News Broadcasting
Essel Propack Q1 net up 9 per cent
MUMBAI: Essel Propack has reported a 9 per cent jump in consolidated net profit at Rs 196 million for the first quarter ended 31 March 2005, up from RS 180 million a year ago.
According to an official release, the total income increased from RS 1,526 million in Q1-2004 to RS 1,911 million for the quarter ended 31 March 2005.
Essel Propack, on a stand-alone basis, has recorded a net profit of RS 115 million for the quarter ended 31 March as compared to RS 117 million a year ago. Total income has increased from RS 578 million in Q1-2004 to RS 640 million for the quarter ended 31 March 2005.
In an official release, Essel Propack attributes the growth recorded in global revenues to its improved performance in the major markets of USA and China, coupled with the increased turnover from Arista Tubes, UK, the plastic tubes manufacturing company acquired in August 2004.
Announcing the first quarter results, Essel Propack VC and MD Ashok Goel said, “The trend of increased share of overseas operations to our consolidated revenues will continue. The recent commencement of commercial production at our Russian plant is a significant step towards our future growth. The growth in USA has surpassed our expectations and holds further promise in the coming period.”
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.
