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Kotak Mahindra Bank elevates Nilesh C. to CTO
MUMBAI: Kotak Mahindra Bank has promoted Nilesh C. to the role of chief technology officer, handing him the keys to the bank’s entire technology engine. The elevation marks a significant step up within the leadership ranks and signals a wider, more unified approach to digital strategy.
Nilesh moves into the CTO chair after serving as CIO and president for wholesale, commercial, and enterprise technology, where he played a central role in shaping the bank’s corporate and commercial tech backbone. His work focused on building systems that could keep pace with the bank’s expanding business, while ensuring reliability at scale.
In his new role, he will oversee the bank’s end-to-end technology agenda, covering digital innovation, platform modernisation, and enterprise engineering standards. The position places him at the heart of Kotak’s push to sharpen its digital edge and streamline operations across business lines.
Before joining Kotak, Nilesh held senior technology leadership roles at Barclays, including CIO for global payments and managing director for retail banking technology. Earlier in his career, he spent several years at JPMorgan Chase, where he served as executive director across technology functions.
His professional journey also includes stints at IDFC Bank and Citi, where he worked on core banking platforms, payments, cash management, and large-scale technology rollouts across multiple regions.
With more than two decades in financial technology, Nilesh’s rise to CTO reflects both his long track record and Kotak’s intent to put technology at the centre of its growth story.
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Hyundai Venue crosses 1 lakh bookings, adds HX8 Diesel AT variant
New top-spec automatic diesel trim brings ventilated seats, OTA updates and paddle shifters.
MUMBAI: Hyundai Venue just hit the jackpot and upgraded the prize because when you cross 1 lakh bookings, you don’t just celebrate, you throw in paddle shifters and ventilated seats for the ride. Hyundai Motor India Limited (HMIL) announced that the all-new Hyundai Venue has achieved 1 lakh bookings, cementing its strong position in the compact SUV segment. To mark the milestone and further enhance customer choice, the company introduced the new HX8 Diesel Automatic (AT) variant.
The HX8 Diesel AT is powered by the proven U2 1.5L CRDi diesel engine paired with a 6-speed automatic transmission. It adds a host of premium comfort, safety and convenience features, including:
- Ventilated front seats
- Dual-tone leatherette seats with VENUE branding
- Electric 4-way driver seat adjust
- Controller Over-the-Air (OTA) updates
- Hyundai Bluelink connected car technology
- Electric parking brake with auto hold
- Rear disc brakes
- Ambient lighting on crash pad and central console
- Drive mode select (Eco, Normal, Sport)
- Traction control modes (Sand, Mud, Snow)
- Paddle shifters
HMIL, managing director & CEO Tarun Garg said, “We are delighted that the new Hyundai Venue has crossed 1 lakh bookings, reaffirming the strong trust Indian customers place in our brand. The introduction of the new HX8 Diesel Automatic variant further strengthens the Venue lineup, offering customers the perfect blend of diesel efficiency, torque-rich performance and effortless convenience.”
Backed by Hyundai’s extensive sales and service network, the Venue continues to appeal to buyers seeking a feature-rich, comfortable and future-ready compact SUV. The new variant reinforces HMIL’s focus on delivering advanced technology, safety, comfort and value while adapting to evolving customer preferences.
In a segment where bookings are the real horsepower, Hyundai isn’t just counting milestones, it’s handing drivers an automatic upgrade that makes every journey feel like the victory lap.
