A Chartered Accountant by qualification, Sagar brings with him over 25 years of extensive experience in the field of Finance. He has been an integral part of the Blue Dart family for over eight years, having held key leadership roles such as Corporate Controller, Head – Corporate Accounts, and, most recently, as the Interim CFO of the company. His distinguished career includes significant leadership roles across diverse industries, with tenures at DHL Express India, Burger King India, Shell Lubricants, and Owens Corning India.

Commenting on the appointment, Balfour Manuel, Managing Director, Blue Dart Express, said, “We are delighted to have Sagar take on the role of Chief Financial Officer at Blue Dart. His deep understanding of Blue Dart’s business, combined with strong financial and strategic acumen, positions him well to lead the company’s finance function. I am confident that under his stewardship, our finance function will continue to drive strategic value, enabling sustained growth and excellence for Blue Dart.”

Expressing his gratitude, Sagar Patil, Chief Financial Officer at Blue Dart, said, “Blue Dart has played a significant role in my professional journey, and I am deeply grateful for the opportunity presented to me. Having been associated with Blue Dart for many years, it is a moment of great pride to be entrusted with the responsibility of leading the company’s finance function. I look forward to contributing further to the company’s growth by driving robust financial strategies and supporting our continued leadership in the logistics industry.”

Sagar’s appointment underscores Blue Dart’s commitment to strengthening its financial leadership in pursuit of the company’s strategic goals.

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The #SEBIvsSCAM campaign comes at a critical time when digital financial fraud is on the rise, with fraudsters using increasingly sophisticated and deceptive methods to target investors. From fake trading apps and deepfake videos to unregistered investment advisors and misleading stock tips on social media, scammers are exploiting technology and denting investors’ trust. Many individuals (#SEBIvsSCAM) fall prey to schemes promising guaranteed returns/unusually high returns, pump-and-dump tactics, dabba trading, fraudulent foreign portfolio investment offers, etc, often resulting in significant financial losses.

#SEBIvsSCAM seeks to raise public awareness, promote safe investing habits, and empower investors to make informed decisions. By spotlighting common scams and offering guidance, the campaign aims to help investors recognize warning signs, verify sources, and report suspicious activities—ultimately contributing to a more secure and transparent financial ecosystem.

To ensure maximum outreach (#SEBIvsSCAM), NSE, under the aegis of SEBI, will leverage a mix of media platforms, including television, radio, print, digital, and social media. We will also spread the Investor Awareness (#SEBIvsSCAM) messages through Investor Awareness Programs, which are done through physical, digital, and hybrid modes. This multi-channel approach is designed to reach investors across urban and rural areas, in multiple languages and through formats that are accessible and engaging to diverse audiences.

Investor Advisory: Stay Alert, Stay Protected

•      Do not fall for promises of assured or fixed returns in the securities market. Such offers are illegal and misleading.

•      Avoid unsolicited messages from unknown sources. Always verify information through official websites such as SEBI, NSE, or the concerned company.

•      Do not download unregulated apps or join chat groups offering investment advice.

•      Engage only with SEBI-registered intermediaries or research analysts. Verify their credentials at: https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes   

•      Download trading apps only from SEBI-registered trading members via official app stores. Verify apps https://www.nseindia.com/trade/members-compliance/list-of-mobile-applications

•      Transfer funds only to registered client bank accounts of your stockbroker. Verify account details at https://enit.nseindia.com/MemDirWeb/form/tradingMemberLocator_beta.jsp

•      From October 1, 2025, investors will be able to make payments to SEBI-registered intermediaries using a standardized UPI handle format (e.g., abc.brk@validbank).

•      Report any fraudulent activity at www.cybercrime.gov.in  or call the Cybercrime Helpline at 1930. For investor support, contact NSE at 1800 266 0050.

Issued in public interest by the National Stock Exchange of India Ltd under the aegis of the Securities and Exchange Board of India.

