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Hathway Cable generates profits courtesy digitisation in FY-2013

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MUMBAI: It‘s obviously bearing the fruits of the government mandated digitisation of Indian cable TV and of being among the first movers in the sector. Hathway Cable & Datacom, which proudly claims that it is India‘s largest high speed cable broadband services provider on its website, has seen a remarkable turnaround in profits in Q4-2013 and in FY2013. It had posted net losses in the previous quarters. The results were posted after market hours this evening.

With 1.4 million two-way broadband enabled homes together with a subscriber base over 50 per cent of the total Indian cable TV broadband market, it was awarded as the best Indian MSO by indiantelevision.com‘s The Indian Telly Awards for its quality cable TV and broadband internet services earlier this month.

Let us look at the Q4-2013 financials as against Q4-2012

The cable TV services provider notched up total sales of Rs 231.18 crore in Q4-2013 as against Rs 135.46 crore in Q4-2012 – a phenomenal 70.6 per cent jump.

Expenses at Rs 186.88 crore in Q4-2013 grew when compared to Rs 139.30 crore in Q4-2012. Greater transparency in its operations, following phase 1 of digitisation, has resulted in it forking out more money to pay TV channels. Its pay TV channel costs have gone up to Rs 49.50 crore from Rs 38.79 crore in Q4-2012. Employee benefits have climbed to Rs 10.52 crore (Rs 7.68 crore).

What grabs our attention the most is the company‘s positive bottomline which is at Rs 28.27 crore as against a reported net loss of Rs 6.79 crore in Q4-2012.

Let us look at the Q4-2013 financials as against the preceding Q3-2013

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Considering the quarterly trend, the top line (revenue) at Rs 231.18 crore witnessed a massive jump of nearly 50 per cent over Q3-2013‘s revenue of Rs 154.91 crore.

Expenses have surged to Rs 186.88 crore in Q4-2013 as against Rs 147.57 crore in the immediate preceding Q3-2013. Major contributors to this surge are attributed to pay channels costs which stood at Rs 49.50 crore (Rs 42.96 crore in Q3-2013).

Yet again Hathway‘s net profit of Rs 28.27 crore, as against a net loss of Rs 7.42 crore in Q3-2013 remains the most welcome of them all.

Let us look at the consolidated FY-2013 results as against FY-2012

Although it recorded net losses for three of the four quarters in FY-2013, Hathway Cable & Datacom has reported impressive overall results. Its revenues rose 12 per cent to Rs 1132.52 crore as against Rs 1012.12 crore in FY-2012. It tightened the screws on expenses allowing these to rise only 3.6 per cent to Rs 1024.74 crore (from Rs 988.74 crore in FY-2012).

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Its profits from operations gallopped to Rs 107.78 crore in FY-2013 as against Rs 23.38 crore. And what‘s more it has reported a smiling net profit of Rs 15.90 crore as against a loss of Rs 49.18 crore in FY-2012.

The company appears to have been leveraging itself to fund digitisation in phase I as its borrowings have skyrocketed. Its long term borrowings have more than doubled to Rs 669.08 crore in FY-2013 from Rs 269.95 crore in FY-2012. It has resorted to higher short term debt during the year too, with the figure standing at Rs 76.18 crore on 31 March 2013 as against FY-2012 Rs 21.28 crore. Its current liabilities have also doubled from Rs 310 crore in FY-2012 to Rs 617.68 crore in FY-2013.

The company says that, in view of introduction of DAS, it along with other MSOs, is in the process of finalising fresh terms of revenue sharing with local cable operators through whom the cable services are rendered to the ultimate subscriber.

On August 2012, the Hathway stock was trading at Rs 173.12. It then moved up to Rs 300 in a matter of four months in December 2012. Following that the stock has been range-bounding between Rs 236 and Rs 276. It broke out to Rs 290 on 14 May 2013 only to fall back to Rs 269 on 23 May 2013. The Hathway stock closed today at Rs 275.05 as against the previous closing of Rs 273.10.

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Moltbook, the AI-only social network, sparks hype, doubt and fear

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CALIFORNIA: Moltbook, a Reddit-style social platform built exclusively for artificial intelligence agents, has emerged as the latest obsession in Silicon Valley, drawing intense attention for its explosive growth and surreal bot-driven interactions.

The platform hosts more than 100 communities where AI agents post, argue and joke about topics ranging from governance theory to esoteric “crayfish debugging” concepts. Within days of launch, Moltbook recorded tens of thousands of posts, nearly 200,000 comments and more than 1 million human visitors observing the activity.

Yet the numbers and the autonomy are under scrutiny, as per media reports. A security researcher has suggested as many as 500,000 accounts may trace back to a single address, raising doubts about Moltbook’s membership claims. Many posts could also be the result of humans instructing their AI tools to publish content, rather than bots acting independently.

The platform runs on agentic AI, powered by an open-source tool called OpenClaw, formerly known as Moltbot. Unlike chatbots such as ChatGPT or Gemini, these agents are designed to perform tasks on users’ devices, from sending messages to managing calendars, with minimal human input. Once authorised, they can interact freely on Moltbook.

Some tech figures have hailed the platform as a glimpse of a post-human internet. Head of crypto custody firm BitGo Bill Lees, called it evidence that “we’re in the singularity”.

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Academics are less convinced. Petar Radanliev, an AI and cybersecurity expert at the University of Oxford, said the idea of agents acting independently was “misleading”, describing Moltbook instead as automated coordination within human-set constraints. Columbia Business School assistant professor David Holtz, dismissed the spectacle as “thousands of bots yelling into the void and repeating themselves”.

