ITV

Tag: Hinduja TMT

  • Hinduja TMT secures further order for call center business

    Hinduja TMT secures further order for call center business

    Hinduja TMT Ltd, (HTMT), the holding company in India for the group’s information technology, media and telecommunications assets, has bagged a further order for its call center business. 

    The order involves handling billing related calls for a large telecom client based in the US and is to be initiated with 200 Customer Service Representatives (CSRs) with immediate effect, a company release states. The capacity would be scaled up to 600 CSRs by June. HTMT is already handling in-bound marketing calls for the same customer.

    HTMT’s customer is a $ 2 billion telecom company and is an integrated communication provider of telecommunication products and services across US and Europe. Queried as to why the name of the company was not mentioned, an HTMT representative said it was because there was a confidentiality clause built into the agreement.

  • Hinduja TMT secures further order for call center business

    Hinduja TMT secures further order for call center business

    Hinduja TMT Ltd, (HTMT), the holding company in India for the group’s information technology, media and telecommunications assets, has bagged a further order for its call center business. 

    The order involves handling billing related calls for a large telecom client based in the US and is to be initiated with 200 Customer Service Representatives (CSRs) with immediate effect, a company release states. The capacity would be scaled up to 600 CSRs by June. HTMT is already handling in-bound marketing calls for the same customer.

    HTMT’s customer is a $ 2 billion telecom company and is an integrated communication provider of telecommunication products and services across US and Europe. Queried as to why the name of the company was not mentioned, an HTMT representative said it was because there was a confidentiality clause built into the agreement.

  • IndusInd Media appoints Samson Jesudas as chief marketing & distribution officer

    IndusInd Media appoints Samson Jesudas as chief marketing & distribution officer

    MUMBAI : IndusInd Media and Communications Ltd (IMCL), which runs the media business of Hinduja TMT including Incablenet, has appointed Samson Jesudas as its chief marketing and distribution officer, ahead of CAS (conditional access system). Jesudas moves in from Zee Turner where he was serving as assistant vice-president, looking after the western region.

    In IMCL, Jesudas will be in charge of marketing and distribution of all products and service offerings of IMCL. This will include digital set-top boxes (STBs) in CAS areas and expansion of internet business to new cities. He will also evolve and execute different marketing schemes for all products and services.

    IMCL is planning to add new channels through its STBs. Jesudas will look after media content and also liasion with ground distribution, broadcasters and content providers. He will also provide market intelligence support to identify and exploit growth opportunities while coordinating with finance, technical and customer care divisions.

    Before joining Zee Turner, Jesudas was working in Pehla in the Middle East and in Star India’s distribution team.

  • Hinduja TMT Q2 net profit at Rs 5081 million

    Hinduja TMT Q2 net profit at Rs 5081 million

    MUMBAI: Hinduja TMT has posted a profit after tax of Rs 5081.989 million for the quarter ended 30 September, 2006 as compared to Rs 120.993 million for the quarter ended 30 September 2005. 

    The company has recorded a total income of Rs 7758 million for the quarter comparing with a year-before of Rs 459 million. Net sales stood at Rs 934.74 million, compared to Rs 410.31 million a year ago.

    Expenditure came to Rs 919.06 million compared with Rs 348.18 million in the third quarter of 2005. Expenditure includes direct / operating cost and connectivity cost Rs 22.407 million, staff cost Rs 412.346 million, rent & compensation charges Rs 58.453 million, legal & professional charges Rs 317.983 million, discounts and commission Rs 4.180 million and others Rs 103.686 million.

    Operating Profit registered at Rs 6839 million from Rs 111 million, a year earlier. 

    The figures related to the current quarter ended 30 September 2006 are strictly not comparable to the corresponding previous quarter, since the Manila Branch commenced operations w.e.f. 1 October, 2005.

    According to the official statement, pursuant to the sale of the company’s effective stake in Hutchsion Essar Ltd., on 30 June, the company (alongwith wholly owned subsidiaries and one offshore group company) received the total consideration of USD 450 million. 

