Category: Regulators

  • Zee-Sony merger will go through even if I’m not the CEO: Punit Goenka

    Zee-Sony merger will go through even if I’m not the CEO: Punit Goenka

    Mumbai: Zeel CEO & managing director Punit Goenka told in interviews to media publications that the ongoing Zee-Sony merger will go through whether or not he remains the CEO.

    He has also said that he hopes the merger formalities will be completed by September.

    Meanwhile, Zee has paid Rs seven lakh as settlement charges to Sebi for alleged securities law violation, media networks have reported.

    Also, the Securities Appellate Tribunal (SAT) has adjourned the hearing of a plea by Essel Group chairman Subhash Chandra and Goenka against the Sebi order to 26 June.

  • Dr Karthik Sankaran appointed as Deshpande Startups’ CEO

    Dr Karthik Sankaran appointed as Deshpande Startups’ CEO

    Mumbai: Deshpande Startups, India’s largest business incubator, has appointed Dr Karthik Sankaran as the new chief executive officer. With an impressive background in the semiconductor and software industry, Dr Sankaran brings extensive leadership experience and a proven track record of driving innovation. In his new role, he will be leading all four programmes of Deshpande Startups, and spearhead collaboration efforts between the programmes and industries alongside taking care of the day-to-day responsibilities as the CEO.

    He has joined Deshpande Startups at a time when the company is rapidly expanding its impact across the Indian startup ecosystem through its state-of-the-art startup incubator at Hubbali in Karnataka. It is also undertaking a multitude of programmes aimed at various aspects of entrepreneurship, startup growth, knowledge-sharing and ESG initiatives.

    Speaking about the appointment, Deshpande Foundation CEO Anand Bariya said, “We are thrilled to welcome Dr Karthik Sankaran as the CEO of Deshpande Startups. His remarkable experience and leadership in the semiconductor and software industry, coupled with his entrepreneurial background, will be invaluable in guiding our startup programs and strengthening our ties with industries. As we endeavour to contribute to economic and social growth in India by providing incubator support, mentoring and industry guidance to startups, Dr Karthik’s expertise is going to add immense value to our efforts. I wish him all the best in his new endeavour.

    Adding further, Deshpande Startups CEO Dr Karthik Sankaran said, “I have always advocated the usage of advanced technologies to solve challenges and achieve social and business objectives. Having been associated with a diversity of companies, over the last three decades, I have seen technology’s impact first-hand. I look forward to working with the talented teams at Deshpande Startups and the startup community to drive meaningful impact and help startups scale and succeed.”

    A prominent figure in the software and semiconductor industries in India, Dr Karthik has accumulated over 30 years of experience in the field. Notably, he made significant contributions during his extensive 18-year tenure at Analog Devices, Bangalore, where he served in several executive positions. His leadership was instrumental in establishing a diverse semiconductor product development team in Bangalore, renowned for delivering innovative IC products that catered to the global market. He has also played key roles during his time at ATI Motors. He also has a successful entrepreneurial background, having co-founded Black Lotus Technologies and spearheaded the development of the Black Lotus mobile app for mental well-being.

    Possessing an impressive educational background, Dr Sankaran holds an M.S degree, and PhD in Computer Engineering from the University of Texas, Austin, USA, and has completed his engineering (BE in Electronics Engineering) from the PSG College of Technology, Coimbatore. He is a recipient of the JN Tata Endowment for the Higher Education of Indians, a prestigious scholarship for meritorious Indian students to study abroad.

  • EaseMyTrip strengthens its leadership team; elevates Nutan Gupta as COO

    EaseMyTrip strengthens its leadership team; elevates Nutan Gupta as COO

    Mumbai: EaseMyTrip.com, one of India’s largest online travel tech platforms, has elevated Nutan Gupta as its chief operating officer (COO). In her new role, she will be overseeing key functional areas such as business strategy and development, operations and supplier-building initiatives for the company. 

