Month: December 2024

·         Rohit Jetly expands role to lead technology and operations for Global Platform Solutions

·         Upasna Nischal, Head of HR, appointed India Site Head

·         Appointments reflect strategic relevance of India as a destination for global leadership talent

Fidelity International, a leading global investment and retirement savings business, has today announced an expanded international role for Rohit Jetly who will lead technology and operations for its Global Platform Solutions (GPS) business. Upasna Nischal, Head of HR, takes on ‘India Site Head’ from Rohit with an elevated role. These changes reflect Fidelity International’s commitment to strengthening its leadership and capabilities in the country.

Under Rohit’s leadership, the India site evolved into a strategic nerve center within Fidelity International. Over the past couple of years, the company expanded its footprint in India and is now present across Gurugram, Mumbai and Bengaluru. It added more capabilities as well as leadership talent in India. And it was adjudged a top GCC across the industry in India. Additionally, Rohit put together a unique GCC governance model that continues to help drive strategic priorities and has become the glue that brings people and teams together in India to work towards common goals. In his newly expanded role, Rohit will bring the Technology and Operations functions to work in tandem across the globe for Fidelity International’s Global Platform Solutions (GPS) business. GPS brings together the Personal Investing, Workplace Investing and Advisor businesses together at Fidelity International.

Upasna brings over two decades of experience in strategic Human Resource Management, including her five-year tenure at Fidelity International. She brings deep expertise in Talent Management, Diversity, Equity and Inclusion (DEI), Change Management, Organization Effectiveness and Development across global organizations. Upasna also led Fidelity International’s Global Learning and Development function before taking up the India site head responsibilities. Over the past few years, Upasna partnered closely with Rohit to further develop the India capabilities, location strategy, and leadership structure, aligning them to Fidelity International’s global business needs. In her bolstered role, Upasna will drive strategic initiatives from India while aligning with the company’s global objectives.

Sally Nelson, Chief People Officer, Fidelity International, said “These appointments are a testament to the trust we place in Rohit and Upasna’s capabilities to lead Fidelity International’s growth and innovation in India, as well as their leadership potential for our global business. Rohit’s role will be instrumental in the success of our GPS business and Upasna’s role will be critical to ensure we can harness the talent

capabilities and potential of India for our global customers. India remains strategic to Fidelity International’s growth strategy, with a wide range of capabilities run from here, ranging from data value, general counsel shared services, to process simplification and optimization and more. I am proud to see the leadership talent in the country.”

Rohit Jetly, Head of Global Platform Solutions (GPS) Delivery, said “It is an honour to take on expanded responsibilities in GPS and drive our platform strategy and technology and operational innovation on a global scale, ensuring we continue to deliver exceptional value for our clients worldwide. The last few years, leading our India capability centre, as well as being an advocate for the talent, skills, and capabilities that India can bring to the world, have been truly fulfilling for me personally. With my expanded global responsibilities, I hand over the baton to Upasna. We have exceptional talent present in our India site, including many global and local leaders. I am confident that Upasna will harness this talent and leadership to drive greater value from India.”

Upasna Nischal, India Site Head and Head of HR India, said “India’s strategic importance for Fidelity International continues to grow, and I am excited to lead our efforts to strengthen both the business and talent initiatives here. We have a unique opportunity to shape the future and deepen India’s contributions to support Fidelity International’s strategic goals. I look forward to building on the strong foundation we’ve established, focusing on driving greater value, nurturing our talent, and aligning our initiatives with our broader vision for growth and client impact.”

With over 20 years of operations in India and a workforce of more than 4,500 people in the country, Fidelity International continues to leverage the country’s growing skilled talent pool. Last year, the company strengthened its strategic presence in India by opening a new office in Bengaluru, enhancing its ability to support the evolving needs of the business and its clients to drive future growth.

