MAM
Reliance Jio president Sumit Chowdhury quits
MUMBAI: Telecom operator giant Reliance Jio Infocomm president Sumit D Chowdhury has decided to put down his papers from the telco to begin his new venture. Speaking to PTI, Chowdhury said, “I have quit to start my own venture. It is in the field of smart cities.”
Chowdhury had joined the company in September 2012 wherein he worked as the chief information officer (CIO) for a period of one year, before assuming a business leadership role. Here, he was responsible for building the ecosystem of companies that would help build solutions on top of Jio platforms and network to provide consumer services.
Chowdhury’s exit comes a month after its managing director Sandeep Das was shifted to its sister concern Reliance Retail. Last year in March, Arvind Rao who was looking after the innovation business and strategies for the company, put down his papers to pursue his own interest. Later in the year the company’s human resources head Steve Correa, also bid farewell to the company.
MAM
Dish TV shareholders approve three independent directors
99.49 per cent vote of confidence strengthens board as company expands into connected TV, e-commerce and OTT.
MUMBAI: Dish TV has just been served a near-perfect vote of confidence and the shareholders have dished it out in style. Shareholders of the DTH operator have approved the appointment of three new Independent Directors with an overwhelming 99.49 per cent approval. The three appointees are Mr Arun Kumar Kapoor, Ms Heena Naishadh Bhatt and Mr Ashok Anant Paranjpe.
The strong mandate reflects continued investor faith in the company’s strategy, disciplined execution and long-term value creation. It comes as Dish TV focuses on stabilising its core DTH business while actively scaling new verticals connected TV platform VZY, B2B e-commerce ShopZop, and OTT service Watcho to build a more diversified and resilient growth trajectory.
Dish TV India Limited, CEO & executive director Manoj Dhobhal said, “We are encouraged by the shareholders’ approval of the appointment of the Independent Directors and sincerely thank them for their continued trust and confidence. The Board is already benefiting from the Directors’ collective experience, which will further sharpen strategic focus and support disciplined execution.”
With a fresh, strengthened board in place, Dish TV is well positioned to navigate the evolving media landscape. In a sector where every percentage point matters, a 99.49 per cent thumbs-up is the kind of ringing endorsement that suggests the company’s recipe for the future is already tasting right.
