Motorola Co-CEO Sanjay Jha was listed among the 25 most overpaid CEOs of 2009 according to a US advisory firm. Yahoo CEO Carol Bartz topped the list. A deal for SpiceJet promoter Bhupendra Kansagra to sell a 7.7% stake in the airline to media baron Kalanithi Maran was challenged in US courts by some of Kansagra's business associates. Hindustan Aeronautics will play a critical role in the design and development of India's Fifth Generation Fighter Aircraft, despite initial expectations that the Russians had solely developed prototypes for the new plane since 1999.

1. Motorola's Sanjay Jha among most "overpaid CEOs" of 2009 Handset maker Motorola's India-born Co-Chief Executive Sanjay Jha is listed among the 25 most "overpaid CEOs" of last year by the US proxy advisory firm Glass Lewis. Yahoo Inc CEO Carol Bartz tops the list of the executives who were paid too much for running underperforming companies.

2. SpiceJet stake: Kansagra-Maran deal lands in US court A few business associates of BhupendraKansagra — the Spice Jet promoter who agreed to sell 7.7% stake in the low-cost airline to the southern media magnet KalanithiMaran — have moved US courts to stall the transaction. He bloc of shares is held by Royal Holdings Services (RHSL), a US firm.

3. HAL to play critical role in fifth gen aircraft Hindustan Aeronautics (HAL) will be playing a critical role in the design and development of the much-vaunted Fifth Generation Fighter Aircraft (FGFA) programme , contrary to expectations. The concern arises from the fact that the Russians have been developing a single seater prototype, the PAKFA T-50 since 1999.

4. Bank of America to hire over 1,000 people Financial services major Bank of America will hire more than 1,000 people in the US, to boost its presence in the small businesses segment. He entity would expand its small business presence by hiring bankers in areas, including Los Angeles and Dallas.

5. SBI likely to up base rate, other lending rates by Dec India's largest bank was one of the few lenders which had not revised its base rate -- the lowest rate at which it can lend -- of 7.50 per cent after the Reserve Bank's mid- quarter policy review on September 16. Lending rates were raised about two months ago.

6. RBI sells almost all its stake in Nabard to Govt. Amid the debate over whether RBI should hold stake in lending institutions or only be a regulator, the central bank has sold almost all its holding in the apex agriculture and rural development bank, Nabard, to the Government of India.

7. Axis Bank gets RBI approval to set up UK subsidiary Private sector lender Axis Bank said it has received approval from the RBI to set up a subsidiary in the UK, as well as permission to upgrade its Shanghai representative office into a branch.

8. Western Union, SBI to launch mobile money transfer service Western Union is a leader in global payment services, while SBI is India's largest bank. Western Union has more than 61,000 agent locations in India.

9. India eyes $14 bn investment in oil exploration round India expects investments of $14 billion in its ninth licensing round for exploration blocks. In its previous eight rounds of auctions, New Delhi has awarded 235 blocks.