Rs. 1 Crore salary hike for top honchos of TCS -R s

SiliconIndia Daily dose

Monday, June 08, 2009
Top news
When companies are cutting salaries of their employees due to the economic slowdown, IT bellwether TCS has decided to increase the pay packages for its top management and board members.
10 Indian companies are listed among Financial Time's top 500 global companies for 2009, in terms of market capitalization.
With Indians beginning to get a feel of the speed and features of third generation (3G) telephony, gizmo lovers are anxiously awaiting the launch of yet another version of the iPhone from Apple Inc.
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3/4 BHK, BBMP approved, project completed HRBR Banaswadi, off ring road Kalyan Nagar, Bangalore.
The World Bank has given its nod to a whopping Rs.1,332 crore (Rs.13.32 billion) soft loan for reclamation of sodic land in Uttar Pradesh - a move that will help an estimated 250,000 farmers.
Bokaro Steel Plant has planned to shave off up to Rs.225 crore in expenditure this fiscal on account of rising input costs and declining profits, according to a top company official.
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Siemer and Associates, has invested in XCast Labs' as part of a $2.7 million Preferred Round A financing. The XCast Labs is a SaaS provider of digital voice and video solutions.
Vijay Mallya-promoted Kingfisher Airlines has got crucial funding of Rs 2,000 crore from State Bank of India and a consortium of other banks to meet working capital requirements.
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