Arun Balakrishnan selected to be HPCL CMD
New Delhi: The Public Enterprises Selection Board has selected Arun Balakrishnan as its first choice for the post of chairman and managing director of state-run Hindustan Petroleum Corp (HPCL). Balakrishnan is currently the senior most director on HPCL board in charge of human resources department.

PESB marked HPCL director (marketing) Subir Roychoudhary as the No. 2 choice for the post, official sources said. The post of chairman and managing director will fall vacant on March 31 when current incumbent M B Lal retires.
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Nandan Nilekani is Forbes Businessman of the year
Beijing: Infosys CEO Nandan Nilekani (51) has been named 'Businessman of the Year' for 2006 by Forbes Asia for his "nimble" stewardship in keeping the company ahead of peers in the global outsourcing phenomenon, Forbes Asia said in a statement. Nilekani has been chief executive of Infosys since 2002 but took sole charge in August when Infosys founder Narayana Murthy retired. Under his tenure, Infosys has achieved sustained profitability - after-tax profit grew by 30 per cent in each of the last three years.

At that pace, Infosys will make more money this year than Central Japan Railway, Fujifilms Holdings and Sharp, all considerably bigger. Forbes said his record to-date made him the Forbes Asia's choice for Businessman of the Year.
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