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India’s Bharat Electronics Limited inks $630M Deal with Israel

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Bharat Electronics Limited
Bharat Electronics Limited

India’s Bharat Electronics Limited have inked a $630 million contract with Israel.

SAN FRANCISCO (Diya TV) — Indian state enterprise Bharat Electronics Limited have inked a $630 million with Israel Aerospace Industries to jointly produce four long-range surface-to-air missile systems for the Indian Navy.

“Yes, a contract was signed May 19 in Bangalore for [LRSAM] systems. However, work share and other commercial details are confidential and cannot be shared,” Bharat Electronics Limited’s marketing director, Anandi Ramalingam, said. “BEL will start delivering the [LRSAM] systems from early 2020, onwards.”

Per the terms of the agreement, Bharat Electronics Limited will produce a major portion of the multifunction active electronically scanned array naval radar system, or MF-STAR, and the rest of the weapon control systems, Ramalingam added.

The Indian company will also be responsible for carrying out system integration and commissioning activities.

In a press release issued Monday, Israel Aerospace Industries announced it was awarded “an additional, $630 million contract for supply of LRSAM air and missile defense systems for four ships of the Indian navy. The contract will be carried out, for the first time, with Indian government company Bharat Electronics Limited (BEL), which serves as the main contractor in the project as part of India’s ‘Make in India’ policy.”

Israel Aerospace Industries president and chief executive Joseph Weiss offered: “The new contract adds to other deals signed in the last decade by IAI with India’s defense forces, reinforcing IAI’s global leadership position in air and missile defense systems. The inclusion of Indian governmental company BEL for the first time, is a step up in our relationship with the Indian industry as part of the ‘Make in India’ policy.”

The LRSAM system is meant for both Indian and Israeli defense forces. Each unit comprises one command and control system, an MF-STAR radar system and two launchers that can send eight 150-kilometer-range radio frequency surface-to-air missiles simultaneously. The system also provides 360-degree coverage.

“Prior to signing the contract, the System was successfully tested last week in India as part of operational interception trial aboard India’s navy ship, demonstrating again the [LRSAM] System’s operational capabilities in a representative scenario with genuine target,” the IAI release read.

During the trial launch, the missile in midair “engaged the target, aligned its course, hit it and destroyed it,” IAI said. “All components of the weapon system have successfully met the goals set to them.”

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Veteran tech executive Raghu Rau named TiVo interim CEO

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Veteran tech executive, Raghu Rau named interim CEO of TiVo

SAN JOSE, Calif. – (Diya TV) Raghu Rau, a veteran executive and board member of TiVo is named interim CEO and President of TiVo Corporation. He replaces Enrique Rodriguez, who resigned only 8 months into his stint as TiVo CEO to become Liberty Systems CTO in Europe. Rodriguez took on the helm at TiVo in November of last year, succeeding longtime President & CEO, Thomas Carson. He previously held executive positions at AT&T, Sirius XM, Microsoft’s Xbox and Cisco Systems.

Rau has served on the TiVo Board since 2015 and brings decades of leadership experience from helming video software vendor SeaChange International. Previously, Rau held multiple senior management positions at Motorola Inc. Since August 2017, he also serves as the Chairman of the Board for Quantum, a storage, archive and data protection vendor.

TiVo shares over the past year have dropped nearly 37% as the TV pioneer tries to adjust direction in the evolving video & media landscape.

Rodriguez will remain a part of TiVo’s board during the transition. In a statement Rodriguez said, “My personal decision to pursue another opportunity was not easy. I couldn’t be more excited about what lies ahead for TiVo as I expect our performance through the second quarter of 2018, including our announced profit improvement actions, to be ahead of our internal plan. I am looking forward to continue my relationship with TiVo in my new role as a customer and partner. Until then, I am committed to working with the TiVo team to ensure a seamless transition.”

Chairman of TiVo’s Board of Directors, James Meyer remarked, “On behalf of the Board, I want to thank Enrique for his leadership and we wish him the best in his next chapter. We are fortunate to have a world-class leadership team in place and are pleased to have someone of Raghu’s caliber step in to lead the Company. He has been a member of the TiVo Board of Directors since 2015 and is a proven leader with extensive experience in the video industry and in the management of intellectual property. I am confident that Raghu, alongside the rest of the leadership team, will continue to drive the value that TiVo’s innovative technology portfolio brings to the fast-growing and hyper-competitive entertainment industry.”

