Raghuram Rajan to be academic fellow '07 at ISB
Hyderabad: Raghuram Rajan would be the academic fellow 2007 at the Centre for Analytical Finance (CAF) of the Indian School of Business (ISB). Rajan is currently an Eric Gleacher distinguished service professor of finance at the Graduate School of Business, University of Chicago. Until recently, he was the economic counsellor and director of research at the International Monetary Fund.

Every year, ISB invites a finance researcher of high scholarly standing as the academic fellow for the year at CAF.

CAF is dedicated to research in all areas of finance, including financial markets, instruments, institutions and regulations. The centre is supported by Goldman Sachs Foundation.
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Trehan sells Fortis stake; to join Apollo Hospital
New Delhi: Well-known cardiologist Naresh Trehan has sold his 10 pc stake in Escorts Hospitals to the Fortis management and will join Apollo Hospitals Delhi on June 4 along with his team.

Escorts Hospitals, where Trehan worked, has triple the facilities for cardiac treatment than Apollo's.

According to sources, Escorts has nine cardiac operation theatres as against Apollo's three in Delhi. Even if one-third of senior doctors leave Escorts for Apollo, the resultant increase in patient flow for Apollo could be tremendous.

Meanwhile, unconfirmed reports said that Trehan's exit from Fortis was the logical conclusion of the agreement the signed with Fortis management last week.

Apollo sources said that they are willing to accomodate the entire team of Trehan whatever be their size. The exact number of doctors that will move out of Escorts will be known in next three days, they said.
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Burns coming to visit India for 1-2-3 pact
New Delhi: US under secretary of state Nicholas Burns will be in India from May 31 and June 2 to bring the 1-2-3 agreement, which will operationalise the Indo-US civil nuclear cooperation agreement, to a swift conclusion.

Burns and Indian foreign secretary Shiv Shankar Menon are expected to resolve the remaining part of the agreement.

The two sides hope to wind up negotiations in time for the June 8 meeting between US President George Bush and Prime Minister Manmohan Singh, on the sidelines of the G-8 summit in Germany.

Burns and Menon aim to resolve differences on aspects like reprocessing right and continuity of civil nuclear cooperation if India were to conduct an atomic test in the future.
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