Cipla board approves retirement of M K Hamied

Drug firm Cipla Ltd on Thursday approved the retirement of executive vice chairman M K Hamied with effect from March 31, 2014. Mr Hamied, 73, will continue to be the vice chairman of the company in a non-executive role effective April 1. "The board unanimously acknowledges the contribution of M K Hamied to the company over the past 30 years, and in deference to his wishes, has accepted his proposal to retire as Executive Vice...