Bangalore, Jan 7 : The Chairman of Satyam Computers, B Ramalinga Raju, today resigned after admitting to major financial wrong-doings.
The resignation of Ramalinga Raju has come as a shock to the board. In his letter to the board, he wrote that company has accounted exaggerated revenues over the years.
Raju, in his resignation letter, admitted to have inflated cash and bank balances of Rs 5,040 crore as against Rs 5,361 crore reflected in the books of accounts.
Terrorists have targeted the information technology companies in Bangalore. Some unidentified persons made calls and sent e-mails threatening to blow up few IT companies, including Infosys and Wipro.
The mails and calls, made just after the recent Mumbai terror attacks, have put the City police on high alert.
15 threatening mails and calls have been received so far.
There are numerous IT companies in the State, which serve as one of the main sources of revenue for the government.
A 20 year old, first year student of Baldwin College, was shot dead early in the morning on Sunday when he intruded into the Flag Staff House in Bangalore.
Army guards shot him as they thought him to be a terrorist when he entered a Brigadier's residence and there after tried to flee.
The student, identified as Mohammad Mukarram, was drag racing with some of his friends on MG Road when the police chased them away.
Mukarram ran and entered the Flag Staff House.
Deputy Commissioner of Police (East) , BK Singh, said that the student did not surrender when asked to do so by the sentries and they thus fired three rounds.
Police said that Mukarram was taken to a hospital but he succumbed to his injuries.
Bangalore, Dec. 29 : While markets across the world are stated to be affected by the global slowdown, the Indian rose industry is doing good business even after Christmas.
With New Year and Valentines round the corner there is enthusiasm in the rose industry here. The cut flower industry of Bangalore city is reaping profits from the increasing export orders, owing to the weakening rupee against other currencies.
Exporters say that they are receiving orders from across the globe including Europe, Germany, France and Japan. Netherlands accounts for the maximum share of exports.
Vijay Mallya, the owner of the Bangalore Indian Premier League team dismissed information that the team was up for sale as the trading window for the second season opened on Monday.
Mallya said, “There has been some misinterpretation of a statement issued by my Bangalore office. The Bangalore IPL team is not for sale and neither do we seek to transfer a majority of our current players.”
A rumour of death of two infants after taking polio drops, triggers panic among parents in the Karnataka-Tamil Nadu border. A local Kannada channel news telecast that many children in Bangalore had died after taking the drops, also created panic in different parts of the city.
Bangalore, Dec. 21 : Hundreds of curious people are thronging to watch the 16 feet high Buckingham Palace model put on display at the 36th annual Nilgiri''s Cake Exhibition being held here.
Every year, apart from varieties rich plum cakes, marzipans, chocolates, cookies, ice creams, dairy desserts and X''mas goodies, an exclusive gigantic cake is the main attraction of this popular annual exhibition.
And, this year, the cynosure of eyes is the Buckigham Palace shaped model cake, structured from sugar sans any external reinforcement.
Bangalore, Dec. 14 : The Vice-President of India, Mohammad Hamid Ansari, on Sunday stressed the need for inspiring teaching and creating role models.
Bangalore, Dec 13 : Repeat whatever I say ok, yes sir repeated the pupils. " I will lead an honest life free from all corruption and will set an example for others to adopt a transparent way of life," said former President A P J Abdul Kalam while inaugurating an orientation camp for first-time legislators in Karnataka.
During a three day orientation camp organized by Karnataka Government and the Indian Institute of Management, Bangalore (IIMB), Dr. Kalam in his usual style prepared himself to teach these batches of MLAs and MLCs on good governance, constituency management and other critical issues concerning development.
Talking to media Dr. Kalam said that this orientation programmes was an important tool to promote development.
Bangalore, Dec 13 : Vice President Hamid Ansari today said that public funding for scientific and technological research and development should aim at enhancing public welfare and economic development.