Ananth Technologies Limited (ATL) is the first Indian Private Company enabled to develop and operate GSO Communication Satellite

The Indian National Space Promotion and Authorization Centre (IN-SPACe) has announced M/s Ananth Technologies Limited (ATL), as the beneficiary of the Announcement of Opportunity (AO) enabling access to Indian Orbital Resources for Non-Government Entities (NGEs). This marks a significant milestone in advancing private sector participation in India's space sector.

Under this AO, Indian ITU Filing in the Ka band is being provided to Ananth Technologies Limited (ATL). The allocation of orbital resources requires adherence to both national and international regulations, including frequency coordination with other satellite networks and compliance with the International Telecommunications Union (ITU) processes.

IN-SPACe had earlier formulated and released the Norms, Guidelines, and Procedures (NGP) for the implementation of the Indian Space Policy 2023 on May 3, 2024. This framework provides guidelines for granting access to available Indian Orbital Resources to Indian entities. Following this, the Announcement of Opportunity was released on July 30, 2024, with the bid submission closing on October 21, 2024.

Ananth Technologies Limited will undertake the end-to-end management of the project, which includes the development, launch, and operation of a multi-beam high-throughput Ka band communication satellite. Responsibilities also include frequency coordination with satellite operators, managing filings with ITU, and ensuring compliance with due diligence and notification processes.

Dr. Pawan Goenka, Chairman, IN-SPACe said: “This announcement is a transformative step for the Indian space sector. This will make Ananth Technologies Limited, the first private Indian satellite operator to provide state-of-art GSO communication satellite services to the country. With support from ISRO and DoT, this effort establishes a new benchmark for private sector participation in generating SATCOM capacity through indigenous satellites. It is a significant step toward achieving ‘Aatmanirbhar Bharat’ in satellite communication.”

Ananth Technologies Limited (ATL) said, “We appreciate IN-SPACe's initiative and efforts in enabling the Indian private potential satellite operators through this Announcement of Opportunity. This Orbital resource shall help ATL to position itself as the first private Indian communication satellite operator. ATL shall bring-in a state-of-the-art communication satellite building capability in India and have it launched from India. This Geostationary Ka band HTS satellite shall truly be 'Make in India' and 'launch from India' and for 'Bharat'. This indigenous capacity would contribute towards building the 'Digital Highways' for providing the last mile connectivity, particularly for the benefit for 'education and health' sectors.”

Tata International, the global trading and distribution arm of the Tata Group and Tata Motors, India's largest commercial vehicle manufacturer today inaugurated a new Registered Vehicle Scrapping Facility (RVSF) in Pune. Named 'Re.Wi.Re–Recycle with Respect’, this cutting-edge facility has an annual capacity to safely disassemble 21,000 end-of-life commercial and passenger vehicles with environmentally friendly processes.

This RVSF is operated by Tata International Vehicle Applications (TIVA), a wholly owned subsidiary of Tata International, and is equipped to scrap passenger and commercial vehicles of all brands.

Inaugurating the facility, Mr. Rajeev Singhal, Managing Director, Tata International, said, “The commencement of operations at our RVSF plant marks a pivotal milestone in Tata International's journey towards circularity. This state-of-the-art facility exemplifies our dedication to fostering sustainable growth through responsible and environmentally conscious solutions. At Tata International, we are steadfast in our efforts to embed sustainability across all facets of our operations, ensuring a meaningful and lasting contribution to the environment and the communities we serve.”

Shri Vivek Bhimanwar, IAS, Honourable Transport Commissioner of Maharashtra, said, “The launch of the TIVA RVSF in Pune is another milestone in our journey toward sustainable vehicle scrapping in Maharashtra. The infrastructure that TIVA has built is of high standards and entails the surety of making the scrapping process of vehicles environment-friendly and as per Government norms. I congratulate the team and extend my support to the RE.WI.RE initiative”.

