News Broadcasting
Cornershop Entertainment launches SMS based information service ‘Info on the Go’
MUMBAI: Cornershop Entertainment has launched an SMS based information service called Info on the Go. Ask 757577 is a service that works on any mobile phone with a text messaging facility.
It claims to be simple and user-friendly, as one can SMS questions to 757577. This service helps extend the virtual boundaries of knowledge and is available to all pre-paid and post-paid mobile users, informs an official release.
Ask757577 is a service that delivers Info on the go. You can now get quick and easy access to restaurants, weather, movie timenigs, emergency services, sports scores, directions, and more. At Ask757577 we are singularly focused on helping users find what they need through ever-changing mobile technologies. Ask757577 promises to be committed to meeting the search challenge of users.
“Innovation in services is key to reaching out to people, we believe in innovating against demand, and there is a strong demand for accurate info based services in the wireless market place” said CornerShop director Chirag Shah. One of the best ways to accomplish this is through the delivery of highly personalized location based services.
CornerShop claims to be the first to launch SMS voting/polling on reality TV in India for shows like Sa Re Ga Ma, Business Baazigar, Zee Cine Awards. The company also powers India’s first 24 hour live interactive gaming channel ‘PlayTV’.
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.
