Britannia asks Alagh to go; successor not named
Mumbai: The board of directors of Britannia Industries Ltd has decided to terminate the employment of its managing director, Sunil K. Alagh, with immediate effect, the company notified the Bombay Stock Exchange. Earlier, Alagh had informed the company's board of his intention not to renew his contract, which expires in February 2004. The company is yet to announce Alagh's successor. Despite repeated attempts, the top management of Britannia could not be contacted. There was talk that the managing director of Bombay Dyeing, Ninu Khanna, was likely to take over following Alagh's departure. Market sources also indicated that Jeh Wadia, the younger son of chairman Nusli Wadia, was likely to take over as vice-chairman of Britannia.
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It's Intel COO's turn now
New York: President and COO, Intel Corporation, Paul S Otellini will visit India on June 9 to explore opportunities to expand the world's largest chip maker's activities in India. Otellini follows a long list of high-profile CEOs and officials of global software majors — including Microsoft chief Bill Gates, Intel chairman Craig Barrett, Intel CTO Pat Gelsinger and Sun chief Scott McNealy — who were in India over the last 12 months. During his two-day visit, Otellini will visit the company's technology hub at the new Intel India Development Centre campus in Bangalore. Otellini will hold discussions with the government and with industry and business leaders to explore strategies to help the country leverage the economic and productivity advantages of widespread IT deployment. He will also deliver a keynote address in Mumbai, where he is likely to highlight India's need to extend its IT leadership position beyond software and strengthen its competence in value-added enterprise services and hardware design.
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