Facebook launched a new messaging service that includes Facebook email addresses. Mahindra Satyam posted a profit for the first two quarters of the fiscal year after releasing its audited financial results for 2008-09 and 2009-10. Google urged the US to challenge China's growing restrictions on internet access and information flow. Ratan Tata said he was asked to pay a bribe to a Union Minister to form an airline. Kapil Sibal was given additional charge of the Telecom Ministry amid an investigation into corruption allegations regarding the 2G spectrum allocation. RIM plans to sell its tablet for under $500 to compete with the iPad. Vedanta finalized financing from a bank consortium for $6 billion to fund its acquisition

1. Weekly News

2. Facebook launches new messaging service,
includes email
SAN FRANCISCO: Facebook launched a next-
generation online messaging service on Monday that
includes facebook.com email addresses.

3. Mahindra Satyam posts profit in Q1, Q2
 Mahindra Satyam has posted consolidated profit of Rs
23.30 crore for the July-September period this fiscal.
 Company had announced its audited financial results for
the two fiscals--- 2008-09 and 2009-10.
 The new promoters of the Satyam Computer , had sought
time to declare the financial results.
 Performance over the last two quarters clearly reflects the
stability
 Retained our traditional strengths and leadership in
enterprise business solutions and integrated engineering
services.

4. Google urges US to challenge China
Internet curbs
 Challenge a growing list of Internet restrictions in
China and around the world .
 Negotiate new trade deals to protect the free flow of
online information.
 More than 40 governments now engage in broad-
scale restriction of online information, a tenfold
increase from just a decade ago.
 China is the world's largest Internet market with 420
million users.

5. Ratan Tata says he was asked to pay a bribe
to Union Minister
 Approached to the three Prime Ministers .
 An individual thwarted our efforts to form the
airlines.
 JRD Tata, had set up the first commercial airlines of
India 'Tata Airlines' in the 1930s and that was later in
the 1950s taken over by the Government and turned
into Air India.

6. Kapil Sibal to handle Telecom in addition to
HRD Ministry
 Given the additional charge of the Telecom Ministry by Prime
Minister Manmohan Singh in a development
 Official sources said Sibal will hold the charge of the Ministry
held by A Raja , who yesterday resigned facing allegations of
scam in 2G spectrum allocation.
 Ministry is facing allegations of corruption of huge
magnitude.
 Sibal, a renowned lawyer-turned-politician.
 V Narayansamy, Minister of State for Parliamentary Affairs,
was given additional charge of Department of Personnel and
Training.

7. RIM to sell tablet computer for less than $500
take on iPAD
 Research in motion the maker of blackberry said it
will begin selling tablet computer in North America
in the first quarter for $500 as it takes on Apple
iPAD.
 The product will be at competitive prices.
 RIM is trying to differentiate itself from Apple by
stressing the ability of its Playbook tablet to handle
Adobe Systems Flash technology that underpins
much of the video content of the video.

8. Vedanta finalizes consortium of banks to fund
$6 bn for Cairn Deal
 Finalized a consortium of banks which will fund upto $6
billion of debt.
 Standard Chartered Bank is the lead arranger for the loan
and will be funding upto $2 billion as part of the
consortium.
 The loan will be a combination of short-term and long-
term financing.
 Raise bridge loans of upto $2.5 billion which will have a
tenure of between 12-18 months. The remaining $3.5
billion will be long-term loans with a tenure of 5-7 years.
 Company is planning to list its Zambian Konkola Copper
Mines division on the London Stock Exchange.

9. THANKS