Hardware market poised for double digit growth Nov 18, 2009
BANGALORE: India's computer hardware market, which includes servers and desktops, is set to regain double digit growth rates from next year, as customers seek to establish new data centres and invest more in expanding their operations. Top hardware vendors such as IBM, HP and Acer have already started seeing a revival in their sales, and experts forecast the hardware market to rebound by next year. (India Times)
Small cities push for direct tax Nov 18, 2009
6 per cent in Bangalore. This is in contrast to over 30 per cent, 7. (India Times)
Levi's, UCB in Rs 500 cr club Nov 17, 2009
BANGALORE: Its not easy to live unbuttoned and succeed in India, but Levi Strauss d United Colors of Benetton have done it. The fashion giants are set to notch Rs 500-crore sales this year, making them the first international apparel brands to successfully replicate their global brand appeal here. (India Times)
Indias engineering outsourcing market may touch $55 bn Nov 17, 2009
BANGALORE: As newer customers, including automakers Renault, Volkswagen and Harley Davidson, seek to outsource their complex design engineering projects to India, the engineering services outsourcing (ESO) industry is set to achieve $55 billion in revenues by 2020. Traditionally, aviation and defence companies, such as Airbus, Boeing and Bombardier, have leveraged Indian suppliers, including TCS, Mahindra Satyam, Infosys and QuEST Global, so far for outsourcing of design services, making it... (India Times)
IIM-B ranked no. 1 biz school Nov 17, 2009
BANGALORE: The Indian Institute of Management Bangalore has, for the second consecutive year,been recognised as the number one business school in India,part of the Central Asia region, as per the 2009 worldwide business school ranking done by Eduniversal, a unit of French consulting firm SMBG. ... IIM Bangalore has achieved this feat for the 2nd consecutive year. (India Times)
Is commercial real estate a better investment than residential property at this time? Nov 16, 2009
In the short term, the cities that will lead in terms of opportunities are Mumbai and Delhi, followed by Bangalore and Chennai. Income from property, tax. (India Times)
Firms go rural for workerforce Nov 15, 2009
This scene unfolds in cities across India, especially in the high-technology hubs of Bangalore and Gurgaon, places synonymous with the information technology revolution that has transformed Indias economy and pushed the country toward double-digit economic growth. But these workers are young people from villages clustered around this small town deep in rural Karnataka state in Indias southwest. (India Times)
US' ex-bankers eye failing banks Nov 14, 2009
BANGALORE: Some former bankers are planning to bid for failing banks in the Federal Insurance Deposit auction process, and getting financial backing from Wall Street firms like Goldman Sachs and Deutsche Bank, a newspaper report said citing sources. JPMorgan Chase former CEO William Harrison, former Wachovia CEO Robert Steele and Herb Boydstun, former CEO of Hibernia were among the banking veterans considering such plans, the report said citing people familiar with the situation. (India Times)
UIDIA hub to be set up in Bangalore Nov 14, 2009
BANGALORE: Nandan Nilekani chairman Unique Identification Authority of India (UIADI) on Friday said that the worlds biggest citizen database project will have technology hub in Bangalore ... Nandan Nilekani chairman Unique Identification Authority of India (UIADI) on Friday said that the worlds biggest citizen database project will have technology hub in Bangalore. (India Times)
Infy eyes US insurance with $38 m buy Nov 14, 2009
BANGALORE: Indias second-biggest software exporter Infosys Technologies on Thursday acquired the US-based back-office firm McCamish Systems for around $38 million in order to tap into over $5-billion insurance services market in the country. Atlanta-based McCamish, which counts the Nolan Financial Group, Phoenix Companies and Heritage Union among its top clients, will help Infosys not only to increase its revenues from insurance customers, but also position the Indian offshore firm as a more... (India Times)
HDFC enters education loan with Credila buy Nov 14, 2009
It currently has offices in Pune, Bangalore, Hyderabad, Chennai, Delhi and Nashik. Education is growing expensive and the demand for education loans is growing, said VS Rangan, senior GM treasury, HDFC.. (India Times)