Beyond hype, security worries loom large. ESET global cybersecurity advisor Jake Moore, warned that granting AI agents access to emails, private messages and files risks prioritising efficiency over privacy. Andrew Rogoyski of the University of Surrey said high-level system access could lead to serious damage, from erased data to compromised company accounts.

Even OpenClaw’s founder Peter Steinberger, has felt the darker side of attention, with scammers hijacking his old social media handles after the platform’s rebrand.

For now, Moltbook remains a strange digital zoo: part experiment, part spectacle, where AI agents banter about philosophy, productivity and, occasionally, their fondness for their human operators.

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Apple appoints Avtar Ram Singh as head of international marketing

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CALIFORNIA: Apple has handed a bigger global brief to a long-time insider. Avtar Ram Singh has taken over as head of international marketing for the App Store, Apple Arcade and the Apple Games app, deepening his remit across one of the company’s fastest-growing businesses.

“I’m happy to share that I’m starting a new position as head of international marketing, App Store, Apple Arcade and Games App at Apple,” Singh said while announcing the move.

The promotion crowns nearly seven years at Apple, where Singh has led services marketing across Southeast Asia and India and previously served as head of marketing for Southeast Asia content and services, business lead for Apple Podcasts in the region and interim marketing lead for the App Store internationally.

His new portfolio spans three pillars of Apple’s services push. The App Store, which Apple positions as a safe and trusted discovery platform, now attracts more than 850 million average weekly users globally. Since 2008, developers have earned over $550 billion on the platform.

Apple Arcade, the company’s gaming subscription service, offers unlimited access to a catalogue ranging from brain teasers to big-name franchises. The recent addition of Sid Meier’s Civilization VII Arcade Edition brings a AAA PC title to iPhone, iPad and Mac from 5 February.

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Then there is the Apple Games app, unveiled at WWDC as a unified destination for games from the App Store and Arcade. It aggregates titles in one place, surfaces personalised recommendations, tracks events and achievements, and lets users compete with friends or connect controllers for a console-like experience.

Singh arrives with a hybrid background in strategy, data and creativity. His career spans digital and social media marketing, business intelligence, content, editorial and analytics across culturally diverse markets. He has worked on brands including P&G, Accor, Audi, UBS, Nikon, Samsung, Sony, Pizza Hut, HBO and Singapore Airlines-linked businesses such as Scoot.

Before Apple, Singh led strategy at Falcon Agency, focusing on performance marketing and ROI-driven digital frameworks. He earlier ran the social practice at Publicis Singapore, where he oversaw operations, business development and regional social strategy for multinational clients. His career also includes roles at Ogilvy-linked Circus Social, Rocket Internet ventures Lazada and Zalora, and research firm IDC in Bangkok, where he analysed technology markets and won early awards for collaboration and client retention.

At Apple, he has been close to several service launches and expansions, including Apple Fitness+ in Singapore, Apple Creator Studio, global podcast subscriptions and new App Store marketing tools.

The timing is notable. Apple’s services business has posted record years, and gaming is becoming a sharper battleground as platforms chase engagement and recurring revenue. Singh’s brief sits at the intersection of content, community and commerce.

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In a market where attention is scarce and loyalty scarcer, Apple is betting that sharper storytelling and smarter marketing can keep users inside its ecosystem. Singh now holds the megaphone. The real test will be how loudly the world listens.

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Cloud nine in the capital Bharathcloud plugs Delhi into its AI plans

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MUMBAI: Bharathcloud is bringing its cloud closer to power. The Hyderabad-based sovereign AI cloud services provider has opened its Delhi office, marking its formal entry into North India and setting the stage for its next phase of growth.

The expansion comes as India’s digital transformation fuels rising demand for AI-ready cloud infrastructure, driven by wider adoption of artificial intelligence, machine learning, the Internet of Things and data-heavy applications. With the new office, Bharathcloud plans to onboard more than 100 employees in 2026, strengthening its workforce to support customers across government, enterprises, MSMEs and social sectors.

The Delhi presence is expected to sharpen the company’s engagement with organisations seeking secure, scalable and cost-efficient cloud platforms that comply with India’s data sovereignty requirements. It also positions Bharathcloud closer to policy, public sector and enterprise decision-makers in the region.

Founded in Hyderabad, Bharathcloud offers AI-ready cloud infrastructure including Kubernetes-as-a-Service, zero-trust security architecture and multi-level data protection frameworks. Its platform supports AI and ML workloads, blockchain application migration from hyperscalers and distributed data management, with an emphasis on reliability, low latency and operational continuity.

“With the Delhi expansion, we are positioning Bharathcloud to engage more closely with AI-driven enterprises and technology hubs in North India,” said Bharathcloud co-founder Rahul Takallapally. He added that the move would help nurture local cloud and AI talent while accelerating the adoption of secure and resilient AI infrastructure across sectors.

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The company currently operates in Hyderabad, Bengaluru, Mumbai, Kolkata, Lucknow and Chennai, employing over 200 people and serving more than 1,500 clients across manufacturing, healthcare, financial services, IT and media. Aligned with national initiatives such as Digital India and Make in India, Bharathcloud continues to focus on building indigenous AI-cloud infrastructure to support data localisation and the country’s growing appetite for next-generation digital solutions.

With its Delhi office now live, the company is signalling a clear intent: to make sovereign, AI-ready cloud infrastructure not just an alternative, but a mainstream choice for India’s north as well as its tech capitals.

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