Category: Regulators

  • Peuli Das named chief insurance officer of Future Generali India Life Insurance Company Ltd.

    Peuli Das named chief insurance officer of Future Generali India Life Insurance Company Ltd.

    Mumbai: Future Generali India Life Insurance Co. Ltd., an insurance service provider, is pleased to announce the appointment of Peuli Das as the Chief Insurance Officer. Peuli comes with close to two decades of diverse work experience in Actuarial, Risk, Finance, and Investment domains. As the Chief Insurance Officer, she will be responsible for the company’s Insurance Function, which entails Product Development, Management, Pricing, and Reinsurance.

    In her previous roles, she served as MD, Actuarial, Insurance Analytics, and Artificial Intelligence at Accenture and as the Chief and Appointed Actuary in IndiaFirst. Her prior experiences include working in India and abroad for leading brands such as, Reliance Life, Exide Life, HDFC Life, New York Life, and Deutsche Bank.

    Future Generali India Life Insurance Co. Ltd., CEO & managing director Bruce de Broize emphasised the significance of the “Insurance for all by 2047” initiative and expressed enthusiasm. He stated, “As the Chief Insurance Officer, I believe Peuli with extensive expertise and visionary approach will drive product innovation, aligning with our goal of user-friendly and customer-oriented offerings that bring substantial value to people’s lives. We are delighted to have Peuli on board, and we anticipate her contributions in shaping our product offerings that provide tangible benefits to both our company and our customers.”

    Das expressed her enthusiasm for her new role stating, “I am delighted to take on the responsibility of a “Business Actuary”, leading the team in devising and introducing a wider range of products that offer enhanced value to our customers. I am committed to advancing the performance of our product line, increasing our customer reach, enhancing the appeal of our offerings, and contributing to the company’s growth.”

    In her role as the Chief Insurance Officer, Peuli will report to Broize, and will be based in the head office in Mumbai.  

  • Visa appoints Rishi Chhabra as vice president, head of Merchant Sales & Acquiring (MS&A), India and South Asia

    Visa appoints Rishi Chhabra as vice president, head of Merchant Sales & Acquiring (MS&A), India and South Asia

    Mumbai: Visa (NYSE: V) has announced the appointment of Rishi Chhabra as vice president, head of Merchant Sales & Acquiring (MS&A), India and South Asia. In this role, he will lead the Merchant Acquiring and CyberSource strategy and its implementation in India and South Asia. He will be instrumental in charting the strategic direction for and leading the local MS&A teams for Visa  in India, Sri Lanka, Bangladesh, Nepal, Bhutan and Maldives.

    Prior to joining Visa, Chhabra has held executive leadership positions at companies like Fiserv (erstwhile First Data Corp.), PayPal and JP Morgan. Rishi is a proud alumnus of Visa, having previously spent over three years as a business leader in the US Small Business Product team. In his most recent role at Fiserv,  he served as country head and general manager for the India and Sri Lanka markets. Shailesh Paul, who till recently led the merchant sales & acquiring team for India and South Asia, has now moved to Singapore in the role of vice president, global small business solutions for Visa.

    “I am delighted to welcome Rishi to the Visa family. With over two decades of experience across the  financial services and payments sectors, Rishi brings a strong multidisciplinary background to his role  in Visa. His expertise will help in spearheading various strategic client-centric initiatives and  strengthening the digital payments acceptance ecosystem in India and South Asia”, said Visa’s Group country manager, India & South Asia, Sandeep Ghosh.

    “I am excited to join a dynamic global leader like Visa and feel energised to take over this role. Given  the accelerated adoption of digital payments in the country and the subcontinent, I feel there is no  better time than now for the brand’s promise to deliver an inclusive, sustainable and secure approach  to empower people, businesses, partners and customers,” said Chhabra.

    Chhabra has a Master’s degree in Industrial Engineering from the Ohio State University and a Bachelor’s degree in Mechanical Engineering from the University of Mumbai. He enjoys spending time with his wife and two daughters and as a travel and sports enthusiast, loves to play tennis and cricket regularly.

  • Quick Heal Technologies Ltd. appoints former Infosys executive, Vishal Salvi as the CEO

    Quick Heal Technologies Ltd. appoints former Infosys executive, Vishal Salvi as the CEO

    Mumbai: Quick Heal Technologies Ltd., a  global cybersecurity solutions provider, is pleased to announce the appointment of Vishal Salvi as the new chief executive officer (CEO) of the company, effective immediately. Salvi, a former executive at Infosys, brings with him over 29 years of experience in driving excellence in the cybersecurity and information technology domains in India and globally.

