MUMBAI: Times Network has elevated Nikunj Dalmia as managing editor of ET Now. He will succeed Sandeep Gurumurthi, who announced his decision to move on from his current responsibilities.

In his new role, Dalmia will report to Times Network MD and CEO MK Anand and will lead all editorial decisions for the channel, head news programming, conceptualise shows in addition to his anchoring responsibilities - The Market, Closing Trades and Market Makers.

Commenting on the development Times Network MD and CEO MK Anand said, "Sandeep has been an integral part of ET Now, right from its inception. We are grateful to him for his many contributions in making ET Now a front runner and the most coveted Business news channel in India. We wish him well in his future endeavor. We are also pleased to welcome Nikunj in his new role and I’m sure he will lead ET Now to greater glories.”

Dalmia has over 20 years of experience. In his previous role as the executive editor – Financial Markets, ET Now has built a reputation of understanding the dynamics of the markets and has gained respect of the market voices and viewers alike. Dalmia is India’s most seasoned Business News anchor who has witnessed the journey of the SENSEX from 2800 to 36000.

On his new role, ET Now managing editor, Nikunj Dalmia said, “I’m honored to take over the new responsibility and I’m thankful to Sandeep for his guidance and contribution to the success of the channel. I look forward to taking on this mantle and further the momentum of ‘Rise with India’.

Sandeep Gurumurthi said, "I’ve cherished a decade long association with ET Now and I'm thankful to the Times Group, MK Anand and the fabulous team for their support in building a powerful brand. Under Nikunj's leadership, I feel very confident that the channel and the company will continue to follow its aggressive growth path and achieve more success.”