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Category: People

  • Arise unveils new governing body for 2025

    Arise unveils new governing body for 2025

    MUMBAI: The Association for Reinventing School Education (Arise) has introduced its governing body for 2025 during its first annual general meeting (AGM) held at Ficci  on 13 December 2024. Attended by members from across the nation, including the Arise board, state chairs, and representatives from Ficci, the meeting focused on the announcement of the new leadership team.

    The newly inducted members of the ARISE Governing Body are:
    –  . Praveen Raju  – Founder of Suchitra Academy and president of Arise
    –  . Arunabh Singh  – Director at Healthy Planet TGA and Nehru World School, senior vice president of Arise
    –  . (Ms.) Silpi Sahoo  – Chairperson of Sai International Education Group, vice president of Arise

    –  . Vardan Kabra  – Co-Founder and Head of School at Fountain Head School, vice president of Arise
    –  . Vedant Khaitan  – Vice Chairperson of Khaitan Welfare Foundation, vice president of Arise

    Additionally,  . Prabhat Jain , Director at Pathways World School, will assume the role of immediate past president for 2025.

    In his farewell speech, outgoing president   Shishir Jaipuria commended   Jain’s leadership, noting his pivotal role in transitioning ARISE into a robust entity with an operational secretariat aimed at enhancing the school education landscape in India.   Jain stated, “Arise  has been at the forefront of significant reforms in the education sector, laying the groundwork for its future as a leading voice for school reforms.”

    Incoming President   Praveen Raju expressed gratitude and a commitment to progress: “I am honored to lead Arise in 2025. Our members are forward-thinking, and with the support of the secretariat, we will work diligently to elevate Arise  to new heights.”

     Raju was welcomed by   Manit Jain, Co-Founder of Heritage Schools and Director at Arise , with coordination by   Vinesh Menon, Director General & CEO of Arise.

    Founded in 2016 and reconstituted as a not-for-profit independent chamber in March 2024, Arise is dedicated to transforming K-12 education in India, providing a platform for collaboration, research, and advocacy for policy reforms to foster holistic student development.

  • SMPTE names Sally-Ann D’Amato as executive director

    SMPTE names Sally-Ann D’Amato as executive director

    MUMBAI: The Society of Motion Picture & Television Engineers (SMPTE), the home of media professionals, technologists, and engineers, today announced that Sally-Ann D’Amato has been named executive director by the SMPTE board of governors. D’Amato formally began this new role on 18 December 2024, after acting as interim executive director since October. 

    “I’m honoured to accept the role of executive director,” says D’Amato. “After more than two decades with the society, I’m humbled to be chosen as its leader. I will continue to work toward a society that is efficient, innovative, and united. My goal as executive director is to encourage more collaboration across sections to create more opportunities for members, strengthen the standards community, and reinforce the organization’s infrastructure. This will be enacted through a mission we’re calling ‘We Are All One SMPTE.’” 

    D’Amato joined the SMPTE family in 2001, working as an administrative assistant. She was promoted to executive assistant in 2003, and again promoted to director of operations in 2005. In 2016, she became director of events and governance liaison. In this role, she was responsible for planning and executing events and was also responsible for working with the board on issues of society governance and board activities. In October 2024, she became the interim executive director. 

    During her time at SMPTE, D’Amato helped enact the current bylaws and operations manuals. She also has been responsible for producing the media technology summit since 2005, and even produced a virtual version of the event during the Covid-19 pandemic. She also produced the SMPTE centennial celebration in 2016 and incorporates her creativity by writing songs for and performing in many of the events she works on.
     
    “Sally-Ann has been a tremendous asset to SMPTE, and will continue to be in this new role,” says SMPTE president Renard T. Jenkins. “She has proven her commitment, qualifications, and talent time and time again, and when asked to lead the society, she didn’t hesitate to step up. Her performance in the role of interim executive director has already had a positive impact on the society. I believe she will lead SMPTE to a brighter future, and I look forward to helping her do just that.”

  • Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    Sebi probe against Zeel, Chandra & Goenka to continue; fresh show cause notice to be issued

    MUMBAI: The regulatory investigation against  the father-son duo of Subhash Chandra and Punit Goenka seems to be never ending.

    Securities watchdog the Securities Exchange Board of India (Sebi) on 2 January said that it will be filing a fresh show cause notice (SCN) against the two and will continue its investigation into listing guidelines violations by Chandra and Zee Entertainment Enterprises Ltd (Zeel). This was spelt out in the  adjudication order issued by adjudicating officer (AO) Amit Kapoor on 2 January 2025.  

