If train journeys were boring for you, Indian Railways will spice it up. It is planning to offer TV shows, movies and songs for the entertainment of its passengers, reports Business Standard.
Brokerage houses cite better leadership position, volumes to subscribe to the issue. However, challenges include tech challenges, dependence on few advertising agencies, among others.
The second batch of phase-3 auction was held between October 26 to December 14 last year.
In an interview to CNBC-TV18, Prashant Panday, MD & CEO of ENIL said the addition of Radio City would be a welcome move in the radio space.
"The company has on January 24, 2017 issued unsecured Commercial Papers (CPs). The amount raised through issuance of Commercial Papers is Rs 121.8 crore," Entertainment Network (India) Ltd said in a BSE filing.
Its total income from operations was up 11.49 percent during the quarter under review at Rs 129.64 crore as against Rs 116.27 crore in the corresponding period of the previous fiscal, ENIL said in a BSE filing.
The Kochi business is expected to break-even in the next 4-6 quarters at the EBITDA level, says Prashant Panday, MD & CEO, ENIL. The company will work on lifting the margins to around 30-35 percent in another 4-6 quarters, he says.
Classmate, one of India’s leading notebook brands by ITC and Radio Mirchi’s spelling extravaganza Classmate Spell Bee Season 8 culminated ...
Classmate, one of India’s leading notebook brands by ITC and Radio Mirchi’s spelling extravaganza Classmate Spell Bee Season 8 culminated ...
Speaking to CNBC-TV18, Prashant Panday, MD and CEO of ENIL said that the company is benefitting from increased e-commerce advertising and hopes to be debt free by FY17.
In Q3, EBITDA is seen up 12.9 percent at Rs 50.5 crore versus Rs 44.7 crore while margins may come in at 37.3 percent versus 38.2 percent on annual basis.
A leading name in the Indian tiles sector, Somany Ceramics has captured millions of hearts by creating path-breaking trends in home interiors. Backed ...
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Riding on increased spends by FMCG, realty & e-commerce companies, ENIL's advertising revenue may grow at 9.7 percent in Q2FY16.
ENIL has also acquired a third frequency in Hyderabad, which makes ENIL the only company to have three frequencies in any city. Additionally, it has received permission from Ministry of Information & Broadcasting to acquire four stations from TV Today Network.
Entertainment Network India Limited (ENIL), the operator of Radio Mirchi FM channel has received approval from the information and broadcasting ministry for buying 4 radio stations of TV Today Network , which owns 104.8 FM Oye.
In an interview with CNBC-TV18, Prashant Panday, MD and CEO, ENIL, discussed the company‘s state of business and added there was an acute need to raise the foreign direct investment limit in radio.
Speaking to CNBC-TV18 Prashant Panday, MD & CEO, ENIL says the company‘s revenue has risen about 13-13.5 percent and not 8.8 percent as has been reported.
ENIL, a BSE listed operator of Radio Mirchi, the country's biggest radio channel, posted a net profit of Rs 25.5 crore for the fourth quarter ended March 31, 2015. The company had posted a net profit of Rs 21.2 crore for the corresponding quarter last year.
Prashant Panday, managing director, Entertainment Network India Limited, says the bidding for the phase III spectrum acution is likely to be very aggressive due to limited frequencies being available.
The auction will be on an ascending e-auction basis. Approval was also given to migration (renewal) of private FM radio licenses from phase-II to phase-III on payment of migration fee according to TRAI recommendations.
Jagran Prakashan, which owns one of the country‘s most-widely read newspaper (Dainik Jagran), today announced it would buy Music Broadcast Pvt Ltd (MBPL), which runs the popular Radio City FM channel.
The company which owns FM stations under the brand Radio Mirchi reported a net profit of Rs 23.3 crore up 42 percent year-on-year from Rs 16.4 crore. During the period its total income grew 20 percent to Rs 104 crore from Rs 86.5 crore. Its EBITDA was up 21.5 percent at Rs 31 crore.
There is a lot of headroom for growth in advertising premium for radio believes Prahsan Panday of ENIL because radio has seen a lot of growth from e-commerce, auto sector, retail and FMCG.
Often billed as the next great investing opportunity, the Indian media space has flattered to deceive, with the promised “digitization revolution†yet to accrue any significant benefits. Investors are better off playing niche themes such as regional print newspapers and radio companies for better returns, an analysis by IDFC says.