Modi Rubber chairman quits
New Delhi: Modi Rubber chairman T Panduranga Rao has resigned. He was the nominee of the Unit Trust of India on the the Modi Rubber board.

There are three other institutional nominees on the Modi Rubber board apart from Rao.

A few months ago, the Modi Rubber board had stripped B K Modi of his executive powers as managing director and vested them on his brother, V K Modi, vice-chairman & managing director of the company.

The executive powers of B K Modi were later restored by the board of directors.
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3 members resign from Bellary Steels board
Bangalore: Three members of the reconstituted board of Bellary Steels and Alloys Ltd, including executive chairman S.K.Gupta have resigned. They were reportedly dissatisfied with the management's approach to the implementation of the restructuring plan put in place by the financial institutions.

The other two members to resign are T.M. Subramanian and joint managing director J.P.N. Lal.

The Bellary Steels board was reconstituted under the FIs-devised plan to restructure the ailing company.
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Amol Sandil quits Ashok Leyland
Chennai: Leyland's executive director (marketing) Amol Sandil, has resigned. He had joined Ashok Leyland in July 1995, filling the vacancy created by the superannuation of V.R. Pappu. Earlier, Sandil had been with Toyota, Japan.

Sandil was a key member of the team which drove the company through the turbulent times.

Sandil is a graduate in Hindustani classical music and plays sitar and mandolin. He said he would like to pursue these hobbies for some time.
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