    In the order Kapoor stated  “that the contents of the SCN dated 6 July 2022 issued by the AO will also be incorporated in the SCN to be issued in the instant matter.”

    Zeel and its promoters are under Sebi investigation for not following Listing Obligations & Disclosure Requirements (LODR) 2015. The regulator had issued a show cause notice against them on 6 July 2022. 

    Both Zeel and Punit Goenka had filed settlement claims to settle the adjudication proceedings. Sebi normally allows entities against whom investigations have been initiated to apply for settlement by paying a certain fee or complying with the rules that the watchdog lays out. 

    Their application was rejected by a panel of whole time Sebi members who also instructed it to continue with the investigation.

    Kapoor’s  adjudication order  states that once the investigation into the instant matter is complete, the competent authority should proceed against Zeel, Chandra, and Goenka under section 11B of the Sebi Act 1992. (Section 11B gives Sebi the powers to levy penalties. Penalties can vary from Rs 1 lakh to Rs 1 crore or to Rs 25 crore or 10 years in prison or both depending under which section of the Sebi Act or Securities Contracts (Regulation) Act, 1956 they are being levied) 

    Kapoor’s order further states that the allegations contained in the SCN  of 6 July 2022 are to be subsumed with the findings of the further investigation carried out by Sebi in the instant matter. 

    “Accordingly, the contents of the SCN dated July 06, 2022 issued by the AO including the examination report and all the relied upon documents will be treated as integral part of the further investigation report by Sebi in the matter of Zeel. The contents of the SCN dated 6 July 2022 issued by  the AO to Zeel, Chandra and Goenka  will also be incorporated in the SCN to be issued in the instant matter. The instant AO proceedings would be dropped against the three, ” he further states in his order. 

  • The state of vulgar ads on TV, according to I&B minister of state L. Murugan

    The state of vulgar ads on TV, according to I&B minister of state L. Murugan

    MUMBAI: Marketing professionals continue to cross the line as far as ads are concerned on TV. But there are enough  built-in regulatory checks  to reign them in. At least that’s what appears to be, the case, considering  the written reply given to the Rajya Sabha by minister of state for information & broadcasting L. Murugan on 7 November. . 

    Some 73 complaints were  received by regulatory bodies against vulgar and obscene TV advertisements on TV channels over the past three years, he said. But all  violations were addressed through  a three step grievance redressal  process.   The first, self-regulation by broadcasters. The second step being self-regulation by self-regulating bodies of the channels. The final level is an oversight mechanism of the government through the I&B ministry. 

    The measures taken at the central government level include the issuance of advisories, warnings, apologies and off air orders against guilty parties. 

  • Vijay Chandok takes over NSDL chairman & managing director

    Vijay Chandok takes over NSDL chairman & managing director

    MUMBAI: His appointment was cleared by the Securities Exchange Board of India  (Sebi) in end August  when he was MD & CEO of ICICI Securities.  The National Securities Depository Ltd (NSDL), however,  announced on 29 November  that financial market veteran Vijay Chandok has joined the organisation as MD & CEO.

    Chandok’s  appointment is set for five years or until he turns 65, earlier reports had suggested. These  had also suggested that Chandok would join at a time when NSDL was looking at unlocking value through an initial public offering. But today, the depositories body said that he “set to lead the organisation through a transformative phase, focusing on enhancing market operations and ensuring secure, efficient, and innovative solutions for stakeholders.”

    Chandok has  a master’s in management studies from NMIMs and an engineering degree from ITT Bubaneshwar.

     

  • NDTV responds to BSE query on Adani group news reports

    NDTV responds to BSE query on Adani group news reports

    MUMBAI: With the spotlight being beamed on the Adani group courtesy the criminal indictment and civil complaint by the US department of justice and the Securities and Exchange Commision in a US court against Gautam Adani and two other board members of Adani Green, the Bombay stock exchange reached out to group company NDTV India querying it about the development.

    NDTV responded by clarifying that no allegations have been made against it  (NDTV), It also cited the media release issued by the Adani group quoting a spokesperson that  “the allegations made by the US Department of Justice and the US Securities and Exchange Commission against directors of Adani Green are baseless and denied. As stated by the US Department of Justice itself, the charges in the indictment are allegations and the defendants are presumed innocent unless and until proven guilty. All possible legal recourse will be sought.”

    “Adani Group has always upheld and is steadfastly committed to maintaining the highest standards of governance, transparency and regulatory compliance across all jurisdictions of its operations. We assure our stakeholders, partners and employees that we are a law-abiding organisation, fully compliant with all laws.”

