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The real story behind the catastrophic himalayan disaster

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MUMBAI: On the 16th and 17th of June, India declared a state of national crisis when Uttarakhand was struck by one of the worst flood hits in history. The catastrophe killed over 6,000 people, left 100,000 stranded and almost half of the state,ravaged by unprecedented floods. The tragic events also triggered one of the largest rescue operations the world has ever seen. As the state reels from the unparalleled destruction, Discovery Channel presentsa one hour programme that investigates the event and explains ‘what really happened’ and ‘why’.

Watch the special HIMALAYAN TSUNAMI on Monday, December 23 at 9PM, only on Discovery Channel.

Announcing the premiere, Rahul Johri, senior vice president and general manager – South Asia and Head of Revenue, Pan-Regional Ad Sales and Southeast Asia, Discovery Networks Asia-Pacific said, “HIMALAYAN TSUNAMI is dedicated to every Indian who was affected by this catastrophe. The programme addresses several unanswered questions about the calamity and retraces the disastrous event through the eyes of first-hand witnesses who recount harrowing tales of survival.”
Alongside, scientific investigators piece together and unravel the natural forces that led to such devastating proportions. This will be the first geological research team to enter the flood ravaged Himalayas and unlock the true causes of the giant, tsunami-like wave that tore through Northern Indian villages, causing unprecedented death and destruction.

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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.

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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.

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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.

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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.

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