Bangalore, 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.
Bangalore, June 15 : Petroleum Minister M. Veerappa Moily Saturday denied he had said that he faced a threat personally from oil import lobbies.
"I did not say that. My statement has been confused by media," he told reporters on the margins of a function here.
Speaking in Kannada, Moily said what he had stated was there was "fear or anxiety" over undertaking large-scale oil exploration as there was "obstruction" to it.
Bangalore, June 15 : Infosys' co-founder N. R. Narayana Murthy will provide strategic direction to the global software major on return as executive chairman, outgoing chairman K. V. Kamath said Saturday.
"Murthy, who has consented to be executive chairman again, will guide the company when the industry is facing challenges of an inflexion point in the technology business and provide strategic direction at this point of time," Kamath said at the company's 32nd annual general meeting here.
Bangalore, June 13 : Indian IT bellwether Wipro Ltd Thursday announced an average wage hike of six-eight percent to its offshore employees and two-three percent to onsite employees from this month.
"In line with the practice of rewarding high performers, we are giving double-digit hikes to our offshore and onsite employees," the company said in a statement here.
Wipro's wage hike announcement was close-on-the heels of its rival Infosys giving a similar hike to its offshore and onsite employees but from July 1.
Bangalore, June 13 : Global chip maker Intel Corporation has designed and developed a new Atom microprocessor in 22 nanometer (nm) to power a range of smart phones and tablets for higher performance with less power consumption, a company official said Thursday.
"Our forthcoming Atom chip and Silvermont micro-architecture will accelerate mobile computing of smart phones and tablets to enrich user experience," Intel Asia-Pacific product marketing manger George Chacko said at a preview of the latest devices here.
Bangalore, June 13 : Indian IT bellwether Infosys Ltd Thursday announced salary increments to eligible employees in India and overseas with effect from July 1 of this fiscal (2013-14).
"All eligible employees based in India will be given a salary increase of eight percent while those in other geographies who have not been covered by annual hike in February, can look forward to an increase of three percent in their salary," the company said in a statement here.
The company's global sales force will also be given an eight percent increase in their salary retrospectively from May 1.
Bangalore, June 12 : Indian IT bellwether Wipro Ltd is expanding its operations in Germany and plans to hire about 1,000 techies over the next three years, the global software major said Wednesday.
"As Germany is one of our focus geographies, which will play a vital role in driving our growth, we are investing substantially in the region," Wipro chief sales and operations officer for growth markets Rajat Mathur said in a statement from Cologne.
The investments will be made to build domain knowledge in growth verticals and hire local talent with delivery and programme management capabilities.
Bangalore, June 10 : The condition of 94-year-old legendary singer Manna Dey continued to remain critical at a private hospital on the city's outskirts, a close family friend said late Sunday.
"There is not much change in Mannada's condition, which remains critical due to multiple organ failure. He has been put on life-support system to stabilise his other vital parameters," the friend told IANS while requesting anonymity.
The nonagenarian multilingual playback singer has been ailing for over a month because of old age-related complications.
Bangalore, June 1 : An electrical glitch in the rocket Saturday forced the Indian space agency to put off its first regional navigation satellite (IRNSS-1A) launch June 12 by two weeks.
"During the checks of the polar launch satellite vehicle (PSLV-C22), an anomaly was noticed in one of the electro-hydraulic control actuators in the second stage," the state-run Indian Space Research Organisation (ISRO) said in a statement here.
Bangalore, June 1 : Rohan Murty, son of Infosys co-founder and re-appointed executive chairman N. R. Narayana Murthy, will join the company as an executive assistant to his father, the company announced here Saturday.
Infosys said in a statement that Narayana Murthy has requested the board to permit him to put together a team to allow him to function more effectively.
The team will include his son, Rohan, as Narayana Murthy's executive assistant.
Rohan is a junior fellow of the Society of Fellows at Harvard University.
Bangalore, June 1 : Karnataka's new Congress Chief Minister Siddaramaiah has started his innings on a mixed note - forming a ministry with a fairly clean image but making announcements upsetting not just the opposition but also a section of his own party.
The controversial announcements came a day after he took over May 13 and ahead of forming the ministry. He had taken oath alone after the party won 121 seats in the 225-member assembly in the May 5 election. The tally rose to 122 as it won one more seat later.
