The Telegraph
Since 1st March, 1999
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Business Briefs

Shaw Wallace reshuffle

New Delhi, May 26:Shaw Wallace today initiated large-scale executive realignments in the company. Deepak Chaudhuri, who was director of the beer business, has now been appointed as head of Shaw Wallace’s traditional businesses. Other changes include appointment of Rajiv Suri as head of finance (liquor and corporate). He will report to group CFO P. M. Nene. Ashok Kapur will be in-charge of the gelatines division at Jabalpur. Srijit Mallick will move out of corporate finance and join Shaw Wallace & Hedges in Sri Lanka as director (finance). K. Sundarraman has been nominated to its beer joint venture with SAB Miller as deputy chief finance officer.

Spice Telecom

Bangalore, May 26:Spice Telecom today announced new tariff plans for post-paid and pre-paid subscribers. It also slashed mobile STD rates by 33 per cent. The post-paid Freedom-200 plan will charge Rs 1.80 per minute for cell-to cell calls and Rs 2.50 per minute to other phones during peak hours.

Wockhardt arm

Mumbai, May 26:The board of Wockhardt Life Sciences Ltd, at is meeting on May 23, has decided to hive off its agro-chemicals business into a wholly-owned subsidiary of the company, subject to the approval of shareholders.

Reliance case

New Delhi, May 26:A Delhi court today fixed July 7 as the deadline for Reliance chairman Mukesh Ambani and managing director Anil Ambani to appear before it in connection with a case of alleged violation of the Official Secrets Act.

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