Infosys spurts after retaining dollar revenue guidance

Business & Economy, Science & Technology, World Opinion

The company announced its results before market hours today, 12 July 2013.

Meanwhile, the S&P BSE  Sensex was up 206.07 points, or 1.05%, to 19,882.13.

On BSE, 5,902 shares were traded in the counter as against an average daily volume of 1.43 lakh shares in the past one quarter.

The stock hit a high of Rs 2,779.40 and a low of Rs 2,779.40 so far during the day. The stock had hit a 52-week high of Rs 3,010 on 7 March 2013. The stock had hit a 52-week low of Rs 2,101.65 on 26 July 2012.

The stock had underperformed the market over the past one month till 11 July 2013, rising 2.13% compared with the Sensex’s 2.78% rise. The scrip had also underperformed the market in past one quarter, sliding 13.40% as against Sensex’s 6.12% rise.

The large-cap IT company has an equity capital of Rs 287.12 crore. Face value per share is Rs 5.

Infosys  has retained its guidance of 6% to 10% growth in revenue in dollar terms for the year ending 31 March 2014 (FY 2014). The company has raised the guidance in rupee terms due to a steep depreciation of the rupee against the dollar. The company has forecast 13% to 17% growth in revenue in rupee terms for FY 2014, higher than its earlier guidance of 6% to 10% growth, which the company had given at the time of announcement of Q4 March 2013 results.

Infosys’ consolidated net profit declined 0.8% to Rs 2374 crore on 7.8% growth in revenue to Rs 11267 crore in Q1 June 2013 over Q4 March 2013. The results are as per International Financial Reporting Standards (IFRS).

Infosys Chief Financial Officer (CFO) Rajiv Bansal said that the company has announced compensation increases for FY 2014 effective July which will affect the company’s profit margins in the future quarters. Infosys CEO and Managing Director S. D. Shibulal said that the management is cautiously optimistic about rest of the year. Despite facing an uncertain macro environment, changing regulatory regime and a volatile currency environment, the company has done well in Q1 June 2013, he said.

Infosys and its subsidiaries added 66 clients in Q1 June 2013. There was a gross addition of 10,138 employees and net addition of 575 employees by Infosys and its subsidiaries in Q1.

Infosys liquid assets including cash and cash equivalents, available-for-sale financial assets, and government bonds were at Rs 24078 crore as on 30 June 2013, higher than Rs 23958 crore as on 31 March 2013.

Infosys is a global leader in business consulting and technology solutions.

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source: http://www.business-standard.com / Business Standard / Home> News-CM> Hot Pursuit / Capital Market – July 12th, 2013

City boy too selected as Google Student Ambassador

Records, All, Science & Technology

BharatBF30jul2013Mysore : 

City boy B. Bharat Raj, a 5th semester student of NIE Institute of Technology, Koorgalli, is one of the three engineering students from Mysore, who have been selected by internet giant Google for the Google Student Ambassador (GSA)-2013 programme. Bharat is pursuing his engineering in Electrical and Electronics.

The students were selected on the basis of technical and communication skills. The selection process consisted of filling an online application followed by a telephonic interview for shortlisted students.

A total of 270 students have been selected from 98 cities across India. This programme provides an opportunity for students to learn about different products of Google directly.

The students will undergo a training programme at Goa from Aug. 1 and 4, where they will receive training from top executives of the company.

Other Google Student Ambassadors from city are Tejaswini, a 4th sem. student of Computer Science, Vidya Vikas Institute of Engineering and Technology (refer SOM dated July 19) and Harsha Prakash of SJCE.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / July 24th, 2013

Surgeons find a breakthrough in Aneurysm

Science & Technology

Bangalore :

Neurosurgeons at Manipal Hospital have come across a breakthrough in the otherwise complicated aneurysm surgery. The conventional method involved getting to the blood stream through an insertion in the large femoral artery in the upper leg, but this time, the doctors have corrected a balloon formation in an artery wall of the brain by creating a puncture in the patient’s hand.

SurgeonBF28jul2013

The path-breaking technique was designed to solve a problem that had occurred at the operation table when surgeons discovered that there were major complications in the arteries surrounding the heart, which could complicate the surgery.

