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TV18 Q2 net Rs 239 million; to expand broadcast operations
MUMBAI: Raghav Bahl’s Television Eighteen, the owner of business news channel CNBC-TV18, has reported a net profit of Rs 23.9 million for the July-September quarter. This is before providing for foreign exchange losses. The company today informed the Bombay Stock Exchange that it plans to raise money through a rights issue to expand its broadcasting operations
After deducting forex losses, the TV18’s bottomline is Rs 18.2 million. In the same quarter last year, the company had logged a loss of Rs 1.6 million without forex losses and Rs 9.8 million after forex losses. Importantly, operating margins are up at 37.58 per cent from 22.09 per cent. The net sales of the company rose 25.54 per cent to Rs 109.1 million from Rs 86.9 million.
The company’s board today approved raising of money through a rights issue. The company had raised money through a rights issue in February 2003. In between, it had also raised money through zero coupon debt.
Moneycontrol.com quoted Bahl as saying the money being raised will be used for expansion. “The cash requirements of current operations, the channel, are nil. This channel is funding itself. The company has got cash on the books to completely look after the requirements of the existing channel. We are looking at a rights issue, which our board has approved this morning, is purely for expansion of our broadcast operations and our broadcast properties. After fairly good success of the channel, CNBC-TV18, there are clearly good opportunities available in this space and related spaces. The market is expanding,” Bahl was quoted as saying.
NEW DELHI: Hamdard Laboratories gathered a cross-section of India’s achievers in New Delhi on Friday, handing out the Hakeem Abdul Hameed Excellence Awards to figures who have left their mark across healthcare, education, sport, public service and the arts.
The ceremony, attended by minister of state for defence Sanjay Seth and senior officials from the ministry of Ayush, celebrated individuals whose work blends professional success with a sense of public purpose. It was as much a roll call of achievement as it was a reminder that influence is not measured only in profits or podiums, but in people reached and lives improved.
Among the headline awardees was Alakh Pandey, founder and chief executive of PhysicsWallah, recognised for turning affordable digital learning into a mass movement. On the sporting front, Arjuna Awardee and kabaddi player Sakshi Puniya was honoured for her contribution to the game and for pushing women’s participation onto bigger stages.
The cultural spotlight fell on veteran lyricist and poet Santosh Anand, whose songs have echoed across generations of Hindi cinema. At 97, Anand accepted the honour with characteristic humility, reflecting on a life shaped by perseverance and hope.
Healthcare honours spanned both modern and traditional systems. Manoj N. Nesari was recognised for strengthening Ayurveda’s place in national and global health frameworks. Padma shri Mohammed Abdul Waheed was honoured for his research-backed work in Unani medicine, while padma shri Mohsin Wali received recognition for his long-standing contribution to patient-centred care.
Education and social development also featured prominently. Padma shri Zahir Ishaq Kazi was honoured for decades of work in education, while former Meghalaya superintendent of Police T. C. Chacko was recognised for public service. Goonj founder Anshu Gupta received an award for his dignity-centred rural development initiatives, and the Hunar Shakti Foundation was honoured for empowering women and young girls through skill development.
The Lifetime Achievement Award went to former IAS officer Shailaja Chandra for her long career in public healthcare and governance, particularly in the traditional systems under Ayush.
Speaking at the event, Hamdard chairman Abdul Majeed said the awards were a tribute to those who combine excellence with empathy. “These awardees reflect Hakeem Sahib’s belief that healthcare, education and public service must ultimately serve humanity,” he said.
Minister Seth struck a forward-looking note, saying India’s young population gives the country a unique opportunity to become a global destination for learning, health and wellness by 2047.
The ceremony also featured the trailer launch of Unani Ki Kahaani, an upcoming documentary starring actor Jim Sarbh, set to premiere on Discovery on 11 February.
Instituted in memory of Unani scholar and educationist Hakeem Abdul Hameed, the awards have grown into a national platform that celebrates those building a more inclusive and resilient India. For one evening at least, the spotlight was not just on success, but on service with substance.
