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India News on May 18, 2012


  • Government says that Kingfisher owes Rs 269 crore to Income Tax. Penalty and Prosecution proceedings have been initiated against it.

IIT results out, Patna- based Super 30 institute establishes its supremacy again
The entrance examination results of the coveted Indian Institute of Technology (IIT), declared on Friday have brought cheer to Patna, as 27 students from the city based Super 30 institute have once again made it to elite institutions. ANI

CBI raids houses of 15 Jharkhand legislators
The Central Bureau of Investigation (CBI) on Friday raided residences of at least 15 Jharkhand legislators here, to probe allegations of horse-trading and corruption in the recent Rajya Sabha elections. ANI

Army indicates drop in infiltration in J and K
General Officer Commanding of the Srinagar-based XV Corps, Lt General Syed Atta Hasnain, has said that security forces have been successful in foiling infiltration attempts by militants across the Line of Control (LOC). ANI

Govt. not serious about endorsing an effective Lokpal Bill: Kiran Bedi
Former Indian Police Service (IPS) officer and Team Anna member Kiran Bedi has said the Central Government is not serious about endorsing an effective Lokpal Bill, since it would be like sounding the death knell for corrupt politicians. ANI

Corruption, economic crisis mark rule of UPA II government: BJP
The Bharatiya Janata Party (BJP) has said that the United Progressive Alliance (UPA-II) Government has been marked by failures, corruption and economic crisis. ANI

NCP says will toe UPA line on choice for president
The Nationalist Congress Party (NCP) on Friday categorically stated that being a part of the ruling UPA Government, it would take a decision on who would be the next president of India with the widest possible consensus. ANI

Quadra Software Solutions Private Limited receives the IT Application Vendor of the Year in the Real Estate and Construction Sector at 2012 Frost & Sullivan India ICT Awards
Frost & Sullivan awards Quadra Software Solutions Private Limited, IT Application Vendor of the Year in the Real Estate and Construction Sector for the year 2011 Business Wire India

Polycom receives the Video Conferencing Equipment Vendor of the Year at 2012 Frost & Sullivan India ICT Awards
Frost & Sullivan today announced that Polycom India has been honored with the Video Conferencing Equipment Vendor of the Year award for 2011. Polycom, Inc., the global leader in open standards¬-based unified communications (UC), has won this award for the second consecutive year Business Wire India

Tata Communications Sweeps the Enterprise Telecom Services Category at the 2012 Frost & Sullivan India ICT Awards with Three Honors
Frost & Sullivan has conferred three awards upon Tata Communications in the Enterprise Telecom Services category at the 2012 Frost & Sullivan, India, Information and Communications Technology (ICT) Awards. Tata Communications bagged the Enterprise Data Service Provider, Hosted Contact Centre Service Provider and Third-Party Managed Services Provider Awards for the year 2011 Business Wire India

Mr. Hari Bhartia Congratulates the Graduands at IILM Convocation 2012
The annual convocation ceremony of IILM Institute for Higher Education Lodhi Road, New Delhi and Gurgaon, was held on May 11th, 2012. Mr. Hari Bhartia, Co-Chairman & MD, Jubilant Life Sciences Ltd, presided over the convocation and awarded Certificates of Merit to the students Business Wire India

Convergence Gaining Momentum, Wireless Broadband Growing Significantly, and New Innovative Business Models to Evolve in the Indian ICT Industry, Expects Frost & Sullivan
The rapid expansion of the Indian IT and Telecom sector has emerged as a key driver for the Indian economy and placed India on a globally competitive platform in the last one and a half decades. In the last financial year, Indian IT Software and Services export has grown at a rate of 16.5 percent and has reached USD 68 billion Business Wire India

Rediff.com India Limited Schedules Fourth Quarter and Fiscal Year Ended March 31, 2012 Earnings Results Conference Call for May 29, 2012
Rediff.com India Limited (Nasdaq: REDF), one of the premier worldwide online providers of news, information, communication, entertainment, mobile and shopping services, will release its results for the Fourth Quarter and Fiscal Year Ended March 31, 2012 at 8:30 am ET ( 5:30 am Pacific Time / 6:00 pm India Time) on Tuesday, May 29, 2012. In conjunction with this release, Rediff Business Wire India

Ittiam Announces the Election of Dr. Sriram Sethuraman as the Chief Technology Officer
Ittiam Systems today announced that Dr. Sriram Sethuraman has been elected as the company’s first Chief Technology Officer. He joined Ittiam Systems in 2002 when he returned to India from the United States of America. Dr. Sethuraman received his Ph.D. in Electrical and Computer Engineering from Carnegie Mellon University, Pittsburgh, USA in 1996 Business Wire India

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