Bangalore, Dec 11 : The Indian Space Research Organisation (ISRO) has set itself one more milestone to achieve, that of launching the ''W2M satellite'', a communication satellite developed by the agency, from French Guyana on December 20.
Built over a period of 26 months, this 3462-kilogram spacecraft is the heaviest developed by ISRO.
K. R. Sridhara Murthy, Managing Director, Antrix Corporation (ISRO''s commercial arm) said the communication satellite has been built for European EADS Astrium, a subsidiary of the European Aeronautic Defence and Space Company (EADS), and is currently undergoing launch preparations.
Bangalore, Dec. 1 : An angry father of slain National Security Guard (NSG) commando Major Sandeep Unnikrishnan on Monday refused to accept the condolences of Kerala Chief Minister V S Achuthanandan.
Directing his anger at the politician, K. Unnikrishnan, Sandeep''s father asked Achuthanandan to leave his home immediately.
As commandos gunned down the last of the militants on Saturday, ending the gun battle that started late on Wednesday night, local television channels were divided between covering the operations and an outpouring of venom against both the ruling Congress party-led coalition and the opposition Bharatiya Janata Party (BJP).
Bangalore, Nov. 22 : England cricket captain Kevin Pietersen has warned that the one-day international to be played at Guwahati, could also be decided by the Duckworth-Lewis rules, as bad light could curtail play.
Guwahati is the venue for the sixth one-dayer on November 29.
"They [the authorities] will have to do something about Guwahati. We are going to start there at 8.30 a. m. but that will still not make too much of a difference. It could get dark there by 3.30 p. m.," Cricinfo quoted Pietersen, as saying.
Guwahati is located in the north east and the sun sets earlier in the region than elsewhere in India.
Bangalore, Nov. 22: England all-rounder Andrew Flintoff was still angry last night at the injustice of England’s defeat.
All-rounder Freddie said the farcical conclusion of the third one-day international "left a bad taste in the mouth."
Former players who insisted the regulations must be changed to allow a proper game of cricket supported him, reports The Sun.
Bangalore, Nov 22: India's biotechnology industry is confident of excellent augmentation in the coming years despite global meltdown.
Experts feel that the Indian biotechnology industry, which currently holds only two percent share of the global market, has the potential to grow and emerge as global player in coming years.
Bangalore, India - German Foreign Minister Frank-Walter Steinmeier on Friday opened the first foreign consulate in India's information-technology hub of Bangalore.
More than 120 German firms operate in or near the southern city of 8 million people, including carmaker Daimler AG and software company SAP AG.
Bangalore, Nov. 19 : A roadside cobbler in Bangalore city has nurtured a big dream to earn name and fame for himself. He is determined to one day realize it by raising a collection of miniature shoes and sandals.
Fifty-year-old K. R. Shivshankar maintains a 6` by 3`shop, where he spends his day mending and polishing shoes and sandals of the passers by.
In a press conference on Monday, Liquor giant Diageo Plc, in association with MTV, kicked off Guardian Angel campaign against drunk driving. The campaign, to be based in Mumbai and Bangalore - the two cities considered as prominent party cities by the companies - a team of ambassadors dressed as angels will visit key watering holes.
The fears of low placement period for management students in the coming months may prove wrong as the summer placements at the Indian Institute of Management, Bangalore, were encouraging. The placement session ended on Saturday.
A total of 24% of the batch of 268 students confirmed positions in consulting firms cutting across finance, strategy and marketing functions. The single largest consulting sector recruiter was McKinsey and Co, which took five students.
Bangalore, Nov 15: Chandrayaan-1, India''s first moon mission achieved a significant landmark on Friday when the Moon Impact Programme, (MIP) was ejected by the spacecraft successfully onto the lunar surface with National Tri-Colour.
The MIP detached itself from Chandrayaan-1 about 100 km from the moon''s surface and crash-landed on the south pole of the moon exactly at 8:06 p. m last night It took 25 minutes to reach the Moon at a speed of 1.09 kilometres per second.
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