Shiva Kumar takes charge as BEL CVO

Navaratna Defence PSU Bharat Electronics Ltd (BEL) today said S Shiva Kumar has taken charge as its Chief Vigilance Officer (CVO).
Kumar, an IAS officer of the Bihar cadre, took charge on December 30, 2013, a company release said.
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NP Singh appointed CEO of Multi-Screen Media * Multi-Screen Media (MSM), which runs channels like Sony and SAB TV, today elevated its Chief Operating Officer N P Singh as the CEO with immediate effect.
In his new role, Singh will report to Sony Pictures Television President Worldwide Networks Andy Kaplan, MSM said in a statement.

Man Jit Singh, the current Chief Executive Officer of MSM, would return to being the Non-executive Chairman of MSM, it added. He would relocate to Los Angeles to assume other responsibilities as well.

"N P and I have worked closely together as equal partners these last five years and the success of the company is largely due to his efforts. The time has come for him to lead the company to the next level," Man Jit Singh said.
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Housing industry demands single window approach for growth * Maharashtra Chamber of Housing Industry-Confederation of Real Estate Developers' Associations of India (MCHI-CREDAI) Thane unit president Sailesh Puranik today expressed the need for a "single window" to deal with permissions relating to the real estate sector.

Announcing the 13th Thane Property Expo-2014 to be held in the city between January 17 and 20, he said that this year's main attraction would be inclusion of developers from Bhiwandi who would be a part of nearly 40 premium developers showcasing about 300 or more projects in and around Thane.
He said that expectations of price correction has been a major factor slowing down property sales. However, since the cost of acquisition and execution has increased phenomenally, prices are only going to rise in the days to come, he said.
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Board of Lakshmi Vilas Bank approves rights issue * The board of private sector Lakshmi Vilas Bank has approved rights issue to mobilise up to Rs 650 crore, the Tamil Nadu-based bank said today.

"The Board of Directors of the Banks at its meeting held today have in accordance with the relevant provisions of Section 81 (1) and other applicable provisions of the Companies Act 2013, ...Have approved to issue and allot equity shares of the Bank for an amount aggregating up to Rs 650 Crore to the equity shareholders of the Bank on a "Rights basis" at such price as may be determined by the Board or a Committee thereof", Lakshmi Vilas Bank said in a BSE filing.