Power major, NTPC Ltd has said that it has received clearance from the union ministry of environment and forests (MoEF) for the 3x800 MW Kudgi Super Thermal Power Project Stage-I.

The project is being set up in Bijapur district of the southern state of Karnataka. The Board of Directors of the state run company cleared investment proposal amounting to Rs 15,166 crore for the project, it said in a statement.

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, 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.

Hyderabad, Sep 14 : The Central Bureau of Investigation (CBI) continued questioning former Karnataka minister G. Janardhana Reddy and his brother-in-law Srinivasa Reddy for the second day Wednesday in an illegal mining case.

The CBI officials resumed grilling the mining baron and his kin at its office in Koti after the accused were brought back from an undisclosed location amid tight security around 10 a. m.

CBI Joint Director V. V. Lakshminarayana said the duo were being questioned separately in the presence of their lawyers.

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.

Mysore (Karnataka), July 12 : Infosys Ltd posted net profit of Rs. 1,722 crore (Rs. 17.22 billion) for the first quarter (April-June) of this fiscal (2011-12), registering 16 percent year-on-year (YoY) growth.

In a regulatory filing Tuesday, the IT bellwether said its income for the quarter under review (Q1) grew 21 percent YoY to Rs. 7,485 crore (Rs. 74.85 billion).

Under the International Regulatory System in dollar terms, net profit, however, grew 18 percent YoY to $384 million and income 23 percent YoY to $1.7 billion.(IANS)

The IT company in Bangalore is releasing the ‘Electronic Hardware Policy 2011 and the Information and Communication Technology Policy’.

The industry is considering where they should explore their options in order to develop meaningful growth. The state has already contributed 30% of the country’s IT exports. The new policy will focus more on branding Bangalore and Karnataka. The Government has also planned to focus on software product development and find ways to fund institutes of higher learning.

TV Mohandas Pai, HR head of IT giant Infosys is concerned that industries have been driven out of Karnataka for the extensive corruption and lack of definite economic policies.

In the LPG (Liberalisation, Privatisation and Globalisation) era, there should be the permission of the private investments by the state government in all sectors freely. It should give the economic power in the hands of the people of the state as said by him.

During, the Karnataka’ seminar which was held at the World Kannada Meet he has delivered the presidential lecture on globalization. He has blamed the state government for not reducing corruption.

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.

On Friday, the Supreme Court (SC) has ordered to have an environmental investigation over the illegal mining in Karnataka. It was suspected that illegal mining work has been carried out in the areas which were considered as forest land. It had also been a reason for the political fight between Governor HR Bhardwaj and the BS Yeddyurappa government.

The court has been requested by the special Bench which included Chief Justice S H Kapadia and Justices Aftab Alam along with K S Radhakrishnan to have a proper inspection.

Karnataka Chief Minister BS Yeddyurappa vowed to take political sanyas on one condition. He declares that if the Opposition leader H D Revanna (JD-S leader) proves all allegations against him, he will take retirement from politics.

It seems that this is a resignation season in the political genre. Earlier CWG OC chief Suresh Kalmadi has made a quit and recently former telecom minister A Raja resigned from DMK's propaganda secretary post on his arrest and now BSY is standing on the edge of resignation.

The Centre administration had sanctioned Karnataka's plan to augment the total of MBBS seats in government-run medical colleges by 500.

In addition to this, the government has also added up about 350 post-graduate seats in them.

Medical Education Minister S A Ramadass, who came back from a two-day meet of health and medical education functionaries in Hyderabad, made this declaration on Friday.

In a major setback for IT firm Wipro Ltd, the Karnataka High Court has directed the firm to deposit Rs 24 crore in connection with a case pertaining to re-export of software. The HC bench of Justice Venugopala Gowda and justice BV Pinto also declined to provide stay over its appeal against 4% value added tax (VAT) on software re-exported.

With the continuing political catastrophe depicting no indications of a conclusion, on Wednesday, six prohibited rebel, BJP MLAs, plunged out of the disagreement pathway and banged on the doors of BS Yeddyurappa, chief minister in quest of pardon.

However the volte confronts seems to have entered somewhat too late, as it guided to still one more drama that observed the party biggies rejecting to unlock the doors.

On Friday the Karnataka High Court inquired the central government the same as to why it had not made in use suo motu act to ensure unlawful mining in the state beneath the pertinent Act.

A panel of the high court guided by Chief Justice J S Khehar hunted a answer from the Centre's guidance as to why the government did not do something under Section 30 of the Mines and Minerals Development and Regulation Act, 1957, as it asserts the state government has no authority to ban export of iron ore.

It seems that the upcoming investors meet in Karnataka has already become a hit. Even before it started, estimates show that it can generate nothing less than Rs. 6 lakh crore.

That is a good huge investment considering the fact that state is eyeing big players from almost all the sectors.

The investors' meet is to begin from tomorrow and the state government is going to sign MoUs during the two-day long meet. This information was given by the state minister for Large and Medium Enterprises, Murugesh Nirani.

According to a senior official, around 12 companies of the $70-billion Tata Group have shown keen interest in making investment in Karnataka and help expand infrastructure.

Mr. V. P. Baligar, Industries and Commerce Principal Secretary, said, "A delegation of Tata firms has evinced interest in housing, hospitality and steel sectors. We have approved a proposal from Tata Metaliks to set up a steel plant at Haveri in central Karnataka and offered land to the group for housing projects at different locations in the state."

Most of the movie theatres in Bangalore, on Friday, stopped the screening of Hrithik-Barbara starrer 'Kites' in the middle as Kannada film makers entered the theatres expressing opposition against screening of the film in more theatres than decided.

According to Karnataka Film Chamber of Commerce (KFCC), the makers of the film (Kites) had decided to release the movie in 21 theatres only, but it was being shown in 45.