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Mahindra Satyam to expand Malaysia operations
Mahindra Satyam, the new brand identity of Satyam Computer Services, has embarked on international expansion and as part of this, is expanding its global solution centre (GSC) operations at its 15-acre campus in Cyberjaya, Malaysia.

Why didn't Liberhan indict Cong leaders, asks Nitish
Bihar Chief Minister Nitish Kumar today accused the Congress of being "responsible" for the demolition of Babri Masjid in Ayodhya, saying the Liberhan Commission that probed the incident should have indicted the party and its leaders.

News of the day

PSU stocks gain as Sensex logs first weekly gain in three weeks
The BSE Sensex climbed 0.6 per cent on Friday, posting its first weekly rise in the past three weeks, with banks leading the rebound as investors picked bargains after last month’s fall. Gains in global stocks after the US labour department said initial claims for state unemployment benefit had dropped to their lowest level since early January also underpinned the market.
Online Business

Industry fiercely protects right to pay CEOs

Corporate India today warned the government that any regulation of CEOs" pay may lead to flight of talent and capital from the country and said salaries are best decided by the industry. - SAIL"s iron ore demand in Chiria excessive: J"khand Govt - Audi sales jump two fold in September - Toyota to strengthen dealership network by 65% by 2010 - Ashok Leyland expects 5% domestic sales growth this fiscal - Mercedes Benz launches E-Class - Bajaj Auto mulls assembly plant in Brazil "Any new norms on compensation to India CEOs may set in motion a flight of talent and capital away from the country," industry chamber Ficci"s president Harsh Pati Singhania said in a statement. Joining the debate with Corporate Affairs Minister Salman Khurshid who said that the CEOs" remuneration should be regulated, heads of apex industry chambers said that they would like the issue to be settled by and within India Inc. The Confederation of Indian Industry (CII) is working on a governance code for its members that would deal with remuneration of executives at board level and a level below. A CII task force, under the chairmanship of former Cabinet Secretary Naresh Chandra is studying the key issues of corporate governance, including the compensation packages of senior management. "CII has always believed that corporates have a social responsibility and always supported self regulation..," its President Venu Srinivasan said. Khurshid"s remark triggered a debate whether pay packets of industry honchos, some of whom are paid as much as Rs two crore a month, should be regulated. PHD Chamber of Commerce and Industry President Satish Bagrodia said the pay packets have to be commensurate to the value addition by the CEO to the company he/she works for. "The companies should have the flexibility to decide on the salaries they are comfortable paying," Bagrodia said.


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