News Broadcasting
Star News exposes MPs on fund allocation scam
MUMBAI: Sting time on TV as politicians fall prey once again. It has barely being a week since Aaj Tak’s cash-for-query scam, that Star News ‘Operation Chakravyuh’ has hit the tube. Only, this reveals misuse of public money.
The Aap Ko Rakhe Agaye channel, Star News in collaboration with Detective Intelligence Guild (DIG) aired the sting operation on six MPs over the controversial MP’s – Local Area Development Scheme (MPLADS).
Star News latest sting operation – ‘Operation Chakravyuh’ captured the MPs on camera seeking commissions while allotting funds under the scheme for developmental works in their respective constituencies.
Speaking to indiantelevision.com Star News CEO Udya Shankar noted, ” It is not an extension of Operation Duryodhana, which was a case of misusing MP’s privilege. Operation Chakravyuh clearly shows mismanagement and misappropriation of funds meant for the public. The scheme mainly allows MPs to utilise the funds for developmental activity.”
Shankar points out, “What’s noticable in the operation is the infiltration of middle-men who have access to the political network and also that certain network of MPs would stop at nothing to earn a quick buck.”
The reporters of Star News and the DIG posed as lobbying managers for a fictitious NGO called ‘Ashray Abhiyaan’ to net the MP’s. The two organisations have for the past six months been on the trail of MPs from various constituencies to unearth and uncover a league of corrupt and unscrupulous MPs.
The expose captured six MPs; three from BJP, one from Samajwadi Party and one each from Congress (I), BSP and Rashrtiya Kranti Dal asking for commissions for releasing funds from their MP- LAD scheme. The MPs caught by hidden cameras were shown asking for commissions ranging from five per cent to 45 per cent for sanctioning funds under the scheme.
The channel captured six MPs pocketing commissions while allotting projects that are executed from MP-LADs money. MPs are allotted Rs 20 billion per annum for undertaking designated developmental activities in their respective constituencies. The MP-LADs -a kitty of Rs 80 billion -is to be spent at the discretion of members of both Houses
The six MPs on ‘Operation Chakravyuh’ are: former Union minister and BJP LS member from Madhya Pradesh’s Mandla constituency Faggan Singh Kulaste, former Goa chief minister and south-Goa Congress LS MP Churchill Alemao, former UP Minister and Samajwadi Party LS MP Paras Nath Yadav from Jaunpur constituency, BJP Lok Sabha member from Madhya Pradesh’s Sidhi constituency C P Singh, BJP Lok Sabha member Ramswaroop Koli and Samajwadi Party member in the Rajya Sabha Sakshi Maharaj.
Its to be noted that although seven MPs were under scrutiny for the sting operation, only the Uttar Pradesh, Saidpur Lok Sabha MP Toofani Saroj refused to accept any commission or bribe.
Congress MP Churchil Alemao from Goa who was one the six MPs caught for area fund scam has alleged that efforts were made to tarnish his image and said that he would move the court against the channel. Shankar asserts that the channel is ready to be challenged on the same.
The sting operation footages aired on Star News reaffirms the belief that corruption is widely prevalent amongst the Indian politicians. Star News has in the past carried out a sting operation on its investigative show Red Alert. The expose came post-Tehelka and delved into the involvement of glamorous Bollywood actresses and models in a high profile prostitution racket.
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.
