P P Vohra to head IDBI
Mumbai - National Housing Bank (NHB) Chairman P.P. Vora has been appointed as the chairman and managing director (CMD) of the Industrial Development Bank of India (IDBI). His appointment was cleared by the government after the central vigilance commission gave him a clean chit.
Mr Vora's appointment had been delayed because the ministry of finance was awaiting the Central Vigilance Commission's (CVC) clearance.
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Bachchan quits Tehelka 
New Delhi - Bollywood superstar Amitabh Bachchan has resigned from the board of directors of Tehelka. Bachchan was a non-executive director of the Internet start-up company, along with columnist Khushwant Singh and writer V.S. Naipaul.
Tarun Tejpal, Tehelka CEO and editor-in-chief, said he had received a letter from the filmstar in which Bachchan explained that since his own company, AB Corp, was planning an initial public offering to raise capital from the market, his fund managers had advised him against continuing his association with another media company to avoid a conflict of interest.
Last week, the Centre had filed an affidavit with the Justice Venkataswami Commission, probing the Tehelka newsbreak, in which it alleged that the website had ulterior motives like manipulating the capital markets and driving stock prices down
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K M Birla to step down from MRPL board
Mumbai - Kumar Mangalam Birla, the Aditya Birla group chairman, has resigned from the board of the joint venture Mangalore Refinery and Petrochemicals. MRPL has nominated B N Puranmalka in Mr Birlas place. Mr Birlas exit is considered a precursor to the Birla groups move to divest the petroleum business. The Birla group has a 37.5 per cent stake in MRPL.
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