News Broadcasting
Apple and Vivo pledge to aid India in Covid relief efforts
NEW DELHI: As India is battling the deadly second wave of Covid2019, smartphone manufacturers Vivo India and Apple have pledged to aid the country in Covid relief efforts. Vivo India has announced that they will donate Rs 2 crore and also help to acquire oxygen concentrators.
Last year, Vivo India had donated masks, PPE kits, and 50,000 litres of sanitisers to India’s Covid efforts. The company also expressed its gratitude to frontline healthcare workers who are fighting to curb the spread of the Covid pandemic. The smartphone maker has also urged people to follow strict Covid restrictions to combat the challenge posed by the virus sweeping through the country.
“In the fight against Covid2019, @Vivo_India stands united with the nation and pledges to donate Rs 2 crores to aid relief efforts and acquiring oxygen concentrators. Together, we can and will get through this,” said Vivo India senior executive Nipun Marya.
Apple has also extended support to India during this critical time. Apple CEO Tim Cook took to Twitter to announce that the company will provide help to its Apple family and everyone who is fighting the pandemic.
“Amid a devastating rise of Covid cases in India, our thoughts are with the medical workers, our Apple family, and everyone there who is fighting through this awful stage of the pandemic. Apple will be donating to support and relief efforts on the ground,” tweeted Cook.
Yesterday, Xiaomi stepped up to donate 1,000 oxygen concentrators worth Rs 3 crore to tackle the Covid crisis in India.
Microsoft CEO Satya Nadella has pledged that the company will “continue to use its voice, resources, and technology to aid relief efforts, and support the purchase of critical oxygen concentration devices.”
Google CEO Sundar Pichai revealed that the search engine giant will give Rs 135 crore for medical supplies, organisations supporting high-risk communities, and grants to help spread critical information.
Over the last few weeks, India has been devastated by a record surge in Covid2019 cases. The country’s health infrastructure has been stretched to the breaking point, with shortages reported in medical oxygen cylinders, hospitals beds and critical drugs for Covid treatment. The number of reported cases declined slightly on Tuesday, to 323,144 from the peak of 352,991 the day before, bringing the total cases to nearly 17 million with 192,000 deaths.
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.
