a) Basis of preparation
 
 The financial statements have been prepared to comply in all material
 respects with the Accounting Standards notified by Companies
 (Accounting Standards) Rules, 2006, (as amended) and the relevant
 provisions of the Companies Act, 1956. The financial statements have
 been prepared under the historical cost convention on an accrual basis
 except in case of assets for which provision for impairment is made.
 The accounting policies have been consistently applied by the Company
 and are consistent with those used in the previous year.
 
 b) Use of estimates
 
 The preparation of financial statements in conformity with generally
 accepted accounting principles requires management to make estimates
 and assumptions that affect the reported amounts of assets and
 liabilities and disclosure of contingent liabilities at the date of the
 financial statements and the results of operations during the reporting
 period end. Although these estimates are based upon management''s best
 knowledge of current events and actions, actual results could differ
 from these estimates.
 
 c) Fixed Assets
 
 Fixed assets are stated at their original cost including incidental
 expenses related to acquisition and installation and subsequent
 additional cost in respect of major reconditioning expenses enhancing
 the standard of performance of the assets less accumulated depreciation
 and impairment loss if any.
 
 Borrowing costs relating to acquisition of fixed assets which takes
 substantial period of time to get ready for its intended use are also
 included to the extent they relate to the period till such assets are
 ready to be put to use.
 
 d) Depreciation
 
 The Company depreciates its fixed assets as follows:
 
 i. Leasehold land        -  over the period of the lease on straight 
                             line method
 
 ii.Furniture, Fixtures,  -  over the period of the office lease on
    Electrical and Office    straight line method or life of the
    Equipment (in            asset whichever is lower
    Leased premises)
 
 iii.Vehicles             -  on the written down value method at the 
                             rates specified in Schedule XIV of the 
                             Companies Act, 1956;
 
 iv.Other assets          -  on straight line method at the rates 
                             which are based on the useful life as 
                             estimated by the management and are 
                             equal to the rates specified in 
                             Schedule XIV of the Companies Act, 
                             1956;
 
 v.Major reconditioning   -  over a period of three years on
   expenses                  straight line method or
 
 (Included in Plant,         life of the asset whichever is lower
  Machinery and Equipment)
 
 e) Intangibles
 
 Software is capitalized where it is expected to provide future enduring
 economic benefits. Capitalization costs include license fees and costs
 of implementation / system integration services. The costs are
 capitalized in the year in which the relevant software is implemented
 for use. Enterprises Resource Planning (ERP) Software is depreciated
 over a period of four years on a straight line basis.  Brands and Trade
 Marks
 
 Costs relating to Brands and Trade Marks which are acquired, are
 capitalized and amortised on a straight line basis over a period of
 five years, as estimated by management.
 
 f) Impairment
 
 i. The carrying amounts of assets are reviewed at each balance sheet
 date if there is any indication of impairment based on internal/
 external factors. An impairment loss is recognized wherever the
 carrying amount of an asset exceeds its recoverable amount. The
 recoverable amount is the greater of the assets net selling price and
 value in use. In assessing value in use, the estimated future cash
 flows are discounted to their present value at the weighted average
 cost of capital.
 
 ii. After impairment, depreciation is provided on the revised carrying
 amount of the asset over its remaining useful life.
 
 iii. A previously recognized impairment loss is increased or reversed
 depending on changes in circumstances.  However the carrying value
 after reversal is not increased beyond the carrying value that would
 have prevailed by charging usual depreciation if there was no
 impairment.
 
 iv.  Reversal of impairment loss is recognized immediately as income in
 profit and loss account.
 
 g) Investments
 
 Investments that are readily realizable and intended to be held for not
 more than a year are classified as current investments. All other
 investments are classified as long-term investments. Current
 investments are carried at lower of cost and fair value determined on
 an individual investment basis. Long-term investments are carried at
 cost. However, provision for diminution in value is made to recognize a
 decline other than temporary in the value of the long-term investments.
 On disposal of an investment, the difference between the carrying
 amount and net disposal proceeds is charged or credited to the profit
 and loss account.
 
 h) Inventories
 
 Raw materials, components, stores and spares: Lower of cost and net
 realizable value. However, materials and other items held for use in
 the production of inventories are not written down below cost if the
 finished products in which they will be incorporated are expected to be
 sold at or above cost. Cost is determined on a weighted average basis.
 
 Work-in-progress and finished goods: Lower of cost and net realizable
 value. Cost includes direct materials and labour and a proportion of
 manufacturing overheads based on normal operating capacity. Cost is
 determined on weighted average basis.
 
 Net realizable value is the estimated selling price in the ordinary
 course of business, less estimated costs of completion and estimated
 costs necessary to make the sale.
 
 i) Revenue Recognition
 
 Revenue is recognized to the extent that it is probable that the
 economic benefits will flow to the Company and the revenue can be
 reliably measured.
 
 i.  Advertising Revenues
 
 Advertising Revenue from Business Directories is recognized in the
 period in which the Directories are printed and are accounted net of
 commission and discounts.
 
