Bangalore, Jan 20 - Wipro Ltd reported net profit of Rs. 1,456 crore (Rs. 14.56 billion) for the third quarter (October-December) of this fiscal (2011-12), registering 10 percent year-on-year (YoY) growth as per the Indian accounting standard.

In a regulatory filing Friday, the IT bellwether said its consolidated revenue for the quarter (Q3) under review shot up 28 percent YoY to Rs. 9,997 crore (Rs. 99.97 billion).

World's largest professional network, LinkedIn has set up a new technology centre in southern Indian city of Bangalore.

The new centre will be the first outside its headquarters in Mountain View, California in the United States. LinkedIn has 135 million members from across the world and more than 12 million in India, making it the second biggest user base for the company.

The Bangalore Metropolitan Transport Corporation (BMTC) is planning to rearrange the metro feeder bus service that began on various routes to bring commuters to the newly opened Namma Metro in the city.

BMTC was ready with the feeder service even before the launch of the Metro operations. The civic body has deployed 60 buses on 24 feeder routes for the six metro stations at a frequency of 10 minutes. However, the after-launch results have not been attractive for the BMTC.

The residents of the south Indian city of Bangalore have welcomed the opening of the first stretch of the metro line in the city, described as the silicon valley of India.

The Namma (our) metro stations were full of people, who gathered to take their first ride in the city's brand new metro rails. There were long queues at the ticket counters in several stations and especially on the MG Road station, where the inauguration ceremony has taken place.

Bangalore, Oct 12 - Infosys Ltd posted net profit of Rs. 1,906 crore for the second quarter (July-Sep) of this fiscal (2011-12), registering 10 percent year-on-year (YoY) growth and 11 percent sequentially according to the Indian accounting standards.

In a regulatory filing Wednesday, the IT bellwether said its consolidated revenue for the quarter under review (Q2) grew 17 percent YoY to Rs. 8,099 crore and eight percent sequentially.

Earnings per share (EPS) at Rs. 33.36 is 9.7 percent higher YoY and 11 percent sequentially.

Bangalore, Oct 6 - In a nail-biting finish, Royal Challengers Bangalore (RCB) late Wednesday snatched a thrilling victory by two wickets from a defiant South Australian Redbacks (SAR) to qualify for semi-finals of the ICC Champions League Twenty20 (CLT20) at the Chinnaswamy stadium here.

Requiring six runs of the last ball in the 20th over for a sensational win, RCB's wicket-keeper Arun Karthik lofted a massive six of Redback's Daniel Christian to reach the stiff target of 215 for eight wickets.

Bangalore, Sep 20 : Karnataka Governor HR Bhardwaj today accepted Justice Shivaraj V Patil''s resignation from the post of the state''s Lokayukta.

Justice Patil had resigned from the post on Monday following a controversy over allotment of housing sites for his wife and himself.

Bangalore, Sep 20 : Karnataka Governor H. R. Bhardwaj Tuesday accepted the resignation of Shivaraj V. Patil as Lokayukta. He had quit following allegations that he acquired two housing plots in Bangalore in violation of the rules.

The state's first ombudsman to leave office amid a row, Patil tendered his resignation to Bhardwaj Monday evening after explaining to him that no rules had been violated and no impropriety committed in purchasing the second plot in his wife Annapurna's name, Raj Bhavan sources said.

Bangalore, Aug 25 : Fourteen people, including two women, have been on fast here since Aug 16 in support of Anna Hazare, an activist said Thursday.

According to Anand Yadwad of India Against Corruption (IAC), around 40 people started the fast but over the last 10 days 26 were told to give up their hunger strike on medical advice.

Every day since Aug 16, around 30 people here observe a day's fast.

Freedom Park, formerly Bangalore's central prison, is the main centre of protests, with former Lokayukta N. Santosh Hegde joining them every day.

Bangalore, Aug 5: Scientists at the International Centre for Genetic Engineering and Biotechnology (ICGEB) in New Delhi have shown that tuberculosis may be diagnosed in future using a fast, inexpensive urine test.

Their test reported in the American Chemical Society (ACS) journal Analytical Chemistry can also be used to monitor the effectiveness of treatment for tuberculosis which is on a rampage in the developing world, the ACS said in a statement.

Bangalore, June 2 : Global supplier of technology and services Bosch group Thursday announced a planned investment of Rs. 2,500 crore over the next two years to augment its production capacity, business portfolio diversification and research and development.

