Ashok Vemuri quits Infosys board

Ashok-VemuriBangalore, Aug 28 : Infosys' board member Ashok Vemuri has resigned, the global software major announced Wednesday.

"Vemuri has decided to leave Infosys. As an integral part of the company over the last 15 years, he has played a significant role in building the company's market leadership in the financial services and manufacturing verticals and North America," the company said in a statement here.

Vemuri was also the IT bellwether's head of Americas and global head of manufacturing and engineering services.

Titan will now make helmets, perfumes

Titan-logoBangalore, Aug 28 : India's leading watch, jewellery and eyewear maker Titan is set to make helmets in its new avatar as a Company instead of Industry with the star logo as its new identity.

"As part of our strategy to foray into unorganised and underserved segments in retail space, we will enter the helmet market in early 2014, with a superior quality product to ensure safety and comfort of two-wheeler riders," Titan managing director Bhaskar Bhat told reporters here Wednesday.

Toyota rolls out hybrid sedan from India plant

toyota-camry-hybridBangalore, Aug 28 : Japanese auto joint venture Toyota Kirloskar Motor Wednesday rolled out a new Camry hybrid sedan from its Bidadi plant, about 40 km from here.

"The indigenous version of Camry sedan makes India the ninth country for us to manufacture hybrid vehicles. As a pioneer in hybrid technology, we have sold around five million vehicles the world over," Toyota chief executive Hiroshi Nakagawa said on the occasion.

The hybrid version has 2.5 litre belt-less petrol engine with an electric motor and electronically controlled continuous variable transmission (E-CVT).

Jwala upset with lewd comments from fans

Jwala upset with lewd comments from fansBangalore, Aug 26 - Krrish Delhi Smashers icon player Jwala Gutta appeared visibly livid after she was peppered with some lewd comments from the fans during her tie against Banga Beats in the Indian Badminton league at the Sree Kanteerava Indoor Stadium here late Sunday night.

The 29-year-old Jwala, partnering V. Diju, won her mixed doubles rubber and the tie 4-1 against the hosts but had to deal with some hooting from the crowd who were teasing and taunting her during her match.

US Congressman bats for stronger ties with India

Ami-BeraBangalore, Aug 24 : Ami Bera, the only Indian American in the US Congress, Saturday called for stronger ties with India to meet challenges and opportunities of the 21st century.

"As world's pre-eminent democratic partners, India and the US should further strengthen their historical relationship to lead the world in this century," Bera said, delivering a keynote address at Dayananda Sagar Institutions here.

Ramya, Karnataka's first actress in Lok Sabha

Ramya, Karnataka's first actress in Lok SabhaBangalore, Aug 24 : Ramya, who was Saturday elected to Lok Sabha from Mandya constituency in Karnataka, is the first female actor from the state to enter parliament.

Fielded by the ruling Congress, she defeated C. S. Puttaraju of Janata Dal-Secular in the bypoll held Aug 21. Mandya is about 80 kms from Bangalore. This was her maiden electoral foray.

Glamorous Ramya is considered the "golden girl" of Kannada cinema as she has given several hits.

She has also acted in a few Tamil and Telugu films.

Green award for Infosys eco-buildings

Infosys-eco-buildings-MysoreBangalore, Aug 22 : Indian Green Building Council has awarded Infosys Ltd with the Leadership in Energy and Environmental Design (LEED) India platinum rating for eco-friendly green buildings at its Mysore and Mangalore campuses in the state.

"Our sustainable initiatives are aimed at achieving carbon and water neutrality in campuses across the state and country. The award is a recognition of our commitment to best practices," company vice-president Ramadas Kamath said here Thursday.

Indian astronomers help get peek into ancient cosmos

Indian astronomers help get peek into ancient cosmosBangalore, Aug 21 : Stars born billions of years ago emit signals, and a specialised radio telescope can capture such signals. Indian astronomers have been part of an international team building such radio telescopes to increase our knowledge of the early universe.

Four astronomers of the Raman Research Institute (RRI) in Bangalore participated in building a new radio telescope in Australia to track and receive signals from distant stars and galaxies, which emerged at cosmic dawn, 13 billion years ago.

Qatar will fly Dreamliner to Bangalore, Delhi

Qatar-AirwaysBangalore, Aug 20 : Leading Gulf carrier Qatar Airways will fly Boeing's Dreamliner to Bangalore and New Delhi from Sep 1 from its capital Doha.

"We are introducing Dreamliner to Bangalore and New Delhi, which are two of our important routes in India, to provide a great flying experience with excellent service and comfort," airline's country manager Henry Moses said in a statement here Tuesday.

The airline's 787s boast of wireless facilities to enable its passengers to remain in touch with those on the ground through internet and SMS mobile texting across business and economy classes.

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).

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