Kumar Mangalam Birla to chair Century Textiles meetings
Mumbai: From this year July onwards the next generation of Birlas will dominate the proceedings at Century Textiles & Industries annual general meeting (AGM).

Kumar Mangalam Birla, 38, was inducted on the board of Century Textiles as an additional director on February 7, and is expected to chair the AGM of the Rs 2,500 crore company.

Over the past two decades Century Textiles' meetings have been chaired by Sudarshan Kumar (SK) Birla, who recently stepped down from the board along with Chandra Kant (CK) Birla.
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Lehman Bros top management sees exodus
Bangalore: Five executives of the senior management team of New York-based financial services firm Lehman Brothers' Mumbai office have quit at a critical time when the firm has been looking at strengthening Indian operations.

These include senior vice-president and chief administrative officer Sujit Baksi, who is leaving to join Tech Mahindra as president corporate affairs. Others who have left include Ravita Walia, head of back office; Rama Subramaniyam, head of fixed income research; Sanjay Sharma, head of security; and Shefali Suri, head of HR.

Walia is heading for Intelenet Global Services while Subramanyam is joining ING Vysa as its vice-president (research), Sharma is moving over to Deutsche Bank and Suri is slated to join Kellogs India.
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Ashok K Sapra appointed as MD, India operations, at Telecordia
New Delhi: Global provider of telecommunications network software and services, Telcordia has appointed Ashok K Sapra as managing director of its India operations.

Sapra would be responsible for the ongoing operations of Telcordia's Indian entities and also manage the sales and marketing initiatives, development of strategic offers and bringing both solutions and services to Telcordia's customers. Sapra has worked with AT&T, Sprint, GE Capital, RPG Telecom and SaskTel Canada earlier.
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Salem Steel gets new ED
Coimbatore: P.M. Balasubramanian (58) has become the new executive director of public sector company Salem Steel Plant. He was earlier the general manager (operations in-charge) at the company. He will assume charge as the ED effective from April 1, 2006.

A mechanical engineering graduate from Regional Engineering College, Warangal, Balasubramanian joined the SAIL's Bokaro steel plant in 1972 before he moved over to Salem Steel Plant in 1978. He has worked in various sections of the cold-rolling mill operations in various positions, including that of general manager (works). An awardee of the SAIL's prestigious Jawahar award for `distinguished executive', he has been trained in cryogenic technology at Linde, Germany, and in stainless steel processing at the works of Ugine, France, an SSP release said.
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