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Saldanha sets up communications institute
Mumbai: Adman Walter Saldanha, who made his exit from his venture Chaitra, is setting up The Chaitra Institute of Communication and Research.

The institute, located at Neral, near Matheran in Maharashtra, will be devoted to communications "on a holistic plane", says Mr Saldanha.

The institute's board of governors includes S. Rajagopal, former cabinet secretary, Minoo Mody, former chief executive of Tata Sons, Narayan Dhuldhoya, managing director of Nocil, and Ivan Arthur, national creative director of Hindustan Thompson Associates.

The institute will offer a two-year course and some part-time courses, and hopes to have an affiliation with the Bombay University.
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ICICI Director
Mumbai: C.M. Vasudev has ceased to be a director of ICICI. Devi Dayal has taken his place. ICICI has informed the Bombay Stock Exchange about the change.
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Broker Wang pleads guilty
New York: Victor Wang, former chairman of brokerage firm Duke & Co, admitted before the Manhattan Supreme Court that he violated securities and anti-trust laws and engaged in schemes to defraud customers.

Wang, 34, is the 11th defendant to plead guilty to felony charges in the Manhattan District Attorney's investigation into wrongdoings at Duke. He told the court that he cheated investors of tens of millions of dollars.

Wang could receive a maximum 25-year sentence in a federal prison and millions of dollars in fines.
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domain - B : Indian business: News review : 21 August 1999 : people