Pritika Shah elevated to head marketing at HDFC Life, Vishal Subharwal to move on
has appointed
Pritika Shah
as its head for
marketing
and CSR. Shah announced the same in a post on LinkedIn.
Shah, a HDFC Life veteran has been with the organisation since November 2013. In her current role she's the executive vice president and head - marketing and CSR at the company. Prior to joining HDFC Life, Shah's experience in the
BFSI sector
included stints at
Aditya Birla Capital
,
Bharti AXA
and GE Money. She has also worked in the consumer product goods space with companies like
Dabur
and Pizza Hut.
Shah holds a management degree in marketing and had joined HDFC Life as an AVP marketing, leading brand and research functions for the organisation. She was elevated to VP marketing in 2016 and subsequently elevated as the SVP marketing and CRM, before she took on the current role.
Subharwal, the
CMO
and group head for strategy and e-commerce is a 15-year-old veteran with HDFC Life. An MBA from Jamnalal Bajaj, Subharwal was a Lean Six Sigma Black Belt at Genpact before he joined a big four advisory firm PWC in the domain of strategy and operations. His two-and-a half decades of professional experience includes deploying Lean Six Sigma and other business process re-engineering techniques.
He had joined the organisation in 2010 as vice president, corporate strategy and product after a consulting stint at PWC. At HDFC Life, his experience straddled several functions including strategy and business insights, e-commerce, digital marketing and analytics. He was elevated to the role of CMO in April 2021. His future plans remain unknown.
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Time of India
37 minutes ago
- Time of India
With new energy, JSW Group gets ready to disrupt EV market
New Delhi: Sajjan Jindal-led JSW Group has set up a dedicated automotive vertical-JSW Motors. This will be an umbrella platform under which the group will launch passenger cars focussed on new energy vehicles at an investment of up to $3 billion over the next five years with launches set to begin in the second half of FY26. It will be separate from the group's joint venture with China's SAIC, JSW MG Motor India. JSW Motors is in talks with three-four companies across Italy, Germany, South Korea and China for collaborations to design and develop these cars, which will be sold under the JSW brand, newly appointed chief executive officer Ranjan Nayak told ET in his first media interview. All vehicles will be made in India, with the earmarked resources deployed for commissioning the manufacturing facility, research and development. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Technology Digital Marketing MCA Project Management Others Finance Leadership MBA Product Management Data Analytics Management CXO Healthcare others Cybersecurity PGDM Artificial Intelligence Public Policy Data Science Data Science Degree Design Thinking healthcare Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details JSW's automotive hub, spread across 630 acres, is coming up at Bidkin in Chhatrapati Sambhajinagar in Maharashtra. Elaborating on the expansion strategy, Nayak said JSW Motors is aiming to disrupt the domestic electric vehicle (EV) market by manufacturing "world class automotive products in the country" by leveraging the best technologies from across the globe, including Italy, Germany, South Korea and China, and combining that with India's own strengths in robust supply chain and digital integration. "We are looking at rapidly scaling up our in-house automotive technology, and not remain dependent on any external entity. Our integrated approach allows us to combine global excellence with local relevance, ensuring high performance, affordability and sustainability," Nayak said, adding, "Our first New Energy Vehicle (NEV) under the JSW badge will hit the roads in the second half of FY2026." Nayak said JSW Motors is drawing on "the unique strengths of industry-leading partners" from around the world, without specifying details of the companies it is collaborating with. "We will be combining the craftsmanship and aesthetics of Italian designers and the German precision in manufacturing and engineering with the advanced welding technologies from South Korea and China's expertise in electric propulsion systems, battery innovation and New Energy Vehicle (NEV) technologies with that of the Indian IT sector's deep capabilities in software and digital integration," said Nayak. He declined to share details of the investments the JSW Group has scheduled for its automotive venture. However, industry sources said the group has lined up an investment to the tune of $2-3 billion in its automotive business over the next five years. Similar to its strategy in the steel sector, JSW intends to "energize the auto ecosystem-spurring suppliers and competitors to rise with us" to accelerate India's shift to clean mobility and reduce its dependence on oil, said Nayak, who is also executive vice president and head, corporate strategy, JSW Group. "Our aim is to push New Energy Vehicle penetration to 50%, offering affordable, world-class electric, hybrid, and plug-in hybrid vehicles," he said. Nayak said China is at the forefront of EV and hybrid vehicle innovation and has become an integral part of the global automotive supply chain. As the world rapidly shifts toward sustainable mobility, technologies such as Plug-in Hybrid Electric Vehicles (PHEVs), pioneered by Chinese automakers, are redefining the industry landscape. By combining the best global technologies with India's own strengths, JSW Motors intends to bring high-quality, technologically advanced, energy efficient and environmentally responsible vehicles. This approach will deliver "unmatched value to Indian customers and propel the country towards a more secure, sustainable and self-reliant automotive future," he said. "Like global industry leaders-including those from Europe, America (like Tesla and GM), and Japan-we embrace relevant advancements from China and other innovation hubs, integrating them within India's ecosystem. Promoting EV, PHEV and hybrid technologies is also critical from an energy security standpoint." he said.
