Regulators

Radio City reports higher numbers

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public?itok=O0F3fnj4

BENGALURU: India FM Radio company Music Broadcast Limited (MBL) or Radio City reported higher revenue and improved profits for the year ended 31 March 2017 (FY-17, current year and fiscal) as compared to the previous year. The company reported 14.8 percent higher total revenue for the current fiscal at Rs 2,758.6 million as compared to Rs 2,402.3 million in fiscal 2016. Total comprehensive income (TCI) for FY-17 increased 30.3 percent to Rs 355.5 million (13.1 percent of Total Income) from Rs 272.8 million ((11.4 percent of Total Income) in FY-16.

MBL?s operating profit (EBIDTA inclusive of other income) in the current year increased 3 percent to Rs 956.7 million (35.2 percent of Total Income) from Rs 928.9 million (38.7 percent of Total Income) in the previous year. Profit after Tax or PAT in FY-17 increased 32.7 percent to Rs 366.6 million (13.5 percent of Total Income) from Rs 276.2 million (11.5 percent of Total Income) in FY-16.

Total Expenditure in fiscal 2017 increased 18.5 percent to R 2,188.8 million (80.6 percent of Total Income) from Rs 1,847.2 million (76.9 percent of Total Income) in fiscal 2016. Other expense in FY-17 increased 21.3 percent to Rs 958.8 million (35.3 percent of Total Income) from Rs 790.6 million (32.9 (35.3 percent of Total Income) in FY-16.

MBL paid 12 percent more towards license fees for FY-17 at Rs192.2 million (7.1 percent of Total Income) from Rs 171.6 million (7.1 percent of Total Income) in FY-16. Finance Costs in FY-17 declined 8 percent to Rs 190.1 million (7 percent of Total Income) from Rs 206.6 million (8.6 percent of Total Income) in FY-16. Employee Costs in the current year increased 27.3 percent to Rs 650.7 million (24 percent of Total Income) from Rs 511.2 million (21.3 percent of Total Income) in the previous year.

The company has utilised Rs 1,475 million of its Rs 4,000 million that it received from its initial public offer (IPO) towards the objectives that it had listed in the IPO prospectus. Rs 177.3 million has been utilised for transaction costs of share issuance. The rest of the unutilised funds raised from the IPO to the extent of Rs 2,347.6 million have been placed in bank accounts as well as in bank fixed deposits.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/13/logo.jpg?itok=aKEOIe39
TDSAT asks SPN, Tata Sky to reach an agreement in 4 weeks

The Telecom Disputes Settlement Appellate Tribunal (TDSAT) has heard the case on the recent commercial dispute between Sony Pictures Networks India (SPN) and Tata Sky on a failed negotiation. TDSAT heard the case on 11 October and advised the parties to take four weeks to try and reach a mutually...

Regulators TDSAT
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/11/Madras-HC02-Story.jpg?itok=b6BwmcHX
Star India vs TRAI: Arguments conclude, SC likely to deliver verdict after Dussehra

Arguments in case relating to TRAI and Star India ended today in the Supreme Court.

Regulators Supreme Court
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/10/06/5G_services.jpg?itok=b4H_5MhJ
DoT to inquire TRAI about 28 GHz band for 5G service

The Department of Telecommunications (DoT) is planning to initiate talks for new bands to support 5G services in the country. The DoT will soon start discussing with the telecom regulator TRAI for 28GHz band for 5G commercial deployments. As per Economic Times, the DoT will also analyse pricing...

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/27/TRAI-Story.jpg?itok=m81JA4fM
TRAI to be renamed as DCRAI

The Telecom Regulatory Authority of India’s name has been rechristened. From now, it will be called as the Digital Communications Regulatory Authority of India (DCRAI).

Regulators TRAI
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/19/sc.jpg?itok=-d4fsH80
TRAI vs. Star India case: next SC hearing on September 25

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 25 September 2018.

Regulators Supreme Court
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/13/Madras-HC02-Story.jpg?itok=e_lfwNMV
Trai vs. Star case: next SC hearing on Sept. 18

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 18 September 2018

Regulators Supreme Court
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/13/CVR_Health.jpg?itok=2RFG9MlX
MIB orders CVR Health to go off air for code violation

A health channel named CVR Health had telecast a show named ‘healthy nights’ in 2016 that was considered unsuitable for the television audience for which it was asked to go off air for three days with effect from 8-11 September 2018.

Regulators I&B Ministry
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/12/sc.jpg?itok=IgJUhuu8
SC adjourns Star India's petition on TRAI tariff order to 13 September

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 13 September 2018.

Regulators Supreme Court
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/11/Madras-HC02-Story.jpg?itok=ijdHmof2
SC adjourns Star India's petition on TRAI tariff order to 12 September

The Supreme Court has deferred the hearing of Star India’s petition against TRAI tariff and inter-connect order to 12 September 2018.

Regulators TRAI

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories