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Tag: JP Morgan

  • Sportz Interactive plays a power shot with GenAI-first leadership revamp

    Sportz Interactive plays a power shot with GenAI-first leadership revamp

    MUMBAI: Sportz Interactive (SI) is changing its game plan and it’s going big on both people and pixels. In a strategic shake-up aimed at fuelling its global expansion and pivoting to a GenAI-first future, the sports tech specialist has unveiled a bolstered leadership line-up spanning product, technology, delivery, HR, and business functions.

    At the core of this formation is a three-pronged attack:

    . Sanket Sawkar, SI’s chief product & innovation officer and a 23-year company veteran, will steer the product vision and innovation strategy, designing fan engagement tools to meet the ever-shifting demands of sports organisations.

    . Monojit Banerjee, the new chief technology officer, arrives with stints at JP Morgan, Amazon, and Razorpay, tasked with building secure, scalable engineering platforms to underpin SI’s ambitious product roadmap.

    . Ravi Ranjan, chief delivery officer and Agile delivery specialist from Capgemini and Thoughtworks, will ensure SI’s projects cross the finish line on time and at peak performance.

    Adding people power to the playbook, Himanshu Kapadia joins as SI’s first chief human resources officer, bringing experience from Disney, HDFC, and DBS to foster a high-performance, people-first culture.

    CEO Siddharth Raman called the move a “pivotal moment”, highlighting SI’s strengthening foothold in the UK and Europe, backed by its track record with marquee sports organisations in India. The reshaped leadership, he said, “will help us lead with digital foresight, build for a GenAI-first world, and deliver transformative impact for our partners.”

    With its enhanced bench strength, SI looks set to turn its strategic vision into a winning season, one where innovation, agility, and AI are all playing for the same team.
     

  • Standard Chartered India ropes in P.D. Singh as new CEO from April 2025

    Standard Chartered India ropes in P.D. Singh as new CEO from April 2025

    MUMBAI: Standard Chartered has announced the appointment of P.D. Singh as its chief executive officer (CEO) for India, effective 1 April 2025. Singh will succeed Zarin Daruwala, who is set to retire on 31 March 2025, after an illustrious tenure at the helm.

    Bringing nearly 30 years of experience in banking and finance, Singh holds a double MBA alongside an engineering degree. His career spans leadership and coverage roles across top European and American banks, making him a formidable force in the industry.

    Before joining Standard Chartered, Singh served as CEO of JP Morgan Chase Bank NA India. Prior to that, he spent a decade at HSBC, where he held multiple leadership roles in corporate and commercial banking.

    With deep industry knowledge and a track record of steering financial institutions to success, Singh’s leadership is expected to drive innovation, strengthen client relationships, and accelerate Standard Chartered’s growth in India. His global exposure positions him well to navigate the evolving financial landscape while ensuring continuity and stability.

    As Daruwala prepares to retire, Standard Chartered acknowledges her significant contributions to the bank’s success in India. Under her leadership, the bank witnessed remarkable expansion and innovation, solidifying its position in a competitive market.

    Singh’s appointment signals a bold step towards the future, reinforcing Standard Chartered’s commitment to leadership in India’s dynamic banking sector.

  • CarTrade secures Rs 950 crore funding for expansion in online auto industry

    CarTrade secures Rs 950 crore funding for expansion in online auto industry

    MUMBAI: Indian online auto classifieds platform CarTrade has raised Rs 950 crore led by Temasek, an investment company based in Singapore, and March Capital, a global venture investment firm.

    Existing investor Warburg Pincus, a private equity firm focused on growth investing, also participated in the process. This injection of capital will be utilised to diversify and strengthen CarTrade’s offerings for consumers and dealers.

    Following its recent combination with Carwale, CarTrade has also strengthen its presence in the market. “It has over 32 million visits per month and work with approximately 10,000 new and used car dealer partners. The platforms list more than 225,000 used cars for sale and auctions over 250,000 vehicles to the wholesale market every year. CarTrade and CarWale jointly contribute to a majority of all online sales for  car dealers and car manufacturers,” the company said in a statement.

    “We are extremely happy to have Temasek and March Capital on board as partners together with existing investor, Warburg Pincus. This investment is a validation of CarTrade’s business model and growth plans in the Indian online auto space. The funds raised shall be used to further expand our services organically and through acquisitions. We will continue to focus on products, services and strengthening our world class technology capabilities and platforms, to deliver a seamless online experience for auto enthusiasts across the country,” said CarTrade founder and chief executive officer Vinay Sanghi.

    CarWale CEO Mohit Dubey added, “These are exciting times for us as the e-commerce sector is at a broad confluence of multiple macro trends. We are very excited about the opportunities presented by sector in India and are well positioned to leverage these opportunities. At this stage of growth we welcome Temasek and March Capital and this new financing will provide CarTrade with a strong foundation for future growth.”

    March Capital managing director Sumant Mandal said, “At March Capital we believe that the greatest companies oftomorrow are being built now. CarTrade has developed a unique and a world class platform for transacting in new and used vehicles. A leader in its segment, it has steadily expanded its offerings across India and today has an extremely strong network dealer partners with a rapidly growing user base. We continue to be impressed by the team’s dynamism, passion, energy and vision and look forward to working closely with the team to support the company in achieving its growth ambitions.”

    Existing investors of CarTrade, which was founded by Vinay Sanghi in 2009, include Warburg Pincus, JP Morgan and Epiphany Ventures.

  • Subhash Chandra bestowed with Honorary Doctorate degree

    Subhash Chandra bestowed with Honorary Doctorate degree

    MUMBAI:  Zeel (Zee Entertainment Enterprises Ltd) and Essel Group, chairman Subhash Chandra received the Honorary Doctorate of Business Administration from the University of East London (UEL) for his instinctive ability to venture in to new businesses and make them successful.

    Chandra received the Doctorate from the University of East London Chancellor Lord Gulam Noon, himself a leading NRI entrepreneur, at a ceremony for its Royal Dock Business School graduates

    The citation presented at the event noted, “at the age of 17, Subhash Chandra steered his grandfather’s business back to stability and from Essel it became Essel Group of industries.”

    Chandra was privileged to have been considered for the honour. While accepting the award, he thanked the entire senior management team at the Royal Dock Business School. “It is indeed a privilege to be recognised outside one’s country, and in the presence of such highly acclaimed and respected individuals. I thank you all for bestowing this prestigious award that I feel honoured to receive,” he said.

    The recognition that Chandra has got isn’t just good for him but will also add a feather to the crown of Zeel and the entire Essel Group. Launched in 1992, brand Zee has earned a global recognition in its reign over the media and entertainment industry for the past 20 years.

    Now, on 21 November, Chandra will deliver a keynote speech at AsPIRE, the annual event hosted by JP Morgan at Lord’s to promote Asian-Pacific global leadership. He will take the audience through his life journey from humble beginnings in India to becoming a global billionaire. He will reveal his role models and advise on implementing ideas into successful business operations.

  • CNBC-TV18 to launch Business Trivia Challenge

    MUMBAI: JP Morgan Asset Management is launching a three-month long business quiz contest Business Trivia Challenge to be run simultaneously on CNBC-TV18 and moneycontrol.com.

    Business Trivia Challenge will have five shows each day with a business trivia question posed to viewers. Winners will receive CNBC-TV18 signature golf accessories, a weekly bumper cash prize of Rs.100,000 and gift vouchers from Homeshop18 and yatra.com.

    TV18 business media director Ajay Chacko said, “There is also need to create interactive and entertaining properties so as to improve viewer involvement levels and deliver a value-added experience to the viewers.”