ITV

Tag: business environment

  • HT Media hopeful of a resurgence in the mid to long term

    HT Media hopeful of a resurgence in the mid to long term

    Mumbai: In a message to shareholders to announce its first quarter results, HT Media, Hindustan Media Ventures chairperson and editorial director Shobhana Bhartia said that in the near term, the company expects market sentiment and growth to remain a bit subdued but is hopeful of a resurgence in the mid to long term. “Despite external macro headwinds, we remain committed to our journalism and to serving all our customers and stakeholders.”

    She noted that the first quarter of FY 2022–23 began on a positive note with a strong performance in the previous fiscal year, with overall business performance and the larger economic and business environment seeing considerable improvement, especially in the latter half of the fiscal. 

    “But it also began amidst indications of headwinds in terms of escalating material input costs owing to geopolitical tensions and protracted global conflicts. Our print business saw significant pricing pressure as material prices continued to remain at elevated levels even as a rise in general inflation impacted the overall cost of doing business. Advertising revenue across print, radio, and circulation revenues remained healthy.”

    HT Media posted its consolidated net losses, narrowed to Rs 41.80 crore for the quarter ended 30 June. Revenue from operations rose 72.5 per cent to Rs 420.09 crore during the same period against Rs 243.53 in the corresponding period of the previous year.

    Total expenses recorded during the quarter stood at Rs 496.78 crore compared to Rs 371.69 crore. 

    HT Media’s revenue from printing & publishing of newspapers and periodicals surged 71.51 per cent YoY to Rs 347.65 crore in Q1 FY2022-23.

    Its revenue from radio broadcast and entertainment rose two-fold to Rs 33.36 crore and digital was at Rs 38.76 crore, up 33.47 per cent.

    On the outlook, Bhartia said, “In the near term, we expect market sentiment and growth to remain a bit subdued, but are hopeful of a resurgence in the mid to long term. Despite external macro headwinds, we remain committed to our journalism and to serving all our customers and stakeholders.”

  • IBN7 presents ‘Ache Din Aayenge Kya?’

    IBN7 presents ‘Ache Din Aayenge Kya?’

    MUMBAI: After a successful Election campaign, the new government now faces the enormous task of delivering on its promise of ‘acche din aane wale hain’. As the nation prepares for the Modi government’s first Budget, IBN7 presents ‘Ache Din Ayenge kya?’ an exhaustive line up of special programming on Budget 2014 – to analyse and understand if better times truly lie ahead!

    ‘Ache Din Ayenge kya?’ will bring to the viewers a sharp and precise overview of numerous issues facing the Indian economy. The channel’s experienced team of reporters and anchors along with noted panelists will try to examine options available to the government for driving economic reforms, boosting growth and controlling deficits. From discussions on what the budget 2014 is likely to hold, to opinions from the common people–IBN7 will have it all.

    This series that has already gone live on IBN7 will have 12 half hour special episodes, addressing the issues of Inflation, Tax, Education, Housing, Water & sanitation, Power, Women special, Railway special, Business Environment, Growth, Price Rise, Local Urban travel especially the Mumbai Locals.

    Additionally, IBN7 will also feature 3 special Budget related segments:

    YUVA – will aim to evaluate if the new government is aligned to the needs and expectations of the youth of the nation.  Through video bytes, they will be given a chance of voicing their concerns and getting the government to address the same.

    AGAR MAIN FM HOTA – will be a compilation of the common man’s suggestions to the Finance Minister on possible steps that he could take to push the economy. In line with IBN7’s consistent effort to give a voice to the nation, Agar Main FM Hota will serve as a platform for people across various strata of society to voice their opinions and expectations from this budget.

    BUDGET YATRA – will take the viewers through a journey from the first ever Union Budget in 1952 to the last union budget in 2013. This special segment will present glimpses of all the budgets presented till date, as a build up to Budget 2014.
    Don’t miss the special pre-budget programming, “Ache Din Ayenge Kya” from Monday-Friday @ 8.30 PM, only on IBN7.