Kelkar joins HDFC board
Mumbai: Vijay Kelkar, former Union finance secretary and chairman of Citi Bank's India Advisory Council, has been appointed as special director on the board of HDFC as Citigroup nominee

Citigroup Strategic Holdings Mauritius Ltd and Citigroup Holdings Mauritius hold 9.27 per cent and 3 per cent stake respectively in HDFC.

Kelkar also serves on the board of Tata Chemicals, Jet Airways and Lupin, amongst others.
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Subodh Karnik to head US airline
Washington: Subodh Karnik a Mumbai lad, has been appointed CEO of an American airline and is the third Indian to hold a top job in the aviation industry in the US.

A graduate of the Birla Institute of Technology and Science (BITS), Pilani and the University of Michigan's Ross School of Business, Karnik will become president and chief executive of ATA Airlines effective January 1, 2007. Earlier Rono Dutta and Rakesh Gangwal, both alumni of the Indian Institute of Technology (IIT), headed United Airlines and US Airways respectively. ATA is smaller company than the other two.

"Subodh joined ATA in May 2005 and played a significant role in the airlines' revival. He is credited with rescuing ATA after being brought in as CFO from Delta Airlines (where he was senior vice-president). He was later made COO.

The Indianapolis-based ATA entered Chapter 11 bankruptcy in October 2004 and emerged last February as a smaller company operating 29 airliners, compared to 64 before the bankruptcy. The airline employs 2700 people worldwide, including 700 in Indianapolis.
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