News Broadcasting
Hinduja TMT Q1 net up by 40%
MUMBAI: Hinduja TMT Ltd has posted a 67.5 per cent increase in total income to Rs 246.1 million and a 39.6 per cent increase in net profit to Rs 142.4 million for the first quarter ended 30 June, 2002 as compared to the corresponding quarter of the previous year.
Income from its core business of IT, increased by 91.5 per cent to Rs 202.4 million from Rs 105.7 million, bseindia.com has reported.
The company expects a revenue increase of 100-110 per cent from IT business and net profit increase of about 70 per cent in FY 2002-03 as compared to 2001-02. Since the benefit of the services ramp up will be realised in the second half of FY 2002-2003, the company expects that 40 per cent of the above increase will be achieved during the first half of the year and 60 per cent in the second half and the current performance is in line with the guidance given earlier, for which the requisite infrastructure has already been created. Addition of new clients will enable the company to surpass the guidance.
Apart from organic growth in ITS and ITES business, the company is also on the look out for acquisition/merger of units. The company continues to be debt free.
The Board of Directors of the company has recommended a dividend of Rs 6 per share for FY 01-02.
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.
