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Posts Tagged ‘Technology’

India’s Infosys says quarterly profit up 1.6 pct

Posted by: Vande India   
July 10th,
2009

MUMBAI, India – Indian outsourcing bellwether Infosys Technologies Ltd. reported a slight rise in quarterly profit and warned of a steep drop in revenue as its global clients struggle to cope with the economic slowdown.
Infosys, India’s second largest outsourcing firm, earned $313.0 million in net income for the quarter ended June 30 based on international accounting standards, a rise of 1.6 percent from a year earlier, it said Friday.

Infosys Campus
Revenues for the period fell 2.9 percent to $1.12 billion, but still beat analyst expectations.
The company said revenues would decline by 7.1 percent to 8.7 percent, to between $1.11 billion and $1.13 billion, in the current quarter.
Revenues for the fiscal year, which ends in March, will be $4.45 billion to $4.52 billion, the company predicted – a decline of 3.1 percent to 4.6 percent, but slightly more optimistic than its April forecast.
We’ve had a good quarter, chief executive S. Gopalakrishnan told The Associated Press by phone. Medium to long term I’m very optimistic that this is still a growth industry.
In the short term, things are going to be challenging, volatile, and unpredictable. That’s why we are cautious, he said.

Latest Facebook fad: Lying-down game

Posted by: Vande India   
July 10th,
2009

A bizarre “lying-down game” has become the latest fad among Facebook users. Several groups have been set up by Facebook users in honour of the game, which has led to thousands of photographs of people lying face down in progressively odder locations, including rooftops, post boxes, luggage racks, and even in the engine of a jumbo jet.

Many pictures show people lying in the middle of roads, in front of tanks, across bars in pubs, and on table football games.

2009-03-25-facebook_02.jpg

Participants are told there are two aims to the challenge: that the lying down should be as public as possible, and that as many people as possible should be involved.

Nuke Tech Ban on India Lifted by UK

Posted by: Vande India   
November 11th,
2008

In a significant development, Britain on Monday said it has lifted six-year-long ban on export of sensitive nuclear technology to India for civilian purpose.

“Since March 2002 UK policy has been to refuse all licence applications for Trigger List items to India,” Foreign Office Minister Bill Rammell said. 

‘That policy has now changed and we will now consider on a case by case basis licence applications for peaceful use of all items on the NSG Trigger List and NSG Dual-Use List when they are destined for IAEA safeguarded civil nuclear facilities in India,’ Rammell told the House of Commons in a written statement.

Firms had been barred from supplying equipment and material on the Nuclear Suppliers Group ‘trigger list’ to India since 2002 but the change in the Government’s position follows an NSG statement in September allowing an exemption from the group’s guidelines for civil nuclear facilities, which are safeguarded by the IAEA.

The ban will remain in force on items destined for ‘unsafeguarded nuclear fuel cycle or nuclear explosive activities’ or where there is an ‘unacceptable risk’ the material might be diverted to those activities.

‘We will continue to encourage contacts between UK nuclear scientists, academics and those working in or with the UK nuclear industry with their Indian counterparts, except where we consider that such contacts might be of assistance to the weapons-related aspects of its nuclear programme. 

‘Where such contacts involve the transfer of technology, which require export licences we will continue to consider applications for such licences on a case-by-case basis, in accordance with the provisions of UK export control legislation,’ Rammell said.

The Nuclear Suppliers Group agreed at a meeting in Vienna  on September 6 to waive its rules for India, which refuses to sign the Non-Proliferation Treaty.

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