“Coiling, where a flexible wire is inserted from the upper leg could not be done in this case; so we tried this method and it clicked,” said one of the doctors.

The 50 year old patient, reportedly, had undergone surgery clipping to block aneurysm in the middle of the brain, but the clip had come off, leaving no option but to make an insertion through the hand.

The operation is successful and the patient is recovering fast.

source: http://www.news.oneindia.in / OneIndia News> News> India / by Pallavi Sengupta / Wednesday – July 17th, 2013

So ‘Nair’ to her heart!

Arts, Culture & Entertainment

ANITA NAIRBF28jul2013

Bengaluru-based author, Anita Nair, is going places. And she is taking Bengaluru with her. She was recently featured in France’s Le Monde lifestyle magazine where she chronicled our city with beautifully woven French words. Shivajinagar, Cox Town, Frazer Town, Thoms Bakery, Cantonment Station and Bengaluru’s favourite Koshy’s Restaurant made it onto the magazine.

“I have lived in Bengaluru for 22 years. My life has been limited to a diameter of 11 km. When I shifted houses, I shifted just 6 km away. I love my area,” she says. Having lived in the North East area of Bengaluru for so long, Nair didn’t have much of a problem zeroing in on the landmarks she would write about.

She was given a brief by Le Monde to write about her favourite places and how they represent Bengaluru. “I could have written about Ulsoor Lake or bookshops, but I chose to write about areas that retained their original characteristics ever since I moved here,” she says. “Colonial bungalows, their neo-Gothic canopies, the profusion of silver oak trees, the wind a little harsh… everything was combined to address Bengaluru’s old-world charm,” she writes, about her first visit to the Cantonment Station area. She goes on about the roadside market in Cox Town, the lively buzz at Koshy’s, the unbelievable coffee and puff pastry at Thom’s bakery and the hustle and bustle of Shivajinagar.

Nair has had her books translated extensively in Europe. This is not the first time she is being featured in an international publication. She has made herself known in Spain and Italy as well through El Pais and La Repubblica. Her latest detective fiction Cut Like Wound, is a hit among Parisians. The story involves a police officer investigating a series of murders in Shivajinagar, the heart of Bengaluru.

About her love for the city, Nair says, “When you say IT capital, what you expect is a sense of anonymity. But Bengaluru is anything but that. To me, Bengaluru is still a small town. It feels good to know so many people around the city. It gives me a sense of belonging.”

Nair is currently working on a historical novel that encompasses large sections of South India. In this novel, she brings in a bit about her home town, Kerala and other coastal areas like Andhra Pradesh and Tamil Nadu.

source: http://www.deccanchronicle.com / Deccan Chronicle / Home> Lifestyle> Books/Art / DC / by Swati Chatrapathu / July 16th, 2013

DR. K.V. Ramesh : Born for Epigraphy

Arts, Culture & Entertainment, Historical Links, Pre-Independence, Leaders, Records, All
Director (Epigraphy), Archaeological Survey of India, Mysore.
Director (Epigraphy), Archaeological Survey of India, Mysore.

Dr. K.V. Ramesh, doyen among the epigraphists, who strode like a colossus in the field of epigraphy, breathed his last on 10.7.2013. His passing away has created a great void in the field of epigraphical research and a terrible loss to the epigraphical fraternity and his admirers.

His long association with the Epigraphy Branch, ASI Mysore, was so close and continuous, even now it is difficult for us to come to terms that he is no more with us. He relentlessly pursued during his tenure as Director (Epigraphy) and also after, for the betterment of the Epigraphy branch. It was during his tenure two zonal offices was created and he was making efforts for further expansion of the branch.

On many forums he strongly proposed to create National Mission for Epigraphy, like National Mission for Manuscripts, so that inscriptions that are located in the farthest and interior places could be located and documented. Apart from this, he had also proposed to have the National Institute for Epigraphy at Mysore to carry on intensive research work in the field of Palaeography and Epigraphy and also as one of the capacity building measures.

His contribution to the field of Epigraphy is immense, particularly with regards to Epigraphical Studies in Karnataka, he added a new depth and dimension.