Mr. Rajeev Batra, CEO, Tata International Vehicle Applications, said, “TIVA and Tata Motors have taken a pivotal step in transforming the approach to the lifecycle of vehicles in India. With the capacity to dismantle 21,000 vehicles annually, this facility has been designed to address the growing need for efficient and safe vehicle recycling. This initiative supports India’s transition toward a cleaner and more regulated vehicle-recycling framework. At TIVA, we constantly push ourselves to reach new heights and remain committed to delivering our best to the communities we serve.”

Equipped with cell-type and line-type dismantling for both commercial and passenger vehicles, the facility has dedicated stations for the safe dismantling of various components, including tyres, batteries, fuel, oils, liquids and gases. Every vehicle undergoes a meticulous documentation and dismantling process designed specifically to meet the responsible scrapping requirements of passenger and commercial vehicles guaranteeing safe disposal of all components and as per the nation’s vehicle scrappage policy.

Trilegal, one of India’s leading full-service law firms, today announced its partnership with Lucio, an AI-powered legal technology platform. This marks a significant shift in the delivery of legal services. Trilegal and Lucio are working towards implementing the AI suite. Trilegal aims to revolutionize legal practice by enhancing efficiency, automating routine tasks, and allowing lawyers to focus on high-value work.

Sridhar Gorthi and Nishant Parikh, Partners and Members of the Management Committee, said, “Technology is transforming industries, including the legal sector, and as complexities increase, firms must adopt advanced solutions to enhance efficiency. At Trilegal, client success remains our core commitment. By using Lucio’s AI platform, we will be able to improve service delivery and overall client experience in a safe and secure manner. Lucio's emphasis on the service layer sets it apart.”

A Thomson Reuters report highlights AI's growing role in the legal sector, with 51% seeing it as a tool to reduce administrative tasks and 70% expecting it to aid in document drafting. Trilegal will be adopting these AI-led innovations to enhance efficiency and client outcomes.

The Lucio platform enhances daily legal functions through various AI-powered solutions. Additionally, Lucio helps in summarisation, intelligent organisation, and managing voluminous case files and information.

Karan Singh, Partner and Member of the Board, Trilegal, said, “A substantial part of transactional workflows today involve routine tasks that can be performed using tools that use generative AI technology. By embracing AI and technology, law firms can streamline operations, allowing lawyers to focus on their core expertise. Trilegal has taken the lead in pioneering AI and tech adoption that adds value to our firm's operations at scale by integrating technology such as generative AI. Lucio’s AI capabilities combined with their Service Layer-led approach align with our strategic tech adoption vision.”

Nikhil Narendran, Partner—TMT, Trilegal, said, “Our partnership with Lucio is based on the key pillars of data security, confidentiality, and integrity, with confidential data never leaving the Trilegal cloud or being used to train the model. We have been on an exciting journey with the Lucio team. Our adoption of this technology will be driven by client policies and preferences regarding the use of Gen-AI technologies.”

Vasu Aggarwal and Darsan G, Founders – Lucio, said, ” Lawyers are trained to provide strategic advice, assess risks, and deliver sound judgment. However, they often spend significant time on labor-intensive tasks like discovery, summarizing documents, and creating timelines. Lucio automates these processes and more, allowing lawyers to focus on applying the law to facts, assessing risks with clarity, and exploring scenarios effortlessly. Trilegal’s partnership with Lucio is a significant step in transforming how legal professionals work in India, making them more efficient and, ultimately, delivering better results for their clients.”

As one of the first firms in India to adopt AI solutions at this scale, Trilegal is set to lead a transformation in legal service delivery. Such AI-powered solutions enable firms like Trilegal to dedicate more time to complex legal challenges while enhancing client service through faster, more accurate, and tailored solutions.

Special guests included retired IFS officer T.V. Narasimha Rao, Padma Shri Padmaja Reddy, Koti Surya Prabha, Shilpa Reddy, TV9’s Rajanikanth, Padma Shri Uma Maheswari, Madala Ravi, and Ashrita Vemuganti, among others, who praised the event's grandeur and cultural significance.