| Home
|
(Bloomberg News) - MUMBAI: India's state-owned oil company, Oil & Natural Gas, has given its acting chairman, R.S. Sharma, the role permanently after a 14-month search failed to attract private-sector candidates for a job that pays about $20,000 a year. Sharma, 56, won final approval from the office of the prime minister on Wednesday. He replaced Subir Raha, who stepped down in May 2006. His tenure will continue until January 2011. All 71 applications for the job to run the most profitable Indian company were from executives at state-run companies, Raha said. Link |
