P J Nath appointed as ED, Sify
New Delhi: Sify has appointed P J Nath as executive director for its enterprise solution business.

Nath has been in the IT and telecommunication industry for 22 years and has held senior positions in Wipro Infotech before he joined Sify, the company said.
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Exodus at Jet Airways
New Delhi: Two senior officials including the vice-president, corporate affairs, Nandini Verma have resigned at Jet Airways. Sources said another vice-president looking after international operations and three general manager level officials had resigned almost eight months ago.

The resigning personnel mainly attribute their decision to poor management practices and centralised decision making process in the company.

The airline has also seen a steady decline in its market share that fell from 34.9 per cent at the end of the first quarter of 2006 to 30.4 per cent during the third quarter of the same year.

The airline posted a net profit of Rs 40.04 crore for the quarter ended December 31, 2006, compared with Rs 61.01 crore for the quarter ended December 31, 2005.

Despite this the airline has ordered 10 Airbus and 10 Boeing aircraft and has drawn up ambitious plans to expand its footprint in the international market.

The airline has been permitted by the government to operate regular flights between India and the US and is expected to start operations to Newark (US) later this year.
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New Director for ECIL
Hyderabad: S. Hanumantha Rao has been appointed as the new director (personnel) of the Electronics Corporation of India (ECIL), the Hyderabad-based public sector undertaking, under the Department of Atomic Energy. Rao was earlier general manager (human relations), succeeds R R Pandalai, according to a press release from ECIL.
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UTI Bank chairman Nayak prefers to quit
Mumbai: UTI Bank chairman and managing director, P J Nayak, has said he would resign rather than fall in line with the RBI directive to bifurcate his position, the bank said.

Citing a committee report on corporate governance, the Reserve Bank of India (RBI) had suggested that chairman and managing director must not be the same person.

In February, the bank's board had extended Nayak's term till July 2009, but the central bank declined to approve saying he could continue as either chairman or managing director, not both.

UTI's board will meet on April 17 to consider the issue, along with the bank's quarterly earnings.
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RC Mall re-appointed at AP Paper
Hyderabad: R.C. Mall has been re-appointed as executive director of Andhra Pradesh Paper Mills for three years from May 10.
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