Thiruppathi to head Sterlite Copper
Chennai: K. Thiruppathi, managing director, Spic Electric Power
Corporation, will take over as president of Sterlite Copper, a Sterlite Industries company
at Tuticorin. The present incumbent, Deb Bandyopadhyay, is likely to be shifted to other
operations of Sterlite Industries. Mr Thiruppathi has a technical and administrative
background. He has worked with the Spic group for more than 29 years. He said, however,
that he will leave Spic only with the approval of A.C. Muthiah, vice-chairman and
president of the group.
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News Review index pageP.M. Sinha quits Reckitt & Colman board
New Delhi: P.M. Sinha, chairman of
Pepsi Foods, has quit the board of Reckitt & Colman of India as non-executive
chairman. Mr Sinha is understood to have relinquished the post as he expects the unified
entity created after the worldwide merger of Reckitt & Colman and Benckiser would take
a decision of his appointment on the board.
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Banker Safra is dead
Paris: Billionnaire banker Edmond Safra died in a fire that destroyed his
apartment in Monaco. Reports said a group of attackers broke into his apartment and the
skirmishes resulted in the fire.
The 67-year-old Mr Safra was to receive $3 billion from
HSBC Holdings, which had acquired his stakes in Republic New York Corporation of the
US and the Luxembourg-based Safra Republic.
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