25, Jan 2024
Radio City Hits the Airwaves with a Roaring Beat: Reports 13% YoY growth in Revenue
Mumbai, January 25, 2024: Music Broadcast Limited (MBL), India’s 1st Private FM Radio Broadcaster, has reported its unaudited Financial Results for the Quarter ended December 31 st, 2023.
Key Highlights – Q3FY24:
- Q3FY24 Top line of Rs 60.4 Crores; 11% Growth YoY
- EBITDA* at Rs. 15.3 Crores; 5% Growth YoY
- EBIDTA Margin at 25.3%
Key Highlights – 9MFY24:
- 9MFY24 Top line of Rs 165.9 Crores; 13% Growth YoY
- EBITDA* at Rs. 40.1 Crores; 25% Growth YoY
- EBIDTA Margin at 24.2%
- Maintained a strong Position with 19% Volume Market Share
*Includes other income
Commenting on the results Mr. Shailesh Gupta, Director said:
“I am pleased to share that our revenues experienced an 11% growth in the Q3FY24 with EBITDA margins at 25.3%. Our focus continues towards the digital business which has a significant growth moving forward.At Radio City, we’ve executed a range of strategies to expand our positioning in the radio industry. According to Aircheck 15 Markets, in the third quarter, we successfully retained our market share at 19%. Additionally, our comprehensive omni-channel framework allows us to maximize the extensive reach of our networks, ensuring the delivery of optimal value to our clients.
About the growth in the advertising sector, the real estate industry experienced a notable 17% year-on-year increase in spending. The pharmaceutical industry expanded by 15%, while the auto industry demonstrated an impressive growth of 26% compared to the previous year. On the finance side, the industry experienced a 9% growth. Meanwhile, on the Jewellery front, we witnessed a massive growth of 44%, and government advertising also saw a good growth of 22% YoY.
In Q3FY24, our digital business witnessed a growth of 27% Y-o-Y. We are aligning ourselves with the ever-changing
media landscape, one that is indifferent to specific platforms, with a central focus on digital for content creation, distribution, consumption, and engagement. To ensure a smooth experience across diverse platforms, we are strengthening our capabilities to stand at the forefront of the digital technology revolution. This involves delivering top-tier entertainment that resonates with the evolving preferences and needs of our audience.Radio City remains a preferred choice for both longstanding and recently acquired clients in the field of radio advertising. For Q3FY24, out of the overall client base utilizing the radio platform, 39% have selected Radio City for their advertising campaigns. Additionally, among the newly acquired clients in the radio domain, 31% have specifically chosen to feature their advertisements on Radio City.
We take pride in deriving 31% of our income from a variety of offerings, that includes, proactive proposals, digital initiatives, sponsorships, and special events.”
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- By Rabindra
25, Jan 2024
Producer Amit Agarwal & National Award Filmmaker Goutam Ghose win hearts at the screening of Raahgir
Pune, 25 January 2024: Producer Amit Agarwal, under his banner Adarsh Telemedia, who has initiated and backed films like M S Dhoni – The Untold Story and produced Simran starring Kangana Ranaut is now ready with his latest production Raahgir – The Wayfarers which is Directed by National Award-winning filmmaker Goutam Ghose. The film stars Adil Hussain, Tillotama Shome, Neeraj Kabi and Omkardas Manikpuri. The film screening was held at Pune International Film Festival.
Raahgir – The Wayfarers is an emotional portrayal of encounters between poverty-stricken strangers that, in order to find new economic opportunities, have to traverse the vast country of India by foot. The film tells a tale of human empathy in times of crisis and revolves around 3 characters and the relationship they make with each other through a journey in search of their livelihoods. Raahgir – The Wayfarers has been filmed in the state of Jharkhand. It was extensively shot in Ranchi and Netarhat.
Speaking to the media, Amit Agarwal, Producer of Raahgir – The Wayfarers said, “We are happy with such an overwhelming response at Pune International Film Festival. I think these festivals provide a great open space for filmmakers and film lovers. Not only did the audience enjoy ‘Raahgir’, they also asked relevant questions related to the film, which shows their engagement with the film was genuine. We are planning to take the film to various film festivals before its theatrical release in India.”
