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Parliamentary panel for guidelines on sting operations

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MUMBAI: A Parliamentary Committee has asked the government to come out with guidelines and norms for sting operations.

Headed by Congress MP V Kishore Chandra Deo, the seven-member Committee said: “The Union government may initiate steps for laying guidelines and norms for sting operations.”

In its report on the alleged cash-for-votes scam, the Committee observed that carrying out sting operations in an unregulated manner, which casts aspersions on members of Parliament, erode the credibility of democratic institutions.

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It further added: “The Committee, is, therefore of the opinion that such motivated trial by the media needs to be regulated.

The Committee said that sting operations are often driven by sensational quotients. It is to increase the TRP ratings of TV channels vis-a-vis their rivals and more often than not for monetary and other considerations.

“The committee wishes to express concern over the fact that the media has been indulging in a race to achieve viewership through sensationalism on a competitive basis,” the committee said in its report.

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Expressing concern over the fact that the media is indulging in a race to achieve viewership through “sensationalism” in a competitive basis, it recalled that in the cash-for-votes scam one channel had implied that all members are susceptible to corruption.

The committee was formed after three Bharatiya Janata Party (BJP) MPs – Ashok Argal, Faggan Singh Kulaste and Mahavir Bhagora – stunned the nation by brandishing wads of cash in the Lok Sabha shortly before the Manmohan Singh government was to face the trust vote on 22 J

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News Broadcasting

Network18 Q4 revenue grows 9.7 per cent, EBITDA at Rs 30 crore

PAT improves to Rs 306.6 crore, margins steady amid cost pressures.

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MUMBAI: Not all news is breaking, some of it is quietly improving. Network18 Media & Investments Limited appears to be doing just that, tightening losses and stabilising margins even as costs continue to weigh on the business. For FY26, the company reported revenue from operations of Rs 1,955.1 crore, up from Rs 1,896.2 crore in FY25, signalling modest top-line growth in a challenging media environment. Total income stood at Rs 1,978.2 crore, compared to Rs 1,913 crore a year earlier.

Profit after tax came in at Rs 306.6 crore for the year, a sharp turnaround from Rs 3,225.4 crore in FY25, largely reflecting the absence of large exceptional items that had inflated the previous year’s numbers. On a more comparable basis, the company’s operating performance showed signs of gradual stabilisation.

However, the quarterly picture remained under pressure. For the March quarter, Network18 reported a loss of Rs 53.1 crore, narrower than the Rs 98.1 crore loss in the same period last year, but still indicative of ongoing cost challenges.

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Expenses continued to track high. Total expenses for FY26 stood at Rs 2,235.7 crore, up from Rs 2,197.8 crore in FY25. Key cost heads included operational expenses of Rs 765.9 crore, employee benefits of Rs 475.9 crore, and marketing, distribution and promotional spends of Rs 427.1 crore, underlining the continued investment required to sustain reach and engagement.

At an operating level, margins remained under strain. Operating margin stood at 2.33 per cent for FY26, marginally higher than 1.77 per cent in FY25, while net profit margin remained negative at -13.02 per cent, though improved from -14.89 per cent.

On the balance sheet, total assets rose to Rs 8,957.6 crore as of 31 March 2026, from Rs 8,317.5 crore a year earlier. Equity strengthened to Rs 4,958.7 crore, while borrowings increased to Rs 3,112.8 crore, reflecting a higher reliance on debt to support operations.

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Cash flows told a mixed story. While financing activities generated Rs 83.9 crore, operating cash flow remained negative at Rs -24 crore, highlighting ongoing pressure on core cash generation. Cash and cash equivalents, however, improved to Rs 33.9 crore from Rs 1.8 crore.

The numbers point to a company in transition growing revenues, trimming losses, but still grappling with structural cost pressures. In a sector where scale often comes at a price, Network18 seems to be inching towards balance, one quarter at a time.

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