TCS' passport project misses 3rd deadline Nov 13, 2009
The pilot project was to take off in Bangalore ... The pilot project would have seen 'Passport Seva' centres in Bangalore and later in Hubli and Mangalore, also in Karnataka, followed by Chandigarh, Ludhiana in Punjab and Ambala in Haryana. (India Times, India)
Infy partners Nvidia Nov 13, 2009
BANGALORE: Software major Infosys Technologies and Nvidia, world leader in visual technologies and inventor of Graphics Processing Unit,(GPU) on Wednesday announced a partnership to develop Nvidia Cuda (Compute Unified Device Architecture) Technology-enabled software solutions. As the first step, the partnership will see setting up of the Infosys-Nvidia Technology campus at the Infosys campus here, Subu Goparaju, Vice President and Head of Software Engineering and Technology Labs, told media. (India Times)
L&T to sell Satyam shares worth $65 mn Nov 13, 2009
BANGALORE: Leading Indian engineering and construction firm Larsen o Ltd will raise $65 million by selling one-third of its stake in Mahindra Satyam Ltd on Friday, a television channel said. Lch operates in industries as diverse as engineering, shipbuilding and software, will sell 27 million shares in Mahindra Satyam at Rs 112. (India Times, India)
Develop innovation culture: Premji Nov 12, 2009
BANGALORE: Wipro chairman Azim Premji said a culture of innovation was what could sustain companies in these competitive times. Products can be quickly copied. (India Times)
Blore says its got maximum offers across IIMs for 10 Nov 12, 2009
BANGALORE: The Indian Institute of Management, Bangalore (IIM-B ), on Wednesday said it has bagged 180 slot zero (the first two days) offers for the batch of 348 students, the highest across all IIMs for summer placements. IIMB said 19% of the first-year batch of 348 students accepted internships in investment banking for 2010 summer placements, a mildly bullish sign for the economy. (India Times)
QuEST IPO or private placement in '10 Nov 12, 2009
BANGALORE: QuEST Global, a leading provider of diversified engineering and manufacturing services, plans to raise capital either through a private placem 00004000 ent or an IPO for its engineering services business in the first half of the next calendar year. Co-founders and promoters Ajit Prabhu and Aravind Melligeri are likely to shed a "small stake" to raise money for expanding engineering facilities, chief marketing officer of the Bangalore-headquartered company Bejoy George said. (India Times)
S.F. firm designing Iraq stadium Nov 12, 2009
Guess who showed up at Tuesday night's Asian Art Museum reception for the San Francisco delegation's forthcoming business trip to Bangalore. Mayor Gavin Newsom, that's who. (San Francisco Chronicle -- Business)
IIMB gets 180 slot zero offers Nov 12, 2009
BANGALORE: The Indian Institute of Management Bangalore has bagged 180 "slot zero" (the first two days) offers for the batch of 348 students for year 2010, the highest across all IIMs for summer placements ... The Indian Institute of Management Bangalore has bagged 180 "slot zero" (the first two days) offers for the batch of 348 students for year 2010, the highest across all IIMs for summer placements. (India Times)
Youngsters prefer work over party Nov 12, 2009
BANGALORE: Today's young ones are willing to sacrifice their social life to earn some decent money while getting an education. Five years ago, Syed Asad Abbas had no idea that the stage would be his second home. (India Times)
Indian cos' slump-proof biz strategies enter Harvard campus Nov 11, 2009
BANGALORE: Guess whats going to be taught at the Harvard Business School soon business mod 00004000 els adopted by mid-tier companies like MindTree and Zensar Technologies which emerged unscathed after the downturn. And, among the list of personality profiles, the students of this high-profile B-school will delve into, will be names like Kris Gopalakrishnan, CEO Infosys, Anand G Mahindra, vice-chairman and managing director of Mahindra dra, Britannia Industries MD Vinita Bali and ICICI... (India Times)
M H Khan, country head (sales and development), Rolex Nov 11, 2009
We now have three boutique outlets in Bangalore, Mumbai and Kolkata. We also have a presence in some 10-12 point of sale outlets. (India Times)
Builders in IT hub to focus on middle, upper middle segments Nov 11, 2009