On this occasion, Goutam Ghose, Director of Raahgir – The Wayfarers said, “The movie deals with a story of India’s impoverished people who live in the forests and can hardly make ends meet. They have limited dreams and desires. Their biggest concern is trying to gather the day’s food. The film celebrates the fact that despite the daily struggle for survival, the elements of humanity are still alive in these people. The film showcases how Indian reality differs in the cities and in a poor tribal village. It’s a beautiful story of humanity that is still alive among the poorest of the poor. It is a celebration of empathy, humanity despite a struggle for survival.”
‘Raahgir: The Wayfarers’ was earlier screened at several film festivals – including Busan International Film Festival, MAMI – Mumbai Film Festival, Shanghai International Film Festival, CinemAsia Film Festival (Amsterdam), KIFF – Kolkata International Film Festival, IFFK – International Film Festival of Kerala.
25, Jan 2024
Pre-budget quote from Mr. Mazhar Syed, Director, AsmitA India Realty
Pre-Budget Quote:
2023 witnessed a significant surge in property sales across various realty segments, making it an exceptional year after the COVID-19 slump for us. And the sector enters 2024 with high expectations, looking forward to the Union Budget with renewed hope to keep the momentum high. The industry looks to the Finance Ministry with optimism, particularly in response to the plea for a hike in the tax slab to Rs. 5 lakhs per annum for interest rate deduction under section 24(b) of the Act, up from the current Rs. 2 lakhs for home buyers.
With metro city property prices reaching unprecedented levels, industry stakeholders call for a revision in the credit link subsidy scheme. Advocating for an increase in the cap from Rs. 45 lakh to Rs. 1 crore for metro city homebuyers, this move will aim to make affordable housing more accessible. Furthermore, the proposal for an expansion of the SWAMIH Fund is on the table, aiming to ensure the timely completion of stressed projects. Developers believe this will not only assist their endeavors but also strengthen homebuyer confidence.
25, Jan 2024
Opus Technologies Receives 2024 Great Place To Work Certification
Pune, India, January 25, 2024 – Opus Technologies, a pioneer in the financial technology industry, is delighted to announce that it has earned the prestigious Great Place To Work® Certification™. This distinguished accolade validates the company’s relentless efforts to cultivate an outstanding workplace, where employee well-being, engagement, and diversity and inclusion are paramount.
As the global authority on workplace culture, Great Place To Work brings 30 years of groundbreaking research and data to help every place become a great place to work
for all. Their proprietary platform and For All™ Model helps companies evaluate the experience of every employee, with exemplary workplaces becoming Great Place To
Work Certified™ or receiving recognition on a coveted Best Workplaces™ List.
“This Certification demonstrates our profound commitment to creating a positive and supportive work environment,” says Praveen TM, CEO of Opus Technologies. “We are dedicated to fostering creativity, bold innovation, and collaboration while providing an enjoyable atmosphere filled with diversity and inclusivity. Moving forward, we will continue building on this successful model for a lasting and rewarding workplace experience.”
The prestigious award is based entirely on what current employees say about their experience working at Opus. Great Place To Work employs a well-structured survey approach to record honest and open feedback from the existing employees. The data is compared with the global benchmarks established for the award of the certification.
This recognition is a testament to Opus’ culture that focuses on unlocking individual potential and its forward-thinking and inclusive people practices. The organization believes in enabling employees to broaden their perspectives, think strategically, and sharpen their skills for fast career growth. This commitment manifests through a variety of training and programs and people-oriented policies. Opus proudly champions gender equality, actively eliminating barriers and nurturing a sense of belonging for all. Through dedicated programs, the organization has offered equitable opportunities to the tech talent in rural areas as well. These policies have helped Opus attract and retain top talent by setting new standards for inclusivity in the tech industry.
25, Jan 2024
Indore: Where the Beat Drops and Good Times Pop
SOCIAL is here to turn things up with musical frenzy! You did really read correctly! Prepare to boogie to intense
sounds this January and get crafty with leaves.
