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.

Karnataka poll: Voting time advanced by an hour

vs-sampathBangalore, April 9 : The Election Commission Tuesday announced it was advancing the start of balloting time for the May 5 Karnataka assembly poll by an hour in view of the summer heat.

The booths will now open at 7 a. m. instead of 8 a. m. and close by 5 p. m., Chief Election Commissioner V. S. Sampath told reporters here.

All political parties in the state Monday met Sampath and Election Commissioners H. S. Brahma and S. N. A. Zaidi and requested that the balloting time be advanced in view of the intense heat in May, which is the peak summer month in the state.

India's Davis Cup team presented Chairos watches

Leander-Paes-Somdev-DevvarmanBangalore, April 9 : The four members of the India's winning Davis Cup team were presented with a Chairos watch each by e-commerce firm QNET India.

India won the Asia/Oceania relegation play-off 5-0 against Indonesia Sunday.

Paes feeling young at 39

Leander-PaesBangalore, April 4 : Even after 23 years of Davis Cup tennis, Leander Paes feels he is still young enough to continue since the tricolour and the very thought of representing India provides him all the motivation he needs.

The 39-year-old will be playing his 50th Davis Cup tie Saturday, a milestone that seems to surprise him. "Fiftieth? Are you sure? I still feel young," said the Kolkata-born, Mumbai-based Paes, who has a 48-22 win-loss Davis Cup record in singles and 39-10 in doubles.

India look to maintain unbeaten record

Davis-CupBangalore, April 4 : India appeared certain to maintain their unbeaten run against Indonesia ahead of the Davis Cup Asia/Oceania Group I relegation play-off tie commencing here Friday by chalking up their sixth straight win.

The optimism stems from what was described as a "favourable draw" that has India No. 1 Somdev Devvarman playing Indonesian Visnu Adi Nugroho in the first singles followed by Yuki Bhambri vs Christopher Rungkat in the second singles.

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