Thursday, January 18, 2001
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Executive Briefing 

 
RCF shuts down Trombay unit
Bogged down by prolonged short-supply of ammonia gas, Rashtriya Chemicals and Fertilizers (RCF) has partially closed down its Trombay unit operations. "Tomorrow (Thursday) we will be shutting down the Suphala plant, which produces NPK 15:15:15, and was working at 70 per cent capacity," RCF CMD DK Varma added.

GMs lead charge for SBI VRS
The State Bank of India has unwittingly invited an exodus of general managers and deputy GMs with its voluntary retirement scheme. The VRS, which opened on January 15 and will close on January 31, has attracted 16,000 applications in just two days.

Agni-III successfully test-fired
India's indigenously developed longer range version of Agni Intermediate Range Ballistic Missile (IRBM), named Agni-III, was successfully test-fired from Wheeler Island off Orissa coast on Wednesday.

Bombay HC extends remand of Bharat Shah
The Bombay high court on Wednesday extended till January 21 police remand of Bharat Shah who had financed the controversial film "Chori Chori Chupke Chupke" for Rs 12 crore. The remand which was granted by the special court was to expire on Thursday.

Seven new members on LIC board
The Centre has added seven new members on the board of Life Insurance Corporation. The new members are drawn from various fields as part-time non-official directors for two years with effect from January 12. The new members are former chairman of Unit Trust of India SA Dave, chartered accountant RP Chitle, former chairman and managing director Dr G Goswami, Indian Institute of Management director Prof Jahar Saha, former high court judge Prem Shankar Sahay, Delhi School of Economics lecturer Ram Khanna and Prof Raosaheb Kasbe.

Copyright © 2001 Indian Express Newspapers (Bombay) Ltd.

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