C.J. George quits Federal Bank board
Kochi: C.J. George, Managing Director of Geojit Financial Services Ltd, has announced his resignation from the board of Federal Bank.

In a statement issued here, George said: "The litigation that started after the last AGM of the bank has resulted in an unfortunate situation of three directors being unable to function as directors of the bank. An important institution like Federal Bank should be steered and guided by a full board in the interest of shareholders, employees and customers."

The resignation is meant to facilitate the better functioning of the bank and it could enable the present board to fill the vacancy thus created, by nominating another person of their choice in the interest of the institution, George said.

The board with three directors could not carry out their functions because the Company Law Board had stayed several items that were put to vote and passed at the last AGM of the bank, including the election to the three vacancies .
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PIO organisation to honour TCS chief
Thiruvananthapuram: The Global Organisation of People of Indian Origin (Gopio) will confer its `Special Recognition' Award on the Tata Consultancy Services chief, S. Ramadorai, during the Gopio Conference 2005 in January.

The Gopio conference will coincide with the Third Pravasi Bharatiya Divas to be held in Mumbai from January 7-9, said Dr Thomas Abraham, International Chairman. Ramadorai is among the distinguished Indians to be feted by the Gopio for having provided commendable services for expansion and consolidation of the non-resident/ persons of Indian origin (PIO) community.
By placing Indian computer professionals to all parts of the world, TCS had contributed a great deal in furtherance of this cause.

Ramadorai started his career in 1972 as a junior engineer in the organisation that he has been heading since 1996. Under his stewardship, TCS has grown to be the country's first billion-dollar software company.

Leadership qualities had earlier won Ramadorai the Asia Business Leader Award in 2002. During a span of 30 years, Ramadorai has managed and continues to inspire and motivate tens of thousands of employees spread out in at least 32 countries. "Gopio recognises Mr Ramadorai and TCS for their contribution in expanding and consolidating the Indian diaspora," Dr Abraham said.

The Prime Minister, Dr Manmohan Singh, will inaugurate the Third Pravasi Bharatiya Divas, which will see high-level participation from the Central and State Governments and from the political and business class.
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Indoco chief is new IDMA president
Mumbai: The Indian Drugs Manufacturers' Association (IDMA) has a new President - Suresh G. Kare, Chairman and Managing Director of Indoco Remedies Ltd.

Besides the President, the IDMA's governing body also elected vice-presidents for four regions as members of the committee, a communiqué from the association said.

The vice-presidents are Mr Premchand C. Godha, Managing Director of IPCA Laboratories Ltd, for the Western region; Mr Deepnath Roy Chowdhury, Managing Director of Strassenburg Pharmaceuticals Ltd, in the East; Mr N.R. Munjal, Managing Director of Ind-Swift Laboratories Ltd, for the northern region and Mr S.V. Veerramani, Chairman and Managing Director of Fourrts (India) Laboratories Pvt Ltd, for the southern region.
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