Garuda to roll out malls in K'taka towns
Business Standard.com
Our Bureau / Bangalore May 04, 2006
Euromar Garuda Resort, promoter of Garuda Mall in Bangalore, is planning to roll out malls in major towns in Karnataka with a budget of Rs 100 crore.
B G Uday, managing director of Euromar Garuda Resort, said: "Our goal is to take Garuda pan-Karnataka. We have identified key locations in the state starting with Jayanagar (Bangalore), Mysore, Hubli and Davangere as phase II expansion of the company".
The mall at Jayanagar (Bangalore) is being built at a cost of Rs 30 crore.
Other projects include the Rs 40 crore Garuda Mall in Mysore, a
Rs 20 crore mall in Hubli and Rs 10 crore mall in Davangere.
The company plans to replicate the Bangalore Garuda Mall project and hand-hold tier II brands to interiors of Karnataka, Uday said
Thursday, May 04, 2006
Karnataka logs 37% growth in software exports at Rs 38K cr
Karnataka logs 37% growth in software exports at Rs 38K cr
The Financial Express.com
Posted online: Thursday, May 04, 2006 at 0117 hours IST
BANGALORE, MAY 3: Karnataka’s software exports have surged 36% during the past year, touching Rs 37,600 crore, compared to exports worth Rs 27,600 crore recorded for fiscal year 2005.
Hardware exports from the state for the period were estimated to be worth Rs 2,481 crore, growing at 40% compared to Rs 1,768 crore during the previous fiscal. The state’s share in the overall country’s exports grew marginally to 37.6%, from 36% last year.
Karnataka secretary for IT and BT Shankarlinga Gowda said that given the current rate of growth, software exports from Karnataka could be expected to touch Rs 49,000 crore by end of the current year. The sector would create employement for 70,000 professionals in Karnataka during the year, he said.
Software exports during 2006 were primarily in the enterprise application space, that accounted for 57% of the exports, while technology and software constituted 24% and ITES/BPO contributed 16% to the pie.
According to the estimates of the Software Technology Parks of India (STPI), Karnataka attracted fresh investments from 124 foreign equity companies and 77 Indian companies during the period. Proposed IT investments in the state during the period was Rs 2,761 crore, including Rs 1,882 crore from foreign equity players and Rs 879 crore from Indian companies.
The pie of fresh investments in the ITeS/BPO space expanded by 10% compared to its share in the previous year, at 32% during the past year. 43% of newly approved companies were in the enterprise application space. Technology and sofwtare sector contibuted 25% of the new investments, Mr Naidu said.
IT exports from tier-II centres in Karnataka, including Mysore, Mangalore, Hubli and Dharwad were promising. According to officials, IT exports from Mysore would touch Rs 600 crore in the current fiscal, while Mangalore’s IT exports would cross Rs 1000 crore by 2007.
Exports from Mysore, which houses 40 IT companies, were recorded to be Rs 392 crore in 2006, while Mangalore and Manipal based 21 IT players clocked exports worth Rs 570 crore during the year. Hubli houses nine IT companies and exports worth Rs 4.92 crore were recorded during the year.
The Financial Express.com
Posted online: Thursday, May 04, 2006 at 0117 hours IST
BANGALORE, MAY 3: Karnataka’s software exports have surged 36% during the past year, touching Rs 37,600 crore, compared to exports worth Rs 27,600 crore recorded for fiscal year 2005.
Hardware exports from the state for the period were estimated to be worth Rs 2,481 crore, growing at 40% compared to Rs 1,768 crore during the previous fiscal. The state’s share in the overall country’s exports grew marginally to 37.6%, from 36% last year.
Karnataka secretary for IT and BT Shankarlinga Gowda said that given the current rate of growth, software exports from Karnataka could be expected to touch Rs 49,000 crore by end of the current year. The sector would create employement for 70,000 professionals in Karnataka during the year, he said.
Software exports during 2006 were primarily in the enterprise application space, that accounted for 57% of the exports, while technology and software constituted 24% and ITES/BPO contributed 16% to the pie.