Bangalore, May 5 : Leading state-run Canara Bank posted net profit of Rs. 899 crore for the fourth quarter (January-March) of fiscal 2010-11, registering a whopping 79 percent year-on-year (YoY) growth.

For fiscal 2011, however, net profit increased 33 percent (YoY) to Rs. 4,026 crore from Rs. 3,021 crore a year ago.

"Record cash recovery (Rs. 2,032 crore), lower provisioning (Rs. 181 crore) and higher income from core banking business have shot up net profit to 79 percent YoY in the fourth quarter," Canara Bank chairman and managing director S. Raman told reporters here.

Bangalore, April 28 : Indian biopharma major Biocon Ltd posted consolidated net profit of Rs. 101 crore for fourth quarter (January-March) of fiscal 2010-11, registering 25 percent year-on-year (YoY) growth.

In a regulatory filing Thursday, the country's leading biotech firm said consolidated revenue for the quarter (Q4) under review, however, grew by eight percent YoY to Rs. 717 crore from Rs. 666 crore same quarter year ago.

Bangalore, April 27 : Indian IT bellwether Wipro Ltd is investing heavily in emerging verticals such as analytics, mobility and cloud computing for the next wave of customers' spend, company chairman Azim Premji said here Wednesday.

"To prepare for the next wave of customers' spend, we are investing heavily in three key areas of analytics, mobility and cloud computing. We have created dedicated lines for the first two and a software layer for the third, with a focus on business process outsourcing (BPO) platform," Premji told reporters here.

Bangalore, April 27 : Wipro has declared final dividend of Rs. 4 for each share of Rs. 2 par value, amounting to 200 percent for fiscal 2010-11.

"With an interim dividend of Rs. 2 per share or 100 percent, the total dividend for fiscal under review (FY 2011) is Rs. 6 per share or 300 percent," the company said in a statement here Wednesday.

Accounting for 32 percent of the company's net profit of Rs. 5,298 crore (Rs. 53 billion), the total dividend payout will be Rs. 1,696 crore.

Bangalore, April 27 - Wipro posted net profit of Rs. 5,298 crore (Rs. 5.3 billion) for fiscal 2010-11, registering a growth of 15 percent year-on-year (YoY).

In a regulatory filing Wednesday, the IT bellwether said total revenue for the fiscal under review (FY 2011) was Rs. 31,099 crore (Rs. 311 billion), an increase of 15 percent YoY.

Under the International Financial Reporting Standards (IFRS), net income for FY 2011 was $1.2 billion and total revenue was $6.98 billion.

Bangalore, April 27 - Wipro Wednesday reported net profit of Rs. 1,375 crore (Rs. 13.8 billion) for the fourth quarter (January-March) of fiscal 2010-11, registering 14 percent year-on-year (YoY) growth.

In a regulatory filing Wednesday, the IT bellwether said total revenue for the quarter under review (Q4) was Rs. 8,302 crore (Rs. 83 billion), an increase of 18 percent YoY.

Under the International Financial Reporting Standards (IFRS), net income is $309 million and total revenue $1.86 billion.

Bangalore, April 15 - Infosys Technologies Ltd posted a net profit of Rs. 6,823 crore (Rs. 68.23 billion) for fiscal 2010-11, registering an increase of 9.7 percent year-on-year (YoY), as per the Indian accounting standard.

In a regulatory filing, the IT bellwether Friday said consolidated income during the fiscal under review (FY 2011) was Rs. 27,501 crore (Rs. 275 billion), an increase of 21 percent YoY.

Under the International Regulatory System (IFRS), net income rose to $1.5 billion, up 14 percent YoY and gross income to $6 billion, an increase of 26 percent. (IANS)

Pharmaceutical company Strides Arcolab announced that it has bagged US health regulator's nod to sell the first liquid injection sterile product from its novel sterile injectable complex in the state of Karnataka.

But, Strides Arcolab stated that it was not in a position to reveal the name of the product because of privacy.

On the eve of the International Women's Day, Massachusetts Institute of Technology MIT's Technology Review India version announced that two female research workers including Aishwarya Lakshmi Ratan and Alefia Merchant have become part of esteemed 'India Technology Review 35' list for 2011.

As per reports, Aishwarya and Alefia got this appreciation for their innovational work done in Bangalore.