DTH
Reliance Bluemagic is new name of Anil Ambani’s DTH venture
MUMBAI: Anil Ambani has changed the name of his direct-to-home (DTH) venture to Reliance Bluemagic, following objections by the Rupert Murdoch-owned News Corp to the word ‘Sky.’
Anil Dhirubhai Ambani Enterprise (ADAE) had applied for a DTH licence under the name ‘Reliance Skymagic.’ News Corp had issued a caution notice, claiming ‘Sky’ was its registered trademark. News Corp runs its DTH operations in UK under the name of BSkyB. Besides, it has Sky News, Sky Sports and Sky Radio. The trademark Sky was also registered in India.
“We have renamed the venture as Reliance Bluemagic. We wanted to have a different identity from T-Sky, the brand name of Tata Sky,” ADAE business head for DTH project Arvind Kumar Narang tells Indiantelevision.com. Tata Sky is the 80:20 joint venture between Tatas and the Star Group.
Reliance has indicated to Isro that it wants to start by mid-2006 with six transponders on Insat-4 series, which it plans to ramp up over a period of time. “We are progressing with our plans and have a schedule in mind,” says Narang.
Meanwhile, the introduction of T-Sky DTH services will get further delayed with Insat-4A now scheduled to launch only in December. The first launch was planned in August-end which was later pushed to November.
The DTH market will get crowded with four players – the Subhash Chandra-promoted Dish TV, Prasar Bharati’s DD Direct, Sun Direct and T-Sky – already in the fray. With Reliance and BPCL also interested in the business, India would be a unique market with several operators. Internationally, this is restricted to just one or two players depending on the size of the market.
DTH
Den Networks reports Rs 1,227 million FY26 profit growth
Revenue crosses Rs 10,009 million as margins improve and costs ease
MUMBAI: Not all signals are on screen some are buried in the balance sheet. Den Networks has reported a steady financial performance for FY26, with profit after tax rising to Rs 1,227.53 million, reflecting improved operational discipline despite a relatively flat top line. For the year ended March 31, 2026, the company posted revenue from operations of Rs 10,009.17 million, marginally higher than Rs 9,891.45 million in FY25. Total income stood almost unchanged at Rs 12,282.10 million compared to Rs 12,279.77 million a year earlier, signalling stability rather than aggressive expansion.
The real story, however, lies beneath the surface. Total expenses declined to Rs 10,648.32 million from Rs 10,691.30 million, driven by tighter cost controls across key heads. Employee benefit expenses dropped to Rs 548.64 million from Rs 651.52 million, while depreciation and amortisation expenses also eased to Rs 652.01 million from Rs 723.06 million, indicating a leaner operational structure.
As a result, profit before tax rose to Rs 1,633.78 million from Rs 1,588.47 million, while profit after tax improved to Rs 1,227.53 million, up from Rs 1,173.96 million in the previous year. Earnings per share stood at Rs 2.57, compared to Rs 2.46 in FY25, underlining incremental shareholder value creation.
On the balance sheet front, the company’s total assets expanded to Rs 43,416.76 million from Rs 42,496.64 million, supported by a sharp rise in bank balances to Rs 30,628.71 million. Equity also strengthened to Rs 38,532.74 million, reflecting accumulated profits and a growing financial cushion.
Cash flow dynamics, however, present a more nuanced picture. While investing activities generated a net inflow of Rs 632.80 million, operating activities saw an outflow of Rs 553.50 million, largely due to tax payments and working capital adjustments. The company ended the year with cash and cash equivalents of Rs 151.70 million, up from Rs 106.11 million.
Taken together, the numbers suggest a business that is prioritising efficiency over expansion holding revenue steady while tightening costs and strengthening its balance sheet. In an industry where growth often grabs headlines, Den Networks appears to be making a quieter statement: sometimes, resilience is the real signal.