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The projects will be developed through two Special Purpose Vehicles (SPVs) owned and controlled by Birla Estates. IFC’s investment will be made into these SPVs, which will serve as the development platform for both projects. Under the structure, Birla Estates will hold a 56% economic interest, whereas IFC will hold a 44% economic interest in the SPVs.

K. T. Jithendran, MD & CEO of Birla Estates, said, “We are proud to welcome IFC as a valuable investor in our mission to reshape urban living through sustainable and high-quality real estate development. This investment validates our development philosophy and strengthens our ability to scale responsibly. With IFC’s global expertise in sustainable investments and our deep-rooted market insights, we aim to set new benchmarks in Indian real estate.”

Imad N. Fakhoury, Regional Director for South Asia, IFC, said, “Housing is a powerful driver of jobs, resilience, economic growth—and a key priority for IFC. Our partnership with Birla Estates will bridge the gap in India’s housing sector by expanding availability of and access to sustainable, high-quality housing for the country’s growing population, with a focus on first-time homeowners. The investment will create jobs, support inclusive urban development aligned with India’s net-zero ambitions, and deepen private sector participation in this critical sector.”

Birla Estates continues to expand its presence in India’s most sought-after real estate markets. In the last quarter of FY25, the company launched 5 projects across its key markets of NCR, Bengaluru, and forayed into the Pune market, recording its biggest quarter sales.

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MUMBAI: MediBuddy, India’s leading digital healthcare company, has announced the appointment of Sidhartha Mehra as Chief Financial Officer (CFO). With over 20 years of global and Indian experience across multinational corporations and high-growth enterprises, Sidhartha has led Finance, Legal, Compliance, HR, Investments, and Procurement functions. He brings a rare blend of financial acumen and cross-functional leadership, with expertise in IPO, M&A, and strategic financial management.

In his role at MediBuddy, Sidhartha will lead MediBuddy’s financial strategy, capital management, and regulatory compliance. His proven expertise in managing large-scale M&A, corporate restructuring, finance transformation, and strategic capital allocation will be instrumental in driving long-term value creation for the company and its stakeholders.

Satish Kannan, Co-founder and CEO of MediBuddy, said, “Sidhartha’s strategic foresight, combined with his cross-functional expertise, makes him the ideal partner to help MediBuddy navigate its next phase of growth. His ability to align financial performance with broader business strategy will be key in building a financially resilient organisation that can scale sustainably.”

Commenting on his new role, Sidhartha Mehra, CFO, MediBuddy, said, “I’m thrilled to join MediBuddy as it accelerates its mission to make high-quality healthcare accessible to all. Aligned with this vision, my focus will be on building a world-class finance function that enables scale, drives strategic growth, and unlocks long-term enterprise value. I look forward to driving measurable impact at scale, both within the business and across the communities we serve. It is deeply fulfilling to be associated with a purpose-driven company that is transforming lives through empathetic and tech-led healthcare.”

Sidhartha has held senior leadership positions across global financial institutions and leading Indian companies. Most recently, he served as the CFO and CHRO at Zolo, where he played a pivotal role in leading enterprise-wide transformation, driving operational efficiency, and governance frameworks. Before this, he held leadership roles at Jupiter Capital, GE Capital, and Barclays, managing financial planning, regulatory compliance, and business analytics across global markets including the UK, Ireland, Belgium, and India.

In addition to his corporate leadership, Sidhartha also serves as a Professor of Practice at the Manipal Centre for Innovation, Leadership, and Entrepreneurship, highlighting his passion for shaping future leaders in finance and strategy.

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Dr. Sami Al-Suwailem, Acting Director General of IsDBI, warmly received the UPU delegation and expressed the Institute’s willingness to work together in developing innovative financial solutions that align with the needs of IsDB member countries (MCs). The discussions centered on leveraging Islamic finance principles to enhance postal financial services and developing operational models that can serve customers in both urban and rural areas.

