S.B. Mathur appointed UTI-I Administrator
Mumbai: The Government has appointed Sunil Behari Mathur as the Administrator of UTI-I, the specified undertaking of the Unit Trust of India. He replaces M. Damodaran who resigned from the position on Sunday.

Mathur retired from Life Insurance Corporation of India in October 2004 as its Chairman. He is a qualified chartered accountant and cost accountant.

He joined Life Insurance Corporation of India in 1967 as a direct recruit officer and rose to the rank of Chairman. He had held various positions such as Senior Divisional Manager of Gwalior division, Chief of Corporate Planning, General Manager of LIC (International) E.C., Zonal Manager in charge of Western Zone and Executive Director.
Back to News Review index page  

Rathi Vinay Jha to head FDCI
New Delhi: The Fashion Design Council of India (FDCI) has announced the appointment of Ms Rathi Vinay Jha as its Director-General, the first woman to hold such a post since the council's formation in 1998.

She played a key role in the setting up of the NIFT and is considered an industry veteran with experience spanning thirty seven years, an FDCI statement said here.

Meanwhile Ms Ritu Kumar has been elected as the FDCI board President.
Back to News Review index page  

BOC's Sanjiv Lamba is MD for South and S-E Asia
Kolkata: BOC Group plc has announced the appointment of Sanjiv Lamba as the Managing Director, Process Gas Solutions, South & Southeast Asia. Lamba, currently the Managing Director of BOC India Ltd, will take over the new responsibility from April 2005.

In his new role, Lamba, who will operate out of Singapore, will look after the BOC group's process gas solutions business in several countries in the region, including India, Pakistan, Malaysia, Singapore, Thailand, the Philippines and Indonesia. He will cease to have executive responsibilities in BOC India but will continue on its board as a non-executive director representing BOC group plc, according to a press release issued by BOC India.

Meanwhile, Neil Lindsay has been appointed General Manager in charge of industrial and special products of BOC India. Both the appointees will be inducted into the board of BOC India as wholetime directors.
Back to News Review index page  

Lifetime achieved award for G.K. Sundaram
Coimbatore: The Coimbatore Management Association (CMA) is celebrating its Golden Jubilee year and the inaugural function of the celebrations will be held on December 23. It has been decided to present the Lifetime achievement award to the Chairman of Lakshmi Mills and founder President of CMA, G.K. Sundaram on the occasion.

N. Ram, Editor-in-Chief, The Hindu group, will present the award and deliver the inaugural address.
Back to News Review index page  

RIL treasurer Amitabh Jhunjhunwala exits
New Delhi: Amitabh Jhunjhunwala resigned from the post of treasurer of RIL, headed by Mukesh Ambani. Company sources have indicated that he will also not continue to hold other positions in the group, including that of Director of Reliance Energy Limited (REL), headed by younger brother Anil.

Jhunjhunwala has cited several reasons for his resignation in his communication to the RIL Chairman Mukesh Ambani, but details are not available.

He was one of the six REL directors who had resigned last month in a move seen supportive of the younger Ambani. However, the REL board had asked the directors to continue.

Jhunjhunwala, a chartered accountant, had joined the Reliance group eleven years ago and took over as Treasurer of RIL in early 2002. Jhunjhunwala has been associated with most of the fund raising activities of the Reliance group, both in India and abroad, and was also responsible for investor-relations.
Back to News Review index page