Exide Ind board recast
Kolkata: Exide Industries' board of directors has been recast. S B Ganguly (64), who was leading Exide as chairman and CEO ever since the Rahejas took over the company in 1993, is now chairman Emeritus of the company. He joined the company as Director (Operations) in 1984.

Rajesh Kapadia, an independent director, will be the first non-executive chairman of Exide.

The managing director and chief operating officer, TV Ramanathan (61), will henceforth lead the day-to-day business as managing director and CEO.

Ramanathan joined the company in 1995 as executive vice-president and became director (Finance) in 1998. A K Mukherjee, executive vice-president and CFO, becomes director (finance).
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Lalit Jalan is new BSES Rajdhani chairman
New Delhi: Lalit Jalan has been appointed the new chairman of BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power.

He has also been nominated as a director on the board of BRPL. Jalan was appointed chief executive officer of BRPL and nominated on the board of BYPL in 2005.
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Alok Sharma of Air Sahara resigns
New Delhi: Air Sahara, the Lucknow-based airline's president Alok Sharma has resigned from his post but said he would continue to facilitate Air Sahara's smooth transition to low cost airline 'Jetlite'.

Sharma said he would reveal the details of his new role in Sahara India Parivar "shortly".

His statement came even as Jet Airways has paid Rs400 crore to the promoters of Air Sahara to close the deal for the Naresh Goyal-promoted private airline's takeover of the Lucknow-based carrier.
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Mittal richest man in Britain
London: NRI steel tycoon Lakshmi Mittal has retained his position as the richest person in Britain in 2007 with a wealth worth £19 billion pounds.

According to The Sunday Times' annual Rich List only one Briton has found place among the top five richest individuals. The List will be published next Sunday.

Apart from Mittal, other foreigners in the top of the list include Russian magnate and Chelsea football owner Roman Abramovich, (around £10.8 billion) and The Duke of Westminster.

Mega-rich foreigners from India, Russia, France and other countries are attracted here by a generous tax regime, which allows foreign residents to be taxed only on what they actually brought into Britain -- regardless of how much money they earned overseas.

Paul Beresford compiler of the Rich List said Queen Elizabeth has an estimated wealth of £300 million. But if the royal art collection and other assets are classed as belonging to her, she would be in the "top two or three" of the list.

The richest footballer in the world, David Beckham, has increased his wealth by £25 million to £112 million this year and is ranked at 619.

Virgin boss Richard Branson has dropped out of the Top Ten and is down from number nine to number 11 with his £3.1 billion assets.

EasyJet's Stelios Haji-Ioannou is closing the gap on Branson, having broken the billionaire barrier. Stelios is now worth £1.29 billion and has moved up from number 80 on the list to number 49.

To get onto the 1,000-strong list, one must live in Britain and have personal wealth of about £70 million pounds, compared with £60 million a year ago.
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