Bangalore, April 10 : Technology firm iGate Corporation posted $32 million net income for first quarter (January-March) of this calendar year (2014), a decline of 8.6 percent year-on-year (YoY) from $35 million registered in the same quarter in 2013.
Sequentially too, net income was lower than posted in fourth quarter (October-December) of 2013 at $33 million.
Bangalore, April 9 - Indo-Japanese joint venture Toyota Kirloskar Motor (TKM) Wednesday said it is recalling 44,989 units of the multi-utility vehicle Innova manufactured between February 2005 and December 2008.
According to the company, the recall has been mandated due to an error discovered in the spiral cable mounted on the steering wheel.
Bangalore, April 4 : Multinational General Electric (GE) Friday unveiled a low-speed turbine to generate wind energy for meeting India's unmet power needs.
"The new turbine (1.7-103) has been developed and engineered specifically for India's low-wind speed conditions. A 100MW wind farm powered by the new version of turbines can produce electricity that can light up 413,000 homes annually," GE South Asia chief executive Banmali Agarwala said in a statement here.
Renewables accounts for five percent of the country's energy mix by production and 12 percent by installed capacity.
Bangalore, April 3 : State-run Hindustan Aeronautics Ltd. (HAL) posted Rs. 15,180 crore sales turnover for the just-concluded fiscal 2013-14, registering a marginal six percent growth over previous fiscal (2012-13) at Rs. 14,324 crore.
"We rolled out 60 aircraft and helicopters, achieved the initial operational clearance for the light combat aircraft (LCA) Tejas fighter and filed 209 patents during the fiscal under review," HAL chairman R. K. Tyagi said in a statement here.
Bangalore, April 3 : The India arm of the $32 billion healthcare and well-being giant Royal Philips Thursday unveiled six innovations in areas ranging from miniature ultrasound system and remote critical care to air purification and lighting that have all been developed within the country for global markets.
Bangalore, April 1 : Indian astrophysicist Abhas Mitra, at the Bhabha Atomic Research Centre (BARC) in Mumbai, who had once challenged the Black Hole theory of Britain's famed Stephen Hawking is in the limelight again.
Mitra's earlier research had claimed that the so-called "Black Holes" must be grey-holes and not exact black holes, and the so-called "Dark Energy" -- a topic of Physics Nobel in 2011 -- must be an artifact rather than a real entity.
His views remain uncontested till now.
Bangalore, March 27 : Hospitality major Hilton Worldwide is expanding its presence in this tech hub by opening its second hotel in the city's upscale eastern suburb Friday.
"As our fourth brand hotel in India, Hilton Bangalore Residences will expand our presence in an important market in the country, which is among our key strategic regions," Hilton Hotels & Resorts global head Rob Palleschi said in a statement here Thursday.
Bangalore, March 26 : LG Electronics Wednesday opened a 4G (fourth generation) Long Term Evolution (LTE) zone in this tech hub to offer high-speed data service for mobile phones, tablets and laptops.
India's leading telecom services provider Airtel and US-based chip maker Qualcomm are partnering with the South Korean electronics major to provide seamless switching between content, connectivity and high speed using the 4G mobile communication technology.
Bangalore, March 25 : Leading healthcare service provider Fortis Healthcare Ltd is expanding its presence in this tech hub with 280 hospital beds, a statement said here Tuesday.
This will include a 70-bed mother and child care facility.
"The 210-bed tower in the city's southern suburb will have a cancer-care facility, with additional operation theatres, a brain suite and intensive care units," Fortis said.
Bangalore, March 25 : Toyota India has hired about 1,000 people on contract to resume production as a stand-off with its trade union continued Tuesday over its employees not signing an undertaking for good conduct before resuming duty.
"As employees are not joining duty even after the eight-day lockout was lifted early Monday, we have taken about 1,000 people on contract to resume production," a company official told IANS Tuesday, citing a statement issued earlier.
Bangalore, March 24 : Brand value of Indian IT bellwether Tata Consulting Services (TCS) zoomed 58 percent this fiscal (2013-14) to $8.2 billion from $5.2 billion the last fiscal with recognition as the world's fastest growing global IT services brand.
