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Basavaraj Bommai unveils seven wonders of Karnataka
Mumbai: Chief minister Basavaraj Bommai has announced the ‘Seven Wonders of Karnataka,’ which represent the best of the state’s land and water, forest and sea, faith and science, architecture and sculpture, and history and heritage. The Seven Wonders showcase only the very best that this state has to offer.
The declaration of the Seven Wonders was made by chief minister Basavaraj Bommai at an event in a five-star hotel in the city on Saturday. In the ceremonial event, the chosen wonders were awarded a state certificate, which was received by the respective district commissioners. The Seven Wonders of Karnataka are as follows.
1. Hirebenakal Rock Tombs: Dating back tothe period between 800 BC and 200BC, it is estimated, this prehistoric site in Koppal district’s Gangavati taluk, is declared to be the ‘Mega Stone Age Wonder’.
2. Hampi: Built between 14th and 16th century, Hampi stands as the stellar example of Vijayanagara Empire’s glorious rule. Still standing beautiful in Vijayanagara district, Hampi has been declared the ‘Architectural Wonder’.
3. Gomateshwara: The 57-feet tall towering statue of Gomateshwara was built in the 10th century atop the Vindhyagiri Hill in Hassan district’s Shravanabelagola. It has been declared as a ‘Philosophical Wonder’.
4. Gol Gumbaz: Built by Sultan Mohammed Adil Shah during the 17th century in Bijapur (now Vijayapura), the massive Gol Gumbaz has been declared the ‘Architectural Science Wonder’.
5. Mysore Palace: Dating back to the 19th and 20th century, the world-famous Amba Vilas Palace, which was envisioned by the Wodeyar Dynasty was declared as the ‘Royal Heritage Wonder’.
6. Jog Falls: Considered among the most beautiful waterfalls in India, water gushes from a great height of 830-feet in Shimoga district’s Jog Falls. This world-famous visual treat has been declared a ‘Natural Wonder on Land’.
7. Netrani Island: Symbolic of love itself, this heart-shaped island on the Arabian Sea off Murudeshwar in Uttara Kannada district has been declared a ‘Natural Wonder onWater’.
Addressing the gathering on this occasion, chief minister Basavaraj Bommai said that the ‘Seven Wonders of Karnataka’ has created a fresh tourism model for the state. I have already set in motion the preparation of a detailed development plan for Hirebenakal, which is a part of this stellar list of wonders. The District Commissioners of each of the seven wonders are asked to submit a blueprint development report to upgrade the facilities at these places
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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.
