eNews
India ready for data revolution with 350 million plus Net users: Minister
NEW DELHI: India’s Telecoms minister Manoj Sinha has said the sector had been growing at a phenomenal pace and was considered as the fastest growing telecom market in the world with the second largest subscriber base with more than 1060 million connectivity, 160 million broadband connections and 350 million plus internet users.
India is ready for another digital and data revolution, the minister said while inaugurating the 8th Telecom Export Promotion Council’s Buyer-Seller meet earlier this week here.
(India’s mobile phone revolution has been spurring many media players, global and domestic, to enter the OTT space despite challenges. It is also expected that, with the introduction of 4G technology, the market for streaming video will grow in India.)
Sinha said the rapid growth of the telecoms sector has fuelled the demand for telecom equipment, including mobile phones, which was worth about $ 20 billion in 2015-16 and is estimated to exceed $ 30 billion by 2020.
Sinha added that India has all the ingredients of a globally competitive telecom industry like a large domestic market, world class talent, focus on R&D and IPR creation, beside a robust framework for electronic manufacturing, including set-top boxes used in a variety of telecoms and broadcast services.
According to the Minister, Indian manufacturers have already made significant strides in exports of IT and telecom products to several countries and established that Indian IT and telecom products are of world-class quality and globally competitive on technology and price.
The massive thrust on ‘Make in India’ and ‘Digital India’ initiatives offers a large opportunity for creation of innovative products and services and India is poised for another digital and data revolution.
Sinha told the representatives from 28 participating countries from South Asia, South-East Asia, the Caribbean, Latin America and Africa that India holds the distinction of being the fastest growing telecom network, especially with advent of increased broadband penetration.
Meanwhile, joining issue with his colleague, Electronics and IT minister Ravi Shankar Prasad said that, during the last fiscal ending March 2016, the sector recorded an export of $ 108 billion, which is around 45 per cent of services export from India. The sector gave direct employment to 3.7 million people and around 200,000 additional employment was created in just the past year.
Prasad said the prime minister Narendra Modi’s government was determined to create a knowledge-based society to “improve effeciency and reach of the services.”
He said unlike industrial revolution (that India missed), the country was all set to take lead in the ongoing digital revolution.
eNews
Piyush Thakur steps down as Inshorts’ chief revenue officer
Former vice president and cro says exit marks a new chapter after close to a decade of building revenue and partnerships at Inshorts Group.
NOIDA: Piyush Thakur has stepped away from Inshorts Group after nearly 10 years with the company, marking the end of a long tenure that culminated in his role as chief revenue officer.
In a farewell note, Thakur said he was “turning a new page” after almost a decade at Inshorts, calling it one of the hardest professional decisions he has made. He added that his exit was not driven by uncertainty about the future, but by reflection on a long association with the company.
Thakur joined Inshorts in October 2016 as vice president and spent around seven years in the role before being elevated to chief revenue officer in April 2024, a position he held until April 2026.
He said his tenure was defined by “thousands of mornings, late nights, product debates and breakthrough moments”, as the company evolved into a large-scale digital news platform used by millions.
In his note, Thakur emphasised that Inshorts’ growth was a collective effort across teams, adding that engineers, designers, sales teams and customer support staff all contributed to building the platform. He said the company’s success was not the result of individuals but of “everyone who stayed, passed through, and left their mark”.
Before Inshorts, Thakur worked across several digital media and business development roles. At ESPN, he served as senior regional manager from October 2015 to October 2016, focusing on growth initiatives, strategic opportunities and video distribution.
At Times Internet, he worked for nearly three years, including as head of business development from April 2015 to September 2015 and chief manager from January 2013 to March 2015. His responsibilities included monetisation of mobile platforms, managing media and developer partnerships, and driving revenue across digital properties such as The Times of India and The Economic Times.
Earlier, he worked at Brandmovers as head of business development from June 2012 to June 2013, handling digital, mobile and social media marketing solutions, client development and strategic consulting. During this period, he also worked on advertising revenue, brand strategy and CRM-based solutions.
At Inshorts, Thakur’s role focused on revenue strategy, mobile and media partnerships, and growth initiatives across platforms. His profile highlights experience in mobile product management, digital business models, partner ecosystems and revenue expansion in high-growth environments.
