Basu steps down from Star
Mumbai: Rathikant Basu, executive chairman of News Television India, the Indian unit of Star TV, is relinquishing his post in the company. Mr Basu has now been designated as non-executive chairman and will continue to draw his salary and perks till his contract ends in October 2000.

Meanwhile, News Corporation, which owns Star TV, announced that it is forming a new company in India, Broadcast Worldwide, and Mr Basu will head that company.

Confirming the developments, a NewsCorp source said Mr Peter Mukherjea, Star TV’s current chief executive in India, will assume Mr Basu’s duties and will be responsible for all Star TV activities in India.
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Rahul Bajaj is chairman of Mukand
Mumbai: Rahul Kumar Bajaj, chairman and managing director of Bajaj Auto, has taken over as chairman of Mukand from Viren Shah, who has been appointed governor of West Bengal governor. Mr Bajaj is at present vice-chairman of the company.

Mr Shah has resigned from all company boards.
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Vasudeva Dempo dead
Mumbai: Noted industrialist and chairman of the Dempo group of companies, Vasudeva Dempo, passed away on 28 November following a brief illness. He was 64. He was the eldest son of Vasantrao Dempo, the founder of the Dempo group.
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