The TTTI batch of 2011 secured 4th position in World Skill Competition 2015 held at Sao Paulo, Brazil & won “Medallion of Excellence”. The students from the TTTI batch of 2013 who secured the first position in the World Skill Contest (at the National level) under the categories - Prototype Modelling & Mechatronics, will be representing India in The World Skill Contest which will be held in Abu Dhabi during October this year.

Oriflame’s Completes 21 years; To Focus on Cosmetics and Wellness Direct Sales in India

With a clear focus to be the wind beneath the wings of its consultant family, Oriflame is now poised to further empower the growth of its leaders in Southern India. It has announced the launch of a new centre in the Garden City of Bengaluru which will equip its consultant community to better convert their ambitions and aspirations into meaningful opportunities. Located in one of the most prime locations in all of Karnataka - Sumero Towers, Brigade Road, Bengaluru - the recently furbished facility is spread over a sprawling 3,500 sq ft area and will enable Oriflame leaders to expand their horizons as well as the footprint of the brand in the high-potential South India market.

The launch of the facility was celebrated with much pomp and ardour on August 9, 2017. Pradnya Deshpande, Sales Director, Oriflame India & Kunal Verma, Director Operations, Oriflame India along with Anil Budania, Senior Area Manager- South, Oriflame India inaugurated the new centre and shed light on how the event was a harbinger for bigger and better things to come for everyone associated with Oriflame. They underlined how with the new facility, Oriflame would be in a more effective position to extend its 50-year legacy of making the world a more fulfilling and beautiful place.

Speaking on the same, Deshpande said, “Oriflame is driven by an emphatic focus on empowering its consultants and offering them the most effective platform to convert their dreams into reality. We have witnessed a tremendous response from the Bengaluru market and from South India overall. The launch of the new centre is a means to support our business leaders to tap into the wealth of opportunity that this region offers.”    

Verma added, “As a part of our 50-year celebrations, the launch of the new facility is yet another important milestone event. It represents Oriflame’s renewed focus on the South India market and its commitment to facilitate its consultants with the best success plans possible. We are certain that the new facility will translate into more growth for them, greater mindshare for Oriflame and easier access to our superlative range of products to the customers in the region.”