News Broadcasting
Essel Propack global sales up by 29% in Q1 ’05
MUMBAI: Subhash Chandra promoted Essel Propack ltd has posted 29 per cent growth in its global sales for the first quarter that ended on 31 March, 2004.
The laminated tubes manufacturer announced the un-audited consolidated global results for the first quarter of 2004. While the global sales stood at Rs 1,521 million, the results show a net profit Rs180 million.
Announcing the Q1 results, Essel Propack vice chairman and managing director Ashok Goel said, “The sales have increased primarily due to the full impact of new operations in USA, growth in the China market and also our sales improvement from Indian operations.”
Besides informing that the consolidated global sales grew 29 per cent as compared to the corresponding period of the previous year, a company release exalts that the first quarter recorded a growth of 10.4 per cent in net profit compared to the same period of the last year.
Head quartered in India, the company provides packaging solutions to toothpaste, pharmaceuticals, cosmetics and Industrial sectors all over the world.
The company has major presence in the markets of USA and China, besides India. While the release German operations have reported significant improvement in asset utilization levels, customer off-take and profitability, the Egypt operations have recorded upswing in sales volumes, says the release.
According to the release, company’s USA operations are fully scaled up and efforts are on to improve the profitability through higher manufacturing efficiencies. The company is optimistic that the volumes in China would continue to grow.
News Broadcasting
Rajesh Sundaram joins NDTV Profit as senior editor, assignment
The 32-year newsroom veteran has launched channels on three continents and covered everything from 9/11 to South African television
MUMBAI: NDTV Profit has bolstered its newsroom with a hire who has done rather more than most. Rajesh Sundaram, a journalist with over three decades of editorial, managerial and consultative experience across India and international markets, joins as senior editor, assignment, tasked with sharpening the network’s newsgathering and real-time response.
Sundaram’s career reads like a tour of Indian media’s most formative moments. He began at Businessworld in 1994, moved to Zee News as bureau chief across Mumbai and Chennai, then joined NDTV in 2002 as part of its political bureau during a particularly febrile period in Indian politics. A stint as India correspondent for Al Jazeera International followed, where he covered key geopolitical developments and got his first serious taste of the global newsroom.
What sets Sundaram apart, however, is his serial channel-launching habit. At NewsX, he helped get the operation off the ground. At Headlines Today, part of the India Today Group, he served as editor. At News Nation, he helped launch the Hindi news channel and its digital ecosystem. He then crossed continents to lead the launch of ANN7 in South Africa as editor-in-chief, overseeing both television and digital. Back in India, he launched Tamil news channels News7 Tamil and Cauvery News, and later served as principal consultant for the launch of Marathi channel Lokshahi. Most recently, he helped build and lead the Press Trust of India’s video service and content studio, before stints consulting for Business Today and The Himalayan Times.
Rahul Kanwal, chief executive and editor-in-chief of NDTV, left little doubt about what Sundaram is expected to deliver. “The assignment desk is where a newsroom’s intent becomes action,” he said. “Rajesh brings a rare combination of field experience and leadership in building news operations at scale.”
Sundaram has reported from across India and the world, covering elections, civil conflicts, the aftermath of the 9/11 attacks and the 2008 US presidential election.
At NDTV Profit, he will lead the assignment desk, driving editorial coordination and real-time response across markets and breaking developments. For a business news network sharpening its focus on speed and multi-platform delivery, it has hired a man who has built newsrooms from scratch on three continents. The assignment desk is in good hands.
