Monday, 20 April 2009

3 Executives of Tech Mahindra May Join Satyam Board

NEW DELHI: Three senior executives of Tech Mahindra are likely to be inducted in the Satyam board. The names doing the rounds are vice-chairman, MD & CEO Vineet Nayyar, president (international operations) CP Gurnani, and president (strategic initiatives) Sanjay Kalra. Anand Mahindra, chairman of Tech Mahindra, who is in Hyderabad, is expected to address Satyam employees to provide them comfort amid concern that the new management may cut jobs.3 Executives of Tech Mahindra May Join Satyam Board
Tech Mahindra will have its first official interaction with the Satyam board on Monday after obtaining the Company Law Board’s approval for acquiring majority stake in troubled IT company.
Mahindra may also address all the vertical and process heads of Satyam and get an idea of the operations and business from the officials on the field.
“There is a board meeting on Monday. All Satyam directors and senior officials of Tech Mahindra will participate in the meeting to take stock of the situation,” a Satyam Computer spokesperson said.
Tech Mahindra emerged as the highest bidder for majority stake in Satyam at Rs 58 a share in an auction held on last Monday. It has to pay Rs 1,756 crore by April 22, 2009 for 31% stake.
As per the bidding schedule, the payment of Rs 1,756 crore will ensure the ownership of Satyam to Tech Mahindra following which the Mumbai-based company has to acquire another 20% in an open offer to public.

Pakistan’s Nuclear Program in Safe Hand: Manmohan Singh

GUWAHATI: Even as concern mounts around the world about the growing anarchy in nuclear armed-Pakistan, prime minister Manmohan Singh on Sunday said India has been assured that Pakistan’s nuclear weapons are in safe hands “as of now”.
Pakistan Nuclear Program in Safe Hand: ManmohanThe PM did not specify where the assurance had come from. But his comment clearly signified that India has been worried enough to seek reassurance on that count. Significantly, there have been a series of high-level exchanges between India and the US of late. The PM recently met US President Barack Obama at the G20 meet in London, and the problem of terror in Af-Pak (Afghanistan-Pakistan) figured in their discussions.Senior Obama administration officials like US special envoy for Pakistan and Afghanistan Richard Holbrooke and chairman of the US Joint Chiefs of Staff Mike Mullen also made high-profile visits to the region recently.
The PM’s comment on Sunday was in response to questions raised by opposition BJP about the unrest in Pakistan and the increasing fire-power of the Taliban in the neighbouring country.
“We have been assured that Pakistan’s nuclear weapons are in safe hands as of now. And I have no reason to disbelieve the assurance,” Singh said when asked whether there is a threat of the Taliban capturing Pakistan’s nuclear assets.
Only a day earlier, BJP president Rajnath Singh had expressed concern that large parts of Pakistan were under “Taliban control”. Addressing an election rally at Behali in Assam’s Sonitpur district, Rajnath said, “Some provinces of Pakistan are under the control of Taliban. New Delhi has to be prepared to tackle the situation.”
Addressing a news conference at Amingaon in Guwahati just before a Congress election rally, the PM also said Maoists and terrorism posed a great threat to the country’s security and integrity as these hampered development.
“The twin menaces need to be dealt with a firm hand and we are committed to it. All right-thinking people should get together to counter the threat,” Singh said. Congress, the PM added, was the only party competent to handle these problems.
Taking serious note of the Maoist attacks in five states during the first phase of the polls, the PM said he did not think that the remaining phases of elections would be violent. Singh attacked the BJP-led NDA’s track record in tackling terror attacks when they were in power at the Centre. “During the Mumbai terror attack, the (Congress-led) UPA government dealt with the situation with a firm hand unlike the Opposition parties. What steps did they (NDA) take during their time to control terrorism? There is always a difference between BJP’s words and actions,” Singh said.
On the recent bomb blasts in Assam, the state he represents in the Rajya Sabha, Singh said: “I share the grief of the victims of the recent violence. And we are committed to stop this mindless violence.” A renewed effort was needed to control insurgency in the North-East, he said.
The PM welcomed the unilateral ceasefire declared by a section of Ulfa last year. “I do not agree that violence is a means to achieve a goal. I think those who are with weapons cannot work for the poorer and weaker sections of society.”

India launches First Spy Satellite

ndia has launched its first all-weather spy satellite, that will help security agencies keep a watch on the movements on the borders. The PSLV-C12, carrying 300-kg Radar Imaging Satellite (RISAT-2) and 40-kg micro educational satellite ANUSAT lifted off from ISRO’s Satish Dhawan space Centre on Monday.

india launches first spy satellite 266x300 India launches first spy satellite

The Polar Satellite Launch Vehicle, weighing 230 tonnes at the time of launch, soared into a clear sky from the spaceport here, about 90 km north of Chennai. RISAT has all-weather capability to take images of the Earth and would also be beneficial in mapping and managing natural disasters, such as floods and landslides, besides amplifying defence surveillance capabilities of the nation
ANUSAT is the first satellite developed by an Indian university (Anna University).
University sources said scores of students and faculty from different streams had worked on this satellite for the last six years. This is the 15th flight of ISRO’s workhorse PSLV, which had launched 30 satellites (14 for India and 16 for foreign countries) into a variety of orbits since 1993.

Sheikh Rashid Holds Meeting With Munawwar Hassan

LAHORE: Chief of Awami Muslim League Sheikh Rashid reached Jamat Islami headquarters Mansoora to meet Munawwar Hassan, new leader of Jamat. Rashid congratulated Munawwar Hassan for his election as the new Ameer of Jamat Islami.
In the talks the two leaders were concerned over drone strikes in Pakistan and agreed that Pakistan should express stern reaction against the US spy planes raids.