MAM
Uday Kotak steps down as MD, CEO of Kotak Mahindra Bank
Mumbai: Uday Kotak has stepped down from the position of managing director (MD) & chief executive officer (CEO) of Kotak Mahindra Bank effective 1 September, the bank mentioned in a BSE filing on Saturday.
His resignation was accepted at a board meeting held by the bank on Saturday. Uday Kotak is now a non-executive director of the bank.
In the interim, the joint managing director, Dipak Gupta, will carry out the duties of the MD and CEO until 31 December, subject to the approval of the Reserve Bank of India (RBI) and the members of the bank.
Uday Kotak is the founder and promoter of the bank and has been the MD and CEO of Kotak Mahindra Bank Limited (earlier known as Kotak Mahindra Finance Limited) since 1 August 2002. He has played a significant role in the institution’s growth over the past 38 years.
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.