The Hindu
3 hours ago
- The Hindu
MEA ‘nearly lost the plot' on Indus Treaty negotiations, says former Finance Secretary Subhash Garg
The Ministry of External Affairs (MEA) nearly 'lost the plot' over the Indus Water Treaty talks with Pakistan in 2016, as senior MEA officials entered into a tussle with the World Bank, before the issue was retrieved — the claim is made by former Finance Secretary Subhash Chandra Garg, India-appointed Executive Director at the World Bank (2014-2017), in his latest book, which recounts for the first time the tensions between the Modi government and World Bank President Jim Kim over the Kishenganga hydropower project. The point of contention was whether the World Bank, which has a limited role in guiding any disputes or differences between India and Pakistan, would decide to appoint the 'court of arbitration' Pakistan had asked for, or a 'neutral expert', as India wanted. After his controversial first book about his unceremonious exit from the Union Finance Ministry, Mr. Garg has now taken aim at the MEA in his new book, No, Minister: Navigating Power, Politics and Bureaucracy with a Steely Resolve, where he says he was sidelined during the initial stages of the Indus Water Treaty negotiations in 2016. He also claims that he was told to 'keep off the matter', and only attend meetings to be led by India's Deputy Chief of Mission Taranjit Sandhu (later the Ambassador to the U.S. before he retired and joined politics). '[However], by the middle of November, the MEA team was getting nervous. It was not able to nudge the World Bank team in the direction it wanted, i.e., to appoint a neutral expert and began to sense that the Bank was tilting towards Pakistan,' Mr. Garg wrote, in the chapter titled 'Bringing Indus Waters Arbitration Back From the Brink'. At this point, the book claims that Mr. Jaishankar made a visit to Washington and asked Mr. Garg to take charge of matters. Mr. Garg accepted the request, but insisted that no MEA official join the discussions, and even turned back then MEA Joint Secretary Gopal Baglay (now India's High Commissioner to Australia) from the meeting with Mr. Kim, although he had travelled non-stop for 20 hours to reach Washington. According to Mr. Garg, it was his own intervention, in a one-on-one meeting with Mr. Kim, that eventually helped ensure a neutral expert, Ian Solomon, was appointed, after the World Bank accepted Pakistan's demand for a court of arbitration at The Hague. The MEA did not respond to a request for comments on Mr. Garg's claims. The Hindu also reached out to Mr. Sandhu and Mr. Baglay for a comment, and they did not respond to or deny the claims. In Washington, World Bank officials privy to the negotiations confirmed the tussle between the World Bank and the Indian government, but said they could not comment on whether it was Mr. Garg's meeting with the World Bank chief or other interventions that eventually changed the course of events. The World Bank first ruled that having a neutral expert and court together could lead to 'contradictory outcomes'. However, subsequently, it facilitated the setting up of both an expert as well as a Chairperson to the Court of Arbitration. India has refused to attend the proceedings in the Court of Arbitration at The Hague. Pakistan has maintained that it is working within the terms of the treaty, whereas India says the treaty does not allow such parallel dispute mechanisms. When asked by The Hindu, Mr. Garg said this should not have been an 'institutional turf battle', and that he did not want India's case to be 'compromised' even as the World Bank, the U.S. and the U.K. had gone ahead with appointing experts to take the Pakistan application for arbitration forward. Allowing Pakistan's diplomats to continue the process unchallenged would have an impact on other negotiations, he added. After the Pahalgam terror attacks in April this year, India has decided to 'suspend' the Indus Water Treaty, but some of the book's revelations are significant for future decisions on similar issues. The book recounts Pakistan's campaign against the Kishenganga and Ratle hydropower projects in Jammu-Kashmir; India's objections to the International Monetary Fund/World Bank funding of the Gulpur hydropower project in Pakistan Occupied Kashmir; and China's objections in 2010 to multilateral funding for a hydropower project in Arunachal Pradesh, leading Mr. Garg to conclude that the government and the World Bank needed better communication between themselves. Mr. Garg also pointed out that Mr. Kim and Mr. Modi had a good relationship, and Mr. Kim's plan to fund schemes for 'stunted' or malnourished children had not gone down well with Mr. Modi. In Parliament this week, the Union Ministry of Women and Child Development said that about 37% of children under five years registered on their tracker were found to be stunted. 'I believe India's approach of not fine-tuning its stance in line with World Bank policies has harmed its own interests more than serving it,' Mr. Garg, who moved to India as Economic Affairs Secretary after his tenure at the World Bank ended, said. Differences with Finance Minister Nirmala Sitharaman led to his transfer as Secretary in the Union Ministry of Power in August 2019. He applied for voluntary retirement that same day, and retired after serving the mandatory notice period on October 31, 2019. (With inputs from Jacob Koshy and T.C.A. Sharad Raghavan in New Delhi.)
