News Broadcasting
FedEx Joins Forces with Café Coffee Day to Launch Rakhi Offer
MUMBAI, India, Aug 12, 2013-FedEx Express, a subsidiary of FedEx Corp. (NYSE: FDX) and the world’s largest express transportation company, is joining forces with the coffee shop chain Café Coffee Day (CCD) to launch the traditional Rakhi offer. The offer enables a sister to win an opportunity to meet up with her “true brother” (biological or spiritual) anywhere in the world, by just shipping a Rakhi to him using FedEx and by participating in the contest.
A “true brother” is a person who has been with his sister through good and bad times, and could be a friend or a confidant. The contest invites sisters to upload a picture of their most memorable moment spent together with her true brother along with a caption appreciating her brother on the FedEx app on Facebook. Priced at an all-inclusive flat rate of INR 1500 and INR 200 for international and domestic shipments respectively, sisters can send a Rakhi and a greeting card to more than 220 countries and territories worldwide and 880 locations within India using FedEx.
“The Rakhi deal is our attempt to offer convenience and ease to sisters in this fast-paced life. During a coffee break, sisters can connect with their brothers by sending them a Rakhi and a card through FedEx. Our relationship with Café Coffee Day is a perfect fit and will enable us to reach out to sisters through the 100 additional CCD outlets,” said Rakesh Shalia, managing director, Marketing, FedEx Express Middle East, Indian Subcontinent and Africa.
“We are delighted to work with FedEx Express to reach out to our customers with an added service offering. This alliance will now ensure that our customers in 100 outlets experience the accessibility and reliability FedEx is known for. Additionally, brothers or sisters can purchase CCD gift coupons and ship them directly to their siblings using FedEx. The Rakhi shipments can also be booked online on the CCD website availing the prices FedEx is offering,” said Vejay Anand, president, Café Coffee Day.
Customers can take advantage of the Rakhi offer by visiting the FedEx World Service Centres (WSCs) across India and 100 Café Coffee Day (CCD) outlets in Mumbai, Delhi, Pune, Chandigarh, Ahmedabad, Jaipur and Lucknow. To participate in the contest, sisters have to log on to facebook.com/FedExPromotions. The top 50 participants with the most number of likes on their pictures win CCD vouchers.
Additionally, the sister who has shipped the Rakhi through FedEx and has the maximum likes on her picture, wins an opportunity to meet her true brother anywhere in the world.
The Rakhis and the greeting cards are designed and created by Aseema, an NGO, for the underprivileged children working in the field of education. The offer is available before August 22, 2013. The FedEx Express offer can also be availed online on the CCD website http://www.cafecoffeeday.com/shop/gifts/rakhi
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.
