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Narayana Murthy resigns as BIAL chairman
Bangalore: Infosys chief mentor, N.R. Narayana Murthy, has resigned as the chairman of Bangalore International Airport.

In a letter to the Karnataka Chief Minister, Dharam Singh, Narayanamurthy that he was hurt by the coalition partner and former Prime Minister H.D. Deve Gowda's recent remarks about his lack of contribution to BIAL in the last five years. He said these comments had been made despite the time and efforts he had put in to see the project through.

He also said he was even more let down that neither the chief minister nor his colleagues had set the record straight in the face of the allegations.

Dharam Singh said he would try to sort out the issue and ask Murthy to continue in the post.

At the heart of the controversy is Infosys' application for 845 acres of land on the outskirts of Bangalore for its expansion plan. In a letter to Dharam Singh recently, Gowda questioned Murthy's role in the progress of the airport project at Devanahalli. He also accused IT companies of land grabbing and sought a review of land allotment to infotech companies.
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ONGC, IOC likely to have two chief executives
New Delhi: The Oil and Natural Gas Corporation (ONGC) and the Indian Oil Corporation (IOC) may get two chief executives each to manage their mammoth operations.

ONGC currently has a chairman and managing director while IOC has a chairman. The Ministry of Petroleum and Natural Gas is contemplating appointing a vice-chairman each in the two firms so as to ease work pressure on the current chief executives, government sources said.

The Advisory Committee on Synergy in Energy had recently suggested structural changes in the upstream companies and had recommended that the managing director of ONGC Videsh, the overseas arm of ONGC, also hold charge as vice-chairman of ONGC board, and ONGC have another chief executive for domestic operations to be designated as vice-chairman and managing director. A similar arrangement had been recommended for IOC.

Currently, OVL managing director R S Butola looks after the company's overseas operations and reports to OVL Chairman and ONGC chairman and managing director Subir Raha.

In IOC, S Behuria is the chairman and there is no managing director or CEO in the company.
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