One more to be inducted in Siddaramaiah ministry Saturday

SiddaramaiahBangalore, 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.

Sami Labs eyes Indian market to boost sales

Sami-LabsBangalore, 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.

Chhabaria unveils auto design studio in Bangalore

dilip-chhabriaBangalore, 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.

Turkish Bank deploys Infosys' Finacle software

Turkland-Bank-Infosys-Finacle1Bangalore, 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.

Siddaramaiah sworn in as Karnataka chief minister

SiddaramaiahBangalore, May 13 : Karnataka Governor H. R. Bhardwaj Monday swore in Siddaramaiah as the 28th chief minister of the state at the sprawling Kaneetarava stadium in the city centre.

About 50,000 people, including family members and relatives of the 64-year-old Siddaramaiah, were present at the grand swearing-in ceremony that was marked by cheers, applause, patriotic fervour, music and folk dances under a cloudy sky and breezy weather.

Siddaramaiah took oath in the name of truth and the constitution after Bhardwaj prompted him in Kannada at 11.40 a. m. as the stadium reverberated in thunderous noise and witnessed boisterous scenes.

Karnataka CM resigns after BJP's rout

Jagadish-ShettarBangalore, May 8 : Karnataka Chief Minister Jagadish Shettar Wednesday resigned after his ruling BJP faced a humiliating defeat in the 14th state legislative assembly elections held Sunday.

According to a Raj Bhavan communique, Governor H. R. Bhardwaj accepted the resignation of Shettar and his council of ministers.

The governor has requested Shettar to continue in office till the formation of the new government by the Congress, which secured a comfortable majority of 121 in the 225-member assembly.

Yeddyurappa wins, aide Shobha loses

bs-yeddyurappaBangalore, May 8 : Former chief minister and Karnataka Janata Party (KJP) president B. S. Yeddyurappa won from Shikaripura Wednesday in his home district Shimoga, but his close aide Shoba Karandlaje lost badly from Rajaji Nagar in northwest Bangalore.

Though the KJP contested all 223 constituencies, it could win only in six. But it hurt the outgoing BJP's prospects all over the state, enabling the Congress to wrest power after seven years.

Yeddyurappa, who polled 69,126 votes, defeated his nearest Congress rival H. S. Shantaveerappa Gowda by 24,425 votes.

Congress wrests Karnataka, BJP in gloom

Sonia-GandhiBangalore, May 8 : The Congress Wednesday won a thumping victory in Karnataka to wrest power after a seven year gap, crushing the BJP in a key election ahead of next year's Lok Sabha ballot.

Prime Minister Manmohan Singh and Congress president Sonia Gandhi voiced their satisfaction over the Karnataka result that ended five years of tumultuous rule by the Bharatiya Janata Party (BJP) in the southern state.

Congress activists celebrated wildly all across Karnataka as a vote count that began at 8 a. m. showed that the party was set to finish with some 120 seats in the 225-member assembly -- seven more than the half-way mark.

Karnataka to host National hockey

hockey-indiaBangalore, May 7 : After a three-year interval, the much-diluted senior men's National Hockey Championship for the Rangaswamy Cup will commence here Wednesday with defending champions Mumbai taking on hosts Karnataka in the opening fixture.

The week-long tournament that concludes on May 16, will see zonal winners Punjab (North), Mumbai (West), Karnataka (South), Jharkhand (East), Uttar Pradesh (Central) and Manipur (North-East) playing one another on a single league basis followed by classification matches for positions 1-4.

Riven by graft, Karnataka votes Sunday to elect new government

Karnataka-PollsBangalore, May 3 : It has been a bitter five years marked by corruption, intrigue and vicious infighting with the ruling Bharatiya Janata Party (BJP) splitting right down the middle but Karnataka voters hope to put it behind them when they vote in a new assembly Sunday.

The polls have drawn national attention as the ruling BJP and the Congress, the two major contenders for power, are locked in a bitter war of words over corruption.

Biocon group net up 51 percent in fiscal 2013

Biocon-LtdBangalore, April 26 : India's biotechnology major Biocon Ltd posted consolidated net profit of Rs. 509 crore for fiscal 2012-13, registering a whopping 51 percent year-on-year (YoY) growth over previous fiscal (2011-12) at Rs. 338 crore.

In a regulatory filing to the Bombay Stock Exchange (BSE) Friday, the Bangalore-based firm said consolidated income for the fiscal (FY 2013) under review grew 18 percent YoY to Rs. 2,538 crore from Rs. 2,148 crore year ago.

Poland eyes Indian investors with low-cost advantage

Poland-FlagBangalore, April 26 : As the second fastest growing economy in Europe after Germany, a recession-free Poland is beckoning Indian industry to invest by taking advantage of its low-cost labour, tax sops, proactive policies and state-of-the-art infrastructure.

