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News on Medial
Zee CTO Nitin Mittal quits as company streamlines tech vertical
Livemint
·
1y ago
Medial
Zee Entertainment Enterprises Ltd has announced the resignation of its President and Group Chief Technology Officer, Nitin Mittal. This comes amidst strategic changes in the technology and data vertical by the company's managing director and CEO, Punit Goenka. The resignation follows Rahul Johri, the president of business, who also recently quit the company. Zee Entertainment is implementing a new structure to focus on accountability, results, and cost-effectiveness. The company aims to enhance its return on investments and recover margins through cost-cutting, reducing overlaps, and improving quality.
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Zee CTO Nitin Mittal quits
Thehindubusinessline
·
1y ago
Medial
Nitin Mittal, President of Technology and Data at Zee Entertainment Enterprises, has resigned. This follows the departure of Rahul Johri, the head of revenue and monetization. As a result, the technology and data vertical has been restructured, with new leaders assigned to different areas of responsibility. According to a statement from Zee, the changes are focused on accountability, cost-effectiveness, and quality. The company is aiming to cut costs, reduce business overlap, and improve quality following the collapse of its merger with Sony Pictures Entertainment.
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Zee lays off 50% of its workforce at tech centre in Bengaluru
Thehindubusinessline
·
1y ago
Medial
In an effort to cut costs following the dissolution of its potential merger with Sony, Zee Entertainment has laid off 50% of its tech team at its innovation centre in Bengaluru. The move was made to optimize resources and drive continued growth, according to the company's MD & CEO Punit Goenka. The innovation centre will now focus on enhancing content creation, distribution, and monetization processes by leveraging technology-led tools. This comes after the resignation of Nitin Mittal as President of Technology and Data at Zee and a recent strategic three-fold approach by the company.
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Will ZEE5's new slate of content, regional push help it win the OTT war?
Livemint
·
1m ago
Medial
ZEE5, owned by Zee Entertainment, plans to release over 130 new titles in FY26, catering to family and younger audiences. The expansion includes web series, films, and non-fiction shows, with a focus on regional languages such as Kannada, Marathi, Bengali, and Malayalam. ZEE5 has also partnered with tech startup Bullet to offer micro-dramas in a vertical format for fast-paced viewing, aiming to strengthen its position in the competitive Indian OTT landscape.
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TAC Infosec Elevates Saransh Rawat to CTO; Vishal Jain Quits As CFO
Inc42
·
11m ago
Medial
Saransh Rawat has been promoted to the role of Chief Technology Officer (CTO) at the company, highlighting its focus on AppSec and InfoSec. Rawat previously served as the Information Security Analyst and Manager for Application Security at TAC Infosec. Additionally, Vishal Jain has stepped down as the Chief Financial Officer (CFO) for personal reasons.
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Byju’s CFO quits and rejoins Vedanta to oversee restructuring
Economic Times
·
1y ago
Medial
Byju's Chief Financial Officer (CFO) Ajay Goel has left the company after about six months and returned to Vedanta, which is restructuring its businesses. Nitin Golani, the current president (finance) at Byju's, will take on additional responsibilities as India Chief Finance Officer. Goel's departure comes as Byju's is yet to furnish its audited FY22 results, which have been delayed and are a key concern for investors and lenders. Byju's has seen several top-level exits recently and is looking to sell group assets to clear its $1.2 billion term loan.
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Zepto elevates Nikhil Mittal as Chief Technology Officer
Money Control
·
1y ago
Medial
Quick-commerce unicorn Zepto has promoted Nikhil Mittal to the position of Chief Technology Officer (CTO). Mittal, who was the company's first employee and previously served as Senior Vice President of Engineering, will report to co-founder Kaivalya Vohra. Zepto, which was founded during the pandemic in 2020, has made several executive appointments in preparation for its planned IPO. The Mumbai-based startup has raised close to $600 million and was valued at $1.4 billion in its last funding round.
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ShareChat appoints TikTok’s Nitin Jain as CTO
Economic Times
·
8m ago
Medial
ShareChat, a Bengaluru-based social media company, has appointed Nitin Jain as its Chief Technology Officer (CTO). Jain, who has previously worked for companies such as Tokopedia, Gojek, and TikTok, will be responsible for developing and implementing technology across ShareChat and Moj platforms. With over two decades of experience in scaling technology-driven businesses, Jain's expertise in fields like AI and big data is expected to drive growth and enhance user experience at ShareChat. The company, founded in 2015, is backed by prominent investors including Google, Twitter, and Temasek Holdings.
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JioStar’s Chief Revenue Officer Ajit Varghese Quits
Inc42
·
7d ago
Medial
Ajit Varghese, chief revenue officer at Reliance-backed JioStar, has resigned. He is set to join Madison Media as group CEO, overseeing its outdoor advertising vertical, OOH. Mahesh Shetty, JioStar’s head of revenue and large customer base business, will replace Varghese as CRO. This change follows the completion of the Reliance-Disney merger and JioStar's formation in November 2024.
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Exclusive: Increff co-founder Romil Jain quits
Entrackr
·
5m ago
Medial
Romil Jain, co-founder and former Chief Technical Officer of SaaS startup Increff, has left the firm, sources aware of the development told Entrackr. “Jain left Increff late last year and he’s likely to embark on a new entrepreneurial journey,” said one of the sources requesting anonymity. Before founding Increff in 2016, Jain worked as a Chief Architect and Principal Engineer at DevFactory and Computer Associates. He co-founded Increff with Rahul Jain and Anshuman Agarwal. According to sources, Jain is expected to announce his new project soon. Increff has declined to comment on the story. This development coincides with the elevation of Vishal Raj as the new co-founder of the company. Raj, who has been with Increff for over seven years, is the current CTO of the company.
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Stability AI CEO Emad Mostaque quits to pursue 'Decentralised AI'
Inshorts
·
1y ago
Medial
Stability AI Founder Emad Mostaque has stepped down as CEO to pursue 'Decentralised AI'. COO Shan Shan Wong and CTO Christian Laforte will serve as interim co-CEOs as the British AI startup searches for a permanent replacement. Taking to X, Mostaque said, "The concentration of power in AI is bad for us all...I decided to step down to fix this."
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