No state-run or private bank across Bangalore would be able to make any transaction from their ATMs after Monday 4 pm if they do not deploy full security at their ATM kiosks, the Bangalore Police declared on Thursday.
All banks in the city have been ordered to provide full security at their ATM kiosks in wake of a brutal attack on a woman in an unguarded ATM kiosk earlier this week.
Bangalore, Nov 15 : Bank One, a leading bank in the island nation of Mauritius off the southern African coast, selected the financial software product Finacle of Indian IT firm Infosys for its treasury operations, the software major said Friday.
"The bank's treasury operations have been automated with our Finacle product to enhance efficiency and reduce manual effort. The software empowers its users to diversify their investments in treasury products and maximise returns," the company said in a statement here.
Bangalore, 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.
Bangalore, 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.
Bangalore, 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.
Bangalore, 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.
Bangalore, 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.
Bangalore, Nov 2 : Rohit Sharma said it was all about staying on the wicket as he got to a double ton against Australia in the seventh and the final ODI of the series at the M. Chinnaswamy Stadium here Saturday.
Sharma became the third Indian after his compatriots Sachin Tendulkar (200 not out) and Virender Sehwag (219) to score double centuries in ODIs. His 158-ball 209 was studded with 12 fours and a record 16 sixes.
"To get 200 runs is a wonderful feeling. The idea was to stay on the wicket and capitalise later. This is a small ground and it's easier to hit and I just took my chances," the 26-year-old Sharma said.
Bangalore, Nov 2 : Indian batsman Rohit Sharma Saturday became the third cricketer after compatriots Sachin Tendulkar and Virender Sehwag to score a double hundred in ODIs.
Sharma struck 209 off 158 balls against Australia in the seventh and the final ODI against Australia here at the M. Chinnaswamy Stadium. It was studded with 12 fours and 16 sixes. It was a record for the most sixes in an innings.(IANS)
Bangalore, Oct 30 : Indian IT bellwether Infosys Wednesday agreed to pay $34 million (Rs. 208 crore) to resolve charges of misusing B-1 visas levelled against it by the US State Justice Department.
"We have agreed to pay $34 million to resolve all allegations for which we have taken a reserve of $35 million, including attorney's fee. The settlement is focused on I-9 paperwork errors from 2010-11 that we began correcting before the investigation began," the global software major said in a statement here.
Bangalore, Oct 29 : Swedish automobile major Scania Commercial Vehicles Tuesday opened its maiden manufacturing facility in Narsapura, near here. The plant has come up with an initial investment of Rs. 250 crore.
The company's new plant, inaugurated by Karnataka Chief Minister S. Siddaramaiah, will manufacture about 2,500 heavy haulage trucks, besides 1,000 inter-city buses and coaches annually.
"Today marks the beginning of a new era for us in India, and it is our largest industrial footprint in Asia so far," said Martin Lundstedt, president and chief executive, Scania Global.
Bangalore, Oct 29 : Leading IT product design firm Tata Elxsi posted a Rs. 20 crore net profit for the second quarter (July-Sept) of this fiscal (2013-14), registering a 10-fold growth year-on-year (YoY) from Rs. 1.8 crore in the like period a year ago.
"Sequential growth, however, is 22 percent from first quarter (April-June) of this fiscal (FY 2014)," the $100-billion Tata group company said here in a statement Tuesday.
Bangalore, Oct 25 : Low-cost carrier SpiceJet Friday launched a direct service to Bangkok from here to fly mainly business and leisure travellers to one of the popular holiday destinations in southeast Asia.
Operating the service four days a week - Friday, Sunday, Monday and Wednesday - in both directions, the private airline has priced the one-way fare at Rs. 7,999 and offers connections from other cities on its network through Bangalore.
Bangalore, Oct 24 - India's 94-year-old legendary playback singer Manna Dey passed away after a prolonged illness in the wee hours of Thursday at a private hospital on this city's outskirts.
"Dey breathed his last around 4 a. m. after his condition suddenly deteriorated in the wee hours though he was on a ventilator," K. S. Vasuki, spokesman of Narayana Hrudayalaya, told IANS.
Dey, who was ailing for over four months, leaves behind two daughters Rama and Sumita.
Bangalore, Oct 18 : IT bellwether Infosys Ltd Friday announced it has won the 'Corporate Sustainability Stewardship' award for efficient management of energy, waste and water resources in its production processes and operations.
The Parivartan sustainability leadership awards, instituted by Sustainability Outlook, a not-for-profit social organisation, recognise corporates and their executives who contribute in the field of sustainability every year.
Bangalore, Oct 11 : Infosys Ltd posted Rs. 2,407 crore net profit for second quarter (July-Sep) of this fiscal (2013-14), registering a marginal increase of 1.6 percent year-on-year (YoY) as per the Indian accounting standard.
In a regulatory filing to the stock exchanges Friday, the IT bellwether said consolidated revenue for the quarter under review (Q2) jumped 31.5 percent YoY to Rs. 12,965 crore (Rs. 130 billion).
Sequentially, net profit grew 1.4 percent and revenue 15.1 percent from first quarter (April-June) of this fiscal (FY 2014).
Bangalore, Oct 10 : Leading integrated technology firm iGate Corporation reported $32 million net income for third quarter (July-September) of calendar year 2013, registering an increase of 13 percent year-on-year (YoY) from $28 million in same period last year.
Net income grew sequentially 6.3 percent from $30 million in second quarter.
Bangalore, Oct 5 : India's sagging economy would recover from stress in the second half of this fiscal to return to high growth over the next two years, Finance Minister P. Chidambaram said Saturday.
"The country's economy will recover from stress this fiscal (2013-14) as it has enough the capacity to get over it to post higher growth than last fiscal (2012-13)," Chidambaram said on the margins of a bank function here.
Bangalore, Oct 3 : Infosys Ltd Thursday signed a multi-year contract with Japanese auto major Toyota Motor to manage its IT services in Europe.
"The four-year deal envisages deployment of a managed service model, covering applications across Toyota's operational areas in Europe, including automotive processes to enable its IT employees focus on business and project development," the global software major said in a statement here.
The IT bellwether has been a key partner of Toyota for its pan-European projects and transformation delivery services.
Bangalore, Oct 3 :Global software major Wipro Ltd Thursday shuffled its senior executives to capitalise on the growth momentum picking up in the US and European economies.
As part of the rejig, senior vice-president Shaji Farooq has been appointed as global head of its banking, financial services and insurance (BFSI) strategic business unit in place of Soumitro Ghosh, who will head Wipro Infotech, which looks after the India and Middle East business.