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July 2, 2014

Infosys to pay new CEO $5.08 mn annually

Bangalore, July 2 (IANS) Infosys Ltd will annually pay its new chief executive and managing director Vishal Sikka a whopping $5.08 million (around Rs.30 crore) and stock options (equity shares) equivalent to $2 million, when he joins the company Aug 1.In a regulatory filing to the stock exchanges Wednesday, the software major said the 47-year-old Sikka will also be on the company's board as a whole-time director from June 14, 2014 to June 13, 2019. The company has convened an extraordinary general meeting (EGM) July 30 here…

Akhilesh approves ‘e-pension’ scheme

Lucknow, July 2 (IANS) Uttar Pradesh Chief Minister Akhilesh Yadav Wednesday approved the implementation of the 'UP e-pension system' for the benefit of lakhs of pensioners in the state.A state government spokesman said under the system, filling up of pension forms, checking, verification and payment will be done based on an online system. The mechanism - 'UP e-pension system' - has been developed with the help of the National Informatics Centre. The spokesman said under the new system, no changes would be made in the…

Formula 1 team Caterham sold

Leafield (England), July 2 (IANS) Malaysian entrepreneur Tony Fernandes Wednesday sold his Formula 1 team Caterham to a consortium of Swiss and middle-eastern investors advised by former Force India and HRT boss Colin Kolles."Under the terms of the sale, the team will continue to race as Caterham F1 Team and will remain based at Leafield for the foreseeable future," said a Caterham statement. The new owners takes charge with immediate effect. Former Dutch F1 driver Christijan Albers, assisted by Manfredi…

Bolivian president considers Suarez ban a ‘revenge’

Potosi (Bolivia), July 2 (IANS/EFE) Bolivian president Evo Morales said that the sanctions imposed by FIFA on Uruguay's Luis Suarez is a revenge attempt, after several European teams were eliminated by South American teams from the World Cup."I feel that some FIFA leaders are retaliating on some South American players in order to not to continue eliminating the Europeans,” Morales said here, reports EFE. The leader expressed his solidarity with Suarez and the Uruguayan team, hoping for South American teams…

Rodriguez important, team more important: Valdes

Cotia (Brazil), July 2 (IANS/EFE) Colombia defender Carlos Valdes praised teammate James Rodriguez for his role during the World Cup but also stressed on the fact that the team as a whole is most important.Colombia will face hosts Brazil in the quarterfinals Friday after defeating Uruguay 2-0 in the Round of 16 with both goals coming from Rodriguez, reports EFE. "Neymar is a great player and important for Brazil. But James Rodríguez also is important for us. Brings a lot to the team,” said the San…
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