    The NDTV stock appeared to be unaffected by all the allegations as it fell just 0.65 per cent to Rs 168.25 at trading day’s end. 

  • Subhash Chandra accuses Sebi chairperson Buch of derailing Zee-Sony merger

    Subhash Chandra accuses Sebi chairperson Buch of derailing Zee-Sony merger

    MUMBAI: Subhash Chandra is on the war path. The founder  & chairman emeritus of Zee Entertainment Enterprises, held a press conference late last evening wherein he openly lambasted the Securities & Exchange Board of India  (Sebi) chairperson Madhabhi Puri Buch.

    Chandra is being probed by the market regulator for alleged fund diversion of over Rs 2,000 crore from the media behemoth.

    The 73-year old Chandra alleged that Buch is one of the negative forces who has been acting against his group all along and it is her interference in the regulatory clearance of Zee’s merger with Sony that caused it to fail.

    Said he: “Sebi has not been acting in the interest of investors of Zee Entertainment. Zee Sony merger was progressing well and they had got Sebi/ stock exchange approval. Despite the same, Sebi instructed BSE/NSE to intervene in NCLT proceedings and scuttle the merger by spooking Sony. Ultimately the merger was terminated by Sony which resulted in erosion of huge wealth of minority shareholders.”

    He further leveled charges of corruption against Buch, saying that her income, along with her husband was Rs 1 crore, which shot up to Rs 40-50 crore per annum after she assumed her position at Sebi.

    ”This  needs to be investigated by media and investigating agencies, including analysis of the settled/compounded cases and the consultation fees paid by such corporates and received by Sebi chairperson and her connected persons. These are many ways she and her husband extort money from corporates and stock market corrupt operators and fund managers,” he alleged.

    He added that he had been approached by a middleman – Manjit Singh – in January 2024 who professed to represent Buch and offered to rid Zee of its regulatory problems with Sebi in exchange for a price which would run into three digits.  

    “I dismissed it then but now with the Hindenburg and ICICI bank revelations against Madhabi Puri Buch and her connected persons, it seems that the person who approached me may have been right. May be this was the modus operandi in various cases, which have got settled/adjudicated through compounding with light touch,” highlighted Chandra. “It was (ICICI’s) Chanda Kochhar and her husband; and Madhabi Puri Buch and her husband; working in tandem, hence Madhabi Puri Buch was paid hefty sums of money by ICICI while she was the whole-time member at Sebi.”

    The goateed entrepreneur said he had lost faith in the securities watchdog and would not cooperate with it in his personal capacity. “I urge Zee Entertainment to also stop co-operating with Sebi any further; since it is a biased investigation being carried out; with a pre-conceived mindset of its chairperson,” he said in conclusion.

    Meanwhile,  the ICICI group has refuted the allegations made by the Congress (I) that Buch continued to receive a salary from the bank after her retirement. 

    It said in a statement on X: “ICICI Bank or its group companies have not paid any salary or granted any ESOPs to Madhabi Puri Buch after her retirement, other than her retiral benefits. It may be noted that she had opted for superannuation with effect from 31 October  2013. During her employment with the ICICI group, she received compensation in the form of salary, retiral benefits, bonus and ESOPs, in line with applicable policies…All the payments made to Ms. Buch post her retirement had accrued to her during her employment phase with the ICICI Group. These payments comprise ESOPs and retiral benefits.”

    A senior Sebi official termed the allegations  against Buch as “malicious and opportunistic” to business daily, Business Standard.

     

  • Tanla appoints former TRAI chairman R S Sharma to BOD

    Tanla appoints former TRAI chairman R S Sharma to BOD

    Mumbai: One of India’s CPAAS Players, Tanla announced RS Sharma to facilitate the BOD ( Board of Directors). The BOD number of directors increases to 7 including Sharma.

    While expressing happiness on the appointment of Dr. Sharma appointment, founder and chairman Uday Reddy said, ‘ Dr. Sharma’s incredible vision and track record in India’s digital transformation journey makes him an invaluable addition to Tanla’s August board. We are excited to learn from his pioneering experiences and advice for the continued success of Tanla Platforms globally.’

    He was the chairman of TRAI ( Telecom Regulatory Authority of India) from 2015 to 2020. He had unparalleled work on taking new initiatives in Technologies and transformation.

