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).

Lahiri fires 62 to take lead at Eagleburg Open

Anirban-LahiriBangalore, July 3 : Local favourite Anirban Lahiri, after enduring a poor first round, bounced back with a vengeance with an awesome 10-under-62 to seize the lead in the PGTI Eagleburg Open at the Eagleton Golf Resort near here Wednesday.

Lahiri's two-day total stood at nine-under-135 following his one-over 73 in the first round. Lucknow's Sanjay Kumar fired a five-under-67 to be placed second at eight-under-136.

Rahul Dravid bereaved

rahul-dravidBangalore, July 3 : Sharad Dravid (79), father of former India captain Rahul Dravid, passed away here Wednesday evening at his residence, according to a press release from the Karnataka State Cricket Association

Sharad Dravid is survived by wife Pushpa and sons Rahul and Vijay. It was learnt that the last rites would be performed Thursday morning.

The president, office-bearers and the members of the managing committee of the KSCA mourned the sad demise and offered their condolences to the aggrieved family. (IANS)

No hike in rail fares this year: Kharge

Mallikarjun-KhargeBangalore, July 1 : There would be no increase in train fares during the 2013-14 fiscal despite rising diesel price, Railway Minister Mallikarjun Kharge said Monday.

"There is no proposal to hike rail fares again this year and the railways will absorb the additional cost of diesel price, which has been going up marginally," Kharge told reporters here.

Passenger fares were increased across the board from Jan 22 by then minister Pawan Kumar Bansal to mobilise an additional Rs. 6,600 crore per year after successive railway ministers in the past kept these unchanged for a decade.

Indian pharma major to supply vaccines to Egypt

Biological-e-limitedBangalore, June 28 : Leading Indian biopharmaceutical firm Biological E Ltd. will supply to Egypt pentavalent vaccines - a combination of five vaccines-in-one (against diphtheria, tetanus, whooping cough, hepatitis B and haemophilus influenza type B) in a single dose.

"We have entered into $200-million contract with the state-run Vacsera and its subsidiary Egyvac to manufacture and supply pentavelant vaccines to Egypt for 10 years," company spokesman Narender Mantena said in a statement here Friday.

Philips Electronics unveils products for neonatal treatments

Philips-ElectronicsBangalore, June 27 : In order to provide better solutions to reduce infant mortality, Philips Electronics India Thursday launched a suite of healthcare solutions products.

"India loses over three lakh babies every year. Many of these are premature and low birth weight infants who are exposed to hypothermia," Wido Manhardt of Philips Innovation Centre said here.

"The Philips Efficia range of infant warmers and incubators are intended to reduce infant mortality which is much needed in India," Menhardt said while launching the products.

US firm to design surveillance chips in India

Geo-Semiconductor-IncBangalore, June 26 : US-based industry leader in geometric processors Geo Semiconductor Inc. will design chips for surveillance cameras in this tech hub, an official said Wednesday.

The chips will be used in smartphone peripherals, automobiles, video conferencing and gaming at its newly set up research and development (R&D) here.

Emerson to offer smart solutions with NxtGen data services

Emerson-Network-PowerBangalore, June 19 : IT infrastructure major Emerson Network Power Wednesday entered into a strategic alliance with NxtGen Data Centre and Cloud Service Ltd to offer its integrated smart solutions to Indian enterprises.

"The partnership will enable us to provide smart solutions to our customers across India using NxtGen's on-premises data centre services," Emerson Network Power managing director Sunil Khanna told reporters here.

Karnataka to act against corrupt officials in mining scam

SiddaramaiahBangalore, June 18 : Karnataka will soon permit the state ombudsman (Lokayukta) to prosecute senior officials named in the probe report on the multi-crore iron ore mining scam in the state, Chief Minister Siddaramaiah said Tuesday.

"We will sanction permission to the ombudsman to prosecute about 130 officials, including those of IAS and IPS ranks named in the Lokayukta report, which named them for their role in the mining scam," Siddaramaiah told editors of local newspapers and bureau chiefs of news agencies here.

Investors hope Murthy's return will revive Infosys fortunes

NR-Narayana-MurthyBangalore, 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.

Moily retracts statement on threat from import lobby

M-Veerappa-MoilyBangalore, 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.

Murthy to give strategic direction to Infosys: Kamath

kv-kamathBangalore, 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.

Wipro too gives wage hike to its techies

Wipro-LtdBangalore, 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.

Intel's new Atom chip to power smart phones, tablets

atom-microprocessor-intelBangalore, 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.

Infosys gives salary increments to employees

InfosysBangalore, 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.

Wipro expanding in Germany, to hire 1,000 techies

WiproBangalore, 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.

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