Divestment panel chief resigns
New Delhi: G.V. Ramakrishna, Disinvestment Commission chairman, has put
in his papers, but the government is yet to accept the resignation. Manohar Joshi, heavy
industry and public enterprises minister, confirmed the resignation and said the letter
has been forwarded to the prime minister."This
has to be discussed," Mr Joshi said, adding the government will soon take a decision
in the matter.
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Ashok
Lahiri resigns from IDBI
Mumbai: Ashok Lahiri, managing director of Credit Analysis and Research,
has resigned from the Industrial Development Bank of India as executive director. This is
in line with the Securities and Exchange Board of India's directive that promoters and
rating agencies should have an arm's length relationship. The IDBI is one of the promoters
of CARE. Mr Lahiri, who is to retire in February 2001, was on deputation from IDBI.
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Cholamandalam
AMC CEO resigns
Mumbai: Cholamandalam Cazenove AMC's chief executive officer D.
Ravishankar, has resigned. Mr Ravishankar was the company's chief investment officer also.
He is likely to be relieved by the end of December 1999.
The asset management company at present manages Rs 200
crore in assets.
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