    Prior to joining Quick Heal Technologies, Salvi held the position of global chief information security officer, business head of Cybersecurity Service Line & senior vice president at Infosys Ltd. During his tenure, he played a crucial role in shaping the information and cyber security strategy across the Infosys Group. Salvi’s extensive expertise in cybersecurity and information technology has been honed through various leadership roles at organisations such as PwC, HDFC Bank, Standard Chartered Bank, Global Trust Bank, Development Credit Bank, and Crompton Greaves.

    Quick Heal Technologies Ltd., managing director & chairman Kailash Katkar will continue the role of chairman and managing director. Dr. Katkar’s exceptional leadership has been instrumental in the company’s remarkable growth and success. Under his visionary guidance, Quick Heal expanded its presence in the enterprise cybersecurity space in 2015 with the introduction of the acclaimed brand ‘SEQRITE’ while retaining a dominant market share in the retail segment. With his proactive direction, the company embraced a goal to make ‘Cybersafety a fundamental right for all’ and continue to make significant efforts to address the awareness gaps that have left billions of individuals, businesses, and governments vulnerable to cyber-threats worldwide.

    Expressing his confidence in the new leadership appointment, Dr. Katkar stated, “I warmly welcome Vishal Salvi to the Quick Heal family. Our team has tirelessly worked to deliver robust cybersecurity solutions, and I take immense pride in the significant business value we have created for all stakeholders. With customer centricity and innovation as our driving forces, I am confident that Quick Heal will continue to secure individuals, organizations, and nations. Together with Vishal Salvi as our CEO, we are fully committed to transforming the cybersecurity ecosystem in India and solidifying our position on the global map.”

    In response to his appointment, Salvi commented, “I am deeply honored to assume the role of CEO at Quick Heal Technologies Ltd. Quick Heal has earned a solid reputation as a trusted leader in the cybersecurity industry, and I am incredibly excited to lead this exceptional team into the future. In the face of constantly evolving cyber threats and the critical importance of prioritizing digital security, I am fully committed to the shared goal of making ‘Cybersafety a fundamental right for all.’ I am eager to drive growth, cultivate a culture of innovation, and provide unmatched value to our customers and stakeholders. Together, we will strive to create a cyber-secure world for everyone.”

    The appointment of Vishal Salvi as the CEO and with Dr. Kailash Katkar as the chairman and managing Director marks a significant milestone for Quick Heal Technologies Ltd. Their combined expertise, leadership, and industry knowledge will further fortify the company’s position as a global leader in cybersecurity.

  • NCLAT disposes appeal as ZEEL and IndusInd settle payment dues

    NCLAT disposes appeal as ZEEL and IndusInd settle payment dues

    Mumbai: Zee Entertainment and Induslnd Bank have reportedly announced that the dues between the two entities have been settled. Hence, the National Company Law Appellate Tribunal (NCLAT) has disposed of the National Company Law Tribunal (NCLT)’s order based on IndusInd’s appeal according to media reports.

    Both parties have been asked to bear the cost of the interim resolution professional’s time.

    The companies notified NCLAT that they have settled their payment dispute in March 2023.

     

  • Johnson Controls-Hitachi India ropes in Sanjay Sudhakaran as new managing director

    Johnson Controls-Hitachi India ropes in Sanjay Sudhakaran as new managing director

    Mumbai: Johnson Controls-Hitachi Air Conditioning (JCH) India Ltd. has announced the appointment of Sanjay Sudhakaran as new managing director, India & South Asia region, effective 1 July 2023.

    Sudhakaran will succeed Gurmeet Singh, who has stated his intention to pursue other interests, has stepped down as chairman and managing Director on 30 June 2023. He will remain as senior advisor to JCH – India until 30 September 2023.

    Sudhakaran has served as the managing director and CEO of Schneider Electric Infrastructure India since 2021. He has held multiple P&L and commercial roles while also leading manufacturing initiatives to drive profitability in businesses he has led.

  • ‘The Hitman’: A book exploring the meaning of life in a captivating journey of self-discovery

    ‘The Hitman’: A book exploring the meaning of life in a captivating journey of self-discovery

    Mumbai: Author Manoj Jain’s latest novel, ‘The Hitman’ is a captivating exploration of the human psyche and the search for purpose in life. The book follows the story of Vivek, a man in his forties, who strikes up a seamless conversation with a stranger at a bar and ends up making a life-and-death agreement that sets him on an unexpected journey of self-discovery.