BANGALORE: After almost a year of lull due to the economic downturn, the real estate sector in the country's IT capital is slowly picking up and is all set to focus on the middle and upper middle segments, where it envisages huge potential ... The Bangalore-headquartered group, which has been in the business for over 10 years, admitted that there was "slackening in demand from October 2008 to 2009. Prices had hit rock bottom and customers were holding back, anticipating further slash in rates"... (India Times)
MS will allow free access to Outlook Nov 11, 2009
Enterprise IT users such as Suresh Kumar, who works as technical support manager at one of the consumer durable companies based in Bangalore, said Microsofts latest initiative will make it faster for programmers to access the Outlook data. You can access the Outlook data using Messaging API even now, but what will really change is that it wont be a long, unfriendly process any more, Mr Kumar said. (India Times)
AIG's Benmosche threatened to leave Nov 11, 2009
BANGALORE: Unhappy over constraints imposed by US government overseers, American International Group Inc Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter. The giant insurer's chief executive is particularly unhappy over a recent compensation review by Kenneth Feinberg, the US Treasury bailout program's special master for compensation, the paper said, citing the people. (India Times)
Dr Reddy's unit rev to grow 10-15 pc in FY10 Nov 11, 2009
BANGALORE: Dr Reddy's Laboratories expects revenue at its pharmaceutical ingredients and outsourcing services unit to rise 10-15 per cent in this fiscal year, helped by stability in global economy, an official said. Dr Reddy's, India's No. 2 drug maker by sales, is seeing a pickup in business in the second half of the year to March 2010 versus the first half when the recession crimped demand for active pharmaceutical ingredients by global generic players. (India Times)
Merced High beats Modesto girls in Division 1 tennis opener Nov 10, 2009
Cook, Vicky Chau, Preeti Bangalore and Luz Romo are the departing seniors. Cook played No. 1 singles the last two years, and that spot could go to Synclaire Waldron next fall -- the junior was the Panthers' No. 2 player this fall. (Modesto Bee, CA)
Trident's Middle East, SE Asian foray next year Nov 10, 2009
MUMBAI: After snapping ties with international chain Hilton last year, the Oberoi Group has revived its Trident brand of hotels, and now plans to take the 5-star brand to South East Asian and Middle East markets next year. The group, which runs 27 hotels under the luxury Oberoi and 5-star Trident brands, is set to revive its overseas expansion plans with the global economy showing signs of recovery from its worst recession in several decades, a company executive said. (India Times)
Wipro to hire sacked staffers Nov 10, 2009
BANGALORE: If you are a pink slip recipient from Wipro, heres a piece of good news. Wipro plans to rehire some of the employees it fired a year ago. (India Times)
When senior execs give back to school Nov 9, 2009
But every Thursday, for the past one year, this core group that spreads across Mumbai, Bangalore, Delhi, the UK and the US, drop everything else and get hooked on a one-hour conference call this has now gone up to two calls per week in the last few weeks. We might run away from something like this at regular work. (India Times)
MNCs now eye local IT services Nov 9, 2009
BANGALORE: The domestic information technology (IT) services market is no more a lowprofit option and entry of global players in this segment is a testimony to its growing maturity and lucrativeness. Earlier, the domestic IT services market was characterised as where you would pay for the hardware but get the services for free. (India Times)
Twitter users meet Shashi Tharoor Nov 8, 2009
BANGALORE: This was the moment tweeple (people who use twitter) were waiting for - a meeting with poster boy Shashi Tharoor. There was no proverbial ice to be broken during the tweetup (meeting of tweeple) at the Bangalore International Centre. (India Times)
The natak in Karnataka Nov 8, 2009
Exactly 17 years ago, when Karnataka Congressmen of all shapes and sizes were trying to oust the then CM Bangarappa, and the then PM-cum-High Command was asked on his arrival at Bangalore to comment on the infighting, Narasimha Rao promptly replied, "Dissidence is an optical illusion." Within a few weeks, Bangarappa was replaced. Bangarappa himself was elevated to the CM's chair 19 years ago when the then incumbent Veerendra Patil had a stroke and the Congress supremo Rajiv Gandhi came to visit... (India Times)
