News Broadcasting
Aroon Purie, RC Bhargava, Rohini Nilekani, given Managing India Award
Mumbai: India’s G20 Sherpa Amitabh Kant presented the Managing India Awards at the Golden Jubilee National Management Convention in New Delhi.
The India Today Group founder, publisher and editor-in-chief Aroon Purie got the Lifetime Contribution to Media Award while Maruti Suzuki India Ltd chairman R C Bhargava received the Lifetime Contribution Award. Rohini Nilekani Philanthropies chairperson Rohini Nilekani took the Corporate Citizen Award. All awardees were joined by their spouses during the presentation of trophies.
The citations for the awards were read by Hero Enterprise chairman Sunil Kant Munjal, television show host Rajiv Makhni, and renowned cinema actor and director Nandita Das.
Presenting the awards, Kant said that it was a great honour for him to present awards to three great people who he had grown up admiring.
Sharing his experience as India’s G20 Sherpa, Kant said that it was a job of taking one’s leader to the top of Mount Everest.
Talking about India’s strategy and achievements during its presidency of G20, Kant said that the PM wanted the opportunity to be used to transform the districts and cities where the 220 G20 meetings were to take place, which was done.
The negotiations proved tougher than anticipated, Kant said. However, he could be ambitious and courageous as G20 Sherpa because he had the full backing of the Prime Minister. “The PM’s directive was to be decisive and action oriented,” he said. It took nine days of non-stop negotiations in a room without phones, away from the media, to achieve consensus on the Russia-Ukraine statement. “We pushed the limits and took it to the level of brinkmanship to achieve success,” he said.
India demonstrated its ability to drive multilateralism and bring everybody on board, Kant said, and attributed India’s ability to do so to India’s status as the 5th largest economy in the world.
Talking about pushing the agenda of global south in G20, Kant said that the PM wanted India to put the global south first and India’s G20 presidency began with a virtual meeting of the region’s countries. This year, 80 per cent of the global growth came from the south, he pointed out.
Kant said that India managed to achieve consensus on every issue, including redesigning the multilateral institutions, pushing digital public infrastructure, climate change, climate finance, green growth, women-led development, and inclusion of Africa. He pointed out that India achieved 112 outcomes during its presidency of G20 compared to 50 by the previous president, Indonesia.
India’s digital public infrastructure was a key focus during the presidency, as 133 countries lack fast payment systems. “It became important to evangelize DPI model, which is open and interoperable unlike the big tech model of the US and China,” he said.
Accepting the Managing India Award, Purie said that he was delighted to receive the award at this particular time because the media has become the whipping boy for everyone and everyone blames all ills of the society on the media. “We’re not perfect. Bad apples exist in every industry and profession. Aren’t there bad apples in business and bureaucracy?” he said.
Stressing the importance of the media in today’s India, Purie said,”A free press is essential for our democracy, especially when democracy is not functioning so well…when more debates are held on television than in Parliament.” Purie expressed worry about the epidemic of fake news, and the potential of AI to make it worse. “Truth is in danger of becoming an endangered species…journalists have to step up and do their job honestly,” he said.
Bhargava said that the award was somewhat an anomaly because when he joined Maruti, he knew nothing about management. He credited his colleagues for teaching him management. “Individuals can never achieve. All achievements are collective,” he said.
In her acceptance speech, Nilekani said, “We live in complex and challenging times. We need to cultivate empathy, self-restraint and charity to create a successful samaaj, a safe harbour for our children and grandchildren.”
Opening the awards ceremony, AIMA president Shrinivas Dempo brought attention to the focus of the 50th National Management Convention and emphasized that India needed to raise its thinking and action to the next level. “The new India needs a new dream – a dream of being a country with high standards of living for every Indian, a dream of being an evolved country that offers the world new models of economy, democracy, governance, technology, and culture,” he said.
AIMA senior vice president Nikhil Sawhney thanked Kant for presenting the awards and congratulated the winners. “Each one of you is special and each one of you has made a transformative contribution in a critical sector of the Indian economy,” he told the awardees.
Rieter India Pvt Ltd co-chairman Sudhir Jalan introduced the awards and complimented the jury for its excellent selection of awardees.
The awards ceremony was live-streamed on AIMA’s social media channels.
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.
