Yuvraj carried RCB to victory

Yuvraj SinghBangalore, May 14 - Royal Challengers Bangalore earned themselves a reprieve with a 16- run win over Delhi Daredevils for only their fourth success in 10 matches of the IPL, here Tuesday after rain delayed the start by an hour.

Courtesy a fiery 29-ball 68 not out (1x4, 9x6) by born-again Yuvraj Singh, RCB piled up 186 for four and then survived a strong challenge from the Delhi batsmen before restrict the visitors to 170 for 7.

HCL to run Norwegian bank's IT operations

HCL-TechnologiesBangalore, May 7 : India's fourth largest IT bellwether HCL Technologies bagged a $400-million (Rs. 2,400 crore) deal to run the IT operations of DNB Bank ASA, Norway's largest bank.

"As part of the multi-year deal, we will migrate and transform DNB's systems and infrastructure from its IT partner to two data centres in Norway," HCL vice president Ashish Gupta said in a statement here Wednesday.

As the world's leading maritime shipping banks, DNB provides a wide range of financial services to 2.5 million customers and end users in the Nordic region and key international locations.

Wipro to offer regulatory reporting solution to FIs

WiproBangalore, May 6 : India's third largest IT bellwether Wipro Tuesday announced a partnership with the US-based Axiom Software Laboratories to provide a regulatory reporting solution to global financial institutions.

"With Axiom's expertise in regulatory reporting and risk management solutions, we will jointly address challenges faced by the financial services industry, comprising institutions, banks and insurance players," the global software major said in a statement here.

The integrated software solution will also enable financial enterprises to increase transparency, improve data integrity, granularity and traceability for regulatory compliance.

IPL: AB carries RCB to thrilling win

AB de VilliersBangalore, May 5 - South African star Abraham Benjamin de Villiers smashed a brilliant 41-ball 89 not out (8x6, 4x4) to help Royal Challengers Bangalore beat Sunrisers Hyderabad by four wickets and a ball to spare in the IPL-7 match here Sunday.

After Sunrisers, asked to bat first, made 155 for five, thanks to a 62-run partnership between skipper and opener Shikhar Dhawan (37, 36b, 4x4) and David Warner (61, 49b, 4x4, 3x6), de Villiers guided RCB to their third win in six outings with a memorable knock that underlined his status as one of the best T20 batsmen in world cricket.

Bosch India net up 25 percent in first quarter

Bosch-IndiaBangalore, April 25 : German automotive major Bosch posted Rs. 326 crore net profit for the first quarter (January-March) of this calendar year, registering a healthy 25 percent year-on-year (YoY) growth.

"Our net sales and income from operations during quarter (Q1) under review grew by 11 percent YoY to Rs. 2,431 crore, with diesel systems posting double-digit growth," Bosch managing director Steffen Berns said in a statement here Friday.

Domestic sales increased 8.6 percent YoY while exports grew 35 percent YoY and profit before tax rose 17 percent YoY to Rs. 452 crore.

Tata Elxsi net zooms 239 percent in fiscal 2013-14

Tata Elxsi net zooms 239 percent in fiscal 2013-14Bangalore, April 22 : Leading IT products and solutions firm Tata Elxsi reported net profit of Rs. 71.3 crore for the fiscal 2013-14, registering a whopping 239 percent increase year-on-year (YoY) from Rs. 21.3 crore in the last fiscal.

"Consolidate revenue for the fiscal under review (FY 2014) increased 25 percent YoY to Rs. 775 crore from Rs. 622 crore year ago," the city-based company said in a statement here Tuesday.

Wipro net up 41 percent in Q4

Wipro net up 41 percent in Q4Bangalore, April 17 : India's third largest software exporter Wipro Ltd has reported net profit of Rs. 2,230 crore for fourth quarter (January-March) of fiscal 2013-14, registering an increase of 41 percent year-on-year (YoY) as per Indian accounting standard.

In a regulatory filing to stock exchanges Thursday, the IT bellwether said revenue for the quarter under review grew 22 percent YoY to Rs. 11,700 crore, as per Indian accounting standard.

Revenue from its flagship IT services business at $1.72 billion was up 8.5 percent YoY and 2.5 percent sequentially.

Infosys net up 25 percent in fourth quarter

Infosys net up 25 percent in fourth quarterBangalore, April 15 - Infosys Ltd posted net profit of Rs. 2,992 crore for fourth quarter (January-March) of this fiscal, registering 25 percent growth year-on-year (YoY) as per the Indian accounting standard.

In a regulatory filing Tuesday, the IT bellwether said consolidate revenue for the quarter (Q4) under review grew 23 percent YoY to Rs. 12,875 crore from Rs. 10,454 crore year ago.

Under the International Financial Reporting Standard (IFRS), net income is up 9.7 percent YoY to $487 million and gross revenue 7.9 percent YoY to $2.1 billion. (IANS)

Infosys looks for new CEO as Shibulal to quit

Infosys looks for new CEO as Shibulal to quitBangalore, April 11 : Indian IT bellwether Infosys Ltd. is on lookout for a new chief executive to succeed its incumbent and co-founder S. D. Shibulal, who wants to quit soon.

