Mayya on UTI board
New Delhi: The Unit Trust of India has decided to appoint former BSE president MR Mayya and ex-chairman of the Institute of Chartered Accountants of India (ICAI) chairman PN Shah as directors.

While Shah joined the board in the last week of November, Mayya is awaiting a formal appointment letter.

Shah would replace noted chartered accountant Rajendra P Chitale who recently put in his papers having taken up an audit assignment with IDBI.
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New CEO for AOL Time Warner
Washington: AOL Time Warner chief executive Jerry Levin is stepping down as head of the world's largest media company and will be replaced by co-chief operating officer Richard Parsons.

Steve Case will remain as chairman, while the company's other co-COO, Robert Pittman, will become the sole COO, according to Wednesday's announcement.

AOL Time Warner said Levin will retire at the company's board meeting in May 2002 following a six-month transition.
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Indo-American Society award for Rajat Gupta
Mumbai: McKinsey & Company Inc managing director Rajat Gupta on Wednesday received Indo-American Societys annual award for 2001 in recognition of his efforts as an Indian towards promoting better Indo-US relations. He is the first non-American born managing director of the global consultancy major McKinsey & Co.

Presenting the award to Gupta, Reserve Bank of India governor Bimal Jalan said that both India and US should work towards bridging the gap between the private interest and public good.
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M Balachandran heads Apple India
New Delhi: Apple Computers on Wednesday announced the appointment of Mahendran Balachandran as the country manager for India and SAARC countries.

He will be responsible for Apple's business, sales and customer support across India, Pakistan, Bangladesh, Sri Lanka, Nepal and Bhutan, a release said here.
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