News Broadcasting
TV18 reports Rs 9.8 million net loss for SQ-2002
MUMBAI: The Raghav Bahl-promoted Television Eighteen India Ltd, which runs the CNBC India business news channel, has reported a consolidated net loss of Rs 9.81 million for the quarter ended 30 September, 2002 as compared to a net loss of Rs 14.67 million for the quarter ended September 30, 2001.
Total Income has increased from Rs 78.81 million in SQ-2001 to Rs 79.96 million in SQ-2002, bseindia.com has reported
The company’s business news revenue grew 47.25 per cent to Rs 82.46 million from Rs 56 million in the previous corresponding quarter. Revenues from both entertainment and Internet operations however were down. Entertainment revenues saw a 50.3 per cent drop from Rs 5.19 million to Rs 2.58 million, while the e-business income fell 46.7 per cent from Rs 3.66 million in SQ-2001 to Rs 1.95 million in SQ-2002.
Overall operating profit, however, improved to Rs 19.22 million from Rs 1.06 million last year, the company financial statement states.
The company ascribed two principal reasons for the losses:
EXTRAORDINARY CHARGES – An extraordinary non recurring loss of Rs 5.79 million incurred on account of land in Noida (on the outskirts of Delhi) lying unused since 1995. This land was returned to the authorities at a value loss of Rs 5.79 million. The proceeds of Rs 22.73 million were used to prepay a term loan from ICICI Bank. This resulted in a prepayment penalty of Rs 700,000. This prepayment will lead to lowering of interest costs for the current quarter, the statement says.
OTHER INCOME: Net of foreign exchange losses of Rs 8.19 million on account of appreciation of the rupee against the dollar. This neutralises the extraordinary gains booked in the previous quarter on account of rupee depreciation.
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
