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Hinduja TMT net rises to Rs 165.11 million
MUMBAI: Hinduja TMT (HTMT) has posted a net profit of Rs 165.11 million for the quarter ended 31 December 2002 (DQ-02) as compared to Rs 131.05 million in the quarter ended 31 December 2001 (DQ-01). Total Income has increased from Rs 201.66 million in DQ-01 to Rs 296.09 million in DQ-02.
HTMT’s vice chairman S. Solomon Raj claims that the expected introduction of Conditional Access System (CAS) with effect from 14 July 2003 would ensure a bright future for HTMT’s major subsidiary, IndusInd Media & Communications, an integrated broadband MSO with a large client base. He was also quoted as saying that the post-CAS scenario and is likely to benefit in terms of improving HTMT’s consolidated financials and produce greater customer satisfaction.
On the Bombay Stock Exchange (BSE), the scrip opened at Rs 284.03 but dropped by 5.49 per cent to Rs 268.70. On the National Stock Exchange, the scrip opened at Rs 284.15 and dropped to Rs 268.50 (down 5.51 per cent).
On 20 January 2003, Hinduja TMT informed the BSE that Bombay High Court has approved the merger of Sarthak Mercantile Pvt Ltd with the company. This announcement ensured that the Hinduja TMT shares closed at Rs 284.30 (up Rs 4.75 or 1.70 per cent) against its previous close of Rs 279.55 on the BSE.
To manage risks posed by external environment and meet the requirements of its overseas clients for geographical diversity and disaster recovery, HTMT has entered into an agreement with a call centre company in the Philippines and is providing such services for its clients with effect from 15 November 2002.
HTMT, as part of its IT/BPO combination, is also focusing on high-end applications like engineering design and R&D services and has successfully completed pilots in engineering design software services for two companies from Europe – an automobile major and an engineering services company – and regular orders are likely to flow from them for onsite and offshore services.
HTMT vice chairman S. Solomon Raj was quoted in a release as saying: “The rapid growth in our performance during the nine month period of the current fiscal as compared to the previous year was due to continuous ramping up of our IT/BPO combination. Our collaborative business model, which aims to achieve creation of multiple values across the demand-chain by synchronizing our internal processes with the processes of our customers, has also facilitated the growth. The results are in accordance with the guidance given for FY 2002-03.”
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
