IMF chief economist, Raghuram Rajan, resigns
Washington: Raghuram Rajan, the chief economist of the International Monetary Fund would be stepping down early next year to return to the University of Chicago where he worked as a professor.

Rajan, the economic counselor and director of the research department of IMF, has been at the current post since July 2003 and was offered a second term by the organisation but the university has declined to extend his leave.

Rajan said he would stay on at the IMF through the end of the year to complete or substantially complete work that is in progress, including preparing a report on how to better integrate Financial Sector Analysis into the Fund's Article IV work.

Praising his "important contributions" to the IMF, its managing director Rodrigo de Rato said "Raghu's open management style and collegial spirit worked to create an attractive work environment for his staff.
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Manoranjan Mohapatra appointed president, Flextronics
Gurgaon: Global end-to-end communication solutions provider, Flextronics Software Systems (FSS), has appointed Manoranjan Mohapatra as its president and chief operating officer to replace Arun Kumar who passed away in July this year. Before this Mohapatra was the executive vice president and chief operating officer of FSS. Mohapatra has been with FSS for over 14 years and has been a core member of the FSS leadership team since the company's inception and has played a pivotal role in driving FSS' business growth, a company release said.
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Sify portal gets new president
Chennai: Sify, the Chennai-based Internet and enterprise services company, has promoted V. Sivaramakrishnan as president of portal business. Before this, he was vice-president of Sify's iWay cyber cafe chain business.

Sivaramakrishnan was earlier associated with companies like Procter & Gamble and Ford India, said a company press release.
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