Mittal appointed CMD of HZL
New Delhi--B N Mittal is now the chairman and managing director of State-owned Hindustan Zinc.
Mittal joined HZL in 1992 as general manager, and was the director (smelting operations) before being appointed as CMD.
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Anupam Puri on board HCL Tech
New Delhi-- HCL Technologies announced the appointment of Anupam Puri, management consultant with McKinsey as member on its board of directors.
Said Shiv Nadar, chairman and CEO, HCL Tech in a statment, "His experience in business and governance would be of immense value in providing strategic direction to HCL Technologies in the future.
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FIR filed against Pendse and five more by Tata Finance
Mumbai--Tata Finance Ltd has filed a first information report (FIR) against former managing director Dilip Pendse and five other senior executives under Section 120 D as well as under sections 417, 418 and 464 of the Indian Penal Code (IPC) with the economic offences wing of the Mumbai Police.

According to company sources the Tatas have filed a complaint of cheating, falsification of accounts, forgery and criminal breach of trust. The complaints also relate to causing harmful losses to Tata Finance.

The Tatas allege that the day-to-day operations of TFL being under the control of Pendse between June 1, 1996 and May 31, 2001 and during this time the executives transferred company funds to Niskalp, an investment subsidiary of TFL, without any authorisation causing a loss of over Rs 150 crore to the company.

Niskalp and associate companies deployed a substantial part of these funds in speculative trading of certain scrips leading to sizable losses in Niskalp and other associate companies.

Niskalp ceased to be a subsidiary of TFL effective June 28, 2001 as the latter sold 50 per cent of its stake in the former to another Tata group company, Tata Sons, for a price of Rs 41 crore.
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