MAM
Testing Times: Zee-Bhaskar seek damages over media campaign
NEW DELHI/MUMBAI: After reporting news, media companies are making news. Literally.
The Subhash Chandra-promoted Essel group and Bhopal-based Bhaskar group have dragged the big daddy of news paper business, Bennett, Coleman & Co. Ltd, publishers of Times of India and Economic Times, to court over breach of copyright laws relating to a media campaign and sought Rs. 1,000 million in damages, apart from an apology.
The civil suit, filed by the Essel-Bhaskar combine through Diligent Media in Mumbai high court, was heard today.
The petitioner has claimed that its advertisement campaign for a proposed print medium product — `SPEAK UP, ITS IN YOUR DNA (Daily News and Analysis)’; was “hijacked” by the Times of India group to suit a campaign for Maharashtra Times, a publication of the Times group. It has also been stated that the action of the rival amounted to infringement of copyright laws with a view to derive “unfair business advantage.”
When contacted, Essel Group vice-president Ashish Kaul said, “It certainly was disappointing to see a group of repute indulge in unfair practices.”
When contacted, The Times of India brand director Rahul Kansal says, “TOI has chosen not to comment on this issue for the time being until we formulate what we want to say in this matter.”
The matter came up for hearing today in the court of Justice D.G.Karnik. The counsel for the defendant (TOI group), while stating that the plaintiff had offered not to pursue any legal action through a letter dated 29 March if an unconditional apology is tendered, requested time till 4 April from the court to consider the offer.
According to information available the court heard both the sides and directed Bennett Coleman & Co Ltd not to issue any further advertisements similar or of the same nature as that of the plaintiff. The matter will be heard on Monday.
The Essel-Bhaskar combine, which had announced plans of launching Hindi and English newspapers, had plastered the whole of Mumbai with a teaser campaign that had a picture of a man with the tag line `Speak up, It’s in your DNA.’ Reportedly, the TOI group hurriedly unveiled a campaign, prepared late last week, for a regional newspaper and added the words `Maharashtra Times’ to the DNA tagline to read `Speak Up, it’s in your DNA— Maharashtra Times.’
Brands
YES Bank hands the keys to SBI veteran Vinay Tonse as it bets on a new era
Former SBI managing director appointed as YES Bank’s new MD and CEO
MUMBAI: YES Bank is done rebuilding. Now it wants to grow. The private sector lender has appointed Vinay Muralidhar Tonse as managing director and chief executive officer-designate, with RBI approval secured and a start date of April 6, 2026 confirmed. The three-year term signals the bank’s intent to shift gears from crisis recovery to full-throttle expansion.
Tonse, 60, is no stranger to scale. Most recently managing director at State Bank of India, he oversaw a retail book of roughly $800bn in deposits and advances, one of the largest in the country. Before that, he ran SBI Mutual Fund from August 2020 to December 2022, a stint that saw assets under management surge from Rs 4.32 lakh crore to Rs 7.32 lakh crore across market cycles. Add stints in Singapore and four years leading SBI’s overseas operations in Osaka, and the incoming chief arrives with a genuinely global CV.
His academic grounding is equally solid: a commerce degree from St Joseph’s College of Commerce, Bengaluru, and a master’s in commerce from Bangalore University.
The appointment follows an extensive search and evaluation process by the bank’s Nomination and Remuneration Committee. NRC chairperson Nandita Gurjar said the committee unanimously backed Tonse, citing his leadership track record, governance credentials and ability to drive the bank’s next phase of transformation.
Non-executive chairman Rama Subramaniam Gandhi was unequivocal. “I am certain that Vinay Tonse, with his vast experience as a senior banker, will propel YES Bank to its next phase of growth,” Gandhi said, adding that the bank remains focused on strengthening its retail and corporate banking franchises and expanding its branch network.
Rajeev Kannan, non-executive director and senior executive at Sumitomo Mitsui Banking Corporation, the bank’s largest shareholder, said Tonse’s experience across retail, corporate banking, global markets and asset management positioned him well to lead the lender. SMBC said it looks forward to working with Tonse and the board as YES Bank pursues its ambition of becoming a top-tier private sector lender anchored in strong governance and sustainable growth.
Tonse succeeds Prashant Kumar, who took the helm in March 2020 when YES Bank was in freefall following a severe financial crisis, and spent six years painstakingly stabilising the institution, rebuilding governance and restoring operational scale. Gandhi was generous: “The bank remains indebted to Prashant Kumar, who is responsible for much of what a strong financial powerhouse YES Bank is today.”
Tonse, for his part, struck a purposeful note. “Together with the board and my colleagues, I remain deeply committed to creating long-term value for all our stakeholders,” he said, pledging to build on Kumar’s foundation guided by his personal motto: Make A Difference.
Beyond the balance sheet, Tonse played cricket at college and club level and represented Karnataka in archery at the national championships — sports he credits with teaching him teamwork, situational leadership, discipline and focus. In quieter moments, he reaches for retro Kannada music, classic Hindi songs, and the crooning of Engelbert Humperdinck, Mukesh and Kishore Kumar.
YES Bank has its steady-handed rebuilder in Kumar to thank for survival. Now it has a scale-obsessed growth banker at the wheel. The next chapter starts April 6.