    Gupta joined EaseMyTrip in 2018 as president – alliance and during her tenure, she was the integral part, contributing towards building the brand and supplier relationship. Prior to this, Gupta has worked with various renowned firms helping them achieve their business goals.

    She is a professional bringing over 30 years of experience in the aviation, travel and tourism industries, wherein she has held multifaceted portfolios in leadership roles, both in airlines and tour companies. She is well recognised for her spirit of never giving up, strong will power and hard work. Gupta has handled diverse roles in key areas of sales and marketing, market research and business development, revenue management, international relations and brand building. Her core expertise lies in devising and successfully implementing business strategies for seamless operations for startups in the aviation sector and various tour companies. Additionally, Gupta was closely involved in foundation building, forward planning, financial strategy and conceptualisation, and the launch of marketing campaigns for companies.

    Gupta said, “EaseMyTrip’s journey has been inspiring. In a short span, the company has established itself as a successful brand in the travel and tourism industry. It is working with an innovative business model and is doing all it takes to fulfill its customers’ evolving demands. It’s an honour to be associated with such a progressive and nurturing company and I am excited as I adorn the new role of a COO. With my industry expertise and the team’s passion and skillsets, we will together take the brand to greater heights.”

    EaseMyTrip co-founder Rikant Pittie said, “Nutan Gupta has been associated with us for over five years now and has contributed significantly to the brand’s growth with her business acumen and impeccable leadership. We are delighted as she takes over the new role as the COO of the company and extend our best wishes and support. We are confident that she will continue to drive the company’s growth and help EaseMyTrip reach the zenith. With her innovative mindset, creative outlook and in-depth understanding of the industry, we intend to etch a promising future for the company. We strongly believe that Mrs Gupta’s vast experience, business insight, industry relationships will be a guiding force for EaseMyTrip.”

  • Megalodon brings in Sahid Sk as co-founder to lead design & creative team

    Megalodon brings in Sahid Sk as co-founder to lead design & creative team

    Mumbai: Megalodon, a pioneering AI-first marketing company, proudly announces the addition of renowned Indian AI designer Sahid Sk as co-founder. With his exceptional talent for creating viral AI creatives, Sahid Sk has become one of the most sought-after artists for AI branding in India. His expertise and vision will empower Megalodon’s design and creative team to push the boundaries of innovation and elevate brand style and marketing to new heights.

    Sahid Sk’s extraordinary designs have captivated audiences and garnered widespread recognition across top Indian media houses. His remarkable ability to infuse creativity into AI-powered campaigns has earned him accolades from numerous brands.

    Now, as co-founder, Megalodon, Sahid Sk is poised to revolutionise the field of AI marketing and lead the company’s pursuit of excellence in design.

    He says, “There is a world full of possibilities out there yet to be explored. In a few months we have ourselves witnessed the change in reception of ideas through AI tools and adaption of the same in various industries. At Megalodon, we welcome every brand that wants to be iconic and the best.”

    “When it comes to enhancing brand style and marketing strategies, creative elements play a crucial role. That is precisely where Megalodon, an AI-first marketing company, excels,” says Megalodon director Rashi Agarwal.

    “We are currently witnessing the next revolution, and brands that fail to embrace AI integration will undoubtedly miss the bus, just as many did when digital media emerged a decade ago. We take immense pride in being the first marketing company in India that places a primary focus on AI creativity.”

  • Expansion of Oxford Business College Sparks Job Growth with 150 Lecturer Roles

    Expansion of Oxford Business College Sparks Job Growth with 150 Lecturer Roles

    JOBS GENERATION: Padmesh Gupta, Managing Director, Oxford Business College. The independent higher education provider for business students is launching the largest staff recruitment drive of its kind in its 38-year history due to rising student numbers across the College’s campuses in England. An initial 150 posts, mostly at lecturer level,  are being created. With 350 employees, the College expects to enrol more than 10,000 students at campuses in Oxford, North West London, Nottingham, Coventry and Slough. One in Brentford, West London, opens in September 2023.

    The largest staff recruitment drive of its kind by an independent higher education provider for business students in the UK is under way.

