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Piramal Retail CEO Jagdeep Mallareddy set to join IndusInd Bank
MUMBAI: IndusInd Bank is reshuffling its retail deck. Jagdeep Mallareddy, currently chief executive of retail lending at Piramal Finance, is set to jump ship to head the bank’s consumer finance business, as it sharpens its retail ambitions.
The move, confirmed by people familiar with the matter, places Mallareddy at the centre of IndusInd’s consumer-banking drive. He will oversee both the asset and liability sides of retail banking at the Hinduja Group-promoted lender—two levers seen as vital to its retail pivot.
The hire is understood to be a strategic call by Rajiv Anand, IndusInd’s chief executive, and comes as the bank looks to accelerate retail growth in a competitive market. Mallareddy and Anand have worked together before at Axis Bank, giving the appointment a note of familiarity as well as intent.
At Piramal Finance, Mallareddy has been steering retail lending, building experience in consumer credit and distribution. That background now travels to a bank eager to bulk up its consumer franchise.
For IndusInd, the message is clear: retail is back in fashion, and seasoned bankers are in demand. As lenders chase granular growth and stickier deposits, consumer finance has become the new battleground. Mallareddy walks into the fray with a broad mandate—and a bank betting that retail, done right, can still brew profits.
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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.