Rau is happy to take on the challenge, saying “this is an exciting time for TiVo and I am eager to jump in as interim President and Chief Executive Officer. I look forward to working closely with our outstanding management team as we continue to innovate, profitably grow our customer base in key market segments, and expand our international presence. I also look forward to working with the Special Committee of the Board to bring our strategic alternatives process to a successful, value creating solution for our shareholders.”

Rovi acquired TiVo for $1.1 billion in 2016 and took on the DVR company’s name.

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Ivanka Trump meets Indian Minister Sushma Swaraj during UN general session

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Ivanka Trump Sushma Saraj
Ivanka Trump Sushma Saraj

President Trump’s daughter and advisor Ivanka Trump met with India’s External Affairs Minister Sushma Swaraj during the annual UN General Assembly session in New York. Photo courtesy of Indian Embassy in Washington, D.C.

NEW YORK (Diya TV) — President Trump’s daughter and advisor Ivanka Trump met with India’s External Affairs Minister Sushma Swaraj during the annual UN General Assembly session in New York.

Ivanka, who is leading the American delegation to the Global Entrepreneurship Summit (GES) in India in November, discussed women’s entrepreneurship and workforce development.

“We had a great discussion on women’s entrepreneurship, the upcoming #GES2017 and workforce development in the U.S. and India,” Ivanka tweeted after the meeting. The summit will be co-hosted by India and the U.S. in Hyderabad Nov. 28 to 30. The annual event is a premier gathering of emerging entrepreneurs, investors and business leaders from around the world.

The 35-year-old Ivanka expressed her respect for Swaraj, whom she described on Twitter as a “charismatic” foreign minister.

“I have long respected India’s accomplished and charismatic Foreign Minister Sushma Swaraj, and it was an honor to meet her today,” Ivanka stated.

Swaraj discussed “Women Empowerment” and Ivanka’s forthcoming visit to India, the Indian Embassy in Washington, D.C. stated.

Leading a high-powered Indian delegation, Swaraj will be hosting several meetings with Global leaders.

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Former MGM executive Roma Khanna named Revolt TV’s next CEO

Former MGM executive Roma Khanna named Revolt TV’s next CEO

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Roma Khanna
Roma Khanna

Sean Combs Announces Roma Khanna CEO of Revolt TV

LOS ANGELES (Diya TV) — Sean Combs has announced Roma Khanna the CEO of Revolt TV.

“As Revolt continues to grow as a brand and expand globally, I knew we needed a seasoned executive with a proven track record to keep the momentum going and help me lead the network into the future,” said Combs. “Roma is that person. She has the experience and tenacity to build on Revolt’s success and as we continue to influence content and culture around the world.”

“After decades of building large-scale businesses in TV and media, I am excited to have the opportunity to work alongside visionary Sean Combs to get hands-on and redefine content models with a view to building a modern, relevant, global cultural brand,” said Khanna. “Revolt is ready to create and curate content and super-serve its audience on its own TV platform and beyond, living and breathing with its audience wherever they might be.”

Revolt says the company’s mission is to build on its platform to offer long- and short-form content revolving around hip-hop music and culture. According to Revolt’s website, “REVOLT is focused on expertly curating the best of the best in music and engaging youth in social conversation – on-air, on-line, on-demand. The multi-genre, multi-platform network offers breaking music news, videos, artist interviews, exclusive performances, and original programming.”

Revolt claims to have over 50 million young adult consumers through television, digital properties, social and mobile. REVOLT is accessible 24/7 – anytime, anywhere, any screen.

Khanna left MGM, where she served as president, in late 2015. She helped launch FX’s “Fargo” and History’s “Vikings.” She spent three years as president of global networks for NBC Universal’s international networks wing. She also oversaw the development of Hulu hit “Handmaid’s Tale.”

Revolt had been without a CEO for a year, since Keith Clinkscales left the company last August. Revolt launched as a linear channel in the U.S. in October 2013 and has since expanded to Africa and the Caribbean.

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