The book on Western Gangas and Chalukyas of Vatapi, to name only a few are his masterly works. He has contributed innumerable articles for national and international journals and a multi-volume dictionary of the Social, Economic and Administrative Terms in South Indian Inscriptions, a project of the Indian Council of Historical Research. Also, he was fondly remembered by scholars for his profound contribution in the Ayodhya verdict.

To accelerate epigraphical studies and studies in Onomastics, he established two Societies and was the founder-member and Chairman of the Epigraphical Society of India and Place-name Society of India. He took to great heights both the Societies and they have carved a special niche among the scholarly world.

He was a down-to-earth person and friendly towards his colleagues, and always encouraged young scholars. Now we are orphaned because of his sudden demise. He was a fatherly figure to all the members, and continuously guided the destiny of both the Societies till the end.

The rich tribute we can pay to this scholar-extraordinary is by only creating a band of dedicated and committed epigraphists who by unraveling new inscriptions, enrich epigraphical studies, for which he strongly stood for.

source: http://www.starofmysore.com / Star of Mysore / Home> Feature Articles / by  T. S. Ravishankar / July 21st, 2013

Day & Night Hindustani music festival ‘IMPU’ begins

Arts, Culture & Entertainment
Pt. Rajeev Taranath and Pt. Indudhar Nirodi seen strumming the tamboori together to inaugurate the concert at JSS Women’s College in city this morning.
Pt. Rajeev Taranath and Pt. Indudhar Nirodi seen strumming the tamboori together to inaugurate the concert at JSS Women’s College in city this morning.

Mysore :

A day & night Hindustani classical music festival ‘Impu’ organised by Pandit Taranath Foundation commenced this morning at Navajyothi auditorium at the premises of JSS Women’s College in Saraswathipuram here.

The programme featuring vocal and instrumental versions of Hindustani music commenced at 8.30 am and will conclude at 11 pm.

The programme was inaugurated by Sarod Maestro Pt. Rajeev Taranath and singer Pt. Indudhar Nirodi by strumming the tamboori in unison.

The performers include Ustad Fayaz Khan, Pt. Parameshwar Hegde, Pt. Narasimha Vadavati, Pt. Prabhir Bhattacharya, Poornima Bhat Kulkarni, Sameer Rao, Ravishankar Mishra, Sarfaraz Khan, Sanjana Koushik and Nishan S. Hiranmayi, with Pt. Rajeev Taranath winding up the show with a Sarod recital, beginning from 9.30 pm and concluding at 11 pm.

Speaking on the occasion, Rajeev Taranath paid rich tributes to his legendary father musician Pt. Taranath, claiming that the latter was a multi-faceted talent with immense skills. He opined that music had the power to soothe any disturbed mind.

source: http://www.starofmysore.com / Star of Mysore / Home> General News / July 21st, 2013

Bangalore University to award doctorates to Krishna, G R Vishwanath

Arts, Culture & Entertainment, Business & Economy, Education, Leaders, Sports

Bangalore :

Former Karnataka chief minister and Union external affairs minister SM Krishna  will get an honorary doctorate along with six others from Bangalore University.

Former Indian cricketer GR Vishwanath, space scientist UR Rao, playback singer BK Sumithra, chief commissioner (income tax, Karnataka and Goa) K Satyanarayana, Siddaganga mutt pontiff Shivakumara Swamiji and Sanskrit writer Vanita Ramaswamy are the others chosen for the honour.

The honorary doctorates will be presented during the 48th annual convocation to be held at 11am on July 18 at Jnanajyothi Sabhangana, Central College.

The syndicate, the highest decision making body of the varsity, on Friday decided to honour eight eminent people this time for contributions in their sphere of activity. However, the eighth person, litterateur Devanur Mahadeva, has declined to accept the varsity honour.

News for use

* Bangalore University gold  medal/cash prize winners, rank holders and PhD awardees have to bring 2 passport size photos to collect the convocation invitation from July 15 during working hours at the office of registrar (evaluation), Pareeksha Bhavan, Jnanabharathi.

