Monday, June 22, 2009

NKorea threatens to harm US if attacked

SEOUL, South Korea -North Korea reminded the U.S. on Monday that it has nuclear weapons and warned it will strike back if attacked, as a U.S. destroyer continued to trail a North Korean cargo ship suspected of carrying illicit weapons.
The Kang Nam, previously involved in weapons shipments, is the first vessel monitored under new U.N. sanctions adopted after the North's nuclear test last month. It could become a test case for interception of North Korean ships at sea — something Pyongyang has said it would consider an act of war.
President Barack Obama said the U.S. is ready to cope with "any contingencies" amid reports the North appears to be preparing for a long-range missile test planned sometime around July 4, the Independence Day holiday. Defense Secretary Robert Gates has ordered additional protections for Hawaii as a precaution.

Saina Nehwal wins Indonesian Open

Indian shuttler Saina Nehwal has won the Indonesian Open badminton title with a victory over the higher-ranked Chinese player Lin Wang in Jakarta.

Nehwal also became the first Indian to win a Super series tournament with her 12-21, 21-18, 21-9 victory in a match which lasted 49 minutes.

The world number 8 player came in from behind to defeat Wang, ranked number 3.

India's badminton authorities have hailed her victory and announced a reward of 200,000 rupees ($4133).

"It is a big moment in Indian badminton. We are proud of her achievement", India's badminton association chief, VK Verma, said.

The 19-year-old shuttler from the northern state of Haryana, was the first Indian woman to reach the singles quarter-finals at the Olympics.

Mehwal is also the first Indian to win the World Junior Badminton Championships.

Satyam is now Mahindra Satyam with a new biz plan

Hyderabad, Jun 22: The new owner of the Satyam Computers, Tech Mahindra Ltd has renamed the software provider Mahindra Satyam. Apart from adapting a new logo of the Mahindra Group, the firm will be assuming a new business plan.


The new business plan will focus on good corporate governance and citizenship. The firm is expected to win back its reputation and business through through joint branding and go-to-market strategies.


“Customer centricity, high standards of corporate governance, unimpeachable ethics form the cornerstones of the Mahindra Group,” said Anand Mahindra, vice-chairman and managing director, Mahindra Group.

He added that this 'rebranding exercise' will bring together 'Mahindra Group’s values' and 'Satyam’s fabled expertise'.
“This is a significant milestone towards the recovery of the company,” said Vineet Nayyar, executive chairman of Tech Mahindra.