    Founded as Oxford’s first business school in 1985, Oxford Business College currently has 350 employees and 10,000students.

    Due to demand from UK students for business-related courses and workplace soft skills, the College has expanded campuses in the UK and forged partnerships with degree-awarding universities.

    An initial 150 posts, mostly for lecturer positions, are being created over the next 12 months, including at the newly opened Coventry campus.

    There are also campuses at the university city of Oxford, Park Royal in NorthWest London, Nottingham and Slough, Berkshire.

    Furthermore, this September sees the opening of the Brentford campus in West London, with the entire 2,458 sq m building at One Brentside Park occupied by the College.

    The College provides a wide range of job-orientated undergraduate courses in business and management.

    In addition, the College is the pioneer of the longest-running International Foundation Programme in Oxford, which has prepared international students for more than 30 years to successfully progress on to UK university degrees.

    The Business English Language Preparation programme (BELP) is added to the International Foundation in Business to help students work in English with confidence; the high-quality English language teaching and learning is accredited by the British Council.

    Degree partnerships are in place with Buckinghamshire New University and Ravensbourne University London.

    Undergraduate courses at the three universities, each with a foundation year, are, respectively, BA (Hons) Business Management and BA (Hons) Business Management.

    Padmesh Gupta, Managing Director, Oxford Business College, said: “Due to the unprecedented growth of the College in the UK, the largest employment recruitment drive in our 38-year history is taking place.

    “We are looking to fill an initial 150 vacancies across all our campuses, including at Coventry and our new Brentford one.

    “Most of the posts are for highly qualified lecturers looking to develop their careers at one of the most sought-after places of learning in the independent, for-profit higher education sector.”

    He added: “We look forward to hearing from talented academics in Coventry and from any of our other campuses.

    “The College is incredibly proud of providing academic programmes for students who are keen to either run their own businesses or want to earn more money than their current job – in turn, both can generate taxes for UK plc.

    “We also appeal to students who may otherwise be written off because their English language skills might not be initially strong but who have the flair, passion and dedication to run or contribute to  successful businesses.

    “There stills persists a terribly old-fashioned and corrosive notion that the best businesspeople have come through long-established universities.

    “Thankfully, our students are proving that what matters is not wealth or social class but ability, talent and an overwhelming ambition to succeed in a working world where merit is the only judge.
    “Our lecturers see this every day from motivated students who have enrolled, having passed robust admissions standards which result in 60% of applicants being rejected.”

    Mr Gupta also stressed that new lecturers need to excel as their future colleagues are already doing; at 92.3% the College was ranked in the top 15% of all teaching institutions for students overall satisfaction in the National Student Survey (NSS) 2022.

    The College performed above the NSS benchmark in six out of seven key themes, securing 66th place amongst 431 higher education teaching institutions which took part in the UK.
    Furthermore, Mr Gupta also cited the College as being the recipient of two consecutive ‘WhatUni’ Student Choice Awards.

    In another development, the Chartered Association of Business Schools (CABS) recently awarded its associate membership to the College; it is CABS’ first membership with any private higher education institution in the UK.

    Mr Gupta said: “People looking to join us will understand that the College has a mission to excel in everything it does in order to provide the best higher education opportunities for students – young or mature – who want to better themselves in the world of business.”

    He added: “Oxford Business College has grown considerably over the past several years, with profits being reinvested in new jobs and the campuses.

    “The initial 150 posts, which, once filled, will generate income for the public purse through salary taxes, is an example of the College’s strategic expansion.

    “Our courses offer flexible start dates throughout the year, making the College ideal for anyone embarking on their career or as an alternative route to an undergraduate or postgraduate degree or a professional qualification.”

  • Saints Art brings Harbinder Singh on board as VP-marketing & strategy

    Saints Art brings Harbinder Singh on board as VP-marketing & strategy

    Mumbai: Saints Art, one of India’s PR & Strategic Communication agencies, has appointed veteran advertising and marketing expert Harbinder Singh as its vice president for marketing and strategy. In his new role at Saints Art, Singh will lead the agency’s marketing & outreach campaigns while strategizing process optimization for maximal profitability, supporting business partnerships, and strengthening operational efficiency.

