V.P. Shetty is new IDBI chairman
Mumbai: The Government has cleared the appointment of V.P. Shetty as the new Chairman of IDBI. The new chief is expected to have a term of around three years.

Prior to his latest appointment, Shetty was the CMD of Canara Bank. He will take over at IDBI from J.N. Godbole, whole-time Director. Godbole was assigned the responsibility of heading the bank in the interim when its erstwhile Chairman, M. Damodaran, was appointed head of the SEBI.

Shetty, who has been the CMD of United Commercial Bank, began his career in Canara Bank and later joined Vijaya Bank in 1973. He worked in several capacities in the bank before becoming General Manager. He later moved to UCO Bank as Executive Director and later assumed the responsibility of CMD of UCO Bank in October 2000. He took over as CMD of Canara Bank in November 2004.
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Anil Khandelwal to head Bank of Baroda
Mumbai: The Government has cleared the appointment of Dr Anil K. Khandelwal as the Chairman and Managing Director of Bank of Baroda. The new chief is expected to have a term of around three years. Prior to his latest appointment, Dr Khandelwal was CMD of Dena Bank for a year.

He had earlier served for three decades in Bank of Baroda in various capacities before rising up to the rank of Executive Director. Dr Khandelwal is a graduate in chemical engineering. He is also an MBA and holds a Ph.D in Management.

He is also on the board of New India Assurance Company and the Agriculture Finance Corporation.

He is also Chairman of the Board of Governors, Academy of HRD.
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Behuria takes over as Chairman, IOC
New Delhi: Sarthak Behuria has assumed office as Chairman, Indian Oil Corporation Ltd (IOC). He takes over from M. S. Ramachandran, who superannuated on Monday, an IOC release said here.

Behuria was earlier the Chairman and Managing Director of Bharat Petroleum Corporation Ltd. Behuria will also be the part-time Chairman of the IndianOil Group Companies, namely, Chennai Petroleum Corporation Ltd, IBP, Bongaigaon Refinery and Petrochemicals Ltd, besides Indian Oiltanking Ltd, a joint venture company.

Behuria will continue to be the Chairman of the Petroleum Federation of India.
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Krishan Dhawan is new MD of Oracle India
New Delhi: Oracle India Pvt Ltd, a wholly-owned subsidiary of Oracle Corporation, has announced the appointment of Krishan Dhawan as its new Managing Director, with immediate effect.

"Mr Dhawan brings with him more than 25 years of experience in the financial services and IT enabled services sector, having worked with Bank of America for 23 years across Asia Pacific and American markets," Keith Budge, senior Vice-President, Oracle Asia Pacific said in a statement here.

Dhawan succeeds Shekhar Dasgupta who would leave Oracle India after the end of May 2005 to pursue a career in academia after having worked with the company for more than twelve years.

During this period, Dasgupta would remain with Oracle India as an advisor to the company.
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Amar Sinha takes over as marketing head at GTC
Bangalore: Amar Sinha has joined Golden Tobacco Company (GTC), owners of Panama brand, as Director in-charge of sales and marketing.

Sinha quit as CEO of BDA Ltd, makers of Officers' Choice whisky, last week. GTC is part of the Dalmia Group, which also owns companies such as Gujarat Heavy Chemicals Ltd (GHCL).

Sinha is entering GTC at a time when the Rs450-crore tobacco company is slated to unveil fresh expansion plans to garner a respectable pie in the premium end of the domestic filter cigarette market dominated by ITC.
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