According to the estimates of the Software Technology Parks of India (STPI), Karnataka attracted fresh investments from 124 foreign equity companies and 77 Indian companies during the period. Proposed IT investments in the state during the period was Rs 2,761 crore, including Rs 1,882 crore from foreign equity players and Rs 879 crore from Indian companies.
The pie of fresh investments in the ITeS/BPO space expanded by 10% compared to its share in the previous year, at 32% during the past year. 43% of newly approved companies were in the enterprise application space. Technology and sofwtare sector contibuted 25% of the new investments, Mr Naidu said.
IT exports from tier-II centres in Karnataka, including Mysore, Mangalore, Hubli and Dharwad were promising. According to officials, IT exports from Mysore would touch Rs 600 crore in the current fiscal, while Mangalore’s IT exports would cross Rs 1000 crore by 2007.
Exports from Mysore, which houses 40 IT companies, were recorded to be Rs 392 crore in 2006, while Mangalore and Manipal based 21 IT players clocked exports worth Rs 570 crore during the year. Hubli houses nine IT companies and exports worth Rs 4.92 crore were recorded during the year.
BVBC to institute award in Suryanarayana’s name
BVBC to institute award in Suryanarayana’s name
The Newindpress.com
Wednesday May 3 2006 12:27 IST
HUBLI: A pall of gloom descended on the BVB College of Engineering and Technology, Hubli as it mourned the death of its alumni K. Suryanarayana, who was brutally killed by the Taliban.
Suryanarayana got admission in BVB College in the electronics and communication engineering branch after his PUC in 1984-85. But he switched over to the mechanical engineering after completing one year in the E and C department. He graduated in 1989-90.
His friends and classmates Pradeep Shettar, an industrialist of Hubli, Somu Patil, consulting civil engineering and Rajeshkar Wali said that Suryanarayana was very serious about his studies and brilliant. He was polite and well-behaved too.
Though Suryanarayana’s mother tongue was Telugu, he learnt Kannada within a few months of joining the college and spoke like a local. Whatever happened to our friend is not fair and the terrorist act is highly condemnable. On hearing the news of Suryanarayana’s killing, we were shocked since we lost one of our best friends and a brave citizen of the country, they mourned.
As a mark of respect, BVB college has decided to institute an award in Suryanarayana’s memory for services rendered in the field of social work.
Principal Ashok Shettar condemning his brutal killing, said that both India and Afghanistan should ensure the safety of Indians working on various projects.
‘‘We are proud of him and are planning to institute an award in his name which is yet to be finalised. The award will be conferred at the college annual day, probably this month,’’ he added. The college staff also condoled the death of Suryanarayana at a condolence meeting on Tuesday. The students took out procession, protesting against the killing.
The Newindpress.com
Wednesday May 3 2006 12:27 IST
HUBLI: A pall of gloom descended on the BVB College of Engineering and Technology, Hubli as it mourned the death of its alumni K. Suryanarayana, who was brutally killed by the Taliban.
Suryanarayana got admission in BVB College in the electronics and communication engineering branch after his PUC in 1984-85. But he switched over to the mechanical engineering after completing one year in the E and C department. He graduated in 1989-90.
His friends and classmates Pradeep Shettar, an industrialist of Hubli, Somu Patil, consulting civil engineering and Rajeshkar Wali said that Suryanarayana was very serious about his studies and brilliant. He was polite and well-behaved too.
Though Suryanarayana’s mother tongue was Telugu, he learnt Kannada within a few months of joining the college and spoke like a local. Whatever happened to our friend is not fair and the terrorist act is highly condemnable. On hearing the news of Suryanarayana’s killing, we were shocked since we lost one of our best friends and a brave citizen of the country, they mourned.
As a mark of respect, BVB college has decided to institute an award in Suryanarayana’s memory for services rendered in the field of social work.
Principal Ashok Shettar condemning his brutal killing, said that both India and Afghanistan should ensure the safety of Indians working on various projects.
‘‘We are proud of him and are planning to institute an award in his name which is yet to be finalised. The award will be conferred at the college annual day, probably this month,’’ he added. The college staff also condoled the death of Suryanarayana at a condolence meeting on Tuesday. The students took out procession, protesting against the killing.
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