News Broadcasting
HTMT net up 22% to Rs 756 million
MUMBAI: Hinduja TMT today reported a total income of Rs 1624.8 million for the financial year ended 31 March 2004 compared to Rs 1144.7 million for the year ended 31 March 2003, an increase of 42 per cent. Net profit grew 22 per cent from Rs 620.3 million to Rs 756.2 million.
The ratio of net profit to total income at 46% is in accordance with guidance given, a company release states.
The earning per share increased 22 per cent to Rs 18.49 per share from Rs15.16 per share in the previous year.
While the total income for the quarter ended March 04 rose by 27 per cent to Rs 407.9 million, net profit was at Rs 155.4 million, compared to Rs 155 million for the quarter ended March 03. The ramp up and training of staff and creation of additional infrastructure facilities during the quarter to meet the significant growth in business expected in 2004-05 led to increase in overall-cost which resulted in net profit not rising in tandem with total income.
The execution of new orders for which pilots have been successfully completed and increase in business from existing clients will ensure growth in profits during 2004-05.
HTMT’s robust business model focusing on ITES-BPO services backed by IT services has resulted in the company posting a three-year compounded average growth rate (CAGR) of 56.4 per cent for its IT income.
The company continued to be debt free as on 31 March 2004 and has a book value of Rs 113/- per share.
“Our results for 2003-04 represent continued progress across a number of key operational fronts and were driven by improved profits in the BPO segment of business,” said S. Solomon Raj, Vice Chairman, HTMT.
News Broadcasting
WITT Summit 2026 concludes in New Delhi
Babar Azam’s comical diving attempt goes viral as league introduces anti-dew measures.
MUMBAI: The WITT Summit just wrapped up with enough big ideas to fill a policy playbook because when India’s leaders, thinkers and icons gather under one roof, even the conversations hit sixes. The eighth edition of TV9 Network’s flagship What India Thinks Today (WITT) Summit 2026 concluded on Saturday after two days of dynamic discussions at its New Delhi venue. India’s largest multi-domain public policy and culture summit brought together political leaders, policymakers, sports icons, artists and technology innovators to examine the forces shaping contemporary India and its global standing.
Prime minister Narendra Modi delivered the keynote address on the theme “India and the World” for the third consecutive year. In a wide-ranging speech, he addressed the ongoing conflict in West Asia, calling for restraint and compassion while highlighting India’s continued development trajectory despite global turmoil.
The summit featured candid conversations with state leaders. Telangana Chief Minister A. Revanth Reddy articulated a people-first governance model and contrasted it with other development approaches. Madhya Pradesh Chief Minister Mohan Yadav declared that Left-wing extremism had been effectively eliminated in his state and highlighted preparations for the upcoming Kumbh Mela. Punjab Chief Minister Bhagwant Mann defended his government’s record, citing the closure of 19 toll plazas and creation of the Sadak Suraksha Force. Karnataka Deputy Chief Minister D.K. Shivakumar expressed confidence in Congress prospects in Assam and addressed recent allegations against him.
On geopolitics and national security, Union Minister Jyotiraditya Scindia outlined India’s ambition to become a builder of trusted digital infrastructure for the world, citing the rapid 5G rollout and village-level 4G connectivity.
Cricket received significant attention. Former India captain Sourav Ganguly praised player freedom and trust as hallmarks of great leadership and named MS Dhoni as the greatest captain due to his World Cup successes. India women’s team bowling coach Aavishkar Salvi credited the BCCI and Women’s Premier League for building a pipeline of world-class talent behind the team’s recent ODI World Cup triumph.
The summit also hosted the inaugural AI² Awards 2026, celebrating the convergence of human creativity and machine intelligence in storytelling and content creation. Poet and kathavachak Kumar Vishwas delivered a nuanced take on India’s concept of Dharma and criticised the recent arrest of an 80-year-old Shankaracharya. Veteran lyricist Sameer Anjaan and storyteller Neelesh Misra reflected on changing music trends and artistic responsibility in the wake of a recent controversy involving Nora Fatehi.
In a country where conversations often run as deep as the Ganges, the WITT Summit proved once again that when leaders, thinkers and storytellers come together, the real winner is public discourse lively, layered and refreshingly unafraid to tackle the big questions shaping India’s tomorrow.
