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MNC’s led by investment banks have come up with a new proposal to raise the variable component in salary by 60% to attract B-School freshers. Two years ago, the variable pay portion was 20%. The companies have attempted this method because of higher growth at home and recovering developed economies prompt companies to speed up deal making activity.

Whenever there are increasing chances of M&As the earnings would be raised more than the promised portion of variable pay, said by HR consultants.

The first trail of Bangalore metro train was held on January 23, where it has carried various family members and relatives of the officials but this time its second trail run is without official’s kin.

Namma Metro’s second trail run was held on Wednesday twice from Byappannahalli Station to Trinity Circle Station. The trial run began at the Byappannahalli Station at 6.30 pm. It halted at the Trinity Circle Station at 7pm for 10 minutes and then rush back to Byappannahalli.

In 2009, Satyam Computer Services Ltd has committed a fraud expected to exceed over $1.5 billion, in which the company had overstated its earnings and assets for several years.

But now the company has agreed to pay $125 million to settle US shareholders litigation.

The settlement papers were submitted on Wednesday in the US district court of Manhattan, which states that settlement does not cover few individuals including outsourcing company’s founder and former chairman, Ramalinga Raju.

We expect Usha Martin to benefit from 32% volume CAGR over FY10-FY12E and improved cost structure with completion of capacity expansion of metallics by 0.4mtpa and steel by 0.6mtpa and full integration from mineral resources to value-added products. Though there are concerns over execution of volumes mainly due to one-time events (breakdown of a 30MW CPP, inadequate power from the grid and captive coal logistics issues) in Q3FY11, we believe that these are factored-in the price. At CMP of Rs58 we find the risk-reward favorable. On a consolidated level we estimate 29% EBITDA CAGR and 26% EPS CAGR over FY10-FY12.

The cement industry has suffered due to over supply and substantial rise in costs. Cement demand is expected to pick up in the current quarter and continue until the onset of monsoon, giving price flexibility to manufacturers. Although all is still not well for the sector, the intense pain of Q2FY11 appears to be behind us.

We expect Tata Steel's EBITDA to grow at 42% CAGR over FY10-12, driven by its increasing share of profitable Indian operations with additional capacity at Jamshedpur, turnaround at Tata Steel Europe (TSE), capital restructuring, leaner cost structure, partial resource integration, and improving steel profitability. We expect Tata Steel's consolidated net profit to be Rs60.7bn in FY11 and Rs64.0bn in FY12. We find the stock attractively valued at 4.8x FY12E EV/EBITDA.

1) Brownfield expansion of 2.9mn tonnes at Jamshedpur to increase share of profitable Indian operations (FY11E EBITDA/t of USD382 vs. consolidated USD141);