News Broadcasting
Hinduja TMT announces Q3 results
MUMBAI: Hinduja TMT Limited (HTMT), at its Board Meeting held today, announced its results for the third quarter ended 31st December, 2006.
HTMT’s total income for the quarter increased year-on-year from Rs. 82.42 crores to Rs. 85.23 crores. The Net Profit for the quarter went up by 68% from Rs 11.07 crs to Rs 18.56 crs. Profit from ITES/BPO operations showed improvement y-o-y and rose by 40% from Rs. 7.04 crores to Rs 10.10 crores, because of continuing efforts on cost control initiatives carried out by the management.
HTMT globally offers outsourcing solutions in leading verticals viz. Insurance, Healthcare, Telecom, Consumer Electronics. It has a strong 60+ client base served out of 17 centres in 7 countries and employs 9,000 employees worldwide.
With its new delivery centre in Mysore opened recently, HTMT now has presence in 5 cities in India, apart from 12 internationally viz. 6 in USA, 2 in Canada, 1 each in UK, Europe, Manila and Mauritius, Partha Sarkar, CEO of HTMT said “We are entering exciting times, as the BPO space is undergoing a huge transformation. KPO offers companies like us the opportunity to grow exponentially riding on the back of strong processes and high quality service while consistently delivering Customer Delight. HTMT is on the lookout to acquire capabilities in new areas like F & A, Human Resource Outsourcing, Mortgage, Retail, Travel and Hospitality etc. in the USA-UK market. The Company continues to look out for good opportunities in companies that have developed niche capabilities in new service lines.”
News Broadcasting
BBC to cut up to 2,000 jobs in biggest overhaul in 15 years
Cost pressures and leadership change drive major workforce reduction plan
LONDON: BBC has unveiled plans to cut up to 2,000 jobs, roughly 10 per cent of its global workforce, in what marks its biggest downsizing in 15 years.
The announcement was made during an all-staff meeting led by interim director-general Rhodri Talfan Davies, as the broadcaster moves to tackle mounting financial pressures and reshape its operations.
Between 1,800 and 2,000 roles are expected to be eliminated from a workforce of around 21,500. The cuts form part of a broader plan to save £500 million over the next two years, aimed at offsetting rising costs, stagnating licence fee income and weaker commercial revenues.
In a communication to staff, BBC interim director-general Rhodri Talfan Davies said, “I know this creates real uncertainty, but we wanted to be open about the challenge,” acknowledging the impact the move would have across the organisation.
The restructuring comes at a time of leadership transition. Former director-general Tim Davie stepped down earlier this month, with Matt Brittin, a former Google executive, set to take over the role on May 18, 2026.
While some cost-cutting measures are being implemented immediately, the majority of the structural changes are expected to roll out over the next few years, with full savings targeted by the 2027–2028 financial year.
The broadcaster had earlier signalled its intent to reduce its cost base by around 10 per cent over a three-year period, warning of “difficult choices” as it adapts to shifting economic realities and audience expectations.
With operating costs hovering around £6 billion annually, the BBC’s latest move underscores the scale of the financial challenge it faces, as it balances public service commitments with the need for long-term sustainability in an increasingly competitive media landscape.