"Poland is the only country in Europe which did not get affected by the global financial crisis in 2008 and avoided recession that gripped many European Union (EU) member-states," Polish consul general in Mumbai Janusz Wach said at the eighth Polish Outsourcing Forum held here Thursday.

US economy improving but Europe volatile: Premji

Azim-PremjiBangalore, April 19 : Amid global uncertainty and challenging environment, latest data shows improvement in the US economy while debt-ridden Europe remained volatile, Wipro chairman Azim Premji said Friday.

"The overall macro-economic data in the US seem to be improving, while in Europe, the economic backdrop remains very weak and will remain volatile," Premji told reporters here.

Though sentiments in the European financial markets continued to improve in the early months of 2013, the IT czar said customers, however, expected their vendor partners to own outcomes and deliver value.

Wipro net up 17 percent in fourth quarter

Wipro net up 17 percent in fourth quarterBangalore, April 19 - Wipro Ltd posted net profit of Rs. 1,729 crore (Rs. 17.3 billion) for January-March quarter of fiscal 2012-13, registering 17 percent growth year-on-year (YoY) as per the Indian accounting standard.

In a regulatory filing Friday, the Indian IT bellwether said total revenue for quarter under review (Q4) increased 12 percent YoY to Rs. 11,026 crore (Rs. 110.3 billion).

Under the International Financial Reporting Standard (IFRS), net income rose 17 percent YoY to $317 million and total income 12 percent YoY to $2.02 billion for the quarter under review.

Wednesday's explosion is fourth terror attack in Bangalore

Bangalore-BlastBangalore, April 17 : The blast near the BJP office in Bangalore Wednesday is the fourth terror strike in the Karnataka capital, home to renowned educational institutions and global information technology firms.

The blast, which left 16 people injured -- two seriously, took place exactly three years after the twin explosions at Chinnaswamy Stadium in the city centre, ahead of an Indian Premier League T20 cricket match, which left 15 injured.

IPL: RCB squeeze thru in Super Over

IPL: RCB squeeze thru in Super OverBangalore, April 17 - Royal Challengers Bangalore pipped Delhi Daredevils in the Super Over after a tie to record their fourth win in six outings while the visitors slid to their fifth straight defeat in the Pepsi IPL here Tuesday.

Asked to bat first, Daredevils made 152 for five while RCB, cruising at 129 for two at one stage, all but committed hara-kiri as they lost five wickets in a matter of 17 deliveries leaving them to get 12 off the 20th over bowled by Irfan Pathan.

Infosys to combat cyber security threat with Belfast varsity

QUB-Infosys-LogoBangalore, April 16 :  Indian IT bellwether Infosys Ltd has tied up with Queen's University in Belfast, Ireland, to combat the global cyber security threat.

Invest Northern Ireland, the Irish government's regional business development agency, will also collaborate in the project.

"The partners will set up a research, education and commercialisation model, develop solutions and intellectual property for combating cyber security threats arising out of digital and cloud-based business models," the global software major said in a statement here Tuesday.

Sami Labs takes Indian herbal medicine to the world

Sami-Labs-LogoBangalore, April 15 :  In a world dominated by allopathic multinationals and their smart marketing strategies, a little-known Indian company in this tech hub has made inroads into the global healthcare sector, focusing on research and development (R&D) in herbal medicines.

"Our mission has been to unlock the mystery of herbs and extract their goodness through biotechnology," Sami Labs founder Muhammed Majeed told IANS here.

Infosys net up 13 percent for fiscal 2012-13

Infosys net up 13 percent for fiscal 2012-13Bangalore, April 12 - Infosys Friday reported net profit of Rs. 9,421 crore (Rs. 94 billion) for fiscal 2012-13, registering 13.3 percent year-on-year (YoY) growth over previous fiscal (2011-12) at Rs. 8,316 crore (Rs. 83 billion), as per the Indian accounting standard.

In a regulatory filing, the IT bellwether said consolidated revenue, however, increased 19.6 percent YoY to Rs. 40,352 crore (Rs. 404 billion) from Rs. 33,734 crore (Rs. 337 billion) in the same period of previous fiscal (FY 2012).

Karnataka assembly poll process formally begins

Karnataka-Election-2013Bangalore, April 10 : The May 5 Karnataka assembly poll process formally started Wednesday with the opening of nominations for the 224 seats of the 225-member house that includes one nominated member.

As nominations close April 17, filing of papers by candidates of major political parties would actually begin Friday, a day after they usher in Ugadi, the Kannada New Year festival to be celebrated Thursday.

Also deciding the day and time of nomination filing by a significant number of candidates would be the alignment of stars as they believe in astrology and go by their favourite gurus.

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