Pioneering NASA engineer Maxime Faget passes away
Houston, USA: Maxime A. Faget, a NASA engineer who designed the original spacecraft for Project Mercury and whose pioneering work helped create every human spacecraft the agency has launched since, passed away at age 83.

Faget joined the Space Task Group in 1958, which eventually evolved into the NASA Johnson Space Center. According to NASA Administrator Sean O'Keefe it was Max Faget's innovative designs that helped America's space program get off the ground.

Faget's career with NASA began in 1946. He conceived of and proposed the development of the one-man spacecraft used in Project Mercury, NASA said.

Faget was part of the original feasibility study for the space shuttle and helped develop the reusable spacecraft. After retiring from NASA, Faget was among the founders of one of the early private space companies, Space Industries Inc., established in 1982.

"Max Faget was truly a legend of the manned space flight program," said Christopher C. Kraft, former Johnson Space Center director. "There is no one in space flight history in this or any other country who has had a larger impact on man's quest in space exploration. ... History will remember him as one of the really great scientists of the 20th century."
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Vidya Chhabria makes it to Fortune list third time in a row
Bangalore: Vidya Chhabria, chairperson of the $2-billion Jumbo Group, figures in the Fortune magazine's annual list of the 50 most powerful women in business internationally for the third time in a row. Ranked at the 38th position, she is the only Indian to find a place in the coveted list published in the October edition of the magazine.

The only other woman from the Indian sub-continent to feature in the list is Musharaf Hai, Chairman of Unilever Pakistan who, upon entering the list for the first time, has been ranked at 46th position.
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Satyanarayana will be COO at Matrix Labs
Hyderabad: Matrix Laboratories Ltd., the Hyderabad-based pharmaceutical major, has informed the stock exchanges that its board of directors has designated Dr C. Satyanarayana, Executive Vice-President (Business Development and Technical Services), as the new Chief Operating Officer (COO) from October 6.
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