PRS Oberoi conferred Lifetime Achievement Award
Kolkata: The Tata-AIG Lifetime Achievement Award has been conferred on PRS Oberoi, chairman of the Oberoi Group, at the recent Galileo Express TravelWorld Awards 2006.

According to an official note from The Oberoi Group, the award has been given in recognition of "Mr Oberoi's long involvement and contribution to the hospitality sector, and his pioneering leadership in making The Oberoi Group a global brand, by taking the concept of luxury and excellence in service to a new paradigm." The Trident Hilton also received the award for the `Best First Class Hotel Brand', for the second year in a row.
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DSP Merrill Lynch, Amit Chandra, MD resigns
Mumbai: Amit Chandra MD and board member of DSP Merill Lynch has resigned from the investment firm which saw some senior level exits last year also. Chandra who was with the firm for the last 13 years also heads its global markets and investment banking division.

Chandra according to sources is likely to launch his private equity fund. DSP Merrill Lynch in a release said that he will remain in the firm throughout the year to ensure a smooth transition.

Hemendra Kothari, chairman, DSP Merrill Lynch has taken over Chandra's operating responsibilities.

Other who have left DSP Merrill Lynch in the past couple of years include Sunil Mehra, director healthcare, who left to join Standard Chartered Bank as MD in the investment banking division, Ravi Kapoor the head of equity origination and capital markets quit to join Citi to head its capital markets team, Rajeev Gupta the joint MD and head of investment banking quit to join US based Carlyle as MD and head of India Buyout Group.

DSP had earlier this year hired Munesh Khanna as MD and head of India Investment banking.
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Soren's resignation accepted by President APJ Kalam
New Delhi: The President, A P J Abdul Kalam has accepted the resignation of Union Coal Minister Shibu Soren from the council of ministers. The Prime Minister had forwarded Soren's resignation from the council of ministers after a Delhi court yesterday found him guilty of conspiring to kidnap and murder his private secretary Shashi Nath Jha twelve years ago.
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