* The SSLC supplementary exam results will be published at 11am on July 13.

source: http://www.articles.timesofindia.indiatimes.com / The Times of India / Home> City> Bangalore / TNN / July 13th, 2013

Wi-fi hot spots to come up in ‘a few weeks’

Arts, Culture & Entertainment, Business & Economy, Science & Technology
The project is being implemented by D-VoiS, free of charge. / File Photo: R. Ravindran / The Hindu
The project is being implemented by D-VoiS, free of charge. / File Photo: R. Ravindran / The Hindu

The government’s plan to provide free wireless internet services on two commercial roads in Bangalore — Mahatma Gandhi Road and Brigade Road — found mention in Friday’s Budget speech, presented by Chief Minister Siddaramaiah.

This brings hope to many that the project, which was slated to be launched in March, will see the light of day. Government sources told The Hindu that the project is being implemented by Bangalore-based internet service provider D-VoiS, free of charge.

The Chief Minister proposed that similar pilot schemes will be launched in Hubli-Dharwad, Mangalore and Mysore.

The idea was first proposed by the Karnataka ICT group in its report submitted in January. T.V. Mohandas Pai, member of the group, said the project is slated to take off in “a few weeks’ time”. The pilot is being done for free, hence, no allocation has been made. But the larger idea is to extend this and make wi-fi spots in places like shopping complexes or transit points in the city.

source: http://www.thehindu.com / The Hindu / Home> News> Cities> Bangalore / by Staff Reporter / July 13th, 2013

FIT partners BD India to unveil first India-specific clinical recommendations on Insulin Injection Technique

Records, All, Science & Technology

Forum for Injection Techniques India (FIT India), in association with Becton, Dickinson & Co. (BD India), a global medical technology company has now unveiled the first-ever India-specific clinical recommendations for best practices in insulin injection technique in Bengaluru.

The recommendations have been put together by a scientific advisory board comprising endocrinologists and diabetologists. These include the optimum size of the needle, need for site rotation, educating the patients about avoiding reuse of needles, and training them for lipohypertrophy which is a lump under the skin caused by the accumulation of extra fat at the site of many subcutaneous injections including insulin. It also covered the safety aspects and identification of proper injection sites.

Correct insulin injection technique is critical for optimal control of diabetes. Improper use or reuse of injection devices may lead to undesirable consequences including pain with bleeding and bruising, the needles breaking off and lodging under the skin, contamination.

According to Dr KM Prasanna Kumar, former head of Department of Endocrinology & Metabolism, MS Ramiah Medical College, Bengaluru, and the CEO of the Bengaluru Diabetes Centre, “The recommendations by FIT India will help optimize insulin injection technique in diabetes and be of immense help for healthcare workers and patients alike. They will improve the acceptance of insulin delivery and injections, thereby ensuring improved glycemic controls and better health outcomes for diabetes patients.”

“In India, there is a psychological resistance to the initiation of insulin therapy even though it is considered one of the best and most dependable treatment options in diabetes management. It is important to get the injection technique right to regulate patient’s glycemic control. This is where these India-specific recommendations would be helpful for diabetic patients,” he added.

India is facing a diabetes epidemic. WHO predicts that by 2025, the country will account for half of the world’s diabetic patients. The disease has become a significant issue for Karnataka too. According to figures by the National Programme for Prevention and Control of Cancer, Diabetes, Cardio-vascular Diseases and Stroke (NPCDCS), about 10.2 per cent of people in the state suffer from diabetes compared to the national average of seven per cent. In the slums of Bengaluru, the incidence of diabetes is as high as 14.7 per cent.

“Insulin administration is the most effective method for blood glucose control, but inappropriate injection techniques can compromise the effectiveness of the therapy. The FIT insulin injection recommendations are a timely initiative in India which will bring great benefit to patients and will help us to continue improving patients’ experience with insulin injection,” said Vishal Taneja, director- BD Medical-Diabetes Care.

FIT is an autonomous organisation established following the Third International Injection Technique Meet in Athens in 2009.

source: http://www.pharmabiz.com / PharmaBiz.com / Home> News> Technology / By Pharmabiz.com Bureau, Bangalore / Friday – July 12th, 2013