    Part consideration was received on 30 June and the balance consideration on 17 August. As on date, the overseas ITES / BPO arm of the company, Pacific Horizon Ltd, a wholly owned subsidiary has cash surpluses of over USD 130 mn in-organic growth initiatives.

    The company has booked profits (net) on sale of long term investments on sale of Hutch stake and other overseas subsidiaries of Rs 2050 million in the first quarter and Rs 6800 million in the second quarter.

    On 31 August the board approved a scheme of demerger of its IT-ITES/ BPO operations from the company with the appointed date as 1 October. The scheme has been filed with the High Court of Judicature at Bombay and shareholder approval is being sought, informs the release.

  • Hinduja TMT acquires US based BPO firm

    Hinduja TMT acquires US based BPO firm

    MUMBAI: Hinduja TMT Ltd (HTMT) has signed an agreement for the acquisition of a US based BPO company, AFFINA, for an undisclosed amount.

    According to an official statement, this acquisition will enable the HTMT to access a large and high quality client base, comprising many Fortune 500 companies, while enhancing the company’s onshore delivery capabilities in the US in specialized domains like consumer electronics, FMCG, retail, government and telecom.

    AFFINA, a BPO brand in the US, has annual revenues of USD 60 million, and operations in seven centers in the US and Canada. The company has a three – decade track record of serving globally recognized clients.

    This deal strengthens the company’s marketing presence in the US. The company will now be operating from 14 cities, seven of which are in North America, one each in Philippines and Mauritius and five in India.

    The integrated entity would have a customer base of over 65 customers and a total headcount of over 9,000 employees. This acquisition will nearly double the company’s combined revenues to over USD 130 million and catapult the company into the top five pure-play BPO companies in India, informs the release.

    Commenting on the acquisition, HTMT CEO Partha Sarkar said, “AFFINA is a strategic fit in the Company’s global vision, Through its experienced management team, diverse skills and wide-spread network of delivery centers, HTMT is now poised to ramp up its operations in the growing American market. This will be a happy marriage of domain expertise, CRM capabilities and management skills.”

  • Hinduja TMT Q1 records profit at Rs 1670.53 million

    Hinduja TMT Q1 records profit at Rs 1670.53 million

    MUMBAI: Hinduja TMT Ltd has posted a profit of Rs 1670.53 million for the quarter ended 30 June, as against Rs 105.40 million for the same period a year ago.

    Total income is Rs 2850.10 million for the quarter, as against Rs 411.48 million a year ago.

    The figures related to the quarter ended 30 June, are not comparable to the corresponding previous quarter, since the company’s Manila Branch commenced operations with effect from 1 October, 2005.

    HTMT provides information technology (IT), business process outsourcing (BPO) and contact center services.

  • Manic Monday: Media scrips join Sensex free fall

    Manic Monday: Media scrips join Sensex free fall

    MUMBAI: It was truly a Manic Monday for Dalal Street. For the second time in the indices’ history (the first being on 17 May, 2004), trading was suspended at the BSE this morning. The Sensex fell by a whopping 1111.70 points in the morning trade below 10,000 to settle at 9,826.91.

    However, it recovered substantially to close at 10,482 down 457 points. The NSE Nifty, on the other hand, closed at 3081 down 166 points. Media stocks, like the predominant market sentiment, were on a downslide.

    In order to avoid pandemonium in the market, Sebi chief M Damodaran asked people not to go by rumours but to take informed decisions. According to him, Sebi was in touch with the RBI and there were no liquidity problems.

    Among the entertainment and media stocks, one company that managed to beat the heat on the bourses was Times Group company Entertainment Network India Ltd (ENIL), which operates the Radio Mirchi brand. The company’s stocks opened at Rs 239.85 and closed higher at Rs 241.10, thus registering a marginal gain of 0.63 per cent.

    The biggest loser today was Prannoy Roy’s NDTV Ltd. The stocks of NDTV opened at Rs 220 today and closed at Rs 190, weaker by 13.64 per cent. Mid-Day Multimedia, on the other hand, recorded a drop of 11.82 per cent and closed at Rs 61.15 (previous close Rs 69.35).