    In this thought-provoking novel, Jain weaves a complex narrative that touches upon important themes from despair and loneliness to hope and the meaning of existence. Through his zealous and articulate writing style, he creates a relatable and sympathetic character in Vivek, who readers will root for throughout the story.

    Jain’s exploration of the human condition is both poignant and insightful, as he delves into the mind of the lonely and the desperate, and offers a solution to help them find their purpose through efficient action.

    ‘The Hitman’ is a gentle pick-me-up on days when one is troubled or low, and more relevant today than ever. With its relatable characters and exploration of important themes, this novel is sure to resonate with readers and leave them pondering the question: What is the true meaning of existence?

    In a statement about his latest book, Jain said, “I wanted to bring a solution to help everyone find their purpose or keep trying to find it. Hence, I penned down ‘The Hitman’ to wake the uninitiated.” With its compelling premise and captivating storytelling, “The Hitman” is a must-read for anyone looking for a much-needed refresher in their next novel. Pick up your copy today and embark on a journey of self-discovery like no other.”

     

  • Weekend Unwind with: Narrative co-founder Deepali Shetty

    Weekend Unwind with: Narrative co-founder Deepali Shetty

    Mumbai: With another weekend upon us, it is time to unwind with the latest Q&A edition of Indiantelevision.com’s Weekend Unwind-a series of informal chats that peek into the minds of business executives through a fun lens in an attempt to get to know the person behind the title a little better.

    In this week’s session, we have Narrative co-founder Deepali Shetty.

    Shetty is an alumna of T.A. Pai Management Institute, Manipal and is a seasoned business development and sales leader. She has an experience of over 20 years covering long-term stints at leading investment consulting firms. Her experience spans across product development, sales and marketing strategy, product launches, customer acquisition and strategic alliances. Prior to narrative, she was the national head of sales and marketing at India Life Capital (currently Mercer Wealth India) and held key leadership positions at ING Mutual Fund in Mumbai and Bangalore. As Narrative’s co-founder, she oversees campaigns and their performance, builds and nurtures strategic partnerships with key stakeholders and enjoys fostering long-term relationships and driving collaborative success. Her deep understanding of the business landscape combined with her creative flair and passion for all things design, has helped narrative establish a strong track record for delivering innovative and impactful solutions to clients.

    Beyond her professional endeavours, Shetty is an avid traveller and loves exploring new countries and cultures.

    So, without further ado, here it goes…

    ·         Your mantra for Life

    Don’t take it too seriously. Laugh at yourself and let others too!

    ·         A Book you are currently reading / plan to read

    Just started reading Tomorrow, and Tomorrow, and Tomorrow by Gabrielle Zevin.

    ·         Your Fitness mantra, especially during the pandemic

    Was lucky to have access to open spaces so mostly walking and cycling.

    ·         Your comfort food

    Mom’s Mangalorean mutton curry with rice.

    ·         When the chips are down a quote/ philosophy that keeps you going

    I don’t rely on quotes to keep me going. I just put my head down and do what I need to do. The chips can fall where they have to. As a practice, I try not to hype the problem. I break it into smaller parts and try to deal with the parts one at a time. It’s easier that way!  

    ·         Your guilty pleasure

    Foot rubs while sipping chai.

    ·         When was the last time you tried something new?

    I wanted to say taking a dip in a Japanese Onsen 2 months ago but then also this – answering these questions is also a first!

    ·         A Life lesson you learnt the hard way

    That life cannot be planned. The astrologer got and continues to get everything wrong.

    ·         If you could give one piece of advice to your younger self, what would it be?

    There will always be important people in your life who are not happy with the decisions you make. But fearlessly stick to that decision if you know it’s what you want. Everyone else will come around.   

    ·         What gets you excited about life?

    Knowing that I have the freedom to live it on my terms. Which essentially means that I don’t have to make everything a project or a plan, it’s totally ok if I fail and every now then there is a moment of serendipity.

    ·         What’s on top of your bucket list?

    Bet a million bucks on roulette. Close my eyes and pray

    ·         One thing you would most like to change about the world

    Rid it of cockroaches? The real answer is nothing. To change one thing, you have to change many things.

    ·         An activity that keeps you motivated / charged during tough times

    Reconnecting with an old friend or contact, catching up with their life and work, sharing notes and rehashing good times.

    ·         What lifts your spirits when life gets you down?

    Always music. AC/DC, DEF Leppard and classic rock from the 80’s and 90’s

    ·         Your go-to stress buster

    When in the office, it’s got to be Friday – our beautiful indie rescue who actively plays stress buster for all of us in return for back scratches. Check out her shenanigans on @fridayinfocus on the gram. Also, watching reruns of FRIENDS or Seinfeld usually does the trick.

