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Tag: Citibank

  • Tanuj Luthra elevated as chief business officer at CarDekho Group

    Tanuj Luthra elevated as chief business officer at CarDekho Group

    NEW DELHI: Auto-tech platform CarDekho Group has named Tanuj Luthra as its chief business officer, (CBO) marking a significant leadership elevation for the digital veteran with over two decades of experience in media, digital, banking, and telecom.. 

    Luthra, who joined CarDekho in 2023 as vice president – new auto, has since April 2025 (when he was named CBO) has been overseeing  the group’s entire business strategy, revenue leadership, and partnerships. His remit includes driving growth across digital ads, branded content, SaaS offerings, and white-label IPs, while accelerating the company’s digital transformation journey in the automotive space.

    A business engineer-turned-marketer with an MBA and a senior management programme from IIM Ahmedabad, Luthra has previously held key roles at Network18 and Star India, The Walt Disney Co, and Citibank. Known for cracking Rs 100-crore+ deals and pioneering brand-led content integrations, he has worked with top-tier brands including Dabur, Coca-Cola, Patanjali, and Alibaba.

    Industry insiders say Luthra’s mix of deal-making prowess, strategic acumen, and deep client relationships puts him in the driver’s seat to unlock the next chapter of growth for CarDekho.

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  • Wipro’s Srini Pallia brings in BPO veteran Kang; does business realignment

    Wipro’s Srini Pallia brings in BPO veteran Kang; does business realignment

    MUMBAI: In a bold corporate shuffle aimed at spicing up its business offerings, Wipro has appointed industry veteran Jasjit Singh Kang as managing partner & global head of its business process services  (BPS) division, effective 1 April.

    The appointment, which adds another heavyweight to chief executive and managing director Srini Pallia’s inner circle, comes as part of a larger organisational makeover designed to seduce clients with more integrated, AI-powered solutions. Kang will report directly to Pallia and join Wipro’s exclusive executive board in what the company coyly describes as “a new position.”

    Kang, who cut his teeth in the rough-and-tumble world of banking with stints at Citibank, Bank of America, and ANZ Grindlays, brings over 32 years of technology and business leadership experience to the role. He’ll take the reins of Wipro’s massive BPS operation, which employs a whopping 84,000 staff globally.

    Before being wooed by Wipro, Kang played the field with leadership roles at Alight, Aon India, WNS Global Services, and GE/Genpact. His CV boasts extensive experience in BPO setups, mergers and acquisitions, and technology transformation projects that would make lesser executives blush.

    The MBA holder from Central Queensland University also served as chairperson for Nasscom’s global in-house centres for the north India region, cementing his reputation as a player in India’s technology services scene.

    Meanwhile, Pallia has also taken Wipro through  a management reshuffle which forms part of the company’s broader strategic realignment around four global business lines to cater to client needs better:

    * Technology services: Nagendra Bandaru will lead this division, focusing on cloud-enabled and industry-specific technology solutions including digital and industry cloud, cybersecurity, data, analytics, and AI.
    * Business process services: The freshly appointed Kang will steer this ship, concentrating on digital operations and business process transformation.
    * Consulting services: Under Amit Kumar’s stewardship, this division will provide strategic advisory and transformation services to clients thirsting for innovation.
    * Engineering: Srikumar Rao will continue to head this division, providing engineering and R&D services.
    Meanwhile, Anne-Marie Rowland will maintain her grip on Capco, with no changes planned for this division.
    Jo Debecker, who previously led Wipro FullStride Cloud, has decided to pursue opportunities outside the company, marking the only executive departure in this round of reshuffling.

    “This evolution of our business lines will enable us to further sharpen our focus towards client needs with consulting-led and AI-powered solutions. This realignment will allow us to serve our
    clients better, enabling us to deliver tailored, high-impact transformation” said Pallia, who took over as Wipro’s chief last year.

    Industry analysts suggest the restructuring comes as tech consultancies worldwide feel the heat from generative AI, which threatens to disrupt traditional outsourcing and consulting models. With clients increasingly demanding integrated, outcome-driven solutions, Wipro’s reorganisation aims to position the company as a more agile dance partner in the rapidly evolving tech landscape.

