Bhaskarudu quits Maruti
New Delhi: R.S.S.L.N. Bhaskarudu, managing director of Maruti Udyog, has stepped down. This paves way for joint managing director Jagdish Khattar to take over.

Mr Bhaskarudu is expected to assume office as member of the Public Enterprises Selection Board. His term at Maruti was to end in December 1999. It is not known why he has resigned ahead of scheduled.

His appointment in August 1997 had caused a bitter controversy between the partners of Maruti Udyog -- government of India and Suzuki Motor Corporation -- with the latter going to the court. He has now quit both as  managing director and wholetime director of the company.
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Hans Tietmeyer honoured
Berlin: Hans Tietmeyer, the Bundesbank chief, who steered Germany into giving up the Deutsche mark for the euro, received the country's highest civil honor, two weeks before he is due to retire.

President Johannes Rau awarded him the Grand Cross of Merit. The president praised Tietmeyer's six-year term as guardian of currency stability.
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