Network18 has announced senior management re-alignment, re-inforcing the focus on its web and mobile businesses and digital convergence at the group. Lakshmi Narasimhan, who was earlier heading Infomedia18, will now move in as CEO of Web18. Surya Mantha, who was earlier CEO of Web18, has now been put in charge of convergence initiatives and re-designated as Executive Director, Convergence, Network18.
It is learnt from reliable sources that Manish Porwal, CEO, Percept Talent Management (PTM), has quit and January 6, 2010 happens to be his last day in his current role. However, it is learnt that Porwal may continue in an advisory position. This development comes just a day after Vinita Bangard, COO, PTM, had put in her papers.
D’zine Garage, a leading digital agency headquartered in Chennai, announced on January 6 that its Board of Directors had appointed Stephen W Pardue as its new CEO. Concurrently, D’zine also opened its first office in San Diego, California USA, where Pardue will be based.
The Hinduja Group has announced the appointment of Sunir Kheterpal as CEO of IN Entertainment, an entity that will consolidate the Group’s content business. The Group plans to invest Rs 250 crore in its content business over the next 2-3 years and Kheterpal will spearhead its aggressive growth plans in the media and entertainment space.
ING Life Insurance has launched three television campaigns targeting Tamil Nadu, Andhra Pradesh and Karnataka. The three different campaigns, with three different casts for the three states, went on air in Karnataka and Tamil Nadu on January 5, while the campaign will break in Andhra Pradesh on January 10. ING is planning a high decibel marketing blitzkrieg over the next six weeks starting January 5.
Raj Television Network Ltd has informed the BSE that as part of its potential external growth strategy, it has ventured into movie distribution. The company has acquired the exclusive distribution rights of upcoming Tamil movie ‘Kutty’ for some specific areas in Tamil Nadu.
DB Corp, publisher of Hindi daily Dainik Bhaskar, closed the first day of trading at Rs 265.90, a premium of 25.42 per cent over its issue price of Rs 212. The share touched an intra-day high of Rs 274 on both BSE and NSE. Market analysts have given the scrip two thumbs up and expect more from it.