Buzzing News: Infosys Results, PSLV-C18, August IIP & Sept Exports data & Apple iOS 5 launch date!


The month of October has been buzzing with lots of latest news and niche updates, which we would like to cover as a small newsletter for our readers. Most heart wrenching news among them is passing away of Gazal singer Jagjit Singh and Apple Inc co-founder Steve Jobs – both were true legends in their field of profession.

Infosys cheers market by Q2 numbers


This time around, IT bellwether Infosys announced above-expectation earnings at Rs.1906 crore, up 9.72%, to completely stump the street estimates, despite deteriorating macroeconomic scenario globally. India’s No.2 software service exporter also announced an interim dividend of Rs.15 per share. The company has revised its FY12 guidance to Rs.33501-34088 crore in rupee terms.

PSLV-C18 launches 4 satellites!

ISRO launched its Polar Satellite Launch Vehicle (PSLV)-C18 satellite along with 4 other spacecrafts, including an Indo-French satellite Megha-Tropiques aimed at monitoring weather and climate conditions in tropical regions.

Among the remaining three nano satellites, SRMSat was built by students of SRM University and the 3-kg light remote-sensing Jugnu was built by IIT-Kanpur student. All the satellites were aimed to hit the orbit with multi-functional purposes.

August IIP data at 4.1%

industry1 thumb IIP August data at 4.1%; Moody’s raises an alarm!

India’s August IIP data came in at a weaker 4.1% from the year-ago levels led by disappointing manufacturing output data and slowdown in mining output. Further, the July IIP figures were revised from a dismal 3.3% to 3.84% on statistical correction. Mining output for August 2011 came lower at 3.4%, followed by slower growth in capital goods index to 3.9% for the given period.

India’s Exports up 36% in September

India’s exports for September 2011 saw a growth of 36% year-on-year to $24.8 billion, as against the country’s higher consumption in terms of overseas goods and services at $34.6 billion. Thus, India’s trade deficit summed up to $9.8 billion for the month of September. Exports for the second quarter of the fiscal grew by 52.1% to $160 billion.

Official Facebook App for iPad users

FB app

Facebook has released its iPad application on popular demand, to allow the tablet users to connect with its social network in a tablet-friendly version of the website. The newly launched software will enable users to navigate through high-resolution photos, games, chat with friends and update their status without any systemic hiccups.

Apple’s iOS 5 launch on Oct 12

iPhone’s iOS 5 new operating system launch date is set on October 12, that will be made available on popular Apple devices such as iPhone 4, iPad and next-generation iPod Touch music players. Moreover, even iCloud, Apple’s cloud-based service offering, will also be made available for download for users on the same day.

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