Daily Stock Setups

GAIL selects Tripathi, Purwaha for top jobs

Posted on: Fri, 16 Jan 2009 21:55:00 EST

Symbols: GAILF

Are you looking to increase your ETF knowledge?

New Delhi, Jan 16, 2009 (Asia Pulse Data Source via COMTEX) --
GAILF | Quote | Chart | News | PowerRating -- B C Tripathi and A K Purwaha were today selected by the Public Enterprise Selection Board (PESB) in that order to head state-run gas utility GAIL India Ltd.

PSEB interviewed more than a dozen candidates over the past two days to recommend GAIL Director (Marketing) Tripathi as its number one choice to Petroleum Minister Murli Deora, informed sources said.

It recommended GAIL Director (Planning and Business Development) A K Purwaha as its second choice for the post of Chairman and Managing Director of the company.

The post of Chairman and Managing Director will fall vacant on July 1 this year when the present incumbent U D Choubey retires on supperannuation.

54-year old Purwaha, who turned around Mumbai CNG retailer Mahanagar Gas Ltd as managing director during 2001 and 2006, has been director incharge of GAIL's business development activities including transnational pipelines like those from Iran and Turkmenistan since November 1, 2006.

While, Tripathi, a mechanical engineer, is the youngest director on company board. 49-year old Tripathi, who worked on the company's most prestigious pipeline projects and steered its marketing initiative, will have almost 11 year stint at the helm of affairs. Tripathi joined GAIL board in July 2007.

Deora has the right to select from these two candidates the most suitable persons for the top job and forward it to the Cabinet Committee on Appointments for ratification, they said.

For full details on (GAILF) GAILF. (GAILF) has Short Term PowerRatings at TradingMarkets. Details on (GAILF) Short Term PowerRatings is available at This Link.

More News: Market Updates | Stock Alerts | All Trading News

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.