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
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.