  • HDFC Securities banks on Anand Mathur as its new CFO

    HDFC Securities banks on Anand Mathur as its new CFO

    MUMBAI: HDFC Securities, a wholly owned subsidiary of HDFC Bank, has appointed Anand Mathur as its new chief financial officer (CFO). With over 20 years of expertise in financial strategy, regulatory compliance, and operational efficiency, Mathur’s leadership is expected to further strengthen the company’s growth trajectory in the evolving stockbroking industry.

    Mathur has a distinguished career spanning key financial roles at HDFC Bank and Citibank India. Prior to his new role, he served as senior vice president for finance at HDFC Bank, where he played a pivotal role in driving strategic initiatives and financial planning. His tenure at Citi India involved overseeing financial strategy and local regulatory reporting, giving him a deep understanding of the banking and financial services sector.

    Mathur stated, “I’m thrilled to be stepping into this exciting new position at HDFC Securities. With a strong focus on financial strategy, operational efficiency, and innovation, I look forward to working with the talented team at HSL to drive sustainable growth and success. The stockbroking industry is full of opportunities, and I am eager to contribute towards maximising its potential.”

    HDFC Securities, managing director & CEO Dhiraj Relli welcomed Mathur’s appointment, emphasising his extensive financial acumen. “We are pleased to have Anand Mathur as our new CFO. His deep experience in financial strategy and regulatory oversight makes him the ideal choice to drive HDFC Securities forward. Anand’s leadership and vision will play a key role in strengthening our financial operations, ensuring sustainable growth, and enhancing value for our stakeholders.”

    Mathur’s appointment comes at a crucial time as HDFC Securities aims to further expand its market presence and enhance its offerings in India’s fast-evolving financial ecosystem. His experience in managing financial strategy, regulatory compliance, and digital transformation is expected to be instrumental in navigating the dynamic landscape of the broking industry.

    Prior to HDFC Bank, at Citibank India (2010-2012), he led financial strategy and managed regulatory reporting, gaining valuable insights into compliance and financial planning. His earlier stint at HDFC Bank (2005-2010) saw him overseeing core banking solutions implementation and Indian GAAP accounting, further solidifying his deep understanding of financial operations and governance.  
     

  • Pallavi Patil rejoins Madison Media as VP – insights & strategy

    Pallavi Patil rejoins Madison Media as VP – insights & strategy

    Mumbai: Madison Media, a unit of Madison World, is delighted to announce the return of Pallavi Patil as vice president – Insights & Strategy. In her new role, Pallavi will report to Madison Media & OOH group CEO Vikram Sakhuja.

    With over 19 years of experience in data science, insights, and strategic planning, Pallavi brings a wealth of knowledge and expertise. She previously spent six years at Madison and has also worked with leading companies such as Kinetic Worldwide, Nielsen, and Kantar TNS. Before rejoining Madison, Pallavi was associated with Dentsu – Posterscope. Her impressive portfolio includes handling renowned brands like Heinz, UTI Mutual Fund, Citibank, Vodafone Idea, MTS, Cadbury, Tata Motors, Audi, Levi’s, Samsung, Diageo and Google.

    Madison Media & OOH group CEO Vikram Sakhuja said, “We are thrilled to welcome Pallavi back to the Madison family. Her extensive experience and strategic expertise will be instrumental in driving innovation and delivering exceptional value to our clients.”

    Pallavi remarked, “I am excited to rejoin Madison Media and look forward to contributing to our clients’ growth and success through data-driven strategies and insights. It feels wonderful to be back and collaborate with such a talented and dedicated team.

    In the past year, Madison Media has seen a remarkable trend with nearly 50 ex-Madisonites rejoining the company. This surge of returning talent reflects Madison’s nurturing work culture, strong leadership, and exciting opportunities for professional growth. The agency’s ability to attract back former employees speaks volumes about the positive experiences and impactful work environment Madison provides.

  • HC dismisses Bytedance’s plea, directs it to deposit $11 million in dues

    HC dismisses Bytedance’s plea, directs it to deposit $11 million in dues

    NEW DELHI: In a major setback for TikTok developer ByteDance's India operations, the Bombay high court has dismissed its plea to unblock its bank accounts frozen by Indian authorities in an alleged case of tax evasion.

