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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
From being written off not so long ago, NDTV has pulled off a remarkable turnaround. It could have a lot to do with the company letting go of its TV identity.
First the numbers.
In the year ended 31 March 2021, New Delhi Television Ltd recorded total income of Rs 407.9 crore and profit of Rs 74.8 crore. In the previous fiscal year, NDTV had recorded a total income of Rs 393 crore and a profit of Rs 27.9 crore. So year-on-year, even though NDTV’s revenues were largely flat, the company squeezed out a fairly impressive 2.7x growth in its bottom line.
This performance is not particularly impressive when you look at other publicly listed media companies, especially in television. For instance, the Reliance Industries-owned Network18 Media recorded a consolidated income …
NDTV and Network18 are now firmly loss-making—and show little urgency to fix the fundamentals.
No, the UAE is not offering cheap lifetime residency to Indians, as the government has now confirmed. Separately, Gulf startups and VCs are up in arms against a Sequoia Capital partner.
The fintech giant and its founder are not new to crises, but the latest debacle dwarfs anything the company has faced in the past. The road to revival will be a tough one.