The upcoming long weekend has much more madness in store! With Siddharth Diwaedi’s Live Jam – Live music
so good, that will keep you on your feet. Bollywood and Hip Hop beats by DJ Shubh that will unleash
your inner energy. Prepare to smash the dance floor! ️
But, wait there’s more! Fuel your party spirit with 1+1 on LLIITs, and try your luck at #drnks Loot L0 from 12
PM to 7 PM,
So, what are you waiting for? Mark your calendars, gather in large numbers, and grab your dancing shoes!
Date: 25th January, 27th January and 28th January 2024
Venue: Ring Road SOCIAL, Indore
Time: 8:00 PM onwards
25, Jan 2024
NueGo Celebrates 75th Republic Day with Special 100% Cashback Offer
NueGo, India’s first premium intercity electric coach service from GreenCell Mobility is delighted to announce an exclusive Republic Day cashback offer to recognize and reward our valued guests.
To celebrate the spirit of India’s 75th Republic Day, 75 lucky guests who book and complete an intercity trip with NueGo on 26th January 2024 will receive 100% cashback on their ticket fare. This cashback can be used to avail a free ride for their next NueGo booking within 1 month.
NueGo excels traditional bus travel, seamlessly blending the comfort of flight-like travel with the ethos of eco-friendly mobility. Commuters on these routes are ensured an exceptional journey, where they are assisted to their seats, provided with clean, disinfected tissues and water bottles, and can indulge in a serene ride aboard NueGo’s noiseless AC electric buses. The coaches are also equipped with state-of-the-art features, offering unparalleled safety and comprehensive convenience to passengers.
NueGo places a strong emphasis on the safety and comfort of its guests, exemplified by the establishment of upscale lounges. Travelers awaiting their NueGo buses can indulge in a variety of amenities within these lounges. These fully air-conditioned spaces offer facilities such as immaculate and sanitized restrooms, complimentary WiFi, charging points, and café-style restaurants, among others.
Commenting on the offer, Devndra Chawla, MD & CEO, GreenCell Mobility said, “This offer is our way of thanking customers for choosing NueGo as their preferred intercity travel partner. Our continued growth and popularity are driven by our relentless focus on delivering best-in-class customer experience through our technology-enabled services, premium electric bus fleet, and commitment to sustainability.”
“Republic Day holds a special significance for all of us at NueGo. Through this exclusive cashback offer, we want to make this year’s celebrations even more special for our customers. We are committed to creating delightful and memorable travel experiences while also supporting environment-friendly transportation.” He added.
So, this Republic Day, book your intercity trip with NueGo, #RideWithPride, and win a free ride for your next adventure. Our easy-to-use app and website make booking and travel frictionless. Let’s come together to make this 75th Republic Day historic in more ways than one!
25, Jan 2024
MakeMyTrip Quarter Results (Q3 FY24)
National, January 25, 2024 (NASDAQ: MMYT) — MakeMyTrip Limited, India’s leading travel service provider announced its unaudited financial and operating results for its fiscal third quarter ended December 31, 2023. Business & Financial Highlights | Q3 FY24
| Q3 FY24
($ Million) |
Q3 FY23
($ Million) |
YoY Change (Constant
Currency) |
|
| Gross Bookings | 2,088.3 | 1,738.2 | 21.7% |
| Revenue as per IFRS | 214.2 | 170.5 | 26.9% |
| Adjusted Margin | |||
| Air Ticketing | 79.2 | 70.2 | 14.2% |
| Hotels and Packages | 98.8 | 72.0 | 38.8% |
| Bus Ticketing | 26.9 | 20.3 | 33.8% |
| Others | 13.0 | 9.6 | 36.8% |
| EBITDA | 29.4 | 14.3 | |
| Results from Operating Activities | 22.6 | 7.5 | |
| Adjusted Operating Profit (Loss) (also
referred to as Adjusted EBIT) |
33.4 | 19.7 | |
| Profit / (Loss) for the period | 24.2 | 0.2 |
We delivered our highest-ever quarterly Gross Bookings, Revenue, and Profit on the back of strong travel demand during this seasonally strong
- Gross Bookings grew by 7% YoY in constant currency to $2,088.3 million in Q3 FY24 from $1,738.2 million in Q3 FY23.
