News Broadcasting
Radio losses drag down TV Today net
MUMBAI: TV Today Network has seen an 8.69 per cent dip in its net profit for FY10. The company posted a net profit of Rs 308.67 million, lower than last fiscal’s Rs 335.5 million.
The income from operations at Rs 2.85 billion is up 13.83 per cent from FY09 when it stood at Rs 2.5 billion.
As far as the expenses for the firm go, its overall expenditure of Rs 2.54 billion is higher than last year’s Rs 2.25 billion, which is in tune for a growing firm. However, while almost all segments of expenditure saw an increase, the advertising, marketing and distribution expenses dropped to Rs 602.9 million this fiscal, as compared to Rs 675.32 million in the previous year. This is in sync with what analysts had predicted would happen post the merger of Radio Today Broadcasting (which runs Meow FM).
The company’s operating profit went up by 25.37 per cent which is a significant jump. The operating profit of Rs 309.24 million in FY10, compared to Rs 246.67 million in FY09, indicates that the normal business activities of the firm are growing.
The other income earned by the firm is marginally down this fiscal at Rs 231.04 million from last year’s Rs 242.08 million. However, one of the key factors that led to a lower net profit this year is the hit that it has taken in its balance sheet on account of higher interest and finance charges courtesy Radio Today’s merger with it. The latter had been making losses and had taken huge loans. At Rs 70.49 million, the interest and finance charges in the TV Today financials were significantly higher than last year’s Rs 1.37 million.
However thanks to the company’s overall growth its EPS on a Rs 5 face value share is only marginally lower. At Rs 5.31 in FY10 on a diluted basis, it compares well to Rs 5.79 in FY09. The company’s management has announced a dividend of 15 per cent for the fiscal.
The income generated by the radio segment was Rs 43.61 million, while TV Broadcast was Rs 2.80 billion. However, while the TV segment made a profit of Rs 578.49 million this year, the radio segment made a loss of Rs 221.26 million and this was a major factor in the overall net profit of the firm being down.
The firm has made an advance of payment of Rs 185 million to Mail Today Newspapers to subscribe to its equity and enter the daily newspaper space. The venture is currently notching up huge losses but the management believes it will end up being a profitable decision.
News Broadcasting
Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
