Karnataka

Entrepreneurs take pride in Nadella becoming Microsoft CEO

Satya-NadellaBangalore/Hyderabad, Feb 6 : Several entrepreneurs have expressed their pride in home universities in the wake of India-educated Satya Nadella becoming the new Chief Executive Officer (CEO) of Microsoft.

Microsoft named 22-year company veteran Satya Nadella as its next Chief Executive Officer on February 4, and said co-founder Bill Gates would step down as the chairman and advise the new CEO on technology, marking an epochal change of control at the company that drove the PC revolution.

AstraZeneca to shut R&D centre in Bangalore

AstraZenecaBangalore, Jan 29 : British pharma major AstraZeneca plc Wednesday announced the closing of its research and development (R&D) centre here but said it will continue manufacturing and marketing operations in India.

"The decision to close Avishkar R&D centre is part of our global business strategy to simplify R&D footprint and focus resources on three core therapy areas of oncology, cardiovascular and metabolic diseases and respiratory, inflammation and auto-immunity," the company said in a statement.

Advanced light helicopter 'Garuda Vasudha' dedicated to nation

Hindustan-Aeronautics-LimitedBangalore, Jan 22 : Mines Minister Dinsha Patel dedicated the advanced light helicopter "Garuda Vasudha" to the nation here today through video-conferencing.

The helicopter was launched from the Hindustan Aeronautics Ltd. (HAL) Complex, Bangalore.  It will be with the Geological Survey of India and is equipped with a Heliborne Geophysical Survey System (HGSS)

Patel also laid the foundation stone of a Centre of Excellence Laboratory building of the GSI at its Bangalore complex at a cost of Rs. 42 crore.

Infosys ups revenue guidance to 12 percent

InfosysMysore (Karnataka), Jan 10 - Infosys has once again revised its revenue guidance for this fiscal (2013-14) upwards to 12 percent from previous estimate of 10 percent in dollar terms.

In a regulatory filing to stock exchanges Friday, the IT bellwether said revenues were expected to grow 11.5-12 percent in dollar terms and 24.4-24.9 percent for fiscal 2014 (FY 2014) from 22 percent in rupee terms as estimated in the second quarter of this fiscal.

Earlier, the reported net profit of Rs. 2,875 crore for third quarter (Oct-Dec) of this fiscal, posting 21.4 percent year-on-year (YoY) growth.

Yeddyurappa to make comeback into BJP today

B S YeddyurappaBangalore, Jan 9 : Karnataka Janata Party (KJP) chief BS Yeddyurappa is all set to make a formal comeback into the Bharatiya Janata Party (BJP), which he had deserted to form his own outfit more than a year ago.

Yeddyurappa had earlier voiced his support towards Gujarat Chief Minister Narendra Modi becoming the prime minister and said the merge could strengthen the BJP.

The BJP forced Yeddyurappa to resign as Karnataka's Chief Minister in July 2011 after ombudsman report indicted him in the illegal mining case.

Sidelined by the BJP top leadership, he subsequently quit the party and formed KJP.

Infosys rejigs board as director Balakrishnan quits

V-BalakarishnanBangalore, Dec 20 : Indian IT bellwether Infosys Ltd Friday announced changes in its board following the sudden resignation of its senior director V. Balakrishnan.

In a rejig of its board, the company's nominations and governance committee appointed Biocon Ltd chairperson Kiran Mazumdar-Shaw as an independent director and company's executive council member U. B. Pravin Rao as a full-time director.

Pravin Rao is also the company's senior vice-president and global head of its retail, consumer packaged goods, logistics and life sciences business.

Wipro offers fellowship to US school teachers

Wipro-LtdBangalore, Dec 19 : Indian IT bellwether Wipro Ltd Thursday announced a fellowship programme to nurture talent of American school teachers in mathematics and science in collaboration with Michigan State University.

"We are funding the multi-year programme with a $2.8-million grant to initially train about 100 teachers in Chicago public schools in both the subjects," Wipro chief executive T. K. Kurien said in a statement from New Jersey.

Intelligence grid to deter terror attacks: Shinde

Sushilkumar-ShindeBangalore, Dec 14 : The National Intelligence Grid (Natgrid) being set up by the central government across the country would act as a deterrent against terror attacks, Home Minister Sushilkumar Shinde said Saturday.

"As an integrated intelligence grid, the Natgrid will link databases of various departments and ministries for use by intelligence agencies to enhance our counter-terrorism capabilities across the country," Shinde said at an event here.

The home minister laid the foundation stone for the Rs. 92-crore disaster recovery centre of the grid in the city's northern suburb of Yelahanka.

Indian Mars craft tuned to stay course

India-Mars-OrbiterBangalore, Dec 11 : India's Mars spacecraft was fine tuned early Wednesday in the interplanetary space to stay on course in the 680-million-km sun orbit on way to the Red Planet.

"The onboard computer carried the first mid-course correction of the Mars Orbiter at 6:30 a. m. by firing the 22 Newton thrusters for 40.5 seconds," a senior space agency official told IANS.

The spacecraft was 2.9-million km away from the earth when the trajectory correction was carried and cruising at 32 km/second to reach the Martian orbit in mid-September 2014 for its geological exploration.

Infosys unveils retail platform for global brands

Infosys-TradeEdgeBangalore, Dec 9 : Indian IT bellwether Infosys Monday launched a new product platform that helps global brands in the FMCG (fast-moving consumer goods) segment drive profitable growth in the emerging markets.

"As one of our latest offering in the products, platforms and solutions space, the retail platform has been designed to help global brands accelerate profitable growth in the emerging markets," Infosys chief executive N. R. Narayana Murthy said at the product preview.

