MAM
Hugh Marks resigns as CEO of Nine Entertainment
MUMBAI: Hugh Marks has resigned as CEO of leading Australian media conglomerate Nine Entertainment. His departure was announced on Monday.
The 54-year-old will "actively continue" in his role as group CEO till his exit sometime during the second half of the current fiscal, i.e. June 2021. Meanwhile, the board has already begun looking for a replacement for Marks.
“When I was appointed CEO five years ago, my brief was to lead the transformation of what was then a television business to a digitally-based media company. We have achieved so much in that time frame. Bringing together three legacy media businesses, each with their own structural challenges, and investing in the assets that will ensure our position at the forefront of Australia’s media future,” Marks said in a statement.
During his time at the company, Nine acquired Fairfax Media, a newspaper and TV group that owned the other half of streaming platform Stan not owned by Nine. The company also acquired Macquarie Media. These are now known as Nine Publishing and Nine Radio.
For the 12-month period to end-June 2020, Nine reported losses of $419 million on revenue of $1.60 billion. Profits for continuing businesses were $117 million, a drop of 19 per cent.
Marks added, “Nine’s suite of assets today – with Stan, 9Now and Domain complementing our core broadcasting and publishing businesses – is second to none in Australia. With almost 50 per cent of our earnings sourced from our digital assets providing a clear growth profile for the company. I am confident this is an opportune time to announce my retirement."
Brands
Hyundai and TVS Motor partner to develop electric three wheelers
Joint development pact targets last mile mobility with localisation push
MUMBAI: Three wheels, one big ambition and a charge towards the future. Hyundai Motor Company and TVS Motor Company have signed a joint development agreement to co-create electric three-wheelers (E3Ws), aiming to crack India’s complex last-mile mobility puzzle. The collaboration moves beyond concept talk into execution mode, building on the E3W prototype first showcased at the Bharat Mobility Global Expo 2025. The goal now is clear, design, develop and commercialise a purpose-built vehicle tailored to Indian roads, riders and realities.
Under the agreement, Hyundai will lead design and co-development, bringing its global R&D muscle and human-centric engineering approach to the table. TVS Motor, meanwhile, will anchor the product on its electric platform, leveraging deep three-wheeler expertise and local market insight. It will also handle manufacturing and sales in India, with an eye on exports down the line.
The timing is strategic. India remains the world’s largest three-wheeler market, where affordability, durability and adaptability often outweigh sheer innovation. The upcoming E3W aims to strike that balance combining advanced technology with practical features such as adaptive ground clearance for monsoon-hit roads, improved thermal management for tropical climates, and flexible interiors suited for passengers, cargo or emergency use.
A key pillar of the partnership is localisation. Major components will be sourced and manufactured within India, a move expected to strengthen the domestic supply chain, create jobs, lower costs and improve after-sales support.
The shift from prototype to production will involve rigorous testing, certification and refinement to meet regulatory standards and consumer expectations. Dedicated cross-functional teams from both companies are already in place to accelerate timelines.
At a broader level, the tie-up reflects a growing trend in mobility, global players partnering with local specialists to navigate emerging markets. For Hyundai and TVS, the bet is that combining scale with street-level insight could unlock a new chapter in sustainable urban transport, one that runs not just on electricity, but on relevance.
