Harshad,
3 others convicted
Mumbai: A special court has convicted Harshad
Mehta, Pramod Kumar Manocha, deputy manager, Maruti Udyog,
Vinayak Narayan Deosthali, assistant manager, Uco Bank,
Hamam Street Branch, Mumbai, Ram Narayan Popli, officer,
ANZ Grindlays Bank, New Delhi. The court accused the four
of misappropriating Rs.38.97 crore belonging to Maruti
Udyog Ltd. The accused will appeal before the Supreme Court.
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More departures from Wipro
Bangalore : After
the exit of Ashok Soota, Wipro is facing the resignation
of two more top personnel. V Chandrasekaran, chief
operating officer and president, enterprise solutions
division, Wipro Software and Services, and S Janakiraman,
chief executive, Wipro Technology Solutions, have quit
the company. Their new places of work are yet to be known.
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Wolfensohn's
term may be extended
Washington : James
Wolfensohn will most probably serve as the president of
World Bank for a second time in succession. This follows
the US nominating him for another five-year term. A formal
announcement will be made soon. Mr.Wolfensohn became president
of the bank in June 1995.
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Peerless
Abasan gets new CEO
Calcutta : Shareholders
of Peerless Abasan Finance Ltd. have appointed M M Das
as the chief executive officer. A K Ghosh, who was formerly
holding the post of executive director in the company,
had recently resigned.
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