    Pritish Nandy Communications shed 10.14 per cent to close at Rs 45.65 from its previous close of Rs 50.80. Hinduja TMT; which on Friday 19 May took the deepest plunge, going down by Rs 48.30 to close at Rs Rs 701.75; today dropped 3.10 per cent to close at Rs 680.

    Sahara One Media and Entertainment Ltd and BAG Films both shed around eight per cent in today’s bloodbath. TV Today Network was weaker by 7.76 per cent to close at Rs 81.45 at the end of the day’s trade. K Sera Sera also lost 7.45 per cent and ended the day at Rs 36.05. Television Eighteen shed 5.18 per cent (down Rs 32.95 from yesterday closing at Rs 603.20).

    Company
    Last Traded Price
    Previous close
    Change
    Per cent change
    Adlabs Films
    Rs 267.30
    Rs 271.45
    Rs -4.15
    -1.53
    BAG Films
    Rs 9.63
    Rs 10.54
    Rs -0.91
    -8.63
    Balaji Telefilms
    Rs 139.95
    Rs 147.00
    Rs -7.05
    -4.80
    Cinevistaas
    Rs 21.45
    Rs 22.55
    Rs -1.10
    -4.88
    ENIL
    Rs 241.10
    Rs 239.60
    Rs 1.50
    0.63
    ETC Networks
    Rs 37.65
    Rs 38.50
    Rs -0.85
    -2.21
    Galaxy Ent
    Rs 251.15
    Rs 260.95
    Rs -9.80
    -3.76
    Gemini Comm
    Rs 420.00
    Rs 433.30
    Rs -13.30
    -3.07
    Hinduja TMT
    Rs 680.00
    Rs 701.75
    Rs -21.75
    -3.10
    Jain Studios
    Rs 27.60
    Rs 29.00
    Rs -1.40
    -4.83
    K Sera Sera
    Rs 36.05
    Rs 38.95
    Rs -2.90
    -7.45
    Mid-Day Multimedia
    Rs 61.15
    Rs 69.35
    Rs -8.20
    -11.82
    Mukta Arts
    Rs 42.95
    Rs 45.20
    Rs -2.25
    -4.98
    NDTV Ltd
    Rs 190.00
    Rs 220.00
    Rs -30.00
    -13.64
    Pritish Nandy
    Rs 45.65
    Rs 50.80
    Rs -5.15
    -10.14
    Sahara One Media
    Rs 324.00
    Rs 354.00
    Rs -30.00
    -8.47
    Saregama
    Rs 241.65
    Rs 254.05
    Rs -12.40
    -4.88
    Sun TV
    Rs 1159.55
    Rs 1192.35
    Rs -32.80
    -2.75
    TV Eighteen
    Rs 603.20
    Rs 636.15
    Rs -32.95
    5.18
    TV Today
    Rs 81.45
    Rs 88.30
    Rs -6.85
    -7.76
    UTV
    Rs 176.00
    Rs 183.55
    Rs -7.55
    -4.11
    Zee Telefilms
    Rs 228.20
    Rs 229.60
    Rs -1.40
    -0.61

    In the vicinity of the one – five per cent loss incurred by companies were the likes of Mukta Arts (-4.98 per cent), Cinevistaas (-4.88 per cent), Saregama (-4.88 per cent), Balaji Telefilms (-4.80 per cent), Jain Studios (-4.83 per cent), UTV (-4.11 per cent), Sun TV (-2.75 per cent), ETC Networks (-2.21 per cent), Adlabs Films (-1.53 per cent).

    Media major Zee Telefilms had a relatively quiet day at the bourses, closing at Rs 228.20 down a minimal -0.61 per cent from yesterday’s last traded price of Rs 229.60. On the Nifty, meanwhile, Zee ended the day at Rs 227.40, down 1.22 per cent from yesterday’s close of Rs 230.20.

    The big question on every market punter’s mind at the moment seems of course to be just how low will low go. When will the “market correction” bottom out is something no one seems to be able to hazard a guess on currently.