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Sun Pharma In The News

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BMA Honours Best A$P Brightest of India Inc

Top awards for Anil Agarwal,Vineet Jain and NVaghul among others

The Bombay Management Association has recog­nised top achievers from various fields of management, who have made outstanding contributions in building and running successful ventures in India, at the 34th BMA Awards on March 8.

The awards were in five cate­gories  Management Man and Woman of the Year, Entre­preneur of the Year and of the Decade, and a Lifetime Achievement Award.

Vinita Bali, accepting the award for Management Wom­an of the Year, and Dilip Shanghvi, who was honoured as Management Man of the Year, attributed their success to parents, colleagues and the business environment.

The BMA conferred the award Entrepreneur of the Year on Vineet Jain, managing director of the Times Group, in recognition of the group's suc­cessful diversification from print to other forms of media such as television and inter­net. The success of its top newspaper brands, The Times of India and The Economic Times, has been replicated in broadcast, with the success of Times NOW and ET NOW, said BMA.

In his acceptance speech, Vi­neet Jain attributed the suc­cessful diversification to the solid foundation provided by the print business, for which he dedicated the award to his brother Samir Jain, vice chair­man of the Times Group.

Anil Agarwal, chairman of the Vedanta Group took the op­portunity to ask the govern­ment to ensure that the natural resources of the country are utilised, so that India can re­duce the burden of importing resources such as coal and oil. "We have the third largest re­serves of coal and yet we are the largest importer of coal. We should ensure that the re­source industry does well," Agarwal said.

The Bombay Management As­sociation bestowed the Life­time Achievement Award on Narayanan Vaghul, former chairman of ICICI Bank. Vagh­ul, 77, expressed his skepticism about the prospect of a revival of the economy in the near fu­ture. He said there has been a significant decline in the val­ues of the country's citizens, which was a bigger malady than the slowdown of the econ­omy which has dominated the press and polity. "There is a deeper crisis than the econom­ic crisis and greed is the reason for that. We all should collec­tively work towards letting go off that greed for the sake of the country," he said.