    Speaking on the appointment as Director at Tanla Dr R S Sharma said, ‘Tanla is adept at harnessing disruptive technologies. And I see how they have innovated to foster trust in the CPaas ecosystem. Joining the board of such a forward-thinking technology company is really an opportunity to contribute to nation-building. ‘

    His tenure was marked by initiatives promoting net neutrality and consumer rights. He worked on many government initiatives and projects for the betterment of consumers

  • APL Apollo appoints Charu Malhotra as chief brand officer

    APL Apollo appoints Charu Malhotra as chief brand officer

    Mumbai: The board of directors of APL Apollo, India’s leading branded steel tubes manufacturer, has announced the appointment of Charu Malhotra as the chief brand officer. A seasoned marketing professional, Malhotra brings a wealth of experience to her new role, where she will be responsible for steering the brand’s purpose and ensuring unified communication that aligns with the business objectives across APL Apollo.

    Charu brings an outstanding track-record of driving growth for brands across luxury and premium businesses. Charu’s unique profile has been built over two decades of experience where she has consistently built brands and businesses through deep consumer and market insights, strategic thinking, and an ability to translate brand values consistently across different categories in an aspirational way.

    Recognising the prowess and expertise of Charu Malhotra in her distinguished field, APL Apollo Tubes Ltd chairman & MD Sanjay Gupta said, “We are delighted to have Ms Charu Malhorta join our team as chief brand officer. Charu’s reputuation as a visionary in brand development precedes her, and we are excited to leverage her insights to shape a compelling narrative that resonates with our clients, stake holders and industry at large. I am confident that with her strategic thinking and creative finesse we are well positioned to unlock fresh opportunities and redefine our brand’s impact in the building material industry”

    Reflecting on her appointment, Malhotra added, “I am profoundly honoured and enthusiastic to be part of APL Apollo as the chief brand officer. This role deeply resonates with my passion to steering impactful change through the strategic marketing and communication to various stake holders. As we come together, we are poised to embark on an exciting journey of relentless innovation, robust growth, and the creation of an indelible brand within the industry.”

    Malhotra’s illustrious career spans two decades marked by successful brand strategy implementation, market presence augmentation, and revenue generation through innovative marketing campaigns. Her last stint was with Hindware ltd as VP and head of marketing she played a pivotal role in leading brand transformation and relaunch the brand that resonates with millennials.

    She has been honoured with numerous distinguished awards and accolades, including the ET Inspiring Women leader & Women Super Achiever Award among many others, presented by prestigious organizations. As Charu joins forces with APL Apollo, there is eager anticipation to embark on a journey of innovation, cultivate growth, and establish an enduring legacy within the industry.

  • TresVista welcomes Anupam Singhal to its board of directors

    TresVista welcomes Anupam Singhal to its board of directors

    Mumbai: TresVista, the industry leader in high-end outsourced services, is proud to announce the strategic addition of Anupam Singhal as a new member of its board of directors.

    An alum of Harvard Business School, Singhal co-founded and ran Monaeo, an advanced location-based data analytics and compliance automation platform. He also worked in private equity at SilverLake and General Atlantic, and at Morgan Stanley in M&A. He is currently responsible for driving strategic top-line growth initiatives as the chief strategic partner officer at Topia, a leading Global Talent Mobility platform.

    “Anupam is an accomplished business leader with a strong background in planning and executing corporate strategies, which I am sure will further strengthen our efforts to expand and meet the increase in demand for our services”, said TresVista co-founder and MD Abilash Jaikumar.  “As a former client, his insights and fresh perspective will bring significant value as we continue to deliver impactful solutions to our clients.”

    With wide adoption of its diversified and evolving portfolio, TresVista has experienced exponential growth with the business consistently doubling every two years and on track to reach $50 million in the current fiscal year with over 300 clients. 

    To meet its demands and revenue targets that would require over 5,000 employees in the next four years, TresVista has made significant investments to update existing infrastructure. In the past year, the firm has more than doubled its office space while also announcing the launch of its Delhi-NCR office in 2024. 

    With Singhal’s proven track record of investing in and helping build high-growth, global tech and tech-enabled companies, the announcement comes at an exciting time for TresVista as they look to expand their horizons.

    Recently, the company’s board met in New York to reflect on current performance as well as discuss various strategic initiatives. Amongst other discussions, expansion into adjacent service lines, capital allocation options, digital transformation, and increasing internal transparency were identified as some of the key focus areas.

    “More than 15 years in, we’ve never been more excited about the prospects for TresVista and the impact we can have in not just the global financial industry, but beyond as well”, said TresVista co-founder, and managing director Sudeep Mishra.“Our portfolio of services continues to broaden, creating new opportunities for employees, while adding value in new ways to an expanding client base.”