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)

All Bangalore ATMs must have full security by Monday 4 pm: police

All Bangalore ATMs must have full security by Monday 4 pm: policeNo 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.

Mauritius bank selects Infosys product for treasury

Bank-One-Infosys-FinacleBangalore, 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.

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.

I just took my chances: Rohit Sharma

rohit-sharmaBangalore, 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.

Rohit Sharma strikes double ton against Australia

Rohit-SharmaBangalore, 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)

Infosys to pay $34 million in US visa fraud case

InfosysBangalore, 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.

Scania opens manufacturing facility

Scania-LogoBangalore, 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.

Tata Elxsi Q2 net zooms 10-fold

Tata-ElxsiBangalore, 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.

SpiceJet now flies to Bangkok from Bangalore

SpiceJet now flies to Bangkok from BangaloreBangalore, 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.

Singer Manna Dey passes away in Bangalore

Singer Manna Dey passes away in BangaloreBangalore, 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.

Infosys wins award for resource management

Infosys wins award for resource managementBangalore, 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.

Infosys net up 1.6 percent in second quarter

InfosysBangalore, 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).

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