    Welcoming the seasoned creative marketer on board, Saints Art co-founder & director Puneet Sharma said, “We are glad to get Harbinder on board, for he brings on the table an immensely rich experience of more than 3 decades and a deep understanding of diverse markets. We are confident that he will help us attain our growth objectives while delivering excellent results in terms of marketing strategies and positioning.”

    “Saints Art has over the years evolved as one of India’s most reputed PR agencies, handling PR mandates and procuring due share of voice for multiple leading brands across varied industries and domains. It gives me immense pleasure to join the team, and look forward to working with all stakeholders to position our services as a leader in the industry,” said Harbinder Singh on his new role.

    Singh is an exceptionally creative expert with a vast experience of over 30 years across advertising, marketing and brand building. Alumnus of the country’s most prestigious educational institutions – IIM-Lucknow and IIM-Bangalore – Harbinder has worked for a slew of national as well as global brands, including Nestle, Citibank, ITC Hotels, Adidas etc. He has also played a pivotal role in fostering the growth and positioning of real estate entity Eldeco where he worked for nearly 16 years.

    Saints Art is a strategic PR firm that has been steering PR mandates for businesses across diverse industries, such as FMCG, Entertainment, F&B, Alcobev, Fintechs, Microfinance, IT and Lifestyle. Over the past 15 years, the company has consulted over 500 national as well as international brands & individuals.

  • TPV Technology appoints Hrishitaa Chopra as marketing head for Philips TV & audio

    TPV Technology appoints Hrishitaa Chopra as marketing head for Philips TV & audio

    Mumbai: TPV Technology, one of the world’s leading monitor and LCD TV manufacturers has announced the appointment of Hrishitaa Chopra as the new head of marketing for Philips TVs, audio, monitors & signage and AOC monitors in India. With an impressive track record as a marketing professional, she comes with over 12 years of cross-functional experience in the smartphones, consumer durables & electronics sectors.  

    Prior to joining TPV Technology, Hrishitaa was associated with vivo India as the go-to-market lead for the brand’s premium smartphone range. She was responsible for setting up the premium segment and introduced vivo India’s first premium smartphone – X50 Series in the market. Before joining vivo India, Hrishitaa was leading the go-to-market strategy for Samsung Mobile’s flagship smartphones. Beyond the smartphone category, she has also been associated with leading consumer durables & electronics brands such as Whirlpool Corporation, as lead category marketing for kitchen appliances and spearheaded the marketing efforts for the launch of the new brand, KitchenAid for the Indian market. She was also associated with LG prior to that.

    At TPV Technology, Hrishitaa now steps into a pivotal role to lead marketing across the brand, product categories as well as online & offline channels. She will be responsible for devising and executing strategic marketing plans to create brand awareness, achieve sales targets and expand the customer base in India. 

    Expressing her enthusiasm for the new role, TPV Technology marketing head Hrishitaa Chopra said, “I am glad to be a part of a distinguished company like TPV Technology. With my diverse experience across brand, product, digital, and category marketing across the consumer durables and electronics industry, I am excited about the opportunity to craft strategic and impactful campaigns across the brand and its product portfolio to fuel the growth of the entire business. We look forward to using new age media and trends and developing compelling PR campaigns that will help the brand scale to newer heights.”

    Speaking on the appointment, TPV Technology country head- India Atul Jasra said, “We are ecstatic to welcome Hrishitaa to our organization. Her extensive experience, coupled with deep understanding and insights into the Indian market will undoubtedly help in expanding our footprint across the country. We look forward to collaborating with her as she brings a fresh perspective to our business, while we continue to redefine the consumer tech space through our innovative and unique technologies.”

    Hrishitaa Chopra is a seasoned marketing leader with a distinguished MBA in marketing from the University of South Australia and IBS Gurugram. In addition to her professional endeavours, Hrishitaa is a passionate traveler and content creator on Instagram, with an engaged community of more than 83K followers.