This season, IIM students choose their recruiters Nov 7, 2009
Goldman intends to hire 24 students for summer placement for their centres in London, Hong Kong, Singapore, Bangalore and Mumbai. As always, we are extremely impressed by the high standards of candidates at IIM campuses, says a Goldman Sachs (Asia) spokesperson from Hong Kong. (India Times)
Meet Chinas Web tycoon Nov 7, 2009
Can US take on Beijing and Bangalore. Tech Games. (India Times, India)
Indian engineers becoming backbone of Japan's IT industry Nov 7, 2009
Many new residents are from Bangalore, known as India's Silicon Valley. Given that tandoori chicken and nan, which are popular in Japan, are northern Indian dishes, Chandrani has opened a southern Indian restaurant and a food store for engineers yearning for the taste of home. (India Times)
Dalai Lama's Visit to Indian Border Town Prompts Tensions, More Security Nov 7, 2009
To contact the reporter on this story: in Bangalore at. Last Updated: November 7, 2009 02:26 EST. (Bloomberg -- Asia)
Chandrayaan-II to be completed by 2013 Nov 7, 2009
BANGALORE: Chandrayaan-II moon mission, which will help in analysis of mineral composition and undertake terrain mapping of the moon, will be completed by 2012-13, Project Director of Chandrayaan Dr M Annadurai said today. "The Rs 425 crore project will be completed by 2012-13. As opposed to Chandrayaan-1 which was a moon orbiter, in Chandrayaan-2, the two moon rovers will actually land on the moon surface," he said inaugurating the sixth National Student Conference at University Visveswaraya... (India Times)
Infosys offers multi-function human resource solutions Nov 7, 2009
BANGALORE: Infosys Technologies, in association with Oracle, will offer managed services platform that will help companies streamline their human resource (HR) operations and reduce costs. "The platform enables us to offer the next generation of multi-process HR transformational outsourcing to our global clients cost-effectively," the company said in a statement. (India Times)
Murthys wife sells $92 mn Infy shares Nov 6, 2009
BANGALORE: Infosys Technologies, India's second-largest software exporter, said on Thursday its chairman's wife sold company shares worth $92 million for setting up a venture capital fund ... Can US take on Beijing and Bangalore. (India Times, India)
The cycling CEOs Nov 6, 2009
Its safer to travel in Mumbai by cycle than in other cities like Bangalore where the lanes are narrower ... On weekends, Hoekstra even pedalled all the way to the hill station of Nandi Hills, some 65 km from Bangalore ... Hoekstra has left India but is still remembered for inspiring the Netherlands deputy PM I J Brinkhorst and the ambassador to India Eric Niche to cycle with him through Bangalores Cubbon Park on October 23, 2005. (India Times)
Tatas to extend cheap housing to global market Nov 6, 2009
Tata Sons chairman Ratan Tata said the company is planning similar housing projects in other centres like Kolkata, Bangalore and Assam. Maldives has also shown interest in the project and has invited Tata to introduce the concept in the country. (India Times)
IIM-B gets set for placements Nov 6, 2009
BANGALORE: The big financial houses will be all there. Goldman Sachs, JP Morgan, Bank of America-Merrill Lynch, Royal Bank of Scotland and UBS will be visiting the IIM Bangalore campus for summer placements starting today, sources said ... Bangalore is, however, not their only focus. (India Times)
CAT on computer this year Nov 6, 2009
CAT on the computer this year, fewer students interested- Education-Services-News By Industry-News-The Economic Times. CAT on the computer this year, fewer students interested6 Nov 2009, 1326 hrs IST, IANS. (India Times)
Sudha Murthy sells Infy shares to fund husband's dream Nov 6, 2009
BANGALORE: Sudha Murthy, the better half of the first couple of Indias IT industry, has made her second big venture capital investment. When husband N R Narayana Murthy was setting up Infosys in 1981 on a wing and a prayer, she gave him Rs 10,000 from her savings. (India Times)
Stocks to watch: Reliance Industries, BIAL, Wipro Nov 6, 2009
The board of GVK Power structure Ltd has approved the acquisition of 4,61,52,000 shares, being 12% of paid up equity share capital, of Bangalore International Airport Ltd (BIAL) at a total cost of Rs. 484. (India Times)
