The Survey suggested that "tax issues like the place of provision clause in service tax resulting in tourism services not being treated as export of service and being taxed and need for lower GST for tourism-related services as in many OECD countries" are required to be addressed to boost the sector.
TV18's Broadcast operations turned in a very strong quarter with an operating profit of Rs. 91.1 crores, up 110 percent on a year over year basis.
TV18 Broadcast and Network18 Media & Investments reported strong operating profits and reported profits for the September quarter, compared to a loss during the same period last year.
TV18 Broadcast rose as much as 7 percent in early trade on Monday after the company reported a consolidated net profit of Rs. 21.3 crore in the third quarter of FY13, helped by strong growth in broadcasting and distribution revenues.
It's a deal that marks giant Mukesh Ambani's foray into the media sector. Mukesh Ambani's RIL will sell a portion of its stake in Eenadu TV to Raghav Bahl-promoted Network18 for Rs 2,100 crore in cash.
The Board of Directors of TV18 Broadcast Limited (TV18) at its meeting held today approved the acquisition of (i) 100% interest in regional news channels in Hindi namely ETV Uttar Pradesh, ETV Madhya Pradesh, ETV Rajasthan and ETV Bihar and ETV Urdu channel (“ETV News Channels”)