According to the London-based brand valuation firm Brand Finance, TCS brand value grew faster than its global peers IBM, whose brand value grew 10 percent year-on-year (YoY) to $41.5 billion from $37.7 percent; HP 23 percent YoY to $19.8 billion from $16.1 billion and Accenture 22 percent YoY to $11 billion from $9 billion.
Bangalore, March 24 - The stand-off between Toyota India and its agitating employees continued as they refused to sign an undertaking for joining duty after eight-day lockout was lifted early Monday.
"As we are against giving or signing any undertaking, none of us has entered the factory for the first shift beginning 6 a. m.," Toyota Kirloskar Motor Ltd. union president Prasanna Kumar told IANS here.
A defiant management has been insisting that the workers should be give an undertaking to abide by rules governing their work ethic and conduct.
Bangalore, March 21 - Toyota India has agreed to lift the lockout in its twin car plants five days after shutting them down over a failed wage hike deal with its employees.
"The decision (to lift lockout) was taken considering the inclination and in the interest of the majority of law-abiding team members," Toyota Kirloskar Motor Ltd said in a statement hours after talks with its workers' union ended in presence of a senior state labour official here late Thursday.
The company, however, has asked the employees to give an undertaking on good conduct before resuming work Monday.
Bangalore, March 20 - Toughening its stand against agitating employees, Toyota India has suspended 17 workers for misconduct and indiscipline four days after it declared a lockout in its twin factories near here.
"The suspended employees are all members of the union. The lockout was declared more because of indiscipline than on wage hike demand though it all began with that," Toyota Kirloskar Motor Ltd (TKM) spokesperson told IANS here Thursday.
Bangalore, March 18 : Agitating Toyota's workers Tuesday said they are open to lower their wage hike demand to persuade management to lift the lockout declared Sunday.
"We are open to reduce our wage hike demand to Rs. 4,000 per month from Rs. 8,000 asked earlier for fiscal 2013-14 in view of the increase in cost of living and more workload, as we want management to lift lockout immediately," Toyota Kirloskar Motor Ltd Union president Prasanna Kumar told IANS here Tuesday.
Bangalore, Mar. 16 : Aam Aadmi Party (AAP) chief Arvind Kejriwal on Sunday organized a road show in Bangalore and said the people of the state are fed up with both the Congress and the Bharatiya Janata Party (BJP).
"The people here are fed up with both the Congress and the BJP. Both the parties have indulged in corrupt practices in the state. The people of Delhi had uprooted both these parties in the recent assembly elections. They had elected an honest government," Kejirwal said.
"Earlier, we didn't have an alternative to these two parties. But today, you have an option to choose an honest party," he added.
Bangalore, March 15 : Aam Aadmi Party (AAP) leader Arvind Kejriwal said Saturday the media has no guts to expose the darker side of Gujarat under the leadership of BJP's prime ministerial candidate Narendra Modi.
"Has media guts to expose Modi? They are only repeating all the lies he tells in campaign speeches about the so-called development in Gujarat," an unfazed Kejriwal told reporters here during the AAP road show underway in this tech hub.
Continuing his vicious attack on the media, especially news channels, Kejriwal said the truth about Modi's development claims was hollow.
Bangalore, March 12 : IT bellwether Wipro has entered into a strategic partnership with the US-based SGI to service its customers and partners in big data and computing, and expand its market presence in India.
"As exclusive authorised service provider for SGI, we will also provide new solutions, maintenance services and enhanced support to its customers and partners across the country," Wipro vice-president Anuj Bhalla said in a statement here.
Bangalore, March 7 : India's IT bellwether Wipro Ltd. was honoured with the Women's Empowerment Principles (WEP) leadership award in New York for its commitment to gender equality and responding to women's multiple responsibilities through innovative programmes.
T. K. Kurien, Wipro chief executive, who received the award at the UN headquarters during the WEP annual event Friday, said creating an inclusive and non-discriminatory workplace was aimed at helping women executives realise their career ambitions.
Bangalore has become India's first city to receive an electric zero-emission bus. Transport Minister Ramalinga Reddy launched the environment-friendly Rs2.7-crore bus in the city on Thursday.
Mr. Reddy acknowledged that the electric bus is very expensive, but he stressed that it would likely prove to be a good deal in the long-term. He expressed hope that price of electric buses would likely come down in the future.
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