"The nominations committee of the board of directors has begun the search to select a successor to Shibulal, who expressed his desire to retire as the chief executive and managing director on the date of last board meeting or before his superannuation Jan 9, 2015," the company said in a statement here.

iGate net down 8.6 percent in first quarter

iGate net down 8.6 percent in first quarterBangalore, April 10 : Technology firm iGate Corporation posted $32 million net income for first quarter (January-March) of this calendar year (2014), a decline of 8.6 percent year-on-year (YoY) from $35 million registered in the same quarter in 2013.

Sequentially too, net income was lower than posted in fourth quarter (October-December) of 2013 at $33 million.

Toyota India to recall 44,989 units of Innova

Toyota India to recall 44,989 units of InnovaBangalore, April 9 - Indo-Japanese joint venture Toyota Kirloskar Motor (TKM) Wednesday said it is recalling 44,989 units of the multi-utility vehicle Innova manufactured between February 2005 and December 2008.

According to the company, the recall has been mandated due to an error discovered in the spiral cable mounted on the steering wheel.

GE unveils turbine for wind energy in India

General-ElectricBangalore, April 4 : Multinational General Electric (GE) Friday unveiled a low-speed turbine to generate wind energy for meeting India's unmet power needs.

"The new turbine (1.7-103) has been developed and engineered specifically for India's low-wind speed conditions. A 100MW wind farm powered by the new version of turbines can produce electricity that can light up 413,000 homes annually," GE South Asia chief executive Banmali Agarwala said in a statement here.

Renewables accounts for five percent of the country's energy mix by production and 12 percent by installed capacity.

HAL sales up six percent in fiscal 2014

Hindustan-Aeronautics-LtdBangalore, April 3 : State-run Hindustan Aeronautics Ltd. (HAL) posted Rs. 15,180 crore sales turnover for the just-concluded fiscal 2013-14, registering a marginal six percent growth over previous fiscal (2012-13) at Rs. 14,324 crore.

"We rolled out 60 aircraft and helicopters, achieved the initial operational clearance for the light combat aircraft (LCA) Tejas fighter and filed 209 patents during the fiscal under review," HAL chairman R. K. Tyagi said in a statement here.

Philips India delivers six innovations for global distribution

Philips India delivers six innovations for global distributionBangalore, April 3 : The India arm of the $32 billion healthcare and well-being giant Royal Philips Thursday unveiled six innovations in areas ranging from miniature ultrasound system and remote critical care to air purification and lighting that have all been developed within the country for global markets.

Indian scientist contests Big Bang `evidences'

Indian scientist contests Big Bang `evidences'Bangalore, April 1 : Indian astrophysicist Abhas Mitra, at the Bhabha Atomic Research Centre (BARC) in Mumbai, who had once challenged the Black Hole theory of Britain's famed Stephen Hawking is in the limelight again.

Mitra's earlier research had claimed that the so-called "Black Holes" must be grey-holes and not exact black holes, and the so-called "Dark Energy" -- a topic of Physics Nobel in 2011 -- must be an artifact rather than a real entity.

His views remain uncontested till now.

Hilton to expand in Bangalore

Hilton-WorldwideBangalore, March 27 : Hospitality major Hilton Worldwide is expanding its presence in this tech hub by opening its second hotel in the city's upscale eastern suburb Friday.

"As our fourth brand hotel in India, Hilton Bangalore Residences will expand our presence in an important market in the country, which is among our key strategic regions," Hilton Hotels & Resorts global head Rob Palleschi said in a statement here Thursday.

LG offers 4G for high-speed data service

LG offers 4G for high-speed data serviceBangalore, March 26 : LG Electronics Wednesday opened a 4G (fourth generation) Long Term Evolution (LTE) zone in this tech hub to offer high-speed data service for mobile phones, tablets and laptops.

India's leading telecom services provider Airtel and US-based chip maker Qualcomm are partnering with the South Korean electronics major to provide seamless switching between content, connectivity and high speed using the 4G mobile communication technology.

Fortis to add 280 hospital beds in Bangalore

fortis-healthcareBangalore, March 25 : Leading healthcare service provider Fortis Healthcare Ltd is expanding its presence in this tech hub with 280 hospital beds, a statement said here Tuesday.

This will include a 70-bed mother and child care facility.

"The 210-bed tower in the city's southern suburb will have a cancer-care facility, with additional operation theatres, a brain suite and intensive care units," Fortis said.

Toyota India hires contract labourers to resume production

Toyota India hires contract labourers to resume productionBangalore, March 25 : Toyota India has hired about 1,000 people on contract to resume production as a stand-off with its trade union continued Tuesday over its employees not signing an undertaking for good conduct before resuming duty.

"As employees are not joining duty even after the eight-day lockout was lifted early Monday, we have taken about 1,000 people on contract to resume production," a company official told IANS Tuesday, citing a statement issued earlier.

TCS brand value zooms 58 percent to $8.2 billion

Tata-Consultancy-ServicesBangalore, March 24 : Brand value of Indian IT bellwether Tata Consulting Services (TCS) zoomed 58 percent this fiscal (2013-14) to $8.2 billion from $5.2 billion the last fiscal with recognition as the world's fastest growing global IT services brand.

According to the London-based brand valuation firm Brand Finance, TCS brand value grew faster than its global peers IBM, whose brand value grew 10 percent year-on-year (YoY) to $41.5 billion from $37.7 percent; HP 23 percent YoY to $19.8 billion from $16.1 billion and Accenture 22 percent YoY to $11 billion from $9 billion.

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