Bhaskar Bhatt appointed chief operating officer in Titan
Mumbai: In a major senior management reorganisation at Titan Industries, Mr. Bhaskar Bhatt has been appointed the new chief operating officer of Titan Industries. He will be heading the newly constituted watch business unit.

Besides the new unit, Mr. Bhatt will also be responsible for several other corporate functions including human resources and international operations.

The newly constituted jewellery business unit will have Mr. Jacob Kurien, who has been designated as the chief operating officer of the unit.

Among the other changes, Mr. Bijou Kurien, head of the watch business unit's marketing operations, will hold additional responsibility as vice-president sales and marketing.

Further, the head of the watch business unit's manufacturing operation, Mr. M. S. Shantharam, has been designated as the chief manufacturing officer. The head of the design, product development and cost management functions of the watch business unit, Mr. B. G. Dwarkanath, has been designated as the chief technology officer of Titan Industries.
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BT denies resignation of Sir Ian Vallance
London: Reacting to media reports that Sir Ian Vallance, chairman of British Telecommunications, had agreed to step down in January 2001, the telecom giant issued press clarifications denying the reports. The company insisted that the chairman will continue for at least two years, when his contract expires.

Sir Vallance has been in the thick of problems, with the city’s major financial analysts holding him responsible for frustrating attempts at reform at the telecom giant. This latest media report is one more in the series of "whispering campaign" against the chairman.

The denial was issued after consultation with both Sir Ian and Sir Peter Bonfield, BT's chief executive.
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