One such decision was the desire to introduce cheap liquor as production and sale of arrack has been banned in the state.
Bangalore-based infrastructure major, GMR Infrastructure Limited has said that it has recorded a net profit of Rs 579 crore during the fourth quarter till March 31, 2013.
The company had recorded a net loss of Rs. 366 crore during the same quarter of the previous financial year. The company recorded a profit after it sold its 70 per cent stake in GMR Energy Singapore Pte Limited (GESPL) to FPM Power Holding Limited in a deal valued at Rs. 1,231.25 crore.
Bangalore, May 30 : The state-run Hindustan Aeronautics Ltd (HAL) Thursday opened the software defined radio system at its strategic electronic research design centre in Hyderabad.
The indigenously developed system (Softnet) will be deployed for airborne communication and net centric warfare.
"As the future of communication technologies, the radio system will shape the net centric warfare in future and its indigenous development will reduce dependency on overseas suppliers to meet critical needs of the country," HAL chairman R. K. Tyagi said on the occasion.
Bangalore, May 28 : Two-wheeler manufacturer Honda Motorcycle and Scooter India Tuesday inaugurated its third plant in India in Narsapura, Karnataka, at an investment of Rs. 1,350 crore.
With production starting from June this year, Honda said, the new plant will enable the company to increase its cumulative annual production capacity by 64 percent in the current fiscal.
The new plant is conceived to produce 12 lakh units in phase-I and additional six lakh units in phase-II.
Bangalore, May 27 : A new collection of Sachin Tendulkar branded merchandise was launched which is up for sale exclusively on Collectabillia. com and Flipkart. com.
The collection is the first of such an initiative by Collectabilia. com and caters to Sachin's fans around the world.
The merchandise, such as pen drives, helmet-shaped paper-weights, diaries, and accessories including tie-pins, wallets, cricket-themed cuff links are among the many items that will be sold.
Bangalore, May 25 : An eight-year-old African girl from Nigeria got a new life after she was cured of a brain tumour at Narayana multi-specialty hospital in this tech hub.
Though Angel (name changed) underwent surgery in 2011 at the hospital's Mazumdar Shaw Cancer Centre when she was six years old, doctors diagnosed her of being relieved of the dreaded brainstem tumour (glioma) after monitoring her progress for two years.
"The complicated surgery has set a benchmark in pediatric oncology," the hospital's radiation oncologist, Sandeep Jain, who treated Angel, told IANS here Saturday.
Bangalore, May 24 : Karnataka Chief Minister Siddaramaiah will induct Congress legislator S. R. Patil into his ministry Saturday, four days ahead of the state legislature's first session after the party wrested power from BJP early this month.
"Patil will be sworn-in tomorrow (Saturday) by Governor H. R. Bhardwaj," the chief minister told reporters here Friday, a day after he got Congress president Sonia Gandhi's approval to take the party leader in the legislative council to the ministry.
Bangalore, May 20 : Leading pharma and nutraceutical export player Sami Labs Monday unveiled a holistic strategy to increase its market share in India to 10 percent in the near future from two percent currently.
"We are expanding and diversifying our client base across the country to sell a range of bulk actives and supply finished products for increasing our market share in India by five times," Sami Labs managing director Muhammed Majeed said here Monday.
Bangalore, May 18 Renowned automobile designer Dilip Chhabaria Saturday unveiled his design studio here to showcase his award-winning and innovative designs.
"It's a defining moment to have a design studio in Bangalore where the demand for luxury cars is growing. We will also set up a design school soon to train auto designers," Chhabaria said on the occasion at the studio, a joint venture with Emvee DreamzDrive.
As an authority in automotive design, DC Design showroom is displaying Avanti, the first Indian super car model to be launched this year, Renault Duster and Hyundai i20 models for the first time.
Bangalore, May 17 : Leading Turkish private bank Turkland Bank has deployed Finacle software product of Indian IT bellwether Infosys for its core banking, customer relationship management and treasury operations.
"Implementation of our core banking software (Finacle) at Turkland Bank is the first of its kind in Turkey, blending local practices with global best practices as the product meets the needs of retail and corporate customer segments," Infosys said in a statement here Friday.