There is "AN ALGORITHM INTENSIVE TIME CONSTRAINED ONLINE PROGRAMMING CONTEST" at IIT Kharagpur.
Visit http://www.bitwise.iitkgp.ernet.in/index.php for more info.
Dinesh and I have teamed up and registered for the competition.
Coding is in C/C++ so that should please Hrishi too. Talking about Time Constrained its 12 hrs long!!
Lets see how we perform!!
PS- Do you thing they not consider Java for perf reasons?? AARGH!!