Subodh Bhargava quits SBI board
Mumbai: Former CII president and current Wartsila India chairman Subodh Bhargava has quit as director of State Bank of India.
Bhargava sits on the boards of VSNL, Samtel, Carborundum and is an adviser to Eicher.
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Deutsche Bank appoints Neilson as chief country officer
Mumbai: Deutsche Bank has appointed Douglas Neilson as its chief country officer for India. Mr Neilson had taken charge of the German banks Indian operations as acting chief country officer in January, after the departure of Javad Shirazi.

Neilson will report to Martin Loat, CEO, Asia Pacific of Deutsche Banks corporate and investment bank. He will be responsible for the management of the banks network of five branches in the country.

Neilson will continue as director and head of corporate credit, India, Pakistan, Sri Lanka, and Thailand, a post he has held for four years.
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Abbott MD resigns
Mumbai: Tapan Ray, the managing director of Abbott Laboratories, has resigned. The board of directors has accepted his resignation at a meeting convened yesterday.
Abbott Labs is a subsidiary of the $13-illion Abbott Inc of the US.

Ray came to Abbott as managing director in January 1998 from multinational Glaxo India (now GlaxoSmithKline) where he was executive director in charge of marketing. He was with the Glaxo group for 25 years, having also put in a stint in the headquarters at UK.
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Sterlite Optical directors quit
Mumbai: Sterlite Optical Technologies Ltd informed the Bombay Stock Exchange that Dr Mansoor A. Safi and Mr A.T. Panjwani have resigned from the board of directors of the company.
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