Award for ONGC HR director
New Delhi: Ashok Kumar Balyan, director (human resource), of the Oil and Natural Gas Corporation (ONGC), has been conferred the best HR-Head award by Amity International Business School. The award was conferred on him in recognition of his inspiration, leadership and motivation, and for upholding the organisation's objective to achieve new benchmarks.
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Shobhana Bhartia chosen ABC chief
Mumbai: Shobhana Bhartia, vice-chairperson and editorial director of HT Media, has been elected as the new chairperson of the Audit Bureau of Circulations (ABC) for 2006-07. She has been a member of the council of management of ABC since 1999 and deputy chairperson for the year 2005-06.

Anil Kapoor, MD and CEO, FCB Ulka Advertising, has been elected as the deputy chairman of ABC.

Prem Mehta, Lintas India, is the Honorary Secretary and Sam Balsara, Madison Communication, is the Honorary Treasurer for 2006-07.
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Premji's wealth manager resigns to set up own outfit
Bangalore: Mrinimoy Das heading Azim Premji Investments (API) the company set up by Wipro chairman, Azim Premji to manage his private money, has quit to start his own outfit. Das is said to be venturing out on his own.

API has already found a new CEO, whose name has not yet been announced.

Premji had last year hired a private money manager to look after his personal portfolio (excluding his 82 per cent stake holding in Wipro.

Das came from DSP Merrill Lynch and spent less than a year managing the wealth of Premji.

The corpus managed by Das (believed to be around Rs 1,500-2,000 crore) is close to the AUM of funds like Escorts Mutual Fund.

Das identified some real growth gems for Premji, including the likes of Himatsingka Seide in whuch Premji has a stake of 3.37 pc.
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Sanjay Nayar, Citi CEO joins US global management panel
Mumbai: Sanjay Nayar, CEO, Citigroup India and the area head for its operations in Sri Lanka, Bangladesh and Nepal has been appointed as part of the US group's global management committee.

There are currently around 112 members in the management committee and 30 additions have been made to the committee this week.

Nayar is the only country head who is newly appointed. The other country heads in the committee include those from China and Brazil.

There are a host of Indians in the committee. They include Ajay Banga chairman & CEO global consumer group — international, Ashok Vaswani, CEO, Asia Pacific, global consumer group, Shirish Apte, CEO, Central and Eastern Europe, Middle East & Africa, corporate and investment banking; and Vikram A Atal, chairman & CEO Citi Cards global consumer group.
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