Network18 Media & Investments reports a widened consolidated loss of Rs 1,435 crore for Q3FY25, a significant increase from the previous year’s Rs 59 crore. Revenue from operations also fell by 23% to Rs 1,361 crore. Viacom18’s business has merged with Star India, forming a major broadcasting JV with Reliance Industries investing Rs 11,500 crores.
ICICI Bank’s B Prasanna sees no immediate risk of rupee hitting 90 against dollar
B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate,