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TV18’s national news biz achieves break even in FY’12

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MUMBAI: The national news business of TV18 Broadcast continues to be operationally profitable, even if the bottom line is in red. The company said that the national news business of TV18 Broadcast has attained break-even status while losses continue to kick in from regional news operations.

General News (CNN-IBN, IBN7 & 50% of Lokmat)

TV18’s general news operations on a combined level posted an operating loss of Rs 17 million for the fourth quarter, narrowing it from Rs 22 million in the earlier year. However, this is marginally higher than the fiscal-third quarter when the operating loss was Rs 16 million.

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Revenue rose to Rs 916 million, from Rs 705 million in the corresponding quarter of the previous fiscal.

For the full-fiscal, revenue stood at Rs 3.03 billion, up from Rs 2.52 billion a year ago. The operating loss stood at Rs 44 million, narrowing from Rs 122 million in FY’11.

“Our general news operations performed particularly well in a highly competitive market and our revenues for the full year grew by 20 per cent. Our national news operations are now break-even,” the company said.

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Business News (CNBC TV18 and CNBC Awaaz)

Operating profit from the business news segment for the final quarter of the fiscal has narrowed to Rs 157 million, from Rs 289 million a year ago.

Revenue stood at Rs 1.03 billion, up from Rs 950 million.

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For the full-fiscal, revenue tood at Rs 3.32 billion, up from Rs 3.06 billion a year ago. Operating profit was down to Rs 604 million, from Rs 880 million.

“Business news operations delivered a strong quarter driven by the Union Budget quarter. Our flagship coverage of key events such as the World Economic Forum Annual Meeting in Davos in January and programming around the Union Budget in February and March as well as coverage on the Budget Day itself was very well received by our audiences,” the company said.

TV News biz as a whole (CNBC TV18, CNBC Awaaz, CNN IBN and IBN7)

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On a standalone basis, TV18 posted a net loss of Rs 83 million for the quarter compared to Rs 114 million a year ago.

Income from operations jumped to Rs 1.92 billion, from Rs 688 million. Advertising revenue stood at Rs 1.48 billion (from Rs 641 million), while subscription revenue was Rs 321 million, up from Rs 38 million.

Operating expenses jumped to Rs 1.77 billion, from Rs 687 million as its spend on marketing, distribution and promotional expenses and production expenses surged almost three times.

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The company has not provided the financial results of Lokmat18, where it holds 50 per cent stake and Lokmat the remaining half, separately this time.

Infotaiment (History18)

The operating loss from intotainment channel History18 (AETN18 is a 50:50 JV between A&E TV Network and TV18 which runs History18) stood at Rs 154 million.

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Revenue from infotainment channel History18, which was launched in the third quarter of the fiscal, stood at Rs 63 million.

TV18’s combined operating loss from news operations and infotainment was Rs 14 million, reversing from a profit of Rs 259 million in the earlier-year quarter. Revenue grew to Rs 2.01 billion compared to Rs 1.65 billion a year ago.

Consolidated results

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On a consolidated basis, TV18 Broadcast (the name of the listed company) posted a net loss of Rs 334 million for the fiscal fourth quarter, mainly due to new channel launches (Sonic, Comedy Central and Colors HD). The company’s consolidated net loss in the same quarter of the earlier year stood at Rs 132 million.

Revenue jumped to Rs 5.12 billion, from Rs 2.06 billion a year ago. Advertising revenue (including TIFC and motion pictures) was at Rs 3.12 billion (from Rs 1.64 billion), while subscription revenue stood at Rs 646 million, from Rs 241 million in the year ago period.

Expenses during the quarter jumped to Rs 5.58 billion, from Rs 1.98 billion.

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For the full fiscal, consolidated net loss widened to Rs 738 million, from Rs 174 million. Revenue stood at Rs 14.23 billion (from Rs 8.04 billion). For the full fiscal, advertising revenue stood at Rs 10.50 billion, while subscription revenue was at Rs 1.90 billion.

Expenses during the fiscal doubled to Rs 14.72 billion, compared to Rs 7.57 billion in the previous fiscal.

TV18’s consolidated numbers include 100 per cent standalone and AETN18, 50 per cent share of Viacom18 and 50 per cent share of IBN Lokmat. 

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The company’s shares closed Wednesday at Rs 25.4 on the BSE, up 0.99 per cent.

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Induction cooktop demand spikes 30× amid LPG supply concerns

Supply worries linked to West Asia tensions push households and restaurants to turn to electric cooking alternatives

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MUMBAI: As geopolitical tensions in West Asia ripple through global energy supply chains, the familiar blue flame in Indian kitchens is facing an unexpected challenger: electricity.

What began as concerns over the availability of liquefied petroleum gas (LPG) has quickly evolved into a technology-driven shift in cooking habits. Households across India are increasingly turning to induction cooktops and other electric appliances, initially as a backup but now, for many, a necessity.

A sudden surge in demand

Recent data from quick-commerce and grocery platform BigBasket highlights the scale of the shift. According to Seshu Kumar Tirumala, the company’s chief buying and merchandising officer, demand for induction cooktops has risen dramatically.

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“Induction cooktops have seen a significant surge in demand, recording a fivefold jump on 10 March and a thirtyfold spike on 11 March,” Tirumala said.

The increase stands out sharply when compared with broader kitchen appliance trends. Most appliance categories are growing within 10 per cent of their typical demand levels, while induction cooktops have witnessed explosive growth as households rush to secure an alternative cooking option.

Major e-commerce platforms including Amazon and Flipkart have reported rising searches and orders for induction stoves. Quick-commerce apps such as Blinkit and Zepto have also witnessed stock shortages in major metropolitan areas including Delhi, Mumbai and Bengaluru.

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What was once considered a convenient appliance for hostels, small kitchens or occasional use has suddenly become an essential addition in many homes.

A crisis thousands of miles away

The trigger for this shift lies far beyond India’s kitchens.

Escalating conflict in the Middle East has disrupted shipping routes through the Strait of Hormuz, one of the world’s most critical energy corridors. Nearly 85 to 90 per cent of India’s LPG imports pass through this narrow waterway, making the country particularly vulnerable to supply disruptions.

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The ripple effects have been swift.

India currently meets roughly 60 per cent of its LPG demand through imports, and tightening global supply has already begun to affect domestic availability and prices.

Earlier this month, the price of domestic LPG cylinders increased by Rs 60, while commercial cylinders rose by more than Rs 114.

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To discourage panic buying and hoarding, the government has also extended the mandatory waiting period between domestic refill bookings from 21 days to 25 days.

Restaurants feel the pressure

The strain is not limited to households. Restaurants, hotels and roadside eateries are also grappling with supply constraints as commercial LPG availability tightens under restrictions imposed through the Essential Commodities Act.

In cities such as Bengaluru and Chennai, restaurant associations report that commercial LPG availability has dropped by as much as 75 per cent, forcing many establishments to rethink their kitchen operations.

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Some restaurants have reduced menu offerings, while others are rapidly installing high-efficiency induction systems, creating hybrid kitchens where electricity now shares the workload with gas.

For smaller eateries and roadside dhabas, the shift is less about sustainability and more about survival.

A potential structural shift

The government has maintained that there is no nationwide LPG crisis and has directed refineries to increase production to stabilise supply.

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Nevertheless, the developments of March 2026 may already be triggering a longer-term behavioural shift.

For decades, LPG has been the backbone of cooking in Indian households. However, recent disruptions have highlighted the risks of relying on a single fuel source.

Increasingly, households appear to be hedging against uncertainty by adopting electric cooking options to guard against price volatility and delivery delays.

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If the current trend continues, the induction cooktop, once viewed as a niche appliance, could emerge as a quiet symbol of India’s evolving kitchen economy.

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