  • SAT reserves order in Zeel case against Sebi

    SAT reserves order in Zeel case against Sebi

    Mumbai: The Securities Appellate Tribunal (SAT) has reserved its order in the plea filed by Essel Group Chairman Subhash Chandra and ZEE MD Punit Goenka against the Securities and Exchange Board of India (SEBI) that barred the two from holding managerial positions or directorship in listed entities.

    The father-son duo had approached SAT on 13 June against the interim order by Sebi passed on 12 June. Reports say that the bench reserved the order after hearing all the arguments.

    Sebi’s counsel Darius Khambata stated that the regulator has uncovered a series of disputed transactions that have taken place where related parties were involved. Sebi gave them 21 days to explain, but instead, they decided to approach SAT.

    Senior advocate Janak Dwarkadas, who appeared on behalf of the father-son duo, said that Sebi has no evidence apart from bank statements and that it’s wrong to conclude that the fund repayments by Essel Group entities to ZEEL are book entries.

    Dwarkadas also argued that the burden rests with the regulator to prove how the transactions are bogus. Chandra and Goenka reportedly also said that Sebi did not issue a notice before passing the order. They also said that Sebi didn’t follow the principles of natural justice.

  • Scott Rea Joins eMudhra as senior vice president – global strategic advisor

    Scott Rea Joins eMudhra as senior vice president – global strategic advisor

    Mumbai: eMudhra, a world-renowned Trust Service Provider specialising in Public Key Infrastructure (PKI), digital identity, digital signatures, and trust services, proudly announces the appointment of industry veteran Scott Rea as its Senior Vice President – Global Strategic Advisor. Rea will be based in Utah, North America, and his role will focus on expanding eMudhra’s presence and influence in PKI and digital signing domain in North America and Europe.

    With over 25 years of experience in managing relationships and fostering business opportunities with pivotal government and industry clients, Rea’s expertise in digital transformation and managed PKI projects is unparalleled. His leadership and insights will play an instrumental role in driving eMudhra’s growth and reinforcing its standing in the global PKI and signing domain.

    “Scott’s appointment comes at a pivotal moment as we continue to evolve our portfolio and expand our global footprint in the PKI and digital signing sector,” said eMudhra executive chairman V. Srinivasan. “His extensive knowledge, strategic thinking, and established track record in the industry make him an invaluable addition to our team.”

    Prior to joining eMudhra, Rea held a distinguished career leading DigitalTrust, the United Arab Emirates National PKI provider, where he was responsible for the design and implementation of the UAE National Digital ID (UAEPASS) and other national PKIs in the Gulf region. His previous roles also include serving as senior vice president of Trust Services at DarkMatter, senior PKI architect at DigiCert, and senior PKI architect for Dartmouth College.

    In his new role at eMudhra, Rea will provide strategic and technical direction on product roadmaps across the PKI and Signing portfolio, ensuring the products maintain global relevance and are poised for future expansion. His deep understanding of the industry, coupled with his strategic leadership, will be critical in shaping eMudhra’s products and services and positioning them for success in the global markets.

     

  • Satyajit Ganguly joins PXIL as MD & CEO

    Satyajit Ganguly joins PXIL as MD & CEO

    Mumbai: Satyajit Ganguly joined Power Exchange India Ltd in the capacity of managing director and chief executive officer. Ganguly is a graduate in Electrical Engineering and having a Post Graduate Diploma in Management. He is also graduate in law. He has 35 years of experience with various renowned power sector companies/authorities. Ganguly successfully cleared Indian Engineering Services examination conducted by Union Public Service Commission. In his professional journey he was associated with NTPC, Central Electricity Authority in Western Regional Electricity Board (WREB), Power Grid, Power Exchange India Limited, Lanco Power Limited, Vedanta Group, ONGC Tripura Power Company Limited (OTPC) in various responsible & key positions. His last assignment was with North-Eastern Transmission Company Ltd from 2018 till 26 June 2023 as managing director.

    Ganguly is a professional with domain expertise in grid management, power plant operations, power exchange operations, power trading, policy & regulatory advocacy, compliances, business development, as well as business expansion, Ganguly has also been a speaker in various national and international forums/conferences.

    He is a chartered engineer, Fellow of Institution of Engineers (India) and has been felicitated as ‘Eminent Engineering Personality of the year’ by The Institution of Engineers (India) in 2018. He is also recipient of International Icon Award 2019 by Institute of Economic Studies. He has also been awarded ‘Leading CEO of the Year for 2019 ‘ by Greentech Foundation.