MAM
Nimbus to market DD telecast feed
NEW DELHI: The Delhi High Court today ordered Nimbus Sports to deposit Rs 55 million within a week, even as it gave the marketing rights to the former because it had said it could raise almost five times more than competing public broadcaster Prasar Bharati out of the ongoing India-West Indies match-up and the upcoming One-Day International series involving Sri Lanka.
The court, hearing the issue of marketing rights between Prasar Bharati and Nimbus, was told by the pubcaster that it could raise Rs 42.6 million from marketing the seven cricket ODIs involving India, on their stand-alone DD Sports channel. To this, Nimbus had said that they would raise Rs 220 million if given the marketing rights for the DD Sports channel, and hence was given the rights to market the events, to which they hold rights, on behalf of DD.
“This means DD would actually get much more than it had hoped for. If they had to market their own channel, they would have got Rs 42.6 million, theoretically, and they would have to give away 75 per cent of that to Nimbus Sports, as per their own guidelines and offers made by them. Now they are getting Rs 220 million without a marketing exercise,” sources held.
Meanwhile, the rights to market events on AIR’s 69 channels lies with Prasar Bharati, and the court will decide on the revenue sharing ratio on 10 February, when the rest of the contentious issue would also be taken up. The court, however, held that though Prasar Bharati could stream the matches thorough its DTH platform, it could not allow any private DTH operator to access that and show the matches.
Prasar Bharati spokesperson Manish Desai told indiantelevision.com, “We have no arrangements with any private DTH operators to access our DTH signal, but ours is a free-to-air channel and we have no mechanism to stop this. The court has been informed of this and it has taken note of this too.”
Officials said that DD had quoted a low rate of Rs 42.6 million as they were to market only their own channel, and that too at a seven-minute delayed telecast. Sources also pointed out that they feel that with this not being a prime event for various reasons, and hence marketing it at a high rate could be well nigh impossible.
Among the reasons cited are that this is the fourth quarter of the financial year and most corporates are tightening their purse strings. Secondly, in the coming matches with Sri Lanka involved and some of their prize players not likely to be in the team, like Chaminda Vaas, the attraction level is low, DD officials feel. The third reason is that recent abysmal performance of India in South Africa had dampened viewership substantially.
They pointed out too that even as of date, Nimbus’ Neo Sports is not carrying too many advertisements, with a large volume of them being their own channel advertisements.
In that sense, there was a sense of relief within Prasar Bharati that it would rake in more than it was expecting to.
Brands
HCLTech delivers Rs 24 dividend as revenue hits Rs 1.3 lakh crore
IT giant delivers solid growth for shareholders with a major payout despite navigating global market shifts.
MUMBAI: HCLTech has clearly found the right code for financial success, proving that its operational strategy is more than just a quick fix for the digital age. The technology titan’s board of directors officially signed off on their year-end deliberations on 21 April 2026, revealing a set of annual results that suggest the company’s growth trajectory remains well-buffered against economic volatility.
The primary highlight for investors is the declaration of an interim dividend of Rs 24 per equity share (on a face value of Rs 2) for the 2026–27 financial year. Shareholders will not have to wait long for the processing of these funds; the record date is set for 25 April 2026, with payments scheduled to be completed by 5 May 2026. This follows a total dividend of Rs 54 per share already distributed during the 2025–26 fiscal year.
The consolidated annual results show a company operating at a high frequency across its global markets. Total revenue surged to Rs 130,144 crore for the year ended 31 March 2026, a significant jump from the Rs 117,055 crore recorded the previous year. Net profit remained robust at Rs 16,652 crore for the full year, despite a slight dip from Rs 17,399 crore seen in 2025. Quarterly performance also reflected steady momentum, with Q4 revenue reaching Rs 33,981 crore and net profit at Rs 4,490 crore, compared to Rs 30,246 crore in revenue during the same period last year.
The company’s diverse service portfolio played a balanced role in this financial performance. IT and Business Services remained the primary engine, contributing Rs 96,094 crore to annual revenue. Engineering and R&D Services showed strong growth, climbing to Rs 22,056 crore for the year, while HCL Software maintained a consistent stream of Rs 11,994 crore.
It was not entirely smooth scrolling, as the company had to account for specific financial hurdles. HCLTech faced a one-time impact of Rs 956 crore due to the New Labour Codes. Additionally, total expenses for the year rose to Rs 108,616 crore. This was largely driven by employee benefits, which reached Rs 74,143 crore, a figure that reflects the ongoing high costs of securing top-tier tech talent in a competitive market.
On the standalone front, the company reported a profit before tax of Rs 10,024 crore for the year. However, the final quarter saw a standalone loss of Rs 900 crore, which the company attributed to a material Bilateral Advance Pricing Agreement (BAPA).
Despite the rise in costs, HCLTech’s financial “cache” remains substantial. Total assets grew to Rs 116,258 crore as of 31 March 2026, compared to Rs 105,544 crore a year earlier. The company’s cash and cash equivalents stood at a healthy Rs 8,195 crore at year-end, providing ample bandwidth for future investments and expansion.
As the global tech landscape continues to shift, HCLTech appears to have the right architecture to maintain its performance, ensuring that for its investors, the future remains highly user-friendly.
