Paul Wolfowitz confirmed as World Bank chief
Washington: The World Banks' board has appointed US Deputy Defence Secretary Paul Wolfowitz as the tenth president of the 184-nation development bank.

Wolfowitz, whose nomination was unanimously approved by the board, will take over as the Bank's president when James Wolfensohn's ends his tenure in a few weeks.

By agreement between the US and the Europeans at the end of World War II, the World Bank President is always an American chosen by the US President and the IMF Managing Director a European.

The US is the largest shareholder in both the Bank and IMF.

In response to the Board's decision appointing him, Wolfowitz said in a statement: "It is humbling to be entrusted with the leadership of this critically important international institution."
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Navaneethan to be part-time Chairman of Dhanalakshmi Bank
Chennai: A.D. Navaneethan, Director, Dhanalakshmi Bank, has been appointed as part-time Chairman of the Bank. He will hold charge for a period of 3 years effective from March 30.

Navaneethan served as the Chairman of Karur Vysya Bank for nearly nine years. He had also worked with the Syndicate Bank and Reserve Bank of India earlier.
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Whirlpool board : D'Silva resigns
Mumbai: Whirlpool of India Ltd has informed BSE that Garrick D'Silva has resigned from the directorship of the Company with immediate effect and thus he ceases to be Chairman of the Company as well.
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EID Parry India - G Ramprasad resigns
Mumbai: EID Parry (India) Ltd has informed BSE that G Ramprasad has resigned as Director from the Board of the Company w.e.f. April 01, 2005.

Consequent to this Ramprasad ceases to be Whole Time Director of the Company with effect from this date.
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