Bangalore

Narayana Murthy's son to join Infosys as his assistant

rohan-murthyBangalore, June 1 : Rohan Murty, son of Infosys co-founder and re-appointed executive chairman N. R. Narayana Murthy, will join the company as an executive assistant to his father, the company announced here Saturday.

Infosys said in a statement that Narayana Murthy has requested the board to permit him to put together a team to allow him to function more effectively.

The team will include his son, Rohan, as Narayana Murthy's executive assistant.

Rohan is a junior fellow of the Society of Fellows at Harvard University.

Siddaramaiah starts his innings on a mixed note

SiddaramaiahBangalore, June 1 : Karnataka's new Congress Chief Minister Siddaramaiah has started his innings on a mixed note - forming a ministry with a fairly clean image but making announcements upsetting not just the opposition but also a section of his own party.

The controversial announcements came a day after he took over May 13 and ahead of forming the ministry. He had taken oath alone after the party won 121 seats in the 225-member assembly in the May 5 election. The tally rose to 122 as it won one more seat later.

One such decision was the desire to introduce cheap liquor as production and sale of arrack has been banned in the state.

GMR Infrastructure reports net profit of Rs. 579 crore

GMR Infrastructure reports net profit of Rs. 579 croreBangalore-based infrastructure major, GMR Infrastructure Limited has said that it has recorded a net profit of Rs 579 crore during the fourth quarter till March 31, 2013.

The company had recorded a net loss of Rs. 366 crore during the same quarter of the previous financial year. The company recorded a profit after it sold its 70 per cent stake in GMR Energy Singapore Pte Limited (GESPL) to FPM Power Holding Limited in a deal valued at Rs. 1,231.25 crore.

HAL opens software radio system in Hyderabad

Hindustan-Aeronautics-LtdBangalore, May 30 : The state-run Hindustan Aeronautics Ltd (HAL) Thursday opened the software defined radio system at its strategic electronic research design centre in Hyderabad.

The indigenously developed system (Softnet) will be deployed for airborne communication and net centric warfare.

"As the future of communication technologies, the radio system will shape the net centric warfare in future and its indigenous development will reduce dependency on overseas suppliers to meet critical needs of the country," HAL chairman R. K. Tyagi said on the occasion.

Honda inaugurates third plant in Karnataka, to start production by June

Honda-MotorcycleBangalore, May 28 : Two-wheeler manufacturer Honda Motorcycle and Scooter India Tuesday inaugurated its third plant in India in Narsapura, Karnataka, at an investment of Rs. 1,350 crore.

With production starting from June this year, Honda said, the new plant will enable the company to increase its cumulative annual production capacity by 64 percent in the current fiscal.

The new plant is conceived to produce 12 lakh units in phase-I and additional six lakh units in phase-II.

Exclusive Tendulkar merchandise up for sale

TendulkarBangalore, May 27 : A new collection of Sachin Tendulkar branded merchandise was launched which is up for sale exclusively on Collectabillia. com and Flipkart. com.

The collection is the first of such an initiative by Collectabilia. com and caters to Sachin's fans around the world.

The merchandise, such as pen drives, helmet-shaped paper-weights, diaries, and accessories including tie-pins, wallets, cricket-themed cuff links are among the many items that will be sold.

Bangalore hospital gives new life to African girl

doctor-surgeryBangalore, May 25 : An eight-year-old African girl from Nigeria got a new life after she was cured of a brain tumour at Narayana multi-specialty hospital in this tech hub.

Though Angel (name changed) underwent surgery in 2011 at the hospital's Mazumdar Shaw Cancer Centre when she was six years old, doctors diagnosed her of being relieved of the dreaded brainstem tumour (glioma) after monitoring her progress for two years.

"The complicated surgery has set a benchmark in pediatric oncology," the hospital's radiation oncologist, Sandeep Jain, who treated Angel, told IANS here Saturday.

One more to be inducted in Siddaramaiah ministry Saturday

SiddaramaiahBangalore, May 24 : Karnataka Chief Minister Siddaramaiah will induct Congress legislator S. R. Patil into his ministry Saturday, four days ahead of the state legislature's first session after the party wrested power from BJP early this month.

"Patil will be sworn-in tomorrow (Saturday) by Governor H. R. Bhardwaj," the chief minister told reporters here Friday, a day after he got Congress president Sonia Gandhi's approval to take the party leader in the legislative council to the ministry.

Sami Labs eyes Indian market to boost sales

Sami-LabsBangalore, May 20 : Leading pharma and nutraceutical export player Sami Labs Monday unveiled a holistic strategy to increase its market share in India to 10 percent in the near future from two percent currently.

"We are expanding and diversifying our client base across the country to sell a range of bulk actives and supply finished products for increasing our market share in India by five times," Sami Labs managing director Muhammed Majeed said here Monday.

Chhabaria unveils auto design studio in Bangalore

dilip-chhabriaBangalore, May 18  Renowned automobile designer Dilip Chhabaria Saturday unveiled his design studio here to showcase his award-winning and innovative designs.

"It's a defining moment to have a design studio in Bangalore where the demand for luxury cars is growing. We will also set up a design school soon to train auto designers," Chhabaria said on the occasion at the studio, a joint venture with Emvee DreamzDrive.

As an authority in automotive design, DC Design showroom is displaying Avanti, the first Indian super car model to be launched this year, Renault Duster and Hyundai i20 models for the first time.