    The bench of justices SP Deshmukh and Abhay Ahuja, however, granted Bytedance the leeway to operate its bank accounts in HSBC and Citibank after depositing the dues allegedly owed by the company to the Goods and Services Tax (GST) authorities.

    The court has directed Bytedance to deposit around $11 million that tax authorities believe the tech company owes. The company would need to keep that amount blocked in a state-run bank and cannot use it for any other purpose.

    ByteDance has submitted that it does not owe the tax demanded by the Indian government and does not agree with the tax authority's decision to freeze its accounts. It further appealed that it needed access to the bank account in order to disburse salaries to its employees in India.

    Counsel for the Union government opposed the plea, stating that no interference was warranted from the court at this stage. Following the ban on its top moneymaker, TikTok, in India, tax authorities were apprehensive that due to failing business, Bytedance will "run away". Hence, the freezing of the firm's bank accounts was undertaken to safeguard the interests of the tax authorities.

    In mid-March, GST authorities had ordered HSBC Bank and Citibank in Mumbai to freeze accounts of ByteDance India as it probed some of the firm's financial dealings. The Chinese software developer challenged the move in court, saying the freeze amounts to harassment and was done illegally.

  • India’s freeze on bank accounts is harassment, ByteDance tells court

    India’s freeze on bank accounts is harassment, ByteDance tells court

    New Delhi: Video sharing app TikTok's parent company,ByteDance has told the Bombay high court that the government's decision to freeze its bank accounts in a probe of possible tax evasion amounts to harassment and was done illegally, Reuters reported on Sunday.

    The Chinese technology company had reduced its Indian workforce in January amid uncertainty over its future business in the country and its short-lived foray into one of the biggest markets. The decision came months after the government announced a ban on its popular video app TikTok which had amassed hundreds of millions of users in India. The ban was announced following a border clash between India and China.

    Reuters had reported that an Indian tax intelligence unit had ordered HSBC and Citibank in Mumbai to freeze bank accounts of ByteDance India in March, as part of its probe of the company’s financial dealings. The Chinese firm challenged the freeze in Bombay high court. The court declined to grant ByteDance immediate relief last Wednesday and listed the case for next hearing on 6 April.

    ByteDance India also told the court it has a 1,335-strong workforce, including outsourced personnel, and the account freeze has impacted the release of their March salaries. In the 209-page court filing lodged on 25 March accessed by Reuters, the Chinese company told the court that the "authorities acted against the company without any material evidence and gave no prior notice, as required by Indian law, before such drastic action". It further added, that “blocking accounts during the process of investigation amounts (to) applying undue coercion. It is intended, improperly, to harass the petitioner.”

    The Beijing-headquartered company is also facing global scrutiny over TikTok’s data collection practices.

  • Brands in US pause political donations after Capitol Hill episode

    Brands in US pause political donations after Capitol Hill episode

    NEW DELHI: Multiple brands in the US have decided to pause political donations to both Republicans and Democrats following Wednesday's Capitol siege. These include the likes of JPMorgan, Citibank, Facebook, and Microsoft.

    Media reports say that JPMorgan will pause all political funding for at least six months, Citibank for the remainder of the quarter, and Facebook for the next three months.

    Other companies that are following the suite include 3M, Dow, Marriott, and Morgan Stanley. These companies have expressed their discontentment around the Capitol Hill attacks and have stated that the focus of all the leaders should be on governing and helping those who need it. Some organisations have decided to suspend political contributions to representatives and senators who voted against the certification of Biden’s election last week.

    FedEx, Target, CVS Health, AT&T, and Walmart are among the companies currently reviewing their positions on political contributions

    Facebook told Axios it would pause political donations to the Democrats and the GOP for at least three months. The social media giant also indefinitely suspended Trump's Facebook account on Thursday, which will last at least until President-elect Biden is inaugurated on January 20.

    Microsoft is also freezing all political donations for the remainder of the quarter, Ashley Gold of Axios reported.

    The attack that took place last Wednesday left five people dead and several injured. There was an intense clash between the police authorities and local people after they were incited by the outgoing US president Donald Trump.

