News Broadcasting
CNBC-TV18 and HSBC India celebrates achievements of SMEs with SME Champion Awards
Mumbai: CNBC-TV18, India’s leading business and financial news channel, in collaboration with HSBC India, is set to host the grand finale of HSBC presents CNBC-TV18 SME Champion Awards. This landmark event caps off a transformative six-month initiative dedicated to recognizing and celebrating the remarkable achievements of India’s Small and Medium Enterprises (SMEs). These awards stand as a testament to the sector’s pivotal role in driving the nation’s economic engine and celebrate the indomitable spirit of India’s entrepreneurial landscape. The SME Champion Awards ceremony will unfold on 26 July 2024 in New Delhi, from 5:30 PM, recognizing the enduring determination, pioneering spirit, and resilience of Indian SMEs across 15+ categories including Sustainability Practices, Digital Transformation, Export Promotion, Manufacturing, and Entrepreneurship, among others.
The ceremony will be graced by the presence of Nitin Gadkari, Minister of Road Transport & Highways, GoI, as the guest of honour, alongside other distinguished guests including Rajesh Kumar Singh, Secretary, DPIIT; T. Koshy, CEO & MD, ONDC; Hitendra Dave, CEO, HSBC India and Ajay Sharma, MD & Head-Commercial Banking, HSBC India.
The SME Champion Awards boasts a grand jury of eminent industry leaders, each a titan in their field, who have meticulously evaluated every entry leveraging their collective expertise. The esteemed jury comprises distinguished industry leaders, led by Rajnish Kumar, Former Chairperson, SBI and Jury members Atul Lall, VC & MD, Dixon Technologies India Ltd; Preeti Bajaj, CEO & MD, Luminous Power Technologies; Shradha Suri, CMD, Subros Ltd, & President, ACMA; Dinesh Kanabar, CEO, Dhruva Advisors; Girish Luthra, President, FICCI Confederation of MSMEs (FICCI-CMSME) & Chairman, Gujarat Enviro Protection & Infrastructure Ltd; Ashok Saigal, Co-Chairman, CII National MSME Council & MD, Frontier Technologies Pvt. Ltd.; Raghav Chandra, Ex-Secretary, GOI & Author and Founder, Cunsult; Chandrakant Salunkhe, Founder & President, SME Chamber of India; and Anju Srivastava-Founder, Wingreens World. The winner selection was a rigorous three-step screening process, culminating in the final selection by the esteemed panel of grand jury members. EY served as the ‘Process Advisors’ for this initiative.
The evening will open with a gripping performance by legendary singer Usha Uthup, followed by a welcome address by Shereen Bhan, Managing Editor, CNBC-TV18. Key addresses will be delivered by Hitendra Dave, CEO of HSBC India, and Ajay Sharma, MD and Head of Commercial Banking at HSBC India.
For the last six months, CNBC-TV18 and HSBC India have nurtured the SME community through a series of masterclasses and workshops, culminating in this grand awards ceremony. These initiatives empowered SMEs with critical knowledge and growth strategies, supporting India’s vision to become the world’s third-largest economy by 2027. The masterclass covered topics like ‘Navigating SME Export-Import in Global Landscape” and “Empowering SMEs for Sustainable Growth in Global Supply Chains’, addressing the unique challenges faced by SMEs. Furthermore, these classes were complemented by interactive webinars that served as a nexus for industry experts, policymakers, and entrepreneurs, fostering dialogue on innovative measures to propel SME success and maximize sector-wide participation.
CNBC-TV18 managing editor Shereen Bhan said, “The SME Champion Awards are a testament to the remarkable contributions of Indian SMEs, recognizing their pivotal role in driving economic growth and innovation across the nation. These enterprises are the backbone of our economy, driving innovation, creating employment opportunities, and fostering economic resilience. By celebrating and recognizing their achievements, we honor their hard work and inspire future generations of entrepreneurs to pursue their dreams and drive our nation’s growth. Now is the moment to highlight these pioneers and recognize their pivotal contribution to India’s economic development.”
HSBC India CEO Hitendra Dave stated, “At HSBC, we believe SMEs and start-ups are the true growth engine of our country. Supporting them isn’t just about meeting their financing needs, it’s also about fostering innovation, creating jobs and helping them meet their global aspirations. We recognize the pivotal role that India’s SME champions play in India’s growth story and are happy to celebrate their success.”
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.
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.
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.
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.