GVK buys 12pc in Bangalore airport Nov 5, 2009
GVK Power unit buys 12 pct in Bangalore Int airport- Stocks in News-Stocks-Markets-The Economic Times ... GVK Power unit buys 12 pct in Bangalore Int airport5 Nov 2009, 1326 hrs IST, REUTERS ... MUMBAI: GVK Power and Infrastructure Ltd said on Thursday its unit GVK Airport Developers Pvt Ltd had bought a 12 per cent stake in Bangalore International Airport Ltd for Rs 4. (India Times)
Outsourcing gets a boost as global banks expand captives Nov 5, 2009
Standard Chartered, for example, is setting up a new knowledge process outsourcing centre in Bangalore, while Wells Fargo is expanding its captive operations in India for technology services and BPO. The three are among the 11 firms that have set up new units or added more staff to their existing units in India during the September quarter, taking the number of captives being set up globally to an 18-month high, according to MarketVista, a quarterly analysis of outsourcing trends by Dallas-based... (India Times)
Narayanan heads Satyam's Japan biz Nov 5, 2009
Advocate CS Vaidyanathan, appearing for Institute of Chartered Accountants of India (ICAI), agreed to withdraw the proceedings after the Delhi 00004000 High Court objected to ICAI taking action against the Delhi franchise of the firm without giving any evidence that it was related to PWH, Bangalore which was the statutory auditor of Satyam ... The court was hearing a petition filed by PWH, Delhi seeking quashing of proceedings initiated against it in the aftermath of Satyam scam, saying these... (India Times)
Indian enterprises face data loss risk Nov 5, 2009
BANGALORE: Increasing use of IT infrastructure by Indian enterprises to enhance prod 00004000 uctivity and expand operations in a competitive environment has led to growing security risks such as loss of critical data, a study by the intelligence marketing firm IDC (India) Ltd. has revealed. "About 80 percent of Indian enterprises have agreed that loss or theft of critical data is a serious information security risk they face after threats from viruses and hackers," the survey, commissioned by... (India Times)
Obama encourages American schools Nov 5, 2009
Take on folks in Beijing and Bangalore, Obama tells students- Politics/Nation-News-The Economic Times ... Take on folks in Beijing and Bangalore, Obama tells students5 Nov 2009, 1143 hrs IST, IANS ... 35 billion grant programme to encourage American schools to develop internationally competitive standards to let its students take on "folks in Beijing and Bangalore.". (India Times)
Investment in a second home Nov 5, 2009
com, a Bangalore based e-business consulting firm, the sales of 'second homes' in India increased by 50 per cent from 2002 to 2007, before the slump in the market brought the figures down to negligible ... Real estate is always an asset and today's generation wants the option of having a home by a hill or a riverside and this is why places like Devnahalli in Bangalore, Coimbatore, Ooty and Kasauli, are springing with second homes. (India Times)
Judge's recusal: Salve says Jethmalani 'hitting a new low' Nov 5, 2009
Mr Jethmalani, a rambunctious lawyer known for plain-speaking and occasional sensational claims, alleged late on Wednesday, that Indias largest private sector company had somehow engineered a decision by Justice RV Raveendran to recuse himself because his daughter was employed in the Bangalore office of AZB, a law firm which sometimes advises RIL. ... In a statement, the Mukesh Ambani-led firm said: Reliance Industries was neither aware nor AZB Partners informed us that Honourable Justice... (India Times)
With easy tool, Indian blurs physical-digital world gap Nov 4, 2009
BANGALORE: Pranav Mistry makes up things as he moves. And if you were him, this newspaper would be feeding you a live video of Wednesdays top news on a salmon pink backdrop, streamed straight from the studios of ET NOW.. (India Times)
Cognizant Q3 net up 36%; co expects higher revenues Nov 4, 2009
During one of the toughest periods that the global outsourcing industry has witnessed, Cognizant grew its net profit by 36%, ahead of rivals TCS, Infosys and Wipro, and also revised its revenue forecast for the year by around 15. During the quarter ended June this year, Cognizant had forecast 11. (India Times)
Ambani row: Judge withdraws from Bench Nov 4, 2009
