James Murdoch is planning to shake-up News Corporation’s Star Asian television operations in a move which will mean sharp job cuts in Hong Kong and the rest of the region. Star’s Indian operation, which generates the most profits for the group in Asia, will become independent and start reporting directly to James Murdoch’s base in Wapping. He has been the head of News Corp’s Asian and European operations since 2007. The group is aiming to slash costs and consolidate overlapping operations. James Murdoch was posted to Asia in 2000 to 2003 to turn around the business which had been losing money since his father, Rupert Murdoch, took it over in 1993.