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Satyam agrees to settle case with Upaid for $70 million
Mahindra Satyam (the erstwhile Satyam Computer Services) has agreed to pay $70 million (Rs 325 crore) as settlement to UK-based Upaid, which had claimed damages of $1 billion for alleged forgery, fraud and breach of contract. http://smallpersonalloans.org.uk

'We will report to UN on climate change every two years'
Leslie D"Monte & Kirtika Suneja / New Delhi December 5, 2009, 0:15 IST

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LS passes three bills without discussion
The Lok Sabha today passed three bills in 15 minutes without any discussion as opposition members protested vociferously against price rise and carving out Telangana from Andhra Pradesh.
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Wipro's Infocrossing inks deal with Cliffs

Infocrossing, a company acquired by IT firm Wipro, has entered into a multi-year agreement to provide infrastructure services to Cliffs Natural Resources Inc, an international mining and natural resources company. - Tata Steel partners NML; to invest 300 mn Canadian dollar - Resurgere Mines to raise Rs 250 cr via securities - GCCI frowns on proposed levy on mining firms - NMDC exceeds production target for 2008-09 Infocrossing will provide Cliffs server, storage and architecture services from its data centres, a release said. It will also deliver service desk and desk top support to around 2,000 employees across Cliffs" multiple North American administrative and operating locations. Infocrossing is an IT infrastructure management solution provider. Cliffs is North America"s largest producer of iron ore pellets and a major supplier of direct shipping lump and fines iron ore out of Australia. It is also a significant producer of metallurgical ore.


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