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News on Medial
JioCinema’s Business Head Ferzad Palia Soon To Quit
Inc42
·
9m ago
Medial
Ferzad Palia, JioCinema’s business head, is reportedly stepping down after over two decades with Viacom18 Media. He will remain with the organization for a transition period to ensure a smooth handover. JioCinema declined to comment on the matter, but Palia, who joined in 2004, has been instrumental in the platform's growth. This development aligns with the anticipated merger of Reliance Industries’ media assets and Disney India, expected to complete by the end of the third quarter of FY25. The merger will create a joint venture between Viacom18 and Star India, potentially featuring over 100 TV channels and two major OTT platforms: Disney+ Hotstar and JioCinema. Recently, JioCinema reached 1.6 crore paid subscribers by the end of September 2024, driven by affordable plans and recording a 2X quarter-on-quarter growth. This strategic merger is expected to strengthen Reliance’s position in India’s media and entertainment sector.
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Zepto sees another top-level exit, VP Jitendra Bagga quits
Inshorts
·
7m ago
Medial
Top-level exits at Zepto continue as Jitendra Bagga has quit as the vice-president of central operations after spending nine months at the quick commerce unicorn, Moneycontrol reported. One of the reasons why Bagga left was because he's based in Mumbai and it was reportedly a challenge to relocate to Bengaluru. Recently, HR head Martin Dinesh Gomez also quit Zepto.
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Zee assigns additional charge of music business to film head Umesh Bansal | Mint
Livemint
·
1y ago
Medial
ZEE Entertainment Enterprises Ltd has given Umesh Bansal additional responsibility for the music business while retaining his role as chief business officer of the movie business. This move aligns with the company's resource optimization strategy, focusing on synergy between the movies and music businesses for growth. Anurag Bedi, the previous head of the music business, will be assigned new responsibilities soon. Zee aims to enhance profitability by deriving synergistic benefits between the two businesses and is prioritizing frugality, optimization, and quality content.
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Left ₹1.5 cr US job, Delhi founder launches 60-Min med delivery
Inshorts
·
3m ago
Medial
Moved by patients struggling to find medicines, Rajat Gupta, a Delhi-based entrepreneur, quit his ₹1.5 crore US job to launch an online medicine delivery platform in India. It delivers medicines in under 60 minutes, has fulfilled 400+ orders in Delhi, and is expanding to Noida, Mumbai, and more. Soon launching in tier 2 & 3 cities.
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Cinctive Deputy CIO Haddad, Macro Chief Coppel Leave Hedge Fund
Livemint
·
9m ago
Medial
Cinctive Capital Management, a multimanager hedge fund, has seen the departure of its deputy chief investment officer, head of macro, and macro strategist. The firm is planning to announce a replacement for the deputy CIO soon. The macro chief and strategist have joined Tudor Investment Corp, owned by billionaire Paul Tudor Jones. Cinctive has struggled to raise funds and currently manages around $3 billion in regulatory assets. The firm debuted in 2019 and has faced challenges in growing its business.
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Sony gaming chief Jim Ryan to retire, group president to be interim head
Economic Times
·
1y ago
Medial
Sony gaming chief Jim Ryan is set to retire, with Sony Group President Yoshida Kenichiro taking over as interim head, according to sources. Ryan served as the CEO of Sony Interactive Entertainment, overseeing the launch of the PlayStation 5. Sony is expected to make an official announcement soon.
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MBA graduate quits Singapore job to become a millet entrepreneur
Inshorts
·
1y ago
Medial
Krishnaa Kantthawala quit her job in Singapore to set up a healthy food business. She launched her Smart Eleven brand in 2021 and now exports millet noodles, pasta, and other products to five countries besides selling them in the Indian market. Smart Eleven clocks Rs 1.5 crore in annual revenues, of which 60 percent comes from exports
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Indore startup wins Best Sales CRM & Loyalty Solution Award
Inshorts
·
4m ago
Medial
In 2016, Akash Joshi and Ankur Pathak quit their jobs to start building IMAST, a tech solutions startup in Indore. Now, it has garnered 100+ clients across the sectors of automotive, FMCG, retail, electrical, etc. Recently, its flagship product, IMAST 360, received the title of Best Sales CRM and Loyalty Solution at the India Business Awards 2025.
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Unacademy seeks online, offline CFOs to fuel growth
Livemint
·
1y ago
Medial
Edtech unicorn Unacademy is looking to hire two chief financial officers (CFOs) to oversee its online and offline businesses. Pratik Dalal, the current finance head of Cred, is likely to join Unacademy to head the offline business, as the company aims to have separate CFOs for each line of business. This move follows the departure of several high-level executives and a slowdown in the offline business. Unacademy has raised $877 million and was valued at $3.44 billion in 2021. However, the company is facing challenges as its online business growth moderates and its offline business reports losses.
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Byju’s chief business officer Prathyusha Agarwal, two more senior execs quit
Money Control
·
1y ago
Medial
Three senior executives have resigned from edtech startup Byju’s, including Chief Business Officer Prathyusha Agarwal, Himanshu Bajaj (Business Head of Byju’s Tuition Centers), and Mukut Deepak (Business Head for Class 4 to 10). The departures come as Byju's undertakes restructuring efforts, consolidating its business verticals into two key areas: K-10 and Exam Prep. The company has been facing operational challenges, including the resignation of key investor board members and Deloitte as auditor. Byju’s has laid off over 2,000 employees and is seeking funds while aiming to address student and parent dissatisfaction.
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Atul Das moves on from Zee, Mangesh Kulkarni named business head
Livemint
·
1y ago
Medial
Atul Das, the chief revenue officer of Zee Entertainment Enterprises Ltd, has resigned from his position. Anil Malhotra, former chief operating officer at SITI Networks Ltd, will replace him. Mangesh Kulkarni, previously business head of Marathi Films at Zee Studios, has been appointed as the new business head of Zee TV. These changes are part of a new organizational framework approved by Zee's board of directors, which aims to enhance synergies across various business segments. Punit Goenka, the managing director and CEO, will take direct oversight of the domestic broadcast business.
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