The UPU is keen to explore Islamic finance as a complementary business model for postal financial services, acknowledging its potential to enhance financial inclusion, diversify income avenues for postal operators, and provide ethical financial solutions to underserved populations. These aspirations align closely with the Digital Postal Islamic Financial Services Project, which aims to leverage postal networks and digital platforms to offer Shariah-compliant financial services, particularly in regions with limited access to traditional banking.

As a specialized agency of the United Nations, the Universal Postal Union (UPU) plays a key role in promoting international cooperation among postal operators and advancing the global postal sector in its 192 Member Countries. The Islamic Development Bank Institute (IsDBI), the knowledge and innovation arm of the Islamic Development Bank (IsDB), is committed to developing and promoting Islamic financial solutions that contribute to sustainable economic development in its 57 Member Countries.

The visit marks a significant step towards fostering a strategic partnership between IsDBI and UPU, with the aim of developing innovative, inclusive, and technology-driven financial solutions that will benefit postal operators and the communities they serve.

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Tapan’s immediate focus will be to spearhead corporate strategy and financial operations. He will also closely collaborate with existing teams to strengthen the overall financial framework and restructure specific systems to prepare the company for its next phase of growth and achieve profitability.

Abhimanyu Saxena, Co-Founder of InterviewBit & Scaler, said, “At Scaler, we are committed to providing the best possible tech education experience available to aspiring engineers and software professionals in the country. To ensure we can achieve this critical nation-building mission, we must work with the brightest minds across all business verticals. With that in mind, we have over 1600 people who work with us, and all are equally committed to our vision statement. The next few years are very crucial in our journey. While we have created a solid foundation with our product offerings, we want to strengthen our bottom line and attain profitability. Tapan is perfectly positioned to help us in our endeavor. We are excited to work with him as we continue building the best tech education company to come out of India.”

With close to 20 years of experience, Tapan has worked across diverse sectors within the country’s financial industry, including investment banking and corporate finance for both large conglomerates as well as new-age start-ups, including SugarBox Networks (Part of Zee Entertainment Group), Baazi Games, Den Networks and CarDekho Group, which includes Insurance Dekho and Rupyy.

Tapan Jindal, CFO at InterviewBit and Scaler, said, “Education is close to my heart, and having run an education venture early in my career, I feel Scaler is my new home. It is an exciting time to join the young brand as it continues to make solid progress. I look forward to building momentum and delivering on their growth strategy. We will endeavor to strengthen the financial and governance practices as we work towards creating a globally admired tech education company out of India.”

The year 2023 saw Scaler achieve positive cash flow and were also profitable in the JAS (Jul-Aug-Sep) quarter. The aim for the year 2024 is to maintain this over the next few quarters and lead to annual profitability. While several ed-tech and start-up brands let go of employees and shrunk their existing operations, Scaler was able to post such promising growth without reducing its headcount and rolled out several initiatives, such as the GPT-4 powered AI teaching assistant that not only enhanced learner experience but also aided in cost efficiency.

Scaler partnered with NSDC and joined the #SkillIndia mission to help the country meet its growing demand for Software Development Engineers, Data Scientists, and Machine Learning specialists through its unique and effective upskilling programs. Scaler launched Scaler Topics, a gamified free learn-to-code platform that can provide quality technical content for anyone interested in software-related subjects. Scaler also introduced its ambitious undergraduate program, the Scaler School of Technology, early in 2023, and the program saw phenomenal uptake, with over 54,000 applications coming in for its first batch. Scaler’s upskilling programs – Scaler Academy and Scaler DSML – also saw significant growth, with the brand aiding over 30,000 working professionals with their career goals.

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Due to their expansive footprint and broad network coverage, and specialization in the collection and delivery of parcels, postal networks have the unique potential to leverage technology and integrate Islamic financial services to address the needs of underserved communities and those excluded from the formal financial system.

Through the introduction of Islamic financial services and products as part of their offerings, postal services would be able to diversify their revenue sources and provide an avenue for customers who may not be willing to use the traditional banking system. The bundling of financing and delivery services can lead to an increase in efficiency due to the position of the postal services provider between the involved supply chain parties, such as manufacturers and retailers.

The new IsDBI project will assess the postal services market landscape and operational models and conduct a pilot feasibility study for the introduction of Digital Postal Islamic Financial Services in IsDB Member Countries.

The combination of digital solutions with Islamic finance can serve as an important tool for achieving the Sustainable Development Goals (SDGs), including reducing inequality (SDG 10) and enhancing financial inclusion and innovation (SDG 9).

Strongly aligned with the IsDB Group’s strategic objectives of tackling poverty and building resilience, and driving green economic growth, the new initiative will support the transformation of postal services as a key infrastructure institution in IsDB Member Countries to enhance financial inclusion through innovative digital solutions.

The IsDB Institute is planning to organize a webinar in July 2023 to discuss the innovations and digital finance trends in the postal services landscape.

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INDIA: At its meeting today, the Supervisory Board of Vitesco Technologies Group AG appointed Sabine Nitzsche (50) as the new chief financial officer with effect from November 1, 2023.

Sabine Nitzsche succeeds Werner Volz (64), who assumed the role of managing director and chief financial officer in the course of the carve-out (January 1, 2019) and spin-off with consecutive listing (March 9, 2021) of the former Continental division Powertrain and later Vitesco Technologies Group AG and will enter into his well- deserved retirement. Both will share the month of October to guarantee a flawless transfer.

“With Sabine Nitzsche, we have appointed a very successful and recognized manager to head the financial resort. The Supervisory Board wishes her all the best and every success in her new role,” said Professor Siegfried Wolf, chairman of the Vitesco Technologies Supervisory Board.

“I am looking forward to working with Sabine Nitzsche,” said CEO Andreas Wolf adding: “On behalf of the whole Executive Board, I want to warmly welcome her to Vitesco Technologies. We are convinced that with her broad professional experience, she will be successful as head of finance.”

Sabine Nitzsche started her professional career at Infineon in 1994. She passed through several operational functions in procurement as well as in project management before gaining experience in the

Advanced Mask Technology Center (development and manufacturing of photolithography masks) in 2003, first in financial strategic business and later as director of business administration. In 2011, her career path led her to Globalfoundries (US-based global semiconductor solutions contract manufacturer), where she took over the CFO position for the EMEA division in 2018 after seven years of financial divisional management. Finally, her path led back to Infineon in 2021, then to the role of CFO for the Automotive business segment.

On the occasion of today’s meeting, both the Supervisory Board and the Executive Board also paid final tribute to the outstanding achievements of the outgoing Executive Board member Werner Volz.

“On behalf of the Executive Board and the global Vitesco Technologies team, I would like to thank him for his many years of extraordinary commitment and valuable contribution at the helm of our company, whose financial management he took over during a challenging business phase and has always driven forward meticulously and extremely successfully since the spin-off with the subsequent stock listing. I greatly appreciate that he will continue to be available to us with his knowledge and experience until the end of October and thus until the end of the third quarter”, Andreas Wolf said.

Professor Wolf added: “He deserves our praise and appreciation for the always trusting and collegial cooperation over the past years. In particular, I would like to pay special tribute to Mr. Volz for his achievements in connection with the spin-off of Vitesco Technologies, the securing of a financing base for the coming years, and the creation of a distinct cost culture in the company.“

“Vitesco Technologies is a great company with excellent prospects for the future. Together we have made the company independent and taken it public. The past years have been intense and challenging, but at the same time a great and always fulfilling experience for me – both individually and as part of a team. Now I am looking forward to my next, very private, phase in life and wish Vitesco Technologies continued success,” Werner Volz closed.

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