INDIA JOURNAL OCTOBER 9, 2015 • B3INDO-AMERICA
(l-r): James Shin, Ted Miller, Bonnie Lee, Miss Artesia Court, Shaila Patan...
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President Mukherjee Honors SITA World Tours with Top Award - India Journal

Published on: Mar 4, 2016
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Transcripts - President Mukherjee Honors SITA World Tours with Top Award - India Journal

  • 1. INDIA JOURNAL OCTOBER 9, 2015 • B3INDO-AMERICA (l-r): James Shin, Ted Miller, Bonnie Lee, Miss Artesia Court, Shaila Patankar, Anthony Kim, Jae Ho Lee, Daniel Lee and Parimal Shah. Hanmi Bank Hosts Artesia Chamber Evening Mixer BYA STAFF REPORTER ARTESIA, CA - Greeting more than 100 guests at the Artesia Chamber of Commerce evening mixer hosted by Hanmi Bank on Sept. 24 at Julio’s Pizza Banquet Hall were James Shin; EVP &Treasury Management Head Ted Miller; Senior EVP & COO Bonnie Lee, Miss Artesia Court, First Vice-President Shaila Patankar, EVP & Chief Lending Officer Anthony Kim , Jae Ho Lee, Daniel Lee and Artesia Chamber of Commerce President Parimal Shah. The guests were entertained with food and refresh- ments and were given a detailed presentation by Hanmi Bank’s Ted Miller and Anthony Kim. Guests were informed of sev- eral promotional products and services that are now available to new and old customers alike. Hanmi Bank recently opened a local branch in Artesia and is look- ingforwardtomeetingtheneedsof a diverse business community in Artesiaaswellasacrossthenation. It is an American community bank that began focusing on the Korean-American community. It now encompasses most of Califor- nia, and as of 2008 it owned and operated approximately 42 branches spread over California, Texas, Illinois, Virginia and New Jersey, as well as loan offices in Washington, Colorado, Virginia, Georgia, California and New York. Hanmi Bank, which offers both personal and business financial ser- vices, is a wholly owned subsidiary ofHanmiFinancialCorporation,Inc. President Mukherjee Honors SITA World Tours with Top Award LOS ANGELES, CA - SITA World Tours received a top honor in the travel industry re- cently. In an exclusive ceremony held by the Ministry of Tour- ism, Government of India on September 18, SITA was awarded the ‘Best Overseas Tour Operator to India from North America’ award for 2014 presented by President of India Pranab Mukherjee at the Vigyan Bhavan in New Delhi. In addition to the President of India, the ceremony was at- tended by Dr. Mahesh Sharma, Minister of State for Tourism and. Vinod Zutshi, Secretary of the Ministry of Tourism. On hand to receive the special award was Laudie Hanou, SITA’s Vice President and Max Ali, Director of Group Opera- tions.. Hanou, stated, “It is a great honor to be recognized again by the Ministry of Tour- ism India and to receive the award from President Mukherjee himself. It is SITA’s fifth national award from India and it truly underscores our commitment to the destination from the Americas”. Owned and managed by Mok Singh, Group President and Roger Mahil, Chairman, SITA World Tours USA had previ- ously won in 1997/98, 2005/06, 2007/08 and 2012/13. The com- pany was one of the first tour operators in the US and Canada to create and sell packages to India. Specializing in deluxe and luxury touring, both pack- aged and tailor-made/custom- ized programs are offered for India and beyond, including Asia, Africa, South & Central America and Europe. With the new e-Visa process for travel to India out of North America, tak- ing a journey to incredible In- dia has become easier and more affordable than ever. Coinciding with the National award is SITA’s 83rd Anniver- sary in providing excellence in travel. India to Displace China as Silicon Valley’s Next Frontier: USA Today WASHINGTON,D.C.- India may soon displace China as Sili- con Valley’s next frontier, a lead- ing American daily has said, days after Prime Minister Narendra Modi visited the headquarters of technology giants Tesla, Facebook and Google. “China may be a Silicon Val- ley obsession, but India increas- ingly is in the conversation and may soon displace its Asian neighbour as tech’s next big frontier,” the popular USA To- day said Oct 1 in a news dis- patch from San Francisco. The first Indian Prime Minister to visit California in more than threedecades,Modirecentlyspent several hours at the headquarters of iconic companies such as Tesla, Google and Facebook. He also had interactions with the top CEOs including Tim Cook of Apple, Satya Nadella of Microsoft and Google’s newly-ap- pointed Indian-origin CEO Sundar Pichai. “The near-future was on full display last week,” USA Today said referring to Modi’s meetings in the Silicon Valley. “The Facebook of India is Facebook. The Google of India is Google,” Beerud Sheth, CEO of Teamchat, a communications app with employees in India and the U.S., was quoted as saying. “In China, those services are banned,” he said. Anindya Banerjee Strengthening Dollar Drains Over $2 Bln From India’s Forex Reserves MUMBAI- A strengthening dollar, coupled with continued outflow of foreign funds and in- terventions by the country’s cen- tral bank to stabalise the rupee drainedover$2billionfromIndia’s foreign exchange (forex) reserves, official data showed on Oct 2. Overall the forex declined by $2.04 billion to $349.97 billion in the week ended September 25. “In the week under review, the dollar had strengthened against the major non-dollar currencies especially the Euro and the Pound by over 1 percent. This has trans- lated into the plunge in foreign reserves,” Anindya Banerjee, asso- ciate vice president for currency derivatives with Kotak Securities said. The Indian reserves consist of nearly 20-25 percent of non- dollar currencies. The individual movements of these currencies against the dollar impacts the overall reserve value. According to Banerjee, the inter- vention by the Reserve Bank of India (RBI) to stablise the rupee also receded the foreign reserves. “RBI is very active in defending the rupee and breaking any down- ward trend in rupee value. It is this defence that has kept the rupee, as oneofthebestperformingcurrency so far in the year,” Banerjee said. The RBI is known to enter the sport markets to either sell or buy dollars to keep the rupee in a stable orbit. Other major factor for the de- cline in reserves was the outflow of foreign funds from the Indian equity and debt markets. The data with the National Securities Depository Limited (NSDL), showed that the foreign portfolio investors (FPIs) off- loaded Rs.1,251.03 crore or $190.39 million in equity and debt markets from September 21-24. The reserves had previously risen by $631.5 million to $352.02 billion in the week ended September 18. Before that the reserves had augmented by $2.35 billion to $351.38 billion in the week ended September 11. However, the reserves had also declined by $2.88 billion in the week ended September 4 to $349.03 billion. (IANS) President Mukherjee presenting the award to SITA team Boeing to Partner With IIT - Bombay For Innovation Summit NEW DELHI- Aerospace ma- jor Boeing on Oct 5 said it will partner with the Indian Institute of Technology (IIT) - Bombay to host a global summit on aero- space innovation. Boeing chairman Jim McNerney and Boeing Defense, Space and Security president and chief executive Chris Chadwick are expected to attend the inno- vation summit. The summit is being organised as part of the company’s global celebrations to mark its centen- nial in 2016. It is slated to be held on October 16 in New Delhi. “In our ever expanding partner- ship with India, the innovation summit is another milestone in our commitment to support the development of the aerospace eco- system in India,” said Chadwick. “The summit offers us an op- portunity to further accelerate ‘Make in India’ through discus- sions and deliberations with im- portant thought-leaders, on India’s potential role in the sec- ond century of aerospace.” Pratyush Kumar, president of Boeing India, said: “On the side- lines of the innovation summit, Boeing will showcase game changing innovation in the aero- space industry through displays and interactive elements at a spe- cial exhibition.” “This will highlight collabora- tion between institutions, univer- sities and design and manufac- turing partners aligned to the ‘Make in India’ initiative,” Kumar added. IIT - Bombay’s director, Profes- sor Devang Khakhar, called for further collaboration between government, industry and academia on the lines of the Na- tional Centre for Aerospace Inno- vation and Research (NCAIR). Walmart Keen to Invest In Himachal NEW DELHI- US-based retail giant Walmart, defence equip- ment major Eirene Systems and solar power company Surya Ushma on Oct 5 showed interest to invest in Himachal Pradesh, an official statement said. Walmart India CEO Krish Iyer met Chief Minister Virbhadra Singh here and extended a pro- posal to open five retail stores with an investment of $10 mil- lion, a statement by the state gov- ernment said. It said the retail outlet also ex- pressed interest to invest in schemes for women empower- ment, training and education. Likewise, defence equipment major Eirene Systems submitted a proposal to set up manufactur- ing unit with an investment of around $1.5 billion. The investors’ meet here was organised by the state in associa- tion with the Confederation of India Industries. Virbhadra Singh and Industries Minister Mukesh Agnihotri was present at the meeting. (IANS) Granules India Gets USFDA Nod For Generic Ibuprofen Tablets NEWDELHI-DrugmakerGran- ulesIndiahasreceivedapprovalfrom the US health regulator to market generic Ibuprofen tablets-used to treat fever, pain or inflammation-in the American market. The Hyderabad-based company said US Food and Drug Adminis- tration has approved its abbrevi- ated new drug applications for Ibuprofen tablets in strengths of 400 mg, 600 mg, and 800 mg. “It’s my pleasure to state that USFDA completed the review of Ibuprofen ANDA filed by us and has given its final approval,” Gran- ules India Chairman & Managing Director, C Krishna Prasad said. The approval will further strengthenthecompany’sbasebusi- ness and enable it to increase its productofferingtocustomersinthe US, he added. Granules India pro- duces finished dosages, pharmaceu- tical formulation intermediates and active pharmaceutical ingredients. Jim McNerney

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