    People across the world condemned the attacks and social media platforms like Twitter and Facebook have suspended Trump’s account, citing the risk of him disturbing the peace in the country.

  • Rajiv Mathrani quits Star Sports

    Rajiv Mathrani quits Star Sports

    NEW DELHI: Rajiv Mathrani has decided to move on from Star Sports. He was serving as EVP & head, Star Sports marketing.

    Sources close to the development have confirmed the news.

    The news comes right after the high profile exit of Star Sports CEO Gautam Thakar.

    Mathrani joined Star Network in 2018, prior to which he was serving as chief brand and online officer at Airtel between 2015 and 2018. He has also worked at Pepsico between 2010 and 2015. During this stint, Mathrani worked on snacks category, beverages and innovation. He also worked on the Asia, middle east and Africa region.

    Mathrani has over two decades of experience and has also worked at Marico, Citibank and GSK.

    Along with Mathrani, two other top executives have also called it quits. Ashok Namboodiri who was working as executive vice president, business head – regional sports network and Rupali Fernandes executive vice president – emerging sports have put down their papers. While Namboodiri joined the network in 2016, Fernandes was associated with it for nearly two decades.
  • Partha Sinha joins the Times Group

    Partha Sinha joins the Times Group

    Mumbai: McCann India Managing Director and Vice Chairman Partha Sinha has joined the Times Group as President Response. He will focus on growing revenue and enable interaction between brands and content.

    An alumnus of IIT Kharagpur and IIM Ahmedabad, Sinha had dabbled in nuclear design engineering, banking, strategy and marketing. Before joining McCann, Sinha had worked with Citibank, Zee, Ogilvy, etc.

  • eBay engages consumer with live game on FB

    eBay engages consumer with live game on FB

    MUMBAI: Festive season is a busy time for Indian brands, especially the e-commerce players given the shopping spree the nation witnessed around the time. Thus it becomes important to brainstorm on new and unique ways to get the consumer’s attention; something different from the unbelievable discounts that is default of the season.

    eBay India’s doing so by hosting the first ever Facebook live gaming event for its consumers called Dhanbola (online tambola). Hosted by stand-up comedian Zakir Khan, Dhanbola went live on October 25, from 4:00-5:00 pm on eBay India FB page, and was witnessed by over 7000 people live.

    The concept of Dhanbola was simple: over 5.6 million consumers on ebay.in had gotten codes that entitled them to participate in live Dhanbola event, witth prizes such as MacBook Pro, an Apple iPhone 7 or a Philips Bluetooth speaker up for grabs.

    “Our festive season in India, which started on 15 September and will continue till Diwali, is the most important time of the year for our business. These forty five days have been packed with multiple activities, be it exclusive launches, new products and attractive offers and discounts,” shared eBay India marketing director Shivani Suri.

    This year, eBay is especially looking forward to the festive given a huge jump in their over all product selection on the platform. Compared to last year’s three crore products, this year the e-commerce player boasts of 10 crore products on the site.

    Thus, unlike its usual presence on the digital platforms, this year eBay has launched a TVC campaign as well, with a shelf life of around six weeks.

    The e-commerce player’s latest TVC campaign titled #ThingsDontJudge highlights the variety of products that eBay has to offer while also turning materialism on its head. The caption for the ad sums up the idea behind the advert. It states that “Don’t let the voices hold you back. eBay has products that don’t judge you for who you are or what you believe in. They say just one thing – Live and let live.”

    Tying the TVC’s message with the latest FB initiative Suri had earlier said “Our recently launched TVC campaign #ThingsDontJudge struck a chord with consumers from different walks of life. Dhanbola is yet another industry first from eBay India to not only deepen our engagement with consumers on a platform which is preferred by them but also to celebrate the spirit of the upcoming festivities.”

    Apart from ‘Dhanbola’, eBay shoppers will be given a chance to engage with the stand-up comedian through several additional activities. Consumers can challenge the host for either a ‘Truth or Dare’, and/or a real time “Roast the Host.”

    eBay offers consumers the option to make purchases via EMI through ICICI, Citibank and HDFC credit cards. All purchases are covered under the eBay Guarantee which ensures refund or replacement in case a consumer is unhappy with the purchase.