How will Brand India be in less than 10 years from now? The session on ‘India 2020’ saw Pankaj Ghemawat, Kurush Grant, Sanjay Kapoor and Ravi Swaminathan discuss the concerns, potential and the agenda to take forward India’s growth in the years ahead.
DishTV has reported a loss of Rs 762 million in Q3 FY10, as compared to a loss of Rs 561 million in Q2 of this fiscal. However, revenues of the company increased by 8 per cent to Rs 2,786 million in Q3, as compared to Rs 2,579 in Q2 of this fiscal. Out of its DTH revenues, Rs 2,140 million came from subscriptions.
ZEEL has reported a net profit of Rs 1,464 million for the third quarter ending December 31, 2009, a 74 per cent increase as compared to Rs 839 million in Q3 FY209. Meanwhile, the company’s Board of Directors has also approved the proposal to acquire additional 45 per cent stake in its subsidiary, Taj TV Ltd Mauritius and additional 50 per cent stake in its subsidiary, Taj Television (India) Pvt Ltd, from Bukhatir Group for $44.145 million.
HT Media more than doubled its net profit in the third quarter ended December 31, 2009 to Rs 184.2 million from Rs 78.2 million in Q3 FY09 due to sharp increase in circulation and advertising revenues. The company has demerged its Hindi business that includes daily ‘Hindustan’, magazines ‘Nandan’ and Kadambini’ during the quarter for Rs 1.4 billion and has temporarily shut down the loss making JV with BCCL, ‘Metro Now’.