- Revenue as per IFRS grew by 9% YoY in constant currency to $214.2 million in Q3 FY24 from $170.5 million in Q3 FY23.
- EBITDA grew by 6% YoY to $29.4 million in Q3 FY24 compared to $14.3 million in Q3 FY23.
- Adjusted Operating Profit registered growth of 5% YoY and reached $33.4 million in Q3 FY24 compared to $19.7 million in Q3 FY23.
Commenting on the results, Rajesh Magow, Group Chief Executive Officer, MakeMyTrip, said,
“During this seasonally strong quarter, we witnessed robust demand for leisure travel across all domestic and international destinations leading to the highest-ever quarterly gross bookings, revenue, and profit for the Group. We are excited about the opportunities that lie ahead of us, as the travel and tourism sector is a focus area for the Indian government and is expected to benefit from increased investments in travel infrastructure. Additionally, from a consumer perspective, the growing disposable incomes of the middle class in India are expected to continue driving India’s travel and hospitality growth in the coming years. We remain committed to excellence and innovation, aiming to meet and exceed the diverse travel aspirations of Indian consumers.”
25, Jan 2024
Third Jalagam Workshop at, Hyderabad, stresses public awareness as the key to the success of water management initiatives
Hyderabad, Telangana (INDIA)
25 January 2024: S M Sehgal Foundation, in collaboration with DCB Bank and NIRDPR (National Institute of Rural Development & Panchayati Raj) as the knowledge partner, held the third conference of ‘Jalagam’, the Capacity Building and Experience Sharing workshop series in Hyderabad, Telangana, on January 23, 2024. Ms. Anjali Makhija, Trustee & CEO, of S M Sehgal Foundation inaugurated the workshop, together with Mr. Gaurav Mehta, Head Public Relations, Marketing & CSR, DCB Bank, emphasizing on the need for mutual learning. The workshop was graced by Dr. G Narendra Kumar, Director General, NIRD&PR who elaborated on the scope of water management policies and highlighted the role of training and capacity building in enhancing water efficiency within communities. Mr. Krupakar Reddy, Engineer in Chief, Rural Water Supply, Telangana, gave a snapshot on the government policies in the area and their benefits.
The first panel session led by Ms. Srivani Mullapudi, Founder and Chairperson, of Wishwa focused on technological solutions to promote water security at the grassroots. It featured various grassroots champions and village leaders, including Mr. Rajesh Rangarajan, State Program Director, Water Aid, Mr. Jala Sathyanarayana, Hydrogeologist, Hyderabad Metropolitan Water Supply & Sewerage Board, Mr. Ramkrishna Mukkavilli, Founder & Executive Director, Maithri Aquatech.
The second panel, which explored models of viable community-led solutions for ensuring water security, was moderated by Mr. M V Ramchandrudu, Former Director of WASSAN. Women Gram Panchayat members, Ms. Kavitha Jeevan, Sarpanch Nunthakal, Ms. Gadge Meenakshi, Mukhra, Adilabad, and Ms. Chitla Swarupa Rani, Sarpanch Nellutla shared their on-ground experiences of driving water security in their villages. Their efforts have garnered widespread recognition, including the prestigious President’s Award.
The day was further enriched by the recital of the Water Pledge ‘Ela Nela’ performed by Mr. Ramu Jogi and a group of farmers.
The concluding panel which focused on ensuring rural water security and climate change resilience from a multi-stakeholder perspective, was expertly moderated by Mr. Lalit Mohan Sharma, Principal Scientist, S M Sehgal Foundation. The panel featured esteemed speakers including Dr. Ramesh Sakthivel, Associate Professor and Head, Centre for CSR, NIRD&PR, Dr. Shakeel Ahmad, Chief Scientist (retd) CSIR-NGRI and Prof (retd) MANUU Hyderabad, and Dr. Jayati Chourey, Executive Director, SaciWATERs.
25, Jan 2024
This Republic Day, unleash your Patriotism with the G-SHOCK GG-1000 Mudmaster Series
As we prepare to commemorate the 75th Republic Day, let’s not only commemorate the freedom we attained but also embrace the indomitable spirit of our resilient nation. Throughout the years, G-SHOCK has consistently pushed the limits of boldness and design, embodying rugged style and unwavering reliability—a fitting celebration of the strength and endurance that define our great Republic.
This Republic Day, let your patriotic spirit soar high as you make a bold statement with the iconic G-SHOCK GG-1000 Mudmaster series, a watch designed to withstand the harshest conditions. Renowned for its shock and mud-resistant technology, the G-SHOCK GG-1000 Mudmaster series is a perfect reflection of the strength and resilience of our beloved nation. With ‘Mud Resist’ construction, this timepiece ensures challenging conditions, keeping dirt out with multiple gaskets on buttons and shafts. The watch boasts a convenient World Time mode, allowing you to display the time of your current time zone on the digital display, while the hands show the time from your home time zone. Other features include a compass, timer, stopwatch, and alarm, easily accessible with a few taps of the Mode button on the watch.
Grab these watches at Casio India stores nationwide or online and make this Republic Day an unforgettable celebration! Wear your patriotism, wear your G-SHOCK!
25, Jan 2024
Samsung BKC Lifestyle Experience Store Opens Doors at Jio World Plaza, Mumbai
National, India, January 25, 2024 – Samsung, India’s largest consumer electronics company, today inaugurated its first Online-to-Offline (O2O) lifestyle store in India at Jio World Plaza Mall, the recently inaugurated ultra-luxury precinct for retail, leisure and dining in Mumbai, strengthening its commitment to India.
Samsung BKC, spread across 8,000 sq ft, in Jio World Plaza, is located strategically in Mumbai’s central business hub of Bandra Kurla Complex and will showcase Samsung’s top-of-the-line premium products through unique curated experiences and real-life scenarios. This new store showcases Samsung’s widest premium portfolio ranging from smartphones to televisions, refrigerators, washing machines and other products, leveraging the power of Samsung’s AI ecosystem.
Catering to premium consumers and technology enthusiasts, Samsung BKC offers Samsung’s latest AI experiences from ‘AI for All’ for consumer electronics products to ‘Galaxy AI’ for mobile devices – all under one roof.
As the first Samsung O2O store in the country, Samsung BKC will re-imagine the retail shopping experience and unlock new possibilities for our customers by bringing the best of both online and offline worlds. Through this retail innovation, Samsung BKC store extends the convenience of online by offering the widest selection of products with over 1,200 choices from an online digital catalogue while also enjoying assistance by in-store staff. Moreover, these products can be delivered not just in Mumbai but anywhere in the country.
In addition, customers in Mumbai also have the option to buy online from Samsung.com/in and take advantage of store proximity to pick up their products from Samsung BKC within two hours.
As it opens for customers, Samsung BKC will redefine flagship experience for customers with the latest Galaxy S24 series. The store will offer not only Galaxy S24 special edition colour options but also free first-of-its-kind gen AI enabled personalization of their latest Galaxy AI smartphone.
Consumers will be able to experience and pre-book the latest Galaxy S24 series at Samsung BKC, starting January 23.
“Today’s customers, especially Gen Z and millennials, are seeking premium products and unique experiences. They want to interact with the brand and its products, touch, feel and create. This is what Samsung BKC is all about. We have curated never-before-seen experiences in eight unique zones that include all our AI experiences to excite people across segments. Here, customers will get a feel of our expansive connected devices ecosystem and our cutting-edge technology,” said Mr. JB Park, President & CEO, Samsung Southwest Asia.
“Samsung BKC will also organize Learn @ Samsung workshops, bringing together Samsung’s innovations with people’s passions,” he said.
Samsung BKC is divided into eight unique lifestyle zones that showcase to customers how Samsung products, individually and as part of Samsung’s connected multi-device ecosystem (SmartThings), can offer convenience to them. These zones cater to different passion points, ranging from gaming and entertainment to art and yoga to cooking and laundry management.
The Eight Lifestyle Zones
Hobby Room – Customers can enjoy an exhilarating and immersive mobile gaming experience on an 85-inch 8K QLED TV and Samsung’s professional range of gaming monitors and laptops.
Home Office – This zone features a cutting-edge home office setup using big screens and smart monitors. Here one can connect the monitor to Galaxy Buds or make calls on the Smart Monitor with Google Meet, showcasing scenarios such as ‘distraction free work from home’ or ‘big screen conference call’. Customers can also experience next-level productivity by seamlessly working across multiple screens including our monitors, tablets, laptops and smartphones.
Home Atelier – Here, customers can experience how Samsung technology can essentially transform your home to an art gallery or even a yoga studio. It showcases our premium televisions, including 8K TVs and The Frame that turns the screen into a work of art. Customers can also check out the AI-enabled Smart Yoga mat that is connected to the television, giving users real time feedback on their yoga postures.
Home Café – In this zone, customers can take a look at our bespoke refrigerators and vacuum cleaners. The colour of the bespoke refrigerators can be tailored to match the home’s colour scheme.
Connected Kitchen – Here, a professional Chef operates the kitchen and cooks healthy food, real-time. The kitchen also has an AI-enabled refrigerator, which has multiple unique features like recipe recommendations and shopping lists based on what’s inside the refrigerator. In this zone, customers can learn how to use Samsung products to manage and prepare healthy food as well as effective visitor management.
Intelligent Closet – This zone showcases our top of the line AI-enabled washing machines and dryer, and how one can plan and select laundry settings using a smartphone. This zone also talks to customers about home energy management, giving them insights about their homes and the energy consumption level of each of their appliances, using SmartThings AI Energy Mode.
Private Cinema – This is another demonstration of the connected device experience that Samsung offers. Here, customers experience the amazing 110-inch MicroLED TV while the SmartThings app connects via a smartphone to control everything from the curtains, lights, sound bar to even the air conditioner to transform the room into a movie theatre.
Mobile Zone – This is centre of the store that will showcase Samsung’s flagship Galaxy devices – Galaxy Z series and Galaxy S series – including the latest Galaxy S24 series as well as our flagship tablets, laptops and wearables.
To bring together all the experiences across the eight zones, Samsung BKC will also host a various events and workshops around consumer passion points such as digital art, photography, videography, fitness, and baking, cooking, music, among others as part of its Learn @ Samsung programme.
This programme will run through the year with influencers, content creators and other experts who will help customers at the store learn more about Samsung products and its expansive connected devices ecosystem through great experiences and DIY opportunities around their passion points.
For Gen Z and millennial customers who love customizing their products, the store will offer unique personalization and customisation options for mobile as well as consumer electronics products. At the Creator’s Workshop, customers can customize their smartphone covers on their own. They will also be able to accessorize their purchases like adding one’s initials with crystals on their phone covers and adding fun charms to their Galaxy Watches. At the Home Café zone, customers can customize the door colour of their bespoke refrigerators to match the colour scheme in their homes.
The premium customers visiting the store will also have the opportunity to preview global products that are yet to be launched in India
To create a longstanding relationship with customers, the store also features an integrated service centre where they can take online and offline appointments & request pickup for service of their device. The store will also offer our customers same-day repair of Galaxy devices & remote assistance.
Samsung BKC customers, purchasing two or more SmartThings-enabled products will be offered a free SmartThings set-up along with product installation through our visiting service engineers.
Customers coming into the store will get assured gifts including up to 2% loyalty points on purchase of select Samsung products and up to 20% off on select models of television and monitors, up to 5% additional cashback on refrigerators and washing machines and Galaxy Buds FE at INR 2999 on purchase of select Galaxy devices. In addition to this, Samsung BKC will also offer special benefits for corporate customers.
