News Broadcasting
Government committed to bridging digital divide: President
NEW DELHI: Appreciating the need for empowering the citizen with modern information technology, President APJ Abdul Kalam today announced that the year 2007 will be the ‘Year of Broadband’ as the government was committed to bridging the digital divide by providing broadband coverage throughout the country.
In his address to the joint sitting of both Houses of Parliament on the opening day of the Budget session, Dr Kalam said, “Our Information Technology sector continues to develop and remain globally competitive,” adding that, “My government will take forward the National Identity Card Project under the National e-Governance Plan for nationwide roll-out in a phased manner so as to ensure better delivery of services to our citizens.”
He said the government was encouraging the growth of the electronic hardware industry and the semiconductor industry.
He also said the Right to Information Act was one means of empowering citizens, adding that it had often been said that eternal vigilance is the price of democracy.
The President said a Vision for the development of an empowered S&T base by 2015 had been prepared. Steps will be taken to attract talent, rejuvenate university research, enable women scientists to re-enter careers in science, strengthen technology business incubation processes, promote excellence in research, engage private sector in R&D and create greater science awareness and a scientific temper among the people. The financial allocation for science and technology will be increased from less than 1% of GDP to 2% of GDP.
He said that to sustain the efforts in the advanced fields of modern science and technology, there was need to increase the number of scientists and improve the quality of Indian science. The Government was deeply concerned about the inadequate enrolment of students in basic sciences and said Indian science is lagging behind other newly industrializing economies. India needs a new thrust in the field of science and technology.
The National Knowledge Commission had submitted its first report placing emphasis on the need to invest in education at all levels of the knowledge pyramid. Several new Indian Institutes of Science Education and Research, Indian Institutes of Technology and Indian Institutes of Information Technology were proposed to be set up in various parts of the country.
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.
