News Broadcasting
NOKIA announces ‘Star Cast’ for the NOKIA new year’s eve in Mumbai
MUMBAI: Nokia today announced an exciting line up of celebrity artists who will be performing at Nokia New Year’s Eve – a global music event to be held across 5 countries. As a part of the India celebrations, some of the leading Bollywood actors, music maestros & international artists will come together to perform in Mumbai’s Andheri Sports Complex on December 31, 2006. The artist line up for Nokia New Year’s Eve (NNYE) in Mumbai includes, “The Mozart of Madras”, AR Rahman, heart throb of Indian youth – Priyanka Chopra and dancing sensations of Bollywood, Koena Mitra and Shahid Kapoor.
Nokia is also bringing the Grammy Award winner Nelly Furtado to India for the first time. Nelly will be performing songs from her latest album ‘Loose’. Canadian band Josh Desi, who remixed her single ‘Powerless’ will also be performing as part of the concert.
The show in Mumbai that would begin with the performance of AR Rahman will culminate with artists performing to a live audience of over 8-10 thousand people and joining hands for the magic moment – Welcome 2007. The five events together are expected to have a combined attendance of 1.3 million and an anticipated global television and Internet audience of 150 million.
Some of the other international artists performing in other NNYE destinations include Black Eyed Peas and Scissor Sisters.
Commenting on bringing world class artists together for the NNYE in Mumbai, Mr. Devinder Kishore, Director Marketing, Nokia India, said, “Nokia New Year’s Eve is a natural extension of our brand promise of ‘Connecting People’. With this event Nokia aims to create an unforgettable experience by hosting the world’s biggest New Year party of 2006 stretching across five party capitals of the world – starting from Hong Kong, followed by Mumbai, to Berlin, Rio de Janeiro and rounding off in New York.”
Sharing details of his performance, AR Rahman, added “Music has been my passion since childhood and I am extremely delighted to perform at the Nokia New Year’s Eve. I look forward to wishing my fans all across the world a great start 2007 by performing among such an exciting line up of Indian and International artists”
Koena Mitra said “I am very excited to be a part of Nokia’s Global New Year Eve celebrations. I look forward to performing live and celebrating the Nokia New Year’s Eve with my fans.”
Priyanka Chopra said “Music has no boundaries and it is the only bond that connects people instantly. This is the first time I am performing live on New Year’s Eve and it is truly going to be a magnificent experience. I am eager to connect with millions of my fans at this New Years Eve musical extravaganza.”
Shahid Kapoor added, “This Nokia New Year’s Eve concert truly is an event of a global stature. I am very thrilled to be performing among such an exciting line up of Indian and International artists. It indeed is a very exciting way to welcome 2007 and celebrate the New Year with my fans.”
The tickets for the Nokia Year Eve concert in Andheri Sports Complex, Mumbai will be priced at Rs 2500, Rs. 1500, and Rs 1200. Tickets are available at all Nokia Priority dealers and Planet M outlets in Mumbai. For further information on Nokia Year’s Eve concert please contact the helpline no 022 -26421211.
For more information on Nokia New Year Eve, please visit www.nokianewyearseve.com.
About Nokia:
Nokia is a world leader in mobile communications, driving the growth and sustainability of the broader mobility industry. Nokia connects people to each other and the information that matters to them with easy-to-use and innovative products like mobile phones, devices and solutions for imaging, games, media and businesses. Nokia provides equipment, solutions and services for network operators and corporations.
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.
