News Broadcasting
BBC sells technology unit to Siemens
MUMBAI: The BBC has announced that, Siemens Business Services has been selected as the Single Preferred Bidder for a new Technology Framework Contract (TFC) for the Corporation. It will also own BBC Technology.
The contract is for 10 years and is worth up to ?2bn. The announcement followed a rigorous European Union (EU) procurement process and approval by the BBC’s Executive Board. The sale needs the approval of the BBC Governors, the secretary of state for culture, media and sport. It will also have to get clearance by the European Commission (EC) under the terms of the EC Merger Regulation.
The BBC further stated that it chose Siemens as it had demonstrated its ability and commitment to invest in technology services and innovation to meet the BBC’s future technology requirements, with significant projected annual cost savings. The deal is expected to be completed later this year once final contract negotiations are over.
Last year in November the BBC made the sell off decision after conducting a strategic review of its technology requirements for the next decade.
The review had identified potential annual savings for the BBC of between ?20-?30 million if its technology services were outsourced. 1,400 people will be transferred to Siemens.
BBC Technology was created three years ago to deliver significant savings to the BBC through its contract for technology services, including desktop support, and to generate third party revenues. BBC Technology has a turnover of ?230m.
News Broadcasting
Parikshit Luthra exits CNBC-TV18 after 20-year run
Former bureau chief to take brief pause before next role
NEW DELHI: Senior journalist Parikshit Luthra has signed off from CNBC-TV18, marking 28 February 2026 as his final day and closing nearly two decades with Network18 Media & Investments Limited, including eight years at the business news channel.
During his tenure, Luthra interviewed prominent business leaders and Union ministers, reporting on economic policy, corporate strategy, the automobile sector and financial markets. His coverage spanned key inflection points in India’s economic narrative.
He also led new programming formats such as Newscentre, Global Eye and Global Lens, shows that examined politics and foreign policy through an economic prism, reflecting the channel’s push towards globally linked business reporting.
In a LinkedIn post, Luthra said his final weeks were spent covering the Union Budget, the India AI Summit, India’s trade agreements with the US and EU, and the group’s flagship Rising Bharat Summit 2026. He added that he continued anchoring until his last day and briefly met Prime Minister Narendra Modi during his closing assignments.
Luthra joined CNBC-TV18 in June 2018 as assistant editor, later rising to senior editor and chief of bureau, a position he held for over two years. Before that, he worked with Republic TV and CNN-News18.
He said he plans to take a short break before embarking on his next professional chapter.