Turkish Bank deploys Infosys' Finacle software

Turkland-Bank-Infosys-Finacle1Bangalore, May 17 : Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.

"Implementation of our core banking software (Finacle) at Turkland Bank is the first of its kind in Turkey, blending local practices with global best practices as the product meets the needs of retail and corporate customer segments," Infosys said in a statement here Friday.

Siddaramaiah sworn in as Karnataka chief minister

SiddaramaiahBangalore, May 13 : Karnataka Governor H. R. Bhardwaj Monday swore in Siddaramaiah as the 28th chief minister of the state at the sprawling Kaneetarava stadium in the city centre.

About 50,000 people, including family members and relatives of the 64-year-old Siddaramaiah, were present at the grand swearing-in ceremony that was marked by cheers, applause, patriotic fervour, music and folk dances under a cloudy sky and breezy weather.

Siddaramaiah took oath in the name of truth and the constitution after Bhardwaj prompted him in Kannada at 11.40 a. m. as the stadium reverberated in thunderous noise and witnessed boisterous scenes.

Karnataka CM resigns after BJP's rout

Jagadish-ShettarBangalore, May 8 : Karnataka Chief Minister Jagadish Shettar Wednesday resigned after his ruling BJP faced a humiliating defeat in the 14th state legislative assembly elections held Sunday.

According to a Raj Bhavan communique, Governor H. R. Bhardwaj accepted the resignation of Shettar and his council of ministers.

The governor has requested Shettar to continue in office till the formation of the new government by the Congress, which secured a comfortable majority of 121 in the 225-member assembly.

Yeddyurappa wins, aide Shobha loses

bs-yeddyurappaBangalore, May 8 : Former chief minister and Karnataka Janata Party (KJP) president B. S. Yeddyurappa won from Shikaripura Wednesday in his home district Shimoga, but his close aide Shoba Karandlaje lost badly from Rajaji Nagar in northwest Bangalore.

Though the KJP contested all 223 constituencies, it could win only in six. But it hurt the outgoing BJP's prospects all over the state, enabling the Congress to wrest power after seven years.

Yeddyurappa, who polled 69,126 votes, defeated his nearest Congress rival H. S. Shantaveerappa Gowda by 24,425 votes.

Congress wrests Karnataka, BJP in gloom

Sonia-GandhiBangalore, May 8 : The Congress Wednesday won a thumping victory in Karnataka to wrest power after a seven year gap, crushing the BJP in a key election ahead of next year's Lok Sabha ballot.

Prime Minister Manmohan Singh and Congress president Sonia Gandhi voiced their satisfaction over the Karnataka result that ended five years of tumultuous rule by the Bharatiya Janata Party (BJP) in the southern state.

Congress activists celebrated wildly all across Karnataka as a vote count that began at 8 a. m. showed that the party was set to finish with some 120 seats in the 225-member assembly -- seven more than the half-way mark.

Karnataka to host National hockey

hockey-indiaBangalore, May 7 : After a three-year interval, the much-diluted senior men's National Hockey Championship for the Rangaswamy Cup will commence here Wednesday with defending champions Mumbai taking on hosts Karnataka in the opening fixture.

The week-long tournament that concludes on May 16, will see zonal winners Punjab (North), Mumbai (West), Karnataka (South), Jharkhand (East), Uttar Pradesh (Central) and Manipur (North-East) playing one another on a single league basis followed by classification matches for positions 1-4.

Riven by graft, Karnataka votes Sunday to elect new government

Karnataka-PollsBangalore, May 3 : It has been a bitter five years marked by corruption, intrigue and vicious infighting with the ruling Bharatiya Janata Party (BJP) splitting right down the middle but Karnataka voters hope to put it behind them when they vote in a new assembly Sunday.

The polls have drawn national attention as the ruling BJP and the Congress, the two major contenders for power, are locked in a bitter war of words over corruption.

Biocon group net up 51 percent in fiscal 2013

Biocon-LtdBangalore, April 26 : India's biotechnology major Biocon Ltd posted consolidated net profit of Rs. 509 crore for fiscal 2012-13, registering a whopping 51 percent year-on-year (YoY) growth over previous fiscal (2011-12) at Rs. 338 crore.

In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the Bangalore-based firm said consolidated income for the fiscal (FY 2013) under review grew 18 percent YoY to Rs. 2,538 crore from Rs. 2,148 crore year ago.

Poland eyes Indian investors with low-cost advantage

Poland-FlagBangalore, April 26 : As the second fastest growing economy in Europe after Germany, a recession-free Poland is beckoning Indian industry to invest by taking advantage of its low-cost labour, tax sops, proactive policies and state-of-the-art infrastructure.

"Poland is the only country in Europe which did not get affected by the global financial crisis in 2008 and avoided recession that gripped many European Union (EU) member-states," Polish consul general in Mumbai Janusz Wach said at the eighth Polish Outsourcing Forum held here Thursday.

US economy improving but Europe volatile: Premji

Azim-PremjiBangalore, April 19 : Amid global uncertainty and challenging environment, latest data shows improvement in the US economy while debt-ridden Europe remained volatile, Wipro chairman Azim Premji said Friday.

"The overall macro-economic data in the US seem to be improving, while in Europe, the economic backdrop remains very weak and will remain volatile," Premji told reporters here.

Though sentiments in the European financial markets continued to improve in the early months of 2013, the IT czar said customers, however, expected their vendor partners to own outcomes and deliver value.



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