MAM
Broadcasters set to challenge Trai regulation on ads
NEW DELHI/MUMBAI: Irate with the Telecom Regulatory Authority of India (Trai) for its order on restricting advertisements to 12 minutes to the clock hour, broadcasters are burning the midnight oil to work out steps they can possibly take.
Sources say senior officials of the Indian Broadcasting Foundation (IBF), which represents the general entertainment channels, today held day-long discussions with legal experts in Mumbai and Delhi on whether the regulations which have already been notified can be challenged in Court.
The News Broadcasters Association (NBA) representing the news channels are also working out their plan of action.
Though neither of the two have issued any formal reaction, it is understood that both are in the process of working out their reaction to the press keeping in perspective the argument given by a Trai official that most channels would be able to make their revenue through subscriptions after digitisation and, therefore, it would not be fair to impose advertising on the consumer who is paying for the channels he sees.
“The IBF and the NBA will soon take up with the relevant bodies the Trai regulation on ad duration on TV channels. We will share our point of views. Like there is a sunset time of three years given for digitisation in the country, sufficient time should be given to channels for capping ad time,” says TV Today Network chief executive officer Joy Chakraborthy.
Besides the 12-minute cap per hour, Trai has said part-screen and drop-down advertisements shall not be permitted. This piece of regulation is sure to hurt news and sports broadcasters.
Says Zee News Ltd. chief executive officer Barun Das, “We are looking into the issue and will decide on what course of action to take.”
According to an official in the Advertising Standards Council of India, since the regulations were about timing and not content, Asci did not want to react. This was also the reason for India‘s advertising watchdog not to give any reaction when Trai had asked all stakeholders to voice their views.
The broadcasters are likely to approach the Tdsat, industry sources say.
Brands
Muthoot FinCorp names Arun Kumar COO & Harjit Singh Takkar chief distribution officer
Leadership hires to boost operations and widen pan-India reach
THIRUVANANTHPURAM: Muthoot FinCorp has strengthened its top deck with the appointment of Arun Kumar B as chief operating officer and Harjit Singh Takkar as chief distribution officer, sharpening its focus on scale, speed and service as it pushes into its next phase of growth.
The flagship financial services arm of the 138-year-old Muthoot Pappachan Group, popularly known as Muthoot Blue, is expanding both muscle and mindset. With more than 3,750 branches nationwide and its digital platform, the Muthoot FinCorp ONE app, the company is betting on tighter execution and wider reach to stay ahead in an increasingly competitive lending market.
Arun Kumar B steps in with nearly two decades of experience cutting across financial services, technology transformation and customer analytics. He previously worked with CreditAccess Grameen, where he led enterprise-wide technology and data strategy initiatives and played a pivotal role during a major merger in the microfinance space. His work spanned integrating operations and products while scaling lending and non-credit offerings such as insurance and pensions.
At Muthoot FinCorp, Arun will steer operational excellence and strategic growth initiatives, aligning teams and processes to deliver sharper efficiency across the business. A gold medallist from Anna University and a postgraduate from IIM Indore, he also holds certifications in design thinking, Blue Ocean Strategy and business analytics.
Harjit Singh Takkar takes on the newly created role of chief distribution officer, reporting directly to the chief executive officer. The position is designed to energise the company’s distribution engine and bring greater governance and agility across its branch network.
Takkar brings over 28 years of retail banking experience, having held senior leadership roles at IndusInd Bank, Bandhan Bank, Yes Bank and ICICI Bank. Known for scaling branch networks and building high-performing teams, he combines distribution expertise with governance depth as a qualified company secretary with a master’s degree in finance and control.
In his new role, Takkar will oversee branch business and distribution channels, with a clear brief to expand reach, lift productivity and reinforce the company’s pan-India presence.
Commenting on the appointments, Muthoot FinCorp Ltd. chief executive officer Shaji Varghese, said the company continues to invest in leadership as it scales. “Our purpose is to improve the financial well-being of the common man. As we grow, strengthening leadership across key functions is important to ensure consistency in execution and customer experience,” he said.
With complementary strengths in operations and distribution now in place, Muthoot FinCorp appears set to move from steady expansion to sharper acceleration, backed by people, process and technology working in concert.
