News Broadcasting
NDTV, Reliance’s Rafale case to be heard on 22 November
MUMBAI: NDTV has challenged the jurisdiction of the Ahmedabad court where Anil Ambani’s Reliance Group sued the news broadcaster for Rs 10,000 crores over the Rafale fighter jet deal and the next hearing will be on 22 November 2018. The first hearing was on 26 October. The lawsuit is filed against NDTV's weekly show, Truth vs Hype, which aired on 29 September.
According to NDTV, “The role of Reliance appeared to have been questioned by none other than Francois Hollande, who was the president of France when the deal was struck. The NDTV show reported all sides of the story including Dassault's denial that it had been under any pressure to select Reliance. The panellists, in a balanced discussion, examined whether issues like Reliance's vast debt and record in defence manufacturing made it a suitable choice for Dassault in India.”
NDTV Group CEO Suparna Singh tweeted on 26 October, “NDTV challenges jurisdiction of Ahmedabad court where Anil Ambani’s Reliance group sued us for Rs 10,000 crores over our Rafale deal coverage, next hearing on Nov 22.”
Anil Ambani’s Reliance Group has filed a defamation suit of Rs 7,000 crore against founder and editor of ‘The Citizen’, Seema Mustafa, for its reportage on the defence deal and Rs 5,000 crore against National Herald in September, saying that one of its published articles on the Rafale deal was “libellous and derogatory”.
Also, the Enforcement Directorate (ED) had issued a show cause notice to NDTV in connection with a case of forex violation it is probing against the media company on 17 October 2018. The notice has been issued for violations of the Foreign Exchange Management Act (FEMA) to the tune of Rs 4,000 crore.
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.
