Venkitaramanan resigns from SPIC board
Chennai: S Venkitaramanan, a former governor of the Reserve Bank of India, has resigned from the board of directors of Southern Petrochemical Industries Corporation (SPIC) the company informed the stock exchanges on Wednesday.

He has been associated with SPIC for nearly four decades, right from the company's inception in late 1960s and as Secretary, Industries Department, Government of Tamil Nadu, he was instrumental in setting up SPIC as a joint venture between the M A Chidambaram group and the Government of Tamil Nadu.

Later, during the mid-1970s, as the vice-chairman and president of SPIC, he turned around the company. It is said that he did this by importing fertilisers and selling them in SPIC's brand name. No reasons were given for his resignation.
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Saluja appointed CEO at Ask Raymond
Mumbai: Rajesh Saluja has been appointed as chief executive officer at Ask Raymond James to lead its financial planning business that will be launched early 2007 for catering to the HNI retail investors in India.

Saluja was earlier with Standard Chartered Bank, where he was the Business Head - Priority Banking & Deposits for the wealth management business in India.
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Narang appointed CEO of Tulip
Mumbai: Network services provider Tulip IT Services has appointed three top executives who were earlier in Cisco India.
Sudhir Narang has joined Tulip as CEO. He was in Cisco India as senior vice-president for India and SAARC countries.

Two other officials from Cisco India — Karan Bajwa and Dinesh Verma, who were heading the government and service provider businesses, respectively — have also joined Tulip.

Bajwa will be president, sales and marketing in Tulip, while Verma will be president, business development. Tulip gets around 74 per cent of its revenues, from network equipment like routers, switches etc, while Cisco is the biggest company making these equipment.

Tulip has been seeing an explosive growth for its VPN services of late, where it provides last mile connectivity. Tulip's network connects around 600 cities across the country and it offers corporates a connectivity to their branch and dealer network.
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