 Advertising Revenue from Special Interest Magazines is recognized in
 the period in which the magazines are published and are accounted net
 of commission and discounts.
 
 ii.  Subscription Revenues
 
 Revenue recognition from subscriptions to the Company''s print
 publications is recognised as earned, prorata on a per issue basis over
 the subscription period.
 
 iii.  Circulation Revenues
 
 Circulation Revenue includes sales to retail outlets/ newsstands, which
 are subject to returns.The Company records these retail sales upon
 delivery, net of estimated returns. These estimated returns are based
 on historical return rates and are revised as necessary based on actual
 returns.
 
 iv.  Print Sales
 
 Revenue from printing jobs is recognized on completion basis and is
 accounted net of taxes.
 
 v.  Traded Products
 
 Revenue is recognized when the significant risks and rewards of
 ownership of the products have passed to the buyer and is stated net of
 taxes and discounts.
 
 vi.  Event Sale
 
 Revenue from event sale is recognized on the completion of the event
 and on the basis of related service performed.
 
 vii.  Agency Commission
 
 Revenue is recognized as per the terms of agreement with the
 principals, on rendering of relevant services.
 
 viii. Interest
 
 Revenue is recognized on a time proportion basis taking into account
 the amount outstanding and the rate applicable.
 
 ix.  Dividends
 
 Revenue is recognized when the shareholders'' right to receive payment
 is established by the balance sheet date. Dividend from subsidiaries is
 recognized even if same is declared after the balance sheet date but
 pertains to period on or before the date of balance sheet.
 
 j) Employee Benefits
 
 i. Retirement benefits in the form of Provident Fund is a defined
 contribution scheme and the contributions are charged to the profit and
 loss account of the year - when the contributions to the respective
 funds are due. There are no obligations other than the contribution
 payable to the respective trusts.
 
 ii. Gratuity liability is a defined benefit obligation and is charged
 to the profit and loss account when annual contribution is made to the
 Trustees on the basis of the Funds'' rules. The shortfall between the
 accumulated fund balance and the liability as determined on the basis
 of an independent actuarial valuation is provided for at the year end.
 The actuarial valuation is done as per projected unit credit method.
 
 iii. Short term compensated absences are provided for on the basis of
 estimates. Long term compensated absences in the form of Leave
 encashment is accrued and provided for on the basis of an actuarial
 valuation as at the year end. The actuarial valuation is done as per
 projected unit credit method.
 
 iv.  Actuarial gains / losses are immediately taken to the profit and
 loss account and are not deferred.  
 
 k) Voluntary Retirement Compensation
 
 Voluntary retirement compensation is fully charged off in the year of
 severance of service of the employee.  
 
 I) Foreign Currency Transaction
 
 Initial Recognition:
 
 Foreign currency transactions are recorded in Indian Rupees by applying
 to the foreign currency amount, the exchange rate between the Indian
 Rupee and the foreign currency prevailing at the date of the
 transaction.
 
 Conversion:
 
 Foreign currency monetary items are reported using the closing rate.
 Non-monetary items which are carried in terms of historical cost
 denominated in a foreign currency are reported using the exchange rate
 at the date of the transaction; and non-monetary items which are
 carried at fair value or other similar valuation denominated in a
 foreign currency are reported using the exchange rates that existed
 when the values were determined.
 
 Exchange Differences:
 
 Exchange differences arising on the settlement of monetary and
 non-monetary items at rates different from those at which they were
 initially recorded during the year, or reported in previous financial
 statements, are recognized as income or as expense in the year in which
 they arise.
 
 Forward Exchange Contracts not intended for trading or speculation
 purposes:
 
 The premium or discount arising at the inception of forward exchange
 contracts is amortized as expense or income over the life of the
 contract. Exchange differences on such contracts are recognized in the
 statement of profit and loss in the year in which the exchange rates
 change. Any profit or loss arising on cancellation or renewal of
 forward exchange contract is recognized as income or as expense for the
 year.
 
 m) Operating Lease
 
 Leases where the lessor effectively retains substantially all the risks
 and benefits of ownership of the leased term are classified as
 operating leases. Operating lease payments are recognized as an expense
 in the profit and loss account on a straight-line basis over the lease
 term.
 
 n) Taxes on Income
 
 Tax expense comprises of current and deferred tax. Current income tax
 is measured at the amount expected to be paid to the tax authorities in
 accordance with the Income-tax Act, 1961 enacted in India. Deferred
 income taxes reflect the impact of current year timing differences
 between taxable income and accounting income for the year and reversal
 of timing differences of earlier years.
 