The judge said that he came to know that law firm AZB partners in Bangalore with which his daughter is associated since September 1 this year is advising the Mukesh group in other projects. He has been hearing the high-profile legal battle along with Chief Justice K.G. Balakrishanan and Justice P. Sathasivam. (India Times)
TCS bags multi-million Cardiff deal Nov 4, 2009
BANGALORE: India's Tata Consultancy Services' contract with Cardiff City Council for technology services is a multi-million dollar deal that will run over 15 years, a company source said on Tuesday. Under the deal signed last week, Tata Consultancy will provide a host of IT services for faster and efficient delivery of services in Cardiff. (India Times)
Cognizant's unique strategy paid off Nov 4, 2009
BANGALORE: The company decided to focus more on sustainable business growth instead of chasing better margins than others. "Cognizant took an approach of working with and committing to a 19-20 % operating margin target, (before stock compensation expense) intending to reinvest the excess back into the business. Unlike Infosys, it believes that a trade-off between margins and growth is present and will play out in the medium to long term," Edelweiss analysts Viju George, Kunal Sangoi and Pratik... (India Times)
Ticket to ride: High-end bicycles ride into India Nov 4, 2009
The emergence of IT hubs across Bangalore, Pune and Hyderabad has created the campus culture thus making this segment one of the reservoirs for global bike brands to tap into. That along with the fact that many of those working in this space have spent time abroad and picked up cycling as a hobby which they are determined to continue pursuing back in India. (India Times)
Entry-level salaries down by 20% for software pros Nov 3, 2009
BANGALORE/KOLKATA: Dhannanjay Kumar, a 25-year-old computer science graduate from a top engineering college in Bangalore, considers himself lucky to have found job in a year when Indias over $50-billion software outsourcing industry had to cope with falling demand and trim payroll by up to 10 ... 5 lakh two years ago, said Kumar who got hired by a Bangalore-based mid-tier software company last month. (India Times)
Indian Hotels banks on high season Nov 3, 2009
During the year so far, IHC has added four luxury properties Vivanta by Taj, Bangalore, Taj Mount Road at Chennai and Taj Residency at Thiruvananthapuram. Besides, the company commenced operations of seven new Ginger hotels in New Delhi, Panaji, Ludhiana, Ahmedabad, Mangalore and Durg. (India Times)
Local CIOs top peers in innovation Nov 3, 2009
BANGALORE, MUMBAI: INDIAS top enterprises, set to spend over $10 billion on technology services th 00004000 is year, are better than global peers when it comes to using technology to drive innovation and launch disruptive business models, according to an IBM study of over 2,500 companies across the globe. The chief information officers (CIO) at companies such as Maruti Suzuki, Shoppers Stop, Reliance Life Insurance, Asian Paints and many others plan to use technology solutions for lowering... (India Times)
CJI has no shares, only land holdings Nov 3, 2009
He owns four residential and an office plot in Bangalore, while his wife has one-fifth share in three commercial properties in the city. She would also be the envy of wives of other judges as she owns 370 grams of gold jewellery, besides 12 carats of diamonds and five kilos of silver. (India Times)
Capgemini to hire 3,000 in India Nov 3, 2009
NEW DELHI: Outsourcing firm Capgemini is all set to add more staff in India with the opening of a new business information centre in Bangalore, according to a report in a business daily. The Bangalore centre will take the company's India headcount beyond 21,000, an increase from its employee strength of 20,000 in home country France ... According to the company, the new centre in Bangalore would start with a workforce of 1,000, which would scale up to 3,000 in about 18 months. (India Times, India)
When a firm pays price for brand contradiction Nov 3, 2009
For the answer we must first travel to Bangalore, where PwC India audited and certified the accounts of IT firm Satyam, unaware that several of its senior managers were forging invoices and bank statements to the tune of more than $1 billion ... Instead, PwC had outsourced the task to a local firm of accountants that shared its Bangalore office. (India Times)