  • “We take very seriously the SEBI interim order and will continue to monitor developments that may affect the deal”: Sony statement

    “We take very seriously the SEBI interim order and will continue to monitor developments that may affect the deal”: Sony statement

    Mumbai: Sony Pictures Entertainment (SPE) has issued a statement saying that it takes the Securities and Exchange Board of India’s (SEBI) interim order against Zee Entertainment Enterprises Ltd. (ZEEL) promoters very seriously and will continue to monitor developments that may affect the deal.

    The statement was issued after a media report said that Sony is unlikely to pull out of the merger with Zee despite Sebi’s fund diversion allegations against Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises CEO Punit Goenka.

    In the statement, Sony Pictures Entertainment said, “There have been several erroneous press reports recently speculating about the future of ZEEL’s planned merger with SPNI following SEBI’s interim order against Subhash Chandra and Punit Goenka. We take very seriously the SEBI interim order and will continue to monitor developments that may affect the deal.”

  • Sony unlikely to pull out of merger with Zee, says media reports

    Sony unlikely to pull out of merger with Zee, says media reports

    Mumbai: According to media reports, Sony is unlikely to pull out of the merger with Zee despite Sebi’s fund diversion allegations against Essel Group chairman Subhash Chandra and Zee Entertainment Enterprises CEO Punit Goenka. Sony will stick to the merger’s commitment without any alterations.

    On 12 June, the Securities and Exchange Board of India (Sebi) issued an interim order alleging that Chandra and Goenka siphoned off funds and barred the father-son duo from holding any position on the board or key managerial positions in any listed company. While Chandra stepped down as Zee chairman in 2019, his son, Goenka, is Zee’s managing director and chief executive officer (CEO).

    Zee has challenged Sebi’s order at the Securities Appellate Tribunal (SAT), which will next hear the matter on 26 June. In the interim, in a series of interactions over the past week, the two groups approved an alternative plan in case the worst-case scenario plays out.

  • Wunderman Thompson South Asia elevates Vijay Jacob to managing partner, East and South

    Wunderman Thompson South Asia elevates Vijay Jacob to managing partner, East and South

    Mumbai: Wunderman Thompson South Asia has announced that Vijay Jacob has been elevated to managing partner, East and South, Wunderman Thompson India. Prior to taking on his new role, Vijay was senior vice president & managing partner, Wunderman Thompson Kolkata.

    With a proven track record of handling key businesses and having worked  extensively in the South, that includes leadership roles in agencies in Bangalore and Chennai, and partnering leading clients such as Britannia, ITC Foods, 3M, UB, TVS Motors and extensive experience in FMCG sales & marketing experience with Eveready, Vijay’s knowledge and understanding of the South market will give an  impetus to Wunderman Thompson India’s growth strategy in the South. 

    Commenting on Vijay’s new appointment, Wunderman Thompson South Asia CEO Shams Jasani commented, “The South market is very important to us, and Vijay’s appointment comes at a time when we want to spearhead the next  phase of growth. We have a very clear focus on new business and key clients  including oversight of client retention and business development, nurturing the  teams of talent, and driving innovation and growth for our clients and our  capabilities. With Vijay’s proven track record of always being able to meet the  ever-changing needs of clients and building strong and happy teams, we are  convinced that he will be able to drive positive impact for our clients and their  businesses and help fuel our growth ambition.” 

    Upon being elevated as head of East and South, Wunderman Thompson, India, Vijay Jacob, said, “I am looking forward to taking on this new role at Wunderman  Thompson India and further pave the way for the organization to greater success.  The South market holds immense potential for delivering transformational work  that builds on Wunderman Thompson South Asia’s capabilities in creative, data,  tech, and commerce. I look forward to collaborating with our experienced team to  deliver tailored solutions to ensure growth for our clients and make the south  market the growth engine for our company.” 

    Vijay will assume his new role commencing June. He will continue to report to  Shams Jasani.