GP Goenka finalises succession plan, son to take over
Calcutta: In keeping with the long standing tradition of Indian business families, Calcutta-based GP Goenka has handed over his Rs. 3,000-crore empire to his 25-year old son, Shrivardhan, who is currently studying at the Kellogg’s School of Management.

Mr. Goenka plans to keep off from the management of the companies in the group, since he is not a believer in running companies with himself as chairman and his son the vice-chairman.

The companies under the Duncan Goenka Group, which is closely working with management guru Sumantra Ghoshal on a restructuring plan, include flagship Duncans Industries with a turnover of Rs 1,135 crore on March 31, 2000, Stone India, Star Paper (Rs 165 crore), Andhra Cement (Rs 114 crore), Consolidated Fibres & Chemicals (Rs 140 crore) and National Rayon (Rs 333 crore). The Herdillia group of companies, few investment companies, Bakelite Hylam, Duncan Gleneagles Hospital, National Standard Duncan and Gujarat Carbon also form part of the group.
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Awasthi calls it a day at Daewoo
New Delhi: The high-profile Mr. SG Awasthi, who was instrumental in building the brand for Daewoo Motors, has finally called it a day at the company. Industry sources cite serious differences between Mr. Awasthi and the Korean management on the current restructuring at the company, to be the cause for his departure.

The company is also trying to reduce its labour force by around 15 per cent. Inside sources state that the constant tussle between the Korean management, which wanted to keep the prices of its vehicles high, and Mr. Awasthi, who prevailed on them to reduce the prices in the interest of market share, also took its toll.

Awasthi's exit marks the end of a 16-year association with the company, which began as DCM-Toyota in 1984 and metamorphosed into DCM-Daewoo and then into Daewoo Motors (India).
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R S Mani new Kodak chief in India
New Delhi: Mr R S Mani, who has been with the company since 1986, will take over as the new managing director of Kodak India. He will replace Mr. Humayan Dhanrajgir, who retired on Monday after being at the job for five years.

Prior to his elevation, Mr Mani had been responsible for manufacturing operations at the Kodak plants in Bangalore, Goa, Malanpur and the health imaging business units.
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