ITV

Tag: ITES

  • Hinduja Group’s Ashish Kaul joins Prakash Jha Productions as CEO

    MUMBAI: Prakash Jha Productions has appointed the media and entertainment vet Ashish Kaul as the CEO for its television and digital business.

    Kaul has taken up this role after being the business head for IN Entertainment India Limited, the digital cable broadcasting & content business of Hinduja Group. He had joined the group in 2012 as the vice-president.

    Kaul has over 23 years of experience in leadership roles across managing businesses across entertainment, news, ITES, retail and consumer goods. He has served in executive governance roles with conglomerates such as the Essel Group / Zee Network, Credence International, BAG Films, Bajaj Herbals and Golden Medias. He was also the CEO for Association of Motion Pictures & TV Programme Producers in India.

    Prakash Jha Productions is a brand incorporated by the well-known director of topical cinema Prakash Jha, to take his unique brand ‘Cinema with Power’ forward.

    Prakash Jha Productions has been synonymous with the production of quality films for over 20 years. He is a multiple award-winning filmmaker known nationally and internationally for his critically acclaimed and popular films including Amitabh Bachchan starters Satyagraha & Aarakshan, and Raajneeti, Apaharan, Gangaajal, Mrityudand, Parinati and Damul as well as award-winning documentaries such as Sonal, Faces After The Storm, Kudiattam, and Looking Back. Other feature productions include Rahul (2001), Dil Kya Kare (1999) and Hip Hip Hurray (1983).

    Confirming the news to Indiantelevision.com, Kaul said, “Television and digital media is a sunrise industry with tremendous potential of reach and value for the advertisers. I believe the approach to content production and management for television and digital space is not yet understood by the industry and I believe Prakash Jha Productions will be that catalyst of change. Personally, I would like to bring in a collaborative effort to content creation that delivers reach, popularity and ultimately value to the advertisers.”

  • DoT grants ILD & NLD licenses for BT India

    DoT grants ILD & NLD licenses for BT India

     MUMBAI: BT announced that it has been granted international long distance (ILD) and national long distance licenses (NLD) by the Department of Telecommunications, Government of India. These licenses enable BT’s newly-formed joint venture company, BT Telecom India Pvt Ltd, to offer services for the first time directly to multi-site corporate customers in the Indian market.

    BT plans to provide corporate customers who have sites in India with virtual private network-based (VPN) services using technologies such as internet protocol-based multi-protocol label switching (MPLS) and ATM.

    BT Global Services CEO Andy Green said, “This is fantastic news, allowing BT to establish and manage our own operations in India. It’s also great news for our multinational customers doing business in India and our Indian customers wanting to access a BT-managed network which is connected to BT’s comprehensive global network across Asia Pacific, Europe and North America.”

    Minister of Communication and IT M Maran said, “To further promote investment into India and enhance business opportunities for Indian companies operating overseas, India must have the best and latest infrastructure. These licenses will allow BT to bring its 21 CN services to India’s IT and ITES sector and increasing their competitiveness through connectivity, availability, quality and responsiveness on a global scale.”

    The company also predicted in 2006 that its revenues from India will be US$250 million by 2009 and that it is looking to increase its Indian employee strength by hiring an additional 6,000 people within the next two years. In February 2007, BT signed an agreement for the acquisition of i2i Enterprise Pvt Ltd, a Mumbai-based enterprise services company specialising in internet protocol (IP) communications services for major Indian and global multinational companies.BT also plans to add additional resources to support its already substantial capabilities in outsourcing and systems integration services.
     

  • 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.