Time of India
4 hours ago
- Time of India
Supertech homebuyers seek CJI, PM intervention to let NBCC complete projects
Homebuyers of 16 stalled housing projects by Supertech have written to Chief Justice of India B R Gavai and Prime Minister Narendra Modi, seeking their intervention to hand over these projects to state-owned NBCC instead of NCR-based Apex Group. The homebuyers called for vacating a stay imposed by the top court on a National Company Law Appellate Tribunal (NCLAT) order in December 2024, directing that all these projects be entrusted to NBCC (India) Ltd for time-bound completion. Explore courses from Top Institutes in Please select course: Select a Course Category Operations Management Digital Marketing MBA Cybersecurity Project Management healthcare Healthcare CXO Data Science Product Management Public Policy others Design Thinking Degree Finance PGDM Data Science Technology MCA Others Artificial Intelligence Data Analytics Management Leadership Skills you'll gain: Quality Management & Lean Six Sigma Analytical Tools Supply Chain Management & Strategies Service Operations Management Duration: 10 Months IIM Lucknow IIML Executive Programme in Strategic Operations Management & Supply Chain Analytics Starts on Jan 27, 2024 Get Details The stay was based on a proposal Apex Group submitted to the Supreme Court to revive the projects. 'After enduring over a decade of financial loss, mental trauma, and shattered dreams, we now face the imminent threat of being handed over once again to a private entity — Apex Heights Pvt Ltd — whose proposal and compliance affidavit submitted to the SC is fundamentally flawed, financially unviable, ethically questionable, and devastating for homebuyers,' they said in the letter. The 16 stuck projects of Supertech comprise 50,962 homes, of which 39,870 are sold and 11,092 remain unsold. Of the sold homes, 24,871 have been handed over to buyers, while 14,999 are yet to be delivered. Live Events An investment of Rs 1,700 crore is required to complete the sold homes, while receivables from these units are estimated at Rs 2,200 crore. 'NBCC has delivered large-scale, complex stalled housing projects such as Amrapali. It has the technical expertise, government backing, operational credibility, and most importantly — the trust of homebuyers,' said Mujeebur Rahman, a homebuyer. The buyers have also demanded the disqualification of Apex from the resolution process and the complete removal of Supertech promoters from it. 'We have requested the Supreme Court that no further interlocutory applications (IA) be entertained at this advanced stage of the proceedings. It has already been 15 long years, and more than 50,000 homebuyers are still waiting for their homes, having suffered immense financial and mental distress,' Rahman said. Homebuyers have alleged that Supertech is attempting to block NBCC's onboarding by pushing the Apex proposal. Supertech, however, said once the Supreme Court approves the resolution plan submitted by Apex Heights, it will pave the way for all stakeholders to complete the 16 projects, with deliveries to homebuyers starting within three months and being completed in the next 24 months, in addition to repayment to financial institutions and land authorities as agreed in the plan. 'Since the de-linking of the Doon Square Project in reverse insolvency, the handover of units has been done by Ametek, the codeveloper in the project, well before the time stipulated. NCLAT had directed delivery in 12 months, whereas 100% handover of units to homebuyers has been successfully completed in nine months,' Supertech said in a statement. Apex Group has agreed to clear Rs 678 crore of dues to five banks and around Rs 1,900 crore to Noida, Greater Noida, and Yamuna authorities. In the initial phase, the company has committed to invest Rs 500 crore, with plans to deliver the flats within two years of taking over. Economic Times WhatsApp channel )
