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Manu, Kishore Chhabrias end
feud
Calcutta: The two feuding brothers of the Chhabria clan, Manohar and
Kishore, have at last buried their hatchet, The Economic Times said, quoting
family sources. Family considerations, especially the interests of elders, who have been
suffering because of the squabble between the brothers, apparently prevailed on the two
brothers to forget the past and come together. "It was extremely sad for the older
family members and the children to watch the bitterness between MRC and Kishore. And when
Kishore showed repentance, MRC reconciled to a rapprochement, keeping in mind the strains
that the family had gone through. Also in Indian families, there are occasions that compel
warring sections top patch up but these are entirely very personal matters," the
paper quoted the family sources.
The two brothers
have been hostile to each other for about a decade and Manu seemed to have enacted the
role of a forgiving and benevolent elder to end the family feud.
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Ravi
Jain may join Mallya
Bangalore: Ravi Jain, who left Shaw Wallace & Co as managing
director, is likely to join Vijay Mallya's UB group. Mr Mallya said he intends to make Mr
Jain an offer to join the group.
Mr Jain had announced on 11 October that he has put in his
papers in Shaw Wallace and is quitting his positions in other group companies. Much of
Shaw Wallace's performance in the liquor field, especially the beer market, is attributed
to Mr Jain.
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Vijay
Advani to head Templeton's Asia region
Mumbai: Vijay Advani, chief executive officer and president, Templeton
Asset Management India, is to take charge as Templeton's first Indian managing director
for one of the five global regions of the company -- covering South Africa, the Middle
East, Singapore, Malaysia and Indonesia. Mr Advani will be based in Singapore.
Mr Advani is largely responsible for Templeton's
performance in India, where the asset management company has developed an asset base of Rs
750 crore. He has been with the International Finance Corporation, Washington before
joining Templeton.
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Sandilya
to be Eicher CEO
New Delhi: S. Sandilya, managing director of Eicher Motors, and in charge
of group finance, strategic planning and audit, has been appointed group vice-chairman and
chief executive of the Eicher group. He takes over from Subodh Bhargava on 1 April 2000.
Mr Bhargava said the change was a natural process of
succession and that he may continue with the group as a non-executive chairman.
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