NEWS

SUBMITTED BY:
VISHAP MAHAJAN
MBA-2C
Motorola's Sanjay Jha among most "overpaid CEOs" of 2009

●
Handset maker Motorola's India-born Co-

1. Chief Executive Sanjay Jha is listed among

the 25 most "overpaid CEOs" of last year by
the US proxy advisory firm Glass Lewis.

●
Yahoo Inc CEO Carol Bartz tops the list

2. of the executives who were paid too

much for running underperforming
companies.
Bugatti to drive in Veyron for Rs
12 crore in India
The dream car, the most expensive and fastest cars on planet, legendary french
brand bugatti is hitting Indian roads in last week of october at Rs 12 crore.

The bespoke super car has crossed 430km/hr speed and has 8-
litre engine churning outa whoping over 1200 Nm of power.

It would be competing against swedish koenigsegg and the American

ultimate Aero TT handmade from shelby super cars for the top slot.
India eyes $14 bn investment in oil
exploration round

India expects investments of

1.
●

$14 billion in its ninth licensing

 . round for exploration blocks.

In its previous eight rounds of

2.
●

auctions, New Delhi has

awarded 235 blocks
Ericson , NSN bag Vodafone 3G
deal
Swedens Ericson and Finland headquartered Nokia siemens
networks roll out 3G network for Vodafone Essar.

Vodafone gave a 3year contract estimated to $500 mn to gear

markets who are companies existing equipment vendors.

With the implementation of 3G roll out , more than 113.77 mn vf users would avail
high end services such as video calling, interactive games and use of high speed net.
 Blackberry May Face Ban If No
Solution In 5 Days
 RIM says it has no "master key" to unlock
encryption codes of clients which are set at the
user level and argues the issue is an industry-
wide concern.
 The government made it clear on 26th that
Blackberry services may be banned if its maker
fails to give any solution.
 Nooyi , Shikha Sharma, Chanda Kochar
among 100 most powerful women

 Two Indian women had made it to Forbes list of 100 most

powerful women with US first lady with Michelle Obama at
the top.
 India-born PepsiCo Indira Nooyi in sixth place.
 Axis bank chief executive Shikha Sharma, ranked 89th.
 ICICI bank chief executive Chanda Kocchar was in the 92nd
place.
 Nestle to set up F & B facility in
Himachal
 Dairy products major Nestle India will set a food
and beverage unit in Himachal Pradesh with an
outlay of Rs. 250 crore.

 Nestle has identify 30 acres of land near talewal

in una district for setting up its facility.
 Blackberry May Face Ban If No
Solution In 5 Days
 RIM says it has no "master key" to unlock
encryption codes of clients which are set at the
user level and argues the issue is an industry-
wide concern.
 The government made it clear on 26th that
Blackberry services may be banned if its maker
fails to give any solution.
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