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Sterlite announces addition of JS Deepak to its Board of Advisors

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NEW DELHI: Sterlite Technologies Ltd (STL) today announced the appointment of JS Deepak to its Board of Advisors.

An IAS officer from the 1982 batch, Deepak will work closely with the STL leadership team and its Board of Directors to advise the company on its strategic roadmap.

For India to become Atmanirbhar in digital, it needs a seamless policy environment that leverages technology advancements to generate economic gains.

Deepak will counsel STL in key policy-related areas that can help India drive digital infrastructure investments and further the broadband goals outlined in National Digital Communications Policy.

A driver of technological adoption, JS Deepak has previously worked as Secretary Telecom and Secretary Electronics & Information Technology, Government of India. The first ever harmonization, sharing and trading of spectrum in India happened on his watch in 2016-17.

As Joint Secretary, Telecom from 2008-10, JS led the design and conduct of the first ever 3G/4G spectrum auctions in India.

He was also India’s Ambassador & Permanent Representative to the World Trade Organisation (WTO) at Geneva for 3 years and Additional Secretary, Commerce. He has an MBA degree from the Indian Institute of Management (IIM), Ahmedabad and pursued an advanced course in Health Communication from Johns Hopkins University, Baltimore, USA.

About working with the STL executive team,Deepak commented, “India is in a unique position to leapfrog with digital infrastructure. STL, with its strong capability to build future-ready networks and digital ecosystems, is set to define the digital journey of billions in India and across the globe. It is very exciting to work with such a forward-looking company centred on innovation and help it create and implement growth strategies.”

Speaking on Deepak’s appointment, KS Rao, CEO, Network Software and Services Business, STL, said: “STL has been building digital infrastructure across the country for rural and urban citizens, telecom and defence networks. A conducive policy environment will surely pave the way for making India an Atmanirbhar, digital leader. I would like to welcome JS Deepak who has been an agent of positive change across his career in ministries, regulatory bodies, and as a representative of India at WTO. I am joined by the STL leadership in welcoming him and we look forward to his counsel.”

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Appointments

Justice Vikramjit Sen to head Digital Media Content Regulatory Council

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NEW DELHI: The Indian Broadcasting Foundation (IBF) on Monday announced the appointment of former Supreme Court judge Justice Vikramjit Sen as the Chairman of its newly formed self-regulatory body Digital Media Content Regulatory Council (DMCRC).

Besides, six other eminent industry members which include filmmaker Nikkhil Advani, writer and director Tigmanshu Dhulia, filmmaker and writer Ashwiny Iyer Tiwari, content producer and distributor Banijay Group CEO and founder Deepak Dhar would also be part of the self-regulatory body, IBF said in a statement.

This Council also includes – Sony Pictures General Counsel Ashok Nambisan and Star and Disney India Chief Regional Counsel Mihir Rale, it added.

“The Council constitutes prominent personalities from the Media & Entertainment industry and Online Curated Content Providers (OCCPs), with experience in IPR, programming and content creation,” it said.

IBF, the apex body of broadcasters, had last week announced to expand to cover digital streaming platforms and is soon going to be renamed as Indian Broadcasting & Digital Foundation (IBDF).

The move was done to bring together the broadcasters and OTT (over-the-top) platforms. It had also announced a self-regulatory body DMCRC for digital OTT platforms.

“The self-regulatory body which is formed as per the mandate of the Information Technology (Intermediary Guidelines and Digital Media Ethics Code) Rules, 2021 with active consultation amongst the creative industry fraternity is expected to create a credible, robust and practical code for content, with an inclusive and fair governance structure,” said IBF.

Commenting over the development IBF President K Madhavan said this is a historical moment for the stakeholders — media and entertainment industry, the policymakers and the subscribers of the OTT platforms.

“I look forward to working with the Council whose mandate is to ensure freedom of expression of the Indian creative industry as well as help the discerning audience of the OTT platforms to have unhindered access to world-class and differentiated content,” he said.

IBF represents television broadcasting and its members provide channels and programmes that deliver about 90 per cent of television viewership in India.

The Indian subscription video-on-demand industry is witnessing faster growth and it has been further expedited after the pandemic. It is expected to have the fastest growth in the media and entertainment sector for next coming years.

According to a The PwC Global Entertainment & Media Outlook 2020-2024, the Indian Media & Industry sector is expected to grow at a 10.1 per cent compound annual growth rate to reach USD 55 billion by 2024.

In terms of individual segment market size as a percentage of total industry revenue, OTT video is expected to see the largest gain and reach 5.2 per cent by 2024, it said.

Source: Press Trust of India

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Appointments

HCL Infosystems names Alok Sahu as CFO; to succeed Kapil Kapur

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NEW DELHI: HCL Infosystems on Wednesday said its Chief Financial Officer Kapil Kapur has resigned from the company.

The company’s Board of Directors has named Alok Sahu to succeed Kapur for the position of CFO with effect from June 1, 2021, a regulatory filing said.

“… we submit that Mr KapilKapur, CFO of the company has informed the company about his resignation from the said position with the company with effect from the closing hours of May 31, 2021 to pursue other opportunities & interests,” it said.

Alok Sahu, a chartered accountant by profession, is a finance professional who has over 25years of experience in spearheading financial and accounting functions, the filing said.

He has been associated withHCL Infosystems since 1995.

Source: Press Trust of India

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Appointments

LTI appoints Anil Rander as its Chief Financial Officer

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NEW DELHI: Larsen & Toubro Infotech, a global technology consulting and digital solutions company has appointed Anil Rander as its Chief Financial Officer.

Anil is a seasoned finance leader with more than 27 years of multifaceted experience in driving business performance and growth. His expertise ranges across business and financial strategy formulation, fiscal management, corporate accounting, investor relations, pricing, risk management, internal audit and financial controls.

Sanjay Jalona, CEO & Managing Director, LTI, said “The role of CFO is evolving rapidly, and I am pleased to welcome Anil to our leadership team at this critical juncture in our journey. His financial leadership and business acumen will enable us to chart the next phase of growth for LTI. We remain committed to pushing industry benchmarks on business excellence.”

Anil joins LTI from Tech Mahindra where he was the Senior Vice President for Finance and Legal functions and Global Head of Finance for BPS. Before this role, Anil was with Hutchison Max Telecom Ltd where he looked after management accounting. His other stints have been with Alpic Finance and A.F. Ferguson & Co.

Anil is a Chartered Account, Cost Accountant and a Company Secretary. He has won multiple industry accolades for outstanding contributions during his illustrious career. He will be based out of LTI’s headquarter in Mumbai, India.

 

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