Brands
AccorHotels & Adlabs to open integrated hotel & resort on 16 September
MUMBAI: AccorHotels is all set to open an integrated hotel and resort property – Novotel Imagica Khopoli on 16 September. Located in the Sahyadri Hills near theme parks of Adlabs Imagica and Aquamagica in Maharashtra, the hotel, which is accessible via the Mumbai – Pune Expressway, is owned by the Adlabs Group and managed by AccorHotels.
In its opening phase, the hotel features 116 rooms, which overlook the park, pool as well as the Sahyadri Hills. The hotel plans to add another 171 rooms and suites later this year, which will also comprise rooms for specially-abled patrons. By the first quarter of 2016, the hotel plans to have an inventory of 287 rooms. Additionally, there are 20 interconnected rooms on each floor catering to larger family groups.
Novotel Imagica Khopoli also features a large meeting space with a pillar-less ballroom that can accommodate approximately 460 guests. The hotel is also home to a bar and four restaurants, which offer a selection of cuisines.
AccorHotels India senior vice president – operations Jean-Michel Cassé said, “The opening of Novotel Imagica Khopoli strengthens our position in the Indian market in line with the brand’s growth strategy. The launch follows the growing trend of integrated hotels with theme parks, along with the brand’s assurance and service standards.”
Adlabs Imagica’s Pooja Shetty Deora added, “We are delighted to be associated with the Novotel brand in India, and are confident that the first theme park property under AccorHotels will prove to be the preferred choice for families and holiday makers. Guests can re-live their childhood memories and treat their children to numerous marquee characters around the hotel.”
To celebrate its opening, the hotel is offering one Superior room night stay with breakfast for two and theme park entry to Adlabs Imagica and Aquamagica park at Rs 10,500 on weekdays and Rs 13,300 on weekends.
Brands
NDTV FY26 loss widens to Rs 323 crore, revenue rises
Q4 loss at Rs 98 crore; FY revenue climbs to Rs 540 crore
MUMBAI: NDTV’s numbers tell a tale where the top line is tuning up but the bottom line is still off-key. New Delhi Television Ltd reported a wider consolidated net loss of Rs 323 crore for FY2025–26, compared to a loss of Rs 218 crore in the previous year, even as revenue showed a steady uptick. Total income for the year rose to Rs 540 crore, up from Rs 472 crore in FY25, driven by higher revenue from operations at Rs 528 crore versus Rs 465 crore a year earlier. However, rising costs across production, marketing and employee expenses weighed heavily on profitability.
For the March quarter, the company posted a net loss of Rs 98.6 crore, compared to Rs 61.9 crore in the same period last year. Quarterly revenue stood at Rs 150.5 crore, up from Rs 128.2 crore year-on-year.
Expenses continued to outpace income. Full-year consolidated expenses surged to Rs 855 crore from Rs 689 crore, led by production costs of Rs 251 crore, employee expenses of Rs 185 crore and marketing spends of Rs 243 crore.
Loss before tax for FY26 came in at Rs 320.7 crore, widening from Rs 217.1 crore in FY25, underscoring persistent margin pressure despite revenue growth.
On the balance sheet front, total assets stood at Rs 704 crore at the end of March 2026, while borrowings both current and non-current remained significant, reflecting ongoing capital and operational requirements.
Cash flow trends offered a mixed picture. While financing activities generated Rs 283.6 crore during the year, operating cash outflows remained substantial at Rs 257.9 crore, highlighting continued strain in core operations.
The performance suggests that while NDTV is managing to grow its revenue base, the cost of keeping the broadcast running and expanding continues to outweigh the gains. In a business where eyeballs are everything, profitability, for now, remains a work in progress.