 Deferred tax is measured based on the tax rates and the tax laws
 enacted or substantively enacted at the balance sheet date. Deferred
 tax assets on timing differences are recognized only to the extent that
 there is reasonable certainty that sufficient future taxable income
 will be available against which such deferred tax assets can be
 realized. If the Company has carry forward of unabsorbed depreciation
 and tax losses, deferred tax assets are recognized only if there is
 virtual certainty supported by convincing evidence that such deferred
 tax assets can be realized against future taxable profits. Unrecognized
 deferred tax assets of earlier years are re-assessed and recognized to
 the extent that it has become virtually/ reasonably certain that future
 taxable income will be available against which such deferred tax assets
 can be realized.
 
 The carrying amount of deferred tax assets are reviewed at each balance
 sheet date. The Company writes down the carrying amount of a deferred
 tax asset to the extent that it is no longer reasonably certain or
 virtually certain, as the case may be, that sufficient future taxable
 income will be available against which deferred tax asset can be
 realised. Any such write down is reversed to the extent that it becomes
 reasonably certain or virtually certain, as the case may be that
 sufficient future taxable income will be available.
 
 o) Segment Reporting
 
 i.  Identification of Segments:
 
 The Company''s operating businesses are organized and managed separately
 according to the nature of products and services provided, with each
 segment representing a strategic business unit that offers different
 products and serves different markets. The analysis of geographical
 segments is based on the areas in which major operating divisions of
 the Company operate.
 
 ii.  Intersegment Transfers:
 
 Inter segment revenues have been accounted for based on the transaction
 price agreed to between segments which is primarily market led.
 
 iii.  Allocation of costs:
 
 a.  Direct Revenues and direct expenses have been identified to
 segments on the basis of their relationship to the operating activities
 of the segment.
 
 b.  Revenues and expenses, which relate to the enterprise as a whole
 and are not allocable to segments on a reasonable basis are generally
 included under Unallocated corporate expenses/ income
 
 c.  In view of the Scheme of Arrangement(''the Scheme'') discussed in
 Note 3 below, the Unallocated Corporate expenses/income have been
 further allocated by management on the following basis:
 
 -Indirect Revenues and Expenses allocated on appropriate basis as
 decided by management
 
 -Expenses relating to Common Facilities - Allocated as agreed to by the
 Board of Directors of Infomedia 18 Limited and Network18 Media &
 Investments Limited as per paragraph 1.4 of the Scheme.
 
 -Employees cost - Allocated as agreed to by the Board of Directors of
 Infomedia 18 Limited and Network18 Media & Investments Limited as per
 paragraph 1.6 of the Scheme.
 
 -Unallocated Borrowings and related Interest Cost - Allocated on basis
 of Ratio of assets as at April 1,2010
 
 -Investments and related Dividend Income - Allocated as agreed to by
 the Board of Directors of Infomedia 18 Limited and Network18 Media &
 Investments Limited as per paragraph 1.6 of the Scheme.
 
 iv.  Segment policies:
 
 The Company prepares its segment information in conformity with the
 accounting policies adopted for preparing and presenting the financial
 statements of the Company as a whole.
 
 p) Earnings per share
 
 Basic earnings per share are calculated by dividing the net profit or
 loss for the period attributable to equity shareholders by the weighted
 average number of equity shares outstanding during the period.The
 weighted average numbers of equity shares outstanding during the period
 are adjusted for events of bonus element in a rights issue to existing
 shareholders.
 
 For the purpose of calculating diluted earnings per share, the net
 profit or loss for the period attributable to equity shareholders and
 the weighted average number of shares outstanding during the period are
 adjusted for the effects of all dilutive potential equity shares, if
 any, except where the result would be anti-dilutive.
 
 q) Provisions
 
 A provision is recognized when an enterprise has a present obligation
 as a result of past event; it is probable that an outflow of resources
 will be required to settle the obligation, in respect of which a
 reliable estimate can be made. Provisions are not discounted to its
 present value and are determined based on best estimate required to
 settle the obligation as at the balance sheet date. These are reviewed
 at each balance sheet date and adjusted to reflect the current best
 estimates.
 
 r) Employee Stock Compensation Costs
 
 Measurement and disclosure of the employee share based payment plans is
 done in accordance with the SEBI (Employee Stock Option Scheme and
 Employee Stock Purchase Scheme) Guidelines, 1999 and Guidance Note on
 Accounting for Employee Share Based Payments, issued by the Institute
 of Chartered Accountants of India.The Company measures compensation
 cost relating to employee stock options using the intrinsic value
 method. Compensation expense is amortized over the vesting period of
 the option on a straight line basis.
 
 s) Miscellaneous Expenditure (to the extent not written off)
 
 Processing fees paid to various lenders are amortized equally over the
 period for which the funds are acquired.
 
 t) Cash and cash equivalents in the financial statements comprise of
 cash at bank and in hand and short-term investments with an original
 maturity of three months or less.