BJP gambles on Yeddyurappa for 2014 polls

B-S-YeddyurappaBangalore, Dec 6 : The BJP may be hearing on a Modi wave across the country but, at the same time, it is realistic that the wind supposedly blowing in its favour will not bring in votes during the 2014 general elections without the help of local strongmen. Hence it seems ready to take back its former leader B. S. Yeddyurappa though he is yet to be cleared of corruption charges.

The state Bharatiya Janata Party is confident that the party's central leadership will now seriously start the process of bringing back Yeddyurappa as assembly elections in Delhi, Rajasthan, Madhya Pradesh and Chattisgarh are done with.

Nanoscience needs targeted funding: C.N.R Rao

Nanoscience needs targeted funding: C.N.R RaoBangalore, Dec 5 : The government should ensure targeted funding to promote nanoscience and nanotechnology in solving pressing societal problems and improve the quality of life, a top scientist said Thursday.

"Nano mission needs targeted funding to set up infrastructure and build capacity for research in nanoscience and developing nanotechnology to solve pressing problems and improve quality of life," C. N. R. Rao, who has been named for the Bharat Ratna, said at a summit here.

Infosys to hire more techies in Australia

InfosysBangalore, Dec 2 : Indian IT bellwether Infosys Ltd plans to hire 85 new techies in Australia's New South Wales state in the ensuing fiscal to keep up with its client demand.

"To keep pace with 500 percent business growth in past five years in New South Wales, we have opened a new office in Sydney, which has 140 seat capacity to accommodate new hiring and specialists visiting to Australia for short-term projects," the company said in a statement here Monday.

The global software major's subsidiary has 2,600 software engineers based across Australia and New Zealand.

Italian hairdresser to launch salon in Bangalore

Rossano-FerrettiBangalore, Nov 26 : Italian hairdresser Rossano Ferretti, who has styled for the likes of Angeline Jolie, Lady Gaga and Salma Hayek, is set to make his third visit to India next month to launch his third salon in the country.

Ferretti will launch the much awaited 'Rossano Ferretti Salon’ at The Ritz-Carlton here Dec 4, said a statement.

The stylist already has two salons in India - one at the Four Seasons Hotel in Mumbai and another at The Oberoi in Gurgaon.

With over 20 salons worldwide, including in New York, Miami, Paris and Milan, Ferretti is known the world over for his luxurious customised salon services.(IANS)

Karnataka fixes sugarcane price at Rs 2,500 a tonne

Karnataka fixes sugarcane price at Rs 2,500 a tonneKarnataka has fixed ex-gate price for sugarcane at Rs 2,500 a tonne for the current crushing season (2013-14).

S. S. Pattanshetty, Commissioner for Cane Development & Director of Sugar, issued a notification announcing that Rs 2,500 per tonne had been fixed as ex-gate price for the crop in southern districts and Rs 2,500 a tonne had been fixed as ex-field price in northern districts. Ex-field means costs of harvesting and transportation will be borne by mills.

Canara Bank net declines 5.3 percent

Canara-BankBangalore, Nov 12 : State-run Canara Bank posted Rs. 626-crore for the second quarter (July-Sep) for this fiscal (2013-14), a decline of 5.3 percent year-on-year (YoY) from Rs. 661 crore in the same period year ago due to higher provisioning against bad loans.

"Total income, however, increased 13 percent YoY to Rs. 10,428 crore during the quarter under review (Q2), from Rs. 9,204 crore in like period a year ago," the bank said in a statement here.

Similarly, operating profit rose 11 percent to Rs. 1,425 crore from Rs. 1,282 crore a year ago.

Bosch net up 16 percent in Q3

Bosch net up 16 percent in Q3Bangalore, Nov 12 : Indian subsidiary of German automotive major Bosch Ltd posted a net profit of Rs. 234 crore for the third quarter (July-September) of 2013, registering a 16 percent growth from the same period in 2012.

"Net sales and income from operations, however, grew marginally 3.6 percent year-on-year (YoY) to Rs. 2,104 crore during the quarter under review (Q3)," the city-based company said in a statement Tuesday.

Profit before tax rose 16 percent YoY to Rs. 324 crore.

Export revenue increased 20 percent YoY mainly due to rupee depreciation during the quarter.

Tata Coffee net up 56 percent in Q2

Tata Coffee net up 56 percent in Q2Bangalore, Nov 7 : Tata Coffee posted Rs. 43 crore net profit for the second quarter (July-September) of this fiscal (2013-14), registering 56 percent year-on-year (YoY) growth from Rs. 28 crore in the like period last year on standalone basis.

Sequentially, net profit increased 52 percent from Rs. 28 crore posted in the first quarter (April-June) of this fiscal.

iGate to manage data services of UBS

iGate to manage data services of UBSBangalore, Nov 6 : Leading integrated technology and operations firm iGate Corporation Wednesday announced it has secured a multi-year contract to manage data services of the global financial services firm UBS AG.

"The deal envisages UBS migrating to a globally managed service for instrument data mastering across asset classes, using Markit enterprise data management platform and transforming its operations using our framework," the US-based company said in a statement here.

HAL chips in with structural help for Mars mission

Hindustan-Aeronautics-LtdBangalore, Nov 5 : The Hindustan Aeronautics Ltd (HAL) has contributed to the successful launch of India's maiden mission to Mars Tuesday by making the heavy rocket's structural assemblies and propellant (liquid fuel) tanks.

"We delivered seven types of riveted structural assemblies and four types of welded propellant tanks for the Polar Satellite Launch Vehicle (PSLV-C25)," HAL chairman R. K. Tyagi said in a statement here.

The defence behemoth also delivered the satellite structure and deck panel.




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