Tobaccowala retires as Voltas chairman
Mumbai: A.H. Tobaccowala has retired as chairman of Tata group company Voltas after a 43-year career with the Tata group. He was appointed managing director of Voltas in 1972.

Mr Tobaccowala will complete 75 years in March 2000 and his retirement is in line with the Tata group’s policy that requires senior directors step down from office on attaining the age of 75. He is also likely to quit from the Tata Sons board while continuing on the board of Voltas as a director.
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Raut to head Central Depository
Mumbai: V.V. Raut, head of market operations at the Bombay Stock Exchange, has been appointed chief executive officer of Central Depository Services Ltd. He will head the depository till a new managing director is found. The BSE is the main promoter of the depository.

Mr Raut has wide experience in handling settlements at the exchange.
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Climate award for Bakshi
New Delhi: Rakesh Bakshi, chairman of RRB Consultants and Engineers, has been awarded the Climate Technology Leadership award instituted by Climate Technology Initiative. The award recognises the promotion of climate-friendly technologies and practices in developing countries as well as countries changing over to free market economies.

Robert Priddle, executive director of International Energy Agency, presented the award to Mr Bakshi at the fifth conference of the Parties to the United Nations Framework Convention on Climate Change recently.
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