iWorld
Mumbai radio makes history with first multi-station Dharavi simulcast
MUMBAI: Mumbai’s radio dial did something it had never done before. It spoke in one voice. In a rare show of unity in a fiercely competitive industry, five of the city’s biggest FM stations came together for a first-ever multi-station simulcast to spotlight the human-centric transformation of Dharavi. Titled Radio Community Ek Saath, the two-hour broadcast was spearheaded by the Adani Group and aired simultaneously across Radio Mirchi, Big FM, Red FM, Radio Nasha and Radio City.
On December 24, from 8.30 am to 10.30 am, listeners hopping across frequencies heard the same message, the same stories and the same call to action. Even more unusually, Mumbai’s most recognisable radio voices shared one studio. RJ Jeeturaaj, RJ Vrajesh Hirjee, RJ Malishka, RJ Rohini and RJ Salil set aside brand loyalties to co-host a single, unified show built around the theme, Meri Dharavi Badlegi, Hamari Mumbai Badhegi.
What began as a set of conversations soon turned into a city-wide movement. The momentum was sparked by a series of emotionally driven films released by Adani, which focused on everyday life in Dharavi, from sanitation and healthcare to education and aspiration. Touched by the stories, radio jockeys across stations stepped out of their booths and into Dharavi’s lanes.
Over four weeks, more than 25 RJs met residents, recorded their experiences and carried those voices back to the airwaves. The storytelling spilled beyond radio, travelling through FCT ads, original anthems, Instagram posts, YouTube videos and on-air discussions, creating an impact that cut across platforms.
One of the most striking gestures was also the simplest. Participating stations ran time checks at the 17th minute of every hour, paired with the line, Dharavi Ek Saath 400017 Ke Liye, Mumbai Ek Saath. Dharavi’s pin code became a recurring reminder, turning a number into a symbol of attention and collective intent.
The simulcast has since been released on YouTube, extending its life beyond live radio and inviting a wider digital audience into the conversation.
Adani Group head of corporate branding Ajay Kakar said, the collaboration went far beyond a media innovation. “The redevelopment of Dharavi is fundamentally about people. When rival radio stations choose purpose over competition, they do more than support a campaign. They help build a movement. Together, we can show that when Dharavi grows, Mumbai grows with it.”
As part of the broader initiative, Adani also unveiled three human-centric campaign films that foreground the lived realities and future promise of Asia’s largest urban regeneration project, one designed to bring dignity, safety and inclusiveness to nearly a million lives.
For a city used to switching stations, this was one moment when staying tuned anywhere led to the same powerful story.
Gaming
Bluestone FY26 revenue rises to Rs 2,436 crore, turns profitable
Q4 profit at Rs 31 crore, full-year profit at Rs 13 crore vs loss last year.
MUMBAI: From sparkle to numbers, Bluestone seems to be polishing more than just jewellery this year. Bluestone Jewellery and Lifestyle Limited reported a sharp turnaround in FY26, with revenue from operations rising to Rs 2,436 crore (Rs 24,364 million), up from Rs 1,770 crore (Rs 17,700 million) in FY25. The company posted a full-year profit of Rs 13 crore (Rs 131.79 million), a significant recovery from a loss of Rs 222 crore (Rs 2,218 million) a year ago.
Total income for the year stood at Rs 2,486 crore (Rs 24,860 million), compared to Rs 1,830 crore (Rs 18,300 million) in the previous year, reflecting both topline growth and improved operational momentum.
The March quarter, however, told a more nuanced story. Revenue from operations came in at Rs 681 crore (Rs 6,814 million), down from Rs 748 crore (Rs 7,486 million) in the year-ago period, though higher than Rs 461 crore (Rs 4,613 million) in the preceding December quarter. Net profit for Q4 stood at Rs 31 crore (Rs 311.81 million), compared to Rs 68 crore (Rs 688 million) a year earlier, but a clear reversal from a loss of Rs 51 crore (Rs 512 million) in Q3.
Margins were shaped by higher input costs, with raw material consumption rising to Rs 2,204 crore (Rs 22,043 million) for the full year, alongside employee benefit expenses of Rs 282 crore (Rs 2,824 million) and finance costs of Rs 210 crore (Rs 2,104 million). Other expenses came in at Rs 371 crore (Rs 3,715 million), slightly lower than Rs 393 crore (Rs 3,938 million) in FY25.
On the balance sheet front, total assets expanded to Rs 4,961 crore (Rs 49,610 million) as of March 31, 2026, from Rs 3,532 crore (Rs 35,322 million) a year earlier, driven largely by a surge in inventories to Rs 2,672 crore (Rs 26,718 million). Equity also strengthened to Rs 1,803 crore (Rs 18,030 million), nearly doubling from Rs 911 crore (Rs 9,107 million).
Cash flows reflected the cost of growth. Net cash used in operating activities stood at Rs 199 crore (Rs 1,990 million), while investing activities saw an outflow of Rs 239 crore (Rs 2,392 million). Financing activities, however, generated Rs 497 crore (Rs 4,971 million), helping the company end the year with cash and cash equivalents of Rs 108 crore (Rs 1,075 million), up from Rs 49 crore (Rs 487 million).
Earnings per share for FY26 came in at Rs 1.10, a sharp improvement from a negative Rs 79.74 in FY25, underlining the shift from losses to profitability.
With revenue scaling up, costs still glittering on the higher side, and profitability finally back in the black, BlueStone’s FY26 performance suggests a business mid-transition less about shine alone, and more about sustaining it.
