Aryabhatta award to Prof Narasimha
Bangalore: Prof R Narasimha, member, Space Commission and chairman, Engineering Mechanical Unit, Jawaharlal Nehru Centre for Advanced Scientific Research (JNCASR), Bangalore has been selected for the Aryabhatta award 2004, instituted by the Astronautical Society of India (ASI).

Others selected for the ASI awards are: Dr Panner Selvam, DRDL Hyderabad for rocket related technology, Prof K P Singh, Tata Institute of Fundamental Research, Mumbai for space sciences and applications, K R S Murthy, Antrix Corporation, Bangalore and Dr Surendra Pal, ISRO Satellite Centre for space systems management, an ASI release said.

Prof A V Patki, Satyam Computer Services Ltd, Hyderbad has been selected for his contribution to spacecraft and related technology.

Those that have been selected for the ISRO-ASI awards 2004 (sponsored by ISRO) are: G K Kuruvilla, Liquid Propulsion Systems Centre, Thiruvananthapuram for rocket and related technologies, J S Parihar, Space Applications Centre, Ahmedabad for space sciences and applications, Dr D N Moorthi, ISRO, for space systems management and M N Sathyanarayanan, executive director, Space Industries Development (retd) for spacecraft and related technology.

While Geetha Varadan, ISRO, has been selected for the Women Scientist award 2004, Yogesh Prasad, ISRO Satellite Centre has been selected for the Young Scientist Award, the release said.

G Viswanathan and his team from ISRO Radar Development Centre have been selected for the Team Achievement award.

The Aryabhatta award carried a citation and Rs1 lakh in cash while each of ASI awards and Women Scientist Award carried a citation and Rs25,000 in cash, the ASI release said. The Team Achievement Award carried a citation and Rs1 lakh in cash while the Young Scientist Award carried a citation and Rs10,000 in cash.

The awards will be presented at a function here shortly, the release added.
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Oracle president joins i-flex board
Mumbai: Oracle Corporation has completed the acquisition of the Citigroup stake in i-flex, holding 43 per cent in the company, and its president, Charles Phillips, has joined the i-flex board of directors.

For the current quarter, Rajesh Hukku, chairman and managing director, said: "The product license fees signings were the highest in any quarter and have increased 57-per cent on a nine-month basis."

R. Ravisankar, CEO, international operations and business development, said: "Our differentiated business model built on customer focus, vertical specialisation, domain expertise, and global execution continues to deliver results. We are excited at the market opportunity in financial services, and with the strengthened relationship with Oracle, we are now even better positioned to capture a leadership position in this space."

i-flex posted a net income of Rs48.2 crore in the quarter ended December 31, 2005, representing a 6-per cent growth year-on-year, and a 26-per cent increase quarter-on-quarter. Revenues for the quarter grew 29 per cent at Rs388 crore, as against Rs300 crore in the corresponding previous quarter. Quarter-on-quarter, revenues registered 11-per cent growth.
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