Telco executive director, V.M. Raval, quits
Mumbai: In a surprise move, Mr. V.M. Raval, executive director of Telco's automobile division and the prime mover behind the Indica project, has sought premature retirement on health grounds.

Mr. Raval, who was to retire in February 2001, will however continue to be associated with the company in the capacity of an advisor.
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Derek Langley joins Aptech group
Mumbai: In what is considered to be a coup, Hexaware Software, a company owned by Atul Nishar of the Apple/Aptech group, has managed to lure away Mr. Derek Langley who was heading the European operations of Wipro Limited.

Mr. Langley who will now join Hexaware is to take over as president and chief operating officer of Hexaware Europe and will be responsible for Hexaware's operations in Europe, Middle East and Africa. Mr. Langley has rich experience in setting up international operations for several technology companies in several countries including Japan and US.
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Rathi and Mehta re-elected to BSE board
Mumbai: Anand Rathi and Deena Mehta, currently president and vice president respectively of the Bombay Stock Exchange, have been elected unopposed for a further term of three years upto March 2003.

This will be the second consecutive term for both of them.
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Verisign takes over Network Solutions
Palo Alto: Global internet security company, Verisign, whose authentication is most sought after by e-commerce sites, today announced the take over of Network Solutions in a $21b all stock deal.

Network Solutions, until recently, held a monopoly on the allotment of addresses to the various internet sites that populate the net today.

It is believed that the takeover - the most expensive in the internet arena -- will enable small time entrepreneurs entering the e-commerce arena get comprehensive service from one company - right from getting a name for their site to security solutions that will cover their transactions.
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