LION’S SHARE FOR TELECOM IN FDI

 The telecom sector has the onus of bringing in nearly Rs.4,294 crore in foreign direct investment among the clutch of 17 FDI proposals approved by the government envisaging a total inflow of Rs.4,551 crore.  Among the four proposals pertaining to the telecom sector approved on the basis of recommendations of the Foreign Investment Promotion Board (FIPB), the largest chunk of Rs.3,051 crore is to be invested in Sistema Shyam Teleservices by the Federal Agency for State Property Management of the Russian Federation by way of picking up a 20 per cent stake in the telecom service provider company engaged in the field of unified access service licence. MAHESH GETS TATA AWARD FOR QUALITY MANAGEMENT  The Indian Society for Quality (ISQ) awarded K.Mahesh, Chairman and Managing Director, Sundaram Brake Linings (SBL), the Jamsetji Tata Award in recognition of his outstanding role in promoting quality management in his company and industry at large.  ISQ is a not-for-profit society formed to promote the networking, development and recognition of quality professionals and is the face of India in the world of quality management in international forums.  The Jamsetji Tata Award was instituted in 2004 and earlier recipients include Venu Srinivasan, Jamshed Irani, Arun Bharat Ram, Surinder Kapur and B. Muthuraman. VINEET NAYYAR TO HEAD MAHINDRA SATYAM  Vineet Nayyar has been appointed Chairman of Mahindra Satyam.  M. Damodaran, former chairman of Securities and Exchange Board of India, and Gautam S. Kaji, Chairman of Washington-based Centennial Group, have been appointed additional directors and the new appointments will come into force with immediate effect. The size of the board has been increased to eight comprising four independent directors, including two nominee directors of the Central Government, two non-executive and two whole-time directors.