Siddaramaiah embarrassed over Modi comparison

SiddaramaiahBangalore, Aug 20 : The ruling Congress in Karnataka was left red-faced after Housing Minister M. H. Ambareesh compared Chief Minister Siddaramaiah to the party's bete noire Gujarat Chief Minister Narendra Modi.

The Congress' embarrassment has become all the more acute as Ambareesh, a popular Kannada actor, committed the faux pas Monday, two days ahead of voting in bypolls to two Lok Sabha seats from the state.

Siddarmaiah, who completed 100 days in office Tuesday, sought to downplay Ambareesh's comments by saying he and Modi were poles apart and rejected any comparison with his Gujarat counterpart.

Leo Puri steps down from Infosys board

Leo Puri steps down from Infosys boardBangalore, Aug 14 : Independent director Leo Puri Wednesday stepped down from the board of Infosys following his appointment as UTI Asset Management managing director.

"Though Leo Puri's association with Infosys has been a short one, we will miss his knowledge and experience in the consulting and investment field," Infosys chairman N. R.  Narayana Murthy said in a statement here.

Puri, a former senior advisor to McKinsey's Asia-Pacific financial institution practice, had joined the Infosys board Apr 11 this year.

Jubilant's molecule gets FDA approval for drug trials

Jubilant's molecule gets FDA approval for drug trialsBangalore, Aug 10 : The US Food & Drug Administration (FDA) accepted the novel molecule of the Bangalore-based Jubilant Biosys Ltd for clinical trials to treat prostate cancer, the pharma company said Saturday.

"The FDA acceptance of our investigational new drug relates to the new molecule targetting prostate cancer. Approval of our filing paves way for the next stage of development and clinical trials later this year," Jubilant drug discovery services president Subirkumar Basak said in a statement here.

Infosys unveils new solution for wealth management

Infosys-LtdBangalore, Aug 7 : Global software major Infosys Ltd Wednesday unveiled a new solution for wealth management, which will enable banks to enhance their retail service to high net worth individuals and affluent customers.

"Our latest version of Finacle (a software product) allows banks to quickly introduce financial planning and investment products to high net worth individuals and affluent customers," the IT bellwether said in a statement here.

Is dust pollution speeding up melting of Himalayan glaciers?

Himalayan-glaciersBangalore, Aug 5 : The International Association of Cryospheric Sciences (IACS) proposes to set up a working group to study the impact of dust and black carbon from forest fires on the accelerated melting of snow and glaciers on the Himalayas. The decision was taken at a recent meeting in Davos, Switzerland.

HAL delivers advanced UAV to Bharat Dynamics

Lakshya-1-UAVBangalore, July 27 : State-run defence behemoth Hindustan Aeronautics Ltd (HAL) has delivered its advanced Lakshya-1 Unmanned Aerial Vehicle (UAV) to state-run Bharat Dynamics Ltd (BDL) at Hyderabad for content aggregation , the company said Saturday.

Designed and developed by the state-run Aeronautical Development Establishment (ADE) of the Defence Research and Development Organisation (DRDO), the pilotless target aircraft is powered by an HAL aero gas turbine engine (PTAE-7) and is deployed as a reusable target system.

Wipro net up 11 percent in Q1

WiproBangalore, July 26 : Wipro Ltd posted net profit of Rs. 1,623 crore (Rs. 16 billion) for first quarter (April-June) of fiscal 2013-14, registering 11 percent growth year-on-year (YoY) as per the Indian accounting standard.

In a regulatory filing to the stock exchanges Friday, the IT bellwether said its total revenue for the quarter (Q1) under review grew five percent YoY to Rs. 9,735 crore (Rs. 97.4 billion).

Under the International Financial Reporting Standard (IFRS), net income increased to $273 million and total revenue to $1.64 billion.

RGIPT to set up third ‘fire & safety’ centre near Bangalore

RGIPT-logoRajiv Gandhi Institute of Petroleum Technology (RGIPT) will set up its third `fire & safety' centre for petroleum sector near Bangalore.

The upcoming centre, which will be set up at a cost of Rs 355 crore, will work on developing fire and safety technologies for the oil and gas sector.

D. M. Reddy, president of RGIPT, said that the institute had already partnered with Texas A&M University for getting technical assistance as well as faculty.

Google to help Indian SMEs adopt digital ads

GoogleBangalore, July 20  : Global search engine provider Google will train small and medium enterprises (SMEs) across the southern states to grow their business by adopting digital advertising, a senior official said Saturday.

"We will train our partners in the southern region to provide expertise in developing and launching digital campaigns for SME businesses," Google managing director Todd Rowe said in a statement here.

The training will offer end-to-end solutions, including search engine marketing, localised solutions across Google's properties and mobile advertising platform.

Posco pulls out of Karnataka over land delay

PoscoBangalore, July 16 : Due to prolonged delay in land acquisition, South Korean steel major Posco has decided to pull out of Karnataka where it was planning to set up its $5.3-billion (Rs. 31,800-crore) steel plant, a top company official said Tuesday.

"We have decided to scrap the six-million tonne steel project in Karnataka due to long delay in acquiring the required land in the state," Posco India chairman and managing director Yong Won Yoon said in a statement here.

Infosys net up 3.7 percent in first quarter

Infosys net up 3.7 percent in first quarterBangalore, July 12 - Infosys Ltd posted Rs. 2,374 crore (Rs. 23.7 billion) net profit for the first quarter (April-June) of this fiscal (2013-14), registering a marginal increase of 3.7 per cent year-on-year (YoY) as per the Indian accounting standards.

In a regulatory filing Friday, the global software major said consolidated revenue for the quarter under review (Q1), however, grew 17 percent YoY to Rs. 11,267 crore (Rs. 112.7 billion).

Lahiri fires 62 to take lead at Eagleburg Open

Anirban-LahiriBangalore, July 3 : Local favourite Anirban Lahiri, after enduring a poor first round, bounced back with a vengeance with an awesome 10-under-62 to seize the lead in the PGTI Eagleburg Open at the Eagleton Golf Resort near here Wednesday.

Lahiri's two-day total stood at nine-under-135 following his one-over 73 in the first round. Lucknow's Sanjay Kumar fired a five-under-67 to be placed second at eight-under-136.

Rahul Dravid bereaved

rahul-dravidBangalore, July 3 : Sharad Dravid (79), father of former India captain Rahul Dravid, passed away here Wednesday evening at his residence, according to a press release from the Karnataka State Cricket Association

Sharad Dravid is survived by wife Pushpa and sons Rahul and Vijay. It was learnt that the last rites would be performed Thursday morning.

The president, office-bearers and the members of the managing committee of the KSCA mourned the sad demise and offered their condolences to the aggrieved family. (IANS)

No hike in rail fares this year: Kharge

Mallikarjun-KhargeBangalore, July 1 : There would be no increase in train fares during the 2013-14 fiscal despite rising diesel price, Railway Minister Mallikarjun Kharge said Monday.

"There is no proposal to hike rail fares again this year and the railways will absorb the additional cost of diesel price, which has been going up marginally," Kharge told reporters here.

Passenger fares were increased across the board from Jan 22 by then minister Pawan Kumar Bansal to mobilise an additional Rs. 6,600 crore per year after successive railway ministers in the past kept these unchanged for a decade.

Indian pharma major to supply vaccines to Egypt

Biological-e-limitedBangalore, June 28 : Leading Indian biopharmaceutical firm Biological E Ltd. will supply to Egypt pentavalent vaccines - a combination of five vaccines-in-one (against diphtheria, tetanus, whooping cough, hepatitis B and haemophilus influenza type B) in a single dose.

"We have entered into $200-million contract with the state-run Vacsera and its subsidiary Egyvac to manufacture and supply pentavelant vaccines to Egypt for 10 years," company spokesman Narender Mantena said in a statement here Friday.

Philips Electronics unveils products for neonatal treatments

Philips-ElectronicsBangalore, June 27 : In order to provide better solutions to reduce infant mortality, Philips Electronics India Thursday launched a suite of healthcare solutions products.

"India loses over three lakh babies every year. Many of these are premature and low birth weight infants who are exposed to hypothermia," Wido Manhardt of Philips Innovation Centre said here.

"The Philips Efficia range of infant warmers and incubators are intended to reduce infant mortality which is much needed in India," Menhardt said while launching the products.

US firm to design surveillance chips in India

Geo-Semiconductor-IncBangalore, June 26 : US-based industry leader in geometric processors Geo Semiconductor Inc. will design chips for surveillance cameras in this tech hub, an official said Wednesday.

The chips will be used in smartphone peripherals, automobiles, video conferencing and gaming at its newly set up research and development (R&D) here.

Emerson to offer smart solutions with NxtGen data services

Emerson-Network-PowerBangalore, June 19 : IT infrastructure major Emerson Network Power Wednesday entered into a strategic alliance with NxtGen Data Centre and Cloud Service Ltd to offer its integrated smart solutions to Indian enterprises.

"The partnership will enable us to provide smart solutions to our customers across India using NxtGen's on-premises data centre services," Emerson Network Power managing director Sunil Khanna told reporters here.

Karnataka to act against corrupt officials in mining scam

SiddaramaiahBangalore, June 18 : Karnataka will soon permit the state ombudsman (Lokayukta) to prosecute senior officials named in the probe report on the multi-crore iron ore mining scam in the state, Chief Minister Siddaramaiah said Tuesday.

"We will sanction permission to the ombudsman to prosecute about 130 officials, including those of IAS and IPS ranks named in the Lokayukta report, which named them for their role in the mining scam," Siddaramaiah told editors of local newspapers and bureau chiefs of news agencies here.

Investors hope Murthy's return will revive Infosys fortunes

NR-Narayana-MurthyBangalore, June 15 : Investors of India's second largest IT bellwether Infosys Ltd Saturday hoped the return of iconic co-founder N. R. Narayana Murthy as executive chairman would revive the company's fortunes.

"Re-induction of Murthy as chairman augurs well for all the stakeholders as he was instrumental in building Infosys and making it a global software major," a shareholder said at the company's 32nd annual general meeting (AGM) here. The view was echoed by many others too.

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