Ranbaxy founder gives full credit to Brar
New Delhi: Ten years after he resigned from the Ranbaxy board following a spat with his son, Parvinder Singh, over the role of D S Brar in the company, Bhai Mohan Singh today gave full credit to Brar for Ranbaxy's recent successes, says a report. "Brar has proved his worth. So many good things that have happened to Ranbaxy were concretised during his time," Bhai Mohan Singh, 85, said. Bhai Mohan Singh is the founder of Ranbaxy and is the chairman emeritus of the company.

When asked about his change of heart, Bhai Mohan Singh said: "My problem wasn't with Brar. It was with my son. He was upgrading Brar over others. I was angry that he was displeasing others who had been with me for long and had worked hard for the company. And when Brar was named CEO of Ranbaxy (in 1999), I left the company. How could I have stopped his appointment?"
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Cognizant chief took Rs 110 crore shares before exiting
Chennai: Cognizant' Technology Solutions' founder chairman and CEO Kumar Mahadeva retired at the relatively young age of 52. But analysis of how the New Jersey-based Mahadeva has been consistently selling his stock in the market will reveal that it is a carefully managed exit, says a report.

In the last six months, Mahadeva sold a whopping $25 million of his stock, filings with US Securities and Exchange Commission show. Although Mahadeva is known to de-risk his stock holding in Cognizant by selling a reasonable number of shares every quarter, the last two quarters saw some unusually high volumes. He sold about $25 million (roughly Rs 110 crore) worth of shares _ about $15 million in the September